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Gold Prices Drop? These are 5 Reasons Why You Still Buy Gold
Published on 1 Sep 2021
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Gold Prices Drop? These are 5 Reasons Why You Still Buy Gold
Who doesn't know gold? Gold is one of the most popular investment instruments because it is a safe haven, aka minimal risk. Even though some people say that gold is not an investment instrument but only a tool to maintain currency values, gold is still worth buying by anyone.
Especially during the current pandemic, many people are starting to realize the importance of saving and investing. Where people are currently experiencing a lot of financial difficulties, and are just realizing why they didn't save and invest earlier.
And gold still attracts the attention of many people because it tends to be safe, especially in times of uncertainty. And this is proven by the price of gold which is quite stable and even tends to increase from year to year, where the selling price of gold today (09/08/2021) is IDR 851,404/gr, even though before the pandemic period in Indonesia (1/03/2021) the price of gold is in the range of Rp. 726.018/ gr.[1]
Some time ago, world gold prices were expected to weaken due to the US Central Bank, also known as The Feds. This was quoted by CNBC on Tuesday 27/07/2021.[2]
However, that does not mean that gold and other precious metals are no longer valuable. There are still several reasons why saving gold or buying it in the future will still be the right choice, including:
1. Gold is Liquid
Gold is a liquid asset, meaning it is easy to sell and turn into cash. Whenever we need a certain amount of money, while our account balance is insufficient, we can sell our gold at the nearest gold shop.
2. Gold trading is easy to find
In Indonesia, we will easily find gold shops in various places. We can find it in malls, markets, or even on the roadside.
For those who are still confused about investment and technology, or their area has signal problems; which makes it difficult for them to invest online, then gold is an easy choice. Please come to the nearest gold shop, bring your money, and buy gold as you wish.
3. Investment instruments with minimal risk
As we mentioned earlier, gold is a low-risk investment instrument. Moreover, for the long term, gold prices tend to rise. Therefore, for those who do not dare to take risks, then gold is their first choice. Maybe the profits are not as big as other instruments, the important thing is that their assets are safe from inflation.
Even though some time ago there were rumors about a decline in gold prices, there is no need to worry. Many experts say that the decline will only be temporary, and gold prices will remain stable for the foreseeable future.
4. Tangible
For some circles, especially old school lovers, the physical appearance of an instrument is an added value. Instead of investing in numbers and securities that have no physical form, they prefer to buy gold that does have a physical form. With gold they feel they actually have something of value, not just a dizzying computer game of numbers.
5. Affordable
This is one of the main reasons why gold remains a valuable asset. Currently, we can buy 0.5 grams of Antam gold at a price of around Rp. 530,000. Even today we can find very affordable MiniGolds. Prices start from around Rp. 70,000 with sizes of 0.05 grams, 0.1 grams, 0.25 grams and 0.5 grams.
And like other precious metals, MiniGold has also been officially certified and tested. The price also follows the price of gold in general on the market.
These are some of the reasons why we can still trust gold. No need to panic, God willing, gold will still be the choice for many people. Are you interested in buying gold?
References:
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