In the A-share market, since the beginning of the year, gold stock ETFs have risen more than 30%, resource ETFs, non-ferrous 50 ETFs, and mining ETFs have risen 20%, and gold ETFsGold ETFs rose 17%.

The price of gold changes day by day. Sometimes the price of gold in the morning and afternoon of the same day may differ by a few yuan per gram. Some foreign gold store owners buy it overnight.

A staff member at Shenzhen Shuibei International Gold Shop said, “The price of gold rose rapidly two days ago. A gold store owner from Hunan made a batch order with me at 9 p.m. As a result, the price of gold jumped the next day.”

Commodity prices have shown a general upward trend recently, stimulated by rising commodities such as gold, crude oil, and non-ferrous metals. As of April 11, the S&P Goldman Sachs Commodity Index, which measures global commodity pricesIt rose more than 13% during the year, outperforming the 9% increase in the S&P 500 index.

Stimulated by gold prices continuing to reach new highs, Americans' enthusiasm for investment is also rising, and discussions about precious metals investment on US social media are heating up dramatically.

Since US retail giant Market Opener began selling 1 oz of 24K gold bars last year, sales have continued to soar. Wells Fargo recently estimated that the monthly sales of gold bars and silver coins from retail market openers will reach 100 million to 200 million US dollars.

The Swiss UBS Group wrote in a research report that central banks in many countries are buying large amounts of gold, on the one hand to “diversify” dollar reserves, and on the other hand, to seek safe haven in the face of geopolitical uncertainty.

From market opener customers to central banks in many countries, they buy gold in large quantities. The current market debate over gold is also quite intense.

Every gold bull market in history has been accompanied by great controversy. For example, stock god Buffett once mocked gold.

Buffett said, “People excavated gold from Africa or elsewhere, melted it into gold bars, dug another hole, buried it, and hired people to stand around and guard it. And gold itself is useless. Any Martian would be puzzled when they saw this scenario.”

Buffett gave an interesting insight into why he didn't buy gold: “Gold is an unproductive asset.”

Buffett believes that many people own gold, not based on the value that gold itself can generate, but rather believes that in the future, many people will prefer gold than themselves to buy it.

Referring to the nature of investment, Buffett said he wants to invest in varieties that create value and generate continuous cash flow.

According to him, investors can buy a plot of land to produce food or build a factory and open a store; buy a company (stock), which can continue to produce and pay dividends to shareholders; and buy a piece of gold, whether ten or 100 years from now, it will still be a piece of gold and will not bring any other output.

At the Berkshire shareholders' meeting, Buffett stated that in 1942, he invested 10,000 US dollars in the S&P 500 index fund, and the value of this investment will reach 51 million US dollars in 2018. Invest $10,000 in gold, worth approximately $400,000.

The long-term history of various types of assets can now be traced back to statistics from the famous American professor Siegel in his book “The Future of Investors” — earnings from various types of assets over 200 years from 1802 to 2003.

The income from investing $1 in gold, notes, bonds, and stocks in 1802 was $1.39, $301, $1,072, and $579,485, respectively. When holding cash, purchasing power was drastically reduced to 0.07 US dollars. As can be seen from this, the cumulative effect of inflation is astonishing.

Professor Siegel's statistics show that holding stocks is the highest, with an annualized return of 6.86% of US stocks over the past 200 years; followed by bonds, with an annualized return of 3.55% in 200; in the long run, holding cash will continue to depreciate; holding gold preserves slightly in value.