Gold is experiencing a revival due to inflation, making it a safe-haven asset and an attractive option for investors. Gold prices have surged, trading at over $1,900 per ounce, a 10% increase from the April lows. After the tech stock frenzy and cryptocurrencies, gold is emerging as a favorite for navigating the crisis without making too much noise.

The economic recovery following the pandemic has driven up prices, but to prevent savings from being eroded by inflation, gold is a great alternative. Tomás Epeldegui, Director in Spain for Degussa, specializing in gold sales, points out that historically, for every 1% increase in inflation, gold tends to appreciate by around 5%. The increase in demand, over 30% in the first quarter, particularly from jewelry buyers in Asia and the financial sector, is pushing up the value of gold.

For savers seeking “protection and coverage against market risks,” gold is a good bet, according to Epeldegui. In addition to its appreciation potential, gold is highly liquid due to its global acceptance, has lower volatility, is more secure when held physically, and maintains stability without depending on decisions from authorities. “Over time, it has proven to be a preserver of purchasing power. Money can lose value due to inflation… but gold retains its intrinsic value.”