Great Warintorn has become a gold expert. Recently, he opened up about the continuously rising gold prices as an heir to a gold shop and offered advice to investors.
Since our business involves selling gold, it's partly like a secure form of money, circulating capital. Sometimes when customers sell gold bought from us, our cash flow goes out. Personally, I also buy and keep gold myself. When its price rises, it makes me happy. Have I ever experienced holding gold at a high price? Yes, I have. Although it was tough, I hold the view that I am not afraid of price drops. It can make you uneasy for a while, but eventually, the price recovers.
I think there are many businesses richer than gold shops in my view. But selling gold like my family's shop—buying and selling—is not easy. Our shop is in a province, and customers come to buy gold. My mother, whom I've seen since I was a child, has to talk to customers to sell each piece. Each piece doesn't bring much profit.
I don't know in detail how my family manages the business. What I do know is that prices fluctuate up and down. Personally, I also buy and sell gold, often buying at high prices just like everyone else.
I wish I could predict prices more accurately. I listen to many people because nowadays, anyone can access analyses from experts on assets, especially gold and Bitcoin. Everyone can access this information. I also listen to gold shops' views. Ultimately, we gather information from all sides and decide our own approach—whether to enter or not.
If you ask me if buying gold is good, many people ask. I feel gold is an asset suitable if you don't have time to study other assets like stocks, which require more knowledge. Gold has low risk and is safe. It's easy to understand. Buying and selling gold means dealing with tangible items. I don't personally trade stocks, so I can't comment, but if someone wants higher returns with higher risk, they might study other assets. The sharp gold price rise in the past two years is not normal. We must recognize it's unusual because it increased rapidly. It could return to a normal pattern with gradual increases.
If you ask if I am stuck holding gold at a high price, I believe that in the future, no matter how many years, the price will recover beyond that high point. I think so, so I am not worried.
What about the dowry?
I don't know how much they will ask for, and then I need to ask who they are... No, it's not possible. (How much would Great invest?) If I really have one, I wouldn't hold back.
Honestly, I don't have much. If it comes to that, talk to Jae Kung... If it involves gold, I have a little, just a little.
We take every possible security measure. Personally, I'm lucky because our gold shop and security system are very good. Our shop is located in the middle of the community, so security is quite high. We have bars, everything, and my father, a former police officer, also oversees security.
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