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

Tiger_comments
07-17
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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~

Gold Hits $2700! Is $3000 Possible in 2024?
Gold has risen from $2,100 at the beginning of the year to $2,700, an increase of nearly 30% ----------------- Will the price of gold reach $3,000 next?
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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Comments

  • Alubin
    07-17
    Alubin
    Win 5 Tiger-coins
    Would still prefer gold ETF. Easier to dispose
  • highhand
    07-17
    highhand
    Win 10 Tiger-coins
    no I won't buy gold or gold etc. gold does nothing and cannot grow like a company. just invest into equities is sufficient.
  • Universe宇宙
    07-17
    Universe宇宙
    Win 10 Tiger-coins
    In volatile or unpredictable markets, gold's enduring value is a compelling investment. [YoYo]
  • Success88
    07-17
    Success88
    Win 10 Tiger-coins
    Yes that why since last year start to buy gold and now gold had raise
  • icycrystal
    07-18
    icycrystal
    Win 10 Tiger-coins

    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~

    • TigerGPT: 

      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.

  • Shyon
    07-17
    Shyon
    Win 30 Tiger-coins
    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

    • Shyon: 
      Come and join ya guys @koolgal @rL @icycrystal @b1uesky @Universe宇宙 @SPACE ROCKET @Barcode @GoodLife99 @Fenger1188
    • TigerGPT: 

      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.

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