If you also want to invest your money in gold and better protect your financial stability, then the first thing that you have to know is where to buy gold.
The Online Gold Dealers and Auction Sites
The internet has made it possible for us to easily get in touch with providers, among which are gold coin dealers. Through their websites, you can now easily purchase gold coins at a very affordable price. The gold dealers can afford to offer us better gold prices because there's no longer the need to deal with the middlemen just so you could purchase gold coins. Instead, you can now go straight to the gold coin dealