About this video

• Video Title: Tại sao tôi phân bổ một phần nhỏ vốn vào Vàng? - Hiền Quang Trấn TQH
• Channel: Trần Quang Hiến
• Speakers: Trần Quang Hiến, Phạm Phan Hiền
• Duration: 28:09

Overview

This video discusses the reasons behind allocating a small portion of capital to gold, exploring its role as a defensive asset and a store of value, particularly in the context of economic difficulties and historical events. The speakers also touch upon the enduring popularity of gold and real estate in Vietnam, contrasting them with other investment options like stocks and cryptocurrencies, and offering insights into asset allocation strategies.

Key takeaways

• Gold as a Defensive Asset: Gold is primarily viewed as a defensive asset, useful for hedging against risks associated with over-allocation to volatile assets, providing psychological stability for investors.
• Historical Context in Vietnam: The prevalence of gold and real estate investment in Vietnam is rooted in historical factors, including periods of economic hardship, war, and a lack of trust in the national currency, leading people to seek tangible assets for value preservation.
• Evolution of Investment Preferences: While gold and real estate have historically been favored, younger generations are showing interest in more dynamic assets like stocks and cryptocurrencies, seeking higher growth potential.
• Real Estate Challenges for Youth: The significant increase in real estate prices has made it increasingly difficult for younger generations to access homeownership, highlighting a gap between income and property values.
• Value of Gold in Uncertain Times: Gold's value is highlighted during economic downturns, political instability, and unforeseen events, serving as a reliable asset for preserving wealth when other assets may falter.
• Asset Allocation Strategy: The speakers emphasize that while gold is a safe haven, it should be part of a diversified portfolio with an appropriate allocation based on individual financial goals and risk tolerance.
• Diversification is Key: The principle of not putting all eggs in one basket is reinforced, with gold being a stable component in an investment portfolio to ensure psychological comfort and mitigate risks during market volatility.
• Future of Investments: The discussion extends to cryptocurrencies as a potential future asset class, particularly appealing to younger investors due to their digital nature and potential for growth, though they also present unique risks.

Historically, Vietnamese people favored gold and real estate for investment due to several key reasons:

• Economic Instability and War: Vietnam has experienced significant historical events such as wars and economic crises. During these times, tangible assets like gold and land were seen as more secure for preserving wealth compared to the national currency, which could be devalued.
• Lack of Trust in Currency: In periods of economic uncertainty or hyperinflation, people lost faith in the Vietnamese Dong, leading them to seek more stable stores of value.
• Historical Norms and Family Traditions: Investment in gold and real estate became deeply ingrained in Vietnamese culture, passed down through generations. Many families, including those of the speakers, had a tradition of investing in these assets.
• "Safe Haven" Appeal: Gold, in particular, was considered a safe haven, offering security and a way to protect assets during turbulent times. It was portable and could be easily stored or hidden.
• Perceived Value and Appreciation: Both gold and real estate were seen as assets that would retain or increase their value over time, especially when compared to other less accessible or understood investment options like stocks.
• Practicality and Divisibility (for Gold): Gold could be bought in smaller units (like one "chi"), making it accessible even with limited capital for accumulation over time.
• Social Status (for Real Estate and Gold): Owning property or a significant amount of gold was often associated with wealth and social standing.