wen | jianghanshiyeguancha

jinnianyilai，huangjinjiagedechixushangzhangbuduanqiandongzhemeigerendexin，zaizheiyangdedabeijingxiayibianshibuduanzhangjiadehuangjinjiage，yibianshibuduanguandiandegejialiansuojindian，zaizheiyangdeqingkuangxiahuangjindaodihaihuifengduojiu？womengaizenmekanzheijianshini？

一、黄金持续破纪录，金店不断关店潮

ju21shijijingjibaodaodexiaoxi，jinqi，xianhuohuangjinbuduanshangzhang，tupo2750meiyuan/angsi，zaidudapolishijilu，bushaoxiangguanhuatichongshangresou。

huangjinbuduanxuchuanglishixingao，jinshiyeshuizhangchuangaotupo800yuan/kedeguankou，jindianqueyulengle！

zhoudafufabu2024niansanjiducaibao，jiezhi9yue30ridesangeyuenei，lingshouzhitongbixiajiang21%。jinei，zhongguoneidizhiyingdianjijiamengdiandetongdianxiaoshoufenbietongbixiajiang24.3%ji20.3%，tongshizaineidijingguanbi145gezhoudafuzhubaolingshoudian。

zhoudafuduicijieshicheng，xixianggangjiaomenshichangshoudaoshiminshujiawaiyouyijineidilvkexiaofeimoshihexihaozhuanbiansuoyingxiang，tongdianxiaoshoutongbijianshao30.8%。xianggangdetongdianxiaoshouxiadie27.8%，eraomenzejianshao40.2%。ciwai，gaigongsihaitidao“huangjinjiagelvchuangxingao，chixuyingxiangxiaofeiyiyu，zheishuzhengtixingyedexianxiang。”

liufuzhubaomugongsiliufujituangangjiaosuogonggao，2025cainiandierjidu（2024nian7yue1rizhi9yue30ri）zhengtilingshouzhiannianxiadie16%，zhuyaoshougaojishuxiaoyingjijinjialvchuangxingaoyingxiang；zhengtilingshoushouruannianxiadie25%；benjijingjianshao76jiandianpu。

wuduyouou，jujinanshibaodebaodao，shoushijinjinjiatupo800yuanbeihou，jinnianyilaiguojihuangjinjiageyijingchaoguo30cishuaxinlishizuigaojilu，lundunxianhuohuangjinzaijinnianqiansanjidudezhangfujiejin30%。genjushijiehuangjinxiehuideshuju，2024nianshangbanniangeguoyangxingjinggoumaihuangjinzengzhi483dun，bi2023nianshangbannianchuangxiadejilugaochu5%。

laofengxianghainanquyujinglishenjiangaosuzhongguoxinwenzhoukan，jinjiashangzhangduiyushitidianlaishuo，zuizhiguandeyingxiangshilinjudegukejianshaolehenduo，zheidailailejiaoyijinedexiajiang，“yinweijinjiashangzhang，yusuanyouxiandeqingkuangxiagukedechengjiaojinedadajiangdi。guoqunengmai10kede，xianzaizuiduonengmaisiwuke”。

youqishishoushijinbianxianjiaonan，haiyaozhifuyibibuxiaodegongyifei，duiyuxiaofeizhelaishuogoumaixuyaogenggaodechengben，yiweiwangyoudaqu“shoushijinjinjiayijingzhangdaogenputongrenmeishenmeguanxile”。

lingyifangmian，jinjiashangzhanghennanrangjinshixiaofeizhezhijiecongzhongshouhui。xiangbiyubiaozhunhuadetouzijintiao，jinshipinxiaoshoushichengbenjiaogao，huishouqudaoyejiaoweiyouxian，xiaofeizhejiaonanjinjiashangzhangdeshouyi。youwangyouzhiyan：“shoushijin800yuanmaihaibusuangongfei，huishoujiaquezhiyou600yuan，zheibingbuhesuan。”

