Golden search engines of the 21st century should not remove water and land and dig too much to find it: they can find it in a place in the Madrid district of Salamanka, at a diagonal branch or on any online investment platform to bring only some places. And they pay him very expensive. Either cheap as you look. Never before the ounce of this precious metal cost more than now, above the level of $ 3,500, but its reassessment does not touch the roof, and there are already those who predict an even more dazzling future, for $ 5,000, making the current level available. Its buyers, central banks, family officesInsurers and more and more private investors seeking to earn the profitability of their money are watching their remains and current accounts thanks to the millennia of the asset, the popularity of which is not aging. And they continue to draw a check book.
“This is a shelter’s perfection, with a long history of conservation of value during economic uncertainty, inflation or volatility. This allows me to diversify and reduce the risk of my investment. This offers protection that actions and bonds cannot guarantee,” the Guillermo, a 30 -year -old Sevilian who does not want to give his name.
When he started investing, in October 2024, gold meant 5% of his portfolio, but the strong height of his value made him gain weight against the rest, and already placed it by 8%. Your system pulls discipline: each month you enter your account Myinvestor and click “Buy”, a very popular method known as DCA (The average value of the dollar) that, based on the frequency, it reduces the risk of working at the wrong price because they are subjected to many acquisitions, not immediately produce capital.
“I believe that gold is an active shelter of the past/modernity, and Bitcoin is an active shelter of the present/future. That is why I put 200 euros per month in gold and 100 in Bitcoin,” the 40 -day Bilbao, which is used in the technology sector that prefers not to disclose its identity, is another small investor.
So far, more than 35%bounced gold this year. Neither the main bags nor bitcoin reach so much. Not even the hot Spanish real estate market, where almost everything is more than yesterday, but less than tomorrow, approaching these dizziness. Why now? Economist Javier Santarus explains this this way. “Gold is considered an active shelter against two scenarios: inflation and tensions of the monetary system. Although the rise of price growth remained behind, it is for many to see the return of inflation in the coming years. This is together with the situation in the federal reserve, they made it an attractive asset,” he says.
The American Central Bank is a half -faced. One of her governors, Lisa Cook, came to get a dismissal from Trump she plans. And his President Jerome Powell was the subject of the Operation and Destination of the White House. With his mandate, which ended, he was in May 2026 – the market believes that his replacement, which Trump will be called, will be a puppet managing. Without independence, the Fed’s power of attorney will question. And the dollar, as it happens, pays broken dishes.
This cushioning benefits gold, which usually has a negative correlation with a green ticket: the stronger the weaker. In the summer of 2022, when the dollar claimed more than one euro, gold survived the bad time. Since then, this has doubled its price.
The same thing was between bags and gold. When the first suffered the turbulence, the second was strengthened for its condition as a fierce money that fled at risk. And vice versa. But with the bags around the maximum and gold also, this compound changes. “The obvious paradox of gold-Bolsas responds to compatible stories: the bags are increasing on the expectation of the Fed reduction, while gold benefits the weak dollar and uncertainty of Trump’s tariffs,”-analyzes Judith Arnar, the chief researcher of the Elcano and CEPS.
All these problems are music for the ears of those who use the situation thanks to precious metal. “We are facing the third big bull cycle in the history of gold,” says solemn Gustav Martinez, an advisor to the exchange and heritage that has been buying it in the markets for over ten years. “I have invested much stronger in the last four years,” he says. His dissertation is that the great national deficit incurred by the states submit the debt of the countries, depreciation of legal coins (fiat). Gold, in his opinion, offers immunity to this constant loss of the value of the euro, dollar and other currencies in which people receive salaries, changing purchasing power.
That is why Martinez, like other unwavering defenders of gold as investment and reserve of values, deny that housing and other basic products have become more expensive, and prefer to say that the coins were depreciated by inflation, remembering that in relation to gold houses are worth less than once.
Physical or digital?
