The central bank has been continuously adding to its gold holdings for 20 months


When gold fell to 3,950 in June, the central bank continued to add 480k troy ounces—going long on gold isn’t just you fighting
Since I started keeping small-time notes, I only knew about gold at over 200 per gram. Back then, I didn’t have the ability or the money. My parents’ understanding also wasn’t enough. They made money, bought a house instead of gold, and in the end got trapped
After growing up, my impression was that gold was over 500 per gram. During that period, spaced about 4–6 years apart, gold went from 200 to 500—up 2–3 times. Unfortunately, at that time I was working outside doing screws for a living, and I didn’t have much money. The main reason was that I thought the price had already risen so much—if I bought in, it would surely fall, and I’d end up losing—so I gave up
The last time I had an impression of gold was at the end of last year, when the price rose to over 1,000 per gram—that is, 5,500 per troy ounce. Now the price is already close to being cut in half. If you don’t arrange ahead of time, are you going to wait until the price rises to 6,000 per troy ounce—2,000 per gram—when everywhere is advertising the get-rich fantasy of holding gold, and then enter the market?
When investing, don’t just look at what’s in front of you. Only by becoming a long-term investor can you achieve the goal of crossing class boundaries; otherwise, you’ll always be a nobody, spending your whole life aimlessly accomplishing nothing
GLDX-1.02%
PAXG-0.67%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned