Gold Has Nearly Doubled... Could It Still Go Higher

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Gold and silver have been on a tear this year but is the run finished or just getting started? In this episode, I bring back David McAlvany of the McAlvany family/McAlvany Group a team with roots in precious metals all the way back to the 1970s, when they helped push for U.S. gold ownership to be re-legalized on January 1, 1975. With more than 50 years across gold, silver, platinum, and palladium and experience managing hard-asset equity strategies David joins me to separate signal from noise so we can make smarter moves right now.

We dig into the critical difference between owning physical metals as wealth insurance and owning miners for growth. David explains why miners can be a powerful accelerator during the right 10% of the cycle (and a headache the other 90%), why balance sheets and geography matter, and why technical "overbought" doesn't automatically mean "topping out" when an asset is still massively underowned. You'll hear how central banks have been setting the tone for gold's move while many investors are only just waking up despite mainstream voices starting to shift. David cites changing frameworks from big names on Wall Street, including calls for double-digit gold allocations alongside stocks and bonds, as a sign of a deeper regime change in how portfolios are being constructed.

We also unpack silver's catch-up phase. You'll learn the key gold-to-silver ratio levels David watches (why ~80:1 suggests silver value, why sustained moves into the 40s–50s can mark overheating, and how 2011's ~31:1 print showcased silver's potential outperformance). If you've felt like you "missed it," we cover a practical path: using ratio and premium trading to compound ounces over time swapping between metals when the ratio stretches to grow your stash without trying to time every price wiggle. That can function like "synthetic cash flow" from a non-cash-flowing asset.

Curious about the white metals? David walks through platinum and palladium's industrial ties, why multi-year supply deficits matter, how changing EV versus internal-combustion assumptions ripple through demand, and where these metals may fit for diversification. We also tackle the popular question: Is crypto the new gold? David lays out how bitcoin has behaved like a risk asset during equity selloffs while physical gold has held up as true portfolio insurance.

Finally, we talk legacy. David's "ripple effect" centers on stewarding both tangible and intangible wealth character, values, and family culture alongside the ounces, shares, and properties. If you want metals to play the right role in your plan hedging inflation, dampening volatility, and giving you optionality this conversation gives you the frameworks and numbers to act with confidence.

If you're serious about building passive income and becoming work-optional, understanding how to position precious metals in 2025 is essential. Tune in to learn when physical shines, when miners can add torque, how to read the ratio, and how to compound intelligently without betting the farm. David's links: Website: https://davidmcalvany.com/ Facebook: https://www.facebook.com/DavidMcalvany/ X: https://x.com/davidmcalvany