Core Viewpoint - The article argues that gold is a better long-term investment compared to holding US dollars, especially in the context of global monetary expansion and economic instability [2][3][15]. Group 1: Monetary Policy and Economic Context - Many countries have adopted similar strategies to address economic downturns, primarily through fiscal measures such as issuing debt, which leads to central banks purchasing government bonds and consequently results in monetary expansion [6][9]. - The US Federal Reserve's quantitative easing has resulted in significant debt burdens, with over 60% of its total assets being US Treasury bonds [7][9]. - The general trend of currency devaluation against the US dollar has been observed, with emerging market currencies depreciating by over 90% since the Bretton Woods system collapsed [11][15]. Group 2: Gold as an Investment - The demand for gold as a hedge against inflation and currency devaluation has increased, particularly as central banks have been accumulating gold due to concerns over the US dollar's credibility [23][25]. - China's central bank increased its gold reserves by approximately 12.76 tons in March 2025, continuing a trend of accumulation that has seen a total increase of about 56.93 tons since 2024 [25][26]. - Historical data shows that gold prices have experienced significant increases during periods of economic uncertainty, with a notable rise of nearly 30% in the first four months of 2025 [32]. Group 3: Comparison with Bitcoin - Bitcoin, while often touted as a potential replacement for gold, has shown extreme volatility, with prices fluctuating from $742 in November 2016 to a peak of $69,000 in November 2021, highlighting its instability as a currency [17][18]. - Unlike gold, which has a long-standing history as a stable store of value, Bitcoin lacks the same level of stability and is viewed more as a speculative asset [18][20]. Group 4: Global Economic Trends - The article suggests that the world is entering a phase of low growth and high volatility, where gold serves as an appropriate investment due to its properties of value preservation and risk mitigation [21][22]. - The ongoing structural issues in the global economy, including wealth disparity and economic imbalances, are likely to exacerbate the demand for gold as a safe haven asset [22][32].