Gold and gold miners exploded higher in 2025, leaving many latecomers to wonder if they missed the boat — but veterans in the space say the rally is far from finished. A recent Forbes piece points out that bullion surged roughly 65% last year while miners, via broad ETFs, more than doubled, and a longtime gold fund manager argues the current cycle is different from past runs.
Daniel Oliver of the Myrmikan Gold Fund makes a pointed case: unlike prior commodity cycles, rising input costs may not crush mining margins this time because gold is outpacing industrial commodity inflation. He highlights a regime where short-term Fed easing coincides with higher long-term yields, a mix that can tighten credit growth and favor gold over cyclical commodities.
Conservative readers should understand why this matters: decades of loose monetary policy and political handouts have eroded trust in the dollar and pushed both central banks and private investors into real assets. Multiple reports show official sector buying and institutional demand are structurally tightening the available supply, turning gold from a speculative bet into a sensible hedge against Washington’s money printing.
The mining companies themselves are acting differently than in past bubbles — disciplined managements are using windfall cash to shore up balance sheets, pay dividends, and buy back stock rather than wildly overpay for growth. That pragmatic shift means shareholders now have a clearer path to real returns instead of the dust and disappointment that followed earlier rallies.
Yes, no market is without risk, and valuations can get stretched after a monster year, but the mechanics here aren’t the same as a frothy tech boom; miners still trade at discounts relative to historical norms despite enormous rallies. Big ETFs and majors leading the charge make it easier for patriotic savers to get exposure without gambling on single-name volatility.
Forget the patronizing headlines from the coastal elites telling you to stay in paper wealth; hardworking Americans need practical defenses for their paychecks and pensions. If Washington keeps treating money like Monopoly chips, owning a piece of the real economy — physical metal and miners who actually produce it — is not radical, it’s prudent.
The message is simple: this rally looks different, and the policy failures that made gold necessary are still with us. For Americans who value thrift, sovereignty, and the integrity of their savings, gold and well-run miners deserve serious consideration as part of a conservative plan to protect wealth from Washington’s fiscal and monetary excesses.
