Why gold is a good investment
The gold bar is also known as gold bullion or ingot. Based on Wikipedia “A gold bar, also called gold bullion or a gold ingot, is a quantity of refined metallic gold of any shape that is made by a bar producer meeting standard conditions of manufacture, labeling, and record keeping. Larger gold bars that are produced by pouring the molten metal into molds are called ingots. Smaller bars may be manufactured by minting or stamping from appropriately rolled gold sheets.”
To put it simply, the gold bar is that heavy shiny golden-colored brick. The gold bar is an investment that everyone has to consider. It may be old-fashioned, it may be traditional, but it can be your FIXED ASSET. There is a saying,
“The older the gold, the precious it’ll be”
That is true! Gold bullion has been one of the most safest and fixed investments ever.
How will Gold Bar benefit you?
1.The price of gold NEVER FALLS. I know all of you might be thinking “no, the price of gold decreased today”. Or ‘Ohh noo, the price of gold drops!”. But have you ever seen the price of gold bullion over the past 10 years? Let's take a look at this graph.
The price of gold over the last 10 years, has increased. Despite some prices that fell hard, but yet if you are someone to invest for the long term (meaning having extra money, or you are someone who has been working very extremely hard, investing in a gold bullion will be a great choice of investment)
2. 100% guaranteed to protect you from inflation risk. With the prices of fuel, coal, and currency that change over time, what IF, the currency of the following country, fell? Or that a certain country changes its currency or release
3. Selling and Buying gold bullion is EASY! This might sound shocking. The stereotype about gold bars is that buying is EASY, and selling it is VERY DIFFICULT. Well, guess what, selling gold bullion is actually easy. Especially in Asian countries such as Indonesia, the seller will open the gold bar company website and calculate your gold price based on the “BUY” price.
- P.S: In Indonesia price of the gold bar depends on the type, brand, and weight of the gold. In Indonesia, some of the most popular brands are ANTAM and UBS. but recently new brands of gold bars are in the market such as LOTUS ARCHI, PAMP, Galeri24, and Wonderful Wish. Each of these brands offers competitive prices in the market and on their official website. But gold bar transaction also depends on the certificate year. So basically, the newer / the more recent release, the better the price. That doesn't mean an older version will cost way cheaper, it’s just slightly less than the price of the new release year. (I am not an affiliate nor am I promoting those brands. I’m just providing information on how gold transactions happened in Indonesia. But I sure hope this helps to give you a better picture of it. :) )
4. Less maintenance. One of the best benefits of investing in gold is LESS MAINTAINENECE. Say goodbye to administration costs, selling taxes, and handling fees.
5. Affordable for everyone. Because gold bars come in different sizes, anyone can buy them based on how much money they have. Investing in real estate is also one of the most popular options today. But, not everyone is capable of purchasing land. I do apologize if this seems rude, I know a lot of people in the world are also capable of investing in properties but I’m actually saying this from personal experience. Personally, I am working as hard as possible because I’m trying to pay my yearly installment for a house. When everything is going smoothly, I pay my yearly installment ON-TIME with a smile. But when something happened (i.e. car problem/car repair, hospital bills, natural causes, losing a job,), it can be a little tight.
Why invest in a gold bar?
Here comes the ultimate question, WHY? There are so many other things to invest such as cryptocurrency or insurance savings. That both is actually a great idea but isn’t it great to invest in something that you can hold? There is a saying “Big things always started Small”. It might be painful to purchase gold bars, but the return is high. What you buy small, will someday be big. And I can guarantee you that 1000%.
Ever have a problem saving up money? So you got your monthly salary. Suddenly, you went to the mall and promised yourself to JUST WINDOW SHOP. But at the end of the day, you can't hold back yourself and end up buying new shoes or an amazing bag or those super cool gadgets. In the mid-month, your money is just enough for you to pay rent, tax, electricity, water, subscription, wifi, and personal needs. What happened to the money you planned on saving? Sounds familiar? (ngl, actually that is one of my problems.) So, how do you avoid this? You want to save money but you want your savings to grow. The gold bar would be your answer. Imagine if you buy 2,5 grams of gold every month after you got paid. You did it for the next 12 months. By the end of the year, you will have 30 grams of gold bar.
Imagine that every time you got your monthly salary, you spend ¼ of your money to buy gold. You did it since 2002 and keep doing it till 2020. If you refer to the graph below from the Trustable Gold,
the price rapidly increases. By now, you must be a super-rich person. Gold, IS a great investment.
