The Official 2025 Gold Statistics Focus on Rising ETF Demand

Overall, total gold demand in 2025 surpassed 5,000 metric tons* for the first time in history. Gold enjoyed a record year of price gains in 2025, its best year since 1979, setting 53 new all-time highs during the year, while rising 65% year over year.  The biggest story was the rise in gold ETF buying around the world, with spectacular new gold ETF demand in India and a belated recovery in ETF buying in the U.S.

Why Gold Has Soared Since 2000 – and Especially Since 2020

Gold was flat, trading $250 to $300 per ounce, from 1998 to 2001, mostly because the federal government balanced the budget and the dollar was strong. In early 2001, the Congressional Budget Office (CBO) predicted we’d see budget surpluses forever and would pay off the entire national debt within a decade. The cumulative public debt was $5 trillion then and the CBO predicted $5.6 trillion in surpluses by 2011.

Gold has stayed above its $5,000 support level since February 20

After a small decline in early March, gold surged $100 on Monday, March 9, opening at $5,075 and closing $100 higher, at $5,175. Silver replicated that move with an even stronger surge, from a Monday opening of $83 to a close at $89. 

February and Year-to-Date Market Summary

February was another great month for precious metals – especially compared with a flat stock market – as the late January correction in precious metals prices caused enough gold bugs and new gold investors to buy on dips, as we have long counseled here.

Gold and Silver Prices Revive … While Stocks Sink Further

On Monday, February 23, precious metals soared while the stock market stumbled. On the futures market, the April Gold contract on COMEX rose $145 per ounce (+2.9%), from $5,059 to $5,204 per ounce and the March Silver contract rose by $4.25 (+5.2%) to $86.52. Meanwhile, each of the major stock indexes fell by over 1%, including a daily decline of 821 points in the Dow.

A Capsule Market Summary for January 2026

We’re a little later than usual with our one-month market summary but that gives us time and space to point out that – once again – the metals have rallied strongly after their sharp decline on Friday, January 30, and once again, our advice to “buy on dips” paid off, just as it did last October and last December.

Breaking Down The Recent Dip In Gold And Silver Prices

On Thursday morning, January 29, gold and silver were soaring to new record highs, as gold topped $5,600 at one point and silver momentarily hit $120. By the next day, gold fell to $4,700 and closed the week at $4,670.

The WGC Says India is Helping Drive Precious Metals Prices Up in 2026

In early 2026, we have seen record inflows into Indian gold ETFs, according to Kavita Chacko, the Head of Research for India at the World Gold Council (WGC). In last week’s WGC update, she said gold is rising due to geopolitical uncertainty: “Gold prices have extended their uptrend in 2026, scaling fresh record highs …

Silver is up over 12% and gold is up nearly 4% in the first nine days of the new year.

Silver’s superior gains are predominantly due to the new embargo on most silver exports from China, the leading silver refining nation.

Gold is Running “Fast Forward” near Warp Speed

We were not alone in the $3,000 target but I haven’t seen many mention the potential of a weaker dollar and $3,300 gold. In fact, I now think it’s possible gold could reach $3,500 an ounce in 2025.

Gold Sets Another High – And Silver Rises Even Faster

On Monday, February 3rd, gold hit another record high of $2,820 on the spot market and $2,870 on the futures market – nearing our predicted goal of $3,000 an ounce.

The Tale of Peter the Eagle and the U.S. Mint

As inflation predictions came out Tuesday, gold once again began to rise. As of midday Wednesday, Gold was up to $2,695 an ounce and silver was $30.69 an ounce

The Dollar Soared in 2024 – Gold Could Soar More in 2025 if the Dollar Falls

As we move into 2025, it’s interesting to note that four of the biggest Wall Street investment banks all predict $3,000 gold this year. 

Gold Still Beats Stocks over the Long Run

We have two more weeks until we reach the 25-year mark since the dawn of Y2K. Gold is still beating stocks by a spectacular margin in those 25 years since the new century and millennium began.  Gold is up 815%, which more than doubles the performance of the S&P 500 (at 313%) and the Dow Jones Industrials, at +280%. Gold also outshines the performance of silver, at +471%.

