Gold - the cheap way to play the TIP(s)

TIP has continued working on the break out recently. Gold has faded the TP for various reasons since late 2020. As we pointed out a few sessions ago, the gap between gold and TIP looks too wide here.
GS sees gold cheap vs TIPS and sees gold moving higher implied by the US 10 yr real rate.
Note gold is pushing recent highs as of writing, trading at highest levels since the ugly candles in mid June.