Investing in gold it can not be done by any buy, purchase, and continue to buy when prices are falling. Before buying, investors should know when gold will be sold. Why is that? Stock and Option Strategist Profit Guide Institute gives some important tips to invest in precious metals.
First, do not buy gold premises means "blind" when there is a chance. Note the movement pattern (price of gold). Use good money management. What do you mean good money management? If you have the funds, for example 10.000 U.S. dollars, do not all spent on buying gold. Funds should be shared for any other investment or investment diversification.
Second, people need to remember or always assume that gold remains a commodity whose price can go up and down. Before buying gold, we should know when we want to sell. It must be known, either at a loss or profit.
Then, when the best time to buy gold? Note the technical indicators. That is, we need to look at the graph. Requirement is a basic requirement in which investors can see through the historical gold prices, for example, Elliott Wave technical analysis. Then, combine technical analysis with fundamental factors. That is, investors should beware the info-market and news there. Understandably, the higher the price of gold today, as affected by the crisis experienced by the European Union and the United States. Thus, market participants should know this as well.
The possibility of gold prices rose quite large. For this year alone, have predicted gold prices likely to touch U.S. $ 2,000 per troy ounce (equivalent to 31.1 grams).
Past 10 years (over a decade), the beginning of November until the end of February, gold is always positive (price movement). Opportunities in gold prices to continue to rise towards the end of the year it's open to see the historical side. Moreover, coupled with a crisis in the U.S. and Europe. Often the technical fundamentals fit, with these tips do not buy gold anytime.
As we know from several types of precious metals, precious metals gold is the most requested and popular. Because of gold than can be used as a means of investment and hedging your property from the effects of inflation, gold could be used as jewelry. And to start buying gold, surely you must know your purpose in buying the gold, whether for investment or to wear?. When to buy investment gold bullion or gold coins, and when to use must buy gold jewelry that you like. So how smart tips to buy gold bullion, gold and white gold jewelry? Can you read the following tips:
Smart Tips In Buying Gold Bars, Gold and White Gold Jewelry
1. First look at the current gold price rate
Of course, before buying gold, you can check what price gold market today, it can be through newspapers, website information the price of gold, pawn shops that have websites on the main page menu on current gold prices, gold or ask the shop contact the sales of gold producers in the country you, on each working day Monday to Friday. And if you buy gold or a week Saturday course you could find information benchmark gold prices on Friday afternoon.
2. Consider the state of the gold you buy
When you buy gold jewelry is to be used, of course, you can choose the preferred model and also note the state of her gold jewelry, is still good or is flawed.
If the purchase of existing gold pearl jewelry, pearl consider whether there is chipped, scratches and other, because of course when you sell it back, gold shops will check first and affect the sale price.
If the purchase is a form of bracelets and necklaces, pick the key lock necklace bracelet or machine made, that is shaped hurus S or called toogle. While the usual hand-made key push-push forms sometimes become weak and when it is often used (book cover) and have been aged longer.
And see also display gold, buy gold which is very clean, because sometimes there are green in certain parts of the pores. Maybe jeweler shop says this is a normal thing, but actually not, gold has not been washed properly. In gold is still lagging behind the rest of chemicals that can cause skin allergies in the wearer, which causes itching, etc..
3. Ask The gold purity levels
Here are the purity levels of gold according to international standards:
- 24-karat gold is pure gold (99.99%)
- Gold 22 carat gold has a composition of 91.7% and 8.3% mixed with other ingredients, usually silver material
- Gold 20 carat gold has kompoisis 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%
and 9 carat gold has a composition of 37.5% gold
There appears to be a much different carat difference. System of buying and selling gold in our market (the traditional market - gold shop) was quite apprehensive because there is no standard system and the consistency of price, weight, and measure.
Then how about buying white gold? White gold is pure gold mixed with other metals that have different levels, typically up to 70%. Some say that white gold is platinum, but because the price of platinum is very expensive, so in Indonesia rarely sell them.
Well the choice, if your goal is to invest, buy gold bullion or gold coins and make sure there is an international standard certificate. See the example in the figure.
Then where is the place to buy gold bullion with levels of 99.99% certified? You can buy gold producers, gold sales division. Can be viewed via the website or get through the pawnshop, and also shops that sell gold.
4. Save memorandum purchase of gold, because it will be needed when resold.
This is because not all gold buyers, be sold in stores or other place, an expert in determining the gold content. Due to check the gold content takes time and technology that is not necessarily available where you sell it. And if possible, sell gold is back where you bought it, because it would be easier and there are not many questions about gold.
So what is the value of gold when sold?
Depending on where you sell it, if they use the system at the Pawnshop pawn, then your gold is only rated up to 90% of the buying mortgages at the time. When the gold shop, usually cut some U.S. dollars for a gram of the purchase price.
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