From the beginning of 2023 to February 2, the price of gold remained at a high level, but it still did not affect consumers' love for gold. Gold has been a hard currency since ancient times, and it is also doomed to its ability to preserve value. In 2022, the central bank will increase its gold reserves to the highest level in 55 years, and ordinary families will also buy some gold to resist inflation or economic crisis.

Personally, if there is no urgent demand for gold, it is suggested to suspend the purchase, mainly because the purchase cost of gold jewelry is relatively high at present, and the recovery price of gold is quite different. If you have idle funds, you can buy some investment gold bars in moderation, and it is not recommended to buy them in large quantities at one time.

Reasons for not recommending buying gold:

1, reduced demand

With the strengthening of the US dollar index, the currency crisis has obviously ended, and gold, as a tool to avoid risks in troubled times, has also lost its commodity value, so many people are now re-converting their gold into dollars.

2. The price of gold fell.

Now, the price of gold has reached the peak of the bull market. After 2022, as the world's demand for gold decreases, its price will inevitably fall. In particular, Russia, India and China, three countries that are particularly fond of gold, experienced economic fluctuations in 2022, which greatly affected their purchase of gold, so their purchase of gold did not appreciate after 2022.