Experience buying gold hoard that you must know - Insurance Finances

Gold is a precious precious metal, so not only people but also governments hoard gold because of its high level of safety and value. Do you also want to invest in gold but don't have it yet? experience buying gold and hoarding. In order not to lose capital during the investment process, below Giabachomnay24h.com will introduce to you the best gold investment experience.

Understand what buying gold hoard is?

As you know Gold is a metal of great value. Gold is often used as jewelry to wear on people, but is also a high-value asset that replaces cash.

Normally, investors often choose gold to accumulate assets as well as invest. Because gold has a high value and usually rarely goes down in price. When you sell, you won't lose too much. Moreover, gold is also easy to maintain without loss over the years.

Currently, not only people but even governments around the world have a certain amount of gold in reserve. Because gold has a great price and has a great influence on the world economy, it is often chosen as a saving asset.

Because of that, there are many people who want to buy gold for long-term storage. However, to invest in gold effectively, you need to have experience in grasping the market and understand the types of gold. Otherwise it is very easy to lose money because the market can change from day to day.

Should I buy gold to hoard?

Compared with other forms of investment, the form of buying gold to hoard will bring a more secure feeling for investors. You can directly own the amount of your property without worrying about disputes or the risk of losing everything.

Currently, many people follow the form of investment with quick and high returns such as real estate investment, investment in cryptocurrency, etc. However, these forms have great risks and can be dangerous. lose all the money you have invested if you have no experience.

In contrast, investing in gold is a long-term, long-term form of investment. The amount of gold you invest is still in hand, when the market goes up, we can sell it to make a profit. When the price drops, we can still keep it as an asset later.

Therefore, if you have idle money, you should invest in buying gold to save instead of other forms of investment.

Should buy gold to hoard or save?

Do you understand the essence of savings investment? Savings investment is actually a bank taking money from one person to pay the other. More specifically, it will take the borrower's interest to pay the depositor.

The amount of savings you receive will depend on the interest rate that the bank adjusts from time to time. Or if the bank is doing well, the interest rate will be high.

In general, if you have a small amount of money and you want to make a short-term investment, you should still choose a bank savings account. But if you want to invest for a long time and enjoy high returns, you should choose gold to invest.

Should buy gold or buy USD to hoard?

If at this time, you invest in foreign currency, you will definitely lose. This is the time when inflation of all countries in the world is rising. So when we invest, we will later receive a rather meager amount of money.

In addition, the dollar also depends a lot on the US economy. If their GPD falls, surely the exchange rate and the value of the USD will also depreciate quite high.

Therefore, investing in foreign currencies at this time is not as reasonable as investing in gold.

Should buy gold to hoard or invest in real estate?

The current situation of Vietnam is that it is suffering from virtual land prices. In many rural areas, the land price used to be very low, but now it has increased a hundred times more than before.

Looking at the price, it is quite high, but actually this is just a virtual price and that land cannot be applied to trading or doing business at all. These are all just tricks of the price extortionists.

So if you now invest in land when the price is at its peak. Later, when the land cools down, you will definitely lose quite a lot.

All in all, investing in gold is still a more profitable and long-term investment.

The experience of buying gold and hoarding is not known to everyone

To invest effectively, you should know some of the following gold buying experiences. Almost anyone who invests in gold knows the following rules.

Choose to buy gold at a reputable brand

To ensure the purity of gold, you should choose reputable gold shops. Do not buy gold at retail places of unknown origin. Should choose big brands that sell gold with full receipts and receipts.

At that time, we buy new gold to ensure quality and later sell it to have value. Especially, you will not be fooled into buying fake, poor quality gold.

Buy gold with idle money

Idle money is money that has not been used for any purpose for a long time. For example, your savings account. You can spend to invest in gold for the long term.

When we buy gold and hoard it, it is determined that a long-term investment, not a day or two, will be profitable. Therefore, you should use your idle money to invest instead of some hot money.

Buy gold at the cheapest time

A very important point that anyone when investing in gold needs to know. That is buying gold at a time when gold is cheap.

Because the price of gold changes hourly, every day. Therefore, you need to regularly monitor and update the situation of domestic and international gold prices. Then choose the right time to buy gold.

You should not buy gold during the time when the price of gold is at its peak. Chances are that as soon as you finish buying, the price of gold will drop. At that time, we had a loss of money from the very beginning.

Sell ​​gold in a reputable place

The place to sell gold is also very important. You should choose reputable gold sellers, have a long operating life and have a listed price list for sale.

Because normally the commoners have no knowledge of gold. And the merchants are people who know too much about gold. So when you sell you may be forced to lower the price than the actual value.

Should sell when gold is high price

As mentioned above, investing in gold is to eat the exchange rate difference. When the price of gold is low, we buy to accumulate and when the price of gold is high, we sell to eat the difference. This is basic knowledge that everyone knows.

You should monitor the gold price continuously and predict the situation. Should sell as soon as you feel the price, do not be greedy because the price of gold will change rapidly by day.

What kind of gold should I buy to save?

Not all types of gold should be bought to hoard. You should only choose four-nine gold, also known as 24k gold. Because this type of gold has high value and is durable and long-lasting.

For long-term storage without fading, fading and oxidation.

Usually, when hoarding gold, you should choose to buy gold bars, bars or plain rings instead of hoarding gold jewelry. Buying and selling gold bars and bars later is also easier than selling gold jewelry.

Should buy gold hoard this time?

There are many investors who seize the opportunity, they will choose to buy a large amount of gold to hoard. After that, when the gold is priced, they will sell it immediately.

To decide whether to buy gold to hoard at this time or not, we will rely on the following factors:

• When inflation is high, the currency depreciates.


• Stock indexes are down and investors are selling off stocks.


• The economy is in crisis and there are wars and epidemics happening.


• The central bank sets policies to tighten market interest rates.

Here are all the experience buying gold hoard that everyone should know before investing. Hopefully, these shares have helped you better understand gold investment at the present time.

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