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5000\u7f8e\u5143\uff1a\u4ece\u963b\u529b\u4f4d\u5230\u201c\u65b0\u5730\u677f\u201d<\/h2>\n

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\u4e0a\u5468\u4e94\u516c\u5e03\u76841\u6708\u5c31\u4e1a\u6570\u636e\u5927\u8d85\u9884\u671f\u2014\u2014\u65b0\u589e\u975e\u519c\u5c31\u4e1a13\u4e07\u4eba\uff0c\u8fdc\u8d85\u5e02\u573a\u9884\u671f\u76846.6\u4e07\u81f37\u4e07\u4eba\uff0c\u5931\u4e1a\u7387\u4ece4.4%\u964d\u81f34.3%\u3002\u6570\u636e\u516c\u5e03\u540e\uff0c\u7f8e\u8054\u50a83\u6708\u964d\u606f\u9884\u671f\u5f7b\u5e95\u843d\u7a7a\uff0c6\u6708\u964d\u606f\u4e5f\u4e0d\u518d\u662f\u5e02\u573a\u5171\u8bc6\u3002<\/p>\n

\u6309\u7167\u4f20\u7edf\u903b\u8f91\uff0c\u964d\u606f\u63a8\u8fdf\u5e94\u5229\u7a7a\u9ec4\u91d1\u3002\u4f46\u91d1\u4ef7\u4ec5\u5728\u6570\u636e\u53d1\u5e03\u540e\u77ed\u6682\u56de\u5410\u6da8\u5e45\uff0c\u65cb\u5373\u4f01\u7a33\u3002\u5e02\u573a\u903b\u8f91\u5df2\u53d8\uff1a\u6295\u8d44\u8005\u62bc\u6ce8\u7684\u662f7\u6708\u548c12\u6708\u4e24\u6b21\u964d\u606f\u7a97\u53e3\uff0c\u800c\u66f4\u91cd\u8981\u7684\u662f\u2014\u2014\u8d27\u5e01\u653f\u7b56\u4e0d\u786e\u5b9a\u6027\u672c\u8eab\u6b63\u5728\u6210\u4e3a\u6301\u6709\u9ec4\u91d1\u7684\u7406\u7531\u3002<\/p>\n

\u65e7\u91d1\u5c71\u8054\u50a8\u4e3b\u5e2dMary Daly\u548c\u8fbe\u62c9\u65af\u8054\u50a8\u4e3b\u5e2dLorie Logan\u8fd1\u65e5\u63a5\u8fde\u91ca\u653e\u201c\u4e0d\u6025\u4e8e\u8c03\u6574\u653f\u7b56\u201d\u7684\u4fe1\u53f7\uff0c\u8fdb\u4e00\u6b65\u5f3a\u5316\u4e86\u8fd9\u4e00\u9884\u671f\u7ba1\u7406\u683c\u5c40\u3002<\/p>\n

\u8fbe\u6c83\u65af\u5b9a\u8c03\uff1a\u4e16\u754c\u8fdb\u5165\u201c\u65ad\u88c2\u201d\u65f6\u4ee3<\/h2>\n

\u771f\u6b63\u7684\u91d1\u4ef7\u9a71\u52a8\u529b\uff0c\u6765\u81ea\u745e\u58eb\u8fbe\u6c83\u65af\u3002<\/p>\n

\u52a0\u62ff\u5927\u603b\u7406Mark Carney\u57282026\u5e74\u4e16\u754c\u7ecf\u6d4e\u8bba\u575b\u4e0a\u53d1\u8868\u6f14\u8bb2\uff0c\u76f4\u8a00\u4e16\u754c\u9762\u4e34\u7684\u4e0d\u662f\u201c\u8f6c\u578b\u201d\uff0c\u800c\u662f\u201c\u65ad\u88c2\u201d\u3002\u4ed6\u63d0\u51fa\u7684\u201c\u6b66\u5668\u5316\u76f8\u4e92\u4f9d\u5b58\u201d\u6982\u5ff5\u2014\u2014\u7f8e\u5143\u6e05\u7b97\u3001\u4e91\u57fa\u7840\u8bbe\u65bd\u3001\u6570\u5b57\u670d\u52a1\u3001\u7269\u6d41\u7f51\u7edc\u4ece\u5408\u4f5c\u5e73\u53f0\u53d8\u4e3a\u80c1\u8feb\u5de5\u5177\u2014\u2014\u6b63\u5728\u6210\u4e3a\u5168\u7403\u8d44\u672c\u91cd\u65b0\u5b9a\u4ef7\u7684\u6838\u5fc3\u53d8\u91cf\u3002<\/p>\n

