The End of an Amazing Year for Gold and Silver, and a Thank You

The End of an Amazing Year for Gold and Silver, and a Thank You

Garrett Goggin, CFA, CMT

Posted December 24, 2025

As of this writing, we are looking back at what can only be described as an incredible year for precious metals as well as the stocks covered in all Golden Portfolio services.


Silver is up an absurd 146%.


Gold is “only” up 70%.

Bringing up the rear on my services:


Golden Portfolio (GP) is up an average of 161% across all positions. 


Golden Portfolio 10X (GP10X) posts an average gain of 234%. Not too shabby.


And Golden Portfolio IV (GPIV) is up an average of 300%…


If you’re not familiar with my suite of services, Golden Portfolio strictly covers gold and silver royalty stocks. These companies tend to be slower moving, and therefore less volatile, but over the long term they outperform almost any gold miner you’re likely to find. They’re the tortoises compared to the hares in the gold mining world. If you’re looking for long term gold exposure, these companies can’t be beat. Many of them you can hold for decades. While they tend to lag miners during a bull market, they also don’t fall nearly as much (or at all) during downturns. 


Golden Portfolio 10X is geared towards finding all of the best gold and silver stocks. At any given time, I’m covering 30 or so of these companies. My goal is to find stocks with the potential to 10X your investment stake. Unlike my GP holdings, these companies are fast moving. You don’t need to hold these for decades to see big returns. Sometimes you don’t even want to hold them for years. The idea is to buy them before major catalyst events that directly impact net asset value or cash flows. If you do so correctly, you should be seeing movement almost as soon as you enter a position. 


Right now in the GP10X service there’s one company with a 1,200% gain, and 4 more knocking on the door of a 10X. That’s the ceiling goal. For the floor, I really need to outperform indexes like GDX and GDXJ, which are up 162% and 174% respectively. Mission accomplished for 2025. 


Golden Portfolio IV is made up of the 3-5 best stocks from the GP10X and GP portfolios. It’s also my least expensive service. If you’re not interested in owning and tracking dozens of gold miners, GPIV gives you a one-stop shop. You get a little bit less diversification, but the results speak for themselves this year. The only downside here is that all GPIV positions start out in either the GP10X or GP portfolio. The biggest gains are seen by the folks who make the leap into one of my two higher-potential services. Nonetheless, GPIV is a great place to start.


I’m still super excited about one specific stock in the GPIV portfolio that’s just days away from one of those “cash flow” events. It’s a small company that’s about to start first production in Q1 2026. When this production hits the company’s bottom line, I’m expecting a massive upwards revaluation.


You can get the full details here.


My job as a gold analyst is to stay humble, honest and to be direct with you as my reader. If I can do those three things, I know I can deliver significant gains to your portfolio, and I can do it better than anyone else out there, because I have this singular focus on doing high-quality research. 


I don’t rent my list. I don’t take kickbacks from the companies I cover. I try to keep the marketing as minimal as possible to keep my business operations going and to present my subscribers with additional opportunities to diversify and expand their positions within the gold mining and royalties industries if they so choose.


I know I’m very fortunate to be able to do this kind of research, so I want to thank you for following my work. There are very few people who get paid to do what they love, and you make that possible for me. 


From my family, and from the “skeleton crew” who make GP possible, thank you very much.


Merry Christmas and Happy New Year from the Golden Portfolio team:


Garrett, Jenna, Kevin, Spencer, Christian and Jayda