"I have been investing in accumulated gold for nearly two years, mainly achieving financial management goals by earning the difference. Now I have made over 30,000 yuan. After the National Day holiday, I added a small amount and made a few thousand yuan. I will buy more when the price retraces," said an accumulated gold investor from Anhui. Some investors buy accumulated gold to accumulate small amounts into a larger sum, eventually exchanging it for physical gold. "Every month, I save 2 grams, and once I have accumulated 10 grams or 20 grams, I can make an appointment with the bank branch to withdraw gold bars," said Xiao Yang, a young white-collar worker in Beijing.
In the past month, several banks have successively raised the investment threshold for accumulated gold. Experts say that the smallest business unit of gold accumulation products is 1 gram. Against the backdrop of rising gold prices, banks adjust the starting purchase point of accumulated gold according to market conditions. Some banks have warned that investors should enhance their awareness of risk prevention for gold accumulation and other precious metal trading businesses and invest rationally.
Young people are keen on accumulating gold. "I happened to see an activity at the bank where I could withdraw 5-gram and 10-gram gold bars. A few days ago, I went to the counter and withdrew 10 grams in less than ten minutes. The 5-gram bars were out of stock, so I will make an appointment when they are available," said Xiao Huang, a gold accumulation enthusiast from Guangxi. He accumulated 15 grams of accumulated gold at an average price of just over 500 yuan per gram and recently took advantage of a local bank's promotion of small-weight gold bars to choose to exchange for physical gold.
This year, many young people have "stepped into the market" by investing in gold through accumulated gold and other means. Regularly spreading investment costs and being able to enter with a low threshold are reasons why many investors choose accumulated gold. Flexible investment methods and the ability to accumulate gold with small amounts of money have quickly attracted a following for bank accumulated gold.
Several account managers introduced that customers can buy gold through active accumulation or fixed investment methods and deposit it into accumulated gold accounts. The gold in the account can be used for exchange, redemption, transfer, pledge, etc. Since March of this year, the number of customers consulting about accumulated gold and opening accounts for accumulated gold investment has significantly increased. On social platforms, many young people have formed interest groups to share and exchange accumulated gold investment experiences.
Industry insiders say that the bank's accumulated gold pricing mainly refers to the Shanghai Gold Exchange and international market gold prices. During the accumulated gold trading period, it is updated at a certain frequency.
"Domestic gold prices have doubled from 2014 to 2024, with an annualized return rate of about 8%. The long-term returns are relatively attractive and can better resist inflation. Accumulated gold is also suitable for long-term allocation," said an ICBC account manager.
In the view of many financial managers, fixed investment is a good way to invest in accumulated gold. This method can average the cost of buying gold, avoiding a one-time high-cost investment due to price fluctuations, and in the long run, it helps to reduce the overall investment risk. After the fixed investment plan is established, the bank's trading system will automatically deduct the gold purchase funds on the set date, eliminating the need for frequent manual operations, saving time and effort.
Several banks have adjusted the investment threshold.Investors' pursuit and the continuous rise in gold prices have made the accumulated gold business of many banks "frequently present". Since the beginning of this year, several banks have announced adjustments to the starting threshold for accumulated gold purchases.
Recently, China Everbright Bank has adjusted the starting investment amount for regular investment in individual gold accumulation business from 600 yuan to 700 yuan, while the additional amount remains unchanged at multiples of 100 yuan.
In the past month, several state-owned large banks and joint-stock banks that carry out accumulated gold business have successively raised the starting point for accumulated gold purchases, with most banks raising the starting point to 650 yuan or 700 yuan. For example, at the end of September, China Construction Bank stated that the starting amount for individual gold accumulation business regular accumulation was increased from 600 yuan to 700 yuan; Bank of China stated that the minimum purchase amount when purchasing accumulated gold products or creating a fixed investment plan according to the amount was adjusted from 600 yuan to 650 yuan; Industrial Bank stated that when trading by amount, the starting point for single purchase and new fixed investment purchase was adjusted from 600 yuan to 700 yuan; China Merchants Bank stated that the starting point for gold account current purchase and gold account fixed investment was adjusted from 600 yuan to 650 yuan.
At the same time, several banks have announced that the accumulated gold fixed investment plans that have been successfully set up before the adjustment will continue to be executed without being affected, and the amount of new fixed investment plans initiated after the adjustment must meet the bank's latest starting requirements. Subsequently, each bank will continue to pay attention to the changes in gold prices and adjust the starting amount and limit of accumulated gold investment in a timely manner.
In fact, in the first half of this year, several banks including Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank, Postal Savings Bank of China, China Merchants Bank, and Ping An Bank have carried out a round of adjustments to the starting amount of accumulated gold business.
Industry insiders believe that the banks' raising of the accumulated gold investment threshold is closely related to the strong international gold prices. According to the requirements of the regulatory authorities, the minimum business unit of gold accumulation products is 1 gram. As gold prices rise, the minimum purchase amount of accumulated gold needs to be adjusted.
Investors need to be cautious.
In the past two years, the continuous decline of bank deposit interest rates, the difficulty in achieving expected returns on financial products, and the continuous fluctuation of the stock market have led more people to focus on the risk-avoiding and value-preserving attributes of gold and consider investing in gold.
Wu Zewei, a researcher at the Star Chart Financial Research Institute, believes that residents can include gold assets in their asset portfolio to a certain extent to achieve the effect of diversifying risks and increasing returns. Compared with other investment channels, accumulated gold is not suitable for quick entry and exit, and is more suitable for investors to hold long-term in the form of fixed deposits, becoming a part of the allocation of major assets.
Looking ahead, many industry insiders believe that there are still supporting factors for gold prices. The pace of interest rate cuts by the Federal Reserve may accelerate with the weakening of U.S. employment, and gold prices are expected to strengthen again in the fourth quarter.However, industry insiders caution that the current gold prices are at historical highs, and investors need to invest rationally and not blindly chase the rise in gold products.
A rural commercial bank professional believes that the US dollar index, real interest rates, inflation levels, and safe-haven sentiment are all major factors affecting gold prices, with the most core being the US dollar index and real interest rates. If one intends to choose gold accumulation, it is recommended to wait until the gold price has a certain degree of correction before buying.
Financial regulatory policy expert Zhou Yiqin believes that the current increase in geopolitical uncertainties and the complex and volatile global economic environment are continuously enhancing the attractiveness of gold, which are also important factors driving the continuous rise in gold prices. However, gold prices have accumulated a large increase in a short period, and investors should be cautious about it.
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