黄金再创新高，牛市炒股却为什么挣不了钱

Core Viewpoint - The article discusses the contrasting performance of gold and stocks in the current market, highlighting that while gold has reached new highs, it has not become the mainstream investment choice for the general public, who often suffer losses in the stock market [2][3][12]. Group 1: Gold Market Analysis - Gold has shown a remarkable increase, with international gold prices rising above $4,200 per ounce, reflecting a 92% increase since the beginning of 2023, outperforming most other asset classes [5][7]. - The demand for gold is significantly influenced by geopolitical risks, which have contributed to a 173% increase in its pricing dynamics [8][10]. - Central banks have been major players in the gold market, purchasing 1,136 tons in 2022, marking the highest level in 55 years, which supports gold prices as they prioritize asset safety and liquidity over immediate returns [9][10]. Group 2: Stock Market Dynamics - The stock market has seen significant volatility, with many retail investors experiencing losses despite a bullish market environment, often driven by irrational trading behaviors such as chasing trends [13][15]. - The article emphasizes that the nature of stock trading can lead to bubbles, where ordinary investors may not realize the true value of their investments, resulting in losses even during bull markets [15][16]. - Institutional investors, like Warren Buffett, tend to avoid losses by maintaining a long-term perspective and understanding market fundamentals, contrasting with the behavior of retail investors [16][17]. Group 3: Investment Philosophy - Investment is portrayed as a journey of personal growth and understanding, where successful investors develop mature investment philosophies and strong emotional control [4][17]. - The article suggests that rather than focusing solely on whether to invest in gold or stocks, individuals should cultivate wisdom and understanding of market dynamics and human behavior [27].