On october 15, blue whale news (journalist), several banks have again raised the threshold for the accumulation of funds. On 14 october, the bank of china announced that the conditions for the purchase of accumulated gold products would be adjusted from 15 october, with the minimum purchase amount adjusted from 850 yuan to 950 yuan, and the additional purchase amount maintained at 200 integers。
Another state-owned business bank issued a bulletin on 11 october stating that, as of 13 october, the minimum investment of the industry's gold accumulation business (i. E., the accumulation threshold) had been raised from $850 to $1,000; the accumulation threshold for grams remained at 1 g。
It was only last month (3 september) that ninbo announced an upward adjustment from $800 to $900, and on 9 october it announced that, due to recent domestic price fluctuations, ninbo had adjusted the start-up amount from $900 to $1,000 from 11 october。
The context in which many banks have readjusted the threshold for the purchase of accumulated funds has been characterized by constant innovation in gold prices. Since this year, the cumulative increase in international gold prices has exceeded 50 per cent. On 15 october, international gold prices reached an all-time high. Wind data indicate that, as of the time of the release, comex gold had risen to the vicinity of $4217/ounce。
Gold prices continue to rise, with silver prices becoming more “crazy” — just on 14 october, when silver prices reached record highs, with real silver prices in the london market ranging from $53 to $53 per ounce, rising by over 80 per cent during the year, surpassing gold。
“golden silver is cheaper than gold, and the increase is greater. Why can't we buy `surplus silver' in banks?” there are investors wondering。
According to one bank practitioner, “the banking sector is prudent in carrying out its operations in view of the smallness and volatility of its financial investments, as well as the low level of returns generated by banks as a result of regulatory protection against risks”
“the high volatility of silver is not suitable for investment by ordinary customers (especially bank customers). On the other hand, the unit value of silver and silver is low relative to gold, and operating costs are relatively high.” the above-mentioned sources told the blue whale news。
Investors recall that previously banks had bank accounts, commonly referred to as `paper and silver', which could be leveraged, that the latter had suspended their customer opening applications, and that new warehouse transactions had been stopped for customers already in hold。
According to the details of hold held by an investor, his bank of commerce and industry had opened a bank account in the amount of rmb over 10 years ago, holding approximately 14,000 grams of silver, and had so far floating profits exceeding 29,000 yuan。
How can ordinary investors currently participate in silver investments when there is no “assets” or “paper and silver” available
The blue whale news notes that banks can now purchase real silver bars. For example, in the area of precious metals at their mobile bank app, three items of “stealing up the ladder” can be found at a price of $1791 (100 g), $845 (500 g) and $16910 (1,000 g), respectively, open for purchase at 9. 30-1530 hours。
“this price, however, has been converted at a higher price than the current price for silver futures, and it may be more difficult to earn gains in short-term operations. It is also important to note that banks do not offer silver buy-back operations.” according to senior investors, “it may be more cost-effective to buy real silver in markets such as waterbe”
Apart from real silver, there are not many silver-related products in the investment market. Searching for “white silver” at the commercial bank app, only two products, “lof” and “lof” c”, are identified as r5 high-risk products。
Of these, “lof” a was established on 6 august 2015, with a single-day purchase cap of $6,000, an increase of 44. 42 per cent over the past year; “lof” c was established on 11 october 2023, an increase of 43. 86 per cent over the previous year. It is worth noting that, as of the second quarter of this year, over 40 per cent of the product bonds and currency holdings were held。
In addition to this, the above-mentioned investors indicated that ordinary investors could also purchase silver shares directly in the a or port markets. He stressed, however, that, for ordinary investors, care must still be taken to build up and rationalize the size of precious metals assets. “the industrial properties of silver are strong, and the major economic agents are in recession, and the silver will be retroverted.” he warned。
Goldman sachs has recently published reports that caution should be exercised with regard to the rise in silver prices. According to analysts, the small size of the silver market and the lack of central bank support make it much more volatile than gold. The silver bank may face a greater downside risk than gold if there is a recent change in risk avoidance. With the possibility of further interest rate reductions by the fed, goldman sachs expects a further increase in silver in the medium term。
Wind data show that, as at 15 october, comex silver fluctuated around $51. 50/ounce, an increase of 1. 71 per cent。
