The Golden Obsession in Vietnam

In an unprecedented move, individuals like Anh Nguyet from Hanoi are borrowing money monthly to invest in gold, believing in its ever-increasing value. "Today’s peak could be tomorrow’s low," she says, showcasing the fear of missing out that's driving many to gold.

The Tuan Family's Golden Dilemma

Nguyen Tuan and his wife in Hai Phong City are holding onto their gold, fearing to sell as prices soar. They've opted for a new loan to pay off old debts, prioritizing gold investment over immediate financial relief.

Why Gold?

With bank interest rates low and inflation rising, gold has become an attractive, albeit risky, investment for many. Its ease of buying and selling, coupled with the current price surge, makes it a preferred choice for those with limited investment options.

The Risks of the Gold Rush

Analysts warn of the herd mentality and the dangers of investing without proper knowledge. The fear of missing out has led many to make hasty decisions, with some already facing financial losses.

Expert Advice

Seasoned investors recommend a balanced approach to gold investment, suggesting it should only constitute 5-10% of total assets. They also advise against making decisions based on social media trends or unofficial forums.

Learning from Losses

Stories like Hoang Mai's, who suffered losses by chasing peak prices, serve as cautionary tales. The importance of understanding the market before investing cannot be overstated.