观察| 黄金还能买吗？

Core Viewpoint - The article emphasizes that gold is not merely a speculative asset but a "hard currency relic" that has maintained its value over millennia, especially in times of economic turmoil and currency devaluation [2][3]. Group 1: Historical Context of Gold as Currency - Gold has historically served as the ultimate backup currency, contrasting with fiat currencies that lack intrinsic value and are subject to government manipulation [5][6]. - The article outlines two types of currencies: those backed by tangible assets like gold and those that are fiat, which can be printed without limit, leading to potential economic collapse [6][7]. - Historical events, such as the abandonment of the gold standard by the U.S. in 1933 and 1971, illustrate how fiat currencies can lead to inflation and a surge in gold prices during crises [9]. Group 2: Gold's Protective Qualities - Gold provides two key protective features: it is resistant to devaluation and confiscation, making it a safe haven during economic instability [10][12]. - The article highlights that fiat currencies can lose value rapidly due to excessive printing, while gold's supply is limited and not subject to government control [10]. - In times of crisis, gold often appreciates as other assets decline, serving as a stabilizing force in an investment portfolio [12]. Group 3: Asset Allocation Strategy - Gold should be viewed as a risk management tool rather than a profit-generating asset, with a recommended allocation of 5% to 15% in investment portfolios [13][15]. - The article advises against treating gold as a speculative investment, emphasizing its role as a "lifebuoy" during economic downturns [13][15]. - In extreme scenarios, such as a collapse of the currency system or geopolitical conflicts, increasing gold holdings may be warranted [15]. Group 4: Conclusion on Gold's Role - Gold is characterized as a "mirror" reflecting the state of currency, with its value tied to the broader economic environment rather than short-term price fluctuations [16][17]. - The article concludes that while gold may not lead to overnight wealth, it is essential for safeguarding family assets against unforeseen risks in a volatile monetary landscape [17].