史诗级暴涨！资金买爆这类资产

Core Viewpoint - The article emphasizes the historical significance of gold prices surpassing $4000 per ounce, highlighting a 53% increase in spot gold this year, making it a standout asset globally [2][4]. Group 1: Factors Driving Gold Prices - Geopolitical tensions, including the ongoing Russia-Ukraine war and the Israel-Palestine conflict, have normalized conflict and increased global geopolitical risk premiums, supporting gold's value [7][8]. - The trend of de-dollarization is gaining momentum, with countries reacting to the U.S. weaponizing the dollar, leading to a strategic shift in asset allocation towards gold [10][11]. - The Federal Reserve's shift in policy, including recent interest rate cuts, is expected to further influence gold prices, as lower rates typically boost gold's appeal [14][18]. 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 reserves for the first time in 29 years [21]. - Central banks have shifted from being net sellers to 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 [22][23]. - Emerging market economies are leading the current gold buying spree, with significant purchases from countries like China, Poland, and India [25][27]. Group 3: Investment Strategies - Ray Dalio, founder of Bridgewater Associates, suggests that investors should allocate up to 15% of their portfolios to gold, reflecting its status as a crucial hedge against economic uncertainties [36][41]. - The article discusses various ways for ordinary investors to participate in the gold market, including gold futures, physical gold, paper gold, gold stocks, and gold ETFs, each with its advantages and disadvantages [50]. - Gold ETFs, particularly the Hua Xia Gold ETF, are highlighted for their liquidity, low fees, and ability to track gold prices closely, making them an attractive option for investors [51][53].