Gold just crossed $5,000 an ounce for the first time in history. And just days before that, silver hit $100 an ounce for the first time in history too. Those are not small milestones, and I know what a lot of people feel when they hear that: either regret (“I should’ve done this earlier…”) or fear (“This has to crash, right?”). So I want to give you a clear market update—and more importantly, a way to think about what’s happening so you don’t make decisions from emotion. Not hype. Not panic. Perspective.

Here’s the lens we’re using to measure this cycle. When gold hits $5,000, we believe it marks the beginning of what I’d call the second inning of a broader financial reset. Think about a baseball game—nine innings. Our goal isn’t to predict every move perfectly; it’s to help families understand where we are in the “game” so you don’t sell too early, freeze up, or assume it’s “too late.” A few years ago, we went public with the idea that $50,000 gold is a target price investors should at least have in mind. And I’ll be the first to tell you: on Wall Street, you don’t usually say something like that. Analysts don’t like being far outside the crowd. You don’t get credit for being early, and if your number is too high, people call you foolish. So why even talk about $50,000? Because of behavior—and because of history.

The Bible says, without a vision, people perish. We were concerned people would see gold move to $3,000… $4,000… $5,000… and assume they should trade out early. But when you look through history’s lens—especially when a country reaches the point where it can’t pay its debts—we haven’t been able to find an example where gold didn’t ultimately reprice dramatically higher in that currency. Whether you’re talking drachma, escudo, peso—when the debt becomes unpayable, the currency gets obliterated and gold adjusts in a way most people can’t imagine beforehand. And as uncomfortable as it is to say, even though the U.S. dollar feels “sacred” in global finance, the debt patterns we’re living with look increasingly similar to the patterns that ended other fiat currencies.

That’s why this $5,000 marker matters. Not because it’s a guaranteed “top,” and not because gold can’t pull back—it absolutely can—but because it’s a signpost. It suggests we’re moving into a new phase of the cycle. And since our last update, a handful of developments have reinforced that reality. You’ve got Ray Dalio back on the tape saying the financial system is breaking down and reminding people again to consider gold. You’ve got Denmark’s pension fund essentially saying U.S. Treasury debt is no longer a suitable asset for investors—think about that, a major ally calling our debt “uninvestable” because of financial carelessness. You’ve got countries like Poland making a deliberate push to build gold reserves as a foundation for long-term stability. And you’ve got major institutions like BlackRock acknowledging pressure in parts of fixed income—so the “safe” places people were told to hide aren’t behaving like safety nets when inflation and debt are this elevated.

Now, I want to point out something most people miss: the speed of this move matters. It took roughly 220 years for gold to reach about $1,000 an ounce. Then it took about 12 years to rise another $1,000. Then about 4 years to hit $3,000. Then about 6 months to hit $4,000. And then less than 4 months to go from $4,000 to $5,000 for the first time. That kind of acceleration makes people nervous—and it should, because “going vertical” often brings volatility. Risk management matters here. Gold could trade lower. Silver could trade lower. We would actually love to see a pullback and a base form, because stability is healthy. And we shouldn’t forget: from 1980 to 2000, gold traded lower for twenty years and lost more than half its value. So no, nothing is guaranteed.

But here’s the other side of that coin: context matters, especially the denominator. When you look at historical examples where currencies weakened under unpayable debt burdens, gold and silver can appear to be “going vertical” at one point—until you widen the lens and realize what’s really happening is the currency itself is losing purchasing power. That’s why, even if a chart looks stretched, you don’t want to make a decision in a vacuum. You want to ask: what’s happening to the currency? What’s happening to debt? What’s happening to confidence?

And this is where something really interesting showed up in the real world. You may have seen the reports—coin dealers and “we buy gold” shops around the country with lines out the door, sometimes down the street. That’s the kind of image people remember from the late 1970s, when those lines were people rushing in to buy, and it marked a top. But what we saw this time looked different: many of those lines were people rushing in to sell gold and sell silver. That’s not greed. That’s fear. It’s retail investors panicking that metals moved too fast and they’re about to crash. And ironically, fear-driven selling from the public is often a very bullish indicator—because it shows the crowd isn’t euphoric. They’re not “all in.” They’re still scared.

So what do we think comes next? We think you’re going to start hearing people talk more about the gold/Bitcoin relationship—when will gold’s value exceed Bitcoin’s value, and what does it take for that to happen? We also think you’ll start to see more separation between asset classes. A lot of assets have looked strong because the system has been flooded with liquidity and debt. But in a more debt-laden environment, not everything performs the same way. And ultimately, that brings us to the most important point: most people misunderstand what hedging is.

Gold and silver aren’t meant to be the center of your financial world. They’re meant to be a hedge—protection—against what could happen to the rest of your portfolio. Yet the mentality we keep seeing is people being terrified they’ll lose money on the hedge. They’re worried their 1% or 2% or 5% in metals might pull back, while ignoring the bigger risk: what happens if the other 95% is exposed to markets, debt, inflation, and systemic stress? That’s backwards. The hedge exists to offset risk elsewhere, and history has shown that when certain financial assets are marked lower in periods of stress, precious metals have often served as a stabilizing counterweight.

Now, does that mean every person should do the exact same thing? No. But we do believe the math and the historical patterns support a more meaningful allocation for many families—often in the 15–25% range, sometimes higher depending on timeframe and goals. And if you’re thinking, “I don’t have cash to do that,” remember you may have options. Many people can transition a portion of older retirement accounts—401(k)s, 403(b)s, IRAs—into a precious metals IRA without needing new cash, simply by reallocating a portion of existing assets. In many cases, that can be structured without creating a taxable event (depending on your situation), and it can be a practical way to diversify into physical gold and silver.

If you want help thinking through what a wise, simple plan could look like for you and your family, reach out to our team and we’ll set up a time to talk—no pressure, just clarity. And above everything else, don’t let fear run the show. Ask God for wisdom, zoom out, look through the lens of history, and make a plan you can live with in peace.

God bless you, and God bless America.