{"id":58884,"date":"2026-01-08T09:56:44","date_gmt":"2026-01-08T02:56:44","guid":{"rendered":"https:\/\/hbbgroup.net\/cac-quy-hang-dau-the-gioi-o-at-mua-bac-ngan-hang-my-du-bao-gia-co-the-tang-len-muc-ngo-ngang\/"},"modified":"2026-01-08T09:56:44","modified_gmt":"2026-01-08T02:56:44","slug":"cac-quy-hang-dau-the-gioi-o-at-mua-bac-ngan-hang-my-du-bao-gia-co-the-tang-len-muc-ngo-ngang","status":"publish","type":"post","link":"https:\/\/hbbgroup.net\/zh\/cac-quy-hang-dau-the-gioi-o-at-mua-bac-ngan-hang-my-du-bao-gia-co-the-tang-len-muc-ngo-ngang\/","title":{"rendered":"C\u00e1c qu\u1ef9 h\u00e0ng \u0111\u1ea7u th\u1ebf gi\u1edbi \u1ed3 \u1ea1t mua b\u1ea1c, ng\u00e2n h\u00e0ng M\u1ef9 d\u1ef1 b\u00e1o gi\u00e1 c\u00f3 th\u1ec3 t\u0103ng l\u00ean m\u1ee9c ng\u1ee1 ng\u00e0ng"},"content":{"rendered":"
<\/figcaption>

Sau m\u1ed9t n\u0103m 2025 t\u0103ng gi\u00e1 \u0111\u1ed9t bi\u1ebfn g\u1ea7n 150%, b\u1ea1c \u0111ang tr\u1edf th\u00e0nh t\u00e2m \u0111i\u1ec3m thu h\u00fat s\u1ef1 quan t\u00e2m c\u1ee7a gi\u1edbi \u0111\u1ea7u t\u01b0 kim lo\u1ea1i qu\u00fd to\u00e0n c\u1ea7u. <\/p>\n

Qu\u1ef9 b\u1ea1c l\u1edbn nh\u1ea5t th\u1ebf gi\u1edbi iShare Silver Trust (SLV) do \u201cg\u00e3 kh\u1ed5ng l\u1ed3\u201d BlackRock qu\u1ea3n l\u00fd, \u0111\u00e3 chi g\u1ea7n 3,4 t\u1ef7 USD \u0111\u1ec3 mua b\u1ea1c trong n\u0103m 2025. C\u00f9ng \u0111\u00e0 t\u0103ng gi\u00e1 b\u1ea1c, quy m\u00f4 t\u00e0i s\u1ea3n qu\u1ea3n l\u00fd c\u1ee7a SLV l\u00ean \u0111\u1ebfn h\u01a1n 40 t\u1ef7 USD, cao nh\u1ea5t t\u1eeb tr\u01b0\u1edbc \u0111\u1ebfn nay. Qu\u1ef9 hi\u1ec7n \u0111ang n\u1eafm kho\u1ea3ng 518 tri\u1ec7u oz B\u1ea1c (16 ngh\u00ecn t\u1ea5n). <\/p>\n

\n

<\/p>

<\/figcaption><\/figure>\n

M\u1ed9t qu\u1ef9 \u0111\u1ea7u t\u01b0 l\u1edbn kh\u00e1c l\u00e0 Sprott Physical Silver Trust USD (PSLV) c\u0169ng m\u1ea1nh tay mua th\u00eam kho\u1ea3ng 28 tri\u1ec7u oz b\u1ea1c (g\u1ea7n 900 t\u1ea5n) trong n\u0103m 2025. T\u00ednh \u0111\u1ebfn cu\u1ed1i n\u0103m 2025, qu\u1ef9 \u0111ang n\u1eafm g\u1ea7n 209 tri\u1ec7u oz b\u1ea1c (~6,5 ngh\u00ecn t\u1ea5n), t\u01b0\u01a1ng \u0111\u01b0\u01a1ng quy m\u00f4 t\u00e0i s\u1ea3n h\u01a1n 17,3 t\u1ef7 USD. PSLV l\u00e0 m\u1ed9t trong nh\u1eefng qu\u1ef9 b\u1ea1c v\u1eadt ch\u1ea5t l\u1edbn nh\u1ea5t th\u1ebf gi\u1edbi, \u0111\u1ea1i di\u1ec7n cho tri\u1ebft l\u00fd \u201cb\u1ea1c th\u1eadt\u201d c\u1ee7a Sprott Asset Management LP. <\/p>\n