Balancing the Budget is Challenging Given Current Entitlement Guarantees That Will Be Good For Gold

As we enter 2025, there will be a +2.5% “Cost of Living Allowance” (COLA) in Social Security benefits, another sign that entitlement benefits will hamstring attempts to cut federal spending, despite the well-intended attempts by the new Department of Government Efficiency (DOGE).

Our Monthly Review of the Metals and the Markets - November was a “Trump Slump” for Metals But They Still Beat Stocks

2024 could turn out to be the best year for gold since the 1970s in terms of some other currencies, but gold must gain 5% or more during December to beat three other years in the 21^st Century to become gold’s best year since 1979.

Iowa Senator Agrees with Me on Pennies

Iowa Senator Joni Ernst included the idea – which I wrote about in 2013 – as one of her Top 10 ideas in a letter to Musk and Ramaswamy last week, stating on X, “Bad Pennies: Currently, the federal government is paying 3 cents to produce a penny and 11 cents to make a nickel. That makes no sense! Only Washington could lose money making money. Changing the composition of coins would save $50 million a year.”

A “Reversion to the Norm” in Gold and Stocks – Two Weeks After the Election

Imagine that two investors went “all in” on two investments in reaction to the Republican sweep of the White House and Senate on Wednesday, November 6th, when the results of the election were first made clear and markets opened.  Investor #1 bought gold and investor #2 bought stocks. After one week, the stock investor was up and the gold investor was licking his wounds but what about the second week?

How Gold Performs During a Republican “Sweep” in Washington

We still see rising gold and silver prices ahead, with predictions of gold hitting $3,000 per ounce by the end of the next year.

We Should See $3,000 Gold in 2025 and Silver Well Over $40!

Due to the chronic difficulty of cutting spending, lowering the federal debt, containing inflation and achieving less global turmoil, despite the apparent clean sweep by Republicans in 2024.

If You Want to Sell Your Coins, It’s Best to Wait Until the New Year!

With gold and silver prices continuing to rise, some investors may be tempted to sell now, or in the coming holiday season to fund some gift shopping. A better solution would be to give gold and silver coins as gifts to family members but if you are planning to take profits on your coins, a better solution is to wait until the spring.

What Caused This Big Surge in Gold and Silver – Starting in October 2023?

It’s not too late as I see gold moving beyond $3,000 an ounce in 2025 and silver moving higher than $40 per ounce. Additionally, I see our 20/20 strategic rare coin program continuing to rise, in many cases even faster than gold in 2025.

The Future of Gold Is Still Shining

Global conflict, runaway inflation and soaring debt are taking a toll. Bank of America and Citi analysts and I all agree that gold will surpass $3,000 an ounce in 2025.

Gold Exchange Standard Ended in 1971, Causing Gold to Soar

Since President Richard Nixon took America off the gold standard in 1971, gold has risen 76-fold, to $2,655 over the past 53 years, while CPI inflation is up just 7.7-fold. That means gold has risen at almost 10 times the pace of overall price inflation.

Goldman Sachs Predicts $2,973 Gold in 2025

Three months ago, Citigroup predicted $3,000 gold in 2025. Now, Goldman Sachs has joined Citigroup by raising their price target on gold. Goldman announced on Monday, September 30, that it has raised its gold price forecast by $200 per ounce, from a previous $2,700 to $2,900 for early 2025 and to $2.973 for the full year.

Federal FY 2024 Ends Monday – With $2 Trillion in Red Ink! Does Congress Care? Does Either Candidate Care? Do the Voters Care?

The United States has gained over $20 trillion of our total $35.4 trillion national debt in the past 16 fiscal years and nearly $11 trillion in red ink over the past five years. Imagine that!

Gold Tops $2,600 and Silver Surpasses $31: What’s the New Story (If Any)?

Bank of America instructed investors to “do what central banks are doing ... buy gold,” just like we have been advising here for years. They also pointed out (as we did recently) that, “Gold is now the second-largest reserve asset (16.1% vs. 15.6% for the Euro) among all central bank reserves.”

