The Role of Education in Increasing the Success of Gold Investment in Gunungsitoli
DOI:
https://doi.org/10.61987/communautaire.v4i1.818Keywords:
Gold Investment, Financial Literacy, Education, Investor TrustAbstract
This research aims to explore the role of education in increasing the success of gold investment in central poin. Gold has historically been a reliable asset, particularly in developing countries like Indonesia, offering stability amidst economic volatility. However, despite its benefits, many local investors face challenges, such as fluctuating prices and the risk of fraud, which highlight the need for enhanced financial education. The study employs a mixed-methods approach, combining quantitative surveys and qualitative interviews to gather data from gold investors. The findings reveal that gold is considered a safe-haven investment amidst economic uncertainty, with educated investors more likely to view it as a means of portfolio diversification. Additionally, trust-building between local traders and investors is crucial for creating a stable investment environment. Furthermore, access to accurate and timely information significantly boosts investor confidence and decision-making. The study highlights the importance of investor education in mitigating risks and ensuring informed decision-making. Recommendations include increasing financial literacy programs and enhancing the accessibility of educational resources for local investors. This research contributes to the growing body of knowledge on gold investment and offers practical insights for both investors and local gold traders.
References
Almansour, B. Y., Elkrghli, S., & Almansour, A. Y. (2023). Behavioral Finance Factors and Investment Decisions: A Mediating Role of Risk Perception. Cogent Economics & Finance, 11(2), 2239032. https://doi.org/10.1080/23322039.2023.2239032
Almeida, A., Feria, J., Golpe, A., & Vides, J. C. (2024). Financial Assets Against Inflation: Capturing the Hedging Properties of Gold, Housing Prices, and Equities. National Accounting Review, 6(3), 314–332. https://doi.org/10.3934/NAR.2024014
Binh, N. T. T. (2024). Comparative Analysis of Gold, Art, and Wheat as Inflation Hedges. Journal of Risk and Financial Management, 17(7), 270. https://doi.org/10.3390/jrfm17070270
Bui, L. D., Chi Le, T., Ngoc Quang, A. H., & Wong, W.-K. (2021). Determinants of the Possibilities by Investors' Risk-Taking: Empirical Evidence From Vietnam. Cogent Economics & Finance, 9(1), 1917106. https://doi.org/10.1080/23322039.2021.1917106
Chiang, T. C. (2021). Geopolitical Risk, Economic Policy Uncertainty and Asset Returns in Chinese Financial Markets. China Finance Review International, 11(4), 474–501. https://doi.org/10.1108/CFRI-08-2020-0115
Civardi, C., Moro, A., & Winborg, J. (2024). "All That Glitters Is Not Gold!": The (Unexplored) Determinants of Equity Crowdfunding. Small Business Economics, 63(1), 299–324. https://doi.org/10.1007/s11187-023-00813-y
Costantino, C., Mantini, N., Benedetti, A. C., Bartolomei, C., & Predari, G. (2022). Digital and Territorial Trails System for Developing Sustainable Tourism and Enhancing Cultural Heritage in Rural Areas: The Case of San Giovanni Lipioni, Italy. Sustainability, 14(21), 13982. https://doi.org/10.3390/su142113982
Danzman, S. B., & Meunier, S. (2023). Mapping the Characteristics of Foreign Investment Screening Mechanisms: The New PRISM Dataset. International Studies Quarterly, 67(2), sqad026. https://doi.org/10.1093/isq/sqad026
Darvishan, S., Heidari, S., & Zarei, M. (2024). Investigating the Impact of Investor Sentiment and Volatility on Investment Behavior in the Gold Market. Journal of Accounting, Financial and Economic Sciences, 4(4), 136–143. https://doi.org/10.61186/jafes.4.4.136
Do, M. D., Tran, T. D., Nguyen, H. N., Le, N. M., & Ninh, D. H. (2023). Is Gold an Inflation Hedge in Vietnam? A Non-Linear Approach. Cogent Economics & Finance, 11(2), 2244857. https://doi.org/10.1080/23322039.2023.2244857
Espinosa, P. R., & Verney, S. P. (2021). The Underutilization of Community-Based Participatory Research in Psychology: A Systematic Review. American Journal of Community Psychology, 67(3–4), 312–326. https://doi.org/10.1002/ajcp.12469
Gokhale, G. M., & Mittal, A. (2024). Exploring the Nexus of Capital Market and Investor Behaviour: A Systematic Literature Review. International Journal of Economics and Financial Issues, 14(2), 65. https://doi.org/10.32479/ijefi.15638
Goud, M. M. (2022). A Study on the Saving and Investment Behaviour of Individual Investors. Journal of Commerce and Accounting Research, 11(1), 23.
