Recently, a topic has been circling in my mind for a long time—can we buy gold now?

Honestly, seeing the gold price surge from over $4,000 at the beginning of the year to this high of $5,200, many people are asking the same question. But I want to tell you, the answer to this question isn’t actually about the price itself, but about how you view this world.

This wave of gold price increase has far exceeded the traditional concept of “hedging buying.” Look, central banks around the world are fiercely buying gold, the US is playing tariff games, the Japanese bond market is turbulent, and European fiscal spending is continuously expanding. All these signals point to the same thing—monetary discipline is loosening. When central banks are quietly using gold to diversify risks and establish financial autonomy, we retail investors are actually following the footsteps of “smart money.”

Can you buy gold now? I ask you in return: do you still believe in the current monetary system? Do you think central banks around the world can perfectly balance inflation and debt? If your answer has any hesitation, then gold should have a place in your investment portfolio.

The charm of gold is no longer just about preserving value and fighting inflation. Interest rates are decreasing, significantly lowering the cost of holding gold. Cash kept in banks may have negative real yields, which instead acts as a kind of “strategic liability.” In this environment, gold’s independence from any asset price movements has become the most scarce trait in an investment portfolio.

When it comes to investing in gold, there are actually many options. If your capital is limited and you want long-term value preservation, gold savings accounts or gold ETFs are good entry choices—low cost and simple to operate. If you want to capture market swings more flexibly, you might consider tools like gold CFDs, which support two-way trading, leverage flexibility, and have low barriers—especially suitable for traders who want to operate both long and short. Of course, physical gold and gold futures are also options, but they tend to have higher thresholds for beginners.

My advice is this: first observe a few core variables— the trend of the US dollar index, the direction of real interest rates, and the temperature of geopolitical tensions. These will determine whether gold is entering an upward cycle. Then, based on your capital size and risk tolerance, choose the appropriate tools. Small investors can start with gold savings accounts, those with trading experience can try CFDs, and those aiming for long-term allocation might consider allocating 5%-15% of their total assets to physical gold bars or large gold ETFs.

Regarding the question of whether you can buy gold now, I think the most important thing isn’t timing, but awareness. Gold is no longer just about “fear” investing, but about “choice” investing. What you choose to believe in determines the position of gold in your wealth map. History tells us that gold probably has about a 10-year bull market cycle, and this wave of price increase might just be beginning. Instead of obsessing over high or low prices, it’s better to first establish your own logic for holding, and then persistently execute it.