5 Gold Investment Tips For Beginners

Gold investment is one of the most profitable capital options. Then, how to invest in gold that is safe for beginners?

Reporting from fortunebuilders.com, according to The Motley Fool, about half of the world's current gold demand comes from jewelry.

With the other 40 percent being demand for physical gold investments, such as gold coins and gold bullion.

For those of you who want to start investing, gold is the right choice. Apart from no interest being paid, the losses from this gold investment are also small.

However, novice investors should consider their initial capital, desired return, and desired level of risk before starting.

The following are tips for novice investors in starting gold investment:

1. Determine what your investment goals

are. There are many investment goals, ranging from retirement savings, preparation for children's education, to preparing for marriage expenses. By having a goal, you can easily target how much income should be set aside for gold investment each month and the time period.

2. Always check the price of gold

When the price of gold has decreased, it becomes the best moment for you to buy gold. Then when the price of gold rises, you can resell it. However, it is recommended for you to invest in gold in the long term of about 5-10 years so that the results are maximum.

3. Choose a trusted place to buy gold.

Investment has a high risk of loss and fraud, including gold investment. That's why you have to make sure the place you buy gold is trusted. Check certificates and papers. Examples of trusted places are pawnshops and PT Antam.

4. Store gold in a safe place

To be more secure, you can store gold in a home safe or Safe Deposit Box (SDB) at a bank.

5. Must be consistent and patient

To gain profits, you must be patient, consistent, and stay focused on the goal. Remember, nothing is instant.

So, those are the tips for you beginner investors who want to invest in gold. You can apply this when you start investing in gold .

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