the chinese dont care, they like to wear their wealth, its more tradition and HK spot premiums are small maybe 50-100bps spreads ....you only get ripped off in the west.
Yup, exactly my thought. Gold as investment never goes wrong. Jewellery as investment... serves little purpose. Sure you can wear it, just serve no little to no purpose
same here, buying home today is out of reach, not only it is more expensive, but it is also not liquid, when you need money fast, you can't sell the house easily, buying gold is a good hedge against inflation, when you accumulate enough, you can sell it easily to buy house later
But its also not good option in pakistan when we buy then its expensive and when we sell its cheap no matter what we say at the end the shop keper says he is not trading and this is same story with all so no matter how much Gold appreciate we are always at loss what you say about this?
@@ingenuity1394 Of course the seller will need some margin of profit, you can't expect them to have the same sell and buy price, and of course gold is not for short term investment, I would say you need to keep at least 3 to 5 years horizon before thinking of selling it. We need to wait until the value appreciate more. the different with house is that gold can be sold easily anytime you want to sell, while you need to wait for sometime before your house can find buyer, in some cases you may need to wait for years.
the feds have increased the money supply by 40% last 4 years and their balance sheet by 2000% the last 10 years...gold is up 30%. gold is a store of wealth not a inflation hedge.
Gold jewelry isn't as pure as gold coins. Gold coins are 999.99 pure gold and are backed by the government.... US, UK...Australia, Canada, China...... an ounce of UK gold currency is way more valuable than an ounce of random gold jewelry.
In certain Asian countries like China it actually is pure. They can go from 999.9 to 999.99. British gold coins traditionally went up to only 22k because 24k gold isn't a typical find in the UK for geological reasons. It was only recently changed to 24k to conform to international standards. British gold panners should be able to confirm that. Having said that I agree that jewellery is definitely not an investment (unless we're talking about big heritage pieces/high jewellery). They're still very nice to look at though.
Right until 2009. You know there's Bitcoin right? You can literally being around anywhere in the world, ultra liquid, never gonna increase supply, never gonna be seized, never gonna be robbed. Hardest is the the one who's supply is not expanding like fiat and gold.
I love to watch this kind of video, bcause it really bring me to see the different perspective of people. But, as non native english speaker, i was hoping the Subtitle/CC of the video was available the whole video
Is easy because housing price to high to reach …. Even if they have big salary is still very expensive not yet u have ask finance to the bank… is very common now in every developed country even if there GBP is high is still not enough to buy housing unless u buy outside city or u have gold spoon parents to help u buy it…. So this average new generation already loose hope in housing, so they spend their income on others either branded stuff , gold , investment or car
Gold cannot make you rich. Its a form of safeguard for countries with depreciating currencies. Its decent for ppl not willing to invest in higher risk assets such as US stocks. Its not good for cash flow.
Chinese 🇨🇳 property sector, which accounts for 30% of GDP, is crashing. - Exports and imports, accounting for 37% GDP, are down. - Foreign investment is falling over 90% compared to its peak in 2018. - Foreign visitors are down 96% compared to the pre-pandemic level in 2019. - Consumer prices are experiencing deflation. - Youth unemployment hits over 21%, a record. - Its fast-shrinking workforce is 10 years older than neighboring countries. *Still, China keeps reporting outrageous GDP numbers.* Lol Where does the growth come from?
I'm hoping to end the rat race by 60, I’m 52, $600K net worth. Money is a liability, not an asset. You have to exchange it for assets that represent real value. Real estate - properties for rent. Stocks (dividends). Bonds (interest), funds, REITs (interest) So, what is it with Gold?
Gold is a great investment and a good bet against the devaluating dollar, been holding some for awhile now, I’m grateful my adviser’s moment by moment changes in the market are lightening quick, cos who know how much losses I would’ve had by now
In China, strangely parents bear the burden of purchasing a dwelling place for their kids getting married. Working adults must purchase own property rather than using up parent’s retirement funds.
When time becomes really bad, will you be able to use gold to buy food? Farmland is the better choice, you can still grow food. When presented with food and gold, which one will you choose when food is scarce?
@@zizi1005 You said it yourself if bad time come. Buying a sense of security is expensive. One should balance between risk and reward therefore it make sense to simply rent and invest the rest in stock for better return. Not to mentioned small hold farm are inherently resource inefficient without scale and specialisation. DIY is not the way to go.
@@yewjunhao3615 I grow majority of my vegetables and fruits. I would rather have land than have gold as that is more secured. In terms of your concern about inefficient, I don't see me growing vegetables inefficient.
@@zizi1005 I don't dictate how you spend your money. However, if you are serious about resource efficiency, you would calculate even the energy and fertiliser used for that vegetables. Whether vegetables you grow can fetch a price higher than your investment(input). If not, it is a net loss. Your investment is down the drain and you are better off buying vegetable off the shelves.
PAP failed to reimagine a new post-COVID world where we are in good position to leverage on remote working with workers across the world without bringing them in while creating valuable jobs for Singaporeans.
