The grade of gold ore is expressed in grams per ton (g/t), and the gold content of gold concentrate after beneficiation is generally only about 70g/t. Generally speaking, even if the gold content is as low as 3g/t, it is considered as a gold mine with great mining value.
Can I buy gold to preserve my value now?
Holding gold can resist hyperinflation in the short term, but it can't resist general inflation.
For example, when China opened gold and silver trading in the 1980s, gold was only about 80 yuan per gram. Today, 30 years later, gold is worth one gram of 400 yuan. On the surface, it has increased five times, but if we compare it with the actual purchasing power, we will find that it has actually depreciated, because its purchasing power in 80 yuan in the 1980s was greater than that in 400 yuan now. 80 yuan in the 1980s was enough for a family of three to live for a month without being too shabby. Now 400 yuan is enough for one person to spend a month, let alone a family of three?
Moreover, gold does not only rise or fall, nor does it only slightly adjust its decline.
For another example, at 20 1 1 year, the price of gold soared to an unprecedented level of $0/900 per ounce. After a short period of prosperity, a chicken feather was left behind. Now, eight years later, the price of gold is still far from an all-time high. Many people who buy gold 1 1 year are too lazy to look at the gold plate now. Go up slowly, they can't solve the problem in a short time anyway.
How is gold suitable for operation? I think paper gold is a good choice, suitable for short-term operation and profit. Physical gold is still forgotten and it is difficult to recycle. Not many can be repurchased. If you go to the market to sell, the price will be much lower than the real-time gold price, because recyclers have to eat, and it is not uncommon for one gram to be cheap 1 12%. This is when the price of gold is relatively stable and the price fluctuates greatly, many recyclers will stop recycling. Gold preservation is simply a rumor.
Holding physical gold for a long time is a gamble, either betting on the collapse of the national credit system, or betting on the sudden change of the international situation, or betting on the exhaustion of gold mining resources on the earth. Think of all the events with minimal probability. Only when there is no other investment channel will people think of gold.