Gold Price Prediction in the coming year

Gold Price Prediction 2022

Reporting from Kontan.co.id, Wahyu Tribowo Laksono who is an Analyst at Central Capital Futures estimates that the price of precious metals in 2022 will be at the level of Rp. 1,000,000 per gram.

Meanwhile, physical gold is expected to be in the position of Rp. 1,100,000 to Rp. 1,200,000 per gram in 2022.

Another analysis related to world gold prices comes from BMO Capital Markets which estimates that gold prices will be in the range of USD 1,700 - USD 1,800 per troy ounce throughout 2022.

Meanwhile, Trading Economics estimates that the average gold price will be at the level of USD 1,963 per troy ounce.

The prediction of gold prices this time can be said to be quite varied considering the state of the world economy is in a period of recovery.

Analysts also mentioned that gold price predictions are likely to fluctuate significantly due to turbulent economic conditions.

Gold Investment Tips

Although the price of gold tends to be stable, there are several things you should pay attention to when you want to invest in gold so that your investment is more secure and profitable :

Define Goal

Gold is an investment instrument that is suitable for the long term, therefore if you want to invest in the short term, gold may not be the right choice.

Gold investment is very suitable if it is intended for retirement funds, because when it comes to retirement funds, maybe you still have at least 20 years before your retirement.

If accumulated, within a period of 20 years the profits you will get from gold can be said to be very large, this is of course related to changes in the price of gold itself and also the compounding effect.

Monitor Prices Periodically

Although classified as safe but that does not mean you do not monitor the movement of gold prices. After all, nowadays checking the movement of gold prices is not something that is difficult to do because you can just check through your smartphone.

To increase the profit from investing in gold, you can buy gold when the price is down and sell it back when the price is rising, By checking prices regularly, you will indirectly have the ability to predict weekly prices.

Ensure the Authentic Gold

The high demand for gold sometimes opens up opportunities for irresponsible people to make fake gold, Therefore, make sure to always buy gold in a trusted place and also monitor the movement of gold prices so that you know the estimated gold price you will buy.

Remember! Do not be tempted by cheap prices, because real gold will not be priced far from the market price in the community.

Determine Quantity

Investment is closely related to commitment, especially if you want to invest in retirement funds. So, it's a good idea to set a minimum amount of your gold investment each month.

For example, in a month you have to set aside income to save at least 1 gram of gold, If this is done consistently, then in one year you will have 12 grams of retirement savings. If 1 gram costs only 1 million, at the end of the year you already have 12 million, right!