What? Major stocks are at muli-year lows while the corn is knocking on the door of relative ATH against indices:

The gold run is vault panic buying because shit is hitting the fan and nobody knows if their paper is actually backed by something. This is slippage, and the very reason it's pumping is from the fear that comes with the realization it's not transportable/verifiable like Bitcoin.

Also the last few times gold had runs like this it was under water for 10-20 years after, gold gets moved very infrequently because it's shit money, we're in the infrequent phase.