What are we buying when we are crazily grabbing gold? In fact, many times, what you buy is a peace of mind. To put it more bluntly, it is emotional value. Many people like to compare diamonds, Bitcoin, and other things to gold, but to be honest, they really can't compare. Although I am a passionate BTC holder, I have to admit that I cannot currently compare. Gold has a hard condition that no one can bypass - with current and future technology for a long time, it is simply impossible to produce it at low cost. Even if it can be synthesized, the cost is much higher than digging it out from the ground. This fundamentally eliminates the possibility of someone producing a large amount of "fake gold" to crash the market. So gold inherently has a rebellious attribute: it is disobedient, uncontrolled, and will not be printed out casually. Your government is desperately printing money? Sorry, Gold doesn't play this game with you. Some people say that gold is precious because it is stable and not easily damaged. But this doesn't make sense - platinum is also very stable, and laboratory crucibles can be made from it, so students can use it freely. It's not cheap, but it hasn't reached a "sky high price" either, indicating insufficient stability. Is that because of scarcity? Not entirely. Aluminum was also extremely rare when it was first discovered. Mendeleev won an aluminum cup as a big prize and enjoyed endless glory. But later on, with technological breakthroughs, aluminum became ubiquitous on the streets. So if it's only temporarily scarce, once the mining technology comes up, the price will collapse. Some people believe that gold is precious because it is widely recognized as valuable. This statement is also untenable. Isn't diamond just a symbol of love set in advertisements and movies? In Schindler's List, diamonds are always given as gifts. But since it was possible to artificially synthesize large and pure diamonds, its halo gradually faded. Consensus can be quite fragile at times. The reason why gold is gold is that it satisfies several conditions simultaneously: The reserves in the Earth's crust are really limited (the vast majority of them are buried in the center of the earth and cannot be excavated), chemically stable, small in size and high in value (easy to store and belt), and almost everyone in the world recognizes it - gold is born as currency. When the world is peaceful and the economy is good, the price of gold is usually just like that, lukewarm. But once faced with fierce inflation, currency printing frenzy, or international tension and instability, the safe haven nature of gold becomes apparent. Of course, gold is not omnipotent. Firstly, it will not 'give birth'. You put a gold bar there, it will still be the same in ten years, and there won't be any more. It can't operate or grow like a company, so don't expect to make a fortune with it. Secondly, gold is not useful in all disasters. If it's a global famine or a sudden natural disaster, everyone has nothing to eat, and it's useless to hold a gold brick - no one else wants to sell you food. The premise for gold to work is that there are still places in the world where normal production and trade can continue, but there are problems in some places, and only then can gold be exchanged for what is needed. Additionally, buying gold often reflects a lack of trust in paper currency. Paper money can be printed freely, gold cannot. So when people feel that their money is becoming increasingly worthless, they will want to exchange it for gold, and then exchange it back after this "crazy printing" has passed - this is actually avoiding an invisible "currency tax". Seeing this, you can probably understand why gold has been rising rapidly recently: Firstly, people have less trust in the central bank. Whether it's the US dollar, the euro, or other currencies, holders are afraid that the central bank will solve the problem by printing money. When there is inflation, we are afraid of losing money, and when there is deflation, we are afraid of the government forcing inflation - after thinking about it, we might as well switch to gold and wait and see. This doesn't mean they are bullish on either side, it's just that neither side dares to believe everything, and gold has become the 'wall'. Secondly, the world is not peaceful. More and more people believe that conflicts in some regions may intensify in the future, but they will not completely spiral out of control. If it really breaks down and production is in chaos, gold is useless - it cannot be eaten, drunk, or exchanged for anything. But if there is limited turbulence and order is restored afterwards, you can at least exchange gold for something, and it is much stronger than holding old currency that may have become worthless. Thirdly, gold is visible and tangible, with a more "human like" taste. Compared to the string of numbers in Bitcoin, gold is heavy and shiny, it can be held in your hand and turned into jewelry. Even if the investment doesn't make a profit, wearing a bracelet as a gift for your daughter or daughter-in-law is still a gesture of goodwill. Emotional value is also value, especially for many people, this sense of security is very important. So in the past decade, I have been suggesting to everyone that they can invest 5% to 10% of their income in gold. Even if it's not for investment, it's okay to force savings. Anyway, this money doesn't buy gold, it could also be used to buy various intelligence tax products, such as coated collagen, vague financial courses... In the end, nothing was left behind. Gold is different, once you buy it, it stays with you forever. Even if the situation changes again, gold is still gold. Men may lie to you, but physics and chemistry won't lie to you. If physics and chemistry don't, then they won't. Of course, there is another thing to say, the newly appointed Chairman of the Federal Reserve ——If you're under 40 years old, Bitcoin is your new gold -------------------- Reject noise, secure your investment for the 398th day Currently holding 50 ETH coins at a cost of $2373.67 Currently holding 5.17 BTC with a cost of $86626.11 Currently, SOL holds 1782.32 positions with a cost of $158.4 Currently, LINK holds 6900 positions with a cost of $15.1 Today's operation: Continue to blindly buy 0.04 BTC, 5 SOL, and 50 LINK Currently, the overall profit of the account is -3.11%