The first victims of rising gold prices have appeared

They are those who are preparing to get married and have to buy gold

My friend is preparing to get married during the New Year. He is not the extravagant type, has an ordinary salary, and is quite down-to-earth.

The plan is simple: buy some gold, go through the process, and seek peace of mind. This year, gold prices have been rising steadily.

He started monitoring the market daily, not to buy at the lowest point, but to pray that it wouldn’t rise any further.

Yesterday he sent me a message with a particularly gloomy remark: “I realize I am not getting married; I am completing a financial sacrifice for the whole family.”

You may not understand gold, but you cannot ignore human nature.

Try telling your family: “The gold price is too high, can we buy less jewelry?”

So whether gold rises or not has nothing to do with whether you want to buy; you only have to pick up the bill.

Many people simply attribute this round of rising gold prices to inflation, geopolitical conflicts, and the dollar cycle.

These are certainly valid points, but what concerns me more is: why are ordinary people so passive?

Keynes said: “In the long run, the market is rational, but in the short run, it is filled with panic.”

Panic has become the norm. You dare not invest recklessly, dare not start a business, dare not be unemployed, dare not get sick, and dare not have children.

In the end, there is only one “must complete” thing left — getting married.

Thus, all the risks concentrate and explode at this point. $xau