That's gold
We all saw the photos of the queues to buy gold at Martin Place back in October...
Source: Tom Richardson, X
How everyone chuckled.
The funny thing is, despite all the cynicism, they're all in profit now as the price of gold has gone ballistic anew.
Having largely languished for the past decade-and-a-half, the gold price has soared again in anticipation of upcoming interest rate cuts.
Bullion is up +67 per cent so far in 2025.
Chart from Kitco:
The price of silver, meanwhile, has gone almost vertical, to be up by an astonishing +138 per cent for the year-to-date.
A fear trade?
Risk appetite more broadly has been rising at a record pace since April, with billions pouring into leveraged long ETFs and comparatively very little interest on the short side.
All traditional metrics would say we are well into 'overbought' territory for gold and silver...so what's driving the latest surge?
The standard answers would be a fear of inflation or monetary debasement, a global conflict, or possibly all of the above.
Yet none of that seems to be so much priced into bond markets, stocks, or real estate.
It's interesting because oil prices have fallen a lot of late - unlike the late 1970s energy crisis which was triggered by the Iranian revolution - and global inflation appears to be softening.
So, just a momentum play, perhaps.
---
1. Download our property buying guide
Download our free property buying guide here.
You can also check out a few of our recent property purchases here.
Get in contact with us today if strategic property investment is your thing.
2. Subscribe to our Top 10 Podcasts for Investors
Listen in to our podcasts
The Australian Property Podcast is rapidly becoming one of Australia's biggest business podcasts, now with well over 50,000 audio downloads per month, and growing fast.
And our popular Low Rates High Returns Show also remains available on Spotify.
3. Subscribe for my free daily blog
Subscribe for my free daily blog with 4½ million hits here.
You can also catch up with me daily on Twitter here, where I'm far too active daily and have over 15,500 followers.
By the way, I'm an 8-times published author on finance, investing, and business, so you can check out some of my books here.
My new book, co-authored with Cate Bakos is available to buy here or on Amazon here - check out our free Buy Right podcast series here.
4. Work with me privately
For a limited time you can book in a free diagnosis call with me here, so book in a call today.