\n

<\/p>

<\/figcaption><\/figure>\n

Sau giai \u0111o\u1ea1n t\u0103ng n\u00f3ng, b\u1ea1c \u0111ang c\u00f3 nh\u1eefng bi\u1ebfn \u0111\u1ed9ng r\u1ea5t m\u1ea1nh. \u00d4ng Michael Widmer, Tr\u01b0\u1edfng b\u1ed9 ph\u1eadn Nghi\u00ean c\u1ee9u Kim lo\u1ea1i t\u1ea1i Bank of America (BofA) cho r\u1eb1ng, b\u1ea1c c\u00f3 th\u1ec3 h\u1ea5p d\u1eabn h\u01a1n \u0111\u1ed1i v\u1edbi c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 s\u1eb5n s\u00e0ng ch\u1ea5p nh\u1eadn r\u1ee7i ro cao h\u01a1n \u0111\u1ec3 c\u00f3 \u0111\u01b0\u1ee3c l\u1ee3i nhu\u1eadn cao h\u01a1n v\u00e0 l\u1ecbch s\u1eed cho th\u1ea5y gi\u00e1 b\u1ea1c c\u00f3 th\u1ec3 \u0111\u1ea1t \u0111\u1ec9nh \u1edf m\u1ee9c t\u1eeb 135 \u0111\u1ebfn 309 USD. <\/p>\n

\u00d4ng Widmer l\u01b0u \u00fd r\u1eb1ng t\u1ef7 l\u1ec7 v\u00e0ng\/b\u1ea1c hi\u1ec7n t\u1ea1i kho\u1ea3ng d\u01b0\u1edbi 60 cho th\u1ea5y b\u1ea1c v\u1eabn c\u00f3 th\u1ec3 v\u01b0\u1ee3t tr\u1ed9i h\u01a1n v\u00e0ng. \u00d4ng d\u1eabn ch\u1ee9ng m\u1ee9c th\u1ea5p nh\u1ea5t trong 15 n\u0103m qua l\u00e0 32 v\u00e0o n\u0103m 2011 cho th\u1ea5y gi\u00e1 b\u1ea1c cao nh\u1ea5t l\u00e0 135 USD, trong khi m\u1ee9c v\u00e0ng\/b\u1ea1c th\u1ea5p nh\u1ea5t n\u0103m 1980 l\u00e0 14 cho th\u1ea5y gi\u00e1 b\u1ea1c l\u00e0 309 USD\/oz. <\/p>\n

\n

<\/p>

<\/figcaption><\/figure>\n
\n

<\/p>

<\/figcaption><\/figure>\n

Th\u1ef1c t\u1ebf, gi\u00e1 v\u00e0ng c\u0169ng \u0111ang ch\u1eefng l\u1ea1i g\u1ea7n v\u00f9ng \u0111\u1ec9nh l\u1ecbch s\u1eed d\u00f9 qu\u1ef9 \u0111\u1ea7u t\u01b0 h\u00e0ng \u0111\u1ea7u th\u1ebf gi\u1edbi v\u1eabn \u0111ang mi\u1ec7t m\u00e0i mua v\u00e0o. T\u1ed5ng l\u01b0\u1ee3ng v\u00e0ng n\u1eafm gi\u1eef b\u1edfi c\u00e1c qu\u1ef9 ETF tr\u00ean to\u00e0n c\u1ea7u hi\u1ec7n v\u00e0o kho\u1ea3ng 4 ngh\u00ecn t\u1ea5n, \u01b0\u1edbc t\u00ednh kho\u1ea3ng 600 t\u1ef7 USD. Ri\u00eang qu\u1ef9 v\u00e0ng l\u1edbn nh\u1ea5t th\u1ebf gi\u1edbi SPDR Gold Share \u0111\u00e3 mua th\u00eam g\u1ea7n 200 t\u1ea5n trong m\u1ed9t n\u0103m tr\u1edf l\u1ea1i \u0111\u00e2y, qua \u0111\u00f3 n\u00e2ng t\u1ed5ng l\u01b0\u1ee3ng n\u1eafm gi\u1eef l\u00ean h\u01a1n 1 ngh\u00ecn t\u1ea5n. <\/p>\n

