Quietly happy rich
None was better than expected by many investors (investors), gold prices rose sharply turned back shortly after China unexpectedly change the policy, currency devaluation yuan (RMB) in 3 sessions before.
From about 32.7 to 32.9 million / tael on Friday (09/08/2015), domestic SJC gold price surged to noon on 13/8 and the price of this precious metal commodities has up to 35 million / tael (sold), equivalent to an increase of almost 10% in a very short time.
The dollar sold at banks, while the rise, at about 21800-21850 VND / USD last week to nearly 22 106 ceiling VND / USD in session on 14/8. On the free market, the price even went up to nearly 22,300 VND / USD.
Do Anh Tuan - the owner of a shop in Hoang Mai - said, after selling more than 50% of the gold held in mid-July, he still holds a large amount of gold. Prices rebounded led him back to the truth steadfastly hold gold, its capital
Gold prices surged unexpectedly turned back.
"The world today is constantly fluctuating, could not anticipate. Therefore, I still retain the gold is not sold dropped significantly during the past few months. Gold and dollar (USD) are still the safe option in the current times, "Tuan said.
Ms. Hong, an accountant of a veterinary enterprises abroad, said in mid-July, she intends to sell 5 plants hoard gold but by mercy gut with 15 million loss should ultimately did not sell out. And now, gold prices rebounded strongly she felt very happy that his decision.
Mr Tuan, Ms. Hong, gold sales are still standing in their thoughts when the price moves up and down sharply. Ms. Hong hoard of gold from working the amount earned as many months last year. Meanwhile, pose for the business person, he must calculate for their capital.
But for many people, they do not have to worry about counting losses as prices rise and fall over. Many wealthy is not interested in USD indented or carry tens of price, or gold up and down five to seven hundred thousand dong / tael.
Mr. Thanh, a giant North working in the oil and gas sector in Vung Tau share, much as much money not know what investment, buy dollars and gold to you. But when word count several large investment than flirtatious.
' Truth ' of the rich
Looking back to the history of gold and dollar volatility can see , generally two particular commodities tend to rise if the property remains in the long term. Gold price at $ 35 million / current output has decreased from a peak of 49 million / tael higher than in late 2011 , but about 3.5 times higher than 10 years ago . Taking in a long time so, rates calculated each year from 20-25 % , much higher than the banks , but the risk is not large .
The day fluctuations in gold price and USD in recent days have demonstrated the truth of holding gold, dollars always true of some people.
10 years ago, the dollar cost about 15,800 dong. Compared with the current level of 22,250 dong, the increase was approximately 40%. That excludes interest if deposited in banks. Since the beginning of the year, USD has increased by 3% according to the central bank and on the regulation of the free market may have risen to 3.5%. Last year, the USD has increased by 2% against the dollar.
The figure above shows the fact, many wealthy Vietnamese could obtain no small profits even without calculating, much business investment. They just buy gold and dollars to it, just as the reserve has stable profitability.
Shock gold prices in recent years led many to waver. But for some really rich people, this is still a safe investment channel for the long term. The day fluctuations in gold price and the dollar in recent days, following a surprise decision dumping of Chinese renminbi, has again proved the truth of holding gold, dollars always true of some people.
In fact, sentiment like gold, have since ancient capital, as an occasional purchase some gold just to put safes. Recently, the growing affluence of a few people who continue to promote the trend of this type of storage assets, especially in the context of world instability. But according to the words of experts Vo Tri Thanh (Institute for research and central management) is: the world now is "uncertainty".
According to Thanh, one of five featured basic business world is now moving very fast pace because it is not sustainable, risk and shocks occur frequently. The word which he loves now is "uncertainty".
Saving and hoarding generally good. However, if these resources that build skills, not flow in a certain way in the economy to invest in the development, or flow abroad, is a pity.
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