Golden Rabbit January 25 investment gold diary📓～Day eleven
[Preface👇 After the Golden Rabbit's divination on January 1 using Qimen Dunjia, bought in on January 4, total investment ICBC 200,000 + CCB N paper gold + N grams of physical gold from the bank
(Paper gold is used for investment profits, while physical gold is used for asset isolation + wealth inheritance)]
⏰ Market report:
Gold $XAU Current price 4986 USD/ounce;
Current price of silver is 102.99 USD/ounce.
The price has not shown a significant pullback after reaching a new high, and with the weekend holiday, the overall market is relatively stable.
Yesterday morning, the rabbit placed an order for physical gold at the Construction Bank, planned to continue buying in the afternoon, but found out that CCB had sold out of gold for the weekend, then went to ICBC to double buy physical gold.
Physical gold is different from paper gold. The primary function of physical gold is to provide the holder with a sense of security, happiness, and stability. It acts as asset isolation and family wealth inheritance in the economy.
Among them, asset isolation is especially important for the rich, particularly for those with cash assets exceeding 5 million.
If you can achieve family wealth inheritance, then you will definitely have a prosperous life. This means you won't lack money to use in this lifetime, and you won't have to sell it off.
Many people say, what's the use of buying physical gold? You won't sell it, and the money you can't spend isn't yours. Bunny completely disagrees.
There was a time when I thought about this too. Money has hidden value in addition to its explicit value. The explicit value is what you can take out and spend.
Hidden value is your confidence. Money can bring you a sense of security. When you have money and don't spend it, you can sleep as long as you want without pressure. When you're relaxed, everything you do is easier to succeed, and your body is less likely to get sick. When you're wealthy enough, you can also avoid many scams.
For example, when you have 5 million, would you still think about playing cards with someone who only has a few hundred thousand or a few ten thousand? Just like me, I basically don't play Mahjong anymore because I know that if it's a relative, I feel embarrassed to win their money. If it's not a relative, I'm just a dish in someone else's pot.
I've written articles about the Explosive Candy game, which I personally find very valuable. When children have nothing, they can play this game. When there are less than 50% of the candies on the table, they must stop, or they will lose what they already have. Especially when there are fewer candies on the table, they need to stop this game even more.
Therefore, money has a lot of hidden value. You can think for yourself about this. Is your state the same when you have a lot of savings as when you have no money or are in debt?
At least I've realized during this period that I will not spend more than 5% of my assets to buy luxury cars and brands. These things are prepared for the wealthy. When they buy these, it's as easy as me spending a few dozen yuan. If I do that, I will easily become poor because desires are endless, comparisons are endless, and after buying luxury cars, I will want other things. Comparing myself with the rich makes me feel like no matter how much I earn, it's not enough.
On the contrary, in my current state, consuming within my ability does not affect my savings, and I feel wealthy.
From a historical perspective, the price of gold has always reached new highs. So if you hold it, your heart will feel very stable. Look at Bunny, who is in his 30s this year. I started buying physical gold, and there are still many decades ahead. Looking back, today's price is still low because money will continue to depreciate.
On Douyin, I saw Xiao Sun from Nanjing asking his wife to pay off the 500,000 mortgage so he could buy gold. He has a strong intuition that gold will definitely rise, and I agree with Xiao Sun's viewpoint, but I still support his wife.
His wife came from a cave in Gansu and has endured a lot of hardship. She needs inner peace more than anything. Being in debt makes her feel like there's a big rock in her heart. Compromising mental exhaustion is a kind of hidden cost. How much of a rise in gold can ease her anxiety?
Xiao Sun can bear pressure, but his wife cannot. Moreover, the financial market carries risks.
Originally, I considered risking half of my money, but looking at my elderly parents above and young children below, I decided to use my personal savings to buy, trying to give my family a sense of security.
So, don't borrow money to invest. Your mindset and risk tolerance are completely different from ours. Sometimes, the opportunity to gain financial freedom often comes most easily and relaxedly. Such wealth is not easy to lose.
Forcibly acquiring wealth in an excited manner either goes quickly or harms the body. There are many opportunities in life, and the key is peace of mind. Even if you lose, it doesn't matter. As long as you can eat and sleep well without affecting your life, then go ahead and invest.
Good morning, have a nice weekend.
Warm reminder🔔: This article is just a personal diary on investing in gold, with no investment advice.
