Golden Rabbit January 27th investment gold diary📓～Day 13
[Preface👇
Rabbit 1 January 1st Qimen Dunjia divination gold, bought on January 4th, total investment ICBC 200,000 + CCB N paper gold + N grams of physical gold
(Paper gold is used for investment profits
Physical gold is used for asset isolation + wealth inheritance)
⏰ Market Report:
Gold $XAU current price 5048 USD/ounce;
Yesterday's high point 5110.25 USD/ounce, yesterday early morning several big bearish lines fell to 4989.15 USD/ounce, a pullback of 2.3% from the high point.
After this new high, the pullback is nearly 120 USD/ounce. If users are using leverage, they will endure huge fluctuations.
The current price of silver is 107 USD/ounce.
Yesterday's silver peak price was 117.693 USD/ounce, and the low price was 102.409 USD/ounce, nearly a 12.8% pullback from the peak. Compared to the 2.3% pullback of gold above, it can be seen that silver is much more volatile than gold. If leveraged, I can’t imagine how many people would face liquidation.
ICBC paper gold (RMB) is 1128 yuan/gram.
The rabbit arrived at the Industrial and Commercial Bank at 2 PM yesterday to handle business. I stubbornly finished at 5 PM because my ICBC e-payment has a monthly limit of 50,000, and I had basically used it all up.
Yesterday, I waited for my supervisor to come to work at 3 PM to sign and increase the limit. After much effort, I found out that it wasn't a limit issue at all. It wasn't until 4:30 PM that I discovered that exceeding 20,000 required a U shield. After getting the U shield, it turned out to be faulty, which delayed me for another 2 hours when I got home.
But the advantage is that I didn't have to buy at a high point yesterday, because yesterday afternoon my face was very red at the bank. I knew that if I made an investment at that time, I would definitely incur losses.
My face is red, there’s fire in my body, my head is a Qian hexagram, belonging to metal, I need to stay calm. An impulse leads to fire, and fire overcomes metal, which is definitely unfavorable for my financial luck.
Everyone can use this. If you make an investment decision and your face turns red, you need to be very cautious. Normally, this is not a good trade.
You can take a nap and wait until the next day to make a decision to calm yourself down.
Silver viewpoint👇
On January 13, the rabbit saw an incomprehensible interview video of Musk lasting 173 minutes written by a teacher, where the teacher summarized the third point, and the rabbit took a screenshot as shown below.
I saw this section, and I think copper and silver are very valuable.
That day, I went to study silver, but I found that the bank did not have paper silver trading. I asked at ICBC yesterday, and there were no physical silver bars. I consulted Doubao and Grok. The only thing I could do was buy ETFs, but Guotou Ruijin ETFs can only be bought for 100 yuan a day, which troubled me a lot. I downloaded several apps, but none worked properly.
Last weekend, I decided to buy silver with determination, but I became anxious and found that I couldn't sleep. So, this silver investment is temporarily not suitable for me. I will buy it when one day my mindset is better and it’s more convenient to enter, and continue to increase my holdings in gold.
I couldn't buy silver, so I invested in copper. The only way to profit from copper is to buy stocks. I bought Zijin Mining because its name sounds good, and I chose it over Jiangxi Copper and Zijin Mining.
Back to the beginning, has silver peaked?
This morning, while browsing information, I found some people analyzing that silver had peaked. Personally, I think AI will be needed in the future, and there is definitely more room for growth, but this is just my personal opinion.
Here’s something interesting about investment.
The rabbit found that leading stocks rarely trap people. For example, many people initially bought gold, enjoyed the sweetness of gold, then found silver to be even better, so they invested in silver. When silver rose significantly, they feared the risk and jumped to copper, and then they kept jumping until suddenly they got caught by a small non-ferrous metal or other financial product.
How did this script come about?
Because I entered cryptocurrency in 2016, I started like this: buying Bitcoin, making money, then starting to buy Ethereum, and then various altcoins. Now I feel disheartened and have vowed not to touch these altcoins again, especially to have faith in them, as they completely do not align with investment principles.
MEME Coin, I initially bought SHIB, then made a little money which was not bad. Later, PEPE exploded, I bought it too and made money. After that, I moved to Sol, BSC, etc., and kept losing money, losing all the money I had previously made.
The later it gets, the more intense the competition among users will be, and the shorter the cycles will be. Everyone is speculating, and once the leading stocks pull back, the smaller varieties will almost inevitably face a crash and cannot rebound.
In the end, I realized that the leading stocks were already out of reach.
This is one of the reasons why I invest in physical gold in addition to buying paper gold.
Paper gold is hard to hold onto, speculative, and fluctuating, but physical gold can help me hold onto it continuously. Besides hedging and asset inheritance, it can also achieve true value investment.
Is this precious metal market trend as the rabbit expected?
Warm reminder🔔: This article is just a personal investment diary on gold, with no investment advice.
