Media & Information / GOLD INVESTMENT TIPS FOR BEGINNERS
Blog • 27 Aug 2023

GOLD INVESTMENT TIPS FOR BEGINNERS.

Among the proliferation of various investment instruments in this modern era, gold is still relatively popular and in great demand because of its stable value and its price tends to rise from year to year
Among the proliferation of various investment instruments in this modern era, gold is still relatively popular and in great demand because of its stable value and its price tends to rise from year to year. Gold has also proven to be able to protect the value of money and is easy to trade. Investing in gold is not difficult and easy to do, but there are some things you need to pay attention to when starting to invest in gold. Here are gold investment tips for beginners:

1. Choose the gold shape according to your needs

Now there are various options for investing, from jewelry to bullion/physical as well as digital gold. For those of you who want to be able to use the gold you bought, you can choose gold in the form of jewelry while for those of you who don't like accessories, you can choose gold in the form of precious metal pieces (physical) or digital gold. For those who want to be more practical and modern, you can invest in digital gold, while if you have a higher sense of ownership, you can choose chip or physical gold. For those of you who choose jewelry and precious metals, be sure to store them in a safe place.

2. Check gold purity

When investing with precious metals in the form of chips or bars, you will get pure gold without any mixture of other metals. Make sure the precious metal you choose to invest in is issued by a trusted and safe company. To ensure its safety, you are required to choose a precious metal that has a gold authenticity guarantee certification.

3. Choose a trusted gold shop

It is very important to pay attention to the credibility of a gold shop before making a sale and purchase transaction. As a reference, you can see whether the gold shop has lasted more than 5 years or not because it is important to pay attention as a guarantee whether later the purchased product can be resold after many years because gold is a long-term investment. Make sure to always get proof of purchase such as an invoice or purchase letter from the gold shop.

4. Keep an eye on the gold price

When investing in gold, it is very important to know the price of gold every day so that you know when is the right time to resell the gold.

5. Maintain the quality of jewelry and precious metals

If there is damage to jewelry damage to jewelry and precious metal packaging such as being cut or torn, a discount will be imposed depending on the level of damage. For precious metals, care should be taken not to remove the gold from the sealed packaging and damage the packaging to shreds and cuts. Take care of your jewelery and precious metals so they don't lose value when they are resold. Also make sure to save the purchase letter/invoice because this is needed during the resale process.

6. Resell in the gold shop where you bought it

For jewelry, buyback or resale can be done at any gold shop, but for discounted prices follow the policies of each gold shop. For cross-stores, the rebate may be higher which causes a loss. So, to get the best selling price, you should resell it at the gold shop where you bought it.

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