Missed the Boat on Gold? Here’s What You Can Do

Gold is hitting new all-time highs against the dollar and it’s ready to break through $3,000. If you’re feeling FOMO (fear of missing out), don’t worry. There are still great opportunities for investors.

First things first: you haven’t really “missed the boat” when it comes to owning gold. As long as governments around the world continue to print fiat currency units, it will continue to make sense to hold some gold.

Gold just happens to be in favor in the mainstream press at the moment, but it wasn’t always that way. In September of 2022, The Wall Street Journal declared that gold had lost its status as a haven for investors; since then, the gold price has nearly doubled against the U.S. dollar.

Besides, the rally in gold isn’t just a random occurrence or a short squeeze. The government printing up unprecedented amounts of money in response to the 2020 pandemic, and while the pace of printing has slowed down since then, it certainly hasn’t stopped.

Moreover, there have been shortages of available physical precious metals due to high demand. Sprott Money observed, “Something is happening in the #gold & #silver #markets. Deliveries are delayed, lease #rates are soaring, and institutions are scrambling for physical #metal.”

Meanwhile, gold bug Peter Schiff recently offered an interesting perspective. “With gold trading at $2,940 and silver still down at $32.22, the gold-to-silver ratio is over 90 to 1. Since gold is highly likely to continue rising, an explosive catch-up move in silver is likely soon,” he wrote on X.

Schiff added, “So if you think you missed the boat on gold, just buy some silver instead.” Of course, it’s not an either-or scenario, and it’s fine to buy both gold and silver. Still, the point is duly noted and it might make sense to emphasize silver in your portfolio this year.

Courtesy: @burrytracker

If you thinking of buying silver “instead of” gold, just keep this in mind. Central banks around the world are purchasing physical gold in record numbers – is it possible that they’re bracing for big changes this year?

Schiff makes another point and offers another approach for anyone thinking they “missed the boat” on gold. He notes, “Gold stocks are ridiculously cheap. Gold is 4% higher than its record high set in Oct. 2024. Yet GDX [a fund that tracks gold mining stocks] still has to rally 6% from here just to get back to its Oct. 2024 high.”

In other words, gold mining stocks should soon play catch-up to the physical gold price. Schiff further explains, “GDX earnings are expected to grow 60% in 2025, but that’s based on $2,650 gold. It’s already over $2,900.”

Granted, it will help gold stocks if the gold price continues to rally in dollar terms. Ultimately, you should expect gold to gain value, or at least not lose value, if you’re buying gold stocks.

But then, even after its recent rally, gold still has plenty of room to run. Take a look at this chart of gold against the NASDAQ and you’ll see what I’m talking about:

Courtesy: @MrWWolfe

The U.S. technology stocks that comprise the NASDAQ have been the darlings of the market for a long time. Gold has been largely overlooked – and if you’re a contrarian investor, you should be interested in valuable but overlooked assets, not darlings of the market.

And if gold has the potential to move much higher, both silver and gold mining stocks are likely to make magnified moves. If I’m right, there will be a slingshot effect and the media will suddenly pay a lot of attention to gold and silver.

I can’t guarantee any specific outcomes, but it’s exciting to consider what should happen through the rest of the year. The hardest part is timing the exact price moves, so I don’t try to play that game.

Instead, I just position myself whenever I see a “heads I win, tails I win more” scenario. I’m seeing this play out right now, and the last thought on my mind is that I somehow “missed the boat” on gold.