Oil prices rise, gold prices plummet.
If you have 100,000 or 200,000 in cash, don't think that now is the best time to buy gold. If you have 120,000 or 200,000, just think about making your money work for you. It must be your hard-earned savings from working. Take my advice and put it in the bank; never underestimate the interest from banks. $币安人生
This wave of gold price plummeting is the largest single-week drop in 43 years, directly breaking through multiple support levels. Many people entered the market with the mindset of bottom fishing, only to lose one-tenth of their principal in just a few days. The hard-earned money vanished in the blink of an eye. $BTC
Rising oil prices push up inflation expectations, and the Federal Reserve's strong stance against interest rate cuts causes the dollar to strengthen. Non-yielding gold loses its appeal, and funds are fleeing crazily; the logic of safe-haven assets is completely failing, and the market is behaving irrationally.
The market is full of bloody examples. Some bought accumulated gold at 1,200 yuan/gram at high prices and directly lost 140,000 in their accounts. Ordinary families bet tens of thousands on gold, suffering paper losses of over 10,000 in just ten days, equivalent to working an entire year for nothing.
Don't believe in the low-price bargains mentioned by bloggers; current gold prices still have room to decline. Ordinary people lack information advantages and cannot understand macro data; blindly entering the market will only make you the one holding the bag when institutions dump.
The 100,000 or 200,000 in your hand is the result of overtime work and frugality, not chips to gamble on the market. Market fluctuations can make you lose several months' salary in a day, which is simply unbearable.
Currently, bank deposits are safe and stable, with state-owned banks offering a three-year interest rate of 1.55% and local banks around 2%. Depositing 200,000 for three years can safely earn nearly 12,000 in interest, without fear and worry.
Many people look down on this little interest, always dreaming of getting rich overnight. But the reality is that stable returns are the moat for ordinary people; in a volatile market, not losing principal is the most practical way to make money.
The old saying that buying gold in troubled times has completely failed this year. The more tense the geopolitical conflicts are, the more gold prices drop. This logic is no longer suitable for ordinary investors, and blindly trusting traditional experiences will only lead to significant losses.
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