Central banks around the world are frantically accumulating gold, and investors are chasing silver, but did you know? There is a value anchor driven by code and mathematics, quietly building on the Blockchain.

Last night, while watching gold break through $4,400 per ounce and silver approach $70, many people were wondering in their hearts—how much longer can this go up? Or should we take profits and secure them?

The data is right in front of us, with gold prices soaring nearly 70% this year and silver going even crazier, directly doubling with a 133% increase. This is the strongest annual performance in nearly 50 years. Goldman Sachs has stated a target of $4,900 by the end of 2026, and UBS also believes that $4,500 is not a dream.

But this is not just a simple bull market. What is reflected behind this is a "vote with one's feet" against the globally dominant dollar reserve system.

**Central Bank is taking action, not just talking**

The report from the World Gold Council clearly shows that global Central Banks have net bought gold for several consecutive months. This is understood as a "diversification" operation of the dollar reserve system - in other words, central banks around the world are quietly reducing their dependence on the dollar.

Funds are also pouring in wildly. Global gold ETFs have seen net inflows for six consecutive months, with total managed assets hitting a record high of $530 billion. Interestingly, Goldman Sachs analysts pointed out that these ETF investors are now competing with central banks for the limited gold supply — both sides want to stockpile, but there is only so much gold.

**Logic is flipping**

The expectations of the Federal Reserve lowering interest rates, the weakening of the dollar, and the decline in real interest rates are traditional factors that favor gold, which are now overlapping. However, the real shift is that the roles of gold and silver are upgrading—from purely safe-haven tools to strategic assets against inflation and fiscal expansion.

This is a "trust inflation" where everyone is expressing their doubts about the existing system through asset allocation.