Name: 川普震撼金銀比特幣！你必須知道的關鍵時刻！ (Trump Just Crashed Gold, Silver, & Bitcoin - What You Need To know)
Uploaded: 2026-02-01T18:17:12.000Z
Duration: 13 min 58 s

Silver had its worst day since 1980s and Bitcoin seems like it's sliding to zero.

Silver 創下自 1980 年代以來最差的一天，Bitcoin 似乎正在滑向零。

轉承詞

People are freaking out because they don't understand what exactly is happening.

大家現在都很慌，因為他們不明白到底發生了什麼事。

Just recently we were talking that gold prices are about to cross 10k.

就在不久前，我們還在說 Gold 價格要衝破 10k。

Gold prices crashed from $5,500 to less than $5,000.

Gold 價格從 5,500 dollar 跌到不到 5,000 dollar。

People were freaking out about the shortage of silver, that China has put restrictions on silver and all invest massively buying silver as if there is no tomorrow.

大家還在擔心 Silver 短缺，說中國對 Silver 設了限制，然後大家就好像沒有明天一樣大量買進 Silver。

The real question right now is that will gold, silver and bitcoin prices will continue falling or this is an opportunity and you should be buying these assets.

現在真正要問的是，Gold、Silver 和 Bitcoin 的價格還會繼續下跌嗎？還是這是一個機會，你應該要買進這些資產。

Why the stock market is not crashing alongside gold and bitcoin and silver.

為什麼股市沒有跟著 Gold、Bitcoin 和 Silver 一起崩盤。

Let's understand what exactly is happening here.

我們來瞭解一下到底發生了什麼事。

The value of gold, silver and bitcoin is directly related to the value of the dollar.

Gold、Silver 和 Bitcoin 的價值跟 dollar 的價值是直接相關的。

The more valuable dollar becomes the less valuable these assets and vice versa.

dollar 越有價值，這些資產就越沒有價值，反之亦然。

Unlike bitcoin and gold, silver has a lot of utilities because it's used in a lot of electronics.

跟 Bitcoin 和 Gold 不同，Silver 有很多用途，因為它用在很多 electronics 上。

But overall there is plenty of silver in the world and most of that silver is recycled anyways, which is why it's not as valuable as gold.

但整體來說，世界上有 plenty of silver，而且大部分的 silver 都會回收再利用，這就是為什麼它不像 Gold 那麼有價值。

But on the other side, nobody wants to hold gold because gold is a very useless asset.

但另一方面，沒有人想持有 Gold，因為 Gold 是個很沒用的資產。

But investors prefer it in order to hedge their wealth.

但投資人偏好它，以便對沖他們的 wealth。

Nobody wants to hold US Dollars when it's value is being evaporated, which is why in order to hedge against inflation, investors often move to safe haven.

當 dollar 的價值被蒸發時，沒有人想持有 US Dollars，這就是為什麼為了對沖 inflation，投資人常常會轉向 safe haven。

Assets such as gold, silver, and in some cases right now is even bitcoin.

像是 Gold、Silver，甚至現在有時候是 Bitcoin 這些資產。

Investors predict the value of the dollar based on the action of the Federal Reserve.

投資人會根據 Federal Reserve 的行動來預測 dollar 的價值。

If the Federal Reserve suddenly decides to devalue the dollar, then investors are going to move into these assets and vice versa.

如果 Federal Reserve 突然決定要讓 dollar 貶值，那麼投資人就會轉向這些資產，反之亦然。

So if you look historically at the price of gold, you will realize that price.

所以如果你看歷史上的 Gold 價格，你會發現。

For a very long time, gold prices have been extremely stable, especially after the 1990s.

在很長一段時間裡，Gold 的價格都非常穩定，尤其是在 1990 年代之後。

Up until early 2000s, gold prices only fluctuated between $200 to $400.

直到 2000 年代初期，Gold 的價格只在 200 到 400 dollar 之間波動。

The first biggest increase in the price of gold started back in 2008 when the federal Reserve introduced quantitative easing.

Gold 價格第一次大幅上漲是在 2008 年，當時 Federal Reserve 推出了 quantitative easing。

And gold prices spiked from $762 to almost $2,000.

