A woman from Zhejiang brought three close friends to buy gold, joking that she planned to buy 5,000 grams: she had previously invested over a million in other ventures and lost her principal, so she decided to buy gold instead.

The gold price has been steadily declining these past few days. On March 19, a reporter visited a jewelry store at Hangzhou International Jewelry City and saw many customers. Ms. Jiang, who came to buy gold, told the reporter that because gold prices had fallen, she brought three good friends to take a look. However, personally, she still feels a bit distressed about the price drop, as she started investing in gold in 2024 and currently holds over 1,500 grams.

“Long-term holding is like saving money; it’s for emergencies. When I need money, I can cash out immediately,” she joked, saying she plans to buy another 5,000 grams today. “I previously invested over a million or tens of thousands in other assets, but I even lost my principal. So I might as well buy gold.”

Experienced investors advise: Buying gold as a consumer product doesn’t require worrying about the underlying logic of price fluctuations, but as an investment, now is not a good time. Everyone should be cautious when investing in gold.

Source: Hangzhou Comprehensive Channel

【Source: Minnan Net】