Shih Wen-Hsin has been in the gold industry for 45 years, handling the design and production of gold jewelry in his store. He believes in the charm of gold as a store of value and a hedging tool, especially this year as prices have surged due to the pandemic. Starting from an investment of $280 per ounce, he has witnessed gold prices rise to over $2,000. Even though he has achieved financial freedom, he has no plans to retire and hopes to nurture future talent in goldsmithing.

Although gold prices fluctuate daily, Shih suggests that if investors can hold their investments for over five years, opportunities to enter the market will always arise. He emphasizes monitoring gold prices alongside the fear index to judge market trends.

Investors should hold physical gold for at least three years, as it typically yields better returns than bank interest. When holding gold futures, watching U.S. non-farm employment data can provide insights into potential price movements; a sharp decline may indicate economic weakness and create opportunities for gold.