Gold stock prices are soaring, with gold reaching record levels of $2,902 per ounce this week, driven by significant central bank purchases and geopolitical uncertainties. MicroStrategy, now known as “Strategy,” made headlines by acquiring 7,633 BTC at an average price of $97,255 each between February 3 and February 9, 2025.

According to the World Gold Council, central banks are purchasing gold at a rapid pace, stockpiling a total of 694 tons within the first ten months of 2024. This trend is primarily influenced by countries such as China, Poland, India, and Turkey, as they move away from the U.S. dollar to shield their economies against inflation and instability. Analysts predict even more increases in gold prices as geopolitical tensions escalate.

“Accounting for US inflation, gold is as expensive as it has ever been” — Tracy Shuchart (@chigrl) February 11, 2025.

The competitive landscape is heating up, as companies like MicroStrategy position themselves for long-term gains in both gold and Bitcoin assets.