然後 Gold 的價格從 762 dollar 飆升到將近 2,000 dollar。

Since the creation of the Federal Reserve, the main tool of the Fed was interest rates.

自從 Federal Reserve 成立以來，Fed 的主要工具就是 interest rates。

So if the Fed wanted to limit the supply of money, the Federal Reserve would increase interest rates and vice versa.

所以如果 Fed 想要限制 supply of money，Federal Reserve 就會提高 interest rates，反之亦然。

If it wanted to increase demand in the economy, it would lower down interest rates and borrowing Money is going to become a lot more cheaper and people are going to borrow more money, spend more money, and

如果 Federal Reserve 想要增加 demand in the economy，就會調降 interest rates，這樣借錢就會變得便宜很多，大家也會借更多錢、花更多錢，

that economic cycle is going to turn even faster.

然後這個 economy cycle 就會轉得更快。

However, after the 2008 financial crisis, the Federal Reserve realized that they lowered interest rates to 0% and it did not have any impact on the economy.

不過，在 2008 年的 financial crisis 之後，Federal Reserve 發現他們把 interest rates 降到 0% 了，對 economy 還是沒有什麼影響。

So the government decided that we have to take it to a completely different level.

所以 government 就決定，我們得把它提升到一個全新的層級。

If lowering interest rate is not helping to boost the economy, we are literally just going to dump money into the economy.

如果調降 interest rate 無法幫助 economy，我們就直接把錢撒進 economy。

And that's what we call quantitative easing, where the Federal Reserve is buying US Treasuries in the market at massive scale.

這就是我們說的 quantitative easing，也就是 Federal Reserve 大規模地收購美國國債。

So when you're throwing trillions of dollars into the economy, what do you think is happening to the value of the currency?

所以當你把數兆 dollar 撒進 economy 的時候，你覺得 currency 的價值會怎麼樣？

It deteriorates, which is why gold prices spike to $1,900.

它會貶值，這也是為什麼 Gold 價格會飆升到 1,900 dollar。

In fact, there is a direct correlation between the balance sheet of the Fed and the prices of gold.

事實上，Fed 的資產負債表和 Gold 的價格之間有直接的關聯。

Up until 2008, the total amount of assets that the Federal Reserve had was about $870 billion.

在 2008 年之前，Federal Reserve 總共的資產大約是 8,700 億 dollar。

And that means that throughout the entire existence of the Fed, that's how much of the US Treasuries the Federal Reserve has purchased.

這意味著，在 Fed 存在的整個期間，Federal Reserve 總共收購了這麼多的美國國債。

Because there was no mechanism where the Fed could actually buy so much US Treasuries, which means that so much money could.

因為當時並沒有機制讓 Fed 能夠實際收購這麼多的美國國債，這表示這麼多的 money 才能。

Theoretically, it was not even possible for that much money to get into the economy.

理論上，這麼多的 money 根本不可能進入 economy。

But with the introduction of quantitative easing, in a matter of a few months, they threw into the economy about $1.5 trillion.

但是隨著 quantitative easing 的推出，短短幾個月內，他們就往 economy 注入了約 1.5 兆 dollar。

And the balance sheet has increased from $870 billion to as much as $2.3 trillion.

而資產負債表也從 8,700 億 dollar 增加到高達 2.3 兆 dollar。

And as the Federal Reserve kept throwing more money into the economy by buying these Treasuries and increase its balance sheets to $2.8 trillion, gold prices continued rising.

隨著 Federal Reserve 不斷收購這些國債並將其資產負債表擴大到 2.8 兆 dollar，Gold 的價格持續上漲。

So if you want to predict the price of gold or silver or any assets that are being used in order to hedge against the dollar, all you have to do is to take a look at what's happening to supply of the dollar.

所以，如果你想預測 Gold 或 Silver 的價格，或是任何用來對沖 dollar 的資產，你只需要看看 dollar 的 supply 發生了什麼事。

Between 2012 and 2018, the the federal Reserve has increased its balance sheet by about $2 trillion from $2.8 trillion.

