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Learning & News => News related to Crypto => Topic started by: sirty143 on June 09, 2024, 07:52:20 AM

Title: Gold Rush: Long Lines to Purchase Bullion in Vietnam
Post by: sirty143 on June 09, 2024, 07:52:20 AM

Gold Rush: Long Lines to Purchase Bullion in Vietnam

Local reports indicate that lines of several dozen people are waiting to purchase gold bullion from various state-owned banks in Vietnam, primarily in Hanoi and Ho Chi Minh. The interest in buying the precious metal at this time seems to be driven by the lower prices these banks offer to retail investors, in line with the Central Bank of Vietnam’s objective of aligning domestic gold prices with global ones. See more for yourself here (https://news.bitcoin.com/gold-rush-long-lines-to-purchase-bullion-in-vietnam/).

Your opinion is greatly appreciated.

Title: Re: Gold Rush: Long Lines to Purchase Bullion in Vietnam
Post by: TomPluz on June 11, 2024, 03:36:37 AM

These days, there is no question that more and more people are really looking for way to protect their wealth against many factors that can somehow contribute to the slow downgrading of the fiat money. God, along with silver and other precious metals, have proven again and again in human history to be one of the best tools as 'safe haven" both in prosperous and chaotic era. I read somewhere that gold will eventually be priced at $10,000 from the current $2,307.99 per oz. Now, the only problem I have with gold is its physical presence although I understand that there can be some who prefer something they can see, touch and even smell so hiding them can be a problem for me and there can be that need to avail of the bank's vault. And this can be the big reason why some are now also looking at Bitcoin, considered as the gold in digital form, as the best alternative to the real gold.