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Wall Street's greatest manipulation was to drive the price of silver from 3 yuan per gram to 30 yuan per gram, then sell it to Chinese housewives.
From the end of last year to the beginning of this year, gold continuously hit new all-time highs, and silver surged along with it, reaching record highs.
Chinese housewives who missed out on buying gold at low prices turned to investing in silver.
At the most frantic moment, silver was driven up to over 30 yuan per gram, and Shenzhen's Shuibei launched silver investment, with silver bars sold piece by piece, which Chinese housewives scrambled to buy.
What’s even more laughable is that due to the craze, the daily supply of silver bars in Shuibei was insufficient, and there were even copper bars being sold as investment products.
At that time, Shuibei was crowded every day, and social media heavily promoted the large industrial demand for silver, including AI servers, which all require silver, creating an illusion of silver supply shortage.
This kind of frenzy was actually the top, and soon after, gold and silver experienced historic crashes.
Now, silver prices have halved, falling to around 15 yuan per gram, and no one is buying.
On social media, many housewives complain that their investments in silver have made them lose everything, trapped and unable to sell.
Chinese housewives have always been a barometer of market sentiment; where there is a top, there is a trap, and they are always there.
If you are investing in a project or a venture that even Chinese housewives are involved in, you should be very cautious. #我的Gate交易时刻