Gold is hitting new highs every day, when will it reach its peak? Chuanmu Laobiao @ xiaomucrypto has been shorting gold for the past few days, I don't know if it has been tied. The price of gold has been rising, but the allocation of funds for overseas gold ETFs and gold stock ETFs has just begun. The futures scale of gold is much larger than the physical scale. Because central banks around the world are hoarding gold, some large institutions require physical delivery for every wave of gold futures expiration. In the end, the gold futures exchange will be constantly forced to hold positions by physical delivery, because there are not so many spot goods, and no matter how much they rise, the central bank will not sell. People have not yet realized that gold has undergone significant changes in its functions compared to before. In the short term, gold is still considered a safe haven, but in the long term, it has become a spear for countries to compete for the legitimacy of their own legal currencies. Now some major countries have shifted their foreign exchange reserves from US bonds to gold reserves, and US bonds have been ruthlessly sold off, causing the collapse of US credit. At present, it is still early to say that gold has reached its peak. Let's wait for the big bullish candlestick that has surged by 5% for several consecutive days This article is sponsored by Bitget | @ Bitgetzh