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#我在Gate广场过新年
More and more people around me are starting to buy gold. What do you think? Does it really preserve value?
Buying gold is essentially shorting the local currency.
If you are confident in China's future, you may not need to buy gold; conversely...
The increasing number of people buying gold around me indicates that everyone is voting with real gold and silver.
The same applies in the US. More and more retail investors are entering the gold trading market, which essentially means they are shorting the US dollar.
In the end, gold is not a store of value; it is an insurance in the era of fiat currency.
The more unstable the world, the worse the global economy, the more expensive this insurance becomes; conversely, it will become cheaper. $XAU