God of Wealth Day is coming, what kind of gold should I buy?

Many people who want to buy gold for luck on God of Wealth day often wonder whether they should choose gold bars or plain round gold rings to get the highest benefit?

Answering this question, expert Tran Duy Phuong analyzed: SJC gold bars are known for their high liquidity and can be bought and sold anywhere, including banks. However, recently, buying SJC gold bars has encountered many difficulties. Customers reported having to register in advance and only being able to buy in small quantities.

If consumers want to buy immediately, they often have to accept buying on the free market at a price significantly higher than the listed price, sometimes up to a million VND/tael. Meanwhile, gold bars of other brands are not national gold, so consumers who want to sell will have to sell to the right address to avoid losses.

In the context of SJC gold bars being scarce and expensive, expert Tran Duy Phuong said that blister-pressed gold is a suitable choice because this product brings many practical benefits.

The first is the ease of buying and selling. Reputable gold brands today often buy back gold in blister packs that they produce themselves without having to go through the melting and re-inspection process. This makes it convenient for buyers, especially when trading branded gold in blister packs. Consumers can easily buy gold in one location and sell it in another location within the same brand system.

In addition, the price of gold in blister packs often fluctuates closely with the world gold price, making it easy for investors to manage and close profits in a timely manner. Meanwhile, the price of SJC gold often lags behind the fluctuations of the world gold price due to being stabilized by the State Bank.

The current gold blister market is also very diverse in design and volume, meeting the needs of many customers.

Among the types of gold pressed in blister packs, Mr. Phuong recommends choosing plain round gold rings pressed in blister packs instead of other types such as God of Wealth coins, zodiac coins or elaborately crafted types.

Experts recommend that round gold rings in blister packs are the type of gold you should buy on God of Wealth day.

" Gold pressed in blisters with special shapes is often charged an additional jewelry processing fee, ranging from 100,000 to 500,000 VND depending on the establishment. However, when reselling, the purchasing establishments will not charge this fee, which means that consumers are at a disadvantage. Plain round gold rings do not incur processing fees, so buyers will not incur this fee when investing in plain round gold rings pressed in blisters ," Mr. Phuong explained.

Agreeing with the above viewpoint, economic expert, Associate Professor, Dr. Dinh Trong Thinh recommends that buyers should choose gold rings because the price is close to the world gold price and lower than SJC gold. This helps minimize risks when gold prices fluctuate strongly, especially when buyers often hold gold until the end of the year.

On God of Wealth day, gold rings are often priced high due to their popularity, but the difference between buying and selling prices is smaller than gold bars, which benefits customers.

Regarding the issue of how much gold to buy, Mr. Thinh said that how much gold to buy depends on the economic conditions of each family. The important thing is to buy the right product with guaranteed quality so that when selling, there is no loss.

Bao Tin Minh Chau representative also recommends that customers should pay attention to choosing the right type of gold, convenient for later sale so that it will not lose value.

On every occasion of the God of Wealth's day, there are many gold products on the market with diverse designs such as gold bars, rings, bracelets, God of Wealth statues... At Bao Tin Minh Chau, the most popular products are 6 versions of the Thang Long Gold Dragon plain round rings that meet all needs, preferences and finances: 0.5 chi, 1 chi, 2 chi, 3 chi, 5 chi, 10 chi. In addition, the trend in recent years is that people also buy more types of jewelry made of Thang Long Gold Dragon, in addition to storing, to beautify themselves at the beginning of the year.

For gold art (gold-plated products), Bao Tin Minh Chau gold experts advise that customers can choose to buy products according to feng shui that suits their age and destiny. However, this product has a major disadvantage that it will have no value when resold. Because many stores do not buy back gold-plated art products. Therefore, customers need to consider carefully when choosing to buy, because each product of this type costs from several million to tens of millions of dong.

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