在 2012 年到 2018 年之間，Federal Reserve 將其資產負債表從 2.8 兆 dollar 增加了約 2 兆 dollar。

But gold prices kept falling down from 2012 up until 2020.

但 Gold 的價格從 2012 年一路跌到 2020 年。

So the Fed increased the supply of dollars by $2 trillion.

所以 Fed 增加了 2 兆 dollar 的 supply。

On the other side, gold prices have went down.

另一方面，Gold 的價格卻下跌了。

And that's because after the 2008 financial crisis, the United States did not experience any inflation or whatsoever.

這是因為 2008 年 financial crisis 後，美國並沒有出現任何 inflation。

The targeted inflation by the but you can see clearly that after the 2008, there has been multiple years where the United States had inflation that was below 2%.

雖然目標是 inflation，但你可以清楚看到，2008 年之後，有好幾年美國的 inflation 都低於 2%。

In fact, at certain point, it was like 0.1%.

事實上，有時候甚至只有 0.1%。

economy that the Fed is throwing trillions of dollars into the economy.

economy，Fed 往 economy 裡注入了數兆 dollar。

The US economy is actually growing and has recovered from the 2008 financial crisis.

美國 economy 其實是成長的，而且已經從 2008 年的 financial crisis 恢復了。

And that much dollars is not causing any inflation or whatsoever.

而這麼多的 dollar 並沒有造成任何 inflation 或其他什麼問題。

Maybe because there is a shortage of dollars into the economy.

也許是因為 economy 裡 dollar 的 supply 不足。

Maybe there is a shortage of dollars across the globe.

也許是全球 dollar 的 supply 不足。

So it makes sense for the Fed to throw so much dollars into the economy, which is why investors abandoned gold and instantly move to buy US Treasuries.

所以 Fed 往 economy 裡注入這麼多 dollar 是有道理的，這也是為什麼投資人放棄 gold，立刻轉而購買美國國債。

Especially if the US Treasuries are paying you a higher yield than the inflation rate, then you are getting a far better deal than gold because your golds are shining out there and are not earning anything.

特別是如果美國國債支付給你的 yield 比 inflation rate 還高，那你得到的 deal 就比 gold 好多了，因為你的 gold 在那裡閃閃發光卻什麼都賺不到。

But if you're holding U.S. treasuries, you're getting consistent interest from the U.S. government.

但如果你持有美國國債，你就能從美國 government 那裡獲得穩定的 interest。

The Federal Reserve again pushed quantitative easing and increased the supply of money from $4 trillion up to $9 trillion.

Federal Reserve 又推出了 quantitative easing，將 supply of money 從 4 兆 dollar 增加到 9 兆 dollar。

But here is the reality is that it didn't actually lead gold prices to catastrophically rise.

但現實是，這並沒有讓 gold prices 災難性地上漲。

Why throwing $5 trillion into the economy did not actually cause so much inflation.

為什麼注入 5 兆 dollar 到 economy 裡，並沒有造成那麼嚴重的 inflation。

And that's because if you go back to 2020, that was seen as the only alternative to the United States was actually closed down and nobody knew what is going to happen to China.

那是因為如果你回到 2020 年，當時大家認為唯一的選擇是美國，因為美國其實是關閉的，而且沒人知道中國會發生什麼事。

Nobody cares about the European economies because they've been stagnating since 2008.

沒人關心歐洲 economies，因為它們自 2008 年以來就一直停滯不前。

So the only option in the world was the United States.

所以當時全世界唯一的選擇就是美國。

So replacing the US dollar as the global reserve currency back in 2020 and 2021 was impossible even to imagine because the United States was at the top of the world.

是以，在 2020 年和 2021 年，要取代美元作為全球儲備貨幣根本是不可能的，甚至連想都沒想過，因為美國當時是世界的頂峰。

And throwing so much money into the economy only fueled the US Economy.

而注入這麼多 money 到 economy 裡，只會助長美國 economy。

And the US Economy was growing faster than ever.

美國 economy 的成長速度比以往任何時候都要快。

The moment the United States began to experience inflation back in 2022, what do you think the Federal Reserve instantly did?

