Gold has reached record highs, surpassing $3,000, yet investor sentiment remains low, according to Peter Schiff, who claims this is the strongest gold bull market ever. Despite gold's impressive performance, gold mining equities have outperformed both physical gold and the broader stock market in 2025. As of the first full week of March, the NYSE Arca Gold Miners Index recorded a year-to-date return of 22.6%, compared to a 10.8% gain for gold itself. This marks the first time since 2022 that gold has outperformed stocks to such a degree, prompting discussions about the implications for investors. Analysts are also suggesting that investors who missed gold's rally should consider silver, which is being highlighted as a potential opportunity in the current market environment.