Will the price of gold fall as a result?
Personally, if the global gold mine output reaches a record high in the first half of the year, this situation will definitely lead to a decline in gold prices. Because things are rare, if the output is too large, it will also induce the depreciation of the value of goods. Even precious gold is the same, because the price of gold depends not only on the quantity, but also on how people buy it for analysis. For example, the supply of gold exceeds demand, and many people flock to it, which will naturally lead to the continuous decline of gold prices. However, if the demand for gold is not great, few people usually buy it, which may lead to the gradual stabilization of gold. But from the current point of view, the possibility of gold continuing to fall will still be great. However, the specific situation needs to be further analyzed according to relevant data. For example, gold has fallen for four months. If it reaches a stable downward state, it means that it has recovered or the price of gold is ready to rise.
Is it appropriate to buy gold now?
Although the price of gold has fallen for more than four months, we should continue to wait and see if it is the right time to buy. If you want to achieve the purpose of appreciation by collecting gold, this kind of gold does not refer to our ordinary jewelry, but mainly gold bars and plates. Because it is not cost-effective to collect gold ornaments, because it will increase labor costs and production costs during this period, which will greatly increase the value of gold itself. If there is no extra money, it is best not to choose to buy gold jewelry for collection and appreciation.