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 ...

Group 1 - The core narrative of gold prices in 2023 has been characterized by significant volatility, with prices surging nearly 60% in the first half of the year due to geopolitical tensions, Federal Reserve interest rate cut expectations, and increased central bank purchases, followed by a sharp decline that marked the highest drop in five years [1][4] - The surge in gold prices led to increased consumer and investment interest, with notable trends such as the popularity of gold ETFs, which provided substantial returns to investors, exemplified by the BoShi Gold ETF's 54.08% increase over the past year and 138% over three years, compared to a 17.09% increase in the CSI 300 index [1] Group 2 - Despite the recent high prices, the gold market has experienced a significant downturn, catching many investors off guard, particularly those who had positioned themselves at lower prices earlier in the year [4] - The recent decline in gold prices is attributed to a cooling of Federal Reserve interest rate cut expectations and uncertainties surrounding Trump's tariff policies, which are expected to increase market volatility [4] Group 3 - Alipay's gold investment products, primarily gold ETF linked funds, are regulated and managed by public fund companies approved by the China Securities Regulatory Commission, ensuring compliance and risk control [8] - Alipay's gold investment offers low entry barriers, starting from 1 yuan, and features low fees, with management fees for gold ETF linked funds typically ranging from 0.15% to 0.5% annually, making it more accessible compared to physical gold investments [9] - A long-term allocation strategy is recommended for gold investments, suggesting a portfolio allocation of 5%-15% and employing dollar-cost averaging to mitigate timing risks [9]

对于那些原本打算囤金条的普通投资者来说，新政策像是偷袭的重拳，打得他们晕头转向。如果由于新政策导致金价 大幅上涨，此时入手金条的成本就要增加了！现在买吧，怕买在高位，以后价格下跌亏钱；不买吧，又怕错过上车机 会！ 而且大行对政策极为敏感，上演一日反转政策的罕见戏码，释放出极为不同的信号，需要解读！ 新政策规定，对通过上海黄金交易所、上海期货交易所交易标准黄金，卖出方会员单位或客户销售标准黄金时免征增 值税。 未发生实物交割出库的，交易所免征增值税。黄金没有交割出库，也就代表不会发生实物挤兑，不论怎么交易，不会 逼空，给高杠杆的做市商和黄金环流体系增加压力。 多家国内媒体报道，新政策标志着我国黄金交易税收体系向精细化、规范化迈出关键一步。本次新政策并未设立新税 种，只是强化用途管理与发票合规，主要影响的是黄金生产、加工及贸易企业的税务处理方式。没有媒体从打击实物 挤兑的角度谈及新政策。 具体来说，对于产业链企业，珠宝加工商进项税抵扣从13%降至6%，实际税负增加了约7个百分点，此前原料端13% 可全额抵扣，如今差额7%直接计入成本，成品涨价是一种必然。而黄金成品涨价自然会降低客户需求，导致珠宝加工 商购买实物黄 ...

Core Viewpoint - The new tax regulations on gold in China are reshaping the investment logic in the gold market, particularly affecting the trading of physical gold and promoting alternatives like gold ETFs [1][3]. Policy Changes - The new tax policy, effective from November 1, 2025, introduces a dual classification management system for gold transactions, categorizing them into on-market and off-market, both subject to a 13% value-added tax (VAT) [4][6]. - The policy distinguishes between investment gold (e.g., gold bars with purity over 99.95%) and non-investment gold (e.g., jewelry and industrial gold) [6][7]. - The new regulations impose stricter VAT collection on physical gold, reducing the tax credits available to businesses, which may lead to increased costs passed on to consumers [7][8]. Market Impact - For investment gold, institutions can still obtain tax-deductible invoices when purchasing from gold exchanges, but the sales to downstream dealers will only allow for regular invoices, reducing their tax deduction capabilities [8][11]. - For jewelry purchases, the input tax deduction drops from 13% to 6%, potentially increasing costs by 60-70 yuan per gram of gold, which could lead to higher retail prices [12][13]. - The new tax structure aims to curb speculative behaviors in the gold market and promote orderly trading practices [16][17]. Investment Strategy - The long-awaited tax reform signals a shift in asset allocation strategies, encouraging investors to consider gold ETFs and futures instead of physical gold, which may become less attractive due to rising costs [15][17]. - The long-term value of gold as a hedge against macroeconomic uncertainties remains intact, with gold ETFs providing a more accessible and cost-effective investment vehicle [24][28]. Gold ETF Advantages - Gold ETFs allow investors to trade gold like stocks, with lower entry costs and no stamp duty, making them a favorable option in the current tax environment [30][31]. - The structure of gold ETFs addresses common pain points for retail investors, such as high storage costs and complex purchasing processes associated with physical gold [31][32]. - The shift towards gold ETFs reflects a broader understanding of gold's role in asset allocation, moving away from the notion that physical gold is the only form of investment [33][34].

