If you want to speculate in gold, how do you do it?

Gold, golden temptation. The Chinese have always had the tradition of "hiding gold among the people" because of its safety and preciousness. Nowadays, due to its functions of value preservation, constant value and hedging, gold has become an excellent investment and financial management tool - have you speculated in gold today?

It’s the right time to speculate in gold for individuals

“A promise of a thousand gold”, “golden section”… There are many nouns and sayings about gold, and the status of gold in people’s minds can be seen briefly. As a kind of hard currency, gold has always been favored by people for its functions of maintaining and storing value, as well as its liquidity, rarity, durability and ductility, and a country's gold reserves mark the country's economic strength.

Today, for individual investors and financial managers, gold has become a financial investment tool parallel to stocks, bonds, etc., and it is also an important financial and hedging tool.

Compared with other financial management tools, gold financial products have unique advantages: first, it has a value-preserving function, which can fight against inflation and political and economic turmoil, and can be used as a "safe deposit box" for personal financial management; second, gold has eternal value. It can be held for a long time as an important tool in an investment portfolio; third, in an investment portfolio, gold can be used to offset risks and ensure the value of assets.

It is precisely when all the sand is blown away that gold can be found. At a time when the actual interest rate on bank deposits is negative and the stock market is performing a "corpse collection", gold products highlight their financial management value and become the focus of people holding spare money. object.

Since 2005, gold has shown extraordinary resistance to decline. The gold price trend has obvious long-term bullish characteristics. According to expert predictions, the gold price throughout this year will consolidate at a high level and take advantage of opportunities to strengthen. This is mainly because the current weak US dollar pattern remains unchanged and the rising momentum of oil prices continues. In addition, the shortage of gold supply has also contributed to the long-term bullish trend of gold prices.

my country's gold market was established not long ago. On July 18, 2005, gold trading on the Shanghai Gold Exchange was officially opened to individuals. Individual investors can directly participate in the domestic gold market for physical gold investment through banks. Individual buying and selling of “real gold” has become a reality.

Nirvana in personal gold speculation. As an individual investor, what issues should you pay attention to and what skills should you have in gold speculation? First of all, individual investors should have knowledge reserves and psychological preparation for gold speculation. The degree of openness of the gold market is between that of foreign exchange and stocks. Gold speculators cannot be like foreign exchange financial managers, who can only look outside and focus on the international political and economic situation; nor can they be like stock traders, who are blind to what is happening outside the window and only care about the situation. Domestic financial market; gold speculators must pay attention to the factors that affect gold prices in both the international and domestic financial markets, especially the exchange rate changes of the US dollar and the revolutionary regulations on gold speculation policies in the open domestic gold market.

Although gold is a financial management tool for value preservation and hedging, as an investment and financial management tool, it has certain risks. Therefore, individual gold speculators should also be mentally prepared, that is, the expectations of investment profits and risks. In the international market, the movement of gold prices is still a wave rolling on the sea. Its ups and downs affect our emotions and financial management decisions. Only those who are mentally strong, step out of themselves, and dance on the top of the waves are the ones who speculate in gold. The winner is the winner in the financial market.

Secondly, it is crucial to choose the type of gold you invest in, because different types of gold financial tools have different risk and return ratios. Investment in gold is mainly divided into two types: physical gold trading and non-physical delivery gold certificate trading. The purchase and sale of physical gold requires payment of storage fees and inspection fees, etc., and the cost is slightly higher; gold certificate-based trading is commonly known as "paper gold", and its trading form is similar to financial management tools with virtual value such as stocks and futures. Gold speculators must clearly understand the trading time. , transaction methods and transaction details. Physical gold is also divided into many types. Different types of gold have different investment techniques. Commemorative gold bars and gold nuggets, which are somewhat similar to cultural relics or souvenirs, command a relatively high premium, while gold bars and gold nuggets with low investment and processing costs can enjoy better liquidity. There are more options for investing in pure gold coins and it is easy to cash out, but it is difficult to keep them. You can also invest in gold and silver commemorative coins, which usually command higher premiums in the secondary market.

Depending on their hobbies, individuals can also choose to invest in gold jewelry, but the price of gold jewelry plus taxes, manufacturers, and wholesale retailers' profits is much higher than the price of gold. Moreover, gold jewelry will wear out in daily use, thus consuming its value. When choosing gold investment varieties, these advantages, disadvantages and differences of different varieties should be carefully considered.

Finally, and most importantly, investment and financial management should be closely combined with your own financial situation and financial management style.

In other words, the purpose of personal gold speculation needs to be clear. When you invest in gold, do you intend to earn the price difference in the short term? Or is it a lower-risk component of comprehensive personal financial management, intended to hedge risks and maintain and increase value in the long term? For most non-professional gold speculators, the latter purpose accounts for the majority, so it may be more appropriate to speculate in gold with a medium and long-term perspective. They should keep an eye on the gold price trend, choose a suitable buying point to intervene in the gold market, and make medium and long-term investments.

Of course, financial managers in different situations have different choices: rich families with more spare money can choose to invest in physical gold, making full use of the value preservation and hedging functions of physical gold to prepare gold reserves for their personal families. Financial managers who are keen to rush in and out of the financial market and make profits from investments can choose gold certificate trading. If such financial managers can better grasp the stock market, then they can transfer similar skills to the gold market and then spend If you spend a certain amount of time and energy paying attention to and analyzing the international economic and political situation, you can boldly enter the paper gold trading market. Middle-aged and elderly investors who are familiar with the stamp market or collectibles market, that is, artistic financial managers, can invest in gold and silver commemorative coins. The premium and market trend are similar to stamp products. Female investors who love jewelry can choose to invest in gold jewelry, which can help them manage their finances while enjoying luxury goods.