Second, investment in precious metals should have a goal, and the timing of intervention should be chosen according to the goal. Precious metals investment cycle can be divided into short-term investment, medium-term investment and long-term investment. If investors aim at preserving value, it may be more appropriate to choose long-term investment. If investors want to earn the difference through the fluctuation of gold price, they can choose short-term investment.
Third, investors should be psychologically prepared. Although it is generally believed that precious metals have the function of preserving value and avoiding risks. However, as an investment and financial management tool, it must have its risks. Investors should be psychologically prepared and have the expectation of investment profit and loss.
Fourth, master analytical methods. Precious metals investment, like other investments, should also conduct fundamental analysis and combine technical analysis.
Fifth, understand what factors affect the price of precious metals. Investors in precious metals investment must pay attention to the influence factors of international and domestic financial markets on the price of gold, including the change of US dollar exchange rate and the revolutionary regulations of domestic precious metal market on gold speculation policy.
Sixth, we should understand the rules and methods of precious metal trading. There will be corresponding rules for the cost of physical precious metals trading, the time of precious metals trading, telephone entrusted trading and online entrusted trading. Investors should be clear before trading, so as not to cause unnecessary losses.