Someone cashed out 450000! But netizens say... buy a house and get gold as a gift? Owners are gradually "shipping" owners | gold | netizens
"I was originally worried that I wouldn't even get the gold bars, but I didn't expect to receive them and sell them for a good price. Lucky luck!" Hangzhou Lin'an 80s homeowner Xiao Hui was still excited about this matter. Last week, he sold 1000 grams of gold bars as a gift for buying a house, realizing 452000 yuan. "As soon as I was happy, I spent 100 yuan to buy 5 lottery tickets to celebrate."
When selling gold bars, they need to be cut open for inspection, and respondents provide pictures
Recently, many homeowners like Xiaohui who buy houses and give gold as gifts in Lin'an have been selling gold one after another. A gold recycling shop owner in Hangzhou has received over 20 kilograms of gold within a month and revealed that many homeowners have benefited from the recent surge in gold prices, with gold bars sold at high prices.
![Someone cashed out 450000! But netizens say... buy a house and get gold as a gift? Owners are gradually "shipping" owners | gold | netizens](https://a5qu.com/upload/images/f7d594aad63c33423f270fb0e19f329f.jpg)
Since July, precious metals at home and abroad have ended the trend of second quarter correction, showing a volatile rebound trend. Especially in mid to late July, the overall performance of domestic precious metals was stronger than that of foreign markets, showing a significant upward trend. For example, on July 20th, the main price of Shanghai gold futures broke through the 462 yuan/gram mark, setting a new historical high since its listing.
Will gold prices continue to fluctuate and rise in August? How should ordinary citizens make decisions about buying and selling gold?
The gold given away from buying a house is gradually being sold
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Received over 20 kilograms of gold in a month
"For the first time in his life, he received 1000 grams of gold bars, which were shiny and crispy." Xiaohui told reporters that he had previously bought a 119 square meter house in a Lin'an real estate project, and the developer had promised to buy a house and give gold as a gift. Starting from the end of June, homeowners gradually received notices that they could receive gold bars.
Xiaohui revealed, "Many of them have been sold for cash, just like our family. The money earned from the gold bars has been discussed with my wife, and we will spend 200000 yuan to buy a new car. The remaining 200000 yuan will be used to pay off the mortgage."
![Someone cashed out 450000! But netizens say... buy a house and get gold as a gift? Owners are gradually "shipping" owners | gold | netizens](https://a5qu.com/upload/images/287fb35b736f649065de5d63d245e2e5.jpg)
It is precisely Xiaohui, a customer who buys houses and gives gold bars in Lin'an, that has made the business of some gold recycling stores in Hangzhou even more shining. On July 25th, 2100 grams of gold were recovered; On July 24th, 2 kilograms of gold were stored in the warehouse late at night; On July 22nd, 2 kilograms of gold bars were stored in the warehouse... In just past July, the owner of a gold recycling store in Hangzhou, Axing, posted updates on the status of recycling heavy gold on his social media. "These gold bars were all sold by customers who bought houses in Lin'an and gave gold as gifts, at least 20 or more," Axing told reporters that in July, he received a total of more than 20 kilograms of gold.
Respondents provide pictures
A few days ago, Feng Ge, another gold recycling owner in Hangzhou, also braved a high temperature of 35 degrees and ran to the vicinity of the Qingshan Lake Scenic Area in Lin'an, where he collected 2700 grams of gold that three customers had given away when buying a house. "They bought a house with 89 square meters and gave 700 grams of gold; they bought a house with 119 square meters and gave 1000 grams of gold bars. They were all happy to cash it out to customers on the spot," Feng Ge told reporters. This trip to Lin'an collected 2700 grams of gold and gave customers a total of more than 1.2 million yuan.
![Someone cashed out 450000! But netizens say... buy a house and get gold as a gift? Owners are gradually "shipping" owners | gold | netizens](https://a5qu.com/upload/images/18bd22fc5b936b7a9d512b3ef65eccbe.jpg)
It is interesting that there has been a significant upward trend in the domestic gold price recently, and these homeowners who bought houses to give away gold happened to be lucky enough to receive the high dividend of gold when they sold gold in July.
"The batch of customers who sold in July are really lucky. The gold recovery price is relatively high, ranging from 440 yuan to 450 yuan per gram. The best seller at that time was 457000 yuan for 1000 grams, which is the highest gold recovery rate this year!" Axing told reporters that by the end of July, the number of customers who should sell was almost the same. Some customers are still holding on and want to wait for a higher price to sell.
Investment clients accurately sell 2 kilograms of gold bars at high positions
![Someone cashed out 450000! But netizens say... buy a house and get gold as a gift? Owners are gradually "shipping" owners | gold | netizens](https://a5qu.com/upload/images/968562d44ab6d9ccb3037cf0ba74cf07.jpg)
A single investment earned over 80000 yuan
At the high point of domestic gold prices in July, some people took the initiative to gain considerable profits.
Mr. Guo, an investor from Hangzhou, is one of them. In early January of this year, Mr. Guo bought 2000 grams of gold in one fell swoop, all of which were bought in banks. The 2000 grams were divided into 20 small gold bars of 100 grams.
![Someone cashed out 450000! But netizens say... buy a house and get gold as a gift? Owners are gradually "shipping" owners | gold | netizens](https://a5qu.com/upload/images/08064d3a04c0ca0d80c2d31aaed3d51a.jpg)
Respondents provide pictures
"I am an investor, and I estimated that gold would continue to rise, so I allocated a bit. Looking back now, I bought less." Mr. Guo told reporters that after buying, the price of gold fluctuated and rose as he had predicted. In March and April, gold experienced another sharp rise, and by May, the international gold price had reached a new high. Many friends around me who invested in gold were eager to cash out, but Mr. Guo still held onto it.
