4 reasons why many people are afraid to invest in gold

Like many other investments , gold is a very popular high-value asset , where investing in gold can generate similar returns. But many people are afraid to invest in gold because they see it as a high risk. Indeed, gold is often an investor’s choice of assets to hold. To protect against rising inflation What are some fears that make many people not dare to invest in gold?

  1. ” Buying gold and not making a profit” ( afraid of loss)Of course, when we invest something I always want to get good returns. But if on the contrary, when things that are invested are not profitable and still lose, they will disappoint. Regret is common Regardless of whether it is an investment with anything, even gold as a safe asset. There is no less risk than other assets, the principle of investing in gold is profitable is to buy and sell expensive by the timing of buying and selling is viewed from the fluctuating gold prices on a daily basis. , In addition, choosing the right type of gold is an investment principle as well. They should choose to invest in gold bars rather than jewelry because when buying or selling Will pay less than the goldsmith And their main use is to focus on keeping as property or speculation rather than wearing jewelry.
  2. “I bought it, but the price is going down, when the gold will go up again” ( fear of the gold price falling)can be called “buy me, the price dropped” so that is it, as I said that the gold price has adjusted. Up, down every day, some days it can change 3-4 times or change once, it is important that we know the trend of gold price going up or down, which factors affect gold price to go up, It ranges from the dollar, the baht, economy, war, politics, oil, stocks, etc., as well as the gold demand of India, China, or the central bank’s gold accumulation, SPDR gold fund, silver fund. IMF, which can follow such news and check the gold price at the Gold Association website, or general economic news And can look back at gold price statistics over the past several years To analyze whether the price of gold is high and the price of gold is cheap
  3. “The company that provides services is ruined, shut down, is not responsible” ( fear of being deceived) Thenews of gold investment scams continues to be seen, which makes some people fear that they will be deceived, fear that the company or shop Serving gold Miscalculation and ruin Which, in principle, no matter what investment The first thing to do is study the details clearly. Both in the asset to be invested Including companies that provide management Can check There are a variety of gold investment channels, for example, by own trading through the trading system (online gold trading), trading through brokers or brokers, trading directly through gold shops, etc.
  4. ” Waste of time Go for a better return on investment ( fear of losing the opportunity to profit from other assets).Although gold has less price volatility than other assets, it can be considered that It is often a popular choice for holding reserves for investors, including many countries that keep gold as a reserve. If there is a case of devaluation

There are many investment options nowadays, including stocks, real estate, land, etc., making some people view gold as a waste of time investment because selling gold is profitable. Have to wait for the price a lot higher than when buying Or some people view gold as a treasure. , As an inheritance to children rather, investing like this can be a waste of time, in fact gold is another asset that investors will buy and keep. Because it is viewed as a safe asset And diversify the risk of other assets well, many countries also have accumulated gold as a reserve for money, which gold and silver often counter when the money is declining. The price of gold will increase. And if the money is worth more Gold price will drop

The principle of investment, regardless of investment There should be diversification. In case any one of the invested assets has problems All assets are already at risk, like the saying “Investment is risky” so diversify your risk by holding a mix of low-high-risk assets that gold holds. It’s a safe asset It should be present in your investment portfolio.

 

by Abdullah Sam
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