Actually, when it comes to buying gold, if you believe that in the future we will return to a rate-cutting cycle, that future government debt will be hard to digest, that international situations will become more sensitive and diversified, and that geopolitical frictions will increase more and more—then if the price falls below 4100, that is actually a good opportunity to build your position in batches!#比特币冲击8.7万美元遇阻回落
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Just look at how sovereign states respond to their sense of crisis, and then consider how the current risk markets are being suppressed by macro factors—it’s not hard to understand.
Just look at how sovereign states respond to their sense of crisis, and then consider how the current risk markets are being suppressed by macro factors—it’s not hard to understand.
On September 30, South Korea disclosed the news that the Bank of Korea will restart physical gold purchases in December, the first time since 2013.
This is only a reported disclosure of the news. In fact, the Bank of Korea already decided in August to restore the channel for purchasing physical gold, and September 30 was merely the disclosure time + scale. Clearly, the South Korean government was not acting on a whim.
Actually, earlier this year in the second quarter, the Bank of Korea first bought $250 million worth of gold ETFs. Then in August it began planning to purchase physical gold. According to the plan, in December this year the Bank of Korea will buy about 1 ton of gold produced domestically, worth about 200 billion won.
On September 30, South Korea disclosed the news that the Bank of Korea will restart physical gold purchases in December, the first time since 2013.
This is only a reported disclosure of the news. In fact, the Bank of Korea already decided in August to restore the channel for purchasing physical gold, and September 30 was merely the disclosure time + scale. Clearly, the South Korean government was not acting on a whim.
Actually, earlier this year in the second quarter, the Bank of Korea first bought $250 million worth of gold ETFs. Then in August it began planning to purchase physical gold. According to the plan, in December this year the Bank of Korea will buy about 1 ton of gold produced domestically, worth about 200 billion won.