Types of Gold Investment – To get a profit, many people start investing in their lives. Investment has many types. There are those who invest by using goods or directly with money
Explanation and Types of Gold Investment
1. Gold Certificate
Gold certificates are one of the precious metal investment instruments that are in great demand by many people. Unlike other types, gold certificates do not focus on physical metals, but rather a certificate. The letter proves ownership of gold in a bank and can be sold at a fairly high price.
2. Gold Bars
The next type of gold investment is bullion. Gold bullion is the right type of investment for those of you who plan to take long-term investments.
The products are timeless and easy to trade. You can find institutions that offer gold investment anywhere, from Pawnshops or other BUMN agencies.
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3. Gold Jewelry
Easy and practical, this type of gold investment is more loved by the lower middle class who do not have access to technology. It’s easy, you just need to buy gold jewelry and store it until the gold price is at its peak.
This method has proven to be profitable and has been used by various levels of society, be it office workers or farmers. Jewelry investment can not be done in the short term.
The reason is, when you buy gold at a jewelry store, you will pay the cost of making gold. If you sell it in the short term, you will not make a profit, because the buyer will only buy the price of gold. By storing gold jewelry in the long term, the price goes up and covers the cost of making the gold paid.
4. Gold Mining Stock
This precious metal investment follows the stock market price. If the gold market conditions are good, the value of the company’s shares will move faster.
The price of gold automatically soared. Even though it is quite profitable, you must remain vigilant in choosing a gold stock company. Make sure the company is registered and has legality from the Financial Services Authority (OJK).