What common sense should beginners understand

Gold investment is also known as gold speculation. As we all know, investment is an industry that has relatively high requirements on the market and traders.

On the one hand, the investment must have a safe and stable trading environment, so that it can effectively obtain profits in a complex and volatile market, on the other hand, investors themselves must have certain basic knowledge, so that they can respond to market changes in a timely manner. So what common sense should we know about speculating gold?

1. Consider the exchange rate

When the national currency appreciates, people can buy cheaper gold goods in foreign countries, because the price of gold does not move or falls in the domestic market, it does not mean that the value of gold itself will fall accordingly, but it may be local currency and foreign currency The result of exchange rate changes.

2. Buy in batches

From a strategic point of view, we should follow the upward trend of gold prices, that is, operate in one direction, and insist on buying in the callback. Since the lowest point can be encountered and is not available, it is necessary to buy in batches, wait for the rise and throw, and then wait for the next buying opportunity.

3. Portfolio investment

The price of gold usually runs in the opposite direction to most investment products, so adding an appropriate proportion of gold to the asset portfolio can maximize the risk diversification, effectively prevent the asset from shrinking significantly, and even increase the value of the asset.

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4. Don't guess the top and bottom easily

There are many factors that affect the price of gold, such as the price of US dollars, the price of crude oil, the price of other commodities, the international political situation, the interest rates and monetary policies of major European and American countries, the increase and decrease of gold reserves, the rise and fall of mining costs, and the increase and decrease of gold in the spot market and many more.

5. Be cautious in short-term speculation

When speculating in gold, many people always want to fast-in and fast-out, so as to make profits, but the result is often counterproductive. In fact, investing in gold requires considerable analytical skills, and more caution is required.

Compared with stocks, foreign exchange, etc., the price of gold changes more moderately, with few ups and downs, so to make a profit, one must wait patiently for the price of gold to appreciate.