God of Wealth Day is coming, what kind of gold should I buy?

Many people who want to buy gold for luck on God of Wealth day often wonder whether they should choose gold bars or plain round gold rings to get the most benefit?

Answering this question, expert Tran Duy Phuong analyzed: SJC gold bars are known for their high liquidity and can be bought and sold anywhere, including banks. However, recently, buying SJC gold bars has encountered many difficulties. Customers reported having to register in advance and only being able to buy in small quantities.

If consumers want to buy immediately, they often have to accept buying on the open market at a price significantly higher than the listed price, sometimes up to a million VND/tael. Meanwhile, gold bars of other brands are not national gold, so consumers who want to sell must sell to the right address to avoid losses.

In the context of SJC gold bars being scarce and having high prices, expert Tran Duy Phuong said that blister-pressed gold is a suitable choice because this product brings many practical benefits.

First is the ease of buying and selling. Prestigious gold brands today often buy back the gold they produce without having to go through the melting and re-inspection process. This makes it convenient for buyers, especially when trading branded gold. Consumers can easily buy gold in one location and sell it in another location within the same brand system.

In addition, the price of gold in blister packs often fluctuates closely with the world gold price, helping investors easily manage and close profits in time. Meanwhile, the price of SJC gold often has a certain delay compared to the fluctuation of the world gold price because it is stabilized by the State Bank.

The current blister gold market is also very diverse in design and volume, meeting the needs of many customers.

Among the types of gold pressed in blister packs, Mr. Phuong recommends choosing plain round gold rings pressed in blister packs instead of other types such as God of Wealth coins, zodiac coins or elaborately crafted types.

Experts recommend that round gold rings in blister packs are the type of gold you should buy on God of Wealth day.

" Gold pressed in blisters with special shapes often has an additional jewelry processing fee, ranging from 100,000 to 500,000 VND depending on the facility. However, when reselling, the purchasing facilities will not charge this fee, which means that consumers are at a disadvantage. As for plain round gold rings, there is no processing fee, so buyers will not lose this fee when investing in plain round gold rings pressed in blisters ," Mr. Phuong explained.

Agreeing with the above viewpoint, economic expert, Associate Professor, Dr. Dinh Trong Thinh recommends that buyers should choose gold rings because the price is close to the world gold price and lower than SJC gold. This helps minimize risks when gold prices fluctuate strongly, especially when buyers often keep gold until the end of the year.

On God of Wealth day, gold rings are often priced high due to their popularity, but the difference between buying and selling prices is smaller than gold bars, bringing benefits to customers.

Regarding the issue of how much gold is enough, Mr. Thinh said that how much gold to buy depends on the economic conditions of each family. The important thing is to buy the right product with guaranteed quality so that when selling, there is no loss.

Bao Tin Minh Chau representative also recommends that customers should pay attention to choosing the right type of gold, convenient for later sale so that it will not lose value.

Every time the God of Wealth comes around, there are many gold products on the market with diverse designs such as gold bars, rings, bracelets, God of Wealth statues... At Bao Tin Minh Chau, the most popular products are 6 plain round rings of Thang Long Gold Dragon that meet all needs, preferences and finances: 0.5 chi, 1 chi, 2 chi, 3 chi, 5 chi, 10 chi. In addition, the trend in recent years is that people also buy more jewelry made of Thang Long Gold Dragon, not only for storage but also to beautify themselves at the beginning of the year.

For gold art (gold-plated products), Bao Tin Minh Chau's gold expert advises that customers can choose to buy products according to feng shui that suits their age and destiny. However, this product has a major disadvantage that it will have no value when resold. Because many stores do not buy back gold-plated art products. Therefore, customers need to consider carefully when choosing to buy, because each product of this type costs from several million to tens of millions of dong.

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