9.30.25 - The Gold Rush of 2025

9.30.25 - The Gold Rush of 2025

Gold last traded at $3,858 an ounce. Silver at $46.65 an ounce.

The Gold Rush of 2025: Where Do We Go from Here? -Daily Reckoning

Happy September 30th. As Q3/2025 winds up, some things are glaringly apparent, and other things are not so clear. What will President Trump say today to those 800-plus generals and admirals that have been summoned to Quantico, Virginia? And what happens if (when) the federal government shuts down tonight? We'll just have to wait and see...

Meanwhile, let's discuss precious metals because, if you've followed the hard-asset focus of Paradigm Press on matters like gold, silver, platinum and mining plays, you've done quite well. Because we definitely caught the wave with the Gold Rush of 2025, so to speak.

Across the world, central banks, businesses, and a whole lot of people are moving wealth into precious metals. So, where do things stand, both with physical holdings and investment angles? Is the golden trend still your golden friend? And where do we go from here? Let's roll...

I suspect that you've noticed... The past nine months have been epic for precious metals. Despite their density, they defied gravity, so to speak.

Gold began the year at $2,645 per ounce at spot (i.e, pre dealer premium); it's now over $3,850, a gain of over 47%.

Silver began the year at $29.60 per ounce at spot; it's now over $47, a gain of about 58%.

Platinum began the year at $995 per ounce at spot; it's now in the $1,600 range, a gain of 60%.

Clearly, if you own physical gold, silver and/or platinum, you are in tall cotton (to mix a plant versus mineral metaphor).