This generation is doom to fail They're in for the trends not looking for long-term goals😂 Im still in my early 30s and those living in 20s mostly are fun to be around but only blabbering nonsense
Moron, in ancient china Chinese people used gold ingot as a payment. So they will succeed coz gold prices will go up. China will return the used of gold in due time. While you western troll will depend on the falling debt ridden dollar
@@TomNook. A backup to what exactly? Money? The problem with gold is you can't really break it apart without a lot of effort. So you pretty much would be bartering it? Also, it would probably be the one of the first things taken by the government if there ever was a major crisis. Usa government even did it. Then you would have the credibility problem of fake gold being everywhere. That is a problem now in non-crisis times. Again I don't get the appeal. If you're looking for a storage of value, there's a lot better options.
Buying gold and buying gold jewelries are very different things. With jewelries, prepare to pay a massive premium on the craftsmanship.
yeah, buy gold bars instead of jewelries.
Pppo ok😊😊
the chinese dont care, they like to wear their wealth, its more tradition and HK spot premiums are small maybe 50-100bps spreads ....you only get ripped off in the west.
But!! You can wear your jewelry anywhere. You may have to report your gold coins at the airport. I see a purpose to own gold jewelry
Yup, exactly my thought.
Gold as investment never goes wrong.
Jewellery as investment... serves little purpose.
Sure you can wear it, just serve no little to no purpose
same here, buying home today is out of reach, not only it is more expensive, but it is also not liquid, when you need money fast, you can't sell the house easily, buying gold is a good hedge against inflation, when you accumulate enough, you can sell it easily to buy house later
But its also not good option in pakistan when we buy then its expensive and when we sell its cheap no matter what we say at the end the shop keper says he is not trading and this is same story with all so no matter how much Gold appreciate we are always at loss what you say about this?
@@ingenuity1394you should try buy gold bar with international certificate. It way better than common gold.
@@ingenuity1394
Of course the seller will need some margin of profit, you can't expect them to have the same sell and buy price, and of course gold is not for short term investment, I would say you need to keep at least 3 to 5 years horizon before thinking of selling it. We need to wait until the value appreciate more.
the different with house is that gold can be sold easily anytime you want to sell, while you need to wait for sometime before your house can find buyer, in some cases you may need to wait for years.
Home buying will never be affordable as long as property owners only want prices to keep rising.
the feds have increased the money supply by 40% last 4 years and their balance sheet by 2000% the last 10 years...gold is up 30%. gold is a store of wealth not a inflation hedge.
Gold jewelry isn't as pure as gold coins. Gold coins are 999.99 pure gold and are backed by the government.... US, UK...Australia, Canada, China...... an ounce of UK gold currency is way more valuable than an ounce of random gold jewelry.
Gold jewellery in HK and China are mostly 999 gold so it's the same purity but there is a premium on jewellery due to craftsmanship
Dnt compare chinese jewelry to western ones, chinese ones are 24k western one at tops is 18k even the indian ones are only 22k
In certain Asian countries like China it actually is pure. They can go from 999.9 to 999.99. British gold coins traditionally went up to only 22k because 24k gold isn't a typical find in the UK for geological reasons. It was only recently changed to 24k to conform to international standards. British gold panners should be able to confirm that.
Having said that I agree that jewellery is definitely not an investment (unless we're talking about big heritage pieces/high jewellery). They're still very nice to look at though.
Designed gold is expensive, when time to sell is less value compared to Licenses Gold Bar.
Gold is no.1 hard asset
Right until 2009. You know there's Bitcoin right? You can literally being around anywhere in the world, ultra liquid, never gonna increase supply, never gonna be seized, never gonna be robbed.
Hardest is the the one who's supply is not expanding like fiat and gold.
Buy gold bullion….not jewellery.
Why? So it can be blocked on airport security? Be robbed? Be seized?
Just buy Bitcoin
I buy used gold jewelry under spot 😅. I preferred buying jewelry.
Gold jewelry=portability. If you dont report gold coins at the airport, they can be confiscated like if you had a large amout of cash.
I love to watch this kind of video, bcause it really bring me to see the different perspective of people. But, as non native english speaker, i was hoping the Subtitle/CC of the video was available the whole video
Is easy because housing price to high to reach …. Even if they have big salary is still very expensive not yet u have ask finance to the bank… is very common now in every developed country even if there GBP is high is still not enough to buy housing unless u buy outside city or u have gold spoon parents to help u buy it…. So this average new generation already loose hope in housing, so they spend their income on others either branded stuff , gold , investment or car
How downturns in economy can change peoples behavior..its simply surreal.. they are like their grandmas gold buying style in 90s
Gold cannot make you rich. Its a form of safeguard for countries with depreciating currencies. Its decent for ppl not willing to invest in higher risk assets such as US stocks. Its not good for cash flow.
Perhaps gold will be everyone's favorite for time to come.
come on, to invest in gold is to buy either bullions or proof-coins, not this kind of questionable jewellery pieces
totally agree. if you pawn it you wont get anywhere near the price you paid for.
I'd recommend cast bars or nuggets for gold investment.
If you live in a high property crime area or become homeless, buying gold is a bad idea because you have to store it in a very secure place.
