Gold as a counterweight. Not as a competition.

The price of gold reaches new record highs in June 2025

EUR 2,945.34

3,354.50 USD

Source: Goldpreis.de

At this all-time high, some investors are toying with the idea of exchanging their gold for currency. Despite these all-time highs, gold should not be viewed primarily as an investment. Rather, it serves as protection against inflation, geopolitical tensions and systemic risks. In short, it protects your freedom.

Analysts are forecasting prices of up to USD 3,700 per ounce by the end of 2025, with possible peaks of USD 4,500 if fears of recession increase. Source: libertex.com

In times of inflation, trade conflicts and such geopolitical tensions, the decision to sell should not be taken lightly. The sole purpose of holding your gold portfolio or continuing to buy is not to make high profits at some point, but to ensure that you are well positioned for the future. Come what may!

Physical gold is free property without counterparty risk.

Unlike bonds, bank deposits or ETFs, gold represents a real value that does not depend on the solvency of third parties. It is not a promise, but a real value.

In a world in which almost everything is abstracted and digitized to the point of absurdity, this is remarkable. If we take a look at the well-known currency and sovereign debt crises of the last 100 years, we can see that gold was always the last anchor of value that people could rely on. Examples include Argentina, Venezuela and Cyprus in 2013.

The world is in debt. Don't be too!

According to the IMF, global debt will amount to over 315% of global GDP in 2025. Historically, there have only been three ways to deal with such debt:

• Hyperinflation

  
  

• Government bankruptcies or defaults

  
  

• Financial repression (expropriation through negative interest rates, capital controls, special levies)

In all three cases, gold was a refuge for wealth.

In 2024, central banks worldwide bought 1,045 tons of gold, the third year in a row with purchases of over 1,000 tons. The central banks of China, Poland and Singapore were particularly active. These purchases serve to diversify currency reserves and protect against geopolitical risks. So why should central banks try to protect themselves if there is no reason to worry? Source: World Gold Council - Gold Demand Trends 2024, Investopedia

The price of gold also rose significantly during the global financial crisis in 2008:

• 2008: +8,29 %

  
  

• 2009: +25,04 %

  
  

• 2010: +29,24 %

  
  

• 2011: +8,93 %

This is just another past development that shows that gold is indispensable as a hedge in times of economic uncertainty.

Source: StoneX - Gold and the Global Financial Crisis of 2008

In the long term, gold's strength lies in not falling when everything else is falling. This is exactly why big investors like Ray Dalio or Stan Druckenmiller buy gold as a “strategic hedge”.

It is accepted as a store of value in every country, on every continent and under every regime, from democracies to dictatorships, in open markets as well as in crisis areas. Gold is therefore on everyone's lips, but hardly anyone has it in their hands. The psychological entry threshold is high, which is precisely why physical gold offers so much protection for those who own it.

Is it really your property?

In a previous blog post entitled “The bank becomes a guardian”, we discussed the dangers of placing one's values in the hands of state institutions. Executive Order 6102 is a historical event that justifies this danger.

On April 5, 1933, US President Franklin D. Roosevelt signed this order, which banned the hoarding of gold coins, bars and certificates. Citizens had to hand in their gold to the Federal Reserve by May 1, 1933 and received $20.67 per ounce in return. Shortly afterwards, the price of gold was set at $35 per ounce, which corresponded to a covert expropriation of around 70%. This ban was not lifted until December 31, 1974. But what does Executive Order 6102 show us?

1. gold is never “neutral” but strategically important.

In the event of a crisis, the state has the interest and the power to access its citizens' gold reserves at any time. The fact that a democratic state like the USA prohibits private gold ownership shows that gold is more than just a commodity! Gold is more than just a commodity! It is a power factor.

2. paper money can be manipulated. Gold cannot.

The immediate price increase from 20.67 $ to 35 $ per ounce after confiscation meant a secret devaluation of the US dollar by almost 70 %. Gold retained its value. The dollar did not.

3. if you want real ownership, you need access and independence

Only those who own their physical gold themselves or have it in legally secure storage (e.g. in independent high-security warehouses) can rely on it in an emergency. In today's world, the power of disposal cannot be taken for granted. It is a strategic asset.

4. Trust in states is no guarantee

The 1933 measure was justified with the protection of the economy, but it meant expropriation by law. Expropriations have also been carried out in the past in supposedly democratically governed states, often quietly and almost unnoticed by the public. In some cases, they were even made possible and prepared for by law, such as Article 14 of the Basic Law. This raises a central question: Why are legal bases for expropriations created if such measures are not at least considered or prepared for?

Conclusion:

The case of 1933 is not a relic of the past, rather it is a warning. Even today, “history repeats itself” in many places. Those who hold gold today do so not only because of crises or inflation, but because gold does not lie, does not promise, does not disappear, but remains.

The storage of your values

In order to avoid the kind of expropriation we saw in 1933, sooner or later the question arises of where and how to store one's valuables. This is also the case with gold and other precious metals. The following applies:

Bank safe deposit boxes are not a safe place for precious metals!

Why?

In exceptional situations, there is no legally secure access to the contents, for example in the event of a banking crisis or government-ordered closures. Authorities can initiate measures such as blocking or confiscation on mere suspicion. This reverses the burden of proof: the affected citizen must prove their innocence and is initially considered a suspect.

In addition, there is usually no comprehensive insurance cover for the stored assets. If you really want to protect physical gold or silver, you should look into secure, bank-independent storage solutions.

The alternative is independent high-security storage facilities outside the traditional banking system. These offer:

• 24/7 monitoring and access protection

  
  

• Fully insured storage (also protected against misappropriation)

  
  

• Legally clean ownership structures

  
  

• Access even in exceptional situations

It is also advisable to store a small amount of your inventory at home as a cash substitute for emergencies. We will be happy to advise you on high-security storage facilities and suitable storage options for your home. Simply send an email to info@via-bonum.com.

Conclusion

Gold is not purely a speculative asset, but a strategic hedge against economic uncertainties. Whether you have already invested or are planning to do so, it is crucial to view gold as a safeguard for your freedom and to store it accordingly.

The crucial question is not how much of your money you protect against expropriation and inflation, but how much you are prepared to expose to this risk.

Let's look together at how we can integrate gold into your personal portfolio. Write us an email or give us a call. We look forward to hearing from you!