黄金税优惠没了！买黄金要“多掏腰包”了？普通人该囤还是该卖？

Group 1 - The core point of the article is the cancellation of tax incentives for gold purchases in China starting November 1, which is expected to increase the cost of buying gold for consumers [3][5][9] - The new policy eliminates the ability for retailers to deduct value-added tax (VAT) when selling gold, affecting all forms of gold transactions, including bullion and jewelry [3][5] - The increase in costs is likely to be passed on to consumers, making gold purchases more expensive [3][5] Group 2 - The policy does not affect gold recycling, which helps stabilize the market and prevents speculative behavior [5] - The government aims to create a fairer tax system by clarifying the distinction between on-exchange and off-exchange transactions, thus reducing loopholes [5] - There is a transition period until the end of 2027, allowing time for adjustment for both retailers and consumers [5][9] Group 3 - The international gold price remains largely unaffected by the domestic tax changes, with current prices around $3955 per ounce [7] - The demand for gold as a safe-haven asset continues to be strong, driven by central bank purchases and geopolitical tensions [7][9] - The overall market is expected to develop healthily despite the increased costs, as fundamental factors supporting gold remain unchanged [9]