Gold & Silver

Why $10,000 Per Ounce Could Be Coming

June 17, 2025

For two decades, Mike Maloney has been waiting for this moment.

The bestselling author of The Great Gold and Silver Rush of the 21st Century believes gold has just entered the third and final stage of its massive bull market — the stage where it makes its greatest gains in the shortest period of time.

“I’ve been waiting a long time for this,” says Maloney, who started investing in gold in 2002 and founded GoldSilver in 2005. “And the evidence is there.”

The Three Stages of Gold’s Bull Market

According to Maloney’s analysis, every major gold bull market follows three distinct stages:

Stage 1: Smart money quietly accumulates while the masses ignore gold

Stage 2: Institutional investors begin to take notice

Stage 3: Media attention triggers a public stampede

We’ve just entered stage three.

The evidence? Gold is suddenly everywhere in the financial media. Barron’s featured gold on its cover in April. The Financial Times is running front-page stories. Even the Wall Street Journal — traditionally skeptical of gold — is now telling readers how to invest in it.

“Many Wall Street professionals now recommend having at least a small portion of gold in your portfolio,” Maloney notes, “even though it has been the number one performing asset class of this century.”

The “Giffen Good” Phenomenon: Why Gold Becomes Unstoppable

What makes stage three so explosive? Maloney explains that gold is a “Giffen good” — a rare asset that creates MORE demand as its price rises.

“When the price falls, nobody wants them. But when their prices rise, everybody wants them.”

This creates a self-reinforcing cycle. As prices rise, two emotions take over:

Greed: People see gains and want in

Fear: People buy to protect wealth from uncertainty

Eventually, sellers vanish from the market entirely. People hold their gold tighter, creating supply shortages, causing more panic buying, driving prices higher still.

What Happened Last Time: The 1979-1980 Gold Rush

The last great precious metals bull market shows what’s possible.

On December 3, 1979, gold broke its previous high of $426. Over the next 29 trading days, it soared to $873 — more than doubling in less than a month.

Time magazine called it “one of the most dazzling run-ups in history.” Maloney remembers watching helicopter footage of lines stretching around city blocks as people waited to buy gold, “lines being compared to those for Star Wars.”

Why This Time Could Dwarf the 1970s

Here’s where Maloney’s analysis gets stunning. Compared to 1980, today we have:

55x more currency in circulation

31.5x more assets under management

Maloney’s conservative calculation: There’s about 50 times more currency available for gold investment today than in 1980, yet the amount of available gold has only doubled.

That’s 25 times more currency per ounce.

“Almost all of the newly created currency went to people who are already well off — people who have significant assets to protect,” Maloney notes. “These are the people who will seek the safety of gold and silver in the next crisis.”

Wait! Don’t Forget Your Free Book

Mike Maloney’s #1 all-time bestselling investment guide.

The $10,000 Question

If the 1970s bull market drove gold up 25 times with only 1/25th the currency per ounce chasing it, what happens this time?

Add in:

Instant global news and trading

Rising geopolitical tensions

Gold’s unique response to fear and uncertainty

“I’ve gone over this hundreds of times and I keep coming to the same conclusion,” says Maloney. “The great gold and silver rush of the 21st century is absolutely going to take your breath away.”

His prediction? Gold could soar past $4,000, $5,000, even $10,000 per ounce.

The Window Is Open

After 20 years of research and preparation, Mike Maloney believes the moment he’s been waiting for has arrived. Stage three has begun.

“For every ounce of gold and silver you own today, you are going to be able to buy many, many times more stocks, bonds, real estate, and businesses down the road.”

The question isn’t whether gold will rise — it’s whether you’ll be positioned before the stampede starts.