On May 19, students participating in the Personal Financial Management course had the opportunity to attend an insightful and practical sharing session with Mr. Truong Quang Dat, Chief of Office of the Board of Directors at Bao Tin Manh Hai Gold, Silver and Gemstone Joint Stock Company. The session provided students with a deeper understanding of the role of gold throughout monetary history and its significance in personal financial strategies.
Rather than focusing solely on theory, the speaker guided students through the historical development of gold as a monetary asset, from the collapse of the gold standard in 1971 to the macroeconomic factors that continue to influence gold prices today. In an environment characterized by economic uncertainty, geopolitical fluctuations, exchange rate volatility, and inflationary pressures, gold was presented as a safe-haven asset and a strategic tool for portfolio diversification. Unlike fiat currencies, which may lose purchasing power over time due to unlimited supply, gold has maintained its historical role as a store of value because of its scarcity.
One of the most engaging parts of the session focused on personal financial management for young people. Addressing the relatively low level of financial literacy in Vietnam, the speaker emphasized a thought-provoking message: understanding gold means understanding the fundamental nature of wealth preservation. For ordinary investors, gold should not be viewed merely as a speculative instrument but as a means of protecting purchasing power and preserving long-term value. This perspective mirrors the way central banks hold gold as part of their foreign exchange reserves to mitigate financial risks and strengthen economic stability.
The session not only expanded students’ knowledge of gold from historical, economic, and investment perspectives but also encouraged them to develop a more strategic mindset toward risk management and personal financial planning.
We would like to express our sincere appreciation to Mr. Truong Quang Dat and Ms. Nguyen Thi Hoa Hong for delivering an inspiring and meaningful learning experience. Their valuable insights have provided students with practical knowledge and a stronger foundation for making informed financial decisions in the future.