Experts say that gold prices may also create a bubble.

The other side of soaring gold prices is the rational return of the consumer market. Domestic sales of gold trinkets have shrunk, but there is an undercurrent of "existing gold redemption waves." Zhao Qingming, deputy director of the Foreign Exchange Management Information Research Institute, believes this phenomenon reflects investors' expectations of gold price fluctuations: "They are voting with their feet, moving gold from trinket boxes back to bank accounts." Speculators are still reveling. In the gold futures market, both bulls and bears are battling it out. Zhao Qingming stated that traditional pricing models have failed, and institutions' predictions have deteriorated into a blind guessing game of "rising tides lifting all boats," "Once gold prices break $4,000, we will witness history, and it may also create a bubble." (Guoshi Zhitongche)