CICC released a research report saying that in just one month after the beginning of the year, gold's performance set a number of records: 1) The upward slope almost exceeded everyone's expectations. Although bullish on gold is the mainstream of the market, the increase was as high as 25% in just one month, the first time since the 80s, which is probably unforeseen even for most gold bulls; 2) a “full decline” of more than 5,500 US dollars/ounce in a blink of an eye. The decline was more than 10% in one day, which is unprecedented since 1984. In the face of this huge shock, which is intertwined with sharp rises and falls, any point of measurement appears pale and weak, because: 1) the price of gold has clearly surpassed simple fundamentals, so traditional gold calculation models, such as actual interest rates, have already failed early; 2) grand narratives that influence greater geography and monetary system restructuring are also difficult to give a specific schedule for implementation; 3) The rapid rise in gold in the short term is very emotional and financial driven, making the pace even more difficult to grasp. However, aside from the short-term sharp rise and fall, gold exceeding 5,500 US dollars/ounce is indeed an important watershed. It indicates that the total value of gold stocks is comparable to the total stock of US debt. This is the first time since the 80s of the last century. It means that the global building established after the collapse of the Bretton Woods system, where the US dollar is anchored and the US dollar is based on US debt, has shown some signs of loosening.

CICC released a research report saying that in just one month after the beginning of the year, gold's performance set a number of records: 1) The upward slope almost exceeded everyone's expectations. Although bullish on gold is the mainstream of the market, the increase was as high as 25% in just one month, the first time since the 80s, which is probably unforeseen even for most gold bulls; 2) a “full decline” of more than 5,500 US dollars/ounce in a blink of an eye. The decline was more than 10% in one day, which is unprecedented since 1984. In the face of this huge shock, which is intertwined with sharp rises and falls, any point of measurement appears pale and weak, because: 1) the price of gold has clearly surpassed simple fundamentals, so traditional gold calculation models, such as actual interest rates, have already failed early; 2) grand narratives that influence greater geography and monetary system restructuring are also difficult to give a specific schedule for implementation; 3) The rapid rise in gold in the short term is very emotional and financial driven, making the pace even more difficult to grasp. However, aside from the short-term sharp rise and fall, gold exceeding 5,500 US dollars/ounce is indeed an important watershed. It indicates that the total value of gold stocks is comparable to the total stock of US debt. This is the first time since the 80s of the last century. It means that the global building established after the collapse of the Bretton Woods system, where the US dollar is anchored and the US dollar is based on US debt, has shown some signs of loosening.