Respondents provide pictures
![Someone cashed out 450000! But netizens say... buy a house and get gold as a gift? Owners are gradually "shipping" owners | gold | netizens](https://a5qu.com/upload/images/70772be44e7e44578f9e995c76ce07cb.jpg)
Until July 19th, Mr. Guo made a precise move at a high level and sold this batch of gold at a price of 460 yuan per gram. Within six months, he earned a net profit of over 80000 yuan.
"It happened to be selling at a high point, but the price dropped slightly in the next few days. Maybe I'm lucky," Mr. Guo said humbly.
Ms. Shen from Binjiang, Hangzhou, also claims to be lucky. "Fortunately, I sold my phone three months late and earned a lot of money for nothing!" Ms. Shen revealed that before this year's Spring Festival, she used her year-end bonus to buy several brand gold nuggets and bars, totaling 310 grams - this was her first time investing in gold.
![Someone cashed out 450000! But netizens say... buy a house and get gold as a gift? Owners are gradually "shipping" owners | gold | netizens](https://a5qu.com/upload/images/b12c327b13f2d6e0da30c602ca52850a.jpg)
Respondents provide pictures
Ms. Shen had originally planned to monetize the gold price during the April surge. "Later on, I thought about it and realized that if I sold it, there wouldn't be any urgent need for the money. Let's just keep it." Last week, when she saw the gold recovery price rise and slightly fall, Ms. Shen couldn't help but sell it. The total amount of gold realized was nearly 140000 yuan, "at least 6000 yuan more than selling it in April! However, the first time I invested in gold was so slippery, don't be misled by me. I was purely lucky."
What will the price of gold look like next?
![Someone cashed out 450000! But netizens say... buy a house and get gold as a gift? Owners are gradually "shipping" owners | gold | netizens](https://a5qu.com/upload/images/77769fa1c90b07ee209e8b746defa4bc.jpg)
Industry insiders: Try not to sell gold unless you need urgent money
The high price of gold brings joy and sorrow to some.
"The price of gold has increased significantly compared to the beginning of the year, and the cost of getting married is much higher!" sighed a young man who came to see the three pieces of wedding gold at a gold counter in Hangzhou yesterday. On that day, the price of gold from multiple brands was over 590 yuan per gram, just one step away from 600 yuan.
![Someone cashed out 450000! But netizens say... buy a house and get gold as a gift? Owners are gradually "shipping" owners | gold | netizens](https://a5qu.com/upload/images/6c3953a35dff289c117509e1388deda0.jpg)
Reporter Wu Enhui/Photo
Since late July, domestic gold prices have once again skyrocketed, repeating a scene from early March. The price of physical gold for domestic gold jewelry once exceeded 600 yuan/gram, and the recycling price also reached a new high of 462 yuan/gram for the year.
Gold price trend chart of a certain brand
![Someone cashed out 450000! But netizens say... buy a house and get gold as a gift? Owners are gradually "shipping" owners | gold | netizens](https://a5qu.com/upload/images/ceddf93d4e1285280176207b114c5a26.jpg)
What will the gold price do next? How should citizens make decisions on buying and selling gold?
A senior manager of the international department of a state-owned bank in Zhejiang Province said in an interview with reporters, "In the first half of the year, the international gold price has risen by 5.4%. In China, I have also noticed a wave of 'gold fever' this year against the backdrop of continuous decline in deposit interest rates and volatility in the capital market. In the medium to long term, I am optimistic about the trend of gold, and therefore support citizens to consider gold as one of the asset allocations for households to resist risks. It is recommended that everyone hold it for the long term. Within the economic capacity, if gold prices continue to decline in the near future, they can choose to buy at an appropriate time."
"I continue to be optimistic about the upward potential of precious metals in the future, especially in the medium to long term. As the Federal Reserve's monetary policy shifts from a rate hike cycle to a rate cut cycle, the US dollar index will decline, and gold and silver will rise in the future," said a researcher at a futures company in Hangzhou.
![Someone cashed out 450000! But netizens say... buy a house and get gold as a gift? Owners are gradually "shipping" owners | gold | netizens](https://a5qu.com/upload/images/8c66e3cea0cd0cb7ca66e4355382e919.jpg)
Hu Ziwen, Executive Vice President and Secretary General of the Zhejiang Jewelry and Jade Industry Association, said in an interview with Chao News, "Overall, I believe that it is acceptable for citizens to buy gold, whether based on consumption or asset preservation. However, if it is not urgent to use money, try not to sell gold. If citizens want to buy gold as a financial allocation, it is recommended to consult professionals."
Axing, the owner of a gold recycling store that is closer to the forefront of the market, believes that "gold has risen and fallen. If you want to sell gold, I think it's a good choice for everyone to keep their bags safe. The price is also very good now. If you have faith in gold, it's not a problem to continue buying when it falls." Axing also told reporters that a relative of his bought more than 500000 yuan of gold bars in early February this year when the gold price was relatively low, but has not sold them yet, and even wants to buy some during a pullback.
Netizen comments
![Someone cashed out 450000! But netizens say... buy a house and get gold as a gift? Owners are gradually "shipping" owners | gold | netizens](https://a5qu.com/upload/images/4c3e7a5630e23e7a1040553fd3214944.jpg)
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