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Rich people no longer speculate in real estate, but instead speculate in gold! Will prices skyrocket?

Gold has safe-haven properties. When the economic situation is bad, war occurs, inflation occurs, etc., the price of gold will rise sharply. Gold is a necessary quality for the foreign exchange reserves of most countries, and its status is even higher than that of the U.S. dollar, Japanese yen, euro, oil and other reserves. There are gold futures markets around the world, and prices are linked globally. Are these Chinese house speculators going to speculate in gold? They are making trouble in China. The price of gold is not decided by a country, but by a market. They are not worth mentioning outside of China. To say that they are a frog in the well is to praise them. If they want to leverage the price of gold, it is like It's as ridiculous as an ant trying to defeat an elephant.