When is the best time to buy gold?

When is the best time to buy gold? The answer is undoubtedly that it is most cost-effective to buy at the lowest price. But when is the lowest? I'm afraid no one can really guarantee that it can only be speculative analysis. The trend of RMB in golden decade is from 20 1 1 month to 202 1 month, with the highest point of 468.69 yuan/gram and the lowest point of 2 16. 17 yuan/gram, with an average of 294.85 yuan/gram. At present, it has been adjusted from the highest point of 468.69 yuan/gram in ten years to 38 1.43 yuan/gram.

When will the buyer buy it? Mainly depends on what it is used for. If it is a rigid consumption for consumption purposes, such as wedding jewelry and gifts, you must buy them, so there is no need to entangle the price issue, and you must buy them with high and low matching. Jewelry and the like are purely for consumption purposes, and the price is also worthwhile. Buy when you need it. This is a rigid requirement.

If it is used for investment, it needs to analyze more factors and the best time. The main function of gold is to preserve its value. As the saying goes, gold is bought in troubled times. Generally refers to the occurrence of war, disaster, economic crisis and other factors. Simply put, when nothing is valuable, only gold is valuable. Under normal circumstances, the trend of gold is more related to the trend of the US dollar, and it is generally negatively related. This is because the US dollar is the universal currency. If the dollar appreciates, everyone will sell gold and buy dollars, and the price of gold may fall. The dollar depreciates, people buy gold and sell it (or the dollar is issued too much), and the price of gold rises.

In 2020, the epidemic situation in the United States is the most serious in the world, and the economy is greatly affected. Foreign countries began to print money and implement economic aid policies, pushing the price of gold to the highest point in the past decade. However, with the end of the US election, Biden has launched a series of new international and domestic policies, and it is still uncertain whether it can control the US epidemic and restore the US economy. Moreover, Biden implemented an economic rescue plan of $65,438 +0.9 trillion, which also had a favorable impact on gold. At present, the price of gold is in the selection stage.

If you are not sure when to buy gold, it is best to invest in gold by fixed investment. It is to buy gold with fixed funds every month according to the closing price of Shanghai Gold Exchange AU9999. At the expiration of the contract, the grams of gold accumulated by the customer can be converted into cash at the Shanghai gold market price, or the corresponding grams of gold bars and gold jewelry.

The above is for reference only and does not constitute investment advice.