I asked if gold was inexpensive in a May 5, 2026, Barchart article, where I concluded with the following:
Central banks and governments continue to validate gold as the ultimate reserve asset, as it has replaced the euro as the second-most-held reserve asset. As long as gold remains a top reserve asset, it will remain a store of value. I remain bullish on gold, but would leave room to add to existing long positions on further declines.
