Different Gold Accumulation Program
Tuesday, July 08, 2014
Gold Investment - Recently, gold-based savings products have been introduced to meet the capital needs of the international community intends to hold physical gold in their investment portfolio or intend to diversify their savings.
Gold Accumulation Plan is similar to a conventional savings plans in the idea that the program is based on the principle of setting aside a fixed amount of money every month. Fixed amount is then used to buy gold on every trading day in the month. Fixed monthly amount may be small, and the purchase is not subject to charge a premium that is usually charged on small gold bars or gold coins. Because a small amount of gold that have been purchased over a period of time, exposure to short-term variations in the price contained will greatly reduce the risk for the buyer.
Gold Accumulation Plan which has been internationally accepted and supported by the World Gold Council is offering customers a unique opportunity to begin collecting physical gold by applying the methodology of the daily average price. This helps eliminate the risk of buying more on speculative trade. At any time during the contract period (usually a minimum of one year), or when the account is closed, investors can get gold in the form of bars or coins-atangan. If they should choose to sell their gold, they also can get the cash.
One of the first gold accumulation plan in the western world is a Gold Saver launched by Gold Core gold investment company in May 2010. Largest private bank, Industrial and Commercial Bank of China (ICBC) in collaboration with the World Gold Council launched a gold accumulation plan first in China. In that country, more than one million accounts have been opened in the year 2010 alone.
Indiapun not want to lose. India recently to launch first gold accumulation plan. World Gold Council as a market development organization for the gold industry, launched along with Reliance Capital.
Then who the World Gold Council? World Gold Council is not a privately owned organization, but rather an international organization that regulates the gold. World Gold Council has been successful in leading financial academics and personal finance experts to support the concept of gold-saving in the long run and this sector is set to grow in the coming years. As with all investment and savings products, the counter-party security and safety in particular counter party store gold in a gold accumulation plan is very important.
Is a program that has the same outline with the existing Gold Accumulation Plan and held in Indonesia? Yes, of course. This program has been organized first by an investment company that becomes an extension of the company's largest gold producer in Indonesia. Similar programs have also begun to bloom in Indonesia. You can only join in the company where you used to make an investment, or join a new company offer that gives you a logical view.