打响财富保卫战！通胀下的终极答案：这三样才是真硬通货 2025年以来，全球通胀格局呈现"分化中仍存压力"的特征——部分国家通胀率虽从高位缓慢回落，但食 品、能源、服务等核心领域物价粘性较强，土耳其央行11月上调2025年末通胀预测区间至31%-33% ， 国内市场也面临输入性通胀与结构性物价上涨的双重影响，居民财富保值增值的需求愈发迫切。在货币 购买力面临侵蚀、各类资产价格波动加剧的背景下，"什么能抵御通胀"成为大众最关心的财富命题。并 非所有资产都能穿越通胀周期，真正的"硬通货"必须具备稀缺性、政策支撑性与价值稳定性。2025年多 部门密集出台的政策文件与官方数据，已清晰指向三类核心资产——黄金、绿色电力证书、高股息核心 资产，它们凭借各自的属性与政策红利，成为通胀环境下守护财富的"压舱石"，每一项选择都有权威依 据可查，每一组数据均来自官方发布，为财富保卫战提供明确方向。 在通胀环境下，权益资产中的高股息核心资产凭借稳定现金流与政策加持，成为对抗物价上涨的重要选 择。2025年10月12日，中央金融办、证监会等六部委联合印发《关于推动中长期资金入市工作的实施方 案》，明确引导社保基金、保险资金等中长期资金 ...

说起比特币储备这事儿，得从2020年说起。那时候，好些科技公司开始琢磨怎么处理手头的闲钱，不想让现金躺在银行里贬值，就转头去买比特币。带头 的是MicroStrategy这家公司，他们的老板Michael Saylor下定决心，用公司资金大笔买入。 第一次出手是2020年8月11日，花了2.5亿美元，换来大约2.1454万枚比特币。买的时候，市场价不算高，他们挑了波动小的时段，分批下单，避免搅动价 格。接着，9月10日又扔进去1.75亿美元，拿下1.6796万枚。这两次动作，让他们的储备一下子就上万枚了。公司文件里写得清楚，这不是炒短线，而是当 成长期资产，顶替现金的位置，因为觉得比特币能抗通胀。 到2020年底，他们不满足于用自家钱，又开始发债券融资。发行了6.5亿美元的可转换债券，持有人可以选转股或拿现金，转换价定在每股397.99美元左 右，高于当时股价。钱到手后，继续买比特币，储备量蹿到3.8万枚。市场一看这操作，股价跟着水涨船高，从买前翻了两倍多。比特币那年从1万美元爬 到2万美元，帮了大忙。其他公司瞅着，也有点动心，但大多还观望，只有少数小软件公司试水，买了点零头。 但也不是一帆风顺，第三季度比特 ...

过去几年，科技股无疑是投资市场的耀眼明星，人工智能、半导体这些赛道吸引着资金疯狂涌入。 但风向正在悄然转变！ 进入2025年，一个传统板块——有色金属，正以惊人的涨势挑战科技股的"顶流"地位。 截至2025年9月，申万有色金属行业指数年内累计涨幅高达52.84%，在31个申万一级行业中位居涨幅榜第一，超越了长期称雄的通信行业。 9月伊始，市场已经明显看到机构调仓的变化，从高位的科技股转向了有色金属、化工等相对低位板块。 这种转变并非空穴来风，而是基于能源转型带来的长期刚性需求、供给端持续收紧、通胀预期下的资产保值属性以及估值优势凸显这四大硬逻辑的支撑。 有色金属，这个曾经的"老周期"，如今正凭借其"需求实打实增长"的坚实基本面，展现出比科技股更高的性价比。 全球主要经济体都在发力"新基建"和"能源转型"，中国的"双碳"目标、欧美的"绿色新政"，都离不开大量有色金属资源的支撑。 一辆新能源汽车的用铜量是传统燃油车的2-3倍，一套光伏电站的用铝量比传统火电多50%以上，而1GWh锂电池则需要消耗约6000吨锂、2000吨钴和3万吨 镍。 国际能源署（IEA）预测，到2040年，全球新能源关键金属如锂、钴、镍等的需 ...