One of the dilemus facing those looking for the impact of gold is a way to do it. You can buy stocks of mining companies that multiply their advantages as they get the cost. For example, the titles of the Canadian corporation Barrick Mining earn 70% in 2025, consisting of the good work of their mines in Argentina, Chile, the cost of ivory or Congo. And others, such as the Americans Newmont Corporation and Gold Spelds, or the South African Anglogold Ashanti, receive a juicy reassessment.
You can also invest through an online way in any financial structure to invest in ETFs that repeat the price of gold in real time. With the comfort of the opportunity to sell and buy instantly at home. Finally, you can go into the branch and get out of it with coins or bullion. Even send them to you in a package that will only be delivered to you by teaching the identity document.
In this business, to sell gold that can be touched, there is Swiss Julio Bunko, 53 years old, director of a branch in Madrid Degus, an abbreviation of German gold and silver refineries, one of the largest sales companies in Europe. Located in Madrid Kalesquez, stone shooting from the Retiro Park and at the Velington Hotel, where this Friday the cheapest room exceeded 500 euros, the place gets a slow but permanent point of clients who look at their polls to study coins and ingots.
“We notice that more people are coming. There is great interest on both customers who go out and family offices .
These 1000 grams are approaching 100,000 euros today, so the staging under the mattress entails risks. The institution proposes to keep it in protective boxes, although banks also have such a service.
Buyers gold can resell gold Degussa if they want, or because they need liquidity to buy a house because they have made enough money and want to earn a box or for any other reason. As in connection with currency changes or sales, the price is usually slightly lower than in the market because it is taxed by Patrimonial Transmissions and conventional transaction costs. Of course, money does not require time for transfer: the payment is made at a maximum of 24 hours.
Benefits and disadvantages
Why are there those who prefer physical gold? “It does not depend on the banking system when a very greasy financial crisis comes, many prefer the security of the physical,” says Buonkor. In favor, he also plays that the ingots of more than two grams are released from VAT, which, for example, does not occur with silver, another flowering metal.
The present moment is not understood without looking back. In 1971, then, US President Richard Nixon completed the conversion with a fixed gold, which changed to 35 ounces over the decades. “Bárbara Relic”, British economist John Mainard Kaine called gold in 1924, who hated gold rigidity. Its disappearance allowed its price to fluently fluctuate with the forces of supply and demands that resolved uncertainty. “Gold does not earn interest and, if the price does not increase, does not provide economic profitability,” the Morgan Groundy Trust Company, the present Jpmorgan, which attracted the dark future for this metal, said.
Half a century later, these Agarera’s forecasts were wrong. Today, it costs 100 times more than in the time of the gold. And even the central banks monopolize it. The ECB was at the end of 2024 from 40.9 billion euros in gold, which is 10.5 billion more than a year earlier thanks to the increase in the market prices. And many others accumulate in gold. Why do they buy it? Judith Arnar, from Elkan, sees three reasons. “For the first, for geopolitical reasons: the freezing of the Central Bank of Russia has become a call, and many developing countries accumulate gold as financial sanctions insurance. way of stabilizing their resources. “
With the shooting price, the logical question is – whether there will be a correction close or there is a stock to continue downloading. This week, the US Investment Bank Goldman Sachs noted that the ounce does not reach $ 5,000, that is, 40% higher if the US debt for Trump’s interference in the Fed pushes investors to translate the minimum part of what they invest. This will only require 1%.
Gustav Martinez goes on. And refer to the story to protect that the potential of gold is not yet exhausted. “In the first bull cycle, he multiplied his price by 20, in the second by seven, and in that we barely postpone two,” compares.
Gold is not usually the main position in investor portfolios. It usually represents a smaller part than actions and bonds, and the emergence of bitcoin has increased competition, and many of its followers declare it as a kind of digital gold. But this traditional asset, which was transformed into an attraction, gains weight. Javier Santarus compares him to the house, another physical good. “It has an ancient history as a deposit of value and half of change. It is a metal that over time fits stable physical and chemical characteristics. All transformations that are made into gold, let them be bullion or currencies, do not lose mass.
