Why Gold Once Again Becomes the Preferred Safe Haven
Once upon a time, gold was not just a commodity but also money itself. From ancient Rome to 19th-century America, gold was the foundation of trade. As times evolved, countries gradually shifted to fiat currency systems, initially backed by gold, but by the late 20th century, pure fiat currency systems ultimately replaced precious metal backing. Even in the fiat era, we witnessed multiple currency reforms—Germany abandoned the mark in 2002, and the euro became the new settlement unit.
As 2024 draws to a close, global economic uncertainties intensify, and inflationary pressures remain, investors are flocking to gold to protect assets and seek returns. This phenomenon is no coincidence: throughout 2024, gold prices soared from approximately $2,000 per ounce to $2,600 per ounce, an increase of nearly 30%. The driving forces behind this include high global debt levels, persistent inflation, escalating geopolitical tensions, and countries' asset freeze