Advantages and Disadvantages of Gold Investments We Must Calculate – Gold is one of the favorite investment fields of many people because it is considered the safest (safe-haven). Not surprisingly, gold is called a crisis-resistant investment. When people are crowded off the dollar, selling stocks, debentures, and mutual funds in times of crisis, gold is actually funneled or bought.
Gold prices rose to their highest level during last year’s pandemic. Gold investment today is not only in physical form, such as gold bullion, gold jewelry. But what’s more, trending is online gold savings. Saving gold on online gold investment platforms made by Pegadaian and Antam, as well as through online shopping sites.
Yes, saving gold to achieve investment goals, such as home DP, married costs, child education costs, and others. Are you one of those who likes to save gold? Saving gold for long-term investments has advantages and disadvantages.
Here are the benefits and disadvantages of saving gold,
Benefits of Saving Gold
1. Easy disbursed Is the first advantage of gold savings, which is easy to disburse. This means that it is easy to sell again when urgently needing cash. To save gold jewelry, just sell it to the gold store. Those who have gold bullion or precious metals can be spotted or sold to pawnshops, antam, or gold shops. Get information, inspiration, and insights in your emails. Register email If you have gold savings online, make a sale transaction through the application where you save. The process is very easy and fast.
2. The price tends to be stable Saving gold is just as much as protecting the value of wealth. The price of gold tends to be stable. Even if it goes up or down, it won’t be as dramatic as the stock price. Therefore, gold is known to be the safest investment. The risk is very minimal because if sold again, you can still get optimal results.
3. Tax-free If the investment is deposited, you will be taxed 20 percent for deposits more than Rp 7.5 million. While the tax rate is 15 percent when investing in government debt. But saving stock for investments is tax-free. Income Tax (PPh) Article 22 will actually be imposed on business entities that sell gold. So, it’s not charged to the buyer.
4. Interest-free Saving gold is the same as investing in Shariah products. Because, gold savings transactions follow sharia law, which means there is no interest.
5. Small capital, less than Rp 10,000 Buying one gram of physical gold should prepare money around Rp 900 thousand. But saving gold online only needs a dime capital. You can already save gold online with capital starting from Rp 5,000. Some even offer capital of 100 rupiah or 0.0001 grams.
Disadvantages of Saving Gold
1. Not giving regular additional income The name of the investment definitely expects to be able to provide additional income every month or every year. For example, such as deposits or bonds or bonds. But not by saving gold, because there is no interest or coupons. You can only make a profit when selling gold. Even if the selling price is higher than the purchase price.
2. Must save gold long-term new profit The results of saving gold for investment will be felt when done in the long term. That’s more than five years. Examples of gold prices in 2011 ranged from Rp 500,000 per gram. Currently, the price of gold touches Rp 900,000 per gram. That means the increase is about 80 percent within 10 years. If you have 10 grams of gold in 2011 worth Rp 5 million, sold this year at the price above, then the total is around Rp 9 million. Profit around Rp 4 million. Compare when you save short-term gold. Buy 10 grams of gold in September 2011, when it cost Rp 557,000 per gram. Then sold in the same month in 2012 for Rp 575,000 per gram. You only make Rp 180,000.
3. Fake gold There are bad people who practice counterfeiting gold to rake in big profits, especially when the price of gold soars. One of the modes is to gild silver with gold-coated. Fake gold is then formed jewelry and sold to the public. If you are not careful when buying gold, you can become a victim of fraud. So, make sure if you save gold in the form of jewelry, buy gold at a trusted store family subscription. Meanwhile, if saving gold online, choose a place or platform that has a permit or officially registered financial services authority (OJK), ministry of trade, or Bappebti to be safe to avoid fraud.
4. There are gold storage and administration fees For those of you who save gold online, there are administrative costs such as account opening, transaction fees for selling or buying from gold savings provider services. In addition, there is also the cost of gold storage facilities per year. The amount depends on each provider. As well as the cost of gold printing, because even if saving gold online there is still a physical. Gold, Old School Investment that Remains Current Gold investment seems to be old. Although the old school, saving gold has its own specialty. Saving gold for long-term investments has the potential to yield about 10-12 percent per year. Higher than deposits. So, it is very suitable for beginners and millennials who want to start investing.