2025: Continuing to Advance the Globalization of the Renminbi
The latest news is that the digital yuan has officially established a physical operating company in Shanghai to run independently. Combined with the perspective in this article, the fact that China's central bank continues to aggressively buy gold while selling U.S. treasuries despite record-high prices suggests a deliberate push toward the globalization of the yuan. If this view holds true, we should expect gold prices to hold firm—or at least not decline—for the next few years.
Of course, there's another angle to consider: those who are bullish on global development tend to invest in high-tech, while those skeptical about the world's trajectory pile into gold. In recent years, these two camps have been casting votes with their capital, which is precisely why both directions have continued to climb.
Different strokes for different folks.