When I suggested that gold could reach $10,000 in the next three to five years, some frens couldn't help but question whether I was out of my mind. They think this prediction is very outrageous, as the domestic gold price is still less than 1,000 yuan. How could it possibly soar to such heights?

However, the key lies in the difference in measurement units. I am talking about gold priced in ounces, while the skeptics think in grams, which creates a huge conversion gap between the two units, leading to completely different understandings.

This little episode just illustrates how important it is to correctly understand the internationally accepted units of measurement when discussing investment and the precious metals market. A lack of basic knowledge often leads to a complete misinterpretation of market forecasts, which in turn affects investment decisions.