Gold, without any positive catalysts, hits a new high again. Gold Rabbit's Gold Investment Diary, January 23rd 📓 ~ Day 8 Foreword 👇 After using Qimen Dunjia divination for gold on January 1st, Rabbit bought gold on January 4th, accumulating an investment of 200,000 RMB in ICBC + XW paper gold in CCB + 15 grams of ICBC physical gold. (Paper gold is used for investment profits; physical gold is used for asset protection and wealth inheritance.) This morning, Rabbit immediately checked the gold price trend on Binance. Since Rabbit mentioned last night that gold would hit a new high, the trend has been very strong. At 8 AM this morning, the screenshot shows it had already reached around $4960/ounce, and ICBC paper gold has also reached 1109 RMB/gram, and is still hitting new highs. This new high is not clearly driven by political events. Rabbit's feeling is that no matter what you invest in, if it is heavily influenced by a single factor, then its trend is not independent enough and cannot be considered a trend. Comparing the exchange rates of Moutai and gold, in 2021, Moutai was priced at 3840 yuan per bottle, while gold was 369 yuan per gram. One bottle of Moutai could be exchanged for 10 grams of gold. Now, however, one gram of gold (excluding jewelry gold) still cannot buy a bottle of Moutai. Therefore, I (the author) don't look at the price increase of gold. If you look at past price increases, you simply won't buy it. My standard of reference is its comparison with commodity prices. 100 years ago, two large gold bars, approximately 625 grams, could be exchanged for a small courtyard house in Beijing. This seems exaggerated and extreme because there was frequent war at that time, and housing prices depreciated significantly. However, in some regions, this trend is currently evident. Even if it's not enough to buy a house now, the value of gold is still undervalued. The leader I met during my hiking trip said that in the future, gold will not be affordable for ordinary people. I should save up as much as I can while I can afford it. A friendly reminder: when buying gold for asset allocation, I recommend buying bank gold bars. Jewelry gold bars have prohibitively high processing costs, making them uneconomical. Once you've bought it, ensure its security. Don't let relatives know; many gold thefts are likely due to insider theft. Yesterday I asked how to properly store gold. I think the best approach is to store it in various locations. You can store fake gold in a safe, but you'll need to figure out a way to store real gold. Remember to buy anti-magnetic bags. I don't know if they'll actually work 😂, but the cost of trial and error is low, so it's worth trying. Today I plan to use yesterday's salary from Elon Musk to buy 5 grams of gold. This gold price surge has made newlyweds big winners. Most weddings include three gold pieces, and now a set can be worth over 100,000 yuan. When I got married, I was in debt and couldn't afford to buy any. Later, when I had more money, I bought my mother-in-law a gold bracelet and a gold necklace. She didn't accept the gold necklace. Around that time, there was a bit of conflict between me and my mother-in-law. Although I genuinely wanted to give it as a gift, it was returned several times. I felt that giving gifts should be a happy thing; if my mother-in-law saw it, it might remind her of unpleasant things, so I let it go. Now I'm reluctant to give it away, and I won't anymore. I need to have some gold for myself, to have more confidence. From this experience, I also realized that you must love and satisfy yourself first before you can satisfy others; otherwise, you'll live a very conflicted life. Enriching your heart leads to a richer life. Gold can also improve one's fortune; it's shiny and can be worn, bringing both safety and good luck. I wonder when gold will reach $5000/ounce. #XAU

That's professional!!

I feel there should be resistance around 5000, but after a pullback, it should go up again. Either Trump's actions trigger risk aversion, or the Fed's easing policies lead to some inflation in the dollar.