这就给大家整理3个贴合中长线的黄金投资备选方案，不管预算够不够千元门槛，都能找到适配的，核心就是不跟风、稳配置～ 第一个是千元以上门槛的银行积存金优化版，适合手里有稳定闲钱、能达到建行1200元、中信1500元门槛的朋友。别像以前那样盲目定投，建议按月定额 投，比如每月固定一天存1200元，不纠结单日报价高低，中长线靠时间摊薄成本，重点选建行、工行这种大行，运营更稳，后续变现也方便，记住别频繁赎 回，至少拿1-2年才算中长线配置。 第二个是不足千元预算的低门槛选择，黄金ETF联接基金。不用凑银行的高门槛，10元、100元就能上车，本质是跟着黄金价格走，相当于间接投黄金，还 不用操心实物存储。适合刚入门、资金不多的朋友，建议选规模大、跟踪误差小的基金，同样按月定投，避开短期涨跌波动，把它当成资产里的"小压舱 石"，不用重仓all in。 这三个方案都避开了短期炒作，贴合中长线逻辑，大家根据自己的预算和风险承受力选就行。要不要我再细化某个方案的具体选购技巧，比如哪些黄金ETF 联接基金规模稳、跟踪准？ 第三个是不想碰实物或积存的朋友，选黄金主题指数基金。这类基金投的是黄金产业链上的优质公司，比如金矿、黄金加工企业 ...

• 定位：黄金是"风险保险"，不是发财工具，资产里配5%-10%就行； • 选工具：方便选黄金ETF（费用低、T+0交易），踏实选银行积存金（能换实物），别碰黄金首饰（溢价太高）； • 操作：急跌分批买，暴涨果断卖，别信"永远涨"！ 总结：黄金像灭火器，平时用不上但不能没有，想靠它暴富不如踏实搞事业！关注我，财经干货一分钟讲透，不绕弯子！ 老铁们，黄金最近过山车开得贼刺激！刚冲4400美元/盎司历史新高，转眼就回调到4080美元附近，现在下手怕接盘，不买又怕再涨？一分钟给你扒得明明 白白！ 黄金疯涨就俩核心：全球央行连续16年净购金，不信美元信黄金；地缘冲突、债务危机扎堆，资金全往黄金这"安全屋"躲。 但风险也明摆着：美联储放话"可能不降息"，金价说跌就跌；高位超买，短期回调压力大；品牌金饰买1315元/克、回收才916元，一买一卖亏30%！ 普通人这么买准没错： ...

Market Overview - The market is experiencing a significant downturn, with the probability of a Federal Reserve rate cut in December dropping from 67% to below 50% in just one month [1][2] - The strong performance of the Nasdaq index contrasts sharply with the decline in Chinese concept stocks, indicating a split market sentiment [1] Impact on Chinese Concept Stocks - Chinese concept stocks are facing severe declines, with Alibaba down nearly 4%, JD down over 4%, and XPeng down more than 5% [1][4] - JD's recent earnings report revealed a 55% year-over-year drop in net profit, exacerbating concerns about the sustainability of growth in the e-commerce sector [4][5] - The competitive landscape in the electric vehicle market has shifted from a "blue ocean" to a "bloody battleground," leading to significant losses for companies like XPeng and NIO [5] Economic and Regulatory Concerns - The potential introduction of a property tax has raised concerns in the market, particularly as the real estate sector has not fully recovered [10] - Ongoing uncertainties regarding U.S.-China audit regulations continue to create a precarious environment for Chinese companies listed in the U.S., with some facing potential delisting [10] Gold Market Dynamics - Gold prices have seen a dramatic drop, with futures falling 2.62% in a single day, attributed to a new tax policy that increased costs for non-investment gold [3][12] - The recent easing of geopolitical tensions has diminished gold's appeal as a safe-haven asset, leading to significant outflows from gold ETFs [12] Investor Sentiment - Investors are divided on whether to buy into the current market downturn or to remain cautious, with some viewing the low valuations of Chinese concept stocks as a buying opportunity while others prefer to shift to defensive sectors [14]

要分清三类人的处境：结婚送礼买首饰的刚需群体，商家加百分之七成本影响有限；想低买高卖的投机者，买价涨回收还可能压价，赚差价难度翻倍；真 有投资需求的人，上海黄金交易所、期货交易所的非实物交割仍免增值税，黄金 ETF、期货更划算但门槛高。手里有实物黄金的注意，现在卖了再买亏 百分之七的税，非必要别折腾。 国家下猛药是因黄金市场属性混乱埋了雷，中国人买黄金七成是首饰消费，两成是投资，但投机潮让不少买婚戒的成了业余炒家，今年九月深圳水贝月宝 新暴雷，商家玩三十倍杠杆，老板跑路后数百商户被欠数千万元。银行积存金也踩线，把投资和消费搅成一锅粥。 过去三年银行黄金投资用户年均增速超百分之三十五，二零二四年个人黄金投资需求激增百分之四十二，金价五年飙涨五成，若引发集中提金易致市场动 荡，还会冲击人民币黄金全球信誉。 当国际金价在四千点震荡收割投资客时，国内实物黄金市场正迎来挤泡沫风暴。 十一月初黄金税收新政落地，有人连夜抢购，有人急着抛售，深圳水贝金价一天暴涨七十元，工行招行紧急暂停部分积存金提金业务，这波操作的答案， 藏在个人钱包到中美博弈的三重逻辑里。 新政核心是用税收杠杆给黄金分属性，让投资归投资、消费归消费。根据财 ...

