Gold up 20% YTD! Will You Invest Futures/ETFs or Gold Bars?
Starting in March of this year, $Gold - main 2408(GCmain)$ began to skyrocket. It quickly broke through $2200, $2300, and $2400 in 2024. Following a period of consolidation between $2300 and $2400 from mid-April to June, gold prices surged again in July.
Today, $Gold - main 2408(GCmain)$ reached a new high of $2487 per ounce. Gold have increased by about 20% so far this year.
After the skyrocketing rally, big banks give higher target price for this precious metal.
Bank of America predicts that within the next 12-18 months, gold prices could rebound to $3000.
A Citigroup report suggests that in the second half of 2024, spot gold trading could reach a record $2400-$2600 per ounce, with a mid-2025 target price of $2800-$3000 per ounce under baseline conditions.
According to the World Gold Council, at the recent global annual production rate of about 3000 tons, all exploitable gold reserves worldwide are expected to be exhausted in less than 20 years.
Investor enthusiasm is soaring! Invest in gold bars and beans?
Last year, as gold prices surged continuously, a Chinese consumer sell over 600,000 yuan worth of stocks to buy gold.
In everyday life, families also purchase gold jewelry or invest in gold bars.
In China, collecting gold beans has become a trend among some young people.
$SPDR Gold Shares(GLD)$ $E-Micro Gold - main 2408(MGCmain)$
Would you choose to buy gold futures/ETFs or gold jewelry?
Would you consider purchasing gold bars from a bank?
Is gold part of your investment portfolio?
Leave your comments and also post to win tiger coins~
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
at the moment am not into buying gold. better to stick to stocks, MF and the likes. don't want to be too aggressive and go into everything [Grin] [Grin] [Grin]
@Shyon @Aqa @HelenJanet @GoodLife99 @koolgal @LMSunshine @Universe宇宙 @HelenJanet @SPACE ROCKET @TigerGPT @rL
Would you choose to buy gold futures/ETFs or gold jewelry?
Would you consider purchasing gold bars from a bank?
Is gold part of your investment portfolio?
Leave your comments and also post to win tiger coins~
In regard of all the advantages stated above, I don't really see any benefits to invest in physical gold instead of gold futures or ETFs! How about you?
@Tiger_comments @TigerStars @MillionaireTiger @CaptainTiger @Daily_Discussion @TigerGPT
I believe crypto centric stocks will do excellently well in the near future - Trump is going out of his way to attend a crypto convention next week and that speaks volumes about his support for the cryptospace (whether or not he is genuinely sincere).
In the LR, crypto will continue to rise. Bitcoin's deflationary system could also be a better currency than Fiat which is susceptible to whatever gov policies there are.
I invest in Bitcoin, Ethereum and Solana too. Despite many saying crypto is valueless, it is impossible to eradicate their huge market presence (2-3 trillion market cap), wide acceptance and usage in tomorrow's world.
I also invest in physical gold pieces and gemstones which I can wear. For e.g, a Tiffany and Co. gold bracelet which I bought 10 years ago have already more than doubled in retail value.