At present it is rumored that the price of gold is down (around 3%). It is inevitable that many people will hunt for it. Gold is one of the most desirable precious metals, besides being used as an investment tool that is not affected by inflation, it can also be used as a jewelery to beautify oneself. Gold sold is generally divided into three types, namely solid (bar / coin), jewelry and white.
Before buying gold, you should know what the purpose of buying it is. If you choose to invest, buy in the form of bars or coins. But to just collect and guard in times of financial difficulties, you can choose the form of jewelry. Quoted from various sources, consider some tips on buying gold, whatever your goal.
- What is your goal for buying gold?
Before buying gold, set your destination first. If you want to invest, choose gold bars or coins, because the intrinsic value is relatively large. As for jewelry and savings, you can choose gold that has a high level. For gold jewelery, the selling value is relatively higher if the shine is still very well maintained.
- Place to Buy Gold
It is very important to determine where to buy good gold. Buy gold in a store that has a clear reputation. This is useful for providing a sense of security and good quality. Also pay attention to the resale price in the store, don’t let the resale price drop dramatically. Avoid buying gold at the same price as stated in the letter.
- Check Gold Physical State
In choosing gold, it is preferred that it looks clean without green stains on its pores. Some stores often think this is something normal, but it isn’t. The sign is that the gold has not been washed properly and still leaves chemical residues that can cause allergies.
If you choose to buy gold in the form of jewelry, check carefully whether there are scratches, hollows or other defects. Because when you want to sell it again, this will affect the price.
- Ask for the purity of gold
The international standard of the purity of gold is as follows:
- 24 carat gold is pure gold (99.99%)
- 22 carat gold has a composition of 91.7% gold and mixed with other ingredients 8.3% (usually material silver)
- 20 carat gold has a composition of 83.3% gold
- 18 carat gold has a composition of 75% gold
- 16 carat gold has a composition of 66.6% gold
- 14 carat gold has a composition of 58.5% gold
9 carat gold has a composition of 37.5% gold
In Indonesia, the gold standard in gold shops is somewhat different. 24 carat gold is 90% gold, 23 carat gold is 70% gold, 22 carat gold is 40% gold and others. You could say, the system of buying and selling gold in the (traditional gold shops) market is indeed quite alarming because there is no system and standard that becomes the consistency of price, weight and level.
5. Keep All Forms of Letters Well
After buying, you will get several letters such as receipts, gold certificates to purchase notes. Keep all the letters that are obtained properly, because they will be needed when they will be resold. This is because not all gold buyers, whether shops or other places, are experts in determining the gold content. The term is not standardized. Keep in mind if these important letters are lost, the price of your gold can fall. Store it in one plastic with the gold and then seal it.
6.Saving the Right Gold
Having gold means saving valuable items or savings. If there is not too much gold in the house, use a box or personal safe. If gold is classified as high (1 kg upwards), it needs to be stored in a deposit box in the bank. The cost is not too expensive, and varies from one bank to another.
7. as collateral
Gold can be a good guarantee to get money when financially difficult. Bring to a pawnshop and guarantee that gold can be redeemed Cheap Jewelry Gifts after you have money. In this case gold is better pawned, not sold, because if you buy new gold with the same size and level, the price is not necessarily the same.