Gold Investment Tips There are 4 Ways
JobsLoker - Gold investment can be an attractive option for novice investors. Besides being profitable, investing in gold is also quite easy to understand and can be done by everyone. As is known, gold has always been the prima donna for many years. Many people see gold as a cash field so it should be reckoned with. When other investment instruments such as stocks tend to fluctuate, gold is increasingly chosen as a promising asset because it is a safe haven asset. Gold investment is considered safe when there is increasing economic, political or geopolitical uncertainty.
Gold is an investment instrument that is suitable for all people. In uncertain circumstances, the price of gold continues to soar due to high demand. For those of you who want to start investing in gold, you should first understand investing in these precious metals. Because in investing in gold, investors must be patient to see the results. Moreover, gold investment is a type of long-term investment whose results can only be felt for at least the next 5-10 years.
Financial planner Prita Ghozie said the motivation for investing in gold is to seek increases in the long term, including as hedging. “In general, gold investment does not provide potential returns like stocks, but should be included in the investment portfolio. And gold investment should not be aimed at the short term," said Prita, quoted from KOMPAS TV, Friday (19/8/2022)
Gold investment tips for beginners
So, here are some gold investment tips for beginners from financial planner, Mike Rini Sutikno:
1. Set investment goals
The first tip before investing in gold is to determine the purpose of investing. For example, you want to prepare a child's school fund with gold, so you can buy gold regularly per month or at a certain time. The safe way to invest in gold is to know the purpose of investing very well. There are many goals that can be targeted in investing in gold, such as for marriage savings, education, or retirement investments. Or you can also target that in the next 10 years you will stop working and start your own business. Then the income from your salary is partly set aside and invested in gold.
2. Monitor the price of gold
There are several places that sell gold bars to invest. But it's best to buy gold in places that sell officially and are trusted. Official means selling gold by including the letters and certificates. The reason is, there are gold sellers who provide these precious metals in a fast way but are not accompanied by a certificate, only gold bars. You can buy it directly at the gold sales outlet at the PT Antam office or through a website that does sell gold officially. Apart from that, you can also buy and open a gold savings account at PT Pegadaian. Both are State-Owned Enterprises or BUMN so that their sales are more trusted.
4. Keep it in a safe place
Tips that are no less important are that you have to understand where gold is stored safely. The easiest way to store it is at home, such as in a safe or safety box. But also consider the price of safety boxes which can be more expensive. Another option, you can store gold in the Safe Deposit Box (SDB) offered by the bank. Of course, this also requires additional costs. The price for using SDB depends on each bank. You can also use SDB to store goods and other valuable documents such as house or land certificates.
Benefits of investing in gold Quoted from the news on investing in gold, here are some of the advantages of investing in gold:
1. Easy to get, easy to sell
Gold is easy to melt. This means that these assets are easy to sell when things are urgent and you need cash. Currently, many investment platforms offer buying and selling gold. Thus, users can easily buy and even sell gold quickly anywhere and anytime.
2. Prices tend to rise in the long term
When saving gold, you really can't expect big profits in a short time. However, this is compensated by the price of gold which tends to rise in the long term.
3. Protection of wealth
During a time of economic uncertainty due to the Covid-19 pandemic, gold is considered a safe haven asset for investors. As well as being used as a hedge, gold is also thought to provide protection during periods of political instability.
4. Get the support of the world's successful businessmen
Another thing that can make you even more sure is the support of the world's successful business people for gold. Peter Schiff once said, gold has worked for thousands of years, but now with the internet, gold works even better.
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