Hazgui, S., Sebai, S., & Mensi, W. (2022). Dynamic Frequency Relationships Between Bitcoin, Oil, Gold and Economic Policy Uncertainty Index. Studies in Economics and Finance, 39(3), 419–443. https://doi.org/10.1108/SEF-05-2021-0165
Janzen, R., Ochocka, J., & Stobbe, A. (2017). Towards a Theory of Change for Community-Based Research Projects. Engaged Scholar Journal: Community-Engaged Research, Teaching, and Learning, 2(2), 44–64. https://doi.org/10.15402/esj.v2i2.165
Juisin, H. A., Amin, H., & Shaikh, I. M. (2023). Determinants of Shari'ah Gold Investment Behaviour: The Case of Penang, Malaysia. Journal of Islamic Marketing, 14(12), 3228–3246. https://doi.org/10.1108/JIMA-11-2021-0360
Logue, D., & Grimes, M. (2022). Living Up to the Hype: How New Ventures Manage the Resource and Liability of Future-Oriented Visions Within the Nascent Market of Impact Investing. Academy of Management Journal, 65(3), 1055–1082. https://doi.org/10.5465/amj.2020.1583
Muttaqin, A., & Putri, A. B. (2024). The Determining Factors Influences Student Gold Investing Interest. Jurnal Dinamika Manajemen Dan Bisnis, 7(1), 1–12. https://doi.org/10.21009/JDMB.07.1.1
Ogunlusi, O. E., & Obademi, O. (2021). The Impact of Behavioural Finance on Investment Decision-Making: A Study of Selected Investment Banks in Nigeria. Global Business Review, 22(6), 1345–1361. https://doi.org/10.1177/0972150919851388
Rasheed, H., Ahmad, H., & Javid, A. Y. (2021). Is Gold a Hedge and Safe Haven During Political Uncertainties. Business & Economic Review, 13(2), 1–28. https://doi.org/10.22547/BER/13.2.1
Showkat, M., Nagina, R., Nori, U., Baba, M. A., & Shah, M. A. (2024). Empowering Women in the Digital Age: Can Digital Financial Services Fulfil the Promise of Financial Autonomy and Gender Equality in the Attainment of Sustainable Development Goal 5? Cogent Economics & Finance, 12(1), 2342459. https://doi.org/10.1080/23322039.2024.2342459
Sood, K., Pathak, P., & Singh, S. (2023). Behavioral Finance and Investor Types: Managing Behavior to Make Better Investment Decisions. Qualitative Research in Financial Markets, 15(5), 907–912. https://doi.org/10.1108/QRFM-11-2023-237
Su, C.-W., Pang, L., Umar, M., & Lobonţ, O.-R. (2022). Will Gold Always Shine Amid World Uncertainty? Emerging Markets Finance and Trade, 58(12), 3425–3438. https://doi.org/10.1080/1540496X.2022.2050462
Susanti, A., Farida, A., & Ardyan, E. (2023). Does Financial Literacy Affect Decisions Regarding Gold Investments? Risk Perception, Income, and Financial Behavior of the Surakarta Community. International Journal of Economics, Business and Management Research, 7(12), 142–162. https://doi.org/10.51505/IJEBMR.2023.71209
Umeaduma, C. M.-G. (2024). Behavioral Biases Influencing Individual Investment Decisions Within Volatile Financial Markets and Economic Cycles. International Journal of Engineering Technology Research Management, 8(3), 191.
Verghese, J., & Chin, P. N. (2022). Factors Affecting Investors' Intention to Purchase Gold and Silver Bullion: Evidence from Malaysia. Journal of Financial Services Marketing, 27(1), 41–51. https://doi.org/10.1057/s41264-021-00092-2
Wenham, C., Busby, J. W., Youde, J., & Herten-Crabb, A. (2023). From Imperialism to the "Golden Age" to the Great Lockdown: The Politics of Global Health Governance. Annual Review of Political Science, 26(1), 431–450. https://doi.org/10.1146/annurev-polisci-052521-094633
Wittekind, C. T., & Faxon, H. O. (2023). Networks of Speculation: Making Land Markets on Myanmar Facebook. Antipode, 55(2), 643–665. https://doi.org/10.1111/anti.12896
Xu, Y., Su, C.-W., & Ortiz, J. (2021). Is Gold a Useful Hedge Against Inflation Across Multiple Time Horizons? Empirical Economics, 60(3), 1175–1189. https://doi.org/10.1007/s00181-019-01807-0
Yulianis, N., & Sulistyowati, E. (2021). The Effect of Financial Literacy, Overconfidence, and Risk Tolerance on Investment Decision. Journal of Economics, Business, and Government Challenges, 4(1), 61–71. https://doi.org/10.33005/ebgc.v4i1.172
Yusoff, Z. Z. M., Azman, N. A., Masarudin, N. M. A., Selamat, N. Q., Yusof, N. S., Yusri, N. A. H. R., & Suryani, A. W. (2024). Reflections of Economic Shocks and Price of Crude Oil on Gold Price Volatility Within Asian Nations. Information Management and Business Review, 16(3), 799–816. https://doi.org/10.22610/imbr.v16i3S(I)a.4169
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2025 Calvin Andika Telaumbanua, Asilika Waruwu, Franky Kristian Mendrofa, Ellen Carolina Putri Daeli, Noriwati Lase, Irene Zega, Putri Amirah Hafidz Harefa, Azeti Harefa, Maria Magdalena Bate’e

This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.