Core Viewpoint - The recent tax policy adjustment in China's gold market aims to enhance tax regulation and management, addressing issues of tax evasion and arbitrage in the context of a sustained "gold buying frenzy" [1][8]. Tax Policy Mechanism - The new policy introduces a dual classification of gold usage: "investment purposes" and "non-investment purposes," with specific tax implications for each category [2]. - For investment gold, a "special invoice blocking mechanism" is established to prevent tax deductions from being passed down the supply chain, effectively closing loopholes for tax evasion [2]. - Non-investment gold will have a fixed deduction rate of 6%, ensuring a tax base while allowing reasonable deductions for industrial enterprises [3]. Market Impact - The new tax policy is expected to reshape investment flows and channel choices in the gold market, favoring transactions through exchanges due to lower tax burdens compared to non-exchange channels [4][5]. - Ordinary investors may increasingly prefer exchange channels for large investments, while also considering virtual trading options like gold ETFs and futures to balance convenience and tax advantages [5]. Compliance and Risk Management - The policy imposes stringent compliance requirements on exchange members, necessitating precise internal accounting and usage declarations for physical gold deliveries [6]. - A strict record-keeping system is mandated, requiring members to maintain detailed documentation of gold purchases and sales for tax verification [6][7]. - The policy includes severe penalties for non-compliance, emphasizing the importance of tax compliance for market participants [7]. Future Outlook - The new tax policy is seen as a significant step towards tax fairness, risk prevention, and market standardization, enhancing China's gold market's international competitiveness and pricing power [8].

大家好，今天犀哥这篇财经评论，主要来聊聊黄金新规，11月1日黄金税收新规一实施，不少人看着家里的黄金就犯了愁：奶奶传下来的那根金条，以后还 能卖上个好价钱不？媳妇手上戴的金镯子，会不会慢慢没人要了？之前金店买的那些金豆子，现在算不算买亏了？ 新规落地后普通人的三大疑惑与现实冲击 最明显的变化就是黄金首饰变现难了，价格还得往下压，以前咱们都觉得金镯子、金项链是"硬通货"，真要是急着用钱，拿去金店一卖就能换钱，只要金子 成色好，价格都不会差。 可现在不一样了，金店收那些不是从官方渠道来的黄金，得额外交一笔增值税，而且这税还没法抵扣。 其实这些担心都不是空穴来风，新规确实给咱们老百姓持有和交易黄金带来了实实在在的影响，难道老百姓手里的黄金要贬值了？ 人家总不能自己亏本吧，自然就得把回收价压下来，以前100克金首饰能卖9000块，现在说不定只能拿到七八千，这就意味着，金首饰的"投资属性"基本没 了，以后也就是戴着好看、留个念想的东西。 还有那些在非官方渠道买的金条、金豆子，现在想变现也麻烦，过去大家图方便，小区附近的金店就能买金条，觉得"看得见摸得着"才放心。 可新规实施后，没有上海黄金交易所或者上海期货交易所开的凭 ...

Investment Rating - The industry investment rating is "Outperform the Market," indicating an expected relative increase of over 10% in the industry index compared to the market over the next six months [5][8]. Core Insights - The new tax policy for gold, effective from November 1, 2025, to December 31, 2027, introduces different schemes for investment and non-investment uses of gold, aiming to clarify the nature of investment gold and regulate the production chain [1][3]. - The policy exempts value-added tax (VAT) for certain gold transactions, particularly for standard gold traded on exchanges, which is expected to enhance market transparency and reduce illegal trading [2][4]. - The change in VAT deduction rates from 13% to 6% for non-investment gold will increase tax costs for downstream jewelry retailers, potentially leading to higher prices for consumers and impacting sales volumes [3][4]. Summary by Sections Tax Policy Changes - The new policy categorizes gold into investment and non-investment uses, with specific tax implications for each category [3]. - Investment gold will incur VAT upon sale or processing into investment products, while non-investment gold will be exempt from VAT, benefiting cash flow for buyers [2][3]. Market Impact - The new regulations are expected to drive gold trading towards formal exchanges, enhancing market order and transparency [4]. - Increased tax costs for jewelry retailers may lead to price hikes for consumers, affecting demand for gold jewelry [4]. Investment Recommendations - The report suggests focusing on leading gold jewelry companies with membership qualifications and innovative product designs, as they may better navigate the changing tax landscape [4].

