9 Things to Know Before Trading Gold🪙

🪙 9 things to know before trading gold 💰

It is reputed that gold is known by many to be a popular asset that no matter who wants to possess it, because when the price of gold rises, buying and selling is quite profitable, but many people may still not know the exact principle of buying and selling, causing losses and opportunities. Today, we are going to gather information to tell 9 things that new investors should know before buying and selling gold.

1. Should know the period of gold rise and fall. The main factors affecting the price of gold. State monetary policy and interest rates.

If interest rises, it reflects that the economy is good, the price of gold will fall, but if the economy is bad, confidence in the country is low, gold will rise, then oil and inflation, or the dollar, including demand, according to demand, according to demand, when people want to buy high gold, like the Chinese New Year, Chinese people buy a lot of gold, when there is a lot of demand, the price of gold will rise according to the market.

2. Study for websites that update gold prices throughout the day.

It must be known that the gold trade association does not update the price of gold all the time. It only updates the morning and afternoon. Therefore, it is very risky to strain the price of gold. If you miss an hour, there are tens of thousands of losses or different values.

3. Gold is a volatile asset and good profit.

Gold is considered an asset used to invest during volatile markets that provide a better response than government bonds. For example, if you hold gold for 10-20 years, you have a 5-10% annual return. It is considered a lot.

4. Should buy gold bars rather than gold descriptions

Would like to suggest that bullion should be bought rather than processed gold, such as gold, because buying bullion will cost less compensation. Also, bullion is easier to preserve.

5. Gold bars are worth more, but they have disadvantages.

The lower the value of gold, the lower the reward, but the downside is that it is difficult to find a buyer because it cannot be sold. And most importantly, there is a high chance of fake gold, because fake gold is mainly produced in the form of bullion, so that it is worth more.

6. Gold cannot be sold at the same price all over the world.

Do you know that Thai gold is sold abroad, because our country's gold has a different standard from abroad, but it is not that it will not be sold abroad. There are also some sales abroad. Most of them are recommended to sell in China Town in that country because it is the easiest place to sell.

7. Study for new avenues of gold investment

We would like to introduce new investors. We can invest in digital gold. It is like buying and selling a gold delivery contract. It has a much cheaper fee than the gratuity and can make a profit both up and down. And most importantly, we can be sure that the gold we invest is definitely a million percent solid gold.

8. Understand first why Thai gold sells at a low price when sold abroad.

As I said in the previous statement, when Thai gold is sold abroad, it will be priced. That is because Thai gold is 96.5% pure, but foreign gold is 99.99%. But if anyone wants to sell gold abroad, it must be a brand certified by LBMA or the London Gold Trade Association.

9. Buy which store to sell that store

This is very important. It is recommended that when we buy gold from any store, it should be sold at that store. It will get a better price.

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