C++: Is it safe to cast pointer to int and later back to pointer again?

Is it safe to cast pointer to int and later back to pointer again?

How about if we know if the pointer is 32 bit long and int is 32 bit long?

long* juggle(long* p) {
    static_assert(sizeof(long*) == sizeof(int));
    int v = reinterpret_cast<int>(p); // or if sizeof(*)==8 choose long here
    do_some_math(v); // prevent compiler from optimizing
    return reinterpret_cast<long*>(v);
}

int main() {
    long* stuff = new long(42);
    long* ffuts = juggle(stuff); 
    std::cout << "Is this always 42? " << *ffuts << std::endl;
}

Is this covered by the Standard?