The preface.
yesterday morning,
A large number of Australians poured into CBD,
at the store door,
In order to buy this...
#01：
Sydney CBD team
It's all about it.
Yesterday, Australians flocked to the CBD and lined up in long queues!
These two days, the international gold price has reached a historic moment. Soars to $4000 (approximately AU$6340) per ounce.
The thunderstorm spread directly to Australia, triggering a thunderstorm of "money purchases".
A large number of Australians regard gold as a "safe-haven asset" to deal with market turmoil and flock to the gold bar trading market. There are long queues in front of gold dealers in Sydney and other places, which are very lively.
Photo source: news.com.au
The queue at the entrance is as far as the eye can see, and retirees and families make up the main part of the waiting crowd.
One family has made it clear that they plan to buy 20 grams of gold and a few grams of silver, with total expenses expected to exceed $6,000.
Even more surprisingly, the buy-in line did not dissipate throughout the day, and even at 3:30 p.m. it was still very long.
Sydney resident Emily Scott, a "old player" with 10 years of gold-barrier investment experience, faced with such a spectacular ransomware team, she said she was a bit surprised, even if she had to do so. Fear of not being in line before the shop closes.
“I know the price of gold is rising, I want to supplement.”
In her view, investing in gold has unique advantages, good liquidity, the day you want to turn, almost as convenient as other flexible ways to finance, and the return rate is higher than the bank.
Photo source: news.com.au
This feature leads everyone to be willing to invest in precious metals because it is safe and stable.
Jordan Eliseo, general manager of ABC Bullion, also confirmed the popularity of the current gold buying market, saying that the company's trading activity has soared sharply.
According to him, The current trading volume is four to five times the normal level.The number of people who opened accounts in the last month is basically three times the usual.
This is not only a rise in gold prices, but also a surge in trading activity and the number of investors. And the long queue at the door has become the norm in the past few weeks.
#02：
Market volatility and uncertainty
Generate demand for gold
Why did gold suddenly become a hot potato among Australian people?
Julian Finch, managing director of Finch Financial, gives a professional interpretation.
He pointed out that global market volatility and economic uncertainty are important factors driving the continued rise in gold prices.
“Whether in terms of monetary properties or precious metals, gold is considered a universal hard currency, and it has an intrinsic value in itself.”
Further analyzing, Julian Finch believes that high global inflation, along with ongoing political instability, has aggravated market uncertainty.
Investors have never liked volatility. Whether it is war, runaway inflation, or political events such as tariff adjustments and the U.S. government shutdown, they can cause market turmoil.
Photo source: news.com.au
It is worth noting that not only ordinary people are snapping up gold, but large institutional investors are also actively deploying.
Large institutional investors like pension funds that manage trillion-dollar assets are looking for safe ways to invest before market volatility settles, and gold is one of their choices.
For ordinary Australians, Finch believes their financial situation is unlikely to be significantly affected.
He said that while most Australians will not be affected by these market changes, a few may feel some changes.
“The Australian banking system is relatively stable, and if a kilogram of gold could be hidden under the bed of the house, it would be great to get into the house overnight, but I don’t think there’s anything to worry about for those who have their own funds and deposits in the local bank.”
In the long run, the performance of gold investment is very stable. Data show that in the past 25 years, The average annual increase in gold prices is close to 10%. This steady growth trend has also made gold a high-quality asset in the eyes of many investors.
What is more noteworthy is that this new "gold rush" has also brought new opportunities to the Australian economy. There are predictions that gold is expected to surpass other resources and become Australia's second largest resource export category, second only to iron ore.
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Lastly
The “cash flow” caused by rising gold prices.
Not only does it reflect the people's desire for market stability,
It has also opened up a new path for the development of the Australian economy.
The future,
As the gold market continues to be active,
The impact on Australian economy will be further revealed.