$4,000 Gold: The Bull Market We Saw Coming and the Fortune Still Ahead
Contributed Opinion

1. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Avino Silver & Gold Mines Ltd.
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When we started beating the drum for gold and silver years ago, the mainstream financial world treated us like we were broadcasting from another planet. The "smart money" was busy chasing tech valuations to the moon and pretending government debt didn't matter. Precious metals were dismissed as relics — shiny distractions for doomsday preppers.

At the time, gold was stuck in the $1,600–$1,800 range. Silver was limping along near $20 an ounce. Nobody wanted them. That was exactly why we did.

And now?

Gold has rocketed past $4,000 per ounce. Silver is storming toward the legendary $50 mark for the first time in nearly half a century. The world is finally waking up to what we've known all along: when trust in the system starts to fracture, real money takes the throne.

The best part? We're not at the finish line. We're still in the early innings.

Gold's Breakout Is No Accident

This record-breaking run isn't a product of hype or speculation — it's the consequence of years of reckless monetary policy finally colliding with reality. Central banks have been printing their way out of every problem. Politicians have been spending like tomorrow doesn't exist. And investors have been whistling past the graveyard, convinced that the house of cards would never fall.

But gold doesn't care about spin. Gold listens to the pulse of global trust. And right now, that trust is cracking.

Across the globe, central banks are buying gold at the fastest pace in over half a century. Nations are diversifying away from U.S. Treasuries and dollar reserves, hedging against mounting debt and geopolitical uncertainty. Sovereigns that once measured their financial strength in greenbacks are now measuring it in ounces.

That tidal shift is why gold didn't just drift higher — it broke orbit. Pushing through $4,000 wasn't a surprise. It was inevitable.

Silver's Awakening — The Underdog That Refused to Die

While gold has taken the spotlight, silver has been the dark horse, quietly building strength. Now it's charging forward with the ferocity only silver can deliver.

For decades, silver has been treated like gold's volatile little brother — but that narrative is changing fast. Silver isn't just a store of value anymore; it's an industrial workhorse. It's in everything from solar panels to electric vehicles to next-generation electronics. The transition to a green economy doesn't happen without silver.

Demand is rising globally while new supply remains stubbornly flat. Mines can't just turn on a faucet and flood the world with fresh metal. This mismatch between growing demand and tight supply is setting the stage for something extraordinary: a silver squeeze that makes past rallies look tame.

As gold sets records, silver is positioning itself to break its own chains. Once it tears through $50 — a ceiling that's held for nearly 50 years — there's no telling how high it can run.

Why This Rally Still Has Legs

Big rallies like this tend to follow a rhythm. At first, no one believes. Then they doubt. Then they chase. And finally, they panic to get in.

We're in that crucial second stage now — where disbelief is turning into grudging acceptance, and acceptance will soon turn into a flood of capital.

Inflation may cool on paper, but structurally, the forces driving it are still alive and well. Government deficits are exploding. Debt servicing costs are ballooning. Confidence in fiat currencies is eroding as the world watches Western policymakers play a dangerous game of fiscal chicken. And behind it all, the Fed is signaling a return to rate cuts — a green light for gold and silver to keep climbing.

These are not the ingredients of a short-term blip. This is the foundation of a secular bull market in precious metals.

Why the Smartest Money Is Already There

The savviest investors in the world don't wait for CNBC to tell them it's time to buy. Central banks, sovereign wealth funds, and deep-pocketed institutions have been front-running this move for months.

They see the same writing on the wall we do: a weakening dollar, a fragile bond market, political chaos, and an economy increasingly addicted to cheap money.

They're not buying gold at $4,000 because it's "hot." They're buying because they know what happens next: higher highs, wider spreads, and a monetary reset that favors hard assets over hollow promises.

The crowd — the retail investor who always arrives fashionably late — hasn't piled in yet. But when they do, the stampede will make today's rally look like a warm-up.

Newmont Corporation: The Heavyweight Titan

If gold is the king of safe havens, Newmont Corp. (NEM:NYSE; NGT:TSX; NEM:ASX) is its crown jewel.

This is the world's largest gold producer — a mining powerhouse with operations spanning multiple continents, including some of the most politically stable, resource-rich regions on Earth. Its 2023 merger with Newcrest added some of the most valuable gold and copper assets in the Southern Hemisphere, positioning Newmont as the undisputed giant in this space.

But scale isn't the whole story. With gold now above $4,000, Newmont's already impressive free cash flow is set to balloon. At $2,000 gold, Newmont was pulling in billions annually. Doubling the gold price transforms those margins from healthy to extraordinary. Every incremental move higher is pure profit.

This isn't just a miner — it's a cash-flow machine, a dividend payer, and a global anchor for institutional capital. In a bull market, it becomes the gold stock everyone wants to own.

Gold Resource Corporation: The Small Cap With Big Torque

For investors who like a little adrenaline with their upside, Gold Resource Corp. (GORO:NYSE.American) is built for this moment.

GORO operates lean, with producing assets in Mexico and exploration upside in Nevada's highly prospective Walker Lane trend. Unlike bloated majors, it doesn't carry a ton of baggage. When gold moves up, the extra cash goes straight to the bottom line.

The company's Don David mine has provided a solid production base for years, but the real excitement lies in its pipeline of new exploration targets. If even one of those pans out during this bull cycle, the leverage could be explosive.

Small-cap producers like GORO thrive in precisely this kind of environment. Their margins expand quickly, their valuations re-rate dramatically, and retail capital tends to flood in once momentum builds.

Apollo Silver: America's Sleeping Giant

On the silver side, few names are better positioned than Apollo Silver Corp. (APGO:TSX.V; APGOF:OTCQB).

Its flagship Calico Project in California is one of the largest undeveloped silver deposits in the United States. In a world increasingly focused on securing domestic supply chains, that matters. This is the kind of asset that institutional investors and strategic partners start circling when silver gets hot — and it's getting scorching.

Apollo has already defined a large, shallow resource, with exploration suggesting there's more to be found. As silver pushes toward $50 and beyond, this project's economics get better by the day.

This is the kind of junior that can move fast. And in silver bull markets, these are often the names that go vertical first.

Avino Silver & Gold Mines: The Veteran Producer

If Apollo is the wild card, Avino Silver & Gold Mines Ltd. (ASM:TSX.V; ASM:NYSE.MKT; GV6:FSE) is the steady hand on the wheel.

This company has been mining silver for more than half a century from its flagship operations in Mexico. It's not a flashy newcomer — it's a seasoned producer with a proven track record.

Avino's recent drilling success has uncovered high-grade zones that could extend the life of its flagship mine well into the next decade. It carries low debt, runs lean operations, and has been steadily increasing production as prices rise.

When silver prices spike, Avino's profitability can scale dramatically without the long delays of development projects. It's a workhorse stock — the kind that quietly compounds while more speculative names swing for the fences.

The Next Phase of the Metals Boom

If you've been with us from the start, you've already seen how quickly these rallies can build real wealth. Many of our readers have doubled or tripled their positions over the past few years. And the ironic thing? The biggest gains usually come after the headlines start breaking — not before.

We're standing at the threshold of the mania phase. Gold's breakout past $4,000 has put the sector back on the radar. Silver's march toward $50 is turning heads. The capital flows we've been waiting for are finally starting to accelerate.

For new investors, this is the last clean entry point before the floodgates open. For those already positioned, this is the time to hold strong and let the bull run do its work.