Recently, gold prices broke through $4,500, and silver has risen 150% this year. Many people simply interpret this as a precious metals appreciation opportunity. In fact, the situation is far more complex than it appears.

Let's look at some data first. The US national debt has surpassed $38.4 trillion, with annual interest payments approaching $1 trillion—what does this mean? It indicates that the game of borrowing new debt to pay off old debt has no way out. Meanwhile, global central banks have purchased over 1,000 tons of gold continuously over the past three years. This is not just a policy signal; it is a concrete action: de-dollarization.

The疯狂上涨 of precious metals seems, on the surface, to be a change in asset allocation. But what does it fundamentally reflect? A distrust in the current financial system. When government debt becomes unsustainable and traditional currency credit begins to loosen, people naturally seek harder assets.

But that's not the most painful part. The market's fragility is already written on its face. Capital concentration has reached new highs, AI concept valuations are outrageously inflated, and大量资金 are piled into very few sectors. Once market sentiment reverses and liquidation begins, liquidity can evaporate in an instant. Don’t think this is alarmist—every crisis has followed this pattern.

So, in this context, what should we do? The traditional financial credit system is teetering, and precious metals have become the preferred safe haven—that's correct. But what’s even more worth pondering is that assets which do not rely on any central institution, possess scarcity, and have global liquidity might become the real tools to traverse cycles. Decentralized digital assets are being re-evaluated under this logic.

The curtain of 2026 may open faster than most expect. Being prepared in advance is the only way to find certainty amid chaos.