Gold Industry Experts: Gold Investment Market Impetuous

Recently,

However, under the effect of "buying up, not buying down", although the investment cost has increased significantly as the price of gold has climbed, the enthusiasm for gold investment in the market has been increasing.

However, we must be alert to risks when prices are good.

A gold industry expert pointed out that the gold price boom may inhibit some demand, but it will also stimulate some fear of "stepping down" mentality, thereby blindly catching up, increasing gold holdings, and even reporting gold bars out of stock in some places.

But this craziness is risky. After all, gold has plunged from $800 an ounce to $250 in history.

Experts pointed out that for ordinary investors, the high gold price "gold speculation" should pay attention to the following points: first, we must choose a reasonable investment tool, we must choose according to the individual's capital, affordability and investment experience, first select the more familiar channels.

Secondly, we must have a good mentality and never gamble.

The main function of gold is to preserve value, avoid danger and not make a profit, and the cost of earning profit through the gold price difference is higher than that of many investment goods, and gold is also a big fluctuation commodity, so it is very dangerous to invest heavily in "gambling" gold price rise.

Third, to control the appropriate proportion of investment, the proportion of gold investment should be less than 20% of total assets.

Fourth, buying gold jewelry is not equivalent to investing in gold.

As gold prices rose, gold jewellery sales surged in addition to gold bars.

But gold jewelry, gold souvenirs because there is no formal repo channel, and the premium is very high, in fact, not investment goods, nor investment value, but investors who enter the gold market are easily confused, and mistaken that buying gold jewelry, souvenirs, handicrafts is also investment, and can also hedge or even profit.