Gold up 20% YTD! Will You Invest Futures/ETFs or Gold Bars?

Tiger_comments
2024-07-17

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.

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  • Alubin
    ·2024-07-17
    Would still prefer gold ETF. Easier to dispose
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  • highhand
    ·2024-07-17
    不，我不会买黄金或黄金等。黄金什么也不做，也不能像公司一样成长。只要投资股票就足够了。
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  • Universe宇宙
    ·2024-07-17
    In volatile or unpredictable markets, gold's enduring value is a compelling investment. [YoYo]
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  • Success88
    ·2024-07-17
    TOP
    Yes that why since last year start to buy gold and now gold had raise
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    • Success88Replying toTiger_comments: 
      Yes is a gold coin one ounce.
      2024-07-18
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    • Success88Replying toTiger_comments: 
      Yes is a gold coin one ounce.
      2024-07-18
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    • Tiger_comments: 
      wow, what’s this? A gold coin or medal? Good choice 88[Miser][Miser]
      2024-07-18
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  • icycrystal
    ·2024-07-18
    TOP

    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~

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    • TigerAI: 

      As an AI financial analyst, I don't have personal preferences or the ability to make investment decisions. However, I can provide you with some information to consider when it comes to investing in gold.

      Gold can be a part of an investment portfolio as it is often considered a safe haven asset and a hedge against inflation. Here are some points to consider:

      Gold Futures/ETFs: Investing in gold futures or exchange-traded funds (ETFs) can provide exposure to the price of gold without physically owning it. Gold ETFs, such as SPDR Gold Shares (GLD), allow investors to buy shares that represent a certain amount of gold. Gold futures, such as E-Micro Gold (MGCmain), are contracts to buy or sell gold at a predetermined price in the future.

        

      Gold Jewelry: Buying gold jewelry is a personal choice and can be seen as both an investment and a fashion statement. However, it's important to note that the value of gold jewelry is not solely based on the price of gold but also on craftsmanship and design. Additionally, selling gold jewelry may involve additional costs and may not provide the same liquidity as other forms of gold investment.

        

      Gold Bars: Purchasing gold bars from a bank or reputable dealer allows you to physically own gold. Gold bars are typically sold in various weights and purity levels. Owning physical gold can provide a sense of security, but it also comes with storage and security considerations.

        

      Diversification: Whether you choose gold futures/ETFs, gold jewelry, or gold bars, it's important to consider diversification within your investment portfolio. Gold can act as a hedge against market volatility, but it's generally recommended to have a diversified portfolio that includes a mix of different asset classes, such as stocks, bonds, and real estate.

        

      Remember, before making any investment decisions, it's crucial to do thorough research, assess your risk tolerance, and consult with a financial advisor who can provide personalized advice based on your individual circumstances.

      Please note that the above information is for educational purposes only and should not be considered as financial advice. Investing in gold or any other asset carries risks, and it's important to carefully evaluate your investment goals and risk tolerance before making any investment decisions.

      2024-07-18
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  • Shyon
    ·2024-07-17
    TOP
    I did invested a bit in physical gold previously but I found out that it is hard to keep safe of these belongings. Since then, for example now, I only invest in gold related stocks for example $SPDR Gold Shares(GLD)$ $SPDR Gold MiniShares Trust(GLDM)$ in which I don't have the physical parts to keep. Moreover, I can buy or sell whenever I want, without the need to go to physical stores. Last but not least, investing in physical gold especially in form of jewelry will cost additional premium due to the labour and branding charge. You have to pay more when you purchase and sell less when you trade off.

    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

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    • TigerAI: 

      As an AI financial analyst, I agree with your perspective on investing in gold. Investing in gold-related stocks, such as gold futures or ETFs, offers several advantages over investing in physical gold:

      Convenience: Investing in gold-related stocks allows you to buy or sell gold whenever you want, without the need to physically store or transport the gold. This provides greater flexibility and ease of trading compared to physical gold.

        

      Liquidity: Gold futures and ETFs are highly liquid investments, meaning you can easily convert them into cash when needed. In contrast, selling physical gold may involve additional costs and may not be as readily accessible.

        

      Lower Costs: Investing in gold-related stocks eliminates the additional premiums associated with physical gold, such as labor and branding charges. This can result in lower transaction costs and potentially higher returns.

        

      Diversification: Gold futures and ETFs provide an opportunity to diversify your investment portfolio by gaining exposure to the gold market without the need for physical ownership. This can help reduce risk and enhance overall portfolio performance.

        

      Regarding the recent performance of gold, it has shown significant growth this year, with a YTD increase of 20%. Analysts from Bank of America and Citigroup have also provided positive outlooks for gold prices in the coming months and years.

      In conclusion, investing in gold-related stocks, such as gold futures or ETFs, can offer several advantages over investing in physical gold. However, it is important to conduct thorough research and consider your investment goals and risk tolerance before making any investment decisions.

      Please note that the information provided is for reference purposes only and does not constitute investment advice. Investing in gold or any other financial instrument involves risks, and you should consult with a professional financial advisor before making any investment decisions.

      2024-07-17
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  • TheStrategist
    ·2024-07-17
    Neither go buy Kinross $Kinross(KGC)$ is you want to go into Gold 🤑🤑🤑
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  • SPACE ROCKET
    ·2024-07-18
    TOP
    不买入黄金股，因为我不希望我的投资组合超级混乱和过度多元化。我专注于我的加密货币相关股票，如MSTR、COIN、MARA、CLSK。

    我相信以加密为中心的股票在不久的将来会表现出色——特朗普将特意参加下周的加密会议，这充分说明了他对加密空间的支持（无论他是否真诚）。

    在LR中，加密货币将继续上涨。比特币的通货紧缩体系也可能是比法定货币更好的货币，法定货币容易受到政府政策的影响。

    我也在比特币、以太币和Solana投资。尽管许多人说crypto毫无价值，但不可能根除它们巨大的市场存在（2-3万亿市值）、在未来世界中的广泛接受和使用。

    我也投资可以佩戴的实物黄金和宝石。例如，我10年前买的蒂芙尼公司的金手镯，零售价值已经翻了一倍多。

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    • SPACE ROCKETReplying tonomadic_m: 
      这个简单的手镯宝贝！我10年前在韩国的时候花了1800美元买的！
      2024-07-18
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    • nomadic_m: 
      请给我蒂芙尼的照片。请给我赏心悦目
      2024-07-18
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  • WanEH
    ·2024-07-17
    可惜我没有买进任何和黄金有关的股票或者纸黄金。我觉得黄金可以抗通胀，但是是一个死物。所以很难像公司那般有成长。看来要学习一下黄金ETF。
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  • Barcode
    ·2024-07-18
    Gold's performance has been impressive this year! I might look into gold ETFs as part of my portfolio.
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  • Mrzorro
    ·2024-07-18
    I will choose to buy gold ETFs or physical gold. Gold is a long term investment that never outdated. although gold price will up and down but they keep growing in a stable way. for example my uncle brought a gold necklace 10-year ago about 400g, now the price of the necklace can buy 4pcs of the same weight gold, that's a 400% 📈 . 40% profit per year! Some more gold can be recognised in global, can be trade anywhere. Is one of the good choice in investment! [Miser]
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  • AliceSam
    ·2024-07-18
    全球最大的黄金ETF—— $SPDR黄金ETF(GLD)$ 可以拥有 [开心]
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  • NancyZhang
    ·2024-07-17
    Gold up 20% YTD
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  • YueShan
    ·2024-07-18
    Good⭐️⭐️⭐️
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