There are many myths circulating about gold investment. After investigation, some myths are indeed true, but many are not.
To dispel any doubts you may have about starting gold investment, let's explore some of the myths and facts about gold investment below.
- Gold Is an Antique Item
Gold has long been considered valuable, even before the Common Era, serving as a medium of exchange, collateral, and gifts.
King Croesus of Lydia, in what is now Turkey, established gold coins as a legal tender between 600-625 BCE.
Even earlier, ancient Egyptians in 3600 BCE attempted to discover methods for melting gold and shaping it into various forms.
By 1800 BCE, gold jewelry had become widespread and a trend in trade. In fact, people from China and India sought to exchange gold for silk or other natural products.
Despite gold being an ancient commodity, it remains highly sought after today, even by renowned investors and the wealthy. Gold is a stable investment instrument and is often used as a hedge against inflation.
- Myth: Gold Investment Is Only for the Wealthy
In the past, gold was indeed a high-value commodity, making it less accessible to the average person. Gold was primarily invested in jewelry and regarded as a luxury item.
However, nowadays, not only the wealthy can own gold. You can start investing in gold from as little as IDR 5,000 with Treasury.
Digital gold as an investment instrument offers the same benefits as traditional gold investments. Moreover, digital gold eliminates additional costs such as storage fees and transaction charges.
- Myth: Gold Is Difficult to Buy, Sell, and Store
A common myth is that gold is difficult to buy, sell, and store. This may have been true in the past, but in today’s world with various conveniences, investing in gold is no longer a challenge. Treasury provides an easy-to-use platform for digital gold investment.
While physical gold stores are widespread and accessible, investing in digital gold simplifies transactions through your smartphone, allowing you to conduct them anytime and anywhere.
Now, you can buy, sell, borrow against your gold savings, and monitor gold prices all within one app. It’s that simple!
- Myth: Gold Investment Is High-Risk
This myth can sometimes be true. Many people still store physical gold at home without extra security, leading to high risks of loss or damage.
Physical gold, such as jewelry, is often kept in drawers or wardrobes, increasing the risk of loss and damage.
To mitigate this risk, consider safer investment options like digital gold. Treasury is the first licensed BAPPEBTI digital gold trader. Digital transactions are secure, registered with KOMINFO, and partnered with ICH and ICDX for transaction safety.
- Myth: Buy Gold Only When Prices Drop
Typically, gold is purchased when prices fall to maximize the profit margin between buying and selling prices.
However, you can still buy gold when prices rise, provided you consider potential benefits and risks.
One strategy to benefit from rising gold prices is to take advantage of promotions or discounts offered by gold dealers.
Treasury frequently offers promotions, discounts, and exciting rewards with a minimum purchase of just IDR 10,000. Use this opportunity to counter the myth.
Now you understand why these myths circulate and the actual facts behind them. Before investing, it's crucial to study the investment instruments you choose.
Ensure your investment, aimed at increasing profit, does not end up causing losses. Check out more information about gold investment and other financial tips at Treasury!
