Analysis: The investment trend in the South Korean market is spreading from virtual currencies to physical precious metals, and silver has become the latest investment target
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According to Golden Finance, market observers found that the investment behavior of Korean investors is spreading from virtual currencies to physical precious metals, and silver has become the latest speculative target for Koreans to look for. Data shows that 31% of office workers in South Korea hold virtual currencies, of which the 20-39-year-old group accounts for as much as 61%. However, as South Korea includes virtual currency exchange income into the scope of personal income tax, investment behavior has begun to change. Compared with gold with higher unit prices and more difficult to buy entities, silver futures only have 5% margin, which is far lower than stocks, and the 30% volatility in a single day is also smaller than that of virtual currencies.