Merchants lose the equivalent of a Maybach in one month by hoarding gold and silver.

```htmlJinse Finance reported that on June 27, according to Jiemian, the Shenzhen Shuibei gold market was bustling with many "gold prospectors" on the afternoon of June 26. Around 18:00 that day, the gold bar price at Shuibei was quoted at 926 yuan/gram, with the buyback price at 869 yuan/gram. It was observed onsite that someone purchased several gold necklaces for a total price of more than 80 thousand yuan. Due to the booming business, some merchants indicated they are temporarily not offering retail sales and are only doing wholesale. One merchant stated that they usually focus on purchasing services but are currently too busy, and will resume offline retail sales once things settle down. Another Shuibei merchant said, "Within just over a month, the value of my hoarded gold and silver assets shrank by more than 1 million yuan, which is like losing a Maybach. It feels like I’m losing money every day." Recently, international gold prices have continued to plummet. Around 19:30 on the 26th, the spot price of London gold was quoted at $4,050/ounce, down $1,548/ounce compared to the year’s high of $5,598/ounce. Between June 24 and 26, the gold price repeatedly fell below $4,000/ounce. The spot price of London silver was reported at $58/ounce, with its price being cut in half compared to the year’s high of $121/ounce.```