[Gold Tech Trend] Is gold investment safe? Find an investment method that suits you
Even if gold technology is 'attractive' due to the high gold price...invest cautiously, 1 pure gold coin 356,000 won, up 40% in 3 years
Source_Toespeed by.Somelet
Is it okay to invest in gold? Since the price of gold has risen a lot recently, there are many views that it may fall a little in the near future, but in the long run, the price of gold will rise further. Some are even predicting that the price of this year will well exceed $2,000. Currently, the price of gold is fluctuating in the $1900 range. In fact, it turns out that central banks around the world are also purchasing gold. The gold reserves of world central banks are said to be 36,746 tons as of the third quarter of 2022, the highest level since 1974.
The reason the price of gold is rising is because people who think there is a possibility of a global economic downturn are looking for safe assets such as gold rather than risky assets such as stocks. As prices are rising so quickly, some people have begun investing in gold to protect against future interest rates falling. When interest rates go down, it means that the value of money falls. That's why you invest in gold, not money.
How long will the price of gold rise? It may exceed $2,000, but many say it will be difficult for the price to rise as quickly as it is now. Looking at past patterns, it is highly likely that the rise in gold prices will slow down around March.
5 advantages of investing in gold
1. Long history of value increase
2. A reliable hedging tool in times of crisis
3. Beneficial for portfolio diversification
4. Gold demand continues to increase
5. Global national debt is reaching an all-time high
5 Disadvantages of Investing in Gold1. It shows a downward trend after a significant rise.2. Gold coins may not be perfect as an inflation hedge3. Gold does not engage in production or economic activities.4. Limited use5. Absence of standards to evaluate the standard value of gold
A summary of 5 gold investment methods, which are hot these days.
* Source: Samjjeomsam Walker Magazine
5 gold tech methods
Gold is a safe asset used globally. Recently, as the dollar's strength has subsided and the economic downturn has worsened, more and more people are turning their attention to gold investment methods. Therefore, gold prices are rising, and the upward trend is expected to continue.
Gold is a safe asset used globally. Recently, as the dollar's strength has subsided and the economic downturn has worsened, more and more people are turning their attention to gold investment methods. Therefore, gold prices are rising, and the upward trend is expected to continue.
buy gold bars
Literally, this is a way to purchase gold bars directly. Because it is a real asset, it can be held even in situations such as war. Because it has high liquidity (the possibility of converting the value of the asset into cash), it is suitable as an alternative investment material. There is no property tax or gift tax, and it is suitable for long-term investment.
However, there is a risk of loss, and a 10% value-added tax is added upon purchase. It also costs about 10% of labor costs and gold store operating costs. So, to make a profit, the price of gold must rise by 20% compared to the time of sale. To save on labor costs, it is best to purchase as large a weight as possible. Also, you can purchase it a little cheaper by using an Onnuri gift certificate.
※caution! When purchasing, be sure to check the purity, manufacturer, serial number, and mass certification mark!
Literally, this is a way to purchase gold bars directly. Because it is a real asset, it can be held even in situations such as war. Because it has high liquidity (the possibility of converting the value of the asset into cash), it is suitable as an alternative investment material. There is no property tax or gift tax, and it is suitable for long-term investment.
However, there is a risk of loss, and a 10% value-added tax is added upon purchase. It also costs about 10% of labor costs and gold store operating costs. So, to make a profit, the price of gold must rise by 20% compared to the time of sale. To save on labor costs, it is best to purchase as large a weight as possible. Also, you can purchase it a little cheaper by using an Onnuri gift certificate.
※caution! When purchasing, be sure to check the purity, manufacturer, serial number, and mass certification mark!
Open a gold account
This is a method of opening an account and purchasing gold equal to the amount deposited into the account. Transactions can be made at banks. You can initially open an account with 0 won, but keep in mind that in some cases you may need to purchase more than 1g to open an account! After opening a bank account, you can purchase in 0.01g increments. Because it is transacted at a bank, accessibility is relatively good, and deposits and withdrawals are possible at any time. There is also a simple way to invest in gold with small amounts.
However, the method of calculating gold investment by opening a bank account is a bit complicated. This is because the standard transaction price is determined by the international gold price and the won-dollar exchange rate. In other words, you need to consider the exchange rate and gold price at the same time. So it may feel a little tricky to the general public.
If there is a trading profit, a dividend income tax of 15.4% is incurred. In particular, if the profit exceeds 20 million won, it is included in the financial income taxable, so there is a tax burden.
tip. To reduce investment costs as much as possible, deposit in dollars. That way, there are no currency exchange fees. It is even better to save dollars when the exchange rate is good and put all the dollars in a gold account.
gold fund investment
It is a method of indirectly investing in gold-related mines and companies. In this case, diversified investments are possible. So the risk is relatively low. However, the commission paid to the fund manager is high, and a 15.4% tax is levied on trading profits. Another disadvantage is that real-time buying and selling is not possible, making timing difficult.
Gold ETF
This method is an investment product that complements the shortcomings of gold funds. It mixes the strengths of stocks and funds appropriately. So real-time buying and selling is possible. However, a commission is incurred every year, and 15.4% of sales profits are also taxed.
This method is an investment product that complements the shortcomings of gold funds. It mixes the strengths of stocks and funds appropriately. So real-time buying and selling is possible. However, a commission is incurred every year, and 15.4% of sales profits are also taxed.
Use Korea Exchange (open KRX gold spot account)
The method most people recommend is to use the KRX Korea Exchange. This is a method of investing in gold after opening an account through a securities company.
If you use the Korea Exchange, you can purchase high-quality gold without burden because you can invest a small amount, and income tax and sales profits are exempt from taxation. Trading profits are not included in comprehensive financial income taxation. In addition, the commission fee is low, ranging from 0.165% to 0.33%. You can invest purely by looking at the gold price, so it’s not complicated.
However, as with stock trading, the price of gold changes in real time, so you need to be careful when selling or buying.
tip. To use your gold spot account wisely, it is advantageous to set the unit to Kg. This is because the larger the unit, the lower the purchase price tends to be.
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