當美國在 2022 年開始出現 inflation 時，你認為 Federal Reserve 瞬間做了什麼？

It increase interest rates to 5.5% and massively started quantitative tightening.

它將 interest rates 提高到 5.5%，並大力開始 quantitative tightening。

It reduced its balance sheet from $9 trillion to as much as $6.5 trillion.

它將資產負債表從 9 兆 dollar 縮減到 6.5 兆 dollar。

Quantitative tightening is the opposite of quantitative easing is when the Federal Reserve, instead of money into the economy, it takes that money that it threw through quantitative easing and takes it out of the economy by selling its US Treasuries or not directly selling the US Treasuries but allowing the US Treasuries to expire without refinancing.

Quantitative tightening 就是 quantitative easing 的反向操作，也就是 Federal Reserve 不再把 money 注入 economy，而是透過賣出美國國債，或是讓到期的美國國債不再續約，把當初 quantitative easing 注入的 money 從 economy 中抽出來。

Since the US Government is never going to pay off its debts, but

因為美國 government 永遠不會還清債務，但是

it's rising so much money, when those Treasuries, especially short term Treasuries, expire, the Federal Reserve used to refinance them.

當這些國債，特別是短期國債到期時，Federal Reserve 以前會續約。

So it would offer another loan to the US Government by buying the new Treasuries that the government is going to release.

也就是說，它會買下 government 要發行的新的國債，提供 government 另一筆貸款。

But in this case, during quantitative tightening, the Federal Reserve is telling the government, look, I'm not going to buy more of your year's Treasuries.

但在 quantitative tightening 的情況下，Federal Reserve 告訴 government：「看，我不會再買你今年的國債了。」

So you have to sell them to the general public.

That restored faith in the US Economy and the US Dollar, which is why gold prices never actually spike significantly after that.

這恢復了大家對美國 economy 和美國 Dollar 的信心，這就是為什麼 Gold 的價格實際上從未大幅飆升。

The only real Spike came in 2024 when the world realized that Donald Trump is about to become the President of the United States.

唯一真正的飆升發生在 2024 年，當時全世界意識到 Donald Trump 即將成為美國總統。

Now, I don't have anything against Donald Trump, but

現在，我對 Donald Trump 沒有意見，但是

if you actually think about it from the perspective of investors, they actually have a lot of concerns.

如果你從投資者的角度來看，他們其實有很多擔憂。

First of all, they trust the US Dollar because they trust the independence of the Fed.

首先，大家相信美元，是因為相信 Fed 的獨立性。

And Donald Trump has multiple times already attacked the Federal Reserve.

而且 Donald Trump 已經多次攻擊過 Federal Reserve。

He accused them that they are actually lowering interest rates only to help the Democrats.

他指控他們實際上是為了幫助民主黨而降低 interest rates。

So investors are expecting that if Donald Trump is going to become the President, he's going to pressure the Federal Reserve to lower interest rates even when there is inflation.

所以投資者預期，如果 Donald Trump 當選總統，他會施壓 Federal Reserve 即使在有 inflation 的情況下也要降低 interest rates。

And the United States ended 2024 with inflation of 3%.

而美國在 2024 年的 inflation 是 3%。

And now if you're going to lower interest rates in 2025, you are going to cause even more inflation.

現在，如果你要在 2025 年降低 interest rates，你會造成更多的 inflation。

When investors are investing anything, they're doing that not because of something that is happening today, but

投資者在投資任何東西的時候，都不是因為今天發生的事，

rather because of what they expect is going to happen sometime in the future.

而是因為他們預期未來會發生什麼事。

So suppose you imagine that of this asset or this stock is going to rise and you're going to buy that stock today or you are going to wait when that price have already increased, of course you are going to buy it today because you're expecting it to rise so that when it rises, you are going to profit out of it.

所以假設你想像某個資產或股票會上漲，你會今天就買進那支股票，還是等到價格已經上漲後再買？當然是今天就買，因為你預期它會漲，這樣它漲的時候你就能獲利。

So when investors expect that the value of the dollar is going to deteriorate, they're going to take action today.

所以當投資者預期美元的價值會貶值時，他們會今天就採取行動。