Antam’s gold price again set a record high on April 2, 2024, reaching IDR 1,256,000 per gram. At Pegadaian, the gold price even reached IDR 1,286,000 per gram. For gold investors, the question arises: Is it time to sell?
Deciding to Sell or Keep:
The decision to sell or keep gold should be based on clear reasons and investment objectives. Here are some considerations
- Profit:
Pay attention to the difference between the purchase price and the buyback price.
If the profit margin is slim, consider keeping the gold and buying again when the price drops. - Emergency Fund:
Sell gold if the family’s financial situation is not favorable, and use the money as an emergency fund. - Financial Goals:
Sell gold if the proceeds are enough to fulfill your financial goals.
Selling gold in the midst of a price increase requires you to consider your profitability, emergency fund needs and financial goals. Make sure your decision is based on careful analysis and consideration.