X\u00e9t theo khu v\u1ef1c, c\u00e1c qu\u1ef9 \u0111\u1ebfn t\u1eeb B\u1eafc M\u1ef9 v\u00e0 Ch\u00e2u \u00c2u v\u1eabn n\u1eafm nhi\u1ec1u v\u00e0ng nh\u1ea5t v\u1edbi kh\u1ed1i l\u01b0\u1ee3ng l\u1ea7n l\u01b0\u1ee3t kho\u1ea3ng 2 ngh\u00ecn t\u1ea5n v\u00e0 1,4 ngh\u00ecn t\u1ea5n. Tuy nhi\u00ean, c\u00e1c qu\u1ef9 Ch\u00e2u \u00c1 c\u0169ng \u0111ang n\u1ed5i l\u00ean tr\u1edf th\u00e0nh \u201ctay ch\u01a1i\u201d \u0111\u00e1ng g\u1eddm khi li\u00ean t\u1ee5c mua m\u1ea1nh \u0111\u1ec3 n\u00e2ng t\u1ed5ng l\u01b0\u1ee3ng v\u00e0ng n\u1eafm gi\u1eef l\u00ean g\u1ea7n g\u1ea5p \u0111\u00f4i th\u1eddi \u0111i\u1ec3m \u0111\u1ea7u n\u0103m ngo\u00e1i. <\/p>\n

\n

<\/p>

<\/figcaption><\/figure>\n
\n

<\/p>

<\/figcaption><\/figure>\n

Theo \u00f4ng Michael Widmer, Tr\u01b0\u1edfng b\u1ed9 ph\u1eadn Nghi\u00ean c\u1ee9u Kim lo\u1ea1i t\u1ea1i Bank of America (BofA), nhu c\u1ea7u \u0111\u1ea7u t\u01b0, \u0111\u1eb7c bi\u1ec7t t\u1eeb c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00e1 nh\u00e2n \u0111\u00e3 t\u0103ng m\u1ea1nh trong nh\u1eefng th\u00e1ng g\u1ea7n \u0111\u00e2y, v\u1edbi d\u00f2ng v\u1ed1n ch\u1ea3y v\u00e0o c\u00e1c qu\u1ef9 ETF \u0111\u01b0\u1ee3c h\u1ed7 tr\u1ee3 b\u1eb1ng v\u00e0ng t\u00ednh \u0111\u1ebfn th\u1eddi \u0111i\u1ec3m hi\u1ec7n t\u1ea1i \u0111\u1ea1t m\u1ee9c cao nh\u1ea5t k\u1ec3 t\u1eeb n\u0103m 2020. <\/p>\n

Tuy nhi\u00ean, Widmer cho bi\u1ebft v\u1eabn c\u00f2n m\u1ed9t ph\u00e2n kh\u00fac quan tr\u1ecdng ph\u1ea7n l\u1edbn \u0111\u00e3 b\u1ecf qua th\u1ecb tr\u01b0\u1eddng v\u00e0ng, v\u00e0 \u0111i\u1ec1u \u0111\u00f3 c\u00f3 th\u1ec3 thay \u0111\u1ed5i trong n\u0103m m\u1edbi. \u00d4ng l\u01b0u \u00fd r\u1eb1ng kim lo\u1ea1i qu\u00fd n\u00e0y hi\u1ec7n chi\u1ebfm kho\u1ea3ng 4% t\u1ed5ng th\u1ecb tr\u01b0\u1eddng t\u00e0i ch\u00ednh, nh\u01b0ng trong l\u0129nh v\u1ef1c \u0111\u1ea7u t\u01b0 chuy\u00ean nghi\u1ec7p, c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 t\u00e0i s\u1ea3n r\u00f2ng cao ch\u1ec9 n\u1eafm gi\u1eef 0,5% t\u00e0i s\u1ea3n c\u1ee7a h\u1ecd b\u1eb1ng v\u00e0ng. <\/p>\n

