16 Jul Here are 5 Mistakes of Gold Investment You Should Know
Gold is one type of precious metal that has long been known as a symbol of wealth and best investment in the world, . The value of gold investment tends to increase in the long run and can provide a favorable rate of return. As well as jewelry in the form of rings, necklaces, bracelets and so on that are favored both women and men.
Good steps for gold investment
Although gold investment is relatively safer, you still have to pay attention to a number of conditions so as not to make mistakes when investing. Avoid these gold investment mistakes.
- The purity of gold. If you want to buy jewelry made of gold, first thing you should be aware you have to check by yourself the purity of gold, because it mixed with other metal. This is very different from investing in gold in the form of bars, where you can get pure gold without any other mix. We recommend that you buy pure gold in the form of bars if you willing to have gold investment.
- Compare the price. Do not rush when buying precious metals. Before making a gold bar purchase, it is important to compare prices in several trusted places in order to get the best price. Do not let you lose because there are sellers who raise gold prices too high.
This is very important, especially for those of you who do not monitor the movement of gold prices.
- Gold is a precious metal that is easy to carry and move. This is what makes gold more at risk of being lost and stolen by others. When deciding to invest in gold, it is important to have a special depository or can rent a depository at a bank.
- Do not buy gold as a jewelry and to look attractive when it comes to parties. If you have a goal to get returns in the future, then you should buy gold in the form of bars. Buying gold bars is much more profitable because you will not be charged with the cost of making it when you sell it again. One type of quality gold bar is gold which has a 99.99% and certified. Do not forget to save gold over 2 years so you can get better returns. If you buy gold to get profits in the short term, then gold is not the right choice. It is better to choose an investment location that can provide optimal returns in the short term.
- Monitor the price movement of gold. Gold price movements play an important role when you are going to sell or buy gold. Therefore, you as an investor must make sure to buy gold when prices are low and sell them when prices have risen. Do not sell gold when the price is below the purchase price because it can make you lose money.
Gold investment placement
There are so many ways to save your asset in gold investment, one of placement for your gold is in broker. So many broker with a lot of facilities, but we have to make sure the spread and commission. We must find a unique broker, in addition to being able to secure our assets in this gold investment. Brokers who are famous for no swaps and commissions are the most sought after by all traders. In this XM broker you will get everything.
What are the benefits? A lot of bonuses that you can get by trading on XM. You can also get a credit bonus if you are active in trading that you immediately get after you exchange it in your trading account