Jin Rong Shi Bao·2025-03-25 11:27Core Viewpoint - The rising gold prices have led to an increase in speculative behavior among consumers, particularly using credit cards to invest in gold, prompting banks to issue warnings and restrictions against such practices [1][2][4]. Group 1: Bank Responses - Multiple banks, including Jiangsu Bank and Industrial Bank, have issued announcements prohibiting the use of credit card funds for gold investments due to the volatility in gold prices and the associated risks [2][4]. - Banks have clarified that credit cards should only be used for daily consumer spending and not for any form of investment, including gold and other financial products [4][7]. - Regulatory bodies have previously mandated that credit card funds must not be used for investments, and banks are required to monitor and control the actual use of credit card funds [7]. Group 2: Consumer Behavior and Risks - There is a growing trend of consumers using credit cards to buy gold with the intention of reselling it for profit, which is viewed as a speculative and risky behavior [1][8]. - Experts warn that such practices can lead to significant financial risks, including increased repayment burdens and potential credit issues for consumers [1][4]. - Normal purchases of gold items for personal use, such as jewelry, are considered acceptable, but frequent trading of gold bars is classified as investment behavior and is subject to bank scrutiny [8]. Group 3: Changes in Gold Investment Policies - Several banks have adjusted their gold accumulation business policies, increasing the minimum purchase amounts in response to fluctuating gold prices [9][10]. - For instance, Ningbo Bank raised the minimum purchase amount for gold accumulation from 700 yuan to 800 yuan, while Jiangsu Bank increased it from 700 yuan to 720 yuan [9][10]. - Experts suggest that investors should remain rational and avoid impulsive trading in light of the current gold price volatility [11].