# 金价

A Chengjie DiaryA One Chart Understands a Century of Gold Trends
Many people are asking: now that gold prices have soared so high, is this really a bubble? 🤔
If you only focus on the K-line of the past one or two years, you'll see only the game of rising and falling numbers. But if you extend the timeline to 100 years, you'll find that the gold trend hides an entire chapter of modern human history. Every fluctuation is a true reflection of "world order" and "technological productivity."
Looking back over the past hundred years, gold actually tells three core stories:
1️⃣ First Stage: The Cage