Why have I always been reluctant to recommend ordinary people to invest in gold?

First

In the entire year of 2025, gold rose by about 70%,

and this was the largest increase since 1979.

Such a market condition is an extreme outlier in itself.

Even if you invest 1 million,

earning 700,000 sounds like a lot,

but it can hardly be called "life-changing."

More realistically,

in normal years,

gold only rises by around 10%,

earning 100,000 from 1 million—

how much can that really change your life?

Second

Human nature simply can't handle it.

Win once, and you'll want to win again;

win again, and you'll only complain it's not enough.

But gold can't keep rising indefinitely.

Once you start frequent trading, leveraging, chasing highs and selling lows,

whatever you earned earlier

will eventually be lost the same way.

Third

Ordinary people have limited capital.

Once the money is tied up,

you'll be glued to the screen, checking prices, calculating gains and losses,

letting the market dictate your mood.

You won't focus on your real work,

and you won't sleep well.

In the end, you won't earn much,

but your quality of life will be ruined first.

Fourth

For most people,

the safest path is still through labor and steady accumulation.

Living a stable life

is nothing to be ashamed of.

High risk doesn't necessarily mean high returns;

more often than not,

it leads to

one wrong decision

that drags your entire life down with it.