Which is Profitable, Gold Bars or Jewelry?
Surge in world gold prices up to the level of U.S. $ 1,300 per ounce has made it increasingly attractive commodity. Not a few investors hunt for gold because of the hope that prices will continue to rise, though also not a few who worry that level is only considered to be just a bubble or bubbles where any time the price will fall again.
Executive Director of Gold and Gems Merchants Association of Indonesia (APEPI) Iskandar Hussein assess the current soaring gold prices can not be separated from the still unstable economic conditions in the countries of the Americas and Europe. Banking conditions are still not safe and great risk that many investors turn to gold.
According to him, the gold price is expected to continue rising until December. Although it could not estimate how much the maximum that can penetrate this precious metal, but Alexander agreed price of gold will likely continue to rise and hard fall. “If it does not rise, prices will still remain well above U.S. $ 1,315 per ounce. In Indonesia, currently trading in the range of USD 350 thousand / gram.”
Optimism persistence of the price of gold at the highest level, according to him, because many big countries like China that foster foreign reserves in gold. These countries certainly do not want to fall in gold prices in the market. “They do not want to lose. If prices fall, they immediately announced will buy gold in large quantities. If it’s like that, the price of gold will rise again, “said Iskandar.
Therefore, gold is considered fairly safe investments, especially when compared with stocks. However, Iskandar warned not mean no risk. Just as investment property that costs practically always continue to rise, gold investors also need to be vigilant. “The price of property like land is continue to rise. But if there are disasters such as floods are also worthless. “
He gave an example, when a crisis occurs, countries like China will also be flush with the stock market price of gold so that gold can be damaged. But the decline in gold prices usually do not last long and tend to re-strengthen. “Therefore, investing in gold is more suitable for long term investment, not short term.”
To be profitable, Iskandar gives tips for gold investments.
According to him, gold is more profitable to invest compared to gold jewelry. Its value is intact because it does not add to the cost of design, but is more complicated for storage.
“For those who really invest, gold bullion is more profitable. If possible the weight between 50-100 grams as well as counts per gram less expensive than the little bars, much less than buying gold jewelry, “he said, Monday (4 / 10). In addition, if you buy small gold bars, also the production of charge.
Meanwhile, for gold jewelry, the price is more expensive than gold bullion. “For those whose capital is tight, gold jewelry can also be an option. Moreover, gold jewelry can be both for accessories, stylish. If the bar can not, “said Leo Hadi Loe, the World Gold Council Representative of Indonesia.
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Tags: December, Gold, Gold as an investment, Gold bar, Indonesia, investment, Jewellery, Precious metal