On the 2025 New Orleans Funding Convention, Mike Maloney sat down with Kerry Stevenson, founding father of the Australian Gold Convention, to speak about one of many strangest phenomena sweeping the gold world — traces forming in Australia to purchase gold at over $6,000 AUD an oz..
What they uncovered wasn’t nearly worth — it was about psychology, coverage, and the rising realization that fiat cash could also be dropping its grip on worth.
When the Crowd Buys Excessive and Ignores the Sale
Kerry started by describing scenes that regarded extra like a Black Friday frenzy than a bullion buy: individuals lining up for hours, determined to purchase gold at report costs.
“They weren’t when it was $1,800 or $1,900,” she mentioned. “However abruptly at $6,000 AUD, they get hysterical and line up across the block — as a result of the mainstream media advised them to.”
It’s a textbook case of investor psychology: chasing worth as a substitute of worth. Mike identified that most individuals purchase gold for the mistaken causes and on the mistaken time, pushed by emotion fairly than understanding.
The irony? When gold is “on sale,” buyers keep on the sidelines. When it hits new highs, they panic to get in.
Gold and Silver Are Cash — The whole lot Else Is Credit score
Each Mike and Kerry agree: gold and silver aren’t simply commodities; they’re cash. The whole lot else — together with the digits in your checking account — is credit score that relies on belief in a system displaying cracks.
“Persons are trusting what they see on their telephones,” Kerry mentioned. “They don’t know whether or not that worth might be there tomorrow.”
As an alternative, she says buyers ought to see gold and silver as monetary insurance coverage — a retailer of worth, not a speculative commerce. Or as Mike usually says, “If you need extra gold tomorrow, purchase silver right now.”
Authorities “Madness” and the Countless Cash Machine
Once you flip the gold chart to indicate the greenback’s worth measured in gold, the story is evident: the greenback retains falling, whereas gold holds its floor.
It’s not coincidence — it’s the consequence of governments hooked on debt and cash creation. As Kerry put it, “They’ll preserve the printing presses operating — QE1, QE2, QE3… into infinity.”
In Australia, that mindset now features a “view tax” charging condominium homeowners extra only for larger flooring — a determined transfer from a system operating out of how to fund itself.
When governments print endlessly and tax creatively, savers pay the value — whereas gold and silver quietly protect buying energy.
The Actual Takeaway: Don’t Panic — Put together
Regardless of the chaos, each Mike and Kerry share a relaxed, strategic outlook. The aim isn’t to promote every little thing and rush into metals — it’s to construct lasting safety earlier than the panic spreads.
Kerry summed it up:
“Don’t promote your own home and your kids to purchase gold. However do use it as a retailer of worth over time — your insurance coverage coverage in opposition to authorities madness.”
Mike echoed that sentiment, urging buyers to know what’s coming earlier than it arrives: inflation, coverage distortion, and a sluggish erosion of buying energy.
$6,000 Gold: The Calm Earlier than the Reset
From the skin, $6,000 gold consumers in Sydney may appear to be a footnote in a market cycle. However as Mike and Kerry level out, it’s one thing extra: a symptom of world mistrust in paper cash — and an indication that the subsequent main shift in worth is already underway.
Earlier than the subsequent “gold fever” spreads, now’s the time to know why it occurs — and easy methods to place your self earlier than the group catches on.
Watch the Full Interview
See Mike Maloney and Kerry Stevenson’s full dialog from the New Orleans Funding Convention — together with the charts, insights, and the technique behind “Hold Calm & Purchase Gold & Silver.”
Individuals Additionally Ask
Why are individuals in Australia paying over $6,000 an oz. for gold?
Many Australians rushed to purchase gold at report highs after mainstream media protection sparked worry of lacking out. It’s a psychological response — buyers are likely to chase rising costs fairly than purchase when gold is “on sale.” This habits usually indicators rising mistrust in fiat currencies and rising inflation considerations.
What does “gold and silver are cash, every little thing else is credit score” imply?
This phrase means gold and silver maintain intrinsic worth impartial of presidency guarantees, whereas fiat currencies depend on confidence within the monetary system. In contrast to paper cash, valuable metals can’t be printed or devalued by coverage selections, making them long-term shops of wealth.
How do authorities insurance policies influence the worth of gold and silver?
When governments overspend, improve debt, or print extreme quantities of cash, fiat currencies lose buying energy. Gold and silver usually rise throughout these intervals as a result of they act as a hedge in opposition to inflation and foreign money debasement.
What’s the “view tax” Kerry Stevenson talked about, and why does it matter?
The “view tax” in Australia fees larger property taxes to residents in upper-floor flats, no matter whether or not they even have a view. It’s an instance of how governments create new taxes to maintain spending — an indication of monetary pressure that pushes extra individuals towards tangible property like gold.
Why do specialists say silver may outperform gold in 2025?
Silver tends to outperform gold in bull markets as a result of it’s each a financial and industrial steel. As inflation persists and demand rises from sectors like photo voltaic and expertise, silver’s twin function provides it robust upside potential in comparison with gold’s slower-moving stability.
