The Federal Reserve's interest rate cut does not mean everything is fine; in fact, only the common people hope for it to lower rates, while those in power have completely shifted from hope to no hope. Once the US cuts interest rates, if assets around the world start to skyrocket while ours do not, how will we explain that?

Next, the pace of our monetary easing will certainly accelerate, and in order to maintain a relatively stable exchange rate, the free circulation of the yuan will surely be tightened further—however, it has side effects; it will make us increasingly become an isolated island in the world. Think about it: if there is a currency that appears stable in value but is actually maintained by only allowing inflow without outflow, would you want to participate? Anyone with sense would not; thus, this currency becomes an internal circulation, and this kind of internal circulation in today's globalized world is a path to demise—it will deplete.

Once the Federal Reserve starts to cut interest rates, it will bring rates down to a position of 'maximum policy flexibility,' from 0 to 5.5%. It is likely to choose a relatively central value, such as between 3% and 4%, and the faster this happens, the better, ideally before the market even reacts, bringing it down to an interest rate level that can be both offensive and defensive. So what does this have to do with us ordinary people? Of course, it matters, because this is a period with relatively high certainty for making money; yes, it is now.

Once we reach the interest rate target desired by the US, the future will become unclear, and then it will be a matter of luck, depending on the performance of US data and global data. It will be difficult to find such a high-value certainty period for gold as we have now. #降息期待