4 thoughts on “The price of gold has reached a new low in the past two years.”

  1. As one of the more valuable metals, the value of gold has been high since ancient times. Even during the crisis, gold can be used to replace currency. Therefore, many people have the habit of storing gold. After all, gold can be spent at the emergency juncture.
    Nowadays, as the world situation is gradually tense, money is currently in a relatively sluggish state. When the money is sluggish, many "Chinese aunts" will start buying gold crazy. They think that buying a gold will be the most cost -effective at this time. Once the price of gold begins to rise, then it is bound to take this opportunity to make a lot of money to make a lot of money. It's right.
    So, for the aunts of China, is it really the best time for "bottoming" gold? Let's analyze it together!

    new gold price low

    The "Chinese aunts" will not be able to copy gold. Too unfamiliar, in fact, the price of gold fell to 1,500 ounces as early as 2014. At that time, the Chinese aunts staged a good drama of gold. In just ten days, Chinese aunts bought nearly 300 tons of gold.
    Especially in the eyes of many foreigners, the actions of Chinese aunts are undoubtedly very crazy, but this phenomenon is actually relatively sparse in China. After all, the Chinese have always had a kind of obsession with gold. As long as the price of gold falls, the aunts must buy gold.
    Nowadays, the price of gold has fallen again. Is it the best time for Chinese aunts to start buying gold? Let's listen to how professionals analyze it!

    is the best time to copy?
    In fact, the price of gold has always been in a state of comparison, but according to the current falling to 1600 ounces, it is likely that it has not yet reached the best period of the bottom. After all, the peak of gold prices before was only about 2,000 ounces, and it did not rise to a certain height.
    So according to the current situation, it is not the best time to copy the bottom. The specific reasons are mainly the following points:

    First, the Fed today is dealing with domestic Inflation is currently in the crazy interest rate hike. If the Fed continues to raise interest rates, the price of gold is likely to fall again. It will even fall to an unimaginable point in the past, coupled with the current war between Russia and Ukraine, the future gold price market is indeed not clear.

    . The current price fluctuations are not very large. According to the previous value of the previous gold price, it is not analyzed. When the price is the lowest. Therefore, if you buy a large amount of gold at this time, the price will not only rise for a while, but it may fall sharply.
    Third, the channels for buying gold in China are generally banks or jewelry shops, but there are big problems after buying. When you want to make it again, not all gold will be recycled by the bank. If it is sold to a gold -recovered shop, it will inevitably mean that it will be discounted on the basis of gold price.

    . For most people, if the price of gold has not risen to make money, it will definitely suffer. Essence So the best way is not to buy gold, especially when the price of the gold price is not particularly stable. In case of all the money in the hand, all the money is on the gold, and the money needs to be shot for a while, you may need to face a lot of losses.

  2. The price of gold has always been in a state of comparison, but as far as it has fallen to 1,600 ounces, it is likely that it has not yet reached the best period of bottoming.

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