Everyone is watching gold break highs again.


Headlines are screaming “safe haven”, “uncertainty”, “record prices”.



But instead of guessing where gold goes next, I did something simpler:



I looked at what gold has done every time it reached this phase before.



What I found is uncomfortable — but important.






Gold Doesn’t Trend Forever. It Moves in Cycles.




Gold has never been a straight-line asset.


It moves in long emotional waves:



• Fear builds


• Money hides in gold


• Price explodes


• Confidence peaks


• Then… silence



This pattern has repeated for over 50 years.






Cycle 1: 1970–1980 — Fear Creates the First Explosion




After the U.S. abandoned the gold standard, trust in paper money collapsed.


Inflation surged. Confidence disappeared.



Gold moved from $35 to nearly $850 in about 10 years.



At the peak, gold felt untouchable.



Then reality returned.



From 1980 to 2001, gold went nowhere for 21 years.






Cycle 2: 2001–2011 — Crisis Brings Gold Back




Dot-com crash.


9/11.


Then the 2008 financial crisis.



Money printing exploded. Banks collapsed.


Gold responded exactly as it always does.



Price moved from $250 to nearly $1,900.



Once again, gold was crowned “the only safe asset.”



And once again — it stalled.






The Forgotten Part: Gold’s Quiet Years




After 2011, gold didn’t reward excitement.


It punished patience.



From 2011 to 2015, price corrected hard and bored investors to exhaustion.


Most people left. Attention moved elsewhere.



That boredom mattered — because it marked the true reset.






The Current Cycle Started in 2015 — Not 2020




This is where most people get it wrong.



They think gold’s bull market started with COVID.



It didn’t.



Gold bottomed in December 2015.



From there:


• Slow accumulation


• Gradual trend


• Then acceleration after 2020



That means we are now 10–11 years into this cycle.



And historically… that matters.






Gold Bull Markets Mature Around This Time




Look at the pattern:



• 1970–1980 → ~10 years


• 2001–2011 → ~10 years


• 2015–2025 → ~10 years (now)



Gold bull markets don’t die quietly.


They end loud, emotional, and vertical.



That’s exactly the stage where:


• Media coverage spikes


• Retail rushes in


• Central banks buy aggressively


• “Everyone” suddenly understands gold



Sound familiar?






The Late Stage Is the Most Dangerous — and the Most Profitable




This doesn’t mean gold crashes tomorrow.



The final phase of a bull market is often:


• Fast


• Euphoric


• Fear-driven


• And very tempting



But it’s also where risk quietly increases.



When people stop asking “what’s the downside?”


That’s usually the signal professionals start asking it harder.






So Is This the Last Leg for Gold?




Not with certainty.



But time is not neutral.



Gold has already had:


• Years of accumulation


• Years of trend


• And now acceleration



Historically, this phase doesn’t last forever.



Gold can still go higher — but the risk-to-reward balance is changing.






Final Thought




Gold isn’t evil.


It isn’t magic either.



It moves in cycles — and cycles don’t care about headlines.



When everyone believes something can never fall, that belief itself becomes the risk.



The smart question right now isn’t


“Can gold go higher?”



It’s


“How late in the cycle are we?”