（来源：中国宁波网） 转自：中国宁波网 2025年，黄金成为年度关键词之一，也是当之无愧的"话题之王"。黄金的一路高涨，屡屡刷新历史纪 录，又上演"过山车"式波动，点燃了无数人的投资热情，也触动了世界经济敏感的神经。 这一年，伴随金价上涨，各类黄金商品价格站上新高，但仍挡不住人们岁末年初的扫货狂欢，买婚庆三 金、投资金条首饰，情绪值直接拉满。 从金店柜台前人头攒动，到黄金理财产品热销，再到电商平台的爆单，银行与电商平台顺势而为，推出 了1克起投的积存金、金豆豆，把买金的门槛降到了一杯奶茶钱。 价格越高，话题越热，随着市场情绪外溢，人们很快发现，黄金不像股票有退市风险，也不像加密货币 一夜归零，涨价反而催生了 "抓紧上车""接盘也安全"的心理，于是，出现"越贵越买"的逆向追涨。 黄金是千年不变的支付符号，又是24小时交易的全球资产。从"天选之子"到话题之王，金价变动为何总 能引起普通人的关注？ 中国金融智库特邀研究员余丰慧告诉潮新闻记者：金价变动之所以引起普通人关注，是因为黄金不仅是 一种避险资产，也是文化和情感价值的象征。在经济不确定性增加时，普通投资者倾向于将资金转移到 更安全的资产上，而黄金由于其稳定性和 ...

Core Viewpoint - The article discusses the changing dynamics of population movement and economic conditions in China, particularly focusing on the decline of county-level cities and the implications for real estate investment [1][5]. Group 1: Population Movement - There has been a significant shift in population movement patterns, with individuals returning to their hometowns or lower-tier cities instead of moving to higher-tier cities, which was common in the past [2][3]. - The influx of people returning to lower-tier cities has created a temporary economic boost, but this is not sustainable as it relies on one-time wealth effects rather than ongoing income growth [4][6]. Group 2: Real Estate Market - The real estate market in many county-level cities is facing challenges due to population decline and lack of job opportunities, leading to stagnant or declining property values [1][8]. - The article suggests that while some county-level cities may maintain stable prices, the overall trend indicates a decrease in investment attractiveness for real estate in these areas [7][8]. Group 3: Economic Conditions - The article posits that the economic downturn driven by the real estate sector is nearing its end, and a shift towards new economic growth is expected, although this may not immediately benefit lower-tier cities [5][6]. - The long-term trend suggests that population density and economic efficiency will continue to favor higher-tier cities, leading to a potential resurgence in their economic activity [6].

Core Viewpoint - The article discusses the significant trend of dollar short-selling among Wall Street professionals, indicating a broader concern about the long-term decline of the dollar and the rise of gold as a preferred reserve asset [1][2][3]. Group 1: Dollar Decline - A record number of professional traders are shorting the dollar, raising questions about whether this decline is a temporary event or indicative of deeper issues [2]. - The decline of the dollar is viewed as a long-term process that accelerated after the Russia-Ukraine conflict in 2022, leading to a trend of de-dollarization among countries fearing SWIFT sanctions [3]. Group 2: Rise of Gold - Interestingly, the biggest beneficiary of the dollar's decline appears to be gold, rather than other fiat currencies, as its share in global reserves has increased significantly [4]. - From the third quarter of 2023, the dollar's share in global foreign exchange reserves fell below 50%, a decrease of 5.8 percentage points, while gold's share rose by 7.9 percentage points to 23.3% [6]. - This trend is supported by a report from the European Central Bank, which indicates that gold has surpassed the euro to become the second-largest reserve asset globally, with a projected share of 20% by 2024 [10]. Group 3: Future Projections - If the current trends of gold accumulation and de-dollarization continue, it is anticipated that gold could surpass the dollar as the world's preferred reserve asset by around 2030 [12]. - The article notes the irony of a return to gold as a reserve currency, contrasting it with the abandonment of the gold standard in the early 1970s [12].