Gold has been one of the longest known investments in the history of mankind. When people do not know stocks or bonds, this precious stone has represented the amount of a person's wealth. One of the reasons people choose gold is because of its eternal nature and recognized price from time to time.
Until now, gold is still favored by many people to invest because it is considered to have advantages over other investments. Some examples are because gold is resistant to inflation. In addition, gold has a high level of liquidity compared to other forms of investment. That is, when you are in a desperate state, you can only quickly exchange it for cash.
However, did you know that there are some facts about gold that you may not know. Here are some examples that you may be able to make reference to investing in gold in the future.
1. Price of Variable Gold
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| Gold Investing |
Most people think that gold investment tends to be stable and continues to increase every year. In fact, gold investments also experience ups and downs as well as stock prices. The following is a chart comparison between the price of gold and stocks per year.
When buying gold, you also need to estimate the right time to resell it. As much as possible you need to know when the selling price of gold is higher than when you bought it. Therefore, gold is referred to as a long-term investment. You have to be patient to wait for the selling price you are looking forward to if you intend to actually resell it.
For that, it would be better if you improve the quality of the investment by buying 24 carat gold, with a purity of 99.99%. It would be even better if the gold you have has a certificate. You can buy reliable gold, for example in Antam. In addition to being more valuable, the gold is also easier to resell.
2. How to Store Gold Different from Others
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| Gold Investing |
When buying gold, you will get the physical form of the gold itself. For that, you need to pay attention to where you store it. Gold has properties that can be sold at any time, there is no need to wait for confirmation from the previous owner. Therefore, gold becomes a vulnerable item to be lost or stolen if the owner is negligent in terms of storage.
For that, you can store gold in a place that you can trust fully, for example using a safe deposit box available at a bank or pawnshop. The cost of storage also varies depending on the amount of gold you have. For its small size, you need to prepare funds starting from Rp700,000s. The price is a rent per year including with a key guarantee.
Although it is quite expensive, but you will benefit. The gold you store is guaranteed security because it is closely guarded and monitored for 24 hours. You can also access it at any time if you need your gold in an urgent situation. Maybe you need to consider using a safe deposit box if the amount of gold you have is already more.
3. There is a Difference in Gold Purchase Volume
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| Gold Investing |
There are advantages and disadvantages when you choose to buy gold in large or small volumes. We know that the price of each gram of gold will be cheaper if you buy gold in large quantities. However, for that you also need to prepare a large capital. Maybe for that, you need to raise funds a few months.
This is different if you buy gold with a small amount of grams, for example 1 gram every month. Although you will be charged a more expensive price for the purchase of each gram, you can sell it faster compared to larger gram-sized gold, for example 100 grams. That's because the demand for large gold bullion is not as big as small gold.
For that, you need to adapt to your needs. If you do use gold as a full investment, you can buy large size gold. However, if you also use gold to be disbursed at any time, you better also need to have a small gold stock.
Gold Investment is very profitable
Although it has a number of risks that sometimes make people prevent using it as a guarantee tool for the future. In fact, gold is still highly loved as a long-term investment tool. In addition, the risk factors are also lower than other types of investments such as stocks, mutual funds, obigasi, and others. Interested in making gold as an investment tool?
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