One of the benefits of Gold compared to other forms of investment is the price is stable, not affected by inflation, tend to follow oil prices and can be bought with capital that is not too large. With these advantages, the gold became one of a very profitable investment methods.
Many people who understand the benefits of this gold investing. But still many who do not understand well the ways to start investing. If you are interested in choosing gold as an investment material, the following points can open up your knowledge and courage to start a gold investment that will increase your wealth.
- Long-term investments. If you invest in gold for the short term, will usually be difficult to be profitable, because the gold price has not been able to bring a high price. Gold investment would be more beneficial if done in a long-term (5-10years), because price increases will be very high. It is already evident from the development of the gold price since 1930
- Gold investment is a pretty good investment in the form of gold bullion or coin than gold jewelry. Gold bullion or coin is easy to resell and gold does not ask the cost of manufacture as well as gold jewelry. Thus, there is no harm if you are considering an investment in the form of gold bullion.
- Before investing in gold, you should consider the financial capability. Do you have sufficient funds and cash can be invested in the long term? Do not let your funds are invested in gold, sudden short-term needs arise in the middle of the road that eventually force you to sell gold soon. This can be disadvantageous.
- If you want to buy gold in physical form, then the best option is to buy gold of international production, such as products of South Africa, Switzerland, Russia,China, Australia, and so on. Reputable manufacturers usually have a seller's agent scattered in various places.
- When you buy gold, you can buy to keep themselves safe by adding an insurance course at any time if there is theft, fire, riot or other protection to ensure security for your gold. If you feel worried, you can rent a safe deposit box in the bank with a relatively low annual fee.
The thing to remember is, if you save the gold in the form of coins or bullion, you must be careful because the coins you can experience the oxidation that causes discoloration.