为持续向投资者普及ETF基础知识，招商证券携手十大基金公司，联合全景网共同举办2025年招商证 券"招财杯"ETF实盘大赛系列直播，旨在帮助投资者提升资产配置与风险管理能力，促进ETF市场的健 康发展。 彭悦：今年以来确实金价一路水涨船高，伦敦金涨幅约为55.8%，是比较惊人的。而且它的上涨速度特 别快，尤其是八月下旬到十月中旬这段时间，金价在两个多月的时间里创下了30%左右的涨幅。 可能有很多小伙伴在懊悔，这么快的上涨速度没有来得及配置，那么等到它回调的时候，是不是较好的 布局时点。那么我们的观点是：金价整体的上涨趋势维持不变。 这里做进一步的分析。本轮金价启动，三月份主要是源于特朗普政策的不确定性，包括对于高关税可能 拉升全球通胀的预期。到四月份之后，关税的冲突有所缓和，金价出现了三个月左右的盘整。 2025年10月28日，"招财杯"ETF实盘大赛系列直播邀请到了国泰基金量化投资部基金经理彭悦、国泰基 金首席市场策略师朱海飞一起探讨《一克千金，黄金还能涨吗？》。 彭悦表示：我们对于金价走势的观点是：短期波动回调，长期上升趋势不变。 金价上涨的长逻辑，主要还是来自美元信用的走弱。2022年俄乌冲突以来，金价 ...

伦敦金现徘徊在 4029 美元附近，较前期高点跌超 8%；国内沪金跌至 917.8 元 / 克，一周内跌去 12 元 / 克。"抄底黄金" 的声音越来越响，但问题来了：同 样是投资黄金，金条、黄金 ETF、积存金到底该选哪个？ "每天至少有 20 人问这个问题，选对的人稳赚，选错的人白交几万学费。" 有 10 年黄金理财经验的建行经理李娜坦言。其实不用纠结，算清成本、流动 性、适配性这 3 笔账，答案自然清晰。 投资黄金，首先得算 "回本门槛"，核心看溢价和手续费，这直接决定你要等金价涨多少才能赚钱。 金条：溢价低但有 "门槛费" 银行投资金条的溢价最透明，工商银行的投资金条卖 868.4 元 / 克，对比上海黄金交易所 917.8 元 / 克的原料价，溢价仅 2%-3%。但它有 "隐性门槛"：一般 10 克起售，按当前价格算，起步就要 8600 多元。 还有仓储成本，家里放着怕丢，银行保管要收年费，一年下来 100 克金条的保管费约 50 元，持有越久成本越高。 黄金 ETF：零溢价但藏 "交易费" 黄金 ETF（比如 518880）几乎零溢价，价格紧跟现货金价，买 1 克的成本就是当天的沪金价。但交易时藏 ...

Core Viewpoint - The article discusses the recent surge in gold prices, driven by global central banks increasing their gold reserves, and highlights the growing interest among young investors in gold investment, particularly through gold ETFs and funds. However, it also warns of the volatility and risks associated with gold investments, especially for inexperienced investors [5][12][22]. Group 1: Gold Price Trends - Gold prices have soared this year, with international gold prices reaching a peak of $4,379.38 per ounce, marking an overall increase of over 60% [5]. - The price of gold has seen significant fluctuations, including the largest single-day drop in five years, which has impacted new investors who quickly experienced losses after initial gains [5][10]. Group 2: Young Investors and Gold Funds - Gold funds have become a popular choice for young investors due to their low entry barriers, allowing investments starting from as little as 1 yuan [7]. - Young investors, such as Zian and Ruoxi, have shared their experiences of investing in gold funds, highlighting the emotional rollercoaster of gains and losses they faced [6][8]. Group 3: Investment Strategies and Recommendations - The article emphasizes the importance of understanding different gold investment options, including physical gold, paper gold, and gold ETFs, with a focus on the ease of trading through mobile platforms [12][15]. - Financial experts suggest that young investors should set stop-loss and take-profit points to manage risks effectively, especially in a volatile market [22][24]. Group 4: Future Outlook for Gold Prices - Predictions for gold prices vary, with some analysts expecting further increases while others anticipate corrections due to rapid price rises [18][19]. - Historical patterns indicate that after significant bull markets, gold often enters prolonged bear markets, suggesting caution for current investors [19][20].

