If you mention the most value-preserving commodity to deal with inflation , perhaps most people will think of gold. It is undeniable that gold has been of relatively high value from ancient times to the present, and it is also a real hard currency. Especially for the Chinese people, gold has some special plots in addition to its most basic value preservation function. For example, in the customs of traditional Chinese culture, gold has the significance of exorcising evil and avoiding disasters. When a child is born at home, the elders will also create a gold lock for the child.
In the past two years, due to the secondary impact of the epidemic, the global economy has been facing downward, social prices have been rising, but people's income has decreased. This situation has made more and more people realize the importance of financial management, and out of trust in the gold preservation function, people will also spend part of their money to buy gold.
People's original intention of buying gold is definitely to hope that gold can maintain value or even appreciate in the context of inflation. However, the reality may not be satisfactory.
For example, according to a netizen, he spent 1 million to buy gold bars for storage, but according to the current gold market price, the value of the gold bar has risen to 1.5 million. However, when he took the gold bars to the bank to exchange, he was rejected. When he took the money to the gold store for sale, the other party only gave a price of 500,000. So why is there such a big gap?
It is undeniable that since the beginning of 2022, the prices of various commodities have been showing a rising trend, and the prices of gold have also been valued. However, in the gold market, its price cannot be absolutely maintained. In recent times, gold prices in many regions have been falling. It is understandable that some people want to take the gold in their hands when they see this trend. In this process, banks and gold stores are undoubtedly the targets of gold exchange.
Netizens purchased 1 million gold bars in 2018. With the relative rise in gold prices, the investment made by netizens is undoubtedly very successful and can make at least 500,000 yuan. However, in terms of actual situation, banks do not want to charge these gold bars, and the gold shop only gave a price of 900,000, which is equivalent to the value of gold being shrinking. So what is the reason why banks refuse to accept this batch of gold? Why do gold shops keep lowering prices when recycling gold?
First of all, from the perspective of banks, banks do recycle gold, but they do not recycle gold unconditionally. Generally speaking, when banks recycle gold, they attach great importance to the original place of sale of this batch of gold. That is to say, if it is not the gold sold by their own bank, the bank may not be willing to recycle it. The main reason why
is that each bank has different regulations on gold content, and no one can guarantee that the gold sold in other places is fidelity. Therefore, in order to avoid this situation, banks simply refuse to accept gold.
Not only that, for banks, when recycling gold, banks need to conduct relevant identification of these gold before they can be recycled, but this identification fee is paid by the buyer of the gold himself. However, gold buyers are generally unwilling to pay this fee, and banks naturally cannot be the ones who take the cost as suckers, so they may reject the willingness of gold buyers to sell gold.
More importantly, in the process of recycling gold products, banks will not recycle collectible gold bars. This type of collectible gold bar may be similar to commemorative coins, which are gold bars issued at a certain special stage, but banks generally do not recycle such gold bars. Moreover, if gold buyers want to exchange gold at the bank, they also need to issue relevant vouchers. If the gold buyers do not have these necessary documents, the bank will not recycle the gold.
Secondly, from the perspective of gold shop.On the one hand, gold shops need to bear a lot of costs during operation, such as labor costs, water and electricity costs, etc., and these costs are actually paid by consumers in the end, so gold shops cannot recycle gold at excessive costs. Instead, they reduce the cost of recycling gold by lowering the price, thereby increasing their own profits.
On the other hand, the main business of gold shop may be the sale of gold jewelry. When gold buyers want to sell gold bars to gold shops, the gold shop also needs to spend a certain amount of labor and manufacturing costs to turn this batch of gold bars into gold jewelry and sell them again.
In this process, the cost is calculated on the consumer's head. There will also be certain losses during the polishing of gold, and these losses are also borne by consumers. In this way, when the gold shop recycles gold bars, the recycling price given will be relatively low.
In addition, there is a certain lag between the international gold price and the domestic gold price. In other words, when the international gold price rises, the gold price accepted by domestic gold stores may not be consistent with the fluctuations of international gold price in a short period of time.
Generally speaking, after an international gold price rises for one month, domestic gold stores may receive news of gold rising, thereby increasing the recovery cost of gold prices. It is precisely because of this lag that gold shops cannot recover gold bars according to the international gold price standards to a certain extent.
Conclusion:
Overall, the value preservation attribute of gold is indeed undeniable, and it is also a friendly object for people to invest and deal with inflation in modern society. However, when people buy gold, they must purchase through formal channels and keep relevant notes so that they can be more smooth when selling gold again.
