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Gold has already surged nearly 50% this year, but if you ask Mike Maloney, the move hasn’t even started yet. The headlines may focus on Goldman Sachs, JP Morgan, and John Paulson suddenly calling for $5,000 an ounce, but Maloney says that number is wildly conservative. In his view, given today’s debt levels and the dollar’s fragile standing, $5,000 would actually be a floor, not a ceiling—especially if Trump shakes up the Fed or undermines confidence in the dollar. He points out the irony. For years, the same big banks now touting gold dismissed it outright, calling it a “barbarous relic” when it traded under $1,000. They were wrong year after year, while gold kept climbing. Now, with the trend undeniable, they’ve flipped bullish, and their public calls alone are enough to spark interest from mainstream investors. But Maloney warns that if the political winds shift further against the Fed, those $5,000 targets will look laughably small. The real spark, he says, will come when Western investors finally join the rush. So far, the bulk of demand has come from Asia—central banks and households alike steadily stacking physical metal. If buyers in the U.S., Europe, and Australia move in at scale, panic buying could kick off. That’s exactly what happened in the late 1970s, when a relatively small rotation of capital into gold snowballed into a parabolic spike. At that stage, Maloney expects the flow of money to change direction entirely. Instead of chasing stocks or real estate, investors will scramble for the oldest and most reliable safe haven: gold. And once that shift begins, it could accelerate far faster than most expect. Hear directly from top financial minds like Rick Rule, Peter Schiff, Mike Maloney, Lynette Zang, and many more. Get the latest insights on gold, market trends, and global finance. Stay ahead — subscribe now and empower your financial future! This is not to be considered investment advice. You should always speak to a licensed financial adviser before making any investment decision. #Gold #GoldForecast #RandySmallwood #EconomicInsights #WealthProtection #mikemaloney