Korean Celebrities Strike Gold: The Rise of 'Gold Tech' Investments
Celebrities like Choa (formerly of Crayon Pop), broadcaster Kim Gura, and comedian Shin Gi-ru have garnered attention after revealing their profitable gold investments. With the recent steady increase in international gold prices, public interest in 'Gold Tech' (gold-based investment strategies) is also soaring.
Choa Reveals an Astounding 51% Gold Return
Choa, formerly of the girl group Crayon Pop, has showcased her financial acumen as a 'Gold Tech expert' by disclosing her impressive gold investment returns.
She recently shared her unique investment philosophy on her social media, stating:
"Ever since we started dating, I've been telling my husband that for birthday gifts, 'I don't need anything else, just stocks or gold investments,' and he said he's never met anyone like me before."
Unlike most women who might desire luxury bags or accessories for their birthdays, Choa requested stocks and gold as gifts, surprising her husband.
"Feeling Proud of My Gold Returns Lately"
The photo Choa shared revealed an impressive gold return rate of over 51%, sparking envy.
"Feeling Proud of My Gold Returns Lately"
Choa expressed her satisfaction with the soaring gold prices. A 51% return is a substantial figure compared to typical bank deposit or savings interest rates. The same profit couldn't have been achieved by depositing the money in a bank during the same period.
Kim Gura Turns 100 Million Won into 340 Million Won in 5 Years
Broadcaster Kim Gura is also known to have made a considerable profit through gold investment.
Kim Gura recently appeared on a YouTube show and revealed that he purchased 100 million won worth of gold five years ago, which has now surged in value to over 300 million won, causing astonishment.
"A few years ago, the price of gold rose significantly to around 200 million won. I thought, 'I should sell it,' but my wife told me to 'just leave it alone.'"
Kim Gura considered selling when the gold price reached 200 million won, but his wife advised him to hold onto it.
"Recently, the gold became worth 340 million won."
Following his wife's advice, the gold price eventually rose to 340 million won. This represents a profit of more than three times the initial investment in just five years. Kim Gura praised his wife's remarkable investment sense.
Shin Gi-ru Earns 250,000 Won in Just Ten Days
Comedian Shin Gi-ru also recently experienced the 'taste of gold.' She bought a gold bar during the Chuseok holiday and enjoyed a price increase just ten days later.
"During the Chuseok holiday, gold was 690,000 won per don (3.75g). Ten days later, it's now 780,000 won. They even say it's 800,000 won per don if you want to buy it now."
The gold that Shin Gi-ru purchased during the Chuseok holiday cost 690,000 won per don. However, it rose to 780,000 won in just ten days, and the price to purchase new gold had risen to 800,000 won.
The gold purchased for 2,050,000 won had increased to 2,300,000 won as of the YouTube upload date, resulting in a profit of 250,000 won in ten days.
International Gold Prices Steadily Rising
With the recent steady increase in international gold prices, gold's value as an investment vehicle is once again gaining attention.
Gold is traditionally classified as a 'safe asset.' Investors tend to move funds into safe assets like gold when economic uncertainty rises or the stock market becomes unstable.
The recent uncertainty in the global economy, inflation, and geopolitical risks have increased demand for gold, leading to price increases.
Surge in Interest in 'Gold Tech'
As stories of celebrities like Choa, Kim Gura, and Shin Gi-ru profiting from gold investments circulate, public interest in 'Gold Tech' is also increasing.
'Gold Tech' is a neologism combining gold and 'jaetech' (a Korean term for wealth management), referring to wealth management methods using gold. You can invest in gold through various methods, such as gold bars, gold savings accounts, and gold ETFs.
Pros and Cons of Gold Investment
Pros:
- Value as a safe asset
- Inflation hedge effect
- Consistent long-term value increase
- Possibility of holding as a physical asset
Cons:
- No interest or dividend income
- Short-term volatility
- Storage and management costs
- Transaction fees
Cautions When Investing in Gold
Experts advise paying attention to the following when investing in gold:
- Long-term investment perspective: Gold is suitable for asset preservation through long-term holding rather than short-term profit.
- Diversification: Investing all assets in gold is risky. It is desirable to include gold as part of a portfolio.
- Purchase timing: Gold prices fluctuate, so it is important to purchase at an appropriate price.
- Investment method selection: You must choose an investment method that suits you, such as gold bars, gold savings accounts, or gold ETFs.
Celebrity Investment Craze
As in Choa's case, interest in smart investment is increasing among celebrities. In the past, they focused on spending their income, but now more and more celebrities are interested in investing and asset management.
Younger generation celebrities, in particular, are showing interest in various investment destinations such as real estate, stocks, and gold, and are preparing for economic independence.
It remains to be seen how public interest in 'Gold Tech' will change along with the trend of gold prices in the future.
Source :https://blog.naver.com/roadtowrestling
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