Personal speculation is appropriate.
"A promise as good as a thousand dollars" and "golden thread" ... have common nouns and proverbs about gold, and the position of gold in people's hearts can be seen. As a kind of hard currency, gold has always been favored by people because of its value-preserving and storage function, liquidity, rarity, durability and ductility. A country's gold reserve marks its economic strength.
Today, for individual investors, gold has become a financial investment tool in parallel with stocks and bonds, and it is also an important financial hedging tool.
Compared with other financial tools, gold financial products have unique advantages: first, they have the function of preserving value, can resist inflation and political and economic turmoil, and can be used as a "safe" for personal financial management; Second, gold has eternal value and can be held as an important tool in the portfolio for a long time; Third, in the portfolio, gold can be used to offset risks and ensure the value of assets.
It is "the wild sand blows out, and the gold begins to see." At the moment when the real interest rate of bank deposits is negative and the stock market is staged, gold products highlight their financial value and become the object in the eyes of people with spare money.
Since 2005, gold has shown extraordinary anti-falling connotation. The long-term bullish trend of gold price is obvious. According to experts' prediction, the price of gold will show a high consolidation this year and take the opportunity to strengthen. This is mainly because the current weak pattern of the US dollar remains unchanged and the upward trend of oil prices continues unabated. In addition, the shortage of gold has also contributed to the long-term bullish situation of gold prices.
Shortly after the establishment of the gold market in China, on July 18, 2005, the gold trading of the Shanghai Gold Exchange was officially opened to individuals, and individual investors could directly participate in the domestic gold market for physical gold investment through banks. Personal buying and selling "real gold" has become a reality.
As an individual investor, what problems should be paid attention to and what skills are there? First of all, individual investors should have a good knowledge reserve and psychological preparation when speculating in gold. The openness of the gold market is between foreign exchange and stocks, and gold speculators cannot concentrate on the international political and economic situation like foreign exchange financing. Nor can it only care about the domestic financial market like stock trading; Gold speculators must pay attention to the factors that affect the price of gold in international and domestic financial markets, especially the exchange rate changes of the US dollar and the revolutionary regulations on gold speculation policy by opening the domestic gold market.
Although gold is a financial tool to preserve value and avoid risks, it is also a financial tool for investment, so individuals should be psychologically prepared to speculate in gold, that is, the expectation of investment income and risk. In the international market, the change of gold price is still a rolling wave on the sea, and its ups and downs affect our mood and financial decisions. Only those who are psychologically strong, jump out of themselves and dance on the waves are the winners of gold speculation and the winners of financial markets.
Secondly, it is very important to pay attention to the choice of gold varieties, because different varieties of gold financial instruments have different risk-return ratios. Gold investment is mainly divided into two types: physical gold trading and non-physical gold voucher trading. The purchase and sale of physical gold has to pay storage fees and inspection fees, and the cost is slightly higher; Gold coupon trading is commonly known as "paper gold", and its trading form is similar to financial instruments with virtual value such as stocks and futures. Gold speculators must be clear about the trading time, trading methods and trading details. There are many kinds of physical gold, and different kinds of gold have different investment skills. Some commemorative gold bars and nuggets are similar to cultural relics or souvenirs, with a relatively high premium, while gold bars and nuggets with lower investment and processing costs can enjoy better liquidity. There is a wide choice of pure gold coins for investment, which is convenient to realize, but not easy to keep. You can also invest in gold and silver commemorative coins with higher premium in the secondary market. According to hobbies, individuals can also choose to invest in gold jewelry, but the price of gold jewelry plus taxes, profits of manufacturers and wholesale retailers is much higher than the price of gold. Moreover, gold ornaments will also wear out in daily life, thus consuming value. When choosing gold investment varieties, we should focus on these advantages and disadvantages and differences of different varieties.
Finally, and most importantly, investment and financial management should be closely combined with their own financial situation and financial management style.
In other words, the purpose of personal speculation needs to be clear. Is the purpose of your investment in gold to earn the difference in the short term? Or as a low-risk part of personal comprehensive financial management, is it intended to hedge risks and preserve and increase value for a long time? For most non-professional gold speculators, the latter purpose accounts for the majority, so it may be more appropriate to speculate in gold from a long-term perspective. They should look at the trend of gold prices, choose suitable buying points to intervene in the gold market and make medium and long-term investments.
Of course, different financial managers have different choices: wealthy families with more spare money can choose to invest in physical gold, make full use of the value-preserving and hedging function of physical gold, and make good gold reserves for individual families. Wealth managers who are keen on fighting in the financial market and making profits from investment can choose gold coupon trading. If such financial managers can better grasp the stock market, they can move similar skills to the gold market, spend some time and energy to pay attention to and analyze the international economic and political situation, and then boldly enter the paper gold trading market. Middle-aged and elderly investors who are familiar with the market of philatelic products or collectibles, that is, art financiers, can invest in gold and silver commemorative coins, and their premium degree and market trend are similar to those of philatelic products. Female investors who love jewelry can choose to invest in gold jewelry and achieve the purpose of financial management while playing with luxury goods.