Get to know 7 types of gold that are good for investment in Indonesia

 

Photo illustration of types of gold for investment, by Michael Steinberg ( pexels )

 Some types of gold are suitable as investments, but not all of them.

Have OCBC NISP friends known what types of gold can be used as investments?

From the past until now, gold is still a luxury item that can be used as a savings or investment in the future.

This is because there are many benefits to be had if you start investing in gold. One of them is its value which continues to increase and is not easily affected by inflation.

However, in order to get a lot of profit, OCBC NISP friends need to know which types of gold are suitable for investment.

Therefore, let's look at the following description to find out more about the types of gold that are suitable for investment!

Good Types of Gold for Investment

Gold is one of the precious metals and is a luxury item that has long been used as jewelery or an investment asset for the future.

Apart from its attractive appearance, gold is often used as an investment asset because its price continues to increase.

Even so, not all types of gold are suitable as investment savings.

The reason is, there are several types of gold whose value will actually decrease over time.

Therefore, you need to know what types of gold can be used as profitable investment instruments.

The following are the types of gold you need to know:

1. Gold Bars

The first type of gold that is suitable and often used as an investment asset is gold bars.

The reason this type of gold is suitable as an investment is because the pure gold content in it has levels of up to 24 carats.

That is, the gold contained in it reaches 99.9 percent. Unlike the case with other types, such as jewelry, because they often use various metal alloys.

You can buy gold bars in various sizes starting from 1 gram, 2.5 grams, 5 grams, 10 grams, 100 grams, 500 grams, 1 kilogram, and so on.

Furthermore, please note that the physical form of this type of gold is only in the form of bars.

It is not suitable to be converted into various forms such as jewelry because almost all of its content is gold which is soft so it is easily damaged.

2. Gold Dinar

Apart from being in the form of bars, the next type of gold that is often used as an asset is the dinar.

The dinar itself is gold in the form of coins which have long been used as a means of transaction in Middle Eastern countries.

Even so, the dinar is more popularly used as an investment instrument compared to a transaction tool in Indonesia

Like gold bullion, the dinar is suitable as a long-term investment tool because of its high pure gold content.

In Indonesia alone, there are two types of dinars, namely 22 carat (91.7% gold content) and 24 carat (99.9% gold content).

3. Gold Jewelry

The next type of gold is in the form of jewelry. Many people use it to be used as well as an investment tool.

However, this type of gold jewelry is actually not recommended for investment.

The reason is, the costs that you incur are not only to buy the gold, but there are also manufacturing costs.

Gold jewelry also contains other metals such as zinc, copper, silver, and so on.

The content of other precious metals is used to make up for the lack of soft gold so that the jewelry can be strong, scratch-resistant, and durable.

As it is used for various activities and for a long time, the quality of the various metal alloys will decrease.

This is what causes the price of gold jewelry to shrink so that the selling price is actually below the purchase price.

4. Local Gold

The next type of gold that can be used as an investment instrument is local gold.

The local term is used because the process of making and refining gold uses home industry methods.

Because local gold is made by individuals or small groups of people, the price can vary depending on the area where it is produced.

Each regional location also has a different level of purity, so this is one of the factors that determines the local gold price.

5. Ancient Gold

Gold has long been considered a valuable item, so that ancient people often used this precious metal as a material for making various luxury items.

Until now, these items have been collected and collected by collectors from all over the world.

Of course, apart from being a display and collection, ancient gold can also be an investment. The historical value possessed by these antiques is very valuable.

Thus, the sale value of ancient gold becomes expensive.

6.Gold Granule

Granule is a type of gold that has a physical form in the form of powder and has a fine texture.

You can't get granulated gold at a regular precious metals shop because it's not bought and sold anywhere.

To get it, you need to go to a gold product craftsman. The use of granules is to make various types of gold-based jewelry.

7. Gold Online

Do you know what online gold is? Yes, because to technology advancements, you can now buy this valuable metal online.

Without having to physically visit a precious metals store, you can purchase gold online.

Nonetheless, you must continue to remain watchful and alert to prevent falling victim to hazardous scams.

With services offered by banks, pawn shops, or other financial services firms, you can purchase gold online.

So, that's a description of the types of gold that are good for investment. Of course, each type of gold has its own characteristics, advantages and disadvantages.

So, make sure to choose the one that best suits your needs and buy it at a trusted place to guarantee authenticity.

Also Read : Investing in Gold Vs Stocks, Which Makes You Most Profitable?