Chapter 1685 Gold Bars

(The workload has suddenly increased in the past few days, and the number of words has not been updated enough, (.??_??.)??I’m sorry~)

Why did Carson's expression change drastically after hearing Yang Cheng say that he wanted to save gold bars? If he only saved a few dozen gold bars, he would not have any opinion at all, and would instead help to advise which bank's gold bars are more suitable to buy, but it can be seen that Yang Cheng's posture does not have a few thousand gold bars, which can't satisfy his appetite at all.

For an excellent British butler, investment and financial management is one of the skills they must master, not to mention a butler like Carson who has been carefully trained by the royal family. The assessment of investment and financial management is always excellent. From a certain point of view, in the subdivision of how to ensure the stable appreciation of assets, Carson's ability exceeds that of most financial company managers on the financial street.

Therefore, he is well aware of the disadvantages of storing physical gold. Of course, there are still many advantages in storing a small amount.

It is also one of his responsibilities to remind the owner to manage money in a more reasonable way, "Master, do you think now is a good time to buy gold?"

Yang Cheng pointed to the gold price trend chart on the computer screen, "Look, there are still at least two months of decline, but I estimate that by the end of the year, the price of gold will reach the bottom, so you have to control your time and strive for the lowest price. The period to complete the transaction, the next two years will be the harvest period!"

Carson persuaded, "Paper gold and account gold are also fine, why insist on physical gold?"

Indeed, from the perspective of financial management, physical gold is much more expensive than trading gold such as account precious metals and gold Td. After all, it also involves a series of fees such as taxes, transportation fees, management fees, etc., so Some people also say that as an investment or asset allocation, it is enough to buy account gold, and even more extreme, they even say that physical gold is useless.

But existence is reasonable. Nowadays, many people still buy physical precious metals in banks. Not only do they buy them, but they also buy more and more holdings every year, because from the perspective of long-term investment and asset allocation, buying physical gold is definitely the most valuable. The best investment method, especially when you have confirmed that the price depression appears.

Yang Cheng smiled, "Carson, you are a professional in investment and financial management, you should know the benefits of investing in physical gold~"

Carson does not deny this, "I know, first of all, in the allocation of household assets, the role of gold requires long-term investment to play a good role. There is a general saying that gold is the insurance of assets, and 5-10% of household assets should be allocated gold."

What is asset insurance, that is, when an extremely major risk event occurs, all your assets may be annihilated, and the remaining gold will be all your assets. The insurance effect of gold on assets is very important for the inheritance of wealth. Importantly, this is especially evident in the perfect capitalist world.

As the saying goes, there are only three generations to be rich, and three generations need at least a hundred years. How long is a century? Anything can happen, not to mention houses and stocks. It is very likely that a random earthquake will turn you from a winner in life to a cancer in society, and no matter how strong a certain currency is now, it will take 100 years to pass. Can it still be strong?

We must know that the U.S. dollar and the pound sterling also claimed to be the strongest currencies back then. Now, look at the crazy printing of new money, the inflation rate remains high, and they are still licking their faces and calling for strength? But gold has an anti-inflation effect. Of course, this effect is not obvious in the short term, but in the long run, this anti-inflation property exists.

In 1972, the Bretton Woods system collapsed and began to float freely. The price of gold went from $35 to the current $1330. Simply pressing the calculator provided an annualized rate of return of 8.3% for nearly 45 years, which is slightly lower than the average inflation level. Surplus, what it means is self-evident, right?

But again, the short-term volatility of gold is relatively large. If you want to speculate in the short term, buying physical gold is a waste. The profits you may earn are not enough to pay your taxes, let alone play gold’s anti-inflation and asset insurance effect.

Carson added, "Secondly, buying physical gold can play a role in the long-term allocation of gold. I believe that the master also took a fancy to this feature before deciding to buy physical gold?"

Yang Cheng nodded in affirmation, and Carson took advantage of the situation, "But now with the safety factor of paper gold, the same effect as physical gold can be achieved."

Regarding this point, Yang Cheng stood up, shook his shoulders and smiled, "Carson, you forgot one thing, yes, it is true that according to what you said, paper gold has a sufficient safety factor, but long-term investment must be considered thought fluctuations."

Carson didn't turn the corner, his face blank.

Yang Cheng leaned on the table with his hands in his pockets, like a university lecturer, "Think about it, what will be the biggest obstacle to a successful long-term investment? Is it wrong to judge the trend? Obviously not, it is necessary to judge the gold price in a year. Whether it will rise or fall, none of us can guarantee it, but what about 20 years later? 100 years later? The answer is obvious. As long as the earth does not explode, it will definitely rise.

No matter what financial product, as long as human beings are progressing and the economy is developing, its long-term trend must be rising. As long as it lasts long enough, the probability of being wrong is very low. Such judgments have no technical content at all, and basic common sense is enough. "

Carson nodded instinctively to express approval, and Yang Cheng spread his hands, "Since judgment is not the biggest obstacle, what is the biggest obstacle? Just like Apple's stock, I believe many people bought it when it was first listed. But why are only a very small number of people able to enjoy today's dividends? Because many people have sold halfway, and can't stand the bumps in the middle!

Therefore, the biggest obstacle to long-term investment success is not judging the market, nor not participating in it, but the word long-term itself. On the contrary, especially in a long-term investment process, we will experience various tests of greed and fear, but if we get a batch of gold and leave it at home, as long as we ensure that it will not be lost, then the value of physical gold will reflect Out.

We don't think about selling it every second, because it's too much trouble!

Just let it stay in the warehouse, and take it out when we really need it, and you will find out how great the decision is today! "

In the end, Yang Cheng stood up straight and said bluntly, "Moreover, the cost of making a mistake in buying gold is the lowest. Collecting antique calligraphy and paintings is a very professional job. It is difficult for us to succeed alone. Once we buy a fake one, we will lose a lot, but There’s no room for error with gold, just make sure the bars are high enough.”

After listening to Yang Cheng's words, Carson took a deep breath, "Master, you are much more professional than me~"

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