#美国贸易赤字状况 Gold Surpasses US Treasuries for the First Time, Becoming the World's Largest Reserve Asset—What Signal Does This Inflection Point Reveal?
Recent market movements are indeed worth paying attention to. Central banks around the world are shifting their asset allocation strategies, and gold's appeal is rising again. Recent geopolitical events pushed up gold prices, with gains of 3.8% in two days. While there was some pullback afterward, the deeper trend has already formed.
Why is this happening? Simply put, countries' confidence in US Treasuries is wavering. Asset freezes are not hypothetical—they have actually occurred. In comparison, gold's value as hard currency is undeniable—it does not depend on any political system and has historically been the ultimate safe-haven asset.
The data is straightforward: year-to-date as of 2025, gold prices have risen 66%. To put it in perspective, a 100,000 yuan gold investment at the start of the year has now appreciated to 166,000 yuan. Behind this rally lies a process of global liquidity repricing.
Interestingly, if gold is re-establishing itself as the king of reserves, what is the situation for Bitcoin, hailed as "digital gold"? Countries like Venezuela are already strategically accumulating crypto assets—this may be no coincidence.
Short-term volatility is normal, but once the direction is established, financial market reshuffles typically execute decisively. Whether traditional safe havens or new asset classes, the reserve reconfiguration cycle has begun.
#美国贸易赤字状况 Gold Surpasses US Treasuries for the First Time, Becoming the World's Largest Reserve Asset—What Signal Does This Inflection Point Reveal?
Recent market movements are indeed worth paying attention to. Central banks around the world are shifting their asset allocation strategies, and gold's appeal is rising again. Recent geopolitical events pushed up gold prices, with gains of 3.8% in two days. While there was some pullback afterward, the deeper trend has already formed.
Why is this happening? Simply put, countries' confidence in US Treasuries is wavering. Asset freezes are not hypothetical—they have actually occurred. In comparison, gold's value as hard currency is undeniable—it does not depend on any political system and has historically been the ultimate safe-haven asset.
The data is straightforward: year-to-date as of 2025, gold prices have risen 66%. To put it in perspective, a 100,000 yuan gold investment at the start of the year has now appreciated to 166,000 yuan. Behind this rally lies a process of global liquidity repricing.
Interestingly, if gold is re-establishing itself as the king of reserves, what is the situation for Bitcoin, hailed as "digital gold"? Countries like Venezuela are already strategically accumulating crypto assets—this may be no coincidence.
Short-term volatility is normal, but once the direction is established, financial market reshuffles typically execute decisively. Whether traditional safe havens or new asset classes, the reserve reconfiguration cycle has begun.