老铁们，重磅信号来了！最近美联储多位官员集体放鹰，直言"不支持12月降息"。市场原本以为稳了的年底降息，突然变得悬念重重——这帮掌管全球经济 命脉的"神仙"，到底在纠结什么？ 先看现场直击： 二是经济比想象中硬朗。企业盈利稳健，就业市场虽放缓但未崩溃，美联储理事穆萨莱姆甚至判断"经济明年可能反弹"。换句话说：病得不重，何须猛药？ 对中长线投资者的启示： 1. 美元资产短期承压：降息推迟意味着美元维持强势，美股高估值板块（尤其是科技股）可能继续震荡； 2. 关注"抗通胀"资产：黄金、能源股、资源类品种在利率高位期往往有超额收益； 3. 保留现金弹药：美联储按兵不动，市场波动可能加大，手里有现金才能捡便宜货。 我是帮主郑重，专注中长线的财经老炮#一分钟视频创作季# 。关注我，用望远镜看趋势，用显微镜挖机会！ 达拉斯联储行长洛根直接摊牌，说"除非看到通胀更快回落的明确证据"，否则反对12月降息。明尼阿波利斯联储主席卡什卡利更狠，坦言自己"压根不支持 10月那次降息"，觉得经济韧性超乎预期。就连一向温和的旧金山联储主席戴利也打太极，称"现在断言12月是否降息还为时过早"。这帮人的集体转向，让 市场降息概率从一个月前的 ...

每经记者｜岳楚鹏 每经编辑｜兰素英 10月14日，现货白银再度创造历史，盘中价格一度冲高至每盎司53美元，创下历史新高。截至发稿，价格回落至51.56美元。 2025年初至今，白银已经累计上涨约80%，远超同期黄金约57%的涨幅。 伦敦市场出现前所未有的现货紧张，库存告急、交割延迟，部分机构甚至包下跨大 西洋航班的货舱，空运笨重的银锭——这种昂贵操作通常只用于金条运输——以赚取伦敦市场的溢价。 从历史上看，这并非白银第一次点燃全球市场的想象力。1980年，在通胀肆虐与市场操纵的狂潮中，白银被得州亿万富翁亨特兄弟推至50.35美元的高位； 2011年，在量化宽松与避险情绪的裹挟下，白银再度逼近这一心理关口。但两次疯狂的行情均以大跌结束。 如今，白银涨至53美元的历史高位，让市场不得不思考：这一次，究竟是投机旧梦重演，还是一个新的金属时代正在开启？白银能否打破"50美元魔咒"？ 1980年：石油大亨垄断下的畸形狂欢 1970年代末，美国经历了严重通货膨胀和经济动荡，投资者纷纷寻求硬通货避险。 彼时黄金和白银作为抗通胀资产受到追捧，两位得克萨斯州石油大亨——纳尔逊·邦克·亨特和小威廉·亨特兄弟笃定法定货币将大幅贬值 ...

Core Viewpoint - The long-term outlook for currency devaluation trades remains positive, with expectations that gold prices could reach $6,000 by spring next year based on historical bull market performance [1][2]. Group 1: Market Adjustments and Opportunities - The recent adjustment in the precious metals market, where gold failed to break $4,000 and silver faced pressure around $50, is attributed to short covering in dollar trades, creating better entry points for future price increases [1][2]. - Institutional and private client allocations to gold are still low, at 2.3% and 0.5% respectively, indicating a lack of structural bullish positioning in the market, which provides ample room for future price increases [4][2]. Group 2: Historical Data and Projections - Historical data from past bull markets shows an average gold price increase of approximately 300% over a duration of 43 months, suggesting a potential peak of $6,000 for gold by spring 2024, contingent on a 28% increase in investor purchases [2][3]. - The average performance of gold from 1970 to 2020 indicates significant price increases during bull markets, with the most recent cycle (October 2022 to October 2025) projected to yield a 147% increase [3]. Group 3: Policy and Economic Factors - Factors supporting long-term gold price increases include anticipated changes in Federal Reserve policy, government stimulus measures, and potential gold revaluation similar to historical precedents in 1934 and 1973 [5][2]. - Policies like Argentina's rescue plan are seen as typical examples of "prosperity bubble policies," which tend to raise inflation expectations and boost demand for inflation-hedging assets like gold [5]. Group 4: Commodity Market Dynamics - A significant shift in the commodity market is noted, with the current ratio of oil to gold prices indicating that 61 barrels of oil are now needed to purchase one ounce of gold, compared to 15 barrels in June 2022, marking an unusual historical phenomenon [6]. - Expectations for oil prices to potentially drop to $50 per barrel could provide a favorable environment for inflation control and consumer welfare, while also meeting the energy demands of AI development [9]. Group 5: Future Price Predictions - The company has raised its gold price forecast for 2026 to $5,000 per ounce, with an average price projection of $4,400, while silver prices are expected to rise to $65 per ounce, with an average of $56.25 [10].

