-- CNBC
But the media and the so-called experts prattle on about dollar weakness.
... [Gold] Bullion surged 64% in 2025, its biggest annual gain since 1979, driven by Fed rate cuts, geopolitical tensions, strong central bank buying, and rising ETF holdings. ...
Spot silver advanced 4.6% to $74.52 per ounce, after hitting an all-time high of $83.62 on Monday, while platinum jumped 4.7% at $2,150.46 per ounce, after rising to an all-time high of $2,478.50 on Monday.
Both metals recorded their best year ever, with silver leading by posting 147% annual gains, driven by its designation as a critical U.S. mineral, supply shortages and low inventories amid rising industrial and investment demand. ...
More.
Meanwhile in more traditional investments in 2025:
VMMSX +35.66% emerging markets fund
VTIAX +32.18% total international stock index fund
VGENX +20.62 energy fund
VFIAX +17.83 Vanguard 500 index fund
VGHCX +17.31 healthcare fund
VTSAX +17.12% total stock market index fund
VFICX +9.53% intermediate term investment grade bond fund
VWESX +7.18% long term investment grade bond fund
VBTLX +7.15% total bond index fund admiral
VBMFX +7.03% total bond index fund investor
VFSTX +6.73% short term investment grade bond fund
VMRXX +4.23% money market fund
VGSLX +3.19 real estate fund.
... Spot gold declined 1.4% at $4,470.56 per ounce, after hitting a record high of $4,549.71 on Friday. ...
Spot silver shed 4.8% at $75.32 per ounce, retreating from an all-time high of $83.62 hit earlier in the session. ...
Spot platinum fell 6% to $2,305.15 per ounce, after rising to an all-time high of $2,478.50 earlier in the day, while palladium plunged 13.2% to $1,669.11 per ounce. ...
More.
... Spot gold was down 0.4% at $4,468.96 per ounce, after marking a record high of $4,525.18 earlier in the session. ...
Silver prices have surged 147% year-to-date on strong fundamentals, outpacing bullion’s gain of over 70% during the same period. ...
Silver hit an all-time high of $72.70 but was last down 0.8% at $70.86 an ounce. ...
More.
But hey, what do you expect from MarketWatch?
... As more commodities get priced in yuan instead of dollars, demand for dollars softens. As central banks diversify into gold, they buy fewer Treasurys. As fewer foreigners buy U.S. debt, interest rates drift higher. As the dollar’s purchasing power erodes, everything you import costs more. ...
This, like most of the story, is a load of BS.
Global demand for U.S. debt is at an ALL TIME HIGH, a record $9.2 trillion in the last three months through October.
You'll know the yuan has replaced the dollar when the world buys Chinese sovereign debt instead of ours. And right now the world owns less than $300 billion of Chinese sovereign debt, billion with a B, not trillion with a T.
Nobody trusts China like they trust us.
The writer, who owns gold and silver, wants you to dump long term bonds and buy short term bills and . . . gold and silver. Gee, what a coincidence.
Meanwhile foreign governments continue to prefer long term U.S. Treasuries and own relatively few bills.
And the dollar is relatively strong, not weak as the writer says, in November 2025.