Many people think that now is the right time to buy gold. The safe asset is a hedge of precious metals against inflation.
Fortunately for those who buy gold when the price is low. Buying gold is not a waste but a long-term investment.
If you are desperate, the products can be resold, especially when the price is skyrocketing.
follow the share ADAM FAHMI GHAZALI It is about the benefits of holding gold as a form of investment in the future:
Although the price of gold fell from RM284 to RM277 recently, what we don’t know is that the ringgit continues to depreciate.
Last year RM3.90, last month RM4.20 and now RM4.42 compared to 1 USD.
Investments in Bitcoin and crypto (terra luna) also fell sharply. The difference is that when the ringgit, crypto, and bitcoin crash, you don’t have any physical assets available.
Banknotes can be worthless paper like the currencies of Zimbabwe, Venezuela and Lebanon. Many Bitcoin and Terra Luna investors are lost. In fact, some have even committed suicide in China.
Although gold fell to RM277 per gram, the price of three years ago, which was RM190 per gram, cannot be obtained.
Also, I want to get the price of gold 20 years ago, which is RM35 per gram. Gold is going down again and people are rushing to buy because they know they can buy a very valuable asset at a discount.
I always order not to put all your eggs in one basket. There is a need to diversify investments because each investment has advantages and disadvantages. Don’t be busy investing if you don’t have extra money.
Just focus on saving some gold. Don’t invest the money we want to spend. Do not invest without the right knowledge and teachers. Never borrow to invest.
*ADAM FAHMI GHAZALI is a legitimate trader Public Gold.
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