Since 2023, the price of gold has continued to rise, once breaking the $2,000 / ounce mark, some people cashed out, others invested.

In fact, the topic of gold investment is enduring. Mr. Hu, who has been engaged in the wholesale jewelry business in Hangzhou for more than 10 years, tells a special story.

Near the jewelry city where Mr. Hu works, many of the displaced people are hoarding gold, not a large amount, but some of them.

Three years ago, when the gold price was relatively low, a migrant asked to buy 8 kilograms of gold, a total price of more than 3 million yuan, and paid a 30 percent deposit on the spot, that is, 1 million yuan.

Mr. Hu prepared the goods overnight, and the next day divided the gold bars into 100 grams, 300 grams, 500 grams and other different specifications to the customer.

In March 2019, a kilogram of gold was about 280,000 yuan, but now it has soared to 400,000 yuan, so the uprooted family has made about 1 million yuan.

So is gold worth investing in right now?

According to Hu,In recent years Russia-Ukraine conflict, European and American bank explosion and other background, the rule of buying gold in troubled times is still irrefutable, if you are not sure, you can see the operation of the central bank.

Central banks have been buying gold on a massive and sustained basis in recent years, reaching 1,136 tonnes in 2022, the highest since 1950.

In 2023, net gold purchases by global central banks rose to 77 tonnes in January from 31 tonnes previously, up 192% from the previous month.

Another phenomenon worth mentioning is thatChinese damas, once keen buyers of gold, are no longer so crazy.

More and more young people after 95, 00 began to buy gold, and more rational, the basic is thousands of yuan, and the pursuit of style, wear a good look, pleasure is the most important, value preservation or the second attribute.