What are the mistakes in investing in gold?

Suba

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• Apr 27, 2024

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Since ancient times, gold has been used as a savings or investment instrument. Gold has also been proven to be inflation resistant so it is used as a hedge. Moreover, the value of gold will always increase every year so it will be profitable if you invest for the long term.
We can save gold jewelry or gold bars, but if our goal is to invest then gold bars will be more profitable. However, there are several mistakes that gold investors often make, so what are the mistakes in investing in gold?

 

Shavkat

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• Apr 27, 2024

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The only mistake is that investing to jewelries that are pure gold. If we are not good at knowing the differences.

 

bestwriter

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• Apr 27, 2024

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We never buy gold with a view to investing but as part of the jewellery If one wants to invest then they should go for may be gold biscuits and not jewellery

 

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• Apr 30, 2024

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l think that the major mistake that the gold investors oftenly make is the investment in the short term basis.

 

Suba

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• May 1, 2024

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One of them invests in gold only for short-term periods or sells it when they need money, and most gold investors don't have an investment goal, they buy gold only to save it for future needs/needs.

 

nomad

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• #6

One of the biggest investing mistake related to gold investment is investing in gold jewelry. You should invest in gold biscuits, instead.