Wall Street is calling for gold at $5,000, but what they didn't tell you is: the real windfall isn't in gold bars, it's here...

Gold has just hit $4,467 per ounce.
Silver reached $68.90 per ounce.
Both have hit all-time highs.

Several Wall Street banks predict that gold could surge to $5,000 per ounce by 2026.
But what they didn’t tell you is—the real opportunity may not lie in gold or silver itself, but in the miners.
And these miners are still undervalued.

Let me explain. 

Numbers don’t lie:
📈 Gold: $4,467 (YTD return +69%)
📈 Silver: $68.90 (YTD return +132%)
📈 Gold miners ($VanEck Gold Miners ETF(GDX.US) ): YTD return +153%
📈 Silver miners ($iShares Silver Tr(SLV.US) ): YTD return +113%

Silver has been the star performer of 2025.
The gold-to-silver ratio is currently around 79:1, still above the 25-year average of 69:1.
In other words: Silver remains relatively cheap compared to gold.

Why this rally has "staying power":

1️⃣ Central banks have been buying over 1,000 metric tons of gold for the fourth consecutive year
2️⃣ The Fed has cut rates to 3.5%, with more room for cuts expected in 2026
3️⃣ Silver has seen a supply deficit for the fifth straight year
4️⃣ Industrial demand (solar panels, EVs, electronics) is at record highs

This isn’t just speculation—it’s a structural shift.

The "consensus" on $5,000 gold:

• J.P. Morgan: $5,055
• Goldman Sachs: $4,900
• Bank of America: $5,000
• Deutsche Bank: $4,950
• HSBC: $5,000

When nearly all major banks agree on a direction, it’s worth noting.
From current levels, gold alone has about 12–15% upside.
And mining stocks typically have 2–3x leverage to gold prices.

This year’s top-performing mining stocks:

Hecla Mining ($Hecla Mining(HL.US) ): YTD return +321%
Kinross Gold ($Kinross Gold(KGC.US) ): YTD return +221%
First Majestic ($First Majestic Silver(AG.US) ): YTD return +226%
Barrick Mining ($Barrick Mining(B.US) ): YTD return +199%

These aren’t meme stocks—they’re generating record levels of free cash flow.
Kinross trades at just ~12.4x forward P/E, still in value territory.

The investment case for silver:

The Silver Institute confirms: Silver market has been in deficit for the fifth straight year.
Annual demand exceeds supply by over 100 million ounces.

• Solar panels need silver
• EVs need silver
• Electronics need silver
• Mine production is declining

Supply is shrinking while demand is surging—prices naturally follow.

This isn’t about chasing short-term spikes—it’s about positioning in quality names with real profits.

✅ Core holding: Newmont ($Newmont(NEM.US) )—one of the cheapest large-cap miners at ~16x P/E
✅ Growth: Kinross ($Kinross Gold(KGC.US) )—~12.4x forward P/E
✅ Silver: Pan American ($Pan American Silver(PAAS.US) )—a top-tier silver producer
✅ Diversification: Gold via $VanEck Gold Miners ETF(GDX.US), silver via SLV

The contrarian reality:

When nearly everyone is bullish on gold, it usually means the "easy money" has been made.

But the key point is—mining stocks haven’t fully priced in gold’s rally yet.
Historically, early bull markets see gold move first, followed by miners outperforming.
We’re now at the stage where this cycle is accelerating.

Conclusion:

Gold reaching $5,000 per ounce is no longer a question of "if" but "when."

The Fed is cutting rates, central banks are buying gold, silver is in a supply crunch, and miners’ cash flows are at record highs.
Any pullback to the $4,200–4,300 range could be a buying opportunity.

Structural bull markets don’t end during the "consensus" phase—
they end at the moment of true euphoria.
And we’re not there.

If you found this valuable, please like and share—thank you for your support!
Investing from Zero (Andy)
Daily market insights to keep you ahead in your investing journey.

🏆 Achievements (Hong Kong’s only):

• 50,000+ social media followers
• Full-time trader
• 10+ investment competition podium finishes (global & local)

1. Single-month return of +1100%
2. Praised by professional analysts
3. Covers HK/US stocks, warrants, CBBCs, ETFs
4. Five-day return of +453%
5. Author of investment book forewords
6. Former financial program guest, active on social media