Gold surged more than 10 percent in the first six weeks of 2025, repeatedly setting new record highs. Spot gold touched $2,942 on Monday, according to Kitco, before dropping to around $2920. That’s a 43 percent increase in the past year and another record close.
If you own gold, this is good news because you have made money. If you had been hoping to buy some gold, you may have missed out on the year’s lowest prices. If you any gold jewelry you do not want or is broken, this could be a good chance to sell it. (Try to get at least 90 percent of its melt value.) Gold could drop again, of course, and there are often pull backs in precious metals prices. This is why people recommend buying on the dips.
At the beginning of the year, Gold was expected to hit $3,000 an ounce in 2025. Now some are predicting $3,250 or $3,500.
What does it Mean for Preppers?
Regardless of whether they own gold, preppers must ask themselves, what does this run-up in gold prices mean? Does it mean we are in the middle of inflation, or we will see inflation in the near future? Is the run-up because people fear Trump’s disruptive effect on the global economy and politics? Are people and countries buying gold because they fear war? Does it foretell the end of the dollar as the world’s reserve currency? Is there a gold shortage? (Some argue there may be one in the London gold vaults of the Bank of England. This is why it’s best to own physical gold as opposed to paper gold.)
Gold is soaring because there is fear and doubt. If you prep, consider it a sign to keep prepping. Whether it is war, a recession, some other disruption, or an unjustified fear, having extra food, easy access to clean water, and secure shelter can’t hurt.
