Are you a student looking to invest your savings to better prepare for your future? Are you already thinking about securing your savings? What if you were interested in investing in gold?
It is true that very often “student” rhymes with “small budget”. In this context, it is difficult to save money and it may seem unthinkable to invest or save. However, building a small kitty from a young age is important. Between financing studies, a driver’s license, a car, leisure, or a real estate purchase in a few years, saving and making your savings grow is necessary. Gold is precisely an accessible solution for these small budgets.
Investing in gold when you are a student, and why not?
Investment gold is accessible to all stock exchanges. Indeed, there is no need to buy it in kilos since you can get it for less than 300€! Thus, gold turns out to be a good alternative to the traditional livret A (which would tend to nibble away at our savings in the medium term).
As you will have understood, investing is the best way to prepare for your financial future, this action can only be beneficial in parallel with your studies. This is the first step towards financial independence, which will initiate a positive dynamic and will ultimately promote the growth of the amount invested. Simply put, the earlier you invest, the better for you. The years of study often correspond to financially complicated years. Thus, earning money through the resale of a coin or an ingot during a rise in the price of gold is always welcome.
Why buy gold when you are a student? Benefits!
Nowadays, diplomas are increasingly valued, which is why students are increasingly opting for long studies. Gold is a long-term and stress-free savings since it can be kept for several years without its owner having to worry about economic crises or possible stock market crashes. Because this precious metal is a universal means of payment and has been used for more than 6,000 years in the trade, it is considered a haven and has never gone bankrupt.
The trends observed over the past twenty years demonstrate a significant rise in the price of gold. Its price has been multiplied by 5! And even if its course seems to have stabilized for a few months, it is clear that it has never been so high.
Moreover, and thanks to its many virtues, the yellow metal is used in the manufacture of many everyday products: jewelry, electronic compounds, and many others. This increased demand makes its price more reliable and stabilizes, or even raises it, particularly in times of market tension or during times of crisis.
Finally, investment gold benefits from an advantageous tax regime, there is no tax on purchase and holding. And in terms of resale, taxation is degressive and zero after 22 years of ownership.
How to invest in gold while being a student
When one is a student, it is preferable to be well-informed and to understand the functioning and the factors which influence the price of gold. In the same way, it is necessary, beforehand, to choose the product of physical gold most adapted to its situation and its projects. Generally, we advise our clients to invest in small quantities and regularly, which makes it possible to limit losses and take advantage of upward movements in the price of gold. This way of saving protects you from inflation and currency depreciation.
Buying gold is easy! Thanks to its Or Investissement range, Oren Cash is a major player in the sale of physical gold in agencies but also online. Our experts are at your disposal to answer your questions but also to advise you on the products best suited to your budget and your projects. The range is wide, you have the choice between a wide variety of investment gold coins but also ingots varying between 5 grams and 1 kg.
Our online gold-buying platform allows you to buy gold coins or bars whenever the time suits you, day or night. In this period of confinement, it seems important to us to allow you to control your savings, regardless of the circumstances.
