5 Gold Investment Mistakes that can Harm Yourself

gold for investment

Gold is a type of precious metal that has long been known as a symbol of wealth and is one type of investment to protect the value of wealth.

Gold itself as an investment instrument is a safe haven, which means that its value will not experience a significant effect when the world economy is in turmoil.

In fact, the value of gold also tends to increase in the long run and can provide a favorable rate of return.

This is because gold investment instruments seem to be a choice across generations.

Starting from the generation of parents to us, all like this gold investment instrument.

Well, even though gold investing is relatively safer, you still have to pay attention to several conditions so you don't make gold investing mistakes

Then, what are the things that you should avoid so you don't get caught up with gold investing mistakes?

1. Not Checking Gold Purity

When buying gold in the form of jewelry, you will definitely get gold with a mixture of other metals.
This is very different from investing in gold in the form of bars, where you can get pure gold without any other mixture.

We recommend that you buy pure gold in bullion if you have an investment objective, so you can avoid making gold investment mistakes.

2. Do not have adequate storage

Gold is a precious metal that is easy to carry and transport.

This is what makes gold more likely to be lost and stolen by others.

When deciding to invest in gold, it is important to have a special storage area or you can rent a storage area at a bank or pawnshop.

Don't have a special place to store gold?

The solution is currently there is such a thing as saving gold or investing in digital gold.

Where you can invest in gold online, without having to save physically.

Of course, this is considered safer, because it reduces the potential for gold bullion to be stolen by other people.

However, because this concerns investment assets, when choosing a platform to invest in digital gold you must really ensure the track record of the company.

Do not let, you just choose and make the inevitable mistake of investing in gold.

3. Not Comparing Gold Prices

gold for investment

The next mistake of investing in gold is rushing to buy gold. 

Therefore, before making a gold bullion purchase, it doesn't hurt to compare prices in several trusted places in order to get the best price.

Don't let you lose because there are sellers who raise the gold price too high.

This is very important to do, especially for those of you who don't monitor gold price movements.

4. Wrong Investment Objectives

Do not buy gold to be used as jewelry to make it look attractive when it comes to parties.

If you have a goal of getting future returns, then it's best to buy gold in bullion.

Buying gold bullion is much more profitable because you will not be charged a manufacturing fee when selling it back.

One type of quality gold bullion is gold that has an Antam certificate of 99.99% which is widely available in Antam pawn shops or boutiques.

Don't forget to save gold for more than 2 years so you can get better returns.

Gold itself is a type of long-term investment, which means that the benefits can only be seen after a minimum of 5 years.

5. Not Monitoring Gold Prices

Gold price movements play an important role when you are going to sell or buy gold.

Therefore, you as an investor must make sure to buy gold when the price is low and sell it when the price has increased.

Don't sell gold when the price is below the purchase price because that can make you lose money.

So, to avoid this, KoinGold has various features such as a subscription feature and an Auto buy-sell feature.

The existence of these features will really help you to invest in gold, the amount of which you can adjust to your goals, desires, or preferences.

Those are 5 important things to pay attention to when you are going to invest in gold.

Gold is included in long-term investment, so make sure you invest in gold over 2 years or more. 

0 Response to "5 Gold Investment Mistakes that can Harm Yourself"

Post a Comment

Iklan Atas Artikel

Iklan Tengah Artikel 1

Iklan Tengah Artikel 2

Iklan Bawah Artikel