The investment world is facing a stark warning as ARK Invest's Cathie Wood and former IIF Chief Economist Robin Brooks signal that the historic rally in gold is a speculative bubble nearing its breaking point. The 1934 Signal Wood argues that gold's recent ascent is not a reflection of economic stability, but a “parabolic move” typical of a cycle’s end. She notes that the market cap of gold as a percent of the U.S. money supply (M2) has reached levels not seen since the Great Depression. "The ratio of go ...