Amid recent international turmoil, gold and silver prices have soared, triggering a nationwide buying frenzy. From young people to new investors, many are jumping in for fear of missing out on the rally. In response, Hong Kong director Wong Jing bluntly cautioned in a recent video that the greatest risk in this surge is 'following the crowd,' further describing: 'Those who follow the crowd are the easiest to become meat in someone else's mouth.'
The recent surge in gold and silver is closely linked to heightened geopolitical risks and instability in financial markets. Wong Jing recalled the dramatic fluctuations in the Hong Kong dollar back in 1983, when almost everyone was rushing to buy gold; even though he didn't have much money at the time, he put in a small amount of spare cash. Looking back, it was indeed the right choice. But he also emphasized that such investments only differ in terms of buying early or buying late—it does not mean that rushing in at high prices is necessarily safe.
Talking about asset allocation, Wong Jing was blunt about some asset advisors' suggestions, saying: 'I think if they're so good at it, they should buy it themselves, no need to tell anyone else.' He also shared a real-life story from his own circle, mentioning a friend who left the entertainment industry to put everything into stocks, futures, and forex, but went bankrupt overnight during a rare dramatic market crash.
He pointed out that such investment markets are like a cruel 'coliseum,' describing: 'The ones who call the shots are watching from high above, and when a silly little person suddenly enters the arena, the people above will discuss ways to eat them up so there’s nothing left but bones, sweep them out, and then wait for the next little fool to come in.'
Wong Jing concluded by reminding that with gold and silver prices constantly rising, if you enter solely to follow the herd—even if you wish to get in and out quickly—there’s still significant risk. If luck isn’t on your side and you happen to step in on a crash day, 'you’ll end up as meat in someone else’s mouth.'
Source: China Times News