the highest price of gold in history was 395.3 yuan/gram, which reached the highest price on September 6th, 211.
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Investing in gold has the following eight advantages:
1. The ideal weapon for inflation: In recent decades, inflation has become serious, and most countries are troubled by this problem. When the currency depreciates, the purchasing power gradually decreases, and money becomes worthless. Gold is a precious commodity, and the price of gold will rise with inflation. Gold replaces the loss of inflation and ensures that investors' assets will not be eroded by inflation.
2. Excellent hedging function: When the world political situation and economy are unstable, especially in war or economic crisis, all kinds of common investment tools such as stocks, funds and so on will be severely impacted, and at this time gold shows a good hedging function.
3. The market is difficult to be manipulated: the regional stock market is full of human manipulation. However, the gold market is a global market, and no individual or other person has enough funds to manipulate the global gold market, so the price of gold can always be maintained at the level of actual supply and demand.
4. Not easy to collapse: both stocks and real estate are at risk of collapse, and investors will lose all their money if they collapse. Gold is a non-renewable metal, and the total amount of gold mined now exceeds half of the earth's reserves. In the future, the amount of gold will only be less and less, so the price of gold has been rising.
5. Trading around the clock after sunset: The gold market is now opening, and the trading hours all over the world have become first-line. In 24 hours, there are active quotations in gold, so it can be traded at any time.
6. Universal access: People in ancient times regarded gold as the best travelling expenses for travelling far away. Today, gold is still the currency in the world. As long as we have real gold, banks and gold merchants all over the world can convert gold into local currency.
7. there is no depreciation problem: basically all luxury goods will encounter depreciation problems. When I bought it new, I couldn't sell it at the original price. When I used it for a long time, the value depreciated even more, probably not worth half of the original price. But there is no depreciation of gold, its value is permanent, and the value of gold itself has not been reduced.