Gold Is Delivering What Bitcoin Promised

In the opening hours of World War II, as German forces poured into Poland, Britain carried out one of the boldest wealth evacuations in history. 

Under the cover of darkness, Operation Fish secreted tons of gold and cash worth millions of pounds from London’s vaults onto warships bound for Newfoundland, ensuring that the financial backbone of the British Empire would survive even if the homeland fell.

They understood that when paper money fails and banks crumble, gold would remain the ultimate quiet guarantor of value.

That instinct is alive again today. 

And why wouldn’t it be? Gold prices just blasted through $4,100 per ounce, touching fresh all-time highs as global uncertainty, trade tensions, and monetary policy shifts finally woke up Wall Street to what a “safe haven investment” truly really means. 

Over the last few days, markets have priced in not just one, but multiple Fed rate cuts, while U.S.–China relations deteriorated on the back of President Trump’s latest wave of tariffs against the Middle Kingdom. 

And gold’s response has been nothing short of ferocious. 

Not surprisingly, Wall Street is catching up late. 

All around us, banks are raising their 2026 gold targets, and it’s not a coincidence that their new price targets mirror what I’ve been telling you all year — that $5,000 gold is simply a matter of time. 

But this gold rush is more than mere price goals or forecasts, it’s the underlying forces pushing gold higher. 

Central banks scooping up reserves, supply-side stress tightening the market, and, critically, a flood of safe-haven demand from private investors. 

Let’s unpack how all these currents are converging, and why gold is beginning to outshine bitcoin in 2025.

We’ll start where we always do: Demand. 

Global demand for more and more gold has been the single largest lever lifting gold ever since the rally began. 

Central banks are buying gold in historic quantities, and the shift is systemic — not tactical. Official IMF data shows that in the 12 months through June, 2025, central banks added 228 tonnes of gold. 

However, keep in mind that that figure omits “unreported” accumulation, which the World Gold Council and Metals Focus estimate would add an additional 804 tonnes. 

In short: the real buying is far greater than the official numbers indicate.

“So why is there so much urgency?” you ask. 

It’s because central banks are rethinking the safety of foreign reserves stored in financial markets. Russia’s inability to access $300 billion in frozen reserves since the invasion of Ukraine crystallized a lesson for other nations: reserves outside one’s control are exposed to geopolitical leverage. 

Meanwhile, the European Commission’s plan to use €185 billion in seized Russian assets to fund Ukraine has only amplified that lesson for Putin, and arguably accelerated central bank gold demand. 

Even those central banks not openly acknowledged in data are believed to be accumulating under the radar, making the gold market tighter than it appears on paper. 

But this isn’t confined to one region… BRICS nations are accelerating gold purchases, with Brazil recently rejoining the list of major buyers. 

With such strong demand, any supply-side issues (such as the catastrophic event that took place at Freeport’s Grasberg mine) would only serve to strengthen the move higher. 

You see, gold production has long grappled with declining ore grades, rising extraction costs, and regulatory delays. Add in geopolitical and logistical shocks, and the gap between mines’ output and central bank demand begins to strain. 

Make no mistake, that leverage works in gold’s favor, and we see signs of this as mining equities — despite record gold — still trade relatively cheap, hinting at upside optionality.

Yes, the resurgence in safe-haven flows from private investors is now punching through traditional allocations. As risk assets wobble, investors are abandoning faith in the “everything rally” and returning to what they instinctively trust: Gold. That shift is visible in ETF inflows, physical demand across Asia, and retail queues forming in bullion shops as people rush to buy actual metal. 

Just last week, the buying wave was magnified after President Trump announced dramatic new tariffs on China — 100% on key imports. 

The moment that news leaked, markets immediately became jittery, equities tumbled, and the bullish sentiment over gold soared higher. Gold absorbed the shock. 

You know just as well as I do that global trade stability is not guaranteed, and gold is the only asset that doesn’t require someone else’s solvency to preserve its value.

However, against this backdrop was the crash in bitcoin prices last Friday… Did we just witness a crack in crypto as a safe haven for panicky investors? Maybe. 

Over the past week, bitcoin sold off — shredding confidence in its ability to act as a safe haven in times of crisis. I’ll note that throughout 2025, gold has outperformed crypto by a mile; the precious metal is up nearly 60% year-to-date, while bitcoin has gained less than one-third of that performance. Of course, your mileage may vary depending on timing and basis.

But bitcoin’s volatility is no longer an abstract risk, it may be a real albatross. Analysts at Deutsche Bank, while acknowledging the appeal of cryptocurrency, underline that volatility and speculative nature pose too big a hurdle for institutional large-scale reserve adoption… at least for now. 

In fact, Deutsche Bank sees a future with both gold and bitcoin on central bank balance sheets by 2030, but only if bitcoin matures into something far more stable than it is today.

Gold is proving once again why empires and nations have trusted it across centuries. It’s the one asset that can’t be canceled, and right now, it’s absorbing capital flows that are fleeing far riskier alternatives.

So where does that leave us going forward? My veteran readers know the path we’re on is taking us to one incredibly attractive golden investment — NatGold. 

Right now, the structural backdrop for gold remains unusually favorable. Rate cuts are all but baked in right now, with market expectations pointing toward another two cuts before year-end. 

As you know, when rates fall, the opportunity cost of holding non-yielding assets like gold diminishes. Now coupled with the other bullish catalysts such as heightened geopolitical risk, a softening dollar, and collapsing confidence in fiat systems, it’s clear that this gold boom has room to run.

That’s why we’re seeing banks starting to get more aggressive. 

You see Wall Street scrambling to play catchup, don’t you?

Bank of America now forecasts $5,000 for gold in 2026, analysts at Societe Generale are calling $5,000 gold more inevitable than speculative, and even the long-time skeptic of the gold mania Jamie Dimon recently stated that gold could “easily” reach $5,000 or even $10,000 in these conditions. 

Well, it’s about time they jumped on board — better late than never, I guess. 

There is one caveat to note: during such a strong rally, short-term pullbacks are always possible, with 10% to 15% corrections healthy and necessary. 

But those structural trends aren’t breaking down, they’re strengthening.

Once again, that’s precisely where NatGold enters the picture. 

If gold is winning the trust war among safe havens, then you can be sure that NatGold is designed to blend gold’s enduring strengths with modern enhancements — liquidity, ease of trading, auditability, and integration with digital finance. What investors truly want is an asset with gold’s store-of-value durability, packaged with user-friendly characteristics in the digital age — and that’s the opportunity NatGold seeks to capture.

In the coming months, as macro stress tests intensify and capital flows scramble for sanctuary, NatGold could emerge as the bridge between old-school security and next-generation digital finance.

For those who want both access AND assurance, this could be the moment to position yourself before the next leg of the gold bull run truly takes off.

Let me show you a gold opportunity that every investor needs to see for themselves firsthand.