![Not Mutual Funds, Here are 3 Reasons Why Gold is Still a Favorite Investment of the People](https://cdns.klimg.com/mav-prod-resized/480x/ori/feedImage/2024/1/30/1706621973599-6354i.png)
![Not Mutual Funds, Here are 3 Reasons Why Gold is Still a Favorite Investment of the People](https://cdns.klimg.com/mav-prod-resized/480x/ori/feedImage/2024/1/30/1706621973599-6354i.png)
Dream - Chief Digital Officer of Maybank Indonesia, Charles Budiman, said that gold is still the preferred investment choice among Indonesian society. According to JakPat's research, most respondents choose gold as an investment instrument when they have money to be redirected.
In the survey in 2023 with 1,500 respondents, gold ranked first with 53.87 percent points.
The translation of the given 'Bahasa' text to 'English' while preserving any HTML tags is: "Charles said in Jakarta, Tuesday, January 30, 2024."
Interestingly, according to Charles, gold has consistently ranked first in JakPat's surveys for several years. "The survey was conducted in 2023, but what's interesting is that if we look back, it turns out that the survey results are the same every year," he said.
Charles also revealed the factors why gold remains the primary choice for investment. He mentioned that there are three factors. The first factor is that the price of gold tends to rise in the future and experiences an increase above the average inflation rate. "The first one, if we look at the price of gold (2011-2024), the increase in price is clearly visible. We believe that the trend will continue to be the same in the future," he said.
The second factor, gold is the most resilient against recession. Gold remains relatively stable despite economic fluctuations. "Compared to other investments, the value of gold is one of the most resistant to recession, relatively stable," he said.
"Finally, gold is easily converted into cash, either by selling or pawning. "Gold is easily converted into cash, easy to resell compared to, for example, property which is difficult to find buyers for... So these three reasons are what make gold attractive as an investment," explained Charles."
"In the same occasion, Chief Transformation Office of PT Pegadaian, Mulyono, stated that gold is an investment instrument option with minimal risk because it is not affected by inflation and has a fairly good level of liquidity. 'Therefore, it is widely used as an investment option for the future,' he said. On the other hand, gold is projected to strengthen in 2024 based on the Commodity Markets Outlook October 2023 from the World Bank."
The following is the order of investments most chosen by the community based on the JakPat survey. Gold: 53.87% Mutual Funds: 30.67% Stocks: 26.13% Land or property: 24.07% Business/enterprise: 23.87% Bank deposits: 20.8% None of the above: 19.07% Cryptocurrency: 15.8% Bonds: 8.6% Peer to peer lending: 5.67% Forex (foreign currency exchange): 5.47%
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