Evelyn Nathania Aqilah, Hana Maulidina

THE INFLUENCE OF FINANCIAL LITERACY ON GOLD INVESTMENT DECISIONS-MAKING IN EAST JAVA SOCIETY 2024

Introduction

The influence of financial literacy on gold investment decisions-making in east java society 2024. Explore the positive impact of financial literacy on gold investment decisions among East Java society in 2024. This study highlights how financial knowledge improves investment behavior & well-being.

Abstract

Financial literacy, which includes knowledge, skills and attitudes towards financial matters, is critical for making sound investment decisions. The research of this study is to investigate the impact of financial literacy on investment decisions, particularly gold investment of East Java in 2024. This study takes a quantitative approach, with data collection carried out through an online questionnaire using Google Forms to assess financial literacy and investment behavior, specifically in gold investment. The correlation method is used to investigate the link between financial knowledge and gold investing decisions. The results of this investigation indicate that there is a positive relationship between financial literacy and gold investment decisions. People with a greater level of understanding of finance more likely to invest in gold and exhibit better informed investment behavior. These findings indicate that increasing financial literacy can help people make better investing decisions, hence enhancing their overall financial well-being.

Review

This study investigates the pertinent relationship between financial literacy and gold investment decisions among the East Java society in 2024. The research question is clear and highly relevant, particularly given the enduring popularity of gold as an investment asset in many Asian cultures and the increasing emphasis on financial education globally. By employing a quantitative approach and utilizing an online questionnaire for data collection, the study aims to provide empirical evidence regarding this critical link. The chosen context of East Java offers a specific geographical lens through which to examine these financial behaviors. The abstract effectively communicates the core findings: a positive relationship exists between financial literacy and gold investment decisions, suggesting that individuals with greater financial understanding are more inclined to invest in gold and exhibit better-informed investment behavior. This finding is a valuable contribution to the literature, reinforcing the importance of financial education initiatives to foster sound financial decision-making, particularly concerning tangible assets like gold. The use of a correlation method is appropriate for identifying such associations and provides a foundation for understanding the behavioral patterns observed. While the abstract provides a concise overview, certain methodological details remain underexplored, which would enhance the robustness of the full paper. For instance, specific information on the sample size, sampling technique, and the reliability/validity of the financial literacy and investment behavior measures would be crucial for assessing the generalizability of the findings. Furthermore, while a positive correlation is identified, the abstract's use of terms like "impact" and "influence" should be carefully delineated from what a correlational study can definitively prove versus what it suggests as an association. Future research could delve into the nuances of *how* different dimensions of financial literacy (knowledge, skills, attitudes) specifically shape various aspects of gold investment decisions, and perhaps explore potential mediating or moderating variables within the East Java context.

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