I just saw a set of data that was quite shocking—the proportion of the US dollar in global foreign exchange reserves has dropped to 40%, hitting a 20-year low. Over the past decade, the dollar's "market share" has evaporated by nearly one-fifth. Meanwhile, gold has risen by 28%, and this is no coincidence.

Looking at these phenomena makes it clear:

First, although dollar reserves are shrinking, they still dominate traditional reserve currencies like the euro, yen, and pound. Second, gold is gradually evolving from an investment asset into a kind of "new currency," with central banks worldwide buying at historic highs, at unprecedented speed and scale. Furthermore, those once ridiculed "de-dollarization" statements are now turning from political slogans into actual actions by central banks.

The underlying logic is quite clear: global central banks are voting with real gold and silver. When a fiat currency's credibility is questioned, everyone tends to move into hard assets. The liquidity of the dollar has already become a settled matter, and faith in paper money is shaking.

What does this mean? It means the actual value of your cash, stocks, and even debts is being re-priced. Hard assets—gold, commodities, and even real estate—are becoming safe havens in this currency order transformation. Where the next critical point lies is still uncertain, but the trend is already very clear.