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February 3, 2013

8 Tips to Invest in Gold



This time, I wanted to share information on tips for investing in gold especially in Indonesia. Along with economic growth, gold is the only precious metal that has a movement of change in the price of the most stable compared with other economic goods.
Gold is one of the many popular forms of investment. That's because, precious metals are not affected by inflation. If you choose to invest, buy gold in the form of bars or coins. But to simply collect and keep watch at a time when difficult financial circumstances, can choose the form of jewelry. Quoted from various sources, here are some tips to invest in gold.
  1. What is Your Goal Buying Gold?
Before buying gold, first set your goals. If you want to invest, choose gold bullion or coins, because of the relatively large intrinsic value. As for the jewelry as well as savings, it can choose the gold that has high levels. For gold jewelry, relatively higher resale value if the sheen is still very well preserved.
  1. Check Current Gold Prices
The price of gold is different every day, so you must check it in the market. Open sites that specialize for this. In Indonesia there are several sites like logammulia.com, pegadaian.co.id or harga-emas.com. On this site you can see directly the prices of gold according to its kind. PT. Antam even announced the price of gold twice a day. Gold prices announced by PT. Antam that is the benchmark gold price nationwide.
  1. Where to Buy Gold
Buy gold in a store that has a clear reputation. It is useful to provide a sense of security and good quality. Note also the resale price in the store, not to resale price dropped dramatically. Avoid buying gold at the same price as stated in the letter. For recommendations insured, certified, choose PT.  Antam or Pawnshop.
  1. Check Gold Physical State
In choosing gold, preferably a zoom green spotless pores. The sign of gold has not washed properly and still leave residual chemicals that can cause allergies. If you choose to buy gold in the form of jewelry, check if there are scratches well, basin or other defects. Because when you want to sell it back, this will affect the price.
  1. Ask the Gold purity levels
According to the harga-emas.com, the international standard gold purity levels were as follows: 24 carat gold is pure gold (99.99%), 22 carat gold has a composition of 91.7% and 8.3% mixed with other substances (usually silver material), 20 carat has composition 83.3% gold, 18 carat gold has a composition of 75%, 16 carat gold has a composition of 66.6%, 14 carat gold has a composition of 58.5%, 9 carat gold has a composition of 37.5%.
  1. Keep the Good of All Forms of Letters
Upon purchase, you will get some letters such as invoices, purchase gold certificates to the memorandum. Keep all letters obtained by either, as it will be required as will be resold. If your documents are lost, you can fall in gold prices. Store in a plastic along with gold and then sealed.
  1. The True Gold store
Having gold is tantamount to store valuables or savings. If the gold is stored in the house is not too much, use a box or personal safe. If gold is quite a lot (1kg bars up), it should be kept in a safety deposit box at the bank. The cost is not too expensive, and vary from one bank to another.
  1. Gold as Insurance
Take it to a pawnshop and get a guarantee, gold can be redeemed once you have the money. In this case the better gold pawned, not sold, because if you buy a new gold with the same size and degree, not necessarily cost the same.

Gold investment has a bright future. Be careful when you begin in this side, make sure everything for investing.

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