YLG is bullish on the gold price trend over the next 3-5 years from now, with interest rate policy likely to decline for the next 3-5 years.
Pawan Navawatthanasab, Chief Executive Officer Smt YLG Bullion International Company Company Limited (YLG) said overall gold movement is expected to increase significantly in 2023. At the start of the year, gold prices opened at $1,823.58 per troy ounce. and ended the year at $2,062.68 a troy ounce. 239.10 dollars per troy ounce, representing an increase of 13.11%.
The 4th quarter of 2023 will see a significant improvement as this is the period when the US Federal Reserve's (Fed) policy interest rate has started to stabilize and there is widespread expectation that the central bank is close to entering a cycle. Reduce policy interest rate from end of 1st quarter of 2024 to 2nd quarter of 2024.
However, since the rise in gold, the market predicts that gold will continue to rise for the next 3-5 years. As per the policy, interest rates are likely to come down for another 3-5 years so that investors big and small will return to investing in gold. And risks in the global economic situation could be another positive factor for gold to be a safe haven asset.
But, in the last 5 years, interesting changes have started to be seen in the gold market. A study conducted by the Ylg company revealed that the new generation under the age of 40 is almost 50% of the investors coming to invest in gold. It is different from where there was a group of jewelry entrepreneurs and mature investors who were interested in investing in gold. Also the method of investing in gold has been adapted to online investment up to 47.64%.
Based on this changing trend, YLG continues to develop gold investment products to meet the needs of the new generation. Recently, we joined hands with Advanced Information Services Public Company Limited or AIS to launch our first campaign! Welcome to the New Year 2024. Special for AIS customers especially to buy gold and earn extra points. GET GOLD by YLG! Unlock new experiences and create opportunities to invest in gold with GET GOLD by YLG when you open a gold trading account through the app! The Gold Spot Gold Buying and Selling application is real-time 24 hours a day and easily accessible at your fingertips via smartphone. Applicants can verify their identity and submit documents through the application. Get same day approval. And you can buy and sell gold instantly with a minimum investment of just 100 baht
This is to strengthen the gold investment behavior according to the new generation of investors. You can check the price of gold on a mobile phone through the online system. And choose to buy-sell or store gold Meet the needs of investors to invest in gold according to your lifestyle without going to the storefront. With an initial deposit of 100 baht
By collaborating between AIS and YLG to launch this promotion. Exclusive for AIS customers when opening a gold trading account with the GET GOLD by YLG application! Earn 3 AIS Points! Enter code “YLGAIS”. Promotion Period: 3 January 2024 – 31 March 2024.
Step 1: New customers will get 100 AIS points when they successfully apply and open account for the first time (Note: Successfully applying customers need to attach complete documents only to get points).
Second, new customers “buy gold for the first time” for every 1 baht of gold weight, earn 100 AIS points, up to a maximum of 400 points. Points, per 1 account only. Entitlement to 400 AIS points is exclusive to AIS customers availing this special offer. When you buy gold through the GET GOLD by YLG application, you will get gold only when you buy gold for the first time.
Step 3: When transacting to “buy” or “sell” gold every month. For every 1 baht of gold weight accumulated, you will earn 1 additional AIS points. It is not necessary to “buy” or “sell” 1 baud of gold within 1 hour, but it is calculated as total gold weight. within the month. Also get AIS points.
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