First of all, individual investors should have a good knowledge reserve and psychological preparation when speculating in gold. The openness of the gold market is between foreign exchange and stocks, and gold speculators cannot concentrate on the international political and economic situation like foreign exchange financing. Nor can it only care about the domestic financial market like stock trading; Gold speculators must pay attention to the factors that affect the price of gold in international and domestic financial markets, especially the exchange rate changes of the US dollar and the revolutionary regulations on gold speculation policy by opening the domestic gold market.

Secondly, it is also important to pay attention to the choice of gold varieties for investment. Gold investment is mainly divided into two types: physical gold trading and non-physical gold voucher trading. Gold coupon trading is commonly known as "paper gold", and its trading form is similar to financial instruments with virtual value such as stocks and futures. Gold speculators must be clear about the trading time, trading methods and trading details. There are many kinds of physical gold, and different kinds of gold have different investment skills. Most pure gold varieties have to pay storage fees and inspection fees, so the cost is slightly higher. ICBC's physical gold is the most special kind, and its transactions are all carried out on gold accounts. If you don't provide real gold, individual investors can fry real gold as easily as paper gold.

Finally, and most importantly, investment and financial management should be closely combined with their own financial situation and financial management style. In other words, to clarify the purpose of personal speculation, is the purpose of your investment in gold to earn the difference in the short term? Or as a low-risk part of personal comprehensive financial management, is it intended to hedge risks and preserve and increase value for a long time? For most non-professional investors, it is mainly for the purpose of long-term preservation and appreciation, so it may be more appropriate to speculate on gold with a long-term perspective. Depending on the trend of gold price, choose the right buying point to intervene in the gold market.