Experts advise: Do not buy gold jewelry as investment

Spring Festival approaching, the streets, peopleRooster 1981 gold stamp affixed to the"
hurrying, the shopping atmosphere is more active.upgraded product, priced at a few hundred dollars
Recently visited shopping malls in Guangzhou, themore (the highest reached more than 1000 yuan),
major shopping malls in addition to clothing foundopening hours will be sold in dozens. Grandview
in the counter, food counter the flow of peoplePlaza, more than 10 brand stores other gold
gathered outside the largest gold jewelry countersjewelry sales a boost up. According to
are lively than in previous years. Many goldshopkeepers, said almost two days before the 1
jewelry store owner, said this year will sell goldmonth sales of total sales. Jewelry does not have
jewelry in particular, especially commemorativeinvestment value has been learned by the recent
jewelry more attractive buy. In this regard, theinternational and domestic market, gold price of
parties to remind consumers of gold jewelryraw materials has dropped slightly, Guangdong
souvenirs, gold bullion and gold jewelry, etc. haveProvince, gold jewelry around the mall prices
their own characteristics, not all have been aireddeclined slightly. Gold Association of Guangdong
with gold investment value. Significant increase inProvince, according to the message, Guangzhou
sales of all kinds of gold itemsgold and silver(brand stores) retail jewelry prices up 153 yuan
jewelry, Guangdong Chamber of Commerce Chenper gram, gold jewelry will not be estimated
Wei steel analysis, as the recent bullishbefore Chinese New Year rally, but the price of
international gold prices, the domestic gold marketbrand stores larger floating space, it is possible
has become increasingly open, various types ofwith into the international gold price trend, continue
gold bars, gold bullion market one after another,to adjust retail prices. However, according to
with the former Bank also announced that fourChen Wei steel analysis, on the weekend, the
days have been approved by the CBRC will setinternational price of gold in the 428 to 430 U.S.
up at the counter the gold business, at present,dollars stop, this week estimated that the dollar
gold investment philosophy in China has beenwill rise, and is therefore contrary to the U.S. dollar
firmly established. Therefore, in the Spring Festivalgold price, will be back. Short term support at the
approaching, the trend to buy gold or jewelryprice of gold is 424 U.S. dollars, resistance should
were gradually. It was learned early in December,be between 428-430 U.S. dollars. Wei Gang Chen
New Year Year of the Rooster gold bars inalso emphasized that although the current high
Guangzhou peruse the clothing, then a wave ofdemand of domestic gold market, but will still
buying boom. At that time, the gold treasurefollow the international market price vary.
from Guangdong Investment Limited Guangdong,Therefore, he reminded the prime collectors and
exclusive of the 85 kg gold bars Rooster Newinvestors should pay attention to changes in the
Year by East 100, Canton 100 other stores oninternational market, time to adjust trading
the market, it announced a few days sold out.strategies. For those New Year to buy gold
Recently, Tianhe, Guangzhou Grandview Malljewelry, jewelry should dress up as the image of
opened. As the first distributor of Dongguanthe individual or New Year gift for friends and
Golden Dragon Gold Exchange jewelry companygifts, can not be compared with the investment.
member with the qualifications and the industrySimply put, gold jewelry does not have
with leading edge position, introduced the "Goldeninvestment value.