{"id":650706,"date":"2026-07-15T16:53:57","date_gmt":"2026-07-15T23:53:57","guid":{"rendered":"https:\/\/nai500.com\/?p=650706"},"modified":"2026-07-15T16:53:57","modified_gmt":"2026-07-15T23:53:57","slug":"%e7%99%bd%e9%8a%80%e5%83%b9%e6%a0%bc%e5%9b%9e%e8%90%bd%ef%bc%8c%e4%bd%86%e7%b5%90%e6%a7%8b%e6%80%a7%e7%89%9b%e5%b8%82%e7%9a%84%e5%9f%ba%e7%a4%8e%e4%bb%8d%e5%9c%a8","status":"publish","type":"post","link":"https:\/\/nai500.com\/zh-hant\/blog\/2026\/07\/%e7%99%bd%e9%8a%80%e5%83%b9%e6%a0%bc%e5%9b%9e%e8%90%bd%ef%bc%8c%e4%bd%86%e7%b5%90%e6%a7%8b%e6%80%a7%e7%89%9b%e5%b8%82%e7%9a%84%e5%9f%ba%e7%a4%8e%e4%bb%8d%e5%9c%a8\/","title":{"rendered":"\u767d\u9280\u50f9\u683c\u56de\u843d\uff0c\u4f46\u7d50\u69cb\u6027\u725b\u5e02\u7684\u57fa\u790e\u4ecd\u5728"},"content":{"rendered":"<p>\u5728\u7d93\u6b77\u4e00\u8f2a\u629b\u7269\u7dda\u4e0a\u6f32\u5f8c\uff0c\u767d\u9280\u5e02\u5834\u8fd1\u671f\u906d\u9047\u731b\u70c8\u62cb\u552e\uff0c\u50f9\u683c\u5f9e\u9ad8\u4f4d\u5927\u5e45\u56de\u64a4\u30022026\u5e741\u6708\u521d\uff0c\u9280\u50f9\u4e00\u5ea6\u89f8\u53ca\u6bcf\u76ce\u53f8113\u7f8e\u5143\uff0c\u4f462\u6708\u5df2\u8dcc\u81f377\u7f8e\u5143\u9644\u8fd1\uff0c\u77ed\u77ed\u6578\u5468\u8dcc\u5e45\u7d0432%\u3002\u6b64\u5f8c\u8abf\u6574\u5ef6\u7e8c\uff0c6\u6708\u767d\u9280\u9304\u5f972011\u5e749\u6708\u4ee5\u4f86\u7684\u6700\u5927\u55ae\u6708\u8dcc\u5e45\u3002\u6574\u500b\u7b2c\u4e8c\u5b63\u5ea6\uff0c\u9280\u50f9\u7d2f\u8a08\u4e0b\u632b16.57\u7f8e\u5143\/\u76ce\u53f8\uff0c\u8dcc\u5e45\u9ad8\u905422.04%\uff0c\u70ba2020\u5e74\u7b2c\u4e00\u5b63\u5ea6\u75ab\u60c5\u6050\u614c\u6027\u62cb\u552e\u4ee5\u4f86\u8868\u73fe\u6700\u5dee\u7684\u4e00\u500b\u5b63\u5ea6\u3002<\/p>\n<p>\u9762\u5c0d\u5982\u6b64\u5287\u70c8\u7684\u6ce2\u52d5\uff0c\u5e02\u5834\u60c5\u7dd2\u96e3\u514d\u53d7\u5230\u885d\u64ca\uff0c\u4f46\u591a\u4f4d\u8cc7\u6df1\u6a5f\u69cb\u4eba\u58eb\u6307\u51fa\uff0c\u767d\u9280\u9577\u671f\u7d50\u69cb\u6027\u725b\u5e02\u7684\u57fa\u790e\u4e26\u672a\u52d5\u6416\u3002<\/p>\n<p>Sprott Inc.\u7ba1\u7406\u5408\u5925\u4eba\u517c\u5e02\u5834\u7b56\u7565\u5e2bPaul Wong\u5728\u6700\u65b0\u5206\u6790\u4e2d\u8868\u793a\uff0c6\u6708\u767d\u9280\u7684\u62cb\u552e\u6f6e\u7dca\u96a8\u91d1\u50f9\u66b4\u8dcc\uff0c\u4e3b\u8981\u53d7\u7f8e\u806f\u5132\u504f\u9df9\u7acb\u5834\u3001\u77ed\u671f\u5229\u7387\u62ac\u5347\u53ca\u7f8e\u5143\u8d70\u5f37\u7b49\u5b8f\u89c0\u529b\u91cf\u9a45\u52d5\uff0c\u9280\u50f9\u8f15\u6613\u8dcc\u7834\u95dc\u9375\u652f\u6490\uff0c\u5448\u73fe\u51