D\u00f2ng v\u1ed1n ETF l\u00e0 m\u1ed9t trong nh\u1eefng \u0111\u1ed9ng l\u1ef1c th\u00fac \u0111\u1ea9y gi\u00e1 v\u00e0ng t\u0103ng 65% trong n\u0103m 2025 v\u00e0 xu h\u01b0\u1edbng n\u00e0y ch\u01b0a c\u00f3 d\u1ea5u hi\u1ec7u \u0111\u1ea3o chi\u1ec1u. Chuy\u00ean gia c\u1ee7a BofA cho r\u1eb1ng c\u00e1c \u0111\u1ee3t t\u0103ng gi\u00e1 v\u00e0ng th\u01b0\u1eddng ch\u1ec9 \u0111\u1ea1t \u0111\u1ec9nh khi c\u00e1c y\u1ebfu t\u1ed1 th\u00fac \u0111\u1ea9y ban \u0111\u1ea7u gi\u1ea3m d\u1ea7n, ch\u1ee9 kh\u00f4ng k\u1ebft th\u00fac ch\u1ec9 \u0111\u01a1n gi\u1ea3n v\u00ec gi\u00e1 t\u0103ng. <\/p>\n

\n

<\/p>

<\/figcaption><\/figure>\n

\u201cT\u00f4i \u0111\u00e3 t\u1eebng nh\u1ea5n m\u1ea1nh r\u1eb1ng th\u1ecb tr\u01b0\u1eddng v\u00e0ng \u0111\u00e3 b\u1ecb mua qu\u00e1 m\u1ee9c. Nh\u01b0ng th\u1ef1c t\u1ebf l\u00e0 v\u1eabn c\u00f2n ch\u01b0a \u0111\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 \u0111\u1ee7,\u201d \u00f4ng n\u00f3i. \u201cV\u1eabn c\u00f2n r\u1ea5t nhi\u1ec1u d\u01b0 \u0111\u1ecba cho v\u00e0ng nh\u01b0 m\u1ed9t c\u00f4ng c\u1ee5 \u0111a d\u1ea1ng h\u00f3a trong danh m\u1ee5c \u0111\u1ea7u t\u01b0\u201d. Widmer n\u00f3i th\u00eam r\u1eb1ng \u00f4ng kh\u00f4ng th\u1ea5y m\u00f4i tr\u01b0\u1eddng t\u0103ng gi\u00e1 s\u1ebd k\u1ebft th\u00fac s\u1edbm. BoA d\u1ef1 ki\u1ebfn gi\u00e1 v\u00e0ng s\u1ebd \u0111\u1ea1t 5.000 USD\/ounce v\u00e0o n\u0103m 2026. <\/p>\n

Widmer n\u00f3i th\u00eam r\u1eb1ng s\u1ef1 t\u0103ng gi\u00e1 m\u1ea1nh c\u1ee7a v\u00e0ng trong n\u0103m 2025 c\u00f3 ngh\u0129a l\u00e0 m\u1ed9t s\u1ed1 nh\u00e0 qu\u1ea3n l\u00fd danh m\u1ee5c \u0111\u1ea7u t\u01b0 s\u1ebd kh\u00f3 c\u00f3 th\u1ec3 b\u1ecf qua n\u00f3 trong n\u0103m m\u1edbi. \u201cCh\u1ec9 c\u1ea7n nh\u00ecn v\u00e0o c\u00e1c ch\u1ec9 s\u1ed1 chu\u1ea9n, v\u00e0ng l\u00e0 m\u1ed9t trong nh\u1eefng t\u00e0i s\u1ea3n ho\u1ea1t \u0111\u1ed9ng t\u1ed1t nh\u1ea5t trong v\u00e0i n\u0103m qua,\u201d \u00f4ng n\u00f3i. <\/p>\n

\u201c\u0110i\u1ec1u ch\u00fang ta th\u01b0\u1eddng nghe l\u00e0 \u2018v\u00e0ng l\u00e0 m\u1ed9t t\u00e0i s\u1ea3n kh\u00f4ng sinh l\u1eddi; t\u1ed1n k\u00e9m khi n\u1eafm gi\u1eef n\u00f3; b\u1ea1n kh\u00f4ng ki\u1ebfm \u0111\u01b0\u1ee3c ti\u1ec1n t\u1eeb n\u00f3, v\u1eady th\u00ec n\u1eafm gi\u1eef n\u00f3 \u0111\u1ec3 l\u00e0m g\u00ec?\u2019 Nh\u01b0ng ch\u1ec9 x\u00e9t t\u1eeb g\u00f3c \u0111\u1ed9 \u0111\u1ea7u t\u01b0 thu\u1ea7n t\u00fay, v\u00e0ng th\u1ef1c s\u1ef1 c\u00f3 th\u1ec3 \u0111\u00f3ng g\u00f3p t\u1ed1t v\u00e0o danh m\u1ee5c \u0111\u1ea7u t\u01b0. T\u00f4i ngh\u0129 r\u1eb1ng c\u00e1c con s\u1ed1 \u0111\u00e3 n\u00f3i l\u00ean t\u1ea5t c\u1ea3\u201d, chuy\u00ean gia BofA nh\u1ea5n m\u1ea1nh. <\/p>\n

