GM trading at 7x forward earnings, just announced $6B buyback and 20% dividend hike. Meanwhile gold just broke $5,000. Anyone else rethinking their allocation?

Not a day trading post — just thinking through some longer-term positioning after today's earnings. GM reported this morning. Beat on EPS ($2.51 vs $2.28 expected), guided 2026 net income between $10.3-11.7 billion. Announced a new $6B share repurchase and raised the dividend 20%. Stock hit all-time highs. The valuation is still pretty cheap. Trading around 7x forward earnings. CFO straight up said he thinks the stock is undervalued. Now the interesting part — they're guiding for $3-4B in additional tariff costs in 2026, plus another $1-1.5B in FX headwinds. They also took $7.2B in EV-related charges. So the headline numbers look rough, but the core ICE business is still generating serious cash. Adjusted automotive free cash flow was $10.6B in 2025. On the other side of the market, gold just crossed $5,000/oz for the first time. Silver broke $100. Both are at record highs. The "debasement trade" is clearly in full effect — people are hedging against fiscal risk and dollar weakness. I'm trying to figure out how to think about both at once. On one hand you've got an industrial company trading at a single-digit multiple, returning cash to shareholders, and benefiting from tariff protection on imports. On the other hand you've got hard assets that seem to be pricing in something pretty ugly about the macro picture. Anyone here holding both? Or is this an either/or situation — either you think the economy's fine and buy undervalued equities, or you think we're heading into something worse and load up on metals? Genuinely curious how people are thinking about this.