For Young Mothers Who Want To Invest In Gold, First Check These 5 Tips!

Illustration. (Photo: Doc. Antara)

JAKARTA - Investment is one of the ways to create a prosperous finance. Now, investment options are increasingly diverse, and one of them is gold.

Currently, gold is still an attractive investment instrument for some people despite experiencing a decline in prices in the last six months.

For young mothers who are just starting to invest, gold can be an option. Apart from minimal risk, the price of gold also tends to be stable compared to other investment instruments.

In everyday life, everyone will inevitably be faced with various interests, such as buying a house, paying for their own education or for their children. Therefore, it is important to make investments.

Here are tips for investing in gold for young mothers:

1. Record All Income

Record all income, both regular income and non-permanent income, if any. For example, if you have a side job or open a grocery store at home) the amount usually fluctuates or fluctuates every month. So, calculate the average variable income.

2. Calculate Fixed Expenses Each Month

Calculate all fixed expenses each month. Such as electricity costs and other expenses. Then reduce expenditure items that are not so important, for example, budget items for trips. In order to invest, investors must have the heart to themselves by cutting the budget for unnecessary items.

3. Determine the Amount of Funds Allocated

Determine the amount of funds that will be allocated to buy gold bullion. From the record of income and expenses each month, one can know how much money should be set aside to buy gold bullion as an investment.

It is recommended that the funds set aside are 10 percent of total income. However, if it is more, the better, because there will be more funds that can be used to invest.

4. Buy Gold Bars in Trusted Places

Buy gold bullion in a place you can trust. Currently investing in gold can not only buy by coming to a gold shop but also online. It is recommended to buy gold bars from 5 gram pieces.

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One of the online gold investment services provided by PT Aneka Tambang (Persero) Tbk through Brankas LM. Brankas LM is a service for purchasing and storing Antam's LM gold by the Precious Metal Processing and Refinery Business Unit (UBPP) which is one of the business units at PT Antam.

How to register is quite easy, you can do it by visiting a branch office. You will be asked to fill out a registration form and attach documents including KTP, Taxpayer Identification Number (NPWP) and Family Card for the purposes of the heirs.

For registration, you will also need to pay an annual fee which varies depending on the type of membership which will determine the maximum amount of investment allowed. For example, an individual gold with an annual fee of IDR 300,000, and a savings limit of 500 grams.

Apart from Antam, online gold investment can also be done through the Pegadaian application. You must complete the terms and conditions needed to open a Gold Savings account at a Pegadaian Branch Office.

Finally, through e-commerce such as Bukalapak and Tokopedia. At Bukalapak, you can invest in gold with the BukaEmas feature with a minimum investment of 0.0001 grams. You need to register yourself in a Bukalapak account if you want to make transactions at BukaEmas.

Meanwhile, at Tokopedia, the online gold investment service that can be used is Tokopedia Emas. In collaboration with PT Pegadaian (Persero), Tokopedia Emas allows you to convert gold purchased from the application into physical form. The gold will be deposited in Pegadaian and safe because it is under a State-Owned Enterprise (BUMN) and supervised by the Financial Services Authority (OJK).

5. The Right Time to Buy and Sell Gold

As a reference, the basis for selling or buying gold, it's a good idea to apply the classic gold investment technique, namely by buying Antam's gold bullion when the price is cheap enough and selling it when the gold bullion price has gone up and has a considerable price difference.

Meanwhile, Pegadaian recommends consumers to find out the factors that affect the price of gold first before buying and selling gold. One of them is the amount of the US dollar exchange rate.

Gold prices tend to rise when the rupiah exchange rate against the US dollar is weakening, and vice versa. Therefore, it is a good idea to be diligent in reading news about global economic developments because it can have an impact on the buying and selling value of gold.

Before selling or buying gold, first, make sure you understand the gold grade or gold carat before the transaction. This is because the gold content affects the buying or selling price.

Then, check the purchase price and buyback, because the price is different. Do not forget, compare the prices of each shop. This is because not all shops buy gold at high prices due to the application of different criteria.

Third, apply classic gold investment techniques. Fourth, if you sell large amounts of gold, you can go to a certified asset appraisal service office.

Finally, before selling gold, make sure that the packaging or certificate is not damaged or lost. This is because you will be subject to a discount in accordance with the applicable terms and conditions.

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