Editor's note: Don't get caught in the moment...
Gold prices have been soaring this year, reaching several new all-time highs throughout 2025.
But when it comes to the precious metal, our friend Nick Hodge, co-founder of Digest Publishing, says you must consider the ripple effects of gold running higher in order to protect your portfolio amid this gold bull market.
In today's Masters Series, Nick explains why it's critical to be adaptable no matter what's happening in the markets...
Gold Is Breaking Records, But the Real Story Is What Comes Next
You can feel it, can't you?
Something has shifted. Gold is trading near an all-time high. Silver is finally making big moves. Copper has been ripping. The government is piling into mining projects like they're buying votes.
And yet, most investors are still sitting on their hands, watching it happen like it's a passing headline instead of a call to action.
I've been investing in natural resources for a long time. And I'm telling you right now, we've entered a new phase. This isn't hype or some flash in the pan. This is a fundamental shift in how governments, institutions, and everyday investors think about commodities, metals, and what they actually mean in a fragile, overleveraged global economy.
Let me show you how I see the landscape right now – and more important, how I'm investing in it...
Let's start with what should be the biggest headline in natural resources: The U.S. government is spending real money on critical minerals.
We have political leaders like former Sen. Joe Manchin calling for 20-year supply plans. We have new programs allocating hundreds of millions of dollars for the government procurement of materials like cobalt, rare earths, and antimony.
And lately, I've seen stories hinting at 100% of production from certain critical metals being earmarked for government purchase. That's a huge signal. This is the government admitting two things: We don't have enough, and we can't rely on China to get it.
The government isn't just funding exploration... It's buying the materials directly. That creates a buyer of last resort – a floor in the market – for companies that can get supply out of the ground.
It's easy to get caught up in the price of gold or silver. "Did I miss it?" people ask me. "Should I wait for a pullback?"
The better question is, why are they going up in the first place?
Last month, gold broke through $4,300 an ounce and silver traded above $54. That's global demand talking.
Meanwhile, the U.S. dollar is still losing its purchasing power due to reckless government spending.
This isn't a gold bug fantasy... It's a monetary reality. The world is finally waking up to the idea that debt-fueled spending, dovish central banks, and geopolitical conflict make real assets more valuable, not less.
So no, you haven't missed it. Not even close.
Now, let's talk about rare earths for a second...
I've been in this sector long enough to know when something's overheated. Rare earths are undoubtedly critical, but I've also seen too many investors chase names with no idea what they're buying.
Do you know which rare earths a company produces? Are they the high-value ones like neodymium and praseodymium? Or the ones with no real market?
This is where discipline matters. I'm seeing companies with valuations that simply aren't justified by their assets or their timelines.
I've done well investing in rare earths before. But this isn't a space for guessing. It's a space that requires absolute precision.
And I don't chase stocks simply because they're trending. I invest where value meets timing. And in rare earths, that window only opens when price and project quality align. That's not right now for most of these names.
I'm tired of hearing about how inflation is "cooling off."
Go buy a steak. Seriously. Go to your local grocery store and look at the price of meat. It's up across the board. Beef, pork, chicken – you name it. Prices are high, and they're staying there.
Now, look at copper, gold, and silver. They're not just following inflation... they're leading it.
The government might say inflation is "under control." But the prices of real-world goods – and the commodities that underpin them – are telling a different story.
That's why I continue to own gold and silver. That's why I'm looking at copper and uranium. Because this kind of inflation – the kind that impacts the things you need to survive – is sticky.
Meanwhile, there's a quiet move happening in the metals space that most investors are missing: Platinum and palladium prices are finally catching up. Take a look...
These are precious metals with industrial utility. They're used in catalytic converters, hydrogen fuel cells, and other clean-energy applications.
And while they've lagged for years, they're currently moving higher. That tells me institutional capital is starting to rotate – not just into gold and silver, but into the broader metals complex.
When gold breaks out, silver usually follows. But when platinum and palladium start moving, that's confirmation of a real, powerful bull market... one that's just getting started.
A lot of people think investing is about finding the next hot stock. That's not how I operate.
I'm not chasing returns... I'm recycling gains.
If I've doubled or tripled my money on a position, I start thinking about where that capital can work harder. What company has a fresh catalyst? Who's about to drill? Who's about to publish a preliminary economic assessment or a resource estimate?
I'm not day trading, I'm strategically repositioning.
That's why I'm still interested in gold and silver stories that are just getting started – even while I take profits on the ones that have run.
You don't have to sell everything. You just have to remain flexible. That's how you make real money in a bull market.
People always ask me, "How do you know when to buy or sell?" The truth is, I don't know when the exact top or bottom is. Nobody does. What I do know is my process. I know what a good company looks like. I know what a real asset looks like. I know what matters when capital starts flowing back into a sector.
I stay patient, I do the work, and I don't get emotional when stocks move up or down. I ask myself: Has anything changed about the thesis?
If the answer is no, I continue to hold. If the answer is yes, I act. That's the only way to survive – and thrive – in a market like this.
What we're seeing right now is the beginning of something big. The government is spending, metals prices are moving, and inflation is showing up in places no one's talking about.
And while the headlines may say "gold nears record high," that's not the real story. The real story is what comes next.
Because when gold runs, silver follows. When precious metals move, base metals often aren't far behind. And when governments start buying, the whole sector rises.
This is where real wealth comes from – not by guessing or chasing, but by doing the work and being ready.
And if you've been waiting for a signal? This is it.
Regards,
Nick Hodge
Editor's note: This situation in precious metals has played out several times before.
But right now, investing legend Rick Rule – the man who made two of the most famous 1,000-bagger trades in history – says a setup is forming in the markets unlike anything he's ever seen.
That's because the White House is now acting as the mother of all tailwinds to those who own the right stocks. So on Tuesday, November 18, Rule will host an online presentation to reveal where you must move your money immediately. Learn more here...
