多家银行调整个人贵金属业务！个人投资黄金，风险大了？

Core Viewpoint - The Industrial and Commercial Bank of China (ICBC) announced a significant policy change regarding personal precious metal accounts, effective December 19, targeting inactive accounts with no holdings, inventory, or funds [1][2][3] Group 1: Market Reaction - The announcement caused immediate turmoil in the market, especially as gold prices recently reached a historical high of 4381.29 yuan per gram on October 20 [4][5] - Other major banks, including China Construction Bank and Postal Savings Bank, have also begun similar actions, indicating a broader industry trend towards tightening regulations on leveraged trading and dormant accounts [6][8] Group 2: Regulatory Context - The move is not a one-off event; it reflects a systematic adjustment across the banking sector to mitigate risks associated with high-leverage trading, particularly in light of past incidents where clients faced significant losses [10][12] - The Shanghai Gold Exchange has issued risk warnings, suggesting that banks are aligning their policies with regulatory expectations to manage potential risks effectively [10][21] Group 3: Investment Strategy Shift - The banks are encouraging a shift from high-risk leveraged products to more stable investment options like physical gold bars and accumulation gold, which are perceived as safer [17][23] - The regulatory environment is expected to become stricter, with potential implementation of "risk rating + trading limit" controls, making high-risk precious metal trading more challenging for ordinary investors [25][30] Group 4: Long-term Outlook - Despite the tightening measures, the long-term value of gold remains intact, with global central banks increasing their gold purchases by 20% year-on-year in the first half of 2024 [21] - The investment approach is shifting towards a more conservative strategy, where regular small purchases of gold are recommended to average costs and reduce exposure to short-term volatility [28]