Gold has indeed emerged stronger in 2025 against devaluation and inflation, but the full story includes geopolitical tensions, restrictive monetary policies, and the role of other assets such as the dollar and cryptocurrencies.

🌍 Gold in 2025: More Than Just a Safe Haven

Extraordinary Performance: Gold has risen nearly 30% in 2024 and is maintaining an upward trajectory in 2025, with forecasts reaching $3,000 per ounce according to Goldman Sachs and Bank of America.

Key Factors:

Geopolitics: The war in Ukraine and sanctions against Russia boosted demand for safe havens.

Inflation and Devaluation: The loss of purchasing power of local currencies in Latin America and Europe strengthened gold as a store of value.

Monetary Policy: Decisions by the Federal Reserve and other central banks have generated volatility, but have also solidified gold as a defensive asset.

⚠️ What's Not Being Told

It's Not All Gold: While the precious metal shines, industrial metals (like copper and silver) have also seen a surge due to the energy transition.

Policy Dependence: If the Fed changes its stance and lowers interest rates, the dollar could regain strength and reduce gold's appeal.

Bubble Risk: A rally that's too rapid toward $3,000 could trigger sharp corrections.

Digital Competition: Bitcoin and stablecoins like USDT in countries with high inflation (e.g., Venezuela, Argentina) are functioning as "digital gold" and competing in the safe-haven narrative.

🎯 Strategic Conclusion

Gold does win the devaluation trade in 2025, but the full story is that its strength stems from an environment of global uncertainty and the weakness of other traditional assets. However, it is not invulnerable: cryptocurrencies, monetary policy, and industrial metals are part of a broader chessboard that is redefining what "safe haven" means in this decade.