In a remarkable turn of events, gold and silver are experiencing an explosive rise, exceeding equities by a factor of four in 2025 during a period of unprecedented bull market strength. This phenomenon is occurring despite the robust performance of tech stocks and cryptocurrencies, leading to a concerning decline in confidence for fiat currencies. With central banks facing scrutiny and deficit spending reaching record levels, investors are increasingly turning to hard assets as safe havens. 2025 charts paint a stark picture: when risk assets like tech stocks and crypto reach all-time highs, simultaneously with traditional safe havens like silver and gold, the market’s vote of confidence in fiat currencies is faltering rapidly.