A 10-year-old girl from northern China has drawn global attention after saving money from Lunar New Year red envelopes to buy gold since age seven, according to South China Morning Post. With gold prices rising sharply, her careful planning and long-term thinking have impressed social media users.
Child Investor in China Buys Gold for Three Years as Prices Surge
New Delhi: Children are usually busy with sports and studies during their childhood, but a 10-year-old girl from China is in the news for her wise decision. She started buying gold at the age of seven. Now, with gold prices rising rapidly, people are praising her foresight, and her story has gone viral on social media.
According to reports, this girl is a resident of Langfang City, Hebei Province, in northern China. The information was revealed in a report by the South China Morning Post. In China, there is a tradition of giving children money in red envelopes during the Lunar New Year, which is considered a symbol of good luck and prosperity. Instead of spending the money received from this tradition, the girl started investing it in gold.
According to the girl's mother, she began converting the gift money she received from 2023 into gold because she feared her parents would spend it. The girl believes that gold is safer than cash and more useful in the future. Every year, she receives around 4,000 yuan (approximately 52,000 rupees), which she gradually invested in purchasing gold.
When the girl first purchased gold, its price was around 460 yuan per gram. By February, the price had risen to around 1,100 yuan per gram. Through her continuous purchases, she has now accumulated approximately 30 grams of gold. Remarkably, she hasn't sold it yet and plans to continue investing.
The girl's insightful thinking has impressed people. Many social media users called him a "genius" and a "lucky investor." Some even jokingly asked his mother for future investment advice. This story not only highlights the importance of saving but also demonstrates that good financial habits are age-defying.
