Do We Really Need to Invest?

Numerous studies suggest that owning assets significantly contributes to a more comfortable life. One way to achieve this is through investing. Unlike conventional saving, investments aim to increase asset value above inflation and offer potential passive income in the future. Hence, effective wealth management involves savings, conventional funds, and investment assets.

Gold Savings as an Investment

Recently, I conducted a poll on Instagram regarding how families in the Minang region manage their wealth. Out of hundreds of responses, it appears that they regard gold as their primary asset. Although not hailing from Minang descent, I agree with their choice.
For decades, Indonesian society has been familiar with gold investments. The rationale is simple: if kept as cash, it's likely to be spent on daily needs, like groceries or children's treats. However, if stored in the form of gold jewelry, spending becomes considerably more challenging. In comparison, gold bullion is the most suitable form for saving and investing purposes rather than jewelry. 

Gold bullion, with 99.9% gold purity, is commonly known as a precious metal. Statistically, the price of gold has shown an upward trend over periods exceeding five years. For instance, the price of gold in Indonesian Rupiah was around Rp500,000 per gram in 2015, dipped to approximately Rp450,000 per gram in 2016, and in 2023, even reached approximately Rp1 million per gram. Gold is considered a liquid asset, meaning it can be easily converted into cash for various needs.

Unfortunately, many are still hesitant to invest in gold. Apart from requiring a considerable initial investment to purchase gold bullion, there are concerns about its physical storage. Precious metals have a small physical footprint, leading to a higher risk of loss, especially if stored at home and subject to misplacement or theft. Thus, there's a significant risk of loss if precious metals are not stored in a secure, locked location.

Digital Gold as The New Safe Haven

The solution lies in purchasing gold through digital savings. Not only is it much safer, but saving in digital gold is also a suitable alternative for those with limited capital. There's no need to wait until you have enough funds to buy gold bullion. With just Rp 10,000, you can start regularly saving in digital gold, slowly building a significant reserve. The process is similar to regular savings: determine the amount you want to save, then deposit it into your gold savings account. Every rupiah you allocate will instantly convert into grams, as per the buying price of gold on that day.

For the current Generation Z, possibly still in university or starting their careers, digital gold savings represent an investment option with minimal capital. This is ideal for instilling a saving habit from a young age. The gold savings balance can be utilized for various future desires, like upgrading a laptop or funding further education. For millennials, gold savings can accumulate funds for their children's education, which might be needed in five years or more. Moreover, gold can serve as a balancing element in retirement fund portfolios.

No need to worry because now you can save in digital gold through the M2U ID App, Maybank Indonesia's mobile banking application. In collaboration with PT Pegadaian, Maybank Indonesia introduces Pegadaian Gold Savings as a safe and practical financial planning solution. This product has received authorization from the Financial Services Authority (OJK). Registration is straightforward, available anytime and anywhere. Managing finances is made easier with everything at your fingertips. Download M2U ID now and experience the convenience of saving in gold starting from Rp 10,000. Save in gold? #M2UinAja.

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