Analysis of Investment Opportunities in Gold, Silver, and Related Stocks in the Current Economic Environment

The post compares the current economy to the stagflation period of the 1970s, but according to market data, the current U.S. CPI annual growth rate is 2.7% (below the 3.1% expectation), and the unemployment rate is 4.6% (still in the historically low range) [1][2]. Mainstream institutions (Bloomberg, Goldman Sachs) judge it as a ‘slow growth + moderate inflation’ environment rather than the classic stagflation definition of ‘high inflation + economic stagnation/recession’ [1][2].

In December 2025, gold had broken the all-time high of 4,400 USD/oz, and silver had broken 70 USD/oz [1][2]. The post predicts that gold prices will reach 50,000 USD/oz and silver prices will reach 96-100 USD/oz in the first half of 2026, far exceeding the forecast of top institutions like Goldman Sachs, which expects gold prices to reach 4,900 USD/oz by the end of 2026 [2]. During the 1970s stagflation period, gold prices rose from 35 USD to 850 USD/oz (1980), and silver prices rose from 1.3 USD to around 50 USD/oz [2]. The current target prices are far beyond the logic of historical extremes.

• Yinye Silver Tin (000426.SZ): Market capitalization of 64.1 billion USD, 2025 growth rate of 211.74%, net profit margin of 31.42%, strong financial performance [0];
• Vista Gold (VGZ): Market capitalization of 274 million USD, 2025 growth rate of 278.87%, analyst rating of 100% buy, but ROE of -50.42% (in loss) [0];
• Lingbao Gold (03330.HK): No valid public data retrieved, needs further verification.

• Similarities
  : Both have inflationary pressure and safe-haven demand, driving up precious metal prices;
• Differences
  : The 1970s stagflation was driven by special events such as the oil crisis and the U.S. dollar decoupling from gold; the current economic structure and monetary policy framework have undergone fundamental changes; and silver has new industrial demand from new energy (solar energy, EVs) [3].

1. The post’s judgment of the ‘stagflation’ environment is biased; the current core drivers are interest rate cut expectations, geopolitical risks, central bank gold purchases, and silver’s industrial demand [1][2][3];
2. Precious metals and related stocks performed strongly in 2025: gold rose 67% annually, silver rose 125% annually, and related stocks generally doubled [0][1][2];
3. The price targets in the posts lack rigorous data support, have a huge gap with market consensus, and need to be treated cautiously.

• Precious metal prices hit new highs, related stocks rose significantly, and market sentiment is optimistic;
• Silver’s new energy industrial demand provides additional support for its price increase [3].

• Price targets are too aggressive, deviate from mainstream institutions’ expectations, and have significant correction risks;
• Deviation in economic environment judgment may lead to the failure of investment logic;
• Vista Gold (VGZ) is in a loss state with high financial risks [0];
• Lingbao Gold (03330.HK) lacks information, and investment risks are unknown.

The current economy is not a typical stagflation environment; gold and silver prices are performing strongly driven by interest rate cut expectations, safe-haven demand, and industrial demand [1][2][3]. The recommended Yinye Silver Tin (000426.SZ) has good financial performance, while Vista Gold (VGZ) has financial risks and Lingbao Gold (03330.HK) lacks sufficient information. The price targets in the posts are far beyond market consensus and need to be evaluated cautiously.

[0] Jinling Analysis Database
[1] Bloomberg - 《Gold and Silver Rise to Records on Rate-Cut Bets, Global Risks》: https://www.bloomberg.com/news/articles/2025-12-22/gold-climbs-to-record-on-us-rate-cut-bets-and-geopolitical-risk
[2] Yahoo Finance Hong Kong - 《黃金、白銀均創歷史新高 降息預期與避險需求助推漲勢》: https://hk.finance.yahoo.com/news/黃金-白銀均創歷史新高-降息預期與避險需求助推漲勢-053102156.html
[3] Investopedia - 《Gold, Silver, and Copper Are All Hitting Record Highs—Here’s What’s Driving the Frenzy》: https://www.investopedia.com/gold-silver-and-copper-are-all-hitting-record-highs-here-s-what-s-driving-the-frenzy-11874277