二、黄金到底还会疯多久？

mianduizhehuangjinjiagedechixushangzhang，gejiajindiankeyishuoshishoudangqichong，zaizheiyangdeqingkuangxia，womenbujinxiangwenhuangjindaodizenmehuishi？jinjiahaihuifengduojiuni？

shouxian，huangjinweishenmehuizhangjiabuduan？huangjinzuoweiguijinshudedaibiao，zhangjiuyilaiyizhibeishiweijingjidefanxiangqingyubiao。zaijingjibuquedingxingzengjiashi，huangjinwangwangshoudaozhuipeng，chengweitouzizhebixiandeshouxuan。jinlai，huangjinjiagechixugaoweiyunxing，qiemeiyouxiadiedejixiang，zheiqizhongdeyuanyinzhuyaojizhongzaijigefangmian：

yishigeguoyangxingjiangxiqushixianzhu。dangqian，quanqiugeguoyangxingdejiangxiqushiyufamingxian，zheichengweihuangjinjiageshangzhangdezhongyaoqudonglizhiyi。zaijingjizhouqizhong，lilvyuhuangjinjiagetongchangchengxianfanxiangguanxi。dangyangxingjiangdililvshi，yifangmian，chiyouhuobidejihuichengbenjiangdi，touzizhegengqingxiangyujiangzijincongdishouyidehuobizichanzhuanyidaoqitagengjubaozhihezengzhiqianlidezichanshang，huangjinzuoweichuantongdebixianhebaozhizichan，ziranchengweitouzizhedeqinglaiduixiang。lingyifangmian，jiangxizhengcewangwangshizaijingjizengzhangfanghuanhuomianlinshuaituifengxianshishishide。zaijingjibuwendingshiqi，shichangduiweilaideyuqichongmanbuquedingxing，erhuangjinnenggouzaijingjidongdangzhongbaochixiangduiwendingdejiazhi。zheizhongtexingshidetazaiyangxingjiangxiyinfadejingjibodongzhong，chengweitouzizhedebifenggang，jinyibutuidonglehuangjinjiagedeshangyang。

ershishijiejingjidebixianxuqiujizeng。guojizhengzhihuanjingdefuzaxing，tebieshigezhongdiyuanchongtudejiaju，shihuangjinjiagejugaobuxiadeguanjianyinsu。diyuanchongtuhuiyinfadiqunaizhiquanqiudezhengzhihejingjibuwending。zaichongtudiqu，dangdihuobikenenghuidafubianzhi，jinrongshichangdongdangbuan，erhuangjinzuoweiyizhongzaiquanqiufanweineibeiguangfanrenkedebixianjinshu，qijiazhizaizheizhongqingkuangxiatuxian。

liru，zhongdongdiquzhangqicunzaidediyuanzhengzhijinzhangjushi，shidequanqiutouzizheweilebaozhangzichananquan，dalianggouruhuangjin。ciwai，guojijiandaguoboyiyezengjialequanqiuzhengzhijushidebuquedingxing。maoyimocadengwentidoukenengyinfashichangdekonghuangqingxu。zheizhongkonghuangcushitouzizhejiangzijintouxianghuangjin，yiduichongzhengzhifengxiandailaidezichansunshi。zaizheizhongqingkuangxia，huangjinzuoweibixianjinshudeshenfenbuduanbeiqianghua，xuqiuchixuzengjia，jiageyesuizhibuduanpansheng。

sanshiquanqiuduimeiyuanxinyongdedanyouhaizaishengji。huangjinchixushangzhanghaishenkedifanyingchushichangduimeiguocaizhengzhuangkuanghemeiyuanxinyongdedanyou。meiyuanzuoweiguojizhuyaochubeihuobi，zhangqiyilaizaiquanqiumaoyihejinrongtixizhongzhanjuzhongyaodiwei。raner，jinnianlaimeiguocaizhengchizibuduankuoda，zhengfuzhaiwushuipinglvchuangxingao。juedecaizhengcijijihuahebuduanzengjiadezhaiwufudan，shideshichangduimeiyuandewendingxingchanshenglezhiyi。

dangshichangduimeiyuanxinxindongyaoshi，touzizhehuixunqiuqitatidaizichanlaibaozhi。huangjinzuoweiyizhongduliyumeiyuantixizhiwaidezichan，qijiazhixiangduiwendingqiebushoumeiguocaizhengzhengcedezhijieyingxiang。zheizhongduimeiyuanxinyongdedanyouyinfadezichanpeizhidiaozheng，jinyibutuidonglehuangjinjiagedeshangzhang。tongshi，suizhequanqiujingjigejudeduojihuafazhan，meiyuandeguojidiweibuduanshoudaotiaozhan，xinxingjingjitihuobizaiguojizhifuhechubeizhongdebizhongzhujianzengjia，zheiyeshidehuangjinzaiguojihuobitixizhongdexiangduizhongyaoxingjinyibutisheng，weihuangjinjiageshangzhangtigongleyoulizhicheng。

