You'll get some good advice here. You might also get some sneers at a budget of $5000 (but not from me).
I think a lot of it depends on what your needs are and what you want to do with the system.
I think if I were starting over (with my needs) I would do a lot of research and find a good quality used system. I'm guessing the system I inherited was probably $20k when it was new, around 10 years or so ago. I bet you could pick it up for $5000 now, without a high end turntable though.
On the other hand, there is a US company that makes reasonably priced components that punch above their weight class. It is called Schiit. Even though it is probably considered mid-fi or even low-fi by those with $20k and up systems they seem to garner a certain amount of respect for their price vs quality ratio.
I can't help you with speakers except to say that I love my Aerial Acoustic 7B tower speakers and did not love comparable B&W tower speakers (the model number I have forgotten).
I think a lot of it depends on what your needs are and what you want to do with the system.
I think if I were starting over (with my needs) I would do a lot of research and find a good quality used system. I'm guessing the system I inherited was probably $20k when it was new, around 10 years or so ago. I bet you could pick it up for $5000 now, without a high end turntable though.
On the other hand, there is a US company that makes reasonably priced components that punch above their weight class. It is called Schiit. Even though it is probably considered mid-fi or even low-fi by those with $20k and up systems they seem to garner a certain amount of respect for their price vs quality ratio.
I can't help you with speakers except to say that I love my Aerial Acoustic 7B tower speakers and did not love comparable B&W tower speakers (the model number I have forgotten).