Since we know that international gold prices will continue to rise in the coming years, we should keep buying as prices rise. No matter how it falls, we must remain resolutely optimistic and not be swayed by temporary losses. The more it falls, the more we should invest, and during the upward trend, we should redeem some profits appropriately.
Unlike international crude oil futures trading, Yi Anguo had never focused on international gold futures trading before his rebirth. It wasn't until the end of 2008 that international gold prices began to soar, lasting until July, August, and September of 2012.
However, by the end of 2011, influenced by the Eurozone debt crisis, international gold futures prices had already surged to a peak of 1900 US dollars per ounce.
Now, in the first half of 2010, international gold futures prices were around 1100 US dollars per ounce.
This is certainly a good point to invest, as by the end of next year, the profits will be substantial.
Although Yi Anguo wasn't clear about the fluctuations in the trend, knowing that it would rise to about 1900 US dollars per ounce by the end of next year was enough.
Being steadfastly optimistic and consistently going long — how could one worry about not making money?
Yi Anguo gathered the executives of Anguo Group Securities Investment Department, Anguo Securities, and Anguo Fund for a meeting and discussed the investment in international gold futures with them.
"Chairman! Since the end of 2008, the international gold market has been rising steadily. So far, the price of international gold futures trading has reached over 1000 US dollars per ounce, fluctuating around this price temporarily." said a manager of the Anguo Investment Department, Cheng Guohua, standing up.
"The current price has fallen by nearly 20% from last year's peak of over 1200 US dollars, and judging by this trend, there's a possibility of further decline. If we enter this market now, invest in international gold futures, and continue to be optimistic and chase the highs, isn't the risk rather high?"
"What price do you consider high for international gold trading? Is the current 1000 US dollars considered high?" Yi Anguo asked Cheng Guohua.
"Of course! I believe the reasonable price range for international gold trading should be around 800 US dollars per ounce. The current price of about 1000 US dollars is already high, and it might continue to decline to around 800 US dollars." Cheng Guohua said confidently.
"What if I told you that the current price of around 1000 US dollars is far from high, and missing this moment, you won't see a lower price than this again." Yi Anguo stated very seriously.
"Do you think it's hard to accept, or unbelievable, that the international gold price will break through to 2000 US dollars per ounce in the future?" Yi Anguo asked.
"Perhaps, but it would take a long time, at least 10 years, or even longer, to reach such heights." Cheng Guohua nodded and said.
"With the world economy progressing, price rises, currency depreciation, and other factors impacting it, gold, as the most enduring currency, will undoubtedly see its price continue to increase." Yi Anguo explained.
"What if I say that it won't take too long, and perhaps by the second half of next year or early the year after, international gold prices will skyrocket, and it won't be far from breaking through 2000 US dollars per ounce!" Yi Anguo said with a slight smile.
"That's impossible, absolutely impossible. How can gold prices nearly double, surging by 100% in just over a year?" Cheng Guohua said incredulously.
"Unless there's a third world war or a significant devaluation of the US Dollar, such a scenario is unlikely." Yi Anguo replied.
"Everything is possible. You may not believe it now, but when the time comes, you'll see it." Yi Anguo asserted.
"However, you don't need to worry; a third world war is not going to happen. At least for the next decade or so, no large-scale war will break out globally, at most some regional conflicts." Yi Anguo assured.
"As for a significant devaluation of the USD, that's also unlikely to happen." Yi Anguo comforted.
"However, the Eurozone debt crisis is a factor that could erupt at any time. If Europe falls into a debt crisis, with many countries declaring bankruptcy, do you think international gold prices might soar?" Yi Anguo questioned.
"The Eurozone debt crisis is indeed a very unstable factor!" Cheng Guohua commented after a moment of silence.
"Even so, such a dramatic increase seems implausible." Cheng Guohua insisted.
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