Buy GLD by May 7, 2026.

Since **Nov 2025**, looking at the same window across three common investment exposures: * **Equities (SPY)**: small gains, high volatility * **Bitcoin (IBIT)**: steady decline * **Gold (GLD)**: clear outperformance One important clarification: this is **not spot prices**. The comparison uses **investable indices / ETFs** (SPY, IBIT, GLD), which better reflect how capital is actually allocated in portfolios. The chart was built in **Baselight** using **Yahoo Finance** data. The plot and underlying query are public, reproducible, and auditable.