对于金价未来走势，市场不乏乐观预测。有美国分析家认为，到 2028 年底至 2029 年初（特朗普任期可 能结束的时间段），国际黄金价格或飙涨至 7000 美元 / 盎司，届时国内饰品黄金价格可能达到 1600- 2000 元 / 克。这一预测虽显激进，却反映出市场对黄金的信心 —— 只要特朗普政府持续推动宽松货币 政策、美国经济风险未得到有效缓解，黄金作为避险与抗通胀资产的吸引力就不会减弱。对普通民众而 言，需理性看待金价波动，若出于投资目的购金，还需充分考虑自身风险承受能力，避免盲目跟风。 美国的降息预期与经济风险，更是为金价上涨添了 "一把火"。特朗普对美联储政策不满，强压之下美 国 9 月已实施一次降息，且有消息称他希望未来将利率降至 0 左右 —— 当前美国利率约 4.5%，这意味 着巨大的降息空间。一旦美元进入持续降息周期，美元汇率大概率走弱，而以美元定价的黄金、石油等 国庆假期期间，国际黄金价格一路飙升，突破 4000 美元 / 盎司大关，这波涨势让不少人直呼 "意外"。 对正筹备婚礼的年轻人来说，金价上涨直接改变了婚嫁消费计划 —— 原本的 "五金" 需求不得不缩减为 "三金"，毕竟饰品黄金价 ...

Group 1 - The essence of the reserve requirement cut is to increase liquidity in the market, allowing banks to lend more, but merely saving money may lead to losses due to inflation [1][3] - Current deposit interest rates are at historical lows, making savings less effective as inflation may erode purchasing power [3] - The influx of liquidity may drive up asset prices in stock and real estate markets, presenting opportunities for investment rather than passive saving [3] Group 2 - Individuals should focus on restructuring asset allocation to ensure money is actively working for them, seeking investments that can outpace inflation [1][5] - Emphasis on investing in "anti-inflation" assets such as quality stocks, index funds, and gold, which have historically provided better returns than savings [3][4] - The importance of balancing risk and return by diversifying investments across high-risk and low-risk assets to optimize potential returns in a low-interest environment [3][7] Group 3 - The reserve requirement cut signals a shift from a defensive to an offensive investment strategy, encouraging individuals to seize opportunities rather than merely protect their savings [5][6] - Personal development and skill enhancement are crucial for individuals to adapt to economic changes and seize high-income opportunities [4][7] - Building a strong network and understanding market trends can lead to better investment and career opportunities, emphasizing the need for proactive engagement [7][8]

Core Viewpoint - The A-share market experienced fluctuations on September 1, with the ChiNext index leading gains, while the Shanghai Composite Index showed narrow movements. Gold concept stocks surged significantly, driven by rising international gold prices, which reached historical highs [2]. Market Performance - The ChiNext index outperformed other indices, indicating strong investor interest in growth sectors [2]. - Gold stocks such as Zhejiang Fu Holding, Zhongjin Gold, Huayu Mining, Hunan Gold, and Western Gold hit the daily limit, while others like Chifeng Jilong Gold, Zhaojin Mining, Shandong Gold, and Sichuan Gold rose over 7% [2]. Gold Price Movement - International gold prices opened high and continued to rise, with COMEX gold futures increasing by over 1%, peaking at $3,557.1 per ounce, marking a new historical high. Spot gold prices also broke through $3,480 per ounce, nearing the historical high set in April [2]. Economic Outlook - According to China International Capital Corporation (CICC), the U.S. is entering a prolonged phase of fiscal dominance and monetary coordination. Recent personnel changes support this assessment [2]. - Looking ahead, under fiscal dominance, the liquidity of the U.S. dollar may trend towards abundance, benefiting global risk assets. The potential for debt monetization, financial repression, and rising inflation may favor gold and other inflation-hedged assets [2].

Core Viewpoint - Ray Dalio, the founder of Bridgewater Associates, has sold all his shares and exited the board, marking the end of an era for the firm [1][3] Group 1: Leadership Transition - Bridgewater has completed the transition of power, with Dalio's exit symbolizing an "ideal conclusion" to ownership transfer [3] - Dalio had previously transferred all voting rights to the board and stepped down from key positions, although he remained involved in company affairs until now [3] - The transition process was lengthy and complicated, with various CEO combinations and even a lawsuit involved [3] Group 2: Financial Performance - Bridgewater's assets under management have decreased significantly, from $168 billion in 2019 to $92.1 billion by the end of 2024 [4] - The decline in management size is partly due to the implementation of a size cap on the flagship Pure Alpha fund to improve performance [4] - After the size cap, the fund's performance improved, achieving a return of 11.3% in 2024 and 17% in the first half of 2025, compared to a mere 5.9% over the previous five years [4] Group 3: Investment Strategy - In the first quarter of this year, Bridgewater significantly reduced its position in SPDR S&P 500 ETF while acquiring over 5.4 million shares of Alibaba, making it the largest individual holding [7] - The firm has also made substantial investments in gold ETFs, indicating a preference for safe-haven assets amid increasing global economic uncertainty [7] Group 4: Dalio's Economic Views - Dalio has warned about unprecedented levels of debt in countries like the U.S., predicting potential debt crises and significant currency devaluation [6] - He advises investors to avoid debt-related assets and instead invest in gold and Bitcoin as inflation-resistant "hard currencies" [6]