面对这一扭曲的市场环境，两位投资巨头罕见地给出了相同的防御建议：持有实物黄金。 "债王"冈拉克指出投资者正进行"博傻游戏"，基于故事而非逻辑决策。桥水基金达利欧强调，债务驱 动的资产价格严重脱离真实价值，债务最终需偿还，资产变现将压低价格并可能引发经济崩溃。两位投 资巨头罕见地一致建议持有实物黄金作为防御。 桥水基金创始人达利欧（Ray Dalio）与"债王"冈拉克（Jeffrey Gundlach）同时指出当前经济中价格 信号已严重失真，债务驱动的资产价格脱离实际价值，这种"虚幻的财富"可能在现实冲击下迅速蒸 发。 周一，冈拉克接受播客采访时直言，市场正处于"狂热"状态。 他指出， 投资者基于对高估值将继续上涨的预期进行投机性买入，推动资产价格进一步脱离其真实价 值，这种基于故事而非逻辑的决策模式在历史上总会导致问题。 此前11月20日，达利欧在领英发文强调，以金融财富衡量的财富本质上只是屏幕上的数字，当债务被 用于购买资产时会催生不合理的价格。 他指出债务最终必须偿还，卖出资产换取现金的过程会压低价格，这种价格下跌往往正是引发经济崩 溃的导火索。 他们认为，在货币持续贬值、非理性繁荣终将转向悲观、债务偿还 ...

Core Viewpoint - The investment platform "DGCX Xin Kang Jia" has been identified as a fraudulent scheme, attracting approximately 2 million investors with a total involvement of 13 billion yuan, ultimately leading to its inability to process withdrawals and the founder's disappearance [1][5][9]. Group 1: Business Model and Operations - "DGCX Xin Kang Jia" operated under the guise of a virtual currency investment platform, promising daily returns of 1% and utilizing a multi-level marketing structure to recruit new investors [1][3][6]. - The platform falsely claimed to be affiliated with the Dubai Gold and Commodities Exchange (DGCX) and employed high-yield investment strategies to lure participants, which were later revealed to be part of a Ponzi scheme [5][9]. - Investors were encouraged to reinvest their earnings and recruit new members, with rewards structured based on the number of new recruits, creating a cycle of dependency on new investments for returns [6][10]. Group 2: Investor Experiences and Reactions - Many investors reported significant losses, with one individual claiming to have lost over 55,000 yuan (approximately 8,300 USDT) and others expressing frustration over their inability to withdraw funds [2][3]. - Despite the platform's collapse, some individuals continued to invest, demonstrating a willingness to engage in what has been termed a "fool's game" [4][11]. - The platform's operations ceased after it was reported that the founder had fled abroad, leaving investors without recourse [4][8]. Group 3: Regulatory and Legal Context - Multiple law enforcement agencies across various provinces have issued warnings about the risks associated with "DGCX Xin Kang Jia," highlighting its fraudulent nature and lack of regulatory approval [5][9]. - The operating entity, Guizhou Xin Kang Jia Big Data Service Co., Ltd., has been listed in abnormal business operations and has applied for deregistration, indicating its imminent closure [8][9]. - Legal experts have classified the platform's activities as illegal fundraising and fraud, emphasizing the need for investors to be cautious and informed about the legitimacy of investment opportunities [9][12].