Core Viewpoint - The international gold price experienced significant volatility in 2025, reaching historical peaks before a sharp decline, leading to uncertainty among investors regarding future trends and strategies [1][3]. Price Fluctuations - In 2025, international gold prices surged past $4100, $4200, and $4300 per ounce, but on October 21, a historic drop occurred with a single-day decline of 5.74%, causing prices to fall below $4000 [1][3]. - Domestic gold prices also reflected this volatility, with the price of gold jewelry dropping from 1294 yuan per gram to below 1200 yuan [1]. Influencing Factors - The Federal Reserve's monetary policy played a crucial role, with multiple interest rate cuts in 2025, but hawkish comments from Chairman Powell increased market volatility [3]. - Geopolitical developments, particularly statements from Ukrainian President Zelensky about ending the Russia-Ukraine conflict, reduced safe-haven demand, leading to capital withdrawal from precious metals [3]. - A strengthening dollar further pressured gold prices, as it increased the cost of purchasing gold for investors holding other currencies [3]. Investor Sentiment - The dramatic fluctuations in gold prices have caused significant distress among investors, with reports of substantial losses within short time frames [4]. - The volatility has even impacted personal decisions, such as marriage plans, due to the uncertainty surrounding gold purchases [4]. Institutional Perspectives - Despite the recent price corrections, many financial institutions remain optimistic about gold's long-term prospects, with UBS predicting a rebound to $4200 per ounce by year-end [5]. - Conversely, Citibank analysts express caution, suggesting a potential drop to $3800 within the next three months, while Bloomberg's commodity strategists foresee a possible 20% to 30% correction [5]. Investment Strategies - Experts recommend a cautious and strategic approach to gold investment, emphasizing the importance of asset allocation and long-term planning [6]. - Suggestions include maintaining a gold allocation of 5% to 10% of total assets, with varying strategies based on risk tolerance, such as physical gold for low-risk investors and gold ETFs for medium-risk investors [6][7].

Core Insights - The current fluctuation of gold prices in London is between $3,900 and $4,050, having dropped over 8% from the previous high of $4,380 [1] - The recent decline in gold prices is attributed to short-term emotional release rather than a long-term trend reversal, with significant profit-taking observed after a peak [3] - Long-term support for gold prices remains intact, with global central bank gold purchases expected to exceed 1,200 tons this year, and the U.S. debt burden continuing to impact the dollar [3] Market Analysis - The recent gold price correction is characterized by a rapid drop of over $400 in just one week, indicating typical profit-taking behavior [3] - Key indicators for assessing the timing of gold investments include monitoring the 10-year U.S. Treasury yield and the stability of gold prices around the $3,950-$3,970 support level [3] - The advice for retail investors includes avoiding high-fee gold products and leveraging low-premium options such as bank gold bars and gold ETFs [5] Investment Strategies - Retail investors are advised against the misconception of needing to buy all at once, with a recommended strategy of gradual accumulation and setting stop-loss limits [7] - A successful investment approach involves using a small portion of idle funds for gold purchases, with a focus on long-term holding rather than short-term speculation [8] - The distinction between gold as a long-term asset versus a short-term speculative tool is emphasized, with current price corrections presenting opportunities for long-term investors [7][8]

Core Viewpoint - Gold is increasingly viewed as a "safe haven" asset amid high global inflation, stock market volatility, and declining bank investment yields, but over 60% of gold investors face losses due to a lack of systematic understanding [1] Group 1: Choosing the Right Platform - The first step in gold investment is selecting a compliant and reliable trading platform, which is crucial for safeguarding investments [2] - Key factors to consider include licensing qualifications, fund security, and transaction transparency [2] Group 2: Opening an Account and Funding - After selecting a platform, the next step is to open an account and deposit funds, which can be completed in about 3 minutes using the example of the Jinrong China app [5] - The process involves downloading the app, filling in personal information, completing facial recognition, and signing an electronic contract [6] Group 3: Developing Investment Strategies - New investors are advised against making trades based on intuition and should consider three low-risk strategies: 1. Gold ETF regular investment for steady cost averaging [9] 2. Bank accumulation gold combined with grid trading to capture price fluctuations [10] 3. Spot gold trend tracking using technical indicators [11] - It is important to monitor Federal Reserve interest rate decisions, as gold typically faces pressure during rate hikes and tends to rise during cuts [12] Group 4: Executing Trades - Details such as timing and fee optimization are critical for successful trading, with different market hours offering varying volatility [14] - Jinrong China offers competitive trading costs, with spreads as low as $20 per lot, and various promotional activities to further reduce investment costs [18] Group 5: Review and Exit Strategies - Successful gold trading requires ongoing review and a well-defined exit strategy, including setting profit-taking and loss-cutting thresholds [19][20] - The relationship between gold prices and factors like the strength of the US dollar, inflation fears, and geopolitical tensions is significant [21] Group 6: Conclusion - The distinction between successful gold traders and average investors lies in disciplined risk management, with long-term profitable investors keeping individual trade risks within 1-2% of their capital [22] - Gold should be viewed as a stabilizer in asset allocation, with recommendations to allocate around 10% of one's portfolio to gold to hedge against market downturns and inflation [22]