金价暴跌、白银遭收割、水贝“消失”133亿！这些钱究竟去了哪？

Group 1 - The core issue is the unprecedented drop in silver prices, with a single-day decline exceeding 36%, marking the largest drop in history [1][3] - The recent volatility in gold and silver prices has left many investors confused, particularly following the collapse of a private gold platform that failed to repay 13.3 billion yuan [3][4] - The collapse of the platform is attributed to a high leverage model of 40 times, which is significantly higher than regulated futures markets, leading to inevitable failure [4][6] Group 2 - The platform's operational logic involved locking in gold prices with a small deposit, allowing for high leverage, which ultimately resulted in massive losses when gold prices fluctuated [4][6] - The funds that were supposed to be available for redemption likely never existed, as the platform operated on a model that relied on new investors to cover previous losses [8][10] - The recent drop in gold prices has not resulted in a loss of money but rather a transfer of wealth to short-sellers and those who exited the market at high prices [10][12] Group 3 - The significant volatility in silver prices is primarily due to "margin calls," where falling prices force investors to liquidate positions, creating a domino effect [13] - The Shanghai Futures Exchange has a leverage limit of 7 times for gold and 5 to 6 times for silver, while the private platform operated without regulation, increasing risk [15] - Recent trading activity has led to the suspension of certain silver and gold-themed funds due to extreme price discrepancies and regulatory constraints on buying limits [17][19] Group 4 - There is a common misunderstanding between gold jewelry and gold bars, contributing to poor sales in jewelry stores, as consumers are hesitant to purchase at high prices [19][21] - The profit margins for jewelry retailers are low, with major companies reporting net profit margins of only 6.4% for Chow Tai Fook and 3.4% for Lao Feng Xiang, leading to cash flow pressures [21] - The market dynamics indicate that investors should engage with regulated channels for gold purchases to avoid high-risk platforms and ensure better investment security [23]