How to pull the reins of the hot money from the real estate into the gold market

Xinhua News agency reporter Shan Ai Huang gold price soaring, contrasted with the depressed stock price and the chaotic house price. After the "Red May", more and more speculators showed interest in gold, although some worry that the traditional off-season in 6 July will lead to a sharp pullback in gold prices. The new question arises: Will the influx of hot money from the property market to the gold markets spark another round of bubbles?　　Experts believe that in order to curb the huge amount of hot money to hurt the real economy, we must take effective measures to guide the investment industry. Floating capital into the gold market 1241 dollars an ounce! Gold prices hit record highs in May. This is only "red May" gold trend in miniature. Despite a slight depression at the end of May, the gold price has quickly re-emerged with the advent of the euro credit crunch, which is worth more than 1200 dollars an ounce a month.　　After entering June, the gold price continued to concussion above 1200 dollar/ounce, the gold resources such as CICC Gold, Lingbao gold and so on listed company's stock prices increases. CICC Group Marketing company deputy general manager Growth told reporters that May was originally gold sales of the off-season, but this May sales are better than in previous years.　　Inflation expectations and the cold property market have made gold a new hot spot for investors. Wenzhou SME Development Promotion Association president Dewen revealed that in recent months, Wenzhou businessmen are talking about the exit from the property market, as gold is becoming easier, become a lot of businessmen to pursue short-term appreciation of funds tool. Wenzhou businessmen like to invest in tangible things, and very united, one person investment, will drive the surrounding businessmen to follow up. "Although the amount of money withdrawn from the property market to gold is incalculable, there is a clear trend."　　"Dewen said. The hot gold market has been confirmed by the latest data from the Shanghai Gold Exchange.　　According to the announcement, May through the exchange of gold trading volume of 662011.4 kg, the chain growth of 17.86%, year-on-year growth of 140.92%, the transaction amount of 174,968,622,800 yuan, the chain growth of 23.64%, year-on-year growth of 212.7%.　　Speculation gold has a greater risk for the market to enter the gold market of the size and consequences, the industry has different interpretations. Yang Haitao, a gold company analyst in Guangdong Province, said that although it is difficult to predict the size of the capital from the housing market, but Chinese investors have the psychological inertia of buying and selling, the gold market will attract more hot money to enter.　　Moreover the stock market is depressed, the property market all sides wait and see, the investor chooses the space already small. "It is noteworthy that this wave of gold prices out of their own independent market." Yang Haitao said that oil, which had previously been in high agreement with the gold curve, was still low due to the prospect of an economic recovery, and that the price of gold, which had always been reversed against the dollar, had not fallen as the dollar appreciated.　　The current debt crisis in the eurozone, the Korean peninsula, Israel and other regions instability, coupled with gold ETFs (trading-type Open index funds), and other factors such as the increase in gold prices are expected to appear in the wave-shaped rising. Some experts think, gold prices have been high for a long time, the gold market has a certain bubble, investors must be cautious. Zhu Zhigang, chief analyst at Yue Bao Gold, warned investors that the gold price was already at a very high point after 10 years of sustained gains, plus the traditional gold off-season, which is expected to enter the pullback phase in July.　　Even if there is a Wenzhou businessman's hot money to enter, it is estimated to be "a small-time." The current high price of gold is no shortage of international speculators behind the push. In China's gold consumption market in the world's second-largest background, international speculators look to China, beware of their malicious pull price lure investors into. Zhu Zhigang said: "I do not recommend investors too much participation in gold." At present, the repo channel of gold is still not unblocked, there is a greater risk of gold speculation.　　"Guiding the hot money to benefit the real economic capital is the nature of profit, how to guide it to promote the real economic development, has become a problem in front of managers." Youhuan, deputy director of the Industrial Economics Institute of the Guangdong Academy of Social Sciences, said that the huge amount of hot money swimming in the world's capital markets had only one purpose: to pursue high returns and where there would be high profits. A lot of hot money has entered the country through various channels in anticipation of China's interest rate hike and appreciation of the renminbi. After 30 years of domestic industry development, the same accumulated a huge amount of capital surplus.　　In the face of inflationary expectations, these deposits may turn into idle money at any time. "The past few years of Pu ' er tea, to the present garlic, gold, the investment impulse is difficult to control, but we can increase its flow costs, reduce flow and flow speed."　　Youhuan suggested that the authorities should crack down on underground banks and cut off the illegal entry of hot money abroad. Soloing, a professor of finance at the Central University of Finance and Economics, says the key to controlling hot money is to manage price expectations.　　But the prices of agricultural products are closely linked to natural conditions, and the price of gold is linked to changes in the dollar, which make prices difficult to control. The recent introduction of the State Council on the encouragement and guidance of private investment in the healthy development of a number of views are expected in the industry. Soloing said that the liberalization of private capital into the monopoly industry will promote these capital into the financial services industry and the tertiary sector, changing the current processing industry, secondary-oriented economic structure, so that the hot money is no longer a "troublemaker", but to promote economic development of the "sharp weapon."