In the last few days, gold has recorded a new record on international markets, exceeding $ 3,700 the ounce in the exchange at ready and with an increase of $ 0.41% in a few hours thanks to the $ 3,738 the ounce reached at the end of the session on September 22, 2025.
These numbers, never touched before, confirm the strength of the precious metal in an economic context characterized by uncertainty, oscillation rates and an inflation that continues to remain one of the main concerns of investors.
Gold is the good refuge par excellence
It is not just about technical data, but a real signal, in a world where traditional investments are questioned, gold once again proves to be the good refuge par excellence.
In support of this thesis, Morgan Stanleyone of the most authoritative business banks in the world, has recently suggested a new wallet strategy to its customers, explained by its Chief Investment Officer Mike Wilson in an interview a Reuters.
Farewell to the strategy 40/60 after the gold record
Traditionally, academic finance and investment consultants have always proposed a portfolio model based on 60/40:
- 60% in shares;
- 40% in bonds.
It is a diversification deemed capable of balanced growth and stability, since actions offer performance in periods of economic expansion, while the bonds guarantee protection and coupon in times of crisis.
Today, however, this scheme appears less effective. The bond yields, albeit in ascent, are often eroded by inflation, while long -term government bonds require increasingly high risk prizes. The American bags, despite the records of Nasdaq and S&P 500, show a more limited growth potential than in the past.
For this the Morgan Stanley proposes a new paradigm:
- 60% shares;
- 20% bonds;
- 20% gold.
It is the formula of 60/20/20, which recognizes a strategic role as a asset to precious metal anti-Fragilethat is, capable of resisting and even strengthening in moments of systemic stress.
As Wilson pointed out:
Gold and high quality actions are today the best coverage tools.
In other words, gold is no longer a marginal addition or a reserve to be kept only in emergency, but becomes an integral and structural part of the heritage protection strategy.
Because gold is the right asset right now
There are concrete and current reasons that explain why today gold represents an investment opportunity.
The first reason concerns inflation. Although central banks are being done, prices continue to rise more than expected and gold, which historically has shown that it is a safe refuge against the increase in prices, maintains its value, protecting your purchasing power from erosion.
Then there is the geopolitical factor. Today’s world is rather turbulent. Wars (also commercial) and the consequent uncertainties about global supplies push many investors to look for a sort of safe harbor. And once again gold, in these instability scenarios, is confirmed (as already mentioned) the good refuge par excellence.
An important role also plays monetary policy. Despite the cuts of interest rates, the liquidity in the circle is in fact still a lot. This situation could lead to the formation of speculative bubbles and in a context of the genre, having a concrete and tangible asset like gold is a choice that many consider much safer.
Finally, the question of the central banks, which in recent years, especially those of the emerging countries, have started to buy more and more gold, has its weight. They do so to diversify their reserves and to decrease their dependence on the dollar. The increase in demand by such important institutions does nothing but support and strengthen the value of gold.
How to invest in gold: all options
For an investor today there are several ways to add gold to the wallet:
- physical gold;
- Etf on gold;
- Futures and options;
- Auirifere company shares.
Lingotti and coins are the most traditional form, ideal for those looking for direct contact with the asset. However, they require safe custody and additional costs. ETFs are quoted financial instruments that replicate the trend of the price of the metal, easy to exchange as an action and without storage problems.
Futures and options are derivative contracts for more experienced investors, which allow to speculate on the price variations also with a lever. Finally, the actions of companies that extract gold are a more risky but potentially very profitable choice.
Evaluate these options makes sense above all considering that the recommendation of Morgan Stanley It is clearly placed with a medium-long term perspective, that is, it is not a momentary choice linked to the current situation of the markets, but a strategy to be maintained over time, useful to protect the savings even in future years.
