Pegadaian Boss Reminds Not To FOMO In Gold Investment

JAKARTA - President Director of PT Pegadaian Damar Latri Setiawan appealed to the public to invest in gold not just because of participating or fear of missing out (FOMO).

"It is also seen the fundamental influence that affects the price of gold. Investors must be careful to judge this matter, don't just follow suit," Damar said, quoting Antara.

Damar underlined that gold is a long-term investment instrument, not for trading or short-term investment.

In the long term, he continued, gold has proven its value to follow even beyond inflation. Gold prices have also risen amid global economic uncertainty, geopoliticals, import rates from the Donald Trump era, and trade wars.

A number of analysts also predict that the price of gold will still rise until the end of 2025, reaching around $3,400 per troy ounce.

However, this prediction still depends on global conditions and economic fundamentals.

"So, in the near future it is necessary to pay attention to the fundamental influence. However, in the long term, God willing, gold will definitely rise," he added.

On the other hand, the Financial Services Authority (OJK) reminds people who are interested in investing in gold to ensure the authenticity or authentication of the gold purchased, especially for those who want to buy at conventional gold stores.

Director of Development of the Ventura Capital Company Financing Agency, Micro Financial Institutions, and Other LJK OJK, Hari Gamawan stated that conventional gold shops are not financial service institutions, so OJK does not have the authority to oversee conventional gold stores.

"If LJK is like PT Pegadaian which carries out bulion activities, it will be monitored. For gold shops, will OJK supervise? Of course not, because they are not under coverage or classified as financial service institutions," said Hari.