Category Archives: life

GOLD: INVESTMENT AND FUND RAISING

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Sure everyone knows about Gold. Well this precious metal is one of the most sought since time immemorial.

A little look back, as gold jewelry was already known since 40 thousand years before the Christian era marked by the discovery of gold in Spain in the form of pieces. In the history of the others mentioned also that gold was discovered by the people of ancient Egypt (circa) 3000 BC. While the use of gold as a currency in history began to be used at the time of King Lydia (Turkey) since 700 years before Christ.

If the first people to use gold only as jewelry and tool exchange (currency) course, today many people who make gold as a means for investment because the price tends to rise.

Well, I’ve been too know about gold and how gold prices are determined. Well until one day come true curiosity that the price of gold in Indonesia and how do I determine the investment prospects of the gold because it seems loads of people who invest in saving the precious metal.

After a search here and there at last discovered a rough idea of where the gold price is coming from.
Apparently the price of gold was determined from the fluctuations of world gold in units of USD per troy ounce. 1 troy ounce is equivalent to at 31.1035 grams.

From www.kitco.com website we can see how the trend in gold prices last 10 years, 5 years, 6 months, 60 days, 30 days, and also charts the daily movement of gold prices.

FINANCIAL LIFECYCLE

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In line with the passage of the human life cycle ranging from infants, toddlers, children, adolescents, adults, elderly parents up, then the various views and our financial needs are also always changing according to circumstances. For example, when someone was in the 30s, the chances are greatly enjoying his youth, worked diligently and aggressively, but a race against consumptive lifestyles are grappling with a credit card bill Toward retirement at the age around 50′s, a person typically is trying hard to make sure already have enough money to be able to resume his life after not working, looking for safe
In this opportunity, let us learn some of the keys to financial decisions in each stage of human life – which I think we need to understand thoroughly. Studying it aims to facilitate financial decision-making, what we need to do and what not to do with money from every stage of our lives. Furthermore, the benefits are not just only to increase our own knowledge, but also helps to understand the needs and views of others financially, according to age well.

Because the imperative for us to be able to occasionally put yourself in someone else financially. For a financial decision that can rarely stand alone, both you who are single or married, or you have dependents or you just covered. There are always other people of influence and interests therein.

FINANCIAL: EMERGENCY FUND

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Personal or family finances is important to have the Emergency Fund. When the social protection or social security, there is the term Social Security or the Social Safety Net, then for your personal and family needs no term Emergency Fund.

Generally, the Emergency Fund would be useful when you unexpectedly, a sudden need of funds. Emergency fund would provide basic protection is needed, so you will need money and a very sudden this will not create problems for your immediate environment, such as siblings, parents, brothers, friends, etc..
Emergency funds are needed because:

You never know when it needs it, but then you need cash right away or you need the funds for 3-6 months ahead to ensure that households continue to run normally due to the disruption of our monthly income;
1. At the time of need, you will not have time to collect money;
2. When such needs arise unexpectedly, that moment of truth, you can feel calm and confident that the situation is not as bad as it looks or feels. Because in times of emergency the Emergency Fund was a lifesaver;
3. Emergency Fund will have the value and significance is much greater, perhaps even higher than the gold at the crucial moment, because the funds available and ready to be your savior;
4. You can be saved from the shackles of moneylenders or home loans, which should you avoid when you have an Emergency Fund;
5. Your partner certainly will never forget this incident, where you save him or it could be your household with your Emergency Fund. Therefore, surely he will love you after this.

The way is easy, get used to setting aside 50-10% of your monthly income. Ideally, the Emergency Fund was cultivated always be in an amount equivalent to 3-6 months of your monthly income. Thus, when the Emergency Fund is required to in lieu of monthly income as long as you find a new job, you’re ready.

Do not forget, keep it in a difficult to reach from daily activities. For example: in the form of savings in the bank, but do not provide ATM card facility, or a Money Market Mutual Fund due to the low level of risk so it is quite safe and there is no charge for deposits or withdrawals. When saving you have a kind of standing instruction facility or automatic investment account, make use of.