A fan friend asked: Tan Yaling, the dean of the China Foreign Exchange Investment Research Institute, believes that the current gold price correction has become inevitable, and there is a possibility that gold may fall to $2100 per ounce in the future. Will the future trend of gold really be like this?

Answer: Experts' analysis of the future trend of gold and how low it will fall is actually just a probabilistic speculation. That is, what the experts said is that there is a "possibility" for gold to fall to $2100 per ounce in the future. Note that this is a "possibility," which is a probability. That is, the experts are not very sure.

Advertisement

Because the short-term and medium-term trend of gold is originally influenced by a variety of international complex factors and is unpredictable. So no one in the world can accurately predict the short-term and medium-term trend of gold. What people have is essentially just a guess.

At present, gold has already risen to a historical high. And given that the long-term investment return rate of gold in history is not high, it is basically similar to bonds, and the fluctuation range of gold is huge, and the risk is higher. Therefore, I think no matter whether gold rises or falls in the future, gold is not a variety worth ordinary people to invest heavily in the long term.

A friend asked: Will there be people who sincerely teach their own way of making money in the stock market?

Answer: Of course there will be. The methods in the world that can make a lot of money are definitely either a secret, or although it is not a secret, it is very difficult to learn. There will never be a public, easy-to-learn method to make a lot of money. Only a very few people are destined to become rich. Most of the ways to make a lot of money in the world belong to this kind of public but difficult to learn.

The boxing king is not afraid that you will learn his signature boxing technique. Can a person who has learned boxing from the boxing king for a month immediately achieve good results in the competition? The piano master is not afraid that you will learn his skills, but can a person who has learned piano from the master for a year immediately become a piano master?

It is obviously very difficult. Therefore, these teachers are not afraid that you will learn. Because it is difficult for you to learn. Taking my current online lecture on stocks as an example, I am not afraid that friends will learn. Because I know that most people will never learn in their lifetime. Only a very few people can understand and learn my method.

To reach the top level in any industry, it is not just about hard study. It also requires talent, including willpower, quality, comprehension ability, luck, and so on. Stock investment is also like this. Even if the teacher tells you the way to make money in the stock market, you may not be able to make money after using it.Because, you need to be able to control your own desires, understand the weaknesses of human nature, and fathom the hearts of people, etc., these are not things that a teacher can teach. The master leads you into the door, but the cultivation depends on the individual. So the master is not afraid that you will learn, but is afraid that you will not learn.

Someone asked: iFLYTEK's debt has risen to 21 billion, but the operating income has been stagnant for two consecutive years, what's going on?

Analyzing a stock is not only about listening to its words but also about observing its actions. I have always been not optimistic about iFLYTEK. Why not? Mainly from two aspects:

1. Product competitiveness

The most mature product of iFLYTEK may be the iFLYTEK voice assistant. I have been using this product, and my experience is that the product is mediocre in voice typing and does not have a significant competitive advantage. There are many similar products on the market that can basically achieve its voice effects, and they are free to use.

2. Management

On May 6, 2023, and July 6, 2023, the management of iFLYTEK repeatedly stated that the company's large model will be fully on par with ChatGPT on October 24, and fully surpass it in Chinese.

These statements indicate that the company's technological transcendence can be precisely on a specific date! It is actually daring to make such a bold claim for a product that is under development and will be released in a few months, which greatly reduces my impression of the company's management and makes me question the style of the company's management.

In addition, the company's management has promoted the company's artificial intelligence products and business situation as very good and in short supply on multiple occasions, but the financial statements tell everything. The revenue and profit of the financial statements indicate that the company's products are facing fierce competitive pressure. For such a grandiose management, I think it is better to keep a respectful distance.

Therefore, it is not surprising to me that the company's current revenue is stagnant and the debt is increasing. The grandiose management and mediocre competitiveness will inevitably lead to this result.