Gold Passes Euro As Second-Biggest Central Bank Holding - Behind Only the U.S. Dollar

For years, there was more total value held in euros than gold but since 2013, the total central bank holdings in euros have shrunk sharply and gold has now surpassed the euro as the number two holding by global central banks.  This demonstrates that central banks have been voting for the world’s oldest and best currency, gold. As I have said for quite some time, if gold is good enough for countries around the world to invest in, you should be adding it to your portfolio on a regular basis, as well.

August Market Review and Year-to-Date Metals Performance

By the end of August, most stock markets were modestly up, as if nothing had happened, but gold and silver were like “Old Man River.” Both just kept rolling along, surpassing all the stock market indexes, plus outperforming crude oil and the U.S. Dollar Index.

Gold’s Continued Rise Keeps It A Solid Investment Buy

Gold reached another all-time high on Monday, August 26, trading above $2,520. Silver also rose popping back above $30 per ounce for the first time since July 17, as the U.S. dollar has fallen over 5% so far in July and August, boosting gold by nearly 10% in the last two months.  In the futures market, the December 2024 gold contract rose $44 on Monday to trade at $2,552.70.

Gold hit a new all-time high and doesn’t seem to be retreating, while the dollar has weakened this summer, assisting in gold’s rise in price. I will write more on this next week, so be sure to sign up for my weekly Metals Market Report to stay up to date.

Mike and Our Team Win the Prestigious PNG Sol Kaplan Award Again

This year, I was part of a team that won the Professional Numismatists Guild’s (PNG) 2024 Sol Kaplan Award for combatting a major example of mail fraud and theft involving valuable coins shipped using the U.S. Postal Service to our customers over the past few years.

July Market Review – As We Enter August’s “Stock Market Hurricane Season”

During the first few days of August, the stock market has suffered the onset of its annual “hurricane season” as August and September are typically the two worst months of the year in stock market history – as well as two of the best months, historically, for gold’s performance.

Holding a Coin is “Like Holding History in Your Hands”

There are many ways to hold history in your hands. My parents and I collected the signatures of famous people, including Presidents of the United States. Some people collect first editions of classic books or original works of art. To me, nothing speaks of history more than a specific mint mark and date on a rare American coin, along with the obverse and reverse sculptures and the stories behind them.

Gold Price Indicates More Growth Ahead For Investors

After setting another all-time high above $2,470 last Wednesday, July 17, and remaining above $2,450 during most of the Republican National Convention, gold took a predictable step back after the euphoria of the convention ended, dipping briefly below $2,400 on Friday, July 19 before closing at $2,410 on Tuesday, July 23.

We Change Our Gold Performance Chart for the First Time Since 2008

Gold has doubled the S&P 500 and silver has doubled the Dow during a time of rising rates – yet the news this Wednesday morning still says gold is up “on speculation the Fed will begin interest rate cuts in September.

Recapping Why Gold Will Break $2,500 in 2024

As I head off to Freedom Fest, I thought I would update my 10 reasons why gold will top $2,500, first published here in April (Week 1).

Report on the Markets in the First Half of 2024

Precious metals had a spectacular first half of the year. Gold is well on its way to our predicted price of $2,500 by the end of 2024, and silver has already reached our $30 target, surpassing all stock indexes

Gold is Staying Above $2,300

Gold is Staying Above $2,300 as we approach the midpoint of 2024, so it is still within shouting distance of mine and Steve Forbes’ prediction of $2,400 to $2,500 gold for the calendar year “and even higher if the ‘wrong team’ wins the November election.”

We Won Another Numismatic Literary Award – For This Newsletter!

Another reason why it pays for customers to deal with our companies is they receive our free award-winning Metals Market Report each month. It also appears weekly on the homepage of our website. This report has won numerous awards over the years and most recently was awarded first place at the 2024 Press Club of Southeast Texas Awards Banquet for our newsletter titled, “Gold Rising and Poised for More Gains,” based on our October 2023 collaborative meeting with Steve Forbes. We both called for $2,400 to $2,500 gold in 2024, “and even higher if the ‘wrong guys’ win the election,” a prediction made when gold was $1,960 an ounce.