Influenced by the economic environment, we have noticed that people are increasingly interested in financial management.

Before, most people relied on the most basic salary for living, but now we will try our best to earn more money.

However, the economic market is not as simple as we think. In addition to having capital, we also need the vision for financial management and precise market analysis.

As a result, some people have turned to buying gold, mainly because the international gold price has risen continuously in recent years.

The incident of Chinese "Dama" (middle-aged and elderly women) buying gold is still fresh in our minds, and those who ridiculed them at the time have completely shut up.

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After entering this year, the gold price of brands has also once broken through the important threshold of 600 yuan per gram, which has led to the popularity of gold jewelry stores.

We all know that gold jewelry has a processing fee, and if you want to cash out, the price will be greatly discounted.

So some people started buying regular gold bars from banks, but when it comes to recycling, the banks are dragging their feet. What is the reason for this? An insider revealed the secret.One, the gold buying wave

In the past, young people looked down on gold jewelry, always thinking that the dazzling yellow worn on the body is really too tacky.

And influenced by the hype of capital, the price of diamond products has been soaring all the way, and in many people's minds, expensive things are good.

A few years ago, most couples would be equipped with diamond rings or diamond necklaces and so on when they got married. Wearing them is indeed very beautiful, but many people said they regretted buying them afterwards.

Because the value of this kind of product is really too high, you may have spent tens of thousands of yuan to buy a diamond ring, and when you want to cash it out, you find that it may only be worth a few hundred yuan, and the recycling organization is also very reluctant.

In contrast, gold has always held a high position in the international economic market since ancient times.

Gold used to be a symbol of wealth and status, and now gold jewelry has also become a hot-selling product in the market.

There are several reasons for this situation, one of which is that we have understood the value of gold.There was once a popular saying in society that when you buy gold jewelry during times of affluence, it symbolizes wealth and luxury.

In times of economic hardship, it becomes an investment capital and the travel funds for your endeavors.

Gold jewelry, regardless of the era, has a particularly high liquidity rate; if you want to sell it immediately, there will be someone to buy it back, and its rate of preservation is far higher than that of diamond products.

The second point is that gold jewelry today is completely different from a few years ago.

During the manufacturing process, the most advanced production techniques of the moment have been incorporated, resulting in jewelry styles that are novel and very fashionable, widely loved by young people.

Plus, in recent years, the international economic environment has been sluggish, making it increasingly difficult for everyone to make money.

Gold is regarded by everyone as the most value-preserving investment, with a very low possibility of a significant price drop.

Each time the price rises, it increases by tens of units, while the price drop is only a few units at a time.

Under such circumstances, in the past two years, more and more people have started to like buying gold bars from banks.The purity of bank bullion is higher and has a very high value preservation, and it is also much cheaper than those gold jewelry on the market, which is quite pleasing.

Purchasing is also very simple. Choose a state-owned bank with your relevant documents and go to the teller to make the purchase.

At this time, the various vouchers, invoices, and materials given to you by the teller must be kept well.

We must understand that banks will not sell in grams, and most of the gold bars have a relatively high weight, which requires the buyer to have sufficient funds.

After buying the gold bar back, it has become a financial product you have chosen.

You can go to the market to find a regular jewelry workshop to design your own style, or you can sell the gold bar when you need funds.

However, some netizens say that buying gold bars is very smooth, but it is very difficult to sell.

Because the bank needs to go through a complex process and procedures to recycle gold bars, which makes people feel very annoyed.II. Reasons for Delay in Recycling

Some people feel that when you spend money, bank staff treat you like a god, but when you recycle gold bars, the other party's work efficiency is extremely slow, which seems to be deliberately difficult.

In fact, you have misunderstood the bank staff, because the bank's recycling of gold bars is not as simple as exchanging money for goods.

As an extremely authoritative institution, the bank has to go through strict appraisal and testing when recycling gold bars.

The bank is absolutely confident in the gold bars it sells, because they are all provided by the state, so the purity cannot be faked.

This point, the buyer can be absolutely at ease, and there is no need to question the quality of the gold bars sold by the bank.

But recycling is not necessarily the case, because there have been cases in the past where people used gold-plated silver to impersonate gold bars purchased from the bank, asking the other party to recycle them at the market price.

We all know that the price of gold and silver is very different, and the bank is not a welfare institution. If there is a mistake in the work, this loss will have to be borne by oneself.So when banks are recycling gold bars, they must ensure the authenticity and purity of the gold bars to prevent someone from adulterating to obtain unjust wealth, which is also to ensure the interests of both parties.

