After several consecutive days of increases, the price of gold rings, which were previously considered "lower-priced," has repeatedly surpassed the price of gold bars. This is because the price of gold rings has risen in line with world prices, while the price of gold bars has remained stable due to government price stabilization measures.
Regarding the current investment in gold, Mr. Nguyen Quang Huy, CEO of the Finance and Banking Department at Nguyen Trai University, stated that investors will choose to buy gold bars or gold rings depending on their risk tolerance.
" In the long term, the world gold price is still at its medium-to-long-term peak of $2,400 per ounce. From a technical analysis perspective, the domestic gold price will undergo a deep correction, so investing in gold bars or gold rings at this stage is at its peak ," Mr. Huy said.
Mr. Huy analyzed in detail: the price of gold bars has remained stagnant for a whole month, so in the short term, investors will not be able to speculate and make profits as they did before. Although gold bars are always the number one choice in terms of quality and brand value, at the present time, with the difference between domestic and international prices narrowing, gold bars are no longer as attractive.
Meanwhile, gold rings have recently experienced significant fluctuations, continuously rising and surpassing gold bars. However, this growth in gold rings is only short-term, as long as the supply is stabilized by the State Bank. Furthermore, gold rings have historically tracked world prices more closely than gold bars, so their prices can change according to global developments.
Furthermore, the current surge in gold ring prices may also be driven by large speculators creating price fluctuations. However, gold rings have inconsistent quality, limiting liquidity within a narrow range dictated by suppliers, thus putting investors at significant risk.
" I believe that small-scale investors and the general public should be cautious when investing in gold rings at this time, avoiding being influenced by herd mentality that leads to emotional buying and selling decisions ," Mr. Huy said.
Regarding the future trends of gold rings and gold bars, Mr. Huy believes that, fundamentally, both types will closely follow the upward/downward movements of world prices and the supply and demand regulation policies of the State Bank of Vietnam.
In addition, the amendment of Decree 24 domestically, the US Federal Reserve's interest rate cut policy, and the increasingly fierce Russia-Ukraine conflict will also be factors causing gold prices to rise and potentially remain at record highs in recent times.
According to experts, both gold bars and gold rings possess characteristics suitable for saving and investment. However, the choice between buying gold rings or gold bars should depend on individual purposes. And both have their own advantages and disadvantages.
In terms of quality: gold bars are of better quality than gold rings. This is because during mining and production, gold bars are less likely to be mixed with impurities. They are solid pieces of gold with a pure gold content of 99.99%.
Regarding price: Gold bars are generally more expensive than gold rings, resulting in higher profits when sold. Meanwhile, gold rings are cheaper than gold bars but more closely track world gold prices, avoiding the erratic price fluctuations often seen with gold bars.
Regarding long-term investment: Gold bars are more stable and have a higher price, making them suitable for long-term investment. Gold rings have investment and storage value, but are usually chosen for short-term or speculative investments.
Regarding intended use: Gold bars are typically used for investment or as gifts. Gold rings, on the other hand, offer more versatility, serving both as a store of value and as jewelry.
VN (according to VTC News)Source: https://baohaiduong.vn/thi-truong-doi-chieu-nen-dau-tu-vang-nhan-hay-vang-mieng-387275.html
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