Gold Bar Investment Has Not Seen The Bottom Of The Market.

International gold prices rebounded and the evening rally was gratifying. After a sustained decline, the market finally gained a significant rebound. Yesterday, gold hit a daily low of 1180.39, and rapidly increased, and broke many resistance points along the way, eventually standing on the top 1220 U.S. dollars / ounce. Due to the overall favorable economic data and strong US dollar, the attractiveness of gold as a hedge against risk has been greatly reduced, and the market is expected to be more pessimistic.

Reporter survey found that yesterday's gold price rise has not been transmitted to thousands of gold jewelry consumer market and investment gold bars sales. The consumers who had caught the bottom of the market in April also became calm.

　　 Gold prices remain unchanged.

The international gold price has finally gained a substantial rebound after penetrating the key point of 1200 US dollars. 1, the European market, gold prices in the vicinity of 1240 U.S. dollars / ounce, silver shock in the vicinity of 19.70 U.S. dollars / ounce. At the same time, the domestic market generally rose, gold rose more than 4%, silver rose nearly 6%. Yesterday, the Business Daily reporters visited Nanping, Monument for Liberation and other business circles of gold shop found that thousands of gold jewelry prices, "do nothing." The price of most brands of thousands of gold jewelry remains at 327 yuan / gram. On the same day, the real time base price of China's gold flagship store was 252 yuan per gram, while last week's lowest point was 254 yuan / gram. In the view of gold sellers, the impact of international gold prices on the retail market usually has a lag period.

In fact, since the beginning of April this year, gold has fallen from 1610 US dollars / ounce. Since late June, the United States has made a clear decision to withdraw from quantitative easing policy, and the market began selling gold. In addition, many international investment banks, including Goldman Sachs, have joined the "bad mouthing" gold again. International gold prices have been falling, and gold bullion has almost collapsed. In the last week of June, international gold prices continued to fall, directly breaking the 1300 dollar / ounce, 1200 dollar / ounce two integer pass.

　　 No investment in gold bullion investment

Insiders say that the cost of 1200 US dollars / ounce is almost the cost of gold mining in most foreign mines, which is the first time that gold has fallen below its cost price in the past ten years. However, this fact did not further stimulate investors' desire to copy the market. Reporters yesterday visited a number of gold stores found that although there are still a lot of people buy gold recently, but the effort is far less than the previous stage.

"Last time I bought some gold jewelry, I didn't expect it to fall again." The woman who was picking gold jewelry at Chongqing gold shop told reporters that she had bought several gold ornaments at the price of 379 yuan / gram after the last round of the gold crash. Chongqing gold shop official also told reporters that at present, whether it is gold or jewelry, sales are similar to the previous few days, and there has been no big rush. The reason for her analysis may be that the gold price has been more volatile recently, consumers are more rational, and many customers are waiting to see whether the price of gold will still fall.

"Most buyers are not for investment purposes. Since they are not investments, gold jewelry is not a regular consumer product, but many people buy it once a year or even a few years." There are also gold sales insiders believe that in mid April, the gold rush basically released the vast majority of Chinese consumers' gold purchasing power, so the price down again certainly did not have such a big impact.

　　 remind

Gold prices are unknown. Gold is the most risky risk.

Does gold mean that the big bull market is likely to reappear? In the eyes of Sun Zhaoxue, general manager of China Gold Group, the world war is fought around oil, while currency war is reflected in gold. He pointed out that, from a series of recent behavioral analyses by the US government and financial institutions, the collapse of gold is a currency war, with the aim of keeping the US dollar strong and completely defeats the euro and all other currencies.

"In my case, it might be better to invest in open-end funds, hedge funds and PE funds. Even buying land and buying houses may be stronger than gold's long-term value." Chen Zhiwu, a professor of financial economics at Yale University, said that the remarks of chairman Bernanke of the Federal Reserve would not necessarily represent the US government, and that monetary capital had its added value, while gold was very scarce in this respect.

"Future commodity markets, gold or crude oil, their future trend should be more full of complexity and uncertainty." Yang Maijun, general manager of Shanghai futures exchange, believes that we can feel the complexity of the future. What is the price of gold? What is the price of crude oil? It may depend on many viewpoints. It depends on the recovery of European and American economies. It may depend specifically on whether the United States will really end the QE loose liquidity policy. This is also full of uncertainty, and it may depend on whether the US economy can finally recover.