If you lose your way in the face of the current turbulent stock market

If you stand still in front of the current high-altitude property market,

Then, add some gold, which may calm you down.

In fact, gold has already entered the investment horizon of China residents. From paper gold to physical gold, and then to the China Securities Regulatory Commission officially approving the listing of gold futures on the Shanghai Futures Exchange, gold investment has already started a prairie fire in China.

Bottom from 1999, 25 1 USD/oz. After a period of bottoming out, gold began its bull market trip in 2002, and on May 12, 2006, it rushed to the highest point of 730 US dollars per ounce in 25 years, and it is still at the highest point in July1June.

The rediscovery of gold price is not accidental, because 200 1 year 9. 1 1 Since the terrorist attacks in the United States, global prices and asset prices have been rising under the impetus of the Federal Reserve's printing press, and the purchasing power of money, especially the purchasing power of the US dollar, has dropped sharply. As the natural enemy of inflation, gold is naturally favored.

This can also be seen from the purchasing power of RMB in China. Although the income level of China residents is several times higher than that of 20 years ago, the purchasing power of money has not increased at the same time. Twenty years ago, you might have invited friends to Beijing and Shanghai for dinner for 20 yuan. Now, if you don't have a treat for 300 yuan, you may have a bad face. Twenty years ago, you could buy a suite with four or five years' salary. Now it may take 30 years to live in a new house that is not too far away.

Don't expect the purchasing power of this kind of money to recover. Since former US President Nixon rescued the US dollar from the cross price of gold at 197 1, the US dollar, for the Federal Reserve, is a "bit" in Canadian paper pulp or computer, which can be created infinitely, although the current US fiscal and current account deficits are still hovering at a record high. And those countries linked to the dollar, their currency purchasing power is also close behind.

Moreover, in the foreseeable future, the purchasing power of the dollar, or the purchasing power of the currency linked to the dollar, will continue to decline. Even if the global economy is submerged in the bubble except Europe and Japan, the Federal Reserve is likely to continue to inject capital into the market at its next meeting to save the financial market dragged down by the subprime mortgage crisis.

As the third largest gold producer in the world, although the purchasing power of the US dollar still has a long way to go, it is still difficult for China's RMB to get rid of the dominance of the US dollar and gold in the short term. At present, the RMB exchange rate is still fluctuating within a narrow range, and the US deficit and China's balance of payments surplus will tie China's economy and the US economy together.

If you don't believe in the art of central bankers, if you don't believe in the science of central banks, then you should believe in gold. The king of money, which has been handed down for thousands of years, may help you find stability in this world economy flooded with paper money.