Known as the "Private Equity Witch," Li Bei, the first female leader of a 100-billion private equity firm in China, has completely liquidated her position of #黄金 !
This is not a reduction; it is a complete exit. This happened last month.
She no longer holds any gold.
The decision to sell was prompted by two market signals that appeared one after the other.
The first signal: the Central Bank of the Philippines began selling gold. She viewed it with indifference — the Philippines is a marginal player with negligible global influence, at most a small prelude, not much reference value.
What truly made her take action was the second signal: the Central Bank of Russia stepped in. Russia, the fifth largest holder of gold reserves in the world, has reserves even higher than China. A sovereign player of such scale and sensitive status starting to sell gold is not a minor adjustment; this is a hard signal that the long-term cycle may be reversing.
Historically, the core driver of the 20-year bear market in gold from 1980 to 2000 was the collective selling by multiple central banks. Now, the upward logic driven by central bank purchases is being quietly pierced by this counteraction of "selling."
Li Bei's conclusion is very straightforward: the best phase for gold has already passed. It is unlikely to crash, but it is highly probable that it will experience high-level fluctuations, with extremely high opportunity costs. $XAU
This is not a reduction; it is a complete exit. This happened last month.
She no longer holds any gold.
The decision to sell was prompted by two market signals that appeared one after the other.
The first signal: the Central Bank of the Philippines began selling gold. She viewed it with indifference — the Philippines is a marginal player with negligible global influence, at most a small prelude, not much reference value.
What truly made her take action was the second signal: the Central Bank of Russia stepped in. Russia, the fifth largest holder of gold reserves in the world, has reserves even higher than China. A sovereign player of such scale and sensitive status starting to sell gold is not a minor adjustment; this is a hard signal that the long-term cycle may be reversing.
Historically, the core driver of the 20-year bear market in gold from 1980 to 2000 was the collective selling by multiple central banks. Now, the upward logic driven by central bank purchases is being quietly pierced by this counteraction of "selling."
Li Bei's conclusion is very straightforward: the best phase for gold has already passed. It is unlikely to crash, but it is highly probable that it will experience high-level fluctuations, with extremely high opportunity costs. $XAU
