At the start of the year, analysts at The Gold & Silver Club boldly declared that 2025 would go down in history as “The Year of Gold.”
Ten months on, that call looks prophetic. Gold is not only having a phenomenal year – it is staging one of its most explosive rallies since the late 1970s, when the precious metal last went parabolic.
Gold’s performance has been nothing short of historic. After chalking up 39 all-time highs in 2024 – matching the frenzy seen during the Global Financial Crisis peak in 2011 – the yellow metal has already eclipsed that record this year.
So far in 2025, Gold has smashed through 42 fresh all-time highs, officially surpassing last year’s tally. That makes 2025 its strongest yearly rally in over half a century. To put it in perspective, across the past 22 months, Gold has posted an astonishing 81 record highs – the equivalent of four new all-time highs every single month for nearly two years straight. That pace of wealth creation is unprecedented!
As Lars Hansen, Head of Research at The Gold & Silver Club, explains: “We are living through a once-in-a-generation opportunity. Gold’s bull market is only accelerating. Those positioned now stand to capitalize on the greatest wealth transfer of our lifetime.”
Gold just surged above $4,000 an ounce for the first time ever – a jaw-dropping milestone for a metal that traded below $2,000 just two years ago. With year-to-date gains exceeding 50%, Gold’s returns have left equities, bonds and real estate trailing far behind.
In response, The Gold & Silver Club has raised its official Gold price target to $5,000 an ounce, describing it as a “conservative base case” for the current cycle. In a note to clients, GSC analysts wrote: “We are witnessing the early stages of Commodities Supercycle 2.0 – and Gold is the flagship trade. A breakout toward $5,000 should no longer be viewed as extreme, but as the expected outcome.”
History lends weight to this forecast. Between 1976 and 1980, Gold prices quadrupled in just four years. With today’s convergence of macroeconomics including Fed rate cuts, fiscal instability, soaring debt and unprecedented Central Bank buying – similar returns are firmly on the table.
As Gold rockets into uncharted territory, the world’s largest financial institutions are scrambling to advise clients. UBS recently reiterated its “attractive view on Gold” and recommended allocations of up to 10% of portfolios.
Billionaire hedge fund titan Ray Dalio, went further urging investors to allocate 15% of their portfolios to Gold, calling it a hedge against credit-driven assets and a “protector of real returns.” Dalio warned that the metal’s surge signals a global shift away from fiat currencies, echoing the seismic shifts of the 1970s.
But the boldest call comes from Morgan Stanley, proposing a 60/20/20 portfolio split – giving Gold equal weight with bonds, a radical departure from the traditional 2% allocation.
According to GSC’s Lars Hansen: “Futures positioning shows traders are bracing for Gold not only to smash through $5,000, but to rocket higher in 2026. The $5,000 milestone is not a question of ‘if’ but ‘when’.”
Wall Street consensus is converging: Q4 2025 will go down as the quarter Gold broke into uncharted territory. For traders, the setup is asymmetric, generational and unfolding in real time.
As GSC’s Hansen concluded: “Gold at $5,000 is no longer a bold prediction – it is a high-conviction call”. The only question is whether you will seize this opportunity before the breakout leaves you behind?
Phil Carr is co-founder and the Head of Trading at The Gold & Silver Club, an international Commodities Trading, Research and Data-Intelligence firm.