"100 Million Won Has Become 340 Million"... Kim Gura Draws Attention with Gold Investment Success Story

Purchased 100 Million Won Worth of Gold,
Held Long-Term on Wife's Advice and Succeeded
Gold Prices Soaring Worldwide Recently,
Reaching All-Time Highs

As international gold prices have recently reached all-time highs, broadcaster Kim Gura has drawn attention by revealing that he made nearly triple returns on gold he invested in five years ago.

Kim disclosed this fact in a video released on the YouTube channel 'Geurigura' on October 18.

He explained, "While filming the KBS web entertainment show 'Guracheol,' I visited a gold exchange and thought it might be a good idea, so I purchased 100 million won worth of gold. Since gold requires a 10% value-added tax to be paid upfront, the total cost was about 110 million won. I bought one 1kg gold bar and used the remaining money to buy about 350 grams more."

Broadcaster Kim Gura-ssa shared his successful experience in gold investment. Screenshot from the YouTube channel 'Geurigura'

Kim considered selling when the total value of his gold surpassed 200 million won a few years ago, but decided to hold onto it based on his wife's advice, who said, "We're not in urgent need of money right now, so just leave it." He added, "Honestly, I think I have more economic knowledge, but women seem to have good intuition."

Following his wife's advice turned out to be a wise decision. He said, "I recently saw news that the gold price had surpassed $4,000 per ounce, so I checked and found that my gold is now worth about 340 million won."

Recently, gold prices have been soaring worldwide. The international spot price of gold, which was around $2,000 per ounce in March last year, surpassed $4,300 in the afternoon of October 16 (local time), reaching a record high of $4,318.75.

Experts analyze that expectations of interest rate cuts, renewed US-China trade tensions, and increased gold purchases by central banks around the world have combined to strengthen the preference for safe-haven assets. The decline in bond credibility due to worsening fiscal conditions in major countries has also accelerated the inflow of funds into gold.

Domestic gold prices are also on the rise. On October 17, the KRX gold spot price closed at 222,000 won per gram, up 1.83% from the previous day. When converted to Korean won based on international prices, it is about 199,000 won per gram.