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- All-In On Gold... Again
Even After A 65% Gain, The Precious Metal Has Room To Run
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Up 65% in 2025… Up 2x in two years… Safer than nearly every other asset… Central banks are scooping it up… Porter’s third “all in” moment… Interviewing the #1 expert on the topic… A Venezuela oil update… |
You ain’t seen nothin’ yet.
The price of gold has increased 65% over the last year – starting out 2025 at $2,600 per ounce and ending at $4,400… And it’s got room to grow.
As we reported regularly in the Daily Journal last year, for the first time in nearly 30 years, foreign central banks hold more gold than U.S. Treasury debt as a percentage of reserves. As the chart below highlights, this shift from Treasuries to gold began roughly 10 years ago, and accelerated after the U.S. seized Russia’s reserves following the start of its war with Ukraine. If gold is resuming its role as the world’s preferred reserve asset, history suggests it has much further to run.
Let’s briefly look at why this is happening.