The boom in the price of gold is neither a mirage nor a fad. It is a symptom of a weakening monetary system as investors seek refuge from the loss of value of fiat money.

At the beginning of the year, few dared to predict that gold would exceed $4,000 an ounce. Even investment banks such as Goldman Sachs predicted that the precious metal could stagnate below $3,300. However, reality has exceeded expectations: gold has broken all the moulds and the markets are already talking about new historic highs for the coming years.

But behind this spectacular rise lies a much deeper message. According to analysis by Citadel, one of the world’s most powerful investment funds, the gold boom hides a very worrying trend: what they call ‘valuation operation’. A global strategy to allow fiat currencies to slowly devalue, reducing the real weight of government debt and, in turn, the purchasing power of citizens.

The silent loss of money’s value

Governments and central banks have turned inflation into a tool for economic survival. After years of monetary stimulus, cheap credit and massive money printing, the system has become accustomed to living with a constant dose of devaluation. When inflation erodes the value of currencies, debt becomes more manageable, but citizens’ savings are also worth less every day.

According to data from the International Monetary Fund (IMF), advanced economies have accumulated public debt exceeding 112% of GDP, the highest since World War II. And as the European Central Bank (ECB) warns, inflation in the eurozone will remain above 2.8% in 2025, despite high interest rate policy. This loss of purchasing power is the silent mechanism that shifts the debt burden onto citizens.

This is not a conspiracy theory, but a mechanism that is well known and has been repeated throughout history. And, as always, there is one asset that resists: gold.

Gold: the barometer of mistrust

When currencies lose credibility, gold gains. Unlike fiat money, it does not depend on any government and cannot be printed at will. It is finite, tangible, and universal. That is why, every time the monetary system falters, its value skyrockets.

The figures speak for themselves: according to the World Gold Council, central banks bought 1,037 tonnes of gold in 2024, 4% more than the previous year, the highest volume since 1967. China leads the way, with nine consecutive months of accumulation, followed by Turkey. While the West struggles with debt and money printing, emerging countries are bolstering their reserves with real assets.

This trend is in line with what 11Onze already pointed out in a previous article in La Plaça: in four years, gold has appreciated by 85%, and everything indicates that it will continue to rise in the face of the structural weakness of the pound sterling and persistent inflation.

According to Bloomberg, gold is trading at around $4,020 per ounce in October 2025, reaching an all-time high and consolidating its position as the best-performing asset of the last economic cycle.

The sector is on the move and 11Onze analyses

This global movement not only reflects an economic trend, but also a change in mindset: investors are once again seeking tangible assets and real value. The financial sector as a whole is rediscovering gold as a strategic asset. Banks, asset managers and investment platforms see it as a counterweight to the loss of value of currencies.

But at 11Onze, we have a different view: it is not just another investment product, but a tool for preserving value and economic sovereignty. Our experience in precious metals shows us that 100% allocated physical gold, with professional custody and total transparency, is the only real way to protect wealth in a scenario of widespread devaluation.

Investing in gold is not a reaction to fear, but an exercise in financial responsibility. It is understanding that wealth depends not only on what you earn, but on what you manage to preserve.

Devalue or preserve: two sides of the economic future

What Citadel calls ‘devaluation’ may seem like a sophisticated debt management strategy, but for ordinary citizens it translates into a silent erosion of their purchasing power. While central banks seek breathing room by printing money, gold offers respite to those who want to preserve their hard-earned wealth.

At 11Onxe, we have said it many times: when the system shakes, gold stands firm. It is not about abandoning currency, but about balancing risks. In a context of uncertainty and planned devaluation, gold remains the oldest and most reliable refuge in the world. Because if money melts like ice… gold continues to shine.

If you want to discover the best option to protect your savings, enter Preciosos 11Onze. We will help you buy at the best price the safe-haven asset par excellence: physical gold.