Mounting pressure around resource nationalism is reshaping investor expectations for precious metals this cycle. Industry observers reckon we could see gold hitting $5,000 per ounce and silver touching $100 by end of year—a bullish case that hinges on nations tightening control over commodity extraction and supply chains.

The logic goes like this: when countries reassert ownership and restrict resource flows, scarcity mechanics kick in. Precious metals, being both safe-haven assets and industrial necessities, stand to benefit from supply constraints and geopolitical rebalancing. Some investors are already positioning accordingly.

Whether this thesis plays out depends on how aggressively resource nationalism unfolds and whether central banks maintain their current monetary stance. The scenario isn't guaranteed, but it's worth monitoring if you're thinking about commodity exposure.