By 2026, the global capital market has already fallen into a three-way melee.

On one side is the "traditional ironclad duo" of gold and silver — gold with a market cap of over $31 trillion, making it humanity’s oldest safe-haven asset. Silver, though much smaller in size, has been performing even more fiercely in recent years, capable of swapping positions with Nvidia for second place in just a few days, with the intensity of the competition resembling a "ring battle" in the capital markets.

On the other side is Nvidia, the "King of AI chips," with a market cap aiming for $10 trillion, nearly supporting half of the entire AI revolution.

Why has it become like this? The logic is actually quite simple.

**Why are gold and silver soaring wildly?**

Geopolitical conflicts are endless, and expectations for the Federal Reserve to continue cutting interest rates are growing stronger (2026 is likely to see continued easing). In this environment, no one dares to have too much confidence in fiat currencies, and gold naturally becomes the best "ballast stone." Silver, on the other hand, is even more exaggerated — not only following gold’s lead but also being pulled by the continuous demand from emerging industries like photovoltaics and AI data centers. Under five consecutive years of supply shortages, silver’s price increase has even surpassed gold. This isn’t a sudden surge; it’s a true shortage.

**Why is Nvidia holding its high position?**

AI is not over. As long as the AI story continues, Nvidia’s chip orders will keep coming. It’s not earning from this year alone but from the future world.

**What is the real variable?**

What will the Federal Reserve do in 2026? Continue cutting rates or tighten? This decision will redefine the flow of global funds.

An interesting data point worth pondering: as long as 1.7% of gold holders shift their funds into Bitcoin, the price of Bitcoin could double. What does this mean? Once the Fed really loosens monetary policy, massive liquidity will seek outlets everywhere. Precious metals can benefit, but the crypto market — this "new continent" — as long as it can grab a share of the pie, its gains will be enough to make people gape.

**So, what about you?**

Where will the next wave of money go? Continue to hold onto the thousands of years’ unchanged gold and silver, or bet on future-oriented digital assets like AI chips and Bitcoin? This isn’t a multiple-choice question; it’s a matter of allocation. Smart investors never put all their eggs in one basket.