史诗级暴涨！资金买爆这类资产

Core Viewpoint - The historical surge in gold prices, surpassing $4,000 per ounce, reflects a significant shift in global economic dynamics and highlights the increasing value of gold as a safe-haven asset amid geopolitical tensions and economic uncertainties [1][4]. Group 1: Factors Driving Gold Prices - The rise in gold prices is attributed to multiple factors creating a "perfect storm," including persistent geopolitical conflicts such as the Russia-Ukraine war and the Israel-Palestine conflict, which have heightened global geopolitical risk premiums [6][7]. - The trend of de-dollarization is gaining momentum, as the U.S. has weaponized the dollar, prompting many non-Western countries to reconsider their asset allocations for strategic security [9][10]. - The Federal Reserve's shift in monetary policy, including recent interest rate cuts, has made gold more attractive as a "no-yield" asset, with significant inflows into gold ETFs indicating strong market interest [11][14]. Group 2: Central Bank Purchases - As of August 2025, global central bank gold reserves are valued at approximately $4.5 trillion, surpassing the $3.5 trillion in U.S. Treasury holdings, marking a historic shift in reserve asset preferences [17]. - Central banks have been net buyers of gold since the 2008 financial crisis, with record purchases in recent years, including 1,082 tons in 2022 and 1,037 tons in 2023 [17][18]. - Emerging market economies, particularly China, have led the recent gold buying spree, with the People's Bank of China increasing its reserves for over 20 consecutive months [18][19]. Group 3: Investment Strategies - Ray Dalio, founder of Bridgewater Associates, suggests that investors should allocate up to 15% of their portfolios to gold, emphasizing its role as a hedge against inflation and geopolitical risks [24][26]. - Dalio compares the current economic environment to the 1970s, where high inflation and government debt levels eroded confidence in fiat currencies, reinforcing the importance of gold as a wealth preservation tool [28][32]. - The article discusses various ways for ordinary investors to participate in the gold market, including gold ETFs, futures, and physical gold, highlighting the advantages of gold ETFs for their liquidity and low fees [36][39].