Today, 12 may, early in the morning, the news of the collapse of the price of gold has left many ready to buy. After all, the price of gold went up a long time ago, and many people wanted to start and were afraid to buy it higher, and now suddenly the price is down. What's the most important concern is: what is the price of gold in each brand now
I put together today's gold bars and gold offerings for the main brands of zhou dafu, fengxiang, and told you the real reasons for this drop in gold prices, and i ended up talking about the practical advice that ordinary people are buying money now, all the time, without turning around。
First of all, the most recent gold price (on may 12, excluding work costs) is the fact that the data are just as good today as the official store。
I. Update requirement for the main structure of gold/gonel
1. Dafu zhou
- gold 999 jewellery: $1446/g
- investment gold bars: $1270/g
- compared to the beginning of the month: $6-8 per gram, 30 grams of bracelets saved over $200
Old phoenix
- gold 999 jewellery: $1441/g
- investment gold bars: around $1265/g
- compared to the beginning of the month: 5-7 dollars per gram, and the value of the money has been stable
3. Six-four jewellery
- gold 999 jewellery: $1444/g
- investment gold bars (rich medal): $1266/g
- compared to the beginning of the month: like dafu zhou and feng zhang, the price drops are real
4. Other popular brand references
- weekly: $1444/g
- old temple gold: $1441/g
- decorations: $1415/g (high value for money)
- nudity gold (materials): $1203/g ( wholesale price, reference only)
In short, the price of brand gold is now concentrated at $1440-1446/g, and the gold bar is at $1265-1270/g, which is a significant decrease from the previous week。
Why did the price drop? Three ordinary people can understand
A lot of people wonder why the price of gold went up so fast. It's not a mystery. It's only 3:00
1. The fed does not reduce interest rates, with high interest rates crushing the fund price
Gold has a characteristic: it does not produce interest. Now that the interest rate in the united states has remained high, there is a steady interest rate for saving and buying, and who is willing to spend more on uninterested gold
The fed’s interest rate fell in may and june, with the result that recent economic data in the united states are good, with interest rate reductions expected to be directly delayed until the end of the year, or even likely to remain unchanged. High interest rates have persisted and the price of gold has naturally fallen。
The situation in the middle east is “unusual” and the price of oil has risen to the point where the price of gold has fallen
According to previous experience, in the middle east, the price of money rises in the event of war and tension (the need to avoid risk). This time, however, it was different: the middle east conflict led to a sharp rise in oil prices, and there was concern that higher oil prices would drive inflation, and the fed was afraid to lower interest rates and maintain high interest rates。
In a simple sentence, geo-conflicting oil prices and inflationary pressures have led to the federal reserve not falling interest rates, and the logic is the opposite。
There was too much increase in the previous period, and the profiters sold
Between the beginning of the year and april, gold prices surged, from $4,500 to nearly $476, and many people bought gold at low prices。
Large numbers of people sold together, the market supply increased, and the price naturally went down, in the form of a “higher backlash”, which is normal。
Iii. Gold medals and gold bars, which is more profitable now
Many people can't tell the difference between gold and gold bars. They don't know which to buy
Purchase of gold jewellery (hand bracelets, necklaces, rings): suitable for wearing, marriage, gifts
- advantages: good-looking, everyday, commemorative
- shortcomings: high work costs (30-80 dollars per gram), only gold weight at recovery, total cost of work
- recommendation: this price is cheaper today than it was at the beginning of the month, it is possible to start (marriage, anniversary days) without waiting for the lowest point, after all, no one can predict; if you simply want to invest, don't buy gold, it's too expensive。
2. Purchase of gold bars: suitable for investment, preservation of value, long-term savings
- advantages: low wages (10-20 dollars per gram), prices close to raw materials, low price differentials at recovery and high value preservation
- shortcomings: i can't. I can't. I can't
- recommendations: if you want to keep money for three to five years, now prices can be bought in bulk, not in one-off cases; if you want to make a difference on gold bars in the short term, don't touch it, the price is volatile, and ordinary people are not able to move on the rhythm。
Iv. People buy gold, avoid these three pits
The three pits must be avoided whether they buy gold or gold bars
1. Don ' t just look at the price and ignore the cost
A lot of people come to the store asking, "how much is a gram," without paying for their work. For example, zhou dafu – us$ 1,446/g for work costs of us$ 50/g; actual us$ 1496/g for work; some small brands – us$ 1440/g and us$ 30/g for work – are actually cheaper. Before you buy it, you have to pay the price。
Don't follow the wind to the bottom
Now the price of gold is down, a lot of people buy it, even borrow it. Remember, gold is not easy to earn, it can fall. There's free money in hand, for 1-2 years, and it's possible to buy it; there's no need to touch it, there's too much pressure。
Do not believe in “minimum price” based on the actual door shop
Online offers can only be used as a reference, with prices floating at 1-2 dollars/g in different cities and in different stores, and costs may vary. Before buying, you go to two or three stores to compare, check in kind, calculate the total price, and then decide。
Will the price fall again? Should ordinary people wait or should they buy it
That's what's at stake. To be honest, no one can predict 100 per cent, but can see two signals。
1. Short term (1 - 2 months): concussion at approximate rate, hard to fall
The decline is now largely due to the conclusion of the fed’s expectations and gains, with approximately $1440 per g of short-term support, with little chance of a major fall; it will also be difficult to increase unless the fed suddenly announces a fall in interest rates, or the situation in the middle east deteriorates again。
2. General choice: just having to wait for another and investing in batches
- just had to (marry, gift, wear): now that the price is lower than at the beginning of the month, you can start with the argument that you can't fall another ten dollars, and you can miss the style you like。
- investments (gold): do not buy out at one time, two to three times, for example, half now, with a further drop of $5 to $10/g, and the other half with a spread of costs and a lower risk。
Vi. Conclusion
It was no accident that the price of gold fell sharply on 12 may today, as a result of high interest rates, rising oil prices and excessive earlier increases. The main brand is now 1440-1446 yuan/g gold and 1265-1270 yuan/g gold, which is indeed more favourable than the previous period。
For ordinary people, gold is either just needed or a long-term preservation tool, rather than being treated as a short-term profit-making speculative. Think clearly before you buy: wear it yourself or invest it? How much is the budget? How long
One last question: are you planning to buy money recently? Are you ready for gold? Do you think the price of gold will rise or fall
For reference purposes only, the specific price is based on the official notice of each brand and the actual sale price of the store。