When A股 and 房地產 is a scam, you turn to Gold.
Chinese 🇨🇳 property sector, which accounts for 30% of GDP, is crashing.
- Exports and imports, accounting for 37% GDP, are down.
- Foreign investment is falling over 90% compared to its peak in 2018.
- Foreign visitors are down 96% compared to the pre-pandemic level in 2019.
- Consumer prices are experiencing deflation.
- Youth unemployment hits over 21%, a record.
- Its fast-shrinking workforce is 10 years older than neighboring countries.
*Still, China keeps reporting outrageous GDP numbers.* Lol
Where does the growth come from?
Which is why China's GDP grew "only" 5%. Duh. Meanwhile USA: 2.5%.
Why not stock market or bond or index fund? Time and time again owning business is the best strategy not unproductive asset.
I'm Malaysian and I also saving gold bean every month. Long term investment😅
I'm hoping to end the rat race by 60, I’m 52, $600K net worth. Money is a liability, not an asset. You have to exchange it for assets that represent real value. Real estate - properties for rent. Stocks (dividends). Bonds (interest), funds, REITs (interest) So, what is it with Gold?
Rent, dividend and interest…. they are money. Like you said, money is a liability. So invest liability to receive more liability?
i personally think trade XAUUSD is better than buying physical gold.
Gold is a great investment and a good bet against the devaluating dollar, been holding some for awhile now, I’m grateful my adviser’s moment by moment changes in the market are lightening quick, cos who know how much losses I would’ve had by now
In China, strangely parents bear the burden of purchasing a dwelling place for their kids getting married. Working adults must purchase own property rather than using up parent’s retirement funds.
Gold ingot was ancient chinese currency. So there's no wrong for chinese to return to gold coz gold ingot will return
powerful.. glory to the people's democratic republic of the united states of China..
Buying home for housing is like buying farmland for crop. Highly resource inefficient.
When time becomes really bad, will you be able to use gold to buy food? Farmland is the better choice, you can still grow food. When presented with food and gold, which one will you choose when food is scarce?
@@zizi1005 You said it yourself if bad time come. Buying a sense of security is expensive. One should balance between risk and reward therefore it make sense to simply rent and invest the rest in stock for better return. Not to mentioned small hold farm are inherently resource inefficient without scale and specialisation. DIY is not the way to go.
@@yewjunhao3615 I grow majority of my vegetables and fruits. I would rather have land than have gold as that is more secured. In terms of your concern about inefficient, I don't see me growing vegetables inefficient.
@@zizi1005 I don't dictate how you spend your money. However, if you are serious about resource efficiency, you would calculate even the energy and fertiliser used for that vegetables. Whether vegetables you grow can fetch a price higher than your investment(input). If not, it is a net loss. Your investment is down the drain and you are better off buying vegetable off the shelves.
PAP failed to reimagine a new post-COVID world where we are in good position to leverage on remote working with workers across the world without bringing them in while creating valuable jobs for Singaporeans.
Under-rated comment!
Smart ones dca Bitcoin
You will own nothing and you will be happy!
Buy this type of jewelllery can sell to who? I thought buy gold bar or bullions is the right way
Thats why i buy bitcoins🎉
Taiwan is in a worse condition. Properties in Taiwan are a lot more expensive!
If everyone bought gold, then who would be able to afford gold?
This generation is doom to fail
They're in for the trends not looking for long-term goals😂
Im still in my early 30s and those living in 20s mostly are fun to be around but only blabbering nonsense
Moron, in ancient china Chinese people used gold ingot as a payment. So they will succeed coz gold prices will go up. China will return the used of gold in due time. While you western troll will depend on the falling debt ridden dollar
Smart
When young Chinese start buying gold to save, they signal that they don't trust the country's future or its economy.
No. I am from Singapore and I am intending to buy gold too. Gold is a hedge. Not that you would understand. You're a bot.
I am a Canadian and am also buying gold.
lastChang, you never speak to anyone. Only make poorly backed up statements. Are you lonely?
@@TomNook. Living in his m0m's basement sure is lonely!
Run the numbers, nothing come close to BTC.
buying jewelry is very bad idea for investment..rekt
Grifting the family business and family contacts...
Good 👍😂😂😂 very very good 👍
Who cares!
most of these are fake just fyi
I loved gold
Haha ha krama 😂
Gold is such a waste of money.
Never understood the appeal.
its a backup
@@TomNook. A backup to what exactly? Money? The problem with gold is you can't really break it apart without a lot of effort.
So you pretty much would be bartering it?
Also, it would probably be the one of the first things taken by the government if there ever was a major crisis. Usa government even did it. Then you would have the credibility problem of fake gold being everywhere. That is a problem now in non-crisis times.
Again I don't get the appeal. If you're looking for a storage of value, there's a lot better options.
Ok CCP, please 🥺 pump ⛽ up the gold 🥇 price. I'm still waiting for my gold 🥇 investment to break 💔 even 😏😏😏😏😔
Gold silver and platinum all up this week......
@@profenew9640 still not high enough 🫡
same here in America
五十步笑百步... ...