Gold price down, jade bullish

In the past few days, due to the international plunge in gold prices, the price of domestic gold bullion has plummeted from 360 yuan per gram to 360 yuan. This round of gold fall also “infected” the Wuhan’s collectibles market, and gold-related investment products also fell. In a tumultuous situation, the jade market was in itself, and investment in jade was up against the market by nearly 20%.

The market for collectibles is "infected"

A set of panda gold coins etched 5,000 yuan Yesterday, the reporter learned from the Wuhan gold and silver coin market, the current performance of the entire gold and silver coin market is weak, even if it is favored by investors as "steady earning does not lose" investment panda gold coins, also began Go downhill. At present, the 2013 version of Panda Gold (5 pieces) in the market has a denomination of 870 yuan. It has just risen to 23,800 yuan when it was first listed, and it also sold 23,000 yuan in March. Today, the price is only 18,500 yuan, which is down 5,000 yuan. "Although it is a hard currency issued by the People's Bank of China, the new gold and silver coins are most susceptible to the impact of international gold prices." Investor Mr. Mao said that the sharp fall in the price of gold caused the trading volume of gold and silver coins to be unusually sluggish, and prices are still falling. In addition to the sharp fall in gold coins, the price of silver coins has also been hit hard. 1 ounce of Panda Silver has been the most widely used investment product for the audience. It is understood that the 2011 version, 2012 version and 2013 version of Panda 1 ounce silver are also in the down channel. Taking the 1 ounce Panda silver coin of 2011 as an example, the price has stabilized at about 370 yuan in the near future, but it has fallen to 210 yuan.

Analysis of the industry believes that the recent gold "bear market" remarks continue to lead investors may sell Panda gold coins to the market, or will promote the price of Panda coins further decline.

In addition to the panda investment gold coins, some commemorative gold and silver coins also appeared weak. Taking the Python gold and silver commemorative coin as an example, the highest price of the commemorative coin once reached 4200 yuan, but the recent price has also dropped to 3,100 yuan. In addition, the price of the "Liaoning" aircraft carrier gold and silver commemorative coins sold at the time of listing dropped from more than 7,900 yuan to 6,000 yuan, which also set a new low price since its launch.

Jade single jade bracelets also rose by 7,000 yuan gold market stricken, the jade collection market presents another scene: Although the store customers are extremely small, but the price of investment in jade is steadily rising.

Yesterday, the reporter saw in Wuchang Xudong Antique City that a number of jade shops were deserted, and there was a huge difference between the “gold grabbing” scenes and the hot gold shops. Lao Yang, who has been engaged in the Jade business for more than 20 years, sits in the shop and drinks tea. "Boss, now the gold shop is like a food market, your shop is so lonely, do not worry?" The reporter asked Lao Yang.

Lao Yang said that jade stores do not need to burst into popularity, only to hold old customers. "You don't underestimate these jades. I have an inconspicuous jade pendant or a bracelet on the counter. The value is in the tens of thousands or even tens of thousands of yuan. Dealing one month is enough."

He said that the price of jadeite jade has been relatively stable over the past few years and is still going higher. “In addition to attracting the popular low-end jewelry of less than RMB 1,000, the store also has jadeite bracelets and ring faces that are of great investment value. The prices are all above RMB 50,000. One jade bracelet with a price of RMB 50,000 before the Spring Festival. It has now risen by more than 7,000 yuan, an increase of nearly 20%."

In the interview, a young man came in to watch the bracelet. “It's too expensive. There are tens of thousands of bracelets. Or go to see gold.” The boy said to his girlfriend, the two then left.

Prices are bullish year after year. Who is spending jade and jade? Lao Yang said that the customer base is mainly concentrated in middle-aged people with successful careers. They particularly favor jadeite jade with investment value, which can be added and passed on to children.