I started buying gold in late 2024, when many people thought it was a risky decision. At the time, gold was trading at a peak of around VND90 million (US$3,423) per tael (1 tael = 37.5 grams or 1.2 ounces). Quite a few people I knew advised me to think twice, saying that buying at that point meant I could easily end up buying at the top.
But I kept buying, not because I believed I could predict the market, but because I had decided from the beginning that gold was a long-term investment rather than a way to make a quick buck.
I did not have a large amount of money to make big bets. My income is fairly average, and each month after covering living expenses, I set aside around VND5-10 million to buy gold regardless of whether prices went up or down.
I have accumulated more than five taels so far. The metal now fetches around VND183 million per tael, up 103% from when I started buying.
Many people have praised me for having “foresight” and even suggested that I should sell soon to lock in profits, saying that “a gain like that is already very good.”
But I have no plans to sell soon. This surprises many people, some of whom see it as greed. However, I do not hold gold because I am waiting for a “perfect” moment to sell. I do it because my goal from the start has been to build wealth, not to speculate.
As a result, I do not feel stressed by market swings. When prices fall, I do not panic about potential losses. When prices rise sharply, I do not fear missing out on profits. I stay at ease because I am not betting my financial future on short-term gains.
For people with moderate incomes like mine, investing is not about maximizing returns, but about discipline and sustainability. To me, gold is like a safe that “grows over time.” It will not make me rich overnight, but it gives me confidence that the value of my work is protected against economic uncertainty.
I may not make the kind of outsized gains that short-term traders can achieve with perfect timing. But I believe that steady, long-term accumulation is the most sensible approach to investing in gold.
*This opinion was submitted by a reader and translated into English. Readers’ views are personal and do not necessarily match VnExpress’ viewpoints.
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