Hi, I wanted to know your price.
Hello. What kind of price would you like to know? What specifically are you looking to buy or invest in?
If I have a principal of 100,000 yuan and deposit 10,000 yuan in a bank for a fixed deposit, and then buy gold instead, will the time it takes to earn ten times the profit be shortened?
Assuming that the annualized increase in gold prices in the future is 5%, for about 5.5 years: the accumulated principal in 5 years is 700,000 yuan, and the increase in 5 years is about 27.6% ((1.05)^5≈1.276), 70×1.276≈893,000 yuan; the accumulated principal in 5.5 years is 760,000 yuan, and the increase in 5.5 years is about 30.3%, 76×1.303≈990,000 yuan (close to 1 million, medium risk). The core value of gold is to hedge against inflation and risk.
Assuming the annualized increase in gold prices is 10% over the next four years: the accumulated principal over four years is 580,000 yuan, with a 46.4% increase ((1.1)^4≈1.464), 58×1.464≈849,000 yuan; the accumulated principal over 4.5 years is 640,000 yuan, with a 53.9% increase (64×1.539≈985,000 yuan) (close to 1 million yuan, medium risk).