qici，weishenmejindianchengweilediyigeshoushangzhe？jindiandeshangyemoshitongchangshijiyujiagonghuangjinshipinbingshoumaijixiaofeizhe，zheimoshikanshangqusihumeishenmewenti，danshizixizhuomojiuhuifaxianwentihenda：yifangmian，leisiyumianbaohemianfen，huangjinshipinsuiyihuangjinweizhizuoyuanliao，danzaijiagongguochengzhongcunzaijiaodafududejiajia。zaiguoqu，danghuangjinjiagechuyujiaodishuipingshi，huangjingengduoditixianchuxiaofeishuxing。xiaofeizheyuanyiweijianghuangjinjiagongchengmanyideshipinzhifuyue 30% deyijia。zheishiyinweizaidangshi，huangjinjiagexiangduijiaodi，xiaofeizhegoumaishipinzhuyaoshichuyuzhuangshiheshenmeixuqiu，duiyujiagedeminganduxiangduijiaodi。

raner，suizhehuangjinjiagedechixushangzhang，qingkuangfashenglexianzhubianhua。rujin，shichangduiyuhuangjindetouzishuxingxuqiugengweituchu。zaigaojinjiahuanjingxia，xiaofeizhegoumaihuangjindedongjigengduodizhuanxianglezichanbaozhihezengzhi。duiyutouzizheeryan，tamengengguanzhuhuangjindechunduhejiage，erbushishipindeshejihegongyi。zheizhongqingkuangxia，jindianzaijiagongshipinguochengzhongdejiajiaxiaoshoumoshijiuxiandegegeburu。touzizhebuyuanyiweishipindejiagongfeizhifugaoeyijia，tamengengqingxiangyugoumaijintiaodenggengjiejinhuangjinyuanshixingtaidetouzichanpin。zheishidejindianyuanbenyilaishipinxiaoshoudeyinglimoshishoudaoyanzhongchongji，huangjinshipindexiaoshouliangdafuxiajiang。

lingyifangmian，zhongguorendetouzixiguanduijinshishichangdeyingxiangyeburonghushi。zaitouzishichangzhong，zhongguotouzizhecunzaiyidingchengdudezhuizhangshadiexinli。danghuangjinjiagechixushangzhangshi，xiaofeizhewangwanghuichanshengguanwangqingxu，qiwangjiagenenggouhuidiaohouzaijinxinggoumai。zheizhongxinlizaihuangjinshipinshichangbiaoxiandeyouweimingxian。xiaofeizhedanxinzaijiagegaoweigoumaishipinhuimianlinjiaodadejiagexiadiefengxian，daozhizichansunshi。tongshi，youyushipincunzaijiagongfeidengewaichengben，touzizhezaizhuizhangshadiexinlideyingxiangxia，duijinshidegoumaigengweijinshen。

disi，huangjinfengkuanghainengchixuduojiu？jinguanjingjishichangdefazhanchongmanbuquedingxingqienanyizhunqueyuce，dancongmuqiandeshichanghuanjingbianhuaqushilaikan，huangjindebixianshuxingrengzaizengjia。dangqian，quanqiujingjimianlinzhezhuduofengxianyinsu，qiezaiduanqineizheixiefengxianyinsubujinmeiyoujianruodejixiang，faneryoujiajudekeneng。liru，quanqiujingjizengzhangdebupinghengxingyirancunzai，xinxingjingjitimianlinzhejiegoudiaozhenghewaibuchongjideshuangzhongyali，erfadajingjitiyecunzaizhezhaiwugaoqi、shehuifulifudanguozhongdengwenti。

zaidiyuanzhengzhifangmian，yixiezhangqicunzaidechongtubingweidedaoyouxiaojiejue，xindediyuanzhengzhijinzhangdianyeshiyouchuxian。rudangqiandejigediquxingchongtuduiouzhounengyuanshichanghejingjiwendingchanshengleshenyuanyingxiang，qihouxudediyuanzhengzhiboyirengzaichixu。tongshi，yazhoudiqudediyuanzhengzhijushiyecunzaiyidingdebianshu，zheixiedouzengjialequanqiuzhengzhidebuquedingxing。zaijinrongshichangshang，quanqiugushi、zhaishidengzichanjiagebodongpinfan，huobihuilvbuwending。zaizheiyangfuzaduobiandeshichanghuanjingxia，touzizheduifengxiandeyaneqingxuchixushangsheng，huangjinzuoweibixianzichandexuqiujiangjixudedaozhicheng。

yinci，suiranhuangjinjiageyijingchuyugaowei，dancongmuqianshichanghuanjingbianhuadequshilaikan，qijiageyiranyoujiaodadezhichenglidu。weilai，suizhequanqiujingjixingshidebianhuahetouzizhexinlidebianhua，huangjinjiagekenenghuichuxianbodong。