$BTC $ETH The good show is far from just being staged in the K-line.

While you are still staring at the market, global capital is completing a historic "anchor switch": multiple central banks are quietly selling off U.S. debt and hoarding gold, and even Tether, a giant in the crypto world, has purchased 116 tons of gold, with unrealized profits exceeding 5 billion U.S. dollars. This is no longer a simple asset adjustment, but a heavy "vote of no confidence" against the U.S. dollar credit system.

Why is gold rising? The answer lies in its essence—it is anonymous, stateless, and does not rely on any institution's promise. When the scale of U.S. Treasury bonds expands to the point that 26,500 tons of gold are needed to cover it (while the actual reserves are only 8,133 tons), the rules of the game are clear: the rise in gold essentially indicates that the credit system is being re-evaluated.

Looking at silver, it has long surpassed the category of "precious metals" and has become an indispensable "industrial ticket" for the photovoltaic, AI, and robotics industries, with demand being rigid and scarce.

History always echoes: after gold surged from 200 dollars to 850 dollars in 1979, it was halved; after reaching a new high of 1,921 dollars in 2011, it dropped 45%. There seems to be an iron law that after a surge, a correction must follow.

But this time, the story is different. Central banks have become continuous net buyers, and "de-dollarization" has shifted from a topic to a consensus, with digital currencies resonating with gold. The real question is no longer "how much more can gold rise," but rather: is your wealth anchored in diluting credit or in scarce real assets?

The gold rush may just be the prologue. What will the next card be? Is it computing power, energy, or key resources of the AI era? It is worth contemplating: when most people understand the trend, the plot has often quietly entered the next chapter.

Where do you think this "anchor switch" will lead? Feel free to share your observations in the comments. #Tether买黄金净赚50亿美元 #金价再冲高位