That is a non sequitur.
You are using USD denominated value to measure % return on gold
while simultaneously asserting the USD denominator is meaningless.
Your OP is self contradictory.
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Definition: A non sequitur is a statement, conclusion, or remark that does not logically follow from the preceding statements or premise.
All I'm trying to say is that a "gain" depends on what you measure it against. I dont think that is a non sequitur.