Maybe many of us are starting to think about saving as an investment in the future. Yes, the current economy which is dangerous and unstable makes many more worried.
Gold is one form of investment that has become a craze since ages with its value remaining high even when the country is facing various bad economic crises.
But, don't follow the trend too much until you end up regretting it later!
Let's read 5 safe tips before storing gold.
Be sure to Buy Gold 999 and 916 Only
Both of these golds have high gold purity and are good for long-term investment savings.
Usually, 999 gold is more in the form of bars and bars because it is more expensive.
Meanwhile, 916 gold is widely used as jewelry because it has been mixed with materials that are easy to forge and shape.
Know the difference between genuine and fake gold
Before buying gold in the store, make sure you have the knowledge of how to distinguish whether the gold is genuine or fake.
If you buy online, make sure to check the seller's background and don't forget to read reviews!
One of the easiest ways is to use a magnet to determine whether it is genuine or fake.
Buy from Registered Gold Stores and Authorized Agents
Due to the increasingly expensive value of gold, many people take the opportunity to become an agent because the commission is quite lucrative.
As a buyer, please be careful and check the background of the gold company first.
If buying with an agent, make sure the individual is a legitimate and known agent only.
Find Gold Companies That Accept Trade-ins at High Prices
Most gold shops will usually accept buybacks with a 20%-25% discount.
Some are also willing to accept 15% of the purchase price for jewelry purchased in their store.
So, please make a wise choice!
Keep the Purchase Receipt
Every time you buy, you must get a receipt, right? Don't forget to save it!
The reason is, most gold shops will put all the information related to gold such as gold weight, type and price at the time of purchase.
What if lost? It's over…
