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"Gold vs. Bitcoin: Which is the True Safe Haven?"

Humans have always fallen into the "temptation of the new," the moment when they think that modern technology or innovations can abolish the old and the foundations of truth.

As he appeared in The Matrix (The Matrix), where everyone thinks that the virtual world is the absolute truth, it becomes clear that the old real reality is the foundation, and that any simulation, no matter how convincing it may seem, cannot compete with it.

Some people thought that movies like The Matrix, which reveal that the power of reality often trumps the simulation of technology, are just stories that don't belong in reality, but there are constants that no modern glamour can erase.

In the world of finance, gold emerges as one of these constants, as a safe haven that has maintained its value throughout the ages, and is universally recognized.

In contrast, Bitcoin has emerged over the past decade as a digital asset that many have dubbed "digital gold", after attracting the attention of retail and institutional investors alike, as modern assets try to compete with the yellow metal and try to emerge as alternatives to protect wealth.

In a world marked by rising geopolitical tensions, inflation fears, and unpredictable economic cycles, investors are constantly looking for assets that can protect wealth when traditional markets are shaken.

-Gold... Traditional Safe Haven:
Until this morning's trading, gold was trading at record highs above $5,500 per ounce, the highest level in its history, driven by growing global uncertainty, a weaker US currency, and higher demand for physical assets.

Gold has gained more than 20% since the start of 2026, after jumping more than 60% in 2025, in one of the strongest multi-year ups in its modern history.

Dr. Mohammed Al Ghobari, CEO of the Dubai Economic Academy, said in an exclusive statement to Argaam that gold remains the most prominent safe haven throughout history, as its position has been shaped across civilizations throughout the ages as a symbol of power, wealth and sovereignty.

He added that countries have been measuring their economic status by the gold they possess, as it is supported by several key characteristics, including its tangible intrinsic value, as it does not depend on the creditworthiness of any government or institution, and its nature makes it less vulnerable to the risks of technology or digital disruptions.

He also pointed out that the yellow metal represents a hedge against inflation, as historically, gold has maintained its purchasing power during periods of high inflation and weak currencies, and in times of crisis, gold often moves independently of stocks and bonds.

When investors tend to abandon risky assets, gold tends to rise or at least maintain its value, making it an effective tool for preserving capital.

Reasons for the rise of gold:
The rise of gold above the USD 5,000 per ounce level in early 2026 coincided with escalating geopolitical tensions and the US dollar weakening.

Dr. Mohammed Al-Ghubari attributes the reasons for the precious metal's strong gains to the fact that in light of recurring global crises, from trade tensions to military and political conflicts, central banks continue to strengthen their gold reserves.

He explained that the continued buying of central banks reflects a long-term institutional orientation and not just a short-term speculative orientation, which puts gold in a very advanced position compared to other assets, and confirms that it sits on the throne of safe havens globally, followed by silver.

At the same time, he stressed that Bitcoin cannot be considered a safe haven due to its lack of stability characteristics and low volatility necessary for any hedging asset.

The World Gold Council estimates that central bank purchases in 2025 could exceed 1,150 tonnes of gold, a significant increase from previous years.

The most buying central banks for gold in 2025 (تقديرات):

China's 250 tons (الرقم based on Societe Generale's estimates, which say China's purchases are well above الرسمية) figures.

Turkey 140 tons of (الرقم derived from the estimates of the Gold Council العالمي)

-India 90 tons (الرقم derived from the estimates of the Gold Council العالمي)

Poland 70 tonnes (الرقم based on World Gold Council data as it was the largest buyer in the first half of 2025)

For his part, economic analyst Walid Djaballah attributed the strong rise of gold to the trade war between the United States and China.

He pointed to the moves of the Chinese central bank, which has converted part of its dollar reserves into gold, which is putting pressure on the US dollar and gradually affecting its value.

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