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Gold is not suitable for ordinary people to invest at all, and there must be a reason why Warren Buffett would rather have a lot of cash in his hands than allocate even a little gold. If you look at the gold price trend in the past ten years, it is only 234.8/g in 15 years, and the highest in 25 years has broken 800. Hey, you've already fallen into the first big pit of investing in gold. The bid-ask price goes to the brand store to buy gold jewelry, the market price is 780, and all kinds of gold stores sell it directly to you to 1020, and when you want to sell it back, its recycling price will be 20 yuan less than the market. This one in and one out, 260 yuan per gram of gold is gone. Note that there is also a manual fee, the manual fee of the brand store is usually about 50~300 yuan, not a total, but per gram. Let's calculate it at 150, that is to say, each gram of gold in the brand store will earn you 410 more than the market price, how many years do you have to wait for this money to rise back to your capital?

Let's talk about why Warren Buffett doesn't invest in gold, in fact, the core reason is that the income of gold is too simple. We make other investments, whether it is stocks or real estate, in addition to buying and selling, there will also be income in the process of holding them. Dividends, rent, these are right. But it's a zero-sum game, and your profit depends entirely on someone willing to pay a higher price to take over. So, how do you know there are such good Samaritans? When I see central banks buying it, I buy it too, and I can always drink some soup with it. First of all, it is undeniable that the central bank's purchase of gold will indeed lead to a rise in gold prices, but the difficulty in investment is never when to get on the bus, but how to get off the car on time. Let's not talk about maximizing profits, just talking about not being trapped, how many people who sell houses or even take out loans to get on the car can do it? At this time, the operation of the central bank has no reference significance, because the purpose of the central bank to buy gold is completely different from yours, people are not to make money, for them, a very important reason for the reserve of gold is the stability of the monetary system.