On the morning of January 14, listed companies bought SJC gold bars for 1 million VND/tael and sold them for 84.4 million VND/tael. Although it fell from the day before, the price of gold remains at its highest level last month, after a year of increases of more than 86.4%.
Similarly, the price of raw gold rings traded by companies is approximately 84.4 million VND/tael purchased, and 86.2 million VND/tael sold. The price of gold rings is also at the highest level last month, after 1, it increased by 2024% compared to the previous year.
Shouldn’t you buy too much gold?
However, at the 2025 Investor Conference recently held by Dragon Capital, Mr. Le Anh Tuan, Chief Investment Officer of Dragon Capital, said that gold is a channel with lower investment performance than real estate , stocks and even bonds of real estate companies.
Dragon Capital also released an investment channel performance evaluation table on a 5-point scale. As a result, gold is ranked at the lowest level, reaching only 2-2.5 points.
The SJC gold bullion market is closely controlled by management agencies, both in terms of supply and price, to narrow the gap with global gold prices.
Mr Le Anh Tuan said gold prices often experience unpredictable fluctuations and the actual performance is not as high as expected. In terms of speculation, gold is under strict supervision of the State Bank to stabilize exchange rates and control the market. The State Bank also recently said it is summarizing and evaluating Decree 24, aiming to effectively manage the gold market while protecting people’s rights in trading and hoarding.
The Dragon Capital expert said he only keeps 2% of his investment portfolio in gold, as it is not a channel that brings exceptional performance in the long term.
“There are times when gold prices rise very sharply. But if calculated over a long period, 10 to 20 or even 50 years, gold cannot compete with investment channels such as stocks or real estate,” Mr Tuan said.
Talk to Journalists Newspapers Workers, Some financial experts have also repeatedly recommended that you only buy gold for around 20-30% of your investment assets, instead of prioritizing this channel. The market and price of SJC gold bars are strictly controlled by management agencies, while the supply of 99.99 gold rings is limited because companies have been unable to import them to produce gold rings. gold, gold jewelry, etc.
-Things to note when buying corporate bonds
Dragon Capital rates the performance of investments in stocks and real estate highly, reaching 3.5 to 4 points on the 5-point scale mentioned above.
Currently, the stock market may be affected by short-term impacts of global macroeconomic factors. But in the medium term, stocks should still see good growth thanks to the growth rate of corporate profits.
Performance of investment channels according to Dragon Capital’s 5-point scale
Investors are recommended to focus on stocks in sectors that directly benefit from supportive policies, such as technology, banking, retail, steel and industrials. Mr. Tuan expects the stock market to make a breakthrough in 2025 or 2026, when Vietnam is officially listed and the KRX system is put into operation…
Even the real estate sector shows investment performance equivalent to that of stocks over the long term. With a clear recovery, particularly in the Northern region, and legal efforts deployed by the energized Government, the real estate market is entering a new cycle of growth.
Previously underrepresented areas also offer higher performance opportunities for real estate investors. Risks in this area will lie in the difficulty for new projects to make profits in the medium term due to high initial opening prices.
With a rating of 3/5, corporate bonds are considered a better investment channel than bank savings, thanks to attractive returns. However, Dragon Capital cautions that security and liquidity risks remain important factors to consider when choosing bonds.
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