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付鹏:现在对黄金的共识,是对极端情况的一种表达
Feng Huang Wang Cai Jing·2025-09-26 05:28

Group 1 - The "Phoenix Bay Area Financial Forum 2025" was held in Guangzhou, focusing on the theme "New Pattern, New Path" and gathering global elites from politics, business, and academia to explore development opportunities amidst changing circumstances [1] Group 2 - Economist Fu Peng highlighted that the rising gold prices reflect a consensus in the market regarding extreme situations, indicating widespread global concerns about significant potential risks [3] - Fu Peng noted that the strong performance of gold is influenced by a historical and cultural consensus on its value storage, which is not immutable [3] - He emphasized that the past decade has seen significant changes in geopolitical, economic, and global order, which may not be fully understood until viewed retrospectively [3] Group 3 - Fu Peng analyzed that the continuous purchase of gold by the Chinese central bank and private sectors, alongside the reduction of U.S. Treasury holdings, can be interpreted as a "vote of no confidence" in the traditional U.S. dollar credit system [4] - This behavior suggests a loosening of the old order and indicates that a new order is beginning to take shape, with an evolving consensus on value functions that remains to be observed [4]