Jakarta, CNBC Indonesia – For those of you who like investing in precious metals, especially gold bullion, you are certainly quite familiar with risks such as the risk of loss, buying fake gold by mistake, and others.
However, did you also realize that old gold releases actually have a lower selling price than the newest releases? Does investing in old school gold for the long term mean there will be losses?
Based on the year of production, Antam gold is divided into two, namely Certi Precious Metals and Retro Gold or what is often called old gold.
Certi Precious Metal or Certi Gold is the latest gold release whose certificate has been integrated. To check its authenticity, you can scan the CertiCode on the back using the barcode scan feature on your cell phone.
CertiCode itself began printing in 2018, and continues to undergo several changes in its appearance.
Meanwhile, Retro Gold is old gold, which is wrapped in thick mica plastic. This gold certificate is separate from the packaging, and this type of gold was last produced in 2018, and the selling price is generally cheaper than Gold Certi.
So does this mean that those of us who have bought retro gold will definitely lose money in the long run? The following is the explanation.
This price difference is due to supply and demand
One thing you should know is that Certi Gold has a higher selling price than Retro Gold, if you sell it at a regular gold shop. This is due to the existing supply and demand factors, the newest gold is of course much more interested.
But know that basically, whether retro or new, gold is gold which is a precious metal.
If you have been saving retro gold for a long time, it would be better to sell it at Antam rather than at a dealer because the gold buyback price at Antam for all types of gold will be flat.
However, when you have the latest gold release and want to make more profit when selling it, you can go to a shop or gold trader who has a buyback price above Antam.
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