In the past half month, with the continuous decline of the international gold price, more and more young people have posted orders to laugh at themselves for "buying gold", and the gold in their hands has been discounted before it is hot. "Gold bars are still on the way, and the price of gold has fallen" On October 9, Shanghai citizen Xiaomi (pseudonym) opened the bank APP and saw that the two 5-gram gold bars he bought the day before were still on the road, and the international gold price fell. She said that when she placed the order, she also secretly liked that "the price of gold fell, picking up the gold bars", but she didn't expect the gold bars to break before she got them.
Xiaomi shared the experience of "buying a gold quilt cover" on the online social platform, which also resonated with many people. In addition, there are many people who buy gold jewelry. Recently, in Shenzhen's Shuibei market, where the gold price is relatively affordable, it is crowded with young people from all over the country.
"How could I have thought that after buying gold for 6 days, the price of gold is falling every day, and it hurts." Zhang Wei (pseudonym), a citizen of Shaoxing, Zhejiang, said that during the National Day, he went to the Shenzhen Shuibei International Jewelry Trading Center (hereinafter referred to as Shenzhen Shuibei) to buy gold jewelry at a price of 607 yuan per gram, but he stood firmly in a high position.
Zhang Wei's selection of gold jewelry. Image source: Courtesy of the interviewee
On that day, Zhang Wei carefully selected gold bracelets, bracelets and rings in the market, totaling about 35 grams, and spent more than 21,000 yuan. He said that based on the price of gold jewellery at 591 yuan/gram in Shenzhen's Shuibei market on October 10, he has now lost nearly 20 yuan per gram, especially on October 8, when the price of gold plummeted by 10 yuan/gram, which exacerbated his concern about the continued decline in gold prices.
And there are many jewellery consumers like Zhang Wei. On the same day, there was also a couple from Heilongjiang who spent about 100,000 yuan on gold jewelry.
Shenzhen Shuibei Market. Image source: Courtesy of the interviewee
The reporter inquired about the official micro of major brands and found that the official listing price of gold jewelry of Lao Fengxiang, Chow Tai Fook, Zhou Shengsheng and other brands on October 11 was about 770 yuan / gram.
Lao Fengxiang October 11 gold price ↑
Chow Tai Fook October 11 gold price ↑
Chow Sang Sang October 11 gold price ↑
Since the beginning of this year, the international gold price has risen by about 30%, and the soaring gold price has attracted more and more attention from young people.
Some respondents believe that "buying gold is not consumption", and the current international gold price is volatile, but they are not optimistic about the precipitous decline of gold prices in the short term, "buying gold insists on an investment in the long run." ”
At the same time, young people who bought the "three golds" for marriage began to wait and see. When Zhang Wei was in Shuibei, Shenzhen, he had already thought about buying "three golds" before getting married. "With such a high gold price, I don't dare to buy it all at once." He told reporters that his wedding date is next year, and there is still time to wait and see the trend of gold. "If the price of gold continues to rise, you can take the gold jewelry that your parents used to buy for two or three hundred yuan per gram and take it to the store area to trade in the old for the new, which is also a kind of inheritance." Chen Li (pseudonym), a Jiangsu citizen who is about to get married, is also hesitant in the face of high gold prices. She said that her parents gave her 80,000 yuan, but she waited for months without placing an order, regretting that she had not rushed a few months earlier, and now she was afraid that the price of gold would fall too quickly to buy.
There are also some young people who believe that the price of gold is still at a high level, and it is not suitable to hoard more gold at present, and it is still mainly wait-and-see. If the price of gold stops falling and rises, consider reducing the "hardware" needed for marriage to "three gold", which is enough.
There are also people who choose the "three golds" as their daily low-gram heavy money to reduce their own gold purchase expenses as much as possible.
In addition, many young people will choose to buy gold bars at the bank and then find a gold shop to "play three gold", which is very cost-effective. Taking 50 grams of "three gold" gold jewelry as an example, compared with buying branded gold jewelry, you can save about 9,500 yuan.
Shenzhen Shuibei merchants display gold bars. Photo provided by the interviewee, experts suggest that gold jewellery consumption can be waited and seen until the Spring Festival Recently, gold prices have been in a volatile downward market since reaching an all-time high on September 26. On October 9, spot gold closed down $14.13, or 0.54%, at $2,607.71 per ounce, and has been lower for six consecutive days. On October 10, spot gold prices fluctuated slightly.
The trading price of spot gold. Image source: Screenshot of the webpage
Li Gang, research director of the China Foreign Exchange Investment Research Institute, said that the temporary decline in gold prices should not be over, and it is only a short-term level, and it has not yet reached the medium-term level.
However, Li Gang feels that there is still room for the international gold price to rise, and it is still necessary to look at the future international gold price with a positive attitude. For consumers, if they want to invest in gold, it is recommended that they buy it more firmly. However, as a jewelry consumption, it is still necessary to "cash is king", combined with the economic environment, you can wait and see, and then make plans during the Spring Festival.
Netizens have different opinions
Netizens have different opinions on the trend of gold prices, and some people share their experience of buying profits or losses.
Some people also said that gold jewelry is to buy emotional value and do not care about ups and downs.
There are still many people who are optimistic about the long-term investment attributes of gold.
Source: Chao News, Newsroom, netizen comments
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