Individual investors should make good knowledge and psychological preparation for gold speculation. The openness of the spot gold market is between foreign exchange and stocks. Gold speculators can neither focus on the international political and economic situation like foreign exchange financial management, nor can they be like stock speculators. Concerned about the domestic financial market.
Gold speculators must pay attention to the factors affecting the price of gold in both the international and domestic financial markets , especially the exchange rate changes of the US dollar and the transformative regulations on the gold speculating policy in the open domestic spot gold market.
It is very important to pay attention to the selection of spot gold varieties to be invested in, because different varieties of spot gold financial management tools have different risk-return ratios. Investing in spot gold is mainly divided into two types: real gold trading with physical delivery and spot gold certificate trading with non-physical delivery.
Physical spot gold is also divided into many types, and different types of spot gold have different investment techniques.
Commemorative gold bars and gold nuggets, some similar to cultural relics or souvenirs, have a relatively high premium, while gold bars and gold nuggets with low investment and processing costs can enjoy better liquidity.
Investing in pure gold coins has a wide range of choices and is easy to cash out, but it is difficult to keep. It is also possible to invest in gold and silver commemorative coins that usually have a higher premium in the secondary market .
According to hobbies, individuals can also choose to invest in gold jewelry, but the price of gold jewelry plus taxation, profits of manufacturers, wholesalers and retailers is much higher than the price of gold. Moreover, gold jewelry will wear and tear in daily use, thereby depleting value. When choosing spot gold investment varieties, these advantages, disadvantages and differences of different varieties should be considered.