fa\u63a5\u8fd1\u7011\u5e03\u5f0f\u7684\u4e0b\u8dcc\u5f62\u614b\uff0c\u6697\u793a\u6295\u964d\u5f0f\u62cb\u552e\u60c5\u7dd2\u4e00\u5ea6\u8513\u5ef6\u3002\u4f46\u4ed6\u540c\u6642\u5f37\u8abf\uff0c\u5118\u7ba1\u77ed\u671f\u6ce2\u52d5\u5287\u70c8\uff0c\u5f9e\u6578\u5341\u5e74\u9031\u671f\u4f86\u770b\uff0c\u767d\u9280\u50f9\u683c\u5716\u8868\u4ecd\u5c6c\u5176\u6240\u77e5\u6700\u770b\u6f32\u7684\u6280\u8853\u5f62\u614b\u4e4b\u4e00\uff0c\u9577\u671f\u57fa\u672c\u9762\u908f\u8f2f\u5b8c\u6574\u3002<\/p>\n<p>\u652f\u6490\u9019\u4e00\u5224\u65b7\u7684\u6838\u5fc3\u5728\u65bc\u767d\u9280\u5e02\u5834\u591a\u5e74\u4f86\u6301\u7e8c\u7684\u4f9b\u7d66\u77ed\u7f3a\u683c\u5c40\u3002\u64daWong\u900f\u9732\uff0c\u767d\u9280\u5e02\u5834\u5df2\u9023\u7e8c\u4e03\u516b\u5e74\u8655\u65bc\u7d50\u69cb\u6027\u4f9b\u61c9\u8d64\u5b57\u72c0\u614b\uff0c\u5e74\u5ea6\u4f9b\u9700\u7f3a\u53e3\u4e0d\u65b7\u6d88\u8017\u5730\u4e0a\u5eab\u5b58\u3002\u8207\u8a31\u591a\u5927\u5b97\u5546\u54c1\u4e0d\u540c\uff0c\u9280\u7926\u7aef\u5e7e\u4e4e\u6c92\u6709\u8db3\u4ee5\u6539\u8b8a\u4e2d\u671f\u4f9b\u61c9\u524d\u666f\u7684\u5927\u578b\u65b0\u9805\u76ee\u9032\u5165\u8996\u91ce\uff0c\u4f9b\u7d66\u5f48\u6027\u6975\u4f4e\u3002Sprott\u9810\u8a08\uff0c\u9019\u7a2e\u6301\u7e8c\u6027\u7684\u8d64\u5b57\u72c0\u6cc1\u5728\u672a\u4f86\u4e03\u516b\u5e74\u5167\u4ecd\u5c07\u5ef6\u7e8c\u3002<\/p>\n<p>\u8207\u50f5\u786c\u7684\u4f9b\u7d66\u5f62\u6210\u9bae\u660e\u5c0d\u6bd4\u7684\u662f\uff0c\u767d\u9280\u7684\u7d50\u69cb\u6027\u9700\u6c42\u6b63\u5728\u591a\u500b\u9577\u671f\u8da8\u52e2\u4e0a\u540c\u6b65\u64f4\u5f35\u3002\u592a\u967d\u80fd\u96fb\u6c60\u677f\u88fd\u9020\u3001\u96fb\u6c23\u5316\u9032\u7a0b\u3001\u96fb\u52d5\u6c7d\u8eca\u666e\u53ca\u3001\u4eba\u5de5\u667a\u80fd\u57fa\u790e\u8a2d\u65bd\u5efa\u8a2d\u4ee5\u53ca\u6578\u64da\u4e2d\u5fc3\u64f4\u5f35\u7b49\uff0c\u6301\u7e8c\u70ba\u5de5\u696d\u7528\u9280\u63d0\u4f9b\u5805\u5be6\u652f\u6490\u3002\u8ecd\u4e8b\u9818\u57df\u7684\u767d\u9280\u6d88\u8cbb\u4e5f\u56e0\u5c0e\u96fb\u6027\u80fd\u548c\u5728\u570b\u9632\u4f9b\u61c9\u93c8\u4e2d\u7684\u6230\u7565\u50f9\u503c\u800c\u65e5\u76ca\u4e0a\u5347\u3002\u6b64\u5916\uff0c\u8ca8\u5e63\u5c6c\u6027\u5c64\u9762\uff0c\u6295\u8cc7\u8005\u6108\u767c\u5c07\u767d\u9280\u8996\u70ba\u4e00\u7a2e\u66ff\u4ee3\u6027\u7684\u50f9\u503c\u5132\u5b58\u5de5\u5177\uff0c\u672c\u8cea\u4e0a\u662f\u5c0d\u9ec3\u91d1\u4e3b\u984c\u7684\u9ad8\u8c9d\u5854\u8868\u9054\uff0c\u8ca8\u5e63\u9700\u6c42\u7684\u4e0a\u5347\u9032\u4e00\u6