Here's something worth noting for your portfolio thesis: gold just logged a 65% surge over the past twelve months when measured in U.S. dollars. That's not just any move—it marks the largest annual rally we've seen in 46 years. For context in the broader macro landscape, these kinds of multi-decade highs usually signal significant shifts in currency dynamics, geopolitical tensions, or capital flight patterns. Whether you're thinking about hedging strategies or how traditional assets are reshaping allocations in a multi-asset environment, this data point is tough to ignore. The timing is particularly interesting given recent developments across global markets.