Silver and gold prices hit a record high!The price has risen to 8,150 yuan per dollar, and a 70-year-old man wants to sell it for tens of millions

2023-12-04 03:30:57

Gold surged alarmingly, and silver prices hit a new high this year. In Asian trading today (4th), spot gold once exceeded 2,100 US dollars. China’s silver prices also exceeded the high in August this year (NT$8,090 per dollar), rising The price reached NT$8,150 per coin, also a record high. Bankers revealed that a 70-year-old middle-aged man in Taipei retail industry held 8 or 9 kilograms of gold and planned to sell it for tens of millions.

Further reading:Gold breaks $2,000 per ounce!Gold prices in silver buildings see another wave of gold selling in retail stores with the number prefix 8

Silver and gold prices hit a record high! It rose to 8,150 yuan per dollar, and a 70-year-old man wanted to sell tens of millions of dollars. Picture/taken from Getty Images

The last wave of gold selling was when the domestic stock market soared to 18,619 points in August 2020, and the price of gold once exceeded the 7,000 yuan mark, and then reversed and fell. This year, with the war, the presidential election, and the market betting on the U.S. Federal Reserve in December, With interest rate hikes likely to be suspended and inflation remaining high, gold has become the best “safe haven” and there is an endless stream of people “selling gold” in stores.

Shi Wenxin, vice chairman of the Taipei Gold, Silver and Jewelry Association and chairman of Jinjiajia Jewelry, who has invested in gold for more than 40 years, revealed that there are many customers who have made single purchases and sales of more than one million in recent days, but there was one person who impressed him deeply, a customer in his 70s. A middle-aged retail man, 20 years old, has more than 20 years of gold investment experience. He collects some gold at a fixed period. When the gold price rises, he will come to ask how much he can sell it for. This time, just like in the past, he held 8 and 9 I came to the store for appraisal of a kilogram of gold and wanted to convert it into about 10 million Taiwan dollars.

Shi Wenxin reiterated that gold has many uses. Some people buy it for weddings, others give it as gifts, and even the older generation wants to buy it to pass it on to the next generation. If you don’t have gold on hand or even want to invest, gold is a target worth considering. It is also a suitable buying point now because it is a hedging tool. If interest rate hikes are suspended in December and inflation does not go down, the price of gold will continue to rise, and it is not ruled out that it will break through NT$9,000 per dollar.