Have you decided to invest in gold in what form? Is it in the form of bars, jewelry, or online? Now, if you have decided, we will give you tips for successful gold investing. Here are the tips and tricks.
1.Always Monitor Gold Prices
In investing in gold, you must always monitor the price and study its movements in the market.
As a rule of thumb, you can see that Antam’s gold price has now reached 900 thousand er 1 gram.
Then, learn more about gold price movements in the market. For example, about how the trend of rising or falling prices, influencing economic factors and so on.
2. Pay attention to theinvestment time
next, regarding timing. There are certain times that need to be taken into account when investing in gold. Almost the same as ‘playing’ forex (foreign exchange), the right time to buy gold is when its value is down. Then it is sold again when the price starts to rise in the market.
One more thing you need to pay attention to, gold investment should be kept in the medium to long term. Try it more than 5 years for optimal benefits. Make sure you also buy gold that has an official certificate from ANTAM or Pegadaian.
3.Determine the Type of Gold
Gold has various types. Such as precious metals, jewelry, or ancient gold. Each type stores a different value.
For beginners, it is advisable to invest in precious metals. Investing in these precious metals is more profitable than jewelry.
The advantage of precious metal gold is that it has a high selling price. In contrast to jewelry, the selling price is lower because it is influenced by the cost component. Starting from the cost of manufacture, the number of carats, the value of the art, the model, and the price reduction (depreciation).
4.Store in a Safe Place
If you decide to invest in gold bullion or jewelry, keep your investment in a safe place.
Carelessness in storing the risk of making gold that has been stored is defective or even lost.
Gold storage can be done by storing it in a safe at home. If you want to be safer, you can also save it through a Safe Deposit Box (SDB), which is a storage service for valuables. Generally, SDB services are provided by the bank.
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