Even if you repeatedly emphasize that this is a regular gold bar purchased from the bank, various testing and appraisal processes must be followed during the recycling process, and these tests require fees.

For example, the salary of the testing personnel, the testing equipment, and the maintenance costs of the equipment in the later stage all need to be borne by the bank, which is also a considerable expenditure.

Banks definitely do not want to suffer losses in this aspect. If everyone is like this, the bank will face high expenditures, so there will be some procrastination in this business.

The second point is that some people will lose the transaction vouchers and receipts when purchasing gold bars, which brings a lot of trouble to the recycling work. The staff must check and verify this information.

Because these vouchers issued by the bank record the weight and quality of the gold bar, as well as which bank you bought it from.

To put it bluntly, this is the ID card of the gold bar. Once lost, it will be troublesome to handle the business.

The third point we also need to pay attention to is that different banks have different recycling policies for gold bars. Most banks will recycle according to the gold price of the day.

 Some people make unreasonable demands when they take their gold bars to the bank for recycling, such as asking the bank to buy back the gold bars at a price lower than the price they purchased it for, demanding that the bank repurchase it at the original purchase price.

This leads to the bank staff's recycling work being unable to proceed normally.

The international gold price fluctuates to a certain extent, which is also affected by various factors.

The global economic situation, geopolitical factors, and so on, all affect the price of gold, which we must understand.

The price of gold is different almost every day, sometimes only a day apart, the price of gold may differ by tens of pieces.

So, whether it is buying or recycling gold bars, everyone should pay more attention to the international gold price.

III. The Pros and Cons of Selling to Gold Shops

Nowadays, society emphasizes high efficiency, whether it is in work or life, we hope to save as much time as possible.

Since the bank is dragging its feet on the recycling of gold bars, some people think of selling to gold shops.Almost all gold shops on the market will buy back gold because they have a huge demand for gold. Gold bars have high plasticity, and they can be made into any style of products.

The advantage of selling gold bars to gold shops is that the gold shop will test the weight and purity of the gold, and the time is very fast. As long as you want to sell, the transaction can be completed in about an hour.

However, we must also understand that these gold shops are for profit. If you sell gold bars to them, the owner will press the gold price very low.

This is also because the owner wants to make a certain profit. After all, it takes a lot of expenses to support a shop, such as the rent of the shop, water and electricity fees, employee wages, etc.

After the gold shop buys back the gold bars or gold jewelry from the customers, it will remelt the gold and make it again.

In this process, there will inevitably be some loss, and he also needs to calculate this loss in advance.

Moreover, the making of gold requires professional tools, equipment, and manpower, all of which require money.

So its profit margin is reduced, and in order not to lose the principal, the gold shop can only lower the purchase price.So, if you sell the standard gold bars you bought from the bank to a gold shop, the price offered by the other party will be lower than the market price, which may result in a certain loss for you.

The second disadvantage is that the selling or recycling price of the gold shop is difficult to truly align with the international market. The gold prices of banks are set according to the international prices of the day.

Attentive netizens will not find it difficult to discover that after the international price of gold rises or falls, the prices of domestic gold shops are hard to match and will not be adjusted in the first place.

Therefore, when you want to sell the gold bar to the gold shop, it is likely to lead to an inability to get the first-hand information of the gold price, which may cause you to suffer losses due to this reason.

When recycling gold bars, the gold shop also has its own criteria, and its price will be adjusted according to the quality and purity of your gold bar.

If the quality of the gold bar in your hand is not good or the purity is not enough, the price offered by the gold shop will not be too high either.

From this, it can be seen that although the process of gold recycling at the bank is cumbersome, it is quite secure, and consumers basically will not suffer losses from it.

However, if you sell to the gold shop, the store will consider its own interests the most.Here is the English translation of the text:

I would like to remind everyone that while gold prices have indeed skyrocketed in the past two years, investing in this area still carries significant risks. Those who are considering buying gold bars for financial management must be cautious.

Summary:

Many people buy gold bars for collection purposes. Those with this mindset should pay close attention to international gold prices and try to purchase them when prices are relatively low. This can help you accumulate wealth.

It is normal for gold prices to fluctuate. During the Chinese New Year period, gold prices were at their peak, and now after the holiday, there is a noticeable downward trend in gold prices.

So, although gold has a certain degree of value preservation, its price is influenced by multiple factors, and the fluctuation range in the past two years has been somewhat large.

No matter what kind of financial product you want to buy, everyone should act within their means and make purchase plans based on their own financial situation. Do not blindly follow the trend.

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