Group 1 - The expectation of a Federal Reserve interest rate cut has increased, leading to a strong performance in gold prices, with COMEX gold futures reaching a high of $4205.8 per ounce, breaking historical records [1] - As of October 14, 2025, the scale of the gold ETF (518660) reached 4.675 billion yuan, marking a historical high, with circulating shares increasing by 205.11% since the beginning of the year [1] - In the past five trading days, the gold ETF has attracted a total of 521 million yuan in inflows, indicating strong investor interest [1] Group 2 - The management fee and custody fee for the gold ETF (518660) are currently at 0.15% and 0.05%, respectively, making it one of the lowest fee structures in the market [1] - External uncertainties and expectations of monetary easing are driving gold prices higher, supported by the Federal Reserve's rate cut expectations, a decline in the dollar, and the U.S. fiscal deadlock [1] - Investors can also participate in gold investments through linked funds with a management and custody fee of only 0.2%, and specific funds offer no redemption fees for holdings over seven days [2]

Core Insights - The international gold price has surged significantly, breaking historical records and reaching over $4000 per ounce as of October 8, 2023, with a year-to-date increase of over 50% [2][12] - Investors are increasingly reevaluating gold as an asset class, with some viewing it as a means of wealth preservation rather than just a speculative investment [3][8] Investment Trends - A notable participant in the gold market, identified as Xuedi, has seen substantial returns from early investments, with a total investment exceeding 2 million yuan and profits nearing 1.5 million yuan [2][7] - The demand for gold in China has shown robust growth, with retail investment and consumption reaching 518 tons in the first half of 2023, a 5% increase year-on-year [12] Market Dynamics - The rise in gold prices is attributed to various factors, including geopolitical tensions, economic risks, strong demand for gold ETFs, and consistent purchases by central banks [12][13] - The World Gold Council reported that China's gold ETF market experienced significant inflows, with a total asset management scale increasing by 116% to 152.5 billion yuan in the first half of 2023 [12] Future Outlook - Goldman Sachs has raised its gold price forecast for December 2026 from $4300 to $4900 per ounce, citing strong demand from central banks and private sectors [13] - Despite the bullish outlook, some analysts warn of potential price corrections due to profit-taking after rapid price increases, with predictions of possible declines to $3525 or $3800 per ounce in the short term [13]

在金价持续走高的当下，越来越多的投资者开始重新思考：黄金究竟是一种怎样的资产？是 否还可以继续配置？ "黄金，于我而言是一种值得等待的资产。"看着账户里接近50%的浮盈，黄金投资者雪棣如是说。 2025年以来，伴随全球地缘冲突持续与市场避险情绪升温，国际金价一路高走，接连突破3000美元/盎 司、3500美元/盎司乃至4000美元/盎司等关键点位，屡次刷新历史纪录。 截至10月8日，国际金价年内累计涨幅超过50%，使其成为全球大类资产中表现最为亮眼的品种之一。 作为黄金市场的参与者，雪棣亲历了国内金价从500元/克、600元/克一路攀升至900元/克的整个过程。 截至10月初，他在黄金上的累计投入已超过200万元，得益于较早的入场时机，目前实现收益近150万 元。他说："买黄金没什么技巧，全靠买得早。" 在这场由央行、投资机构以及投资者共同推动的"黄金热潮"中，有人凭借早期布局收获可观回报，有人 因犹豫等待而错失机会，也有人因"恐高"选择离场。在金价持续走高的当下，越来越多的投资者开始重 新思考：黄金究竟是一种怎样的资产？是否还可以继续配置？ "全靠买得早" 93年出生的雪棣，在福建的一家互联网知识服务公司工 ...