There is another bubble, that is ammo.
This bubble is at or near the peak. It is the haven of the moment for many feeling the need but lacking the means to invest in Treasuries.
BTW, if you don’t sell, the money is safe until redemption. The problem is inflation and the steady devaluation of the US$
My opinion on that changes daily, sometimes hourly. I feel like a yo yo.
My point is that devaluation the USD and most if not all other currencies is not only unavoidable, it is utterly necessary.