Kh\u00f4ng ch\u1ec9 c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00e1 nh\u00e2n \u0111\u01b0\u1ee3c h\u01b0\u1edfng l\u1ee3i t\u1eeb vi\u1ec7c \u0111a d\u1ea1ng h\u00f3a h\u01a1n n\u1eefa sang v\u00e0ng. Widmer d\u1ef1 \u0111o\u00e1n c\u00e1c ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng s\u1ebd ti\u1ebfp t\u1ee5c mua v\u00e0ng ngay c\u1ea3 khi d\u1ef1 tr\u1eef ch\u00ednh th\u1ee9c \u0111\u1ea1t m\u1ee9c k\u1ef7 l\u1ee5c v\u00e0o n\u0103m 2025. V\u00e0ng hi\u1ec7n chi\u1ebfm trung b\u00ecnh kho\u1ea3ng 15% t\u1ed5ng d\u1ef1 tr\u1eef c\u1ee7a c\u00e1c ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng. Tuy nhi\u00ean, m\u00f4 h\u00ecnh c\u1ee7a \u00f4ng cho th\u1ea5y r\u1eb1ng d\u1ef1 tr\u1eef s\u1ebd \u0111\u01b0\u1ee3c t\u1ed1i \u01b0u h\u00f3a ho\u00e0n to\u00e0n v\u1edbi t\u1ef7 l\u1ec7 ph\u00e2n b\u1ed5 v\u00e0ng trung b\u00ecnh kho\u1ea3ng 30%. <\/p>\n

M\u1ed9t y\u1ebfu t\u1ed1 n\u1eefa c\u00f3 th\u1ec3 th\u00fac \u0111\u1ea9y m\u1ed9t \u0111\u1ee3t chuy\u1ec3n h\u01b0\u1edbng \u0111\u1ea7u t\u01b0 sang v\u00e0ng l\u00e0 ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7 c\u1ee7a M\u1ef9 trong n\u0103m 2026. Widmer l\u01b0u \u00fd r\u1eb1ng m\u00f4 h\u00ecnh c\u1ee7a \u00f4ng cho th\u1ea5y trong m\u1ed9t chu k\u1ef3 n\u1edbi l\u1ecfng \u2013 khi l\u1ea1m ph\u00e1t tr\u00ean 2% \u2013 gi\u00e1 v\u00e0ng \u0111\u00e3 t\u0103ng trung b\u00ecnh 13%. \u201cB\u1ea1n th\u1eadm ch\u00ed kh\u00f4ng c\u1ea7n ph\u1ea3i th\u1ea5y c\u00e1c \u0111\u1ee3t c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t t\u1ea1i m\u1ecdi cu\u1ed9c h\u1ecdp,\u201d \u00f4ng n\u00f3i. <\/p>\n<\/p><\/div>","protected":false},"excerpt":{"rendered":"

Sau m\u1ed9t n\u0103m 2025 t\u0103ng gi\u00e1 \u0111\u1ed9t bi\u1ebfn g\u1ea7n 150%, b\u1ea1c \u0111ang tr\u1edf th\u00e0nh t\u00e2m \u0111i\u1ec3m thu h\u00fat s\u1ef1 quan […]<\/p>","protected":false},"author":5,"featured_media":58885,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[221],"tags":[],"class_list":["post-58884","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chung-khoan"],"acf":[],"_links":{"self":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts\/58884","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/comments?post=58884"}],"version-history":[{"count":0,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts\/58884\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/media\/58885"}],"wp:attachment":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/media?parent=58884"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/categories?post=58884"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/tags?post=58884"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}