黄金新政出台，炒金红利终结？看懂3点不踩坑

Group 1 - The core of the new tax policy is to differentiate between investment and consumption in the gold market, with a significant change being the introduction of a special invoice blocking mechanism for investment-grade gold, which will now incur a 7% VAT cost that was previously deductible, leading to a price surge in Shenzhen's gold market from 930 yuan to nearly 1000 yuan per gram [3][5] - The new policy aims to address the chaotic attributes of the gold market in China, where 70% of gold purchases are for jewelry and 20% for investment, but speculative activities have turned many consumers into amateur traders, leading to significant financial losses for merchants [5][7] - The rapid growth in personal gold investment demand, which surged by 42% in 2024, and the average annual growth rate of over 35% in bank gold investment users over the past three years, indicates a potential market volatility if there is a rush to redeem gold [5][7] Group 2 - The new policy is also a response to the ongoing monetary competition between China and the US, as the country aims to establish a closed-loop system for the renminbi and gold, with measures to ensure that non-physical transactions remain tax-exempt while tracking the flow of physical gold [7][9] - Recommendations for consumers include purchasing jewelry as needed, avoiding high-stakes speculation in physical gold bars, and prioritizing investments in compliant channels such as gold ETFs and futures, emphasizing that gold should be viewed as a stabilizing asset rather than a get-rich-quick tool [9]