Full Story What the new gold rush says about our uncertain economy
Oct 27, 2025
In this discussion, Patrick Cummins, an esteemed economics editor, breaks down the recent surge in gold prices and the cues from anxious Sydneysiders lining up to buy. He delves into how gold acts as a safe haven amid global economic turbulence and examines the impact of U.S. political uncertainty on gold demand. Patrick also explains why gold is favored over Bitcoin as a stabilizing asset and addresses concerns over potential market bubbles. This insightful conversation uncovers what today's gold rush reveals about our financial landscape.
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Sydney Queues Show Retail FOMO
- People in Sydney queued for hours to buy gold as prices surged and FOMO spread.
- Buyers ranged from casual gift shoppers to everyday investors hoping to cash in quickly.
Gold's Extraordinary Rally This Year
- Gold is up almost 50% in Australian dollar terms this year, reaching record highs.
- That magnitude of rise is historically extraordinary and partly driven by recent two-month exuberance.
Geopolitics Is Fueling Gold Demand
- Global political and economic shifts are driving structural demand for gold beyond mere hype.
- Uncertainty about US policy, trade wars and dollar devaluation pushes investors toward tangible stores of value.