Things to know before trading gold

Things to know before trading gold

Gold is considered a valuable investment. with the value of the purchase-selling price in the market with less volatility So many people choose to trade gold. This article will present a trick for trading gold. without causing loss and loss of opportunity

- The ideal opportunity to buy gold is during July and January Because on average every year, gold prices will increase at the beginning of January and the beginning of July. And the price usually goes down from the end of February to the beginning of March.

- Gold prices will be updated periodically so there is a risk of loss. But nowadays there are many websites that update the gold price in real time. make it more convenient You can choose to use a reliable website. according to user convenience

- Gold is an asset that gives better returns than government assets (bonds) during market volatility. If holding gold for a long term of 10-20 years, it may get a return of 5-10% per year.

- It is better to buy gold in bullion rather than in jewelry. (Gold that has been processed into jewelry) because the gift of gold jewelry is more expensive than gold bars.

- Gift value will be lower. When buying gold of high value, the disadvantage is that it is difficult to divide and sell because it is difficult to find another buyer. Plus, there's a high chance of finding a fake. Therefore, it must be inspected before purchasing.

- Do not take Thai gold to sell abroad. because the price will be depressed Because gold in Thailand It's not up to foreign standards. (96.5% pure Thai gold, 99.99% pure foreign gold)

- Where to buy gold to sell there in order to avoid any problem of price pressure.

- Gold bars are classified as prohibited goods in bringing to sell abroad But some have been sold to China Town of each country. because it is the easiest source to sell

- Investing in gold is now a digital investment. which has a fee that is cheaper than the gratuity can be profitable And it is also reliable that it is definitely real gold.

Every reader should make a conscious and thoughtful decision. This is because all types of investments carry unseen risks. But it's predictable. Please study investment carefully before investing.

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