While many investors track gold and silver prices in U.S. dollars, those watching in Australian dollars have seen something remarkable:
- Silver has quietly climbed past $50 AUD per ounce
- Gold has broken through $5,000 AUD
What’s driving these eye-catching numbers? A key factor is currency devaluation.
Back in 2015, the Australian and U.S. dollars were nearly at parity. That same year, Mike identified what he called the bottom of a cyclical correction in the gold market — not a bear market, but a pause in a much larger bull run.
Since then, the Australian dollar has lost around 50% of its value relative to the USD. As a result, gains in gold and silver prices have been dramatically magnified for Aussie investors. Gold’s rise has already played out. Now, silver appears to be catching up.
What History Teaches: Echoes of the 1979 Silver Spike
So when does silver take center stage?
According to Mike, history may hold the answer. He draws a powerful parallel to the 1970s bull market. During that run, gold was the first to surge—but silver was the one that ultimately stole the show.
Back then, when gold reached $400 an ounce (a significant price given the average U.S. salary was under $10,000), many everyday investors were priced out. They turned instead to silver. The result?
- Gold rose 25x from its lows
- Silver skyrocketed 41x — most of it in the final months
Mike believes we could see a similar setup today. He points to a likely psychological resistance level somewhere between $3,500 and $5,000 USD for gold. Once gold is seen as too expensive, investors may once again pivot to silver as the more accessible alternative.
Is Australia Showing Us What’s Next?
Silver’s surge past $50 AUD may seem like a local milestone — but it could be a global signal. If history repeats, silver could soon step out of gold’s shadow and deliver outsized gains for those paying attention.
As this timely conversation reveals, sometimes the biggest market shifts start quietly — and those who spot them early can be the ones who benefit most.
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