#数字资产市场动态 $DASH $BCH $ZEC

The myth of gold as a safe haven is shattered? Howard Marks, head of Oak Tree Capital, sparks Wall Street with his "bold declaration"

As an investment expert managing hundreds of billions of dollars, Howard Marks recently delivered a heavy point of view—the narrative of gold as a "safe harbor" is actually a collective self-deception. 💥

His argument hits the mark:
➠ Gold itself does not generate any cash flow, and its price is entirely driven by market sentiment
➠ The term "store of value" essentially means everyone just assumes it’s worth something
➠ When a real crisis erupts, gold prices still fall significantly; historical facts are there to prove it
➠ This is like the story of "The Emperor's New Clothes"—everyone pretends to see something that doesn't actually exist

In contrast, stocks and bonds can at least be evaluated based on their cash flows. What about gold? A fortress built on air, relying on the fragile consensus of "collective belief."

🚨 Interestingly, despite gold prices rising 7% by 2026, with central banks continuously buying, and geopolitical tensions remaining high… Marks’ warning is: a hype without real value backing will eventually cool down.

📊 When traditional safe-haven assets face a trust crisis, institutional funds are quietly shifting their allocations—The competition among the dollar, gold, and crypto assets enters a new phase. In the long run, who is the true anchor of value?

What do you think? How long can the faith in gold last?