YOGYAKARTA Gold or precious metal is an investment instrument that is safe and easy for anyone to do. However, you still have to know how to invest gold to make maximum profits.
Gold is considered a profitable investment because its prices tend to rise and rarely fall in a significant amount. In fact, during the COVID-19 pandemic, the price of gold experienced a significant increase.
If you are interested in investing in gold, but do not yet know how to invest in gold that is safe and profitable, there is no need to worry. We will explain how to invest gold to make a profit.
Compiled by VOI from various sources, Monday 5 August 2022, here are how to invest gold so that you can get maximum money:
1. Determine the purpose of investing in gold
The first thing to do before buying a precious metal is to determine the purpose of investing in gold, such as wedding savings, education funds, obtaining business capital, and so on.
For example, you want to invest 15 years of money for the needs of your child's education funds. Then, the income from your salary is partially set aside and used to buy gold. If you already have a clear goal like this, then you will know how much money is invested in gold every month and the specified time is achieved.
2. Monitoring the Development of Gold Prices
The development of gold prices is very easy to monitor. Many platforms display the development of gold prices every day. In addition, currently there are also applications that can display the development of gold prices today.
Why does the development of the gold price need to be monitored? Just so you know, even though gold is a solid long-term investment, gold prices can still fall.
Do not let it happen when you want to sell gold, the price of gold actually leads to a decline. Therefore, in order to get maximum profit, you must monitor the price of gold regularly.
3. Focus on the Future
As mentioned above, gold investment includes long-term investment instruments. Therefore, gold investment should be used for the future, such as for the next 10-15 years.
Thus, you must be very patient when making gold investments. The reason is, gold investment is different from buying and selling investment which aims to get a profit as quickly as possible in the short term.
4. Determination of How much Gold Must Be Purchased per Period
In order to make maximum profit, you must determine how much gold to buy per period. For example, the time unit used is the moon, then you need to divide the amount of gold that has been obtained in 180 months (15 years = 180 months).
5. Buy and Sell Gold in a Trusted Place
Buying or selling gold should be done in a trusted place. This means that the gold you buy must have a complete letter and certificate that is considered valid by the government.
One of the most trusted gold buying and selling places is PT NTAM. You can directly visit the gold sales outlet at the NTAM office or through the e-commerce site that provides official NTAM gold.
Even so when you want to sell gold, do it in the same place as much as possible to avoid losses and cheating the seller.
That's how to invest gold to make a profit. Are you ready for gold investment?
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