Recently, both international and domestic gold prices have been soaring. For instance, the Shanghai Gold Exchange's AU9999 once exceeded 500 CNY per gram, and the listed price in many gold shops even reached 650 CNY per gram.
This seems to once again prove the long-term investment value of gold, triggering another wave of gold investment enthusiasm and allowing those who previously bought gold to make a handsome profit.
According to media reports, a bank employee in Hangzhou revealed that a local young man, when the price of gold was over 300 CNY per gram in early 2023, decisively invested up to 1 million CNY. Now, one year later, he has made a net profit of nearly 50%, which is almost 500,000 CNY.
In Beijing, a middle-aged woman interviewed expressed her pride and excitement about buying gold when it was 200 CNY per gram, unable to conceal her joy.
Many netizens exclaimed that you can always trust Chinese middle-aged women, after all, 10 years ago, Chinese middle-aged women fought against Wall Street giants.
From April 12th to April 15th, 2013, the price of gold dropped from 307 CNY per gram to 261 CNY per gram. Wall Street attempted to short the Chinese gold market, but a wave of Chinese middle-aged women took the opportunity to buy low. Whenever Wall Street sold, they bought, even going abroad to make purchases.
Data shows that in that year, Chinese middle-aged women bought approximately 300 tons of gold, with a total value of hundreds of billions, equivalent to the gold reserves of a country like the UK!
However, experts remind that gold is still an investment product, and one must pay attention to the risks. If you do not understand the market and its fluctuations, it is recommended to buy in batches.
Image Source: Pixabay
