Gold Investing: 5 Easy Gold Investments for Beginners
Illustration Gold Investing
Netgenz - Business | Having a regular income does not mean your future is protected. To guarantee that your future will be better, there is one treatment that should be carried out from the start, namely investment. Making any investment has a form, it must be done while you still have a regular income. There are many types of investments that can be decided, starting from investments in stocks, deposits, land, to gold. This last type is an investment option that is currently popular during the Covid-19 outbreak. There are ways to invest in gold that can be implemented. Also, read How surveysay to make money online.
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Gold is not only famous as jewelry but is also seen as the most profitable investment option. What's the article? Because gold is an item whose prices tend to rise and rarely experience significant reductions. One example is what is happening now in the period of the Covid-19 outbreak. Gold prices experienced a significant increase. Now gold is sought after as an investment tool so you need to know how to invest in gold.
Because of his increasing reputation, some people are starting to switch to gold investment. There is no need to worry if you are counted as wanting to invest in this precious metal but don't know how to invest in safe gold. But how exactly is a safe gold investment for those who are just starting out? Here's the explanation
Safe gold investment steps for beginners
1. Convince the direction of gold investment
Before starting to invest in gold, make sure you know what direction you are investing in. The safe way to invest in gold is to know what it means to invest. Many directions can be targeted in investing in gold, whether it is for marriage savings, teaching, or retirement investments.
Or for example, you have a target in the next ten years to stop working and start your own business. Next, some income from your wages is set aside and invested in gold. If you already have a clear direction like this, then you will know more about how much gold is invested each month. That's the first safe gold investment step for beginners.
2. Monitor gold price changes periodically
The next step in gold investment is to monitor periodic changes in gold prices. Nowadays, it is not difficult to keep an eye on changes in gold prices. There are several sites on the internet that display daily changes in the price of gold. Furthermore, there is also a program on mobile phones that can display changes in the price of gold.
In what direction do you watch the gold price change? Even though gold is recognized as the most constant investment tool, it sometimes experiences price reductions. Although rare, it never hurts to buy. Furthermore, when suddenly the price of gold rises high, you also have the option to sell it further. But it should be understood that gold investment should be carried out for the type of long-term investment, namely within 5-10 years. That's the second gold investment step.
3. Buy gold in the most trusted locations
Steps to invest in gold after that know where to buy gold. Many locations sell gold bullion to invest in. But you should buy gold in several places that sell it in an official and most trusted way. It is legal to sell gold by including several letters and certificates because there are gold sellers who provide the precious metal quickly but are not accompanied by a certificate. Only gold bars.
One of the locations that are referenced and the steps for investing in gold is buying at PT ANTAM. You can buy directly at the gold marketing outlets at the PT ANTAM office or several e-commerce sites that sell gold from PT ANTAM in an official way. Then you can also buy and open a gold savings account at PT Pegadaian. The second one is as a State-Owned Enterprise or BUMN so that the sales are more trusted.
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4. Area for safe gold storage
Then, the way to invest in gold that is easy for beginners to follow is to see where it is stored. One of the guidelines or steps for investing in gold is that you must also understand where to store gold safely. The easiest is to store it in your own house in a cash box or safety box. If you don't feel safe, you can also save in the Safe Deposit Box (SDB) sold by the bank faction. Of course, if you decide to use SDB, there will be additional costs involved. The price for using SDB is relatively dependent on each bank. For SDB itself, apart from gold, it can also be used to store several items or other valuable documents such as house or land certificates.
5. Concentration of the future
Steps to invest in gold after that concentration in the future. You must understand that investment is a saving for the future, whether it is a short period or a long period, which can be 10 to 15 years in the future. So when making investments, including gold investments, you need patience in witnessing the results. Gold investment is really suitable as a long-term investment so that the results will only feel at least the next 5-10 years. Remember, investing is different from buying and selling which has the aim of making an instant profit. Therefore, in investing in gold, you must concentrate on the direction and future that you want to achieve. So, focusing on the future is a gold investment strategy that you can apply.
Those are 5 gold investment guidelines and steps that beginners can follow. Gold is still favored by the majority of Indonesians as an investment tool. So it is important for those of you who want to invest to understand the steps of investing in gold. Like the initial flicker, one of the triggers is the price, which is constant and even tends to rise. Apart from the issue of price consistency, there are still some advantages to investing in gold. What are some? Here's the explanation.
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Gold investment advantages
1. Easy to melt
The first advantage of investing in gold is its high level of liquidity or its easy-to-liquid character. This means that gold is easily melted down into the form of cash if at any time you need cash for certain purposes. Compared to other investments such as land or houses, gold certainly has a higher level of liquidity.
2. Create wealth protection
Furthermore, gold investment has the meaning of protecting wealth. This can be seen from the constant price and tends to increase. For example, if there is inflation at any time or the economy is critical, the price of gold tends to increase. This is completely different if you only keep cash in cash. When the economy is experiencing inflation or an economic crisis, the value of the currency can also decline.
Those are the two advantages of investing in gold besides price consistency. After knowing how to invest in gold and the benefits, it never hurts to start investing in gold. Some of the gold investment methods mentioned initially are not difficult to apply. One thing to remember is that any investment has an important shape to ensure the future will be better. Apart from investing in gold, another investment option that can be an alternative is to open a savings plan at the bank.