Carney\u8b66\u544a\uff1a\u201c\u4e00\u4e2a\u9065\u8fdc\u3001\u53ef\u9884\u6d4b\u7684\u5a01\u6743\u56fd\u5bb6\uff0c\u5f80\u5f80\u6bd4\u4e00\u4e2a\u90bb\u8fd1\u3001\u4e0d\u53ef\u9884\u6d4b\u7684\u6c11\u4e3b\u56fd\u5bb6\u66f4\u5b89\u5168\u3002\u201d\u8fd9\u756a\u8bdd\u76f4\u6307\u7f8e\u56fd\u9738\u6743\u7684\u4fe1\u4efb\u5371\u673a\u3002\u4ece\u683c\u9675\u5170\u5c9b\u5173\u7a0e\u5a01\u80c1\u5230\u8d44\u4ea7\u51bb\u7ed3\u5de5\u5177\u7684\u5e38\u6001\u5316\u4f7f\u7528\uff0c\u5e02\u573a\u8d8a\u6765\u8d8a\u6e05\u6670\u5730\u8ba4\u8bc6\u5230\uff1a\u6301\u6709\u7f8e\u5143\u8d44\u4ea7\u6b63\u5728\u4ece\u7ecf\u6d4e\u51b3\u7b56\u53d8\u6210\u5730\u7f18\u653f\u6cbb\u51b3\u7b56\u3002<\/p>\n

\u201c\u5916\u90e8\u8d27\u5e01\u201d\uff1a\u9ec4\u91d1\u7684\u65b0\u8eab\u4efd<\/h2>\n

Sprott Asset Management\u5728\u6700\u65b0\u5e02\u573a\u5206\u6790\u4e2d\u63d0\u51fa\u4e00\u4e2a\u5173\u952e\u6982\u5ff5\uff1a\u9ec4\u91d1\u6b63\u5728\u91cd\u65b0\u786e\u7acb\u4e3a\u201c\u5916\u90e8\u8d27\u5e01\u201d\uff08outside money\uff09\u3002\u4e0e\u4f20\u7edf\u91d1\u878d\u8d44\u4ea7\u4e0d\u540c\uff0c\u9ec4\u91d1\u6ca1\u6709\u53d1\u884c\u65b9\u3001\u6ca1\u6709\u8d1f\u503a\u94fe\u6761\u3001\u6ca1\u6709\u5bf9\u624b\u65b9\u98ce\u9669\u3002\u5f53\u91d1\u878d\u57fa\u7840\u8bbe\u65bd\u672c\u8eab\u6210\u4e3a\u653f\u7b56\u5de5\u5177\uff0c\u552f\u4e00\u65e0\u6cd5\u88ab\u51bb\u7ed3\u3001\u65e0\u6cd5\u88ab\u653f\u6cbb\u5316\u7684\u8d44\u4ea7\uff0c\u5c31\u662f\u9ec4\u91d1\u672c\u8eab\u3002<\/p>\n

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2026\u5e741\u6708\uff0c\u9ec4\u91d1\u73b0\u8d27\u6708\u6da8\u5e45\u8fbe13.31%\uff0c\u6536\u4e8e4894.23\u7f8e\u5143\uff0c\u521b\u4e0b\u5386\u53f2\u6700\u9ad8\u6708\u5ea6\u6536\u76d8\u4ef7\u3002\u5c3d\u7ba11\u670829\u65e5\u7ecf\u5386\u4e8645\u5e74\u6765\u6700\u5267\u70c8\u7684\u5355\u65e5\u95ea\u5d29\u2014\u2014\u5355\u65e5\u4e0b\u8dcc8.95%\uff0c\u4f46\u5e02\u573a\u53c2\u4e0e\u8005\u666e\u904d\u8ba4\u4e3a\uff0c\u6760\u6746\u8d44\u91d1\u7684\u673a\u68b0\u6027\u5e73\u4ed3\u800c\u975e\u57fa\u672c\u9762\u9006\u8f6c\u662f\u4e3b\u56e0\u3002<\/p>\n

Sprott\u7b56\u7565\u5e08Paul Wong\u6307\u51fa\uff1a\u201c\u9ec4\u91d1\u7684\u6301\u7eed\u5f3a\u52bf\u53cd\u6620\u4e86\u5168\u7403\u5bf9\u5b89\u5168\u3001\u4fe1\u4efb\u548c\u8d27\u5e01\u7a33\u5b9a\u6027\u7684\u7ed3\u6784\u6027\u8ba4\u77e5\u8f6c\u53d8\u3002\u201d\u8fd9\u79cd\u8f6c\u53d8\u4e0d\u4f1a\u56e0\u4e00\u6b21\u5c31\u4e1a\u6570\u636e\u6216\u4e00\u6b21\u6280\u672f\u56de\u8c03\u800c\u9006\u8f6c\u3002\u5f535000\u7f8e\u5143\u4ece\u5929\u82b1\u677f\u53d8\u6210\u5730\u677f\uff0c\u9ec4\u91d1\u57282026\u5e74\u7684\u53d9\u4e8b\u5df2\u7ecf\u6e05\u6670\uff1a\u4e0d\u518d\u662f\u5355\u7eaf\u7684\u5bf9\u51b2\u5de5\u5177\uff0c\u800c\u662f\u65b0\u8d27\u5e01\u79e9\u5e8f\u4e2d\u7684\u4e2d\u6027\u50a8\u5907\u8d44\u4ea7\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"

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