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Gold has the nature of money. Gold is a belief and the last anchor of all currencies. Gold has not been widely used in payment, settlement and daily transactions, just over a hundred years ago. All kinds of monetary and financial derivatives above gold gradually submerged the figure of gold and were eclipsed. On the contrary, it became an ornament and was publicly displayed and sold. In the financial market, gold futures trading products are also designed. The most intuitive judgment now is to judge the value of gold by looking at international gold futures and spot prices.
Every time the financial crisis is the hardest, people often think of gold. Confidence is more important than gold. No one has ever said that confidence is more important than the dollar. Because it is very simple, although the dollar has forcibly removed the anchor of gold, gold is indeed the ultimate value anchor point of financial instruments. In today's turbulent world, gold has always been the anchor of the sea.
golden
The sharp drop of international gold price is only due to the speculation of gold futures and the short-term reaction of various factors. In the long run, the value of gold is far underestimated! Because the purity of 100% gold will not change because of the old and new banknotes and circulation. And the inertia thinking of how much an ounce of gold costs should be abandoned, because this pricing itself is the result of extreme distortion!
This time, the price of gold fell by more than $200 per ounce. For China, it is best to seize the opportunity to buy gold assets and sell US dollars and US debt, and it is best to sell half of the US dollar-denominated foreign exchange reserves at hand. We don't have to fight for America all the time. He borrowed money to spend heavily, and finally created all kinds of crises and turmoil, which easily exempted him from responsibility.
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For individuals, if you hold gold assets, then don't worry. In such turbulent times, which assets and gold can make you more practical? You don't have to worry about the price going up or down against the dollar. Holding is long-term holding. Its value is the anchor of the ship, which allows you to dock safely on the shore in stormy waves and watch the flowers bloom and fall calmly. But if gold is used for speculation, I'm sorry, the properties of gold futures are no different from other financial derivatives.