b65\u5f37\u5316\u4e86\u50f9\u683c\u652f\u6490\u3002<\/p>\n<p>\u5be6\u7269\u5e02\u5834\u7684\u7dca\u5f35\u614b\u52e2\u4ea6\u5728\u52a0\u56fa\u9019\u4e00\u908f\u8f2f\u3002Wong\u6307\u51fa\uff0c\u5be6\u7269\u5eab\u5b58\u6301\u7e8c\u5403\u7dca\uff0c\u4ea4\u5272\u58d3\u529b\u53cd\u5fa9\u51fa\u73fe\uff0c\u53cd\u6620\u51fa\u76f8\u5c0d\u65bc\u53ef\u5f97\u4f9b\u61c9\uff0c\u5be6\u7269\u9700\u6c42\u4ecd\u76f8\u7576\u5f37\u52c1\u3002\u96a8\u8457\u66f4\u591a\u91d1\u5c6c\u6d41\u5411\u4e9e\u6d32\u5e02\u5834\uff0c\u4ee5\u53ca\u5be6\u7269\u6301\u6709\u65e5\u76ca\u53d7\u5230\u91cd\u8996\uff0c\u7d19\u5e02\u5834\u5b9a\u50f9\u6a5f\u5236\u7684\u5f71\u97ff\u529b\u53ef\u80fd\u96a8\u6642\u9593\u63a8\u79fb\u800c\u9010\u6b65\u6e1b\u5f31\u3002<\/p>\n<p>\u81f3\u65bc\u8fd1\u671f\u6975\u7aef\u7684\u50f9\u683c\u6ce2\u52d5\uff0c\u671f\u6b0a\u5e02\u5834\u7684\u904e\u5ea6\u6295\u6a5f\u8d77\u5230\u4e86\u660e\u986f\u7684\u653e\u5927\u4f5c\u7528\u3002Wong\u89e3\u91cb\u8aaa\uff0c\u5927\u91cf\u671f\u6b0a\u982d\u5bf8\u7684\u5806\u7a4d\u52a9\u63a8\u4e86\u6b64\u524d\u7684\u629b\u7269\u7dda\u5f0f\u4e0a\u6f32\uff0c\u800c\u9019\u4e9b\u982d\u5bf8\u7684\u5feb\u901f\u5e73\u5009\u540c\u6a23\u653e\u5927\u4e86\u4e0b\u8dcc\u3002\u8fd1\u671f\u6578\u64da\u986f\u793a\uff0c\u767d\u9280\u671f\u6b0a\u672a\u5e73\u5009\u5408\u7d04\u7684\u6d3b\u8e8d\u5ea6\u5df2\u5f9e\u504f\u96e2\u5747\u503c\u56db\u4e94\u500b\u6a19\u6e96\u5dee\u7684\u9ad8\u4f4d\u9010\u6f38\u56de\u6b78\u81f3\u6b63\u5e38\u5340\u9593\uff0c\u9019\u610f\u5473\u8457\u7531\u671f\u6b0a\u4e3b\u5c0e\u7684\u77ed\u671f\u6975\u7aef\u6ce2\u52d5\u6709\u671b\u6536\u6582\u3002<\/p>\n<p>\u5f9e\u6b77\u53f2\u898f\u5f8b\u770b\uff0c\u767d\u9280\u7684\u6ce2\u52d5\u6027\u9060\u9ad8\u65bc\u9ec3\u91d1\uff0c\u5287\u70c8\u56de\u64a4\u5728\u767d\u9280\u725b\u5e02\u4e2d\u4e26\u4e0d\u9bae\u898b\uff0c\u751a\u81f3\u5f80\u5f80\u662f\u5f8c\u7e8c\u5f37\u52c1\u4e0a\u6f32\u7684\u524d\u594f\u3002Wong\u8868\u793a\uff0c\u6b77\u53f2\u4e0a\u767d\u9280\u4e00\u4e9b\u6700\u5f37\u52c1\u7684\u5347\u52e2\uff0c\u6070\u6070\u767c\u751f\u5728\u56b4\u91cd\u6ce2\u52d5\u548c\u6295\u8cc7\u8005\u632b\u6557\u611f\u8513\u5ef6\u4e4b\u5f8c\u3002\u96a8\u8457\u5fc5\u9700\u5de5\u696d\u7528\u9014\u8207\u8ca8\u5e63\u9700\u6c42\u4e0d\u65b7\u64e0\u51fa\u975e\u5fc5\u9700\u9818\u57df\uff0c\u767d\u9280\u7684\u50f9\u683c\u5730\u677f\u6709\u671b\u50cf\u9ec3\u91d1\u4e00\u6a23\u9010\u6b65\u62ac\u9ad8\u3002<\/p>\n<p>\u7d50\u5408\u4e0a\u8ff0\u4f9b\u9700\u683c\u5c40\uff0c\u90e8\u5206\u5927\u578b\u6a5f\u69cb\u7684\u9810\u6e2c\u4ecd\u8f03\u6a02\u89c0\u3002\u8c9d\u840a\u5fb7\u548c\u6469\u6839\u5927\u901a\u7b49\u6a5f\u69cb\u7684\u5c08\u5bb6\u6b64\u524d\u8868\u793a\uff0c\u9280\u50f9\u52302026\u5e74\u5e95\u6709\u671b\u7a81\u783480\u7f8e\u5143\/\u76ce\u53f8\uff0c\u52302030\u5e74\u751a\u81f3\u53ef\u80fd\u89f8\u53ca100\u7f8e\u5143\u3002\u5118\u7ba1\u77ed\u671f\u50f9\u683c\u9810\u6e2c\u96a8\u6642\u5b58\u5728\u8b8a\u6578\uff0c\u4f46\u767d\u9280\u6240\u64c1\u6709\u7684\u6301\u7e8c\u6027\u4f9b\u7d66\u8d64\u5b57\u3001\u64f4\u5f35\u4e2d\u7684\u5de5\u696d\u8207\u8ca8\u5e63\u9700\u6c42\uff0c\u4ee5\u53ca\u7dca\u7e2e\u7684\u5be6\u7269\u5e02\u5834\u689d\u4ef6\uff0c\u78ba\u5be6\u70ba\u5176\u63d0\u4f9b\u4e86\u591a\u91cd\u9577\u671f\u5347\u503c\u8def\u5f91\u3002\u5728\u5287\u70c8\u56de\u8abf\u4e4b\u5f8c\uff0c\u7d50\u69cb\u6027\u725b\u5e02\u7684\u6839\u57fa\u4e26\u672a\u88ab\u7834\u58de\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u5728\u7d93\u6b77\u4e00\u8f2a\u629b\u7269\u7dda\u4e0a\u6f32\u5f8c\uff0c\u767d\u9280\u5e02\u5834\u8fd1\u671f\u906d\u9047\u731b\u70c8\u62cb\u552e\uff0c\u50f9\u683c\u5f9e\u9ad8\u4f4d\u5927\u5e45\u56de\u64a4\u30022026\u5e741\u6708\u521d\uff0c\u9280\u50f9\u4e00\u5ea6\u89f8\u53ca\u6bcf\u76ce\u53f811 [&hellip;]<\/p>\n","protected":false},"author":27,"featured_media":555878,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[1522,431,2197],"tags":[2589,1122,565,2233],"class_list":["post-650706","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-1522","category-trends-strategies-zh-hant","category-2197","tag-precious-metals","tag-1122","tag-565","tag-2233","sectors-gold-zh-hant","locations-us-zh-hant"],"acf":[],"_links":{"self":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/650706","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/users\/27"}],"replies":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/comments?post=650706"}],"version-history":[{"count":3,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/650706\/revisions"}],"predecessor-version":[{"id":650709,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/650706\/revisions\/650709"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/media\/555878"}],"wp:attachment":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/media?parent=650706"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/categories?post=650706"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/tags?post=650706"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}