Key Insights:
- Gold surges to $3,462 per ounce, nearing all-time highs.
- Peter Schiff argues that gold is the ultimate hedge against uncertainty.
- Bitcoin gains traction as “digital gold,” challenging traditional assets.
Gold prices have hit an all-time high, trading at $3,461.61 per ounce. This marks a 1.76% increase, reflecting strong market demand. Investors are focusing on gold as a safe-haven asset.
Geopolitical tensions and economic uncertainty are driving this trend. Peter Schiff has long advocated for gold as a hedge against inflation and economic collapse. He believes gold is the last true haven.
Gold’s Bullish Trend and Its Near-Record High
Gold has continued to move in a bullish trend in 2025, gaining close to 30% this year-to-date. It is now only 2% off its all-time high, a mark it last hit in April 2025.
Gold’s rise is driven by high demand as a safe-haven asset. Recent global uncertainties have strengthened investor interest.
It has surged past $3,400 per ounce, marking a key technical milestone. The market is now consolidating, with profit-taking expected.
Gold has outperformed traditional safe-haven assets like the U.S. dollar and Treasuries. These assets have shown a limited response to geopolitical tensions, including those in the Middle East.
Following Israel’s preemptive military strike on Iran, concerns about regional stability have increased. As a result, gold surged overnight, reinforcing its reputation as a key safe-haven asset during global crises.
Peter Schiff’s Endorsement of Gold as the Last Safe Haven
Peter Schiff has been outspoken about his belief that gold is the ultimate safe-haven asset. Schiff highlighted the sell-off in U.S. Treasuries as a sign of shifting investor sentiment. He pointed to gold’s rise, emphasizing its growing role as a global store of value.
“With U.S. Treasuries selling off and gold rising to near record highs, it should be clear that there’s a new safe haven in town,” Schiff stated. Due to rising global uncertainty, Schiff stressed that central banks are swapping U.S. Treasuries for gold.
This move reflects a growing preference for gold over traditional assets. Investors are increasingly relying on gold as a safeguard against financial instability. Schiff’s view underscores a broader shift in financial markets toward gold as a hedge.
Israel’s recent military actions in Iran have added to global instability. This uncertainty has driven a surge in demand for gold as a safe-haven asset.
Schiff’s perspective reflects a growing shift away from traditional assets like the U.S. dollar and Treasuries. Investors are increasingly favoring gold due to its stronger safe-haven appeal.
El-Erian and the Shift Away from the Dollar
Mohamed El-Erian, former PIMCO CEO, has commented on the current economic and geopolitical landscape. He urges investors to rethink their approach to traditional safe-haven assets.
El-Erian noted that U.S. Treasuries and the U.S. dollar have barely responded to geopolitical tensions. Meanwhile, gold has shown a strong reaction to these events.
He warned investors against relying on the U.S. dollar and Treasuries as safe-haven assets. Instead, he advised them to prioritize gold and silver.
El-Erian highlights broader economic concerns, including rising energy costs and inflationary pressure. Geopolitical instability adds to these challenges, creating uncertainty in financial markets.
Central banks may become more cautious about inflation and tighten monetary policy. Such restrictions could have significant effects on global liquidity and investment strategies.
As a result, investors may turn increasingly to gold for stability. This shift further reinforces gold’s role as a preferred safe-haven asset.
Digital Gold or Traditional Gold: Which Asset Takes the Lead?
Many investors view gold as a reliable asset in the market. Meanwhile, Bitcoin is gaining traction as a potential digital gold.
Michael Saylor, chairman at Strategy, shared his bold prediction on X. He stated that if Bitcoin does not collapse, its price could soar to $1 million.
President Trump recently made headlines with his statement on Bitcoin’s future. He suggested that Bitcoin could become the leading store of value. Eventually, he believes it may replace gold as the dominant digital asset.
Disclaimer
This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.
Olivia Stephanie is a FinTech enthusiast with a keen understanding of financial markets. Her passion for economics and finance has led her to explore emerging blockchain technology and cryptocurrency markets.