#XAUT Recently, Li Bei revealed in an interview that she had cleared all her gold positions last month.



She analyzed that after 2000, central bank accumulation drove gold into an upward cycle, but this logic has now reversed: on one hand, the Russian Central Bank (the world's fifth-largest gold reserve holder) has started selling gold, which is an important signal of a shift in the long-term cycle; on the other hand, Dr. Li Zhao from China International Capital Corporation's pricing model shows that at the end of last year, gold valuation residuals reached a historical high, indicating an overvalued state.
XAUT2.93%
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