Core Viewpoint - The article discusses the rising trend of individuals investing heavily in gold, often through loans and mortgages, driven by a speculative mindset and a belief in the long-term value of gold despite the inherent risks involved [1][8]. Group 1: Investment Behavior - Individuals like Zhang Qiang and Xiao Liang are engaging in significant gold purchases, with Zhang investing 30 million in gold through loans, while Xiao invested 50 million, with a substantial portion financed through borrowing [3][5]. - The gold price has seen substantial increases, with a 28% rise in 2024 and a 23% increase from January 2025 to April 2025, prompting many to speculate on further gains [3][11]. - Many investors express a sense of control over their risks, believing that their financial situations allow them to manage the potential downsides of their investments [7][10]. Group 2: Market Dynamics - The recent surge in gold prices is attributed to global economic uncertainties, including high tariffs and inflation concerns in the U.S., which have led to increased demand for gold as a safe-haven asset [11][12]. - The article highlights the volatility of the gold market, with Zhang experiencing a significant drop in gold prices shortly after his purchase, illustrating the unpredictable nature of such investments [9][12]. - Experts warn that the current market conditions are complex, and impulsive investments based on short-term price movements can lead to severe financial consequences for investors [12].