invest in gold
invest in gold

5 Easy Ways to Invest in Gold for Beginners

Already have a steady income does not mean your future is guaranteed. To ensure that your future will be better, there is one action that should be taken early on, namely invest in gold. Investing in any form, must be done while you still have a steady income. There are many types of investments to choose from, from stock investments, deposits, land, to gold. This last type is an investment choice that is on the rise during this Covid-19 pandemic. There are several ways to invest in gold that can be done.

Gold is not only popular as jewelry, but is also a very profitable investment option. What’s the article? Because gold is an item whose price tends to rise and rarely decreases in significant amounts. One example is what is happening now during the Covid-19 pandemic. Gold prices have increase significantly. Now gold is being as an investment tool so it is important for you to know how to invest in gold.

Due to its increasing popularity, many people are starting to turn to gold investment. No need to worry if you are one of those who want to invest in this precious metal but don’t know how to invest in gold safely. But actually how to invest in gold that is safe for beginners? Here’s the review.

Safe way of invest in gold for beginners

Make sure the purpose of invest in gold

Before you start investing in gold, make sure you know what you are investing for. The safest way to invest in gold is to know well the purpose of investing. There are many goals that can be used as targets in investing in gold, whether for marriage savings, education, or investment in old age.

Or for example, you have targeted that in the next 10 years you will stop working and start your own business. Then the income from your salary is partly set aside and invested in gold. If you already have a clear goal like this, then you will know better how much invest in gold each month. That’s the first safe way of investing in gold for beginners.

Monitor the development of gold prices regularly

The next way to invest in gold is to monitor the development of gold prices on a regular basis. Currently, it is not difficult to monitor the development of gold prices. Many sites on the internet that display the development of gold prices every day. Then there are also applications on mobile phones that can display the development of gold prices.

What is your goal in monitoring the development of gold prices? Even though gold is known as the most stable investment tool, sometimes it also experiences a decline in price. Although rare, it never hurts to buy it. Then when suddenly the price of gold soars, you also have the option to then sell it. However, it should be understood that gold investment should be made for the type of long-term investment that is within a period of 5-10 years. That’s the second way of investing in gold.

Buy gold in a trusted place

The next way to invest in gold is to know where to buy gold. There are several places that sell gold bullion to invest. But you should buy gold in places that sell it officially and reliably. Official, namely selling gold by including the letters and certificates because there are gold sellers who provide the precious metal in a fast way but are not included with the certificate. Only gold bars.

One of the places that is recommended and includes how to invest in gold is to buy it at PT ANTAM. You can buy it directly at gold sales outlets at the PT ANTAM office or e-commerce sites that do sell gold from PT ANTAM officially. Then you can also buy and open a gold savings account at PT Pegadaian. Both are State-Owned Enterprises or SOEs so that sales are more reliable.

Safe gold storage

Furthermore, how to invest in gold that is easy for beginners to follow is to pay attention to where it is stored. One of the tips or ways to invest in gold is that you also have to understand a safe place to store gold. The easiest way is to store it at home in a safe or safety box. If you feel unsafe, you can also store it in the Safe Deposit Box (SDB) offered by the bank. Of course, if you choose 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 goods and other securities such as house or land certificates.

Invest in gold need future focus

The next way to invest in gold is to focus on the future. You must understand that investment is a savings for the future, whether it is short-term or long-term, which can be 10 to 15 years. So when making investments, including gold investments, you need patience in seeing the results. Gold investment is very suitable as a long-term investment so that the results will only be felt at least the next 5-10 years. Remember, investing is different from buying and selling which aims to make a profit in a short time. Therefore, in investing in gold, you must focus on the goals and future you want to achieve. So, focusing on the future is a way of investing in gold that you can apply.

Those are 5 tips and ways to invest in gold that beginners can follow. Gold is still favored by most Indonesians as an investment tool. So it is important for those of you who want to invest to understand how to invest in gold. As mentioned earlier, one of the reasons is that the price is relatively stable and even tends to rise. Apart from price stability, there are still some advantages to investing in gold. Anything? Here’s the review.

Invest in Gold have two advantages

Easy to melt

The first advantage of investing in gold is its high level of liquidity or its easy-to-liquid nature. This means that gold is easily melt down into cash if at any time you need cash for certain purposes. Comparing with other investments such as land or houses, gold certainly has a higher level of liquidity.

Protect wealth

Next is gold investment means also protecting wealth. This can be seen from the price which is stable and tends to increase. For example, if at any time inflation or economic crisis occurs, the price of gold tends to increase. This is very different if you only keep the money in cash. When the economy is experiencing inflation or an economic crisis, the value of the currency can also weaken.

Those are the two advantages of investing in gold in addition to its price stability. After knowing how to invest in gold and the benefits, it never hurts to start investing in gold. The methods of gold investment mentioned earlier are not difficult to implement. One thing to remember is that any form of investment is important to ensure a better future. In addition to investing in gold, another investment option that can be use as an alternative is to open a planning savings account at a bank. One of the banks that offers a variety of planning savings products is CIMB Niaga.

Planning savings products include GOAL Savers. GOAL Savers helps you prepare for the future by providing time savings with a daily/weekly/monthly regular deposit system. The advantage that can be obtained in GOAL Savers is that the time is flexible, which is free to determine the period of savings and the amount of regular deposits.

There are many other savings products by CIMB Niaga, such as OCTO Savers, CIMB Niaga Xtra Savings and CIMB Junior Savings. For more information about savings products at CIMB Niaga, please click here.

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