The market is changing, should I invest in gold rings or gold bars?

Many investors are wondering whether to buy gold rings or gold bars at this time.

After many consecutive days of increase, the price of gold rings, which used to be the "underdog", has repeatedly surpassed the price of gold bars. The reason is that the price of gold rings increases following the world price, while the price of gold bars remains stable due to the State's stabilization.

Expressing his opinion on investing in gold at the present time, Mr. Nguyen Quang Huy, CEO of the Faculty of Finance - Banking, Nguyen Trai University, said that depending on the risk appetite, each investor will choose to buy gold bars or gold rings.

" In the long term, the world gold price is still at the mid- and long-term peak of 2,400 USD/ounce. In terms of technical analysis, the domestic gold price will have a deep adjustment, so at this stage, investing in gold bars or gold rings is at the peak ," said Mr. Huy.

Mr. Huy analyzed specifically: the price of gold bars has been stable for a whole month now, so in the short term, investors will not be able to make a profit like in the previous period. Although in terms of quality and brand value, gold bars are always the number 1 choice, but at the present time, when the gap between domestic and world prices is increasingly narrowing, gold bars are no longer so attractive.

Meanwhile, gold rings have recently fluctuated greatly, continuously increasing and have surpassed gold bars. However, the growth of gold rings is only short-term when the supply is stabilized by the State Bank. In addition, gold rings have always followed the world price more closely than gold bars, so they can change according to world developments.

In addition, the current rise of gold rings may also be led by large speculators creating waves. However, gold rings have uneven quality, so liquidity is limited within a narrow range by suppliers, thereby exposing investors to many risks.

" I think small investors and people should be cautious when investing in gold rings at this time, to avoid being influenced by crowd psychology and making emotional buying and selling decisions ," said Mr. Huy.

Commenting on the developments of gold rings and gold bars in the coming time, Mr. Huy said that, basically, both types will closely follow the increase/decrease in world prices and the State Bank's supply and demand regulation policy.

In addition, the revision of Decree 24 domestically or the US Federal Reserve's (Fed) interest rate reduction policy and the increasingly fierce Russia-Ukraine war will also be factors that will cause gold prices to increase and possibly continue to remain at the record peak in recent times.

According to experts, gold bars and gold rings both have characteristics suitable for storage and investment. However, buying gold rings or gold bars must depend on each person's purpose. And both have their own advantages and disadvantages.

In terms of quality: gold bars are of better quality than gold rings. Because when mining and producing gold bars, there are fewer impurities mixed in. It is a solid piece of gold, with a pure gold content of 99.99%.

Regarding price: Gold bars are usually more expensive than gold rings, so the profit when selling is also higher. Meanwhile, gold rings have a lower price than gold bars but are closer to the world gold price, not subject to unusual differences like gold bars.

Regarding long-term storage: Gold bars are more stable and have higher prices, so they are suitable for long-term investment. Gold rings have investment and storage value, but are often chosen for short-term or "surfing" investment.

In terms of usage: Gold bars are often used for storage or as gifts. Gold rings can be used flexibly, both for storage 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