BlackRock's Evy Hambro has redefined the valuation of gold by analyzing its purchasing power. He pointed out that gold is used more frequently to buy everyday items, but less frequently for high-ticket items like American pickups or Manhattan real estate. He dismissed the notion that gold prices are too high. As investors reassess the balance between tangible assets and fiat currency, he emphasized the supportive macroeconomic backdrop for gold, suggesting that if this trend continues, gold prices "could rise significantly." Hambro also compared the industrial dynamics of gold and silver, highlighting the strong profit margins of mining companies. The price of gold is reported at $4,202.60, up 59.95% year-to-date, while Bitcoin has risen 20.01% to $113,042.