Want to Invest in Gold? Know the Following Tips First

Investing in precious metals, specifically gold, can be a simple and effective choice for anyone looking to secure their future.

Whether you have medium or long-term goals, like education or homeownership, gold can provide a reliable source of returns over a period of at least five years.

Additionally, it is easily liquidated and the price tends to increase. Even if there are temporary dips in value, the overall loss is not significant.

Gold on the market is typically sourced from PT Aneka Tambang (Antam) and PT Untung Bersama Sejahtera (UBS).

The price difference between the two is minimal, with UBS gold being slightly cheaper, and both have a gold content of 99.99%.

However, Antam gold is internationally certified by the London Bullion Market Association, while UBS gold is nationally certified by PT UBS. Despite this, the buyback price for both types of gold is similar.

If you are committed to investing in gold, it is advisable to consider the following tips to get the best price.

Check Gold Price

Before making a purchase, it is advisable to check the current gold prices on the official Antam Gold Boutique website, Pegadaian, marketplace, or trusted gold shop.

These sources typically provide information on the price of gold per gram, half gram, five grams, two grams, and up to 100 grams.

It is a good idea to compare prices and also stay informed about the latest economic news, particularly as it relates to gold, as domestic gold prices can be influenced by global gold prices.

Choose Investment Method

Once you have checked the gold price, you can decide on your investment method. You can opt to buy physical gold directly from Antam Gold Boutiques or trusted gold shops, open a gold savings account at Pegadaian, or invest through a marketplace.

The advantage of purchasing physical gold is that you can take it home or store it yourself immediately. With a gold savings account, you have the option to pay in installments or save as much as you can, and the account will convert your funds into a corresponding amount of gold. However, if you want physical gold, you will need to pay a printing fee.

Regardless of the method you choose, investing is a way to manage your finances and ensure the security of your future and that of your family. It is also important to consider personal protection, such as insurance with investment benefits, as part of your financial management plan.

Choose Storage Method

If you choose to buy physical gold, you have several options for storing it, including a safety box at home, a safe deposit box at a bank, a storage option at Pegadaian, or Antam's LM safe deposit box service.

Time to Cash Gold

The appropriate time to sell your gold will depend on your objectives. If you have achieved your goal, it may be best to sell it right away. However, if you are looking to maximize your return on investment, holding onto the gold for at least five years may be a good idea.

As a suggestion, it may be more convenient to purchase gold in smaller fractions of one gram. This is because it can be easier to sell smaller quantities rather than larger ones, such as 50 grams. Good luck with your investment, and remember to check the current gold price.