The sky has fallen for someone with gold in their possession.
Uncle Xu, my neighbor, had 300g of gold. Last month, when the price rose by 1000, he planned to sell it, but his wife wouldn't allow it, saying he should wait.
Watching the price of gold drop day by day, Uncle Xu decided to sell it today, only to be stunned when he went to the gold shop. Because starting November 1st, the sale of physical gold is subject to value-added tax, meaning gold buybacks will be taxed. This will increase the cost of gold buybacks, so gold shops are hesitant to accept gold. Uncle Xu was completely bewildered and didn't know what to do.
Uncle Xu regretted not selling his 300g of gold immediately. Now that he hasn't sold it, he's worried that fewer people will buy gold later, causing the buyback price to drop too much and making it impossible to sell.
Uncle Xu went home furious and berated his wife, asking why she had stopped him from selling it in the first place; things wouldn't be like this now. Do you think Uncle Xu should sell it now, or continue to hold onto it? $GOUT $ETH
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