The Gold power law is perfectly fine. What we never claimed is that there exists a fixed floor at 50% of the reference price—that feature is specific to BTC/USD, not to gold.

This distinction is essential, and it’s unclear why it keeps being misunderstood. Gold behaves differently because it moves relative to fiat, not within a self-referential, scale-invariant monetary system like Bitcoin.
What’s actually remarkable is that even after gold’s recent ~3× increase—following decades of stagnation—it still remains within roughly 2σ of its power law trend.
That fluctuation is just noise. The real task is to focus on the signal.