Should I 'put money' into buying gold at the present time?

The domestic gold market fluctuated violently when the price of SJC exceeded 100 million VND/tael, reaching a historical peak and then plummeting sharply at the end of the week. Gold prices fluctuate according to the world market and are facing a series of challenges such as inflation, monetary policy, and geopolitical instability.

In the context of a risky market, gold continues to assert its role as a safe haven, attracting the attention of many investors. The question "should we 'put money' into buying gold at the present time?" is becoming a hot topic, attracting public attention.

To provide readers with a multi-dimensional view of this issue, reporters of the Industry and Trade Newspaper have compiled opinions from leading domestic and international experts. Hopefully, this information will be an important basis for investors to make informed decisions, in accordance with their financial situation and investment goals.

Caution is still the rule

Leading financial experts in Vietnam share the same opinion about the role of gold as a safe haven, but at the same time emphasize caution in investment decisions at the present time.

Dr. Nguyen Tri Hieu, a finance and banking expert, believes that there will be no gold price "collapse" to 90 million VND/tael. " The gold price is in the process of accumulation and consolidation, with growth prospects if economic risks continue to persist. The world gold price could reach 3,100 USD/ounce. This development will directly impact the gold price in Vietnam. Therefore, it will be very difficult for the gold price to "collapse" like a few years ago," said Mr. Hieu.

Experts advise against borrowing money to buy gold because the price of gold can reverse unexpectedly, causing huge losses. Photo: PC

Agreeing with the above view, expert Ngo Tri Long also said that gold is considered a safe investment during times of inflation or economic fluctuations, has increased by more than 15% since the beginning of the year and recorded an increase of about 37% since March last year.

"This increase reflects the combination of falling interest rates and a strategic shift in capital flows to gold-based assets. The price of this precious metal could reach $3,200/ounce between now and the end of the year," Mr. Long predicted.

Although they believe that gold prices will continue to increase in the coming time, both experts advise investors to absolutely not borrow money to buy gold because gold prices can reverse unexpectedly, causing huge losses. The proportion of gold in the ideal investment portfolio should only be at 10 - 20%, avoiding the situation of betting entirely on this precious metal.

In addition, Mr. Nguyen Anh Dung - a personal financial planning expert at FIDT Investment Consulting and Asset Management Joint Stock Company - said: " Recently, the world's political situation and the macro economy are still very complicated, so people continue to buy gold as a reserve asset. Thus, the instability of the world market has supported the price of gold, turning gold into a safe haven asset during volatile times. This means that when the world situation is more stable, the price of gold will also reverse and not be stable," said Mr. Dung.

Therefore, Mr. Dung believes that investors should allocate financial resources, only spending less than 10% to a maximum of 15% to invest in gold. Instead, they should choose other investment channels to have stable profits.

On the other hand, in the 2025 gold price outlook report published late last year, the Vietnam Gold Trading Association (VGTA) assessed that the precious metal still has the potential to increase if central banks' demand is stronger than expected or the financial situation worsens, increasing the need for shelter. However, the increase in 2025 may be slower than last year, the challenge being that interest rates will decrease more slowly than expected.

Forecast Regarding the gold price movement in 2025, Mr. Huynh Trung Khanh - Vice President of VGTA - said that this is still an attractive investment channel, but the room for increase is not as large as last year. The supporting factors have been partly reflected in the record increase of the precious metal in 2024.

Don't put all your eggs in one basket.

International analysts also have mixed views on the outlook for gold prices.

Mr. Shaokai Fan, Director of Asia-Pacific (excluding China) and Director of Global Central Banks at the World Gold Council, believes that in the coming time, gold can play a role in many investment portfolios as a way to hedge risks in the context of instability and improve asset diversification.

"In today's uncertain global environment, the World Gold Council believes all investors should consider the value that gold can add to their portfolios," he said.

Gold is a globally traded asset, and its price is determined by events and economic forces around the world. Mr. Shaokai Fan noted: "Vietnamese investors should carefully study the factors that affect gold prices and evaluate which type of gold-related financial instrument is most suitable for them."

Previously, an analysis report from the "giant" Goldman Sachs showed optimism about the potential for gold to increase in the long term. The bank raised its forecast for world gold prices by the end of this year to $3,100 an ounce, up from the previous $2,890. The bank said that "high demand from central banks will help the precious metal increase by 9% by the end of the year. Gold ETFs also increased purchases when interest rates decreased".

“This will offset the downside from investors adjusting positions as uncertainty eases,” Goldman Sachs said. However, if policy uncertainty remains high, especially concerns about US import tariffs, the bank said gold could rise to $3,300 on speculation.

From the multi-dimensional analysis of leading experts, it can be seen that gold still maintains its position as a valuable asset in the context of many economic fluctuations. However, the decision to "spend money" to buy gold at the present time should not be an emotional action but should be based on careful consideration of factors such as investment goals, personal financial situation...

The gold market always has both opportunities and risks. Investors should equip themselves with solid knowledge, consult reputable experts, build an appropriate investment strategy and their own financial goals. Diversifying the investment portfolio is still a wise principle to minimize risks and optimize profits in the long term.

Ngoc Hung

Source: https://congthuong.vn/co-nen-xuong-tien-mua-vang-thoi-diem-hien-tai-khong-380000.html