Gold has never lied. The more tense the economic environment, the more obvious its safe-haven value becomes—this is a pattern repeatedly validated by history. When gold prices continue to rise, it usually reflects market concerns about economic prospects. At this time, the stock market often faces adjustment pressures, and the appeal of risk assets diminishes significantly. The same logic extends to venture capital—during periods of strong gold and tightening liquidity, the financing environment will deteriorate noticeably, making it much harder for startup projects to obtain capital support, and risks will also increase. Therefore, when you see gold prices hitting new highs, it’s time to reflect on whether your investment portfolio is too aggressive, whether you should adjust your exposure to stocks and innovative projects, and reconsider the defensive value of your assets.