Gold investing is the buying and selling of this precious metal to generate profits based on price fluctuations. Gold has long been seen as a safe way to accumulate wealth, even as a means of refuge during times of stock market volatility.
There are many ways to invest in gold, including buying real gold, investing in stocks of gold mining companies, or participating in gold ETFs. In particular, buying gold online is becoming a popular trend due to its convenience, speed, and safety, bringing optimal profits to long-term investors. Let's find out with HVA the factors that help invest in gold effectively through the article below.
Factors for effective gold investment in 2024
1. Analytical ability
To have better analytical ability, it is necessary to invest in knowledge of many aspects such as analyzing the political-economic situation, fluctuations in international reserve currencies and gold supply and demand. Analyzing fluctuations in international reserve currencies such as USD, often has an inverse relationship with gold prices, when USD increases, gold prices decrease and vice versa. At the same time, supply and demand also affect gold prices: when demand increases, gold prices increase and vice versa.
2. Set clear investment principles and goals
Instead of just investing in gold when you have spare money, diversifying your investment portfolio is the optimal way to minimize risks. Currently, there is a new investment trend through buying gold online, there are also many applications that help you buy real gold online in an extremely simple and safe way.
Application HanaGold has been pioneering this form of investment, through AI technology, the online gold purchase application on the HanaGold platform helps investors buy/sell gold right on the application. Gold assets are set up in the customer's investment asset list, from which they can easily control and track their investments.
3. Choose the right time to buy/sell gold
Gold is a safe and valuable long-term investment. The key is to choose the right time to buy and sell. When the price of gold is high, avoid buying and sell instead. Wait until the price of gold stabilizes and is lower before buying. Note that the longer you hold gold, the more it increases in value because the price of gold usually increases over time.
4. Choose a reputable place to buy gold
To ensure the accuracy and value of gold, gold purchases should only be made at certified reputable establishments. You should not choose based on cheap prices but pay attention to the reputation of the place of purchase and sale. This not only helps facilitate the exchange process but also minimizes the risk of depreciation when you want to resell. Among the reputable brands in Vietnam such as Bao Tin Minh Chau, SJC and PNJ. In particular, HanaGold The unit owns gold identification solutions in the jewelry industry.
Gold Identification is HanaGold's gold coin identification solution, anti-counterfeiting gold with 24k Kim Khong Tuoc gold coin products, integrating NFC technology to help customers identify assets, ensuring safety for the owner. Each gold coin has an NFC chip with a unique code (serial number), when customers scan the gold coin on the HanaGold application and activate identification, they can immediately check the owner's information, product information about origin, gold quality, activation history and gold certificate.
Saving gold at HanaGold is an easy form of investment, simple procedures, small minimum accumulation amount, attractive interest rates. This is definitely a form of saving and investing in gold that is truly suitable for gold investors.
Download the HanaGold app now to invest and accumulate Gold flexibly: https://hanagold.vn/mobile-app/
Conclude
The above are factors that help you participate in Gold investment effectively. Gold is a safe and potential long-term investment option, providing diversity in investment products for investors. With the ability to preserve value and be less affected by market fluctuations, gold continues to affirm its important role in many people's investment portfolios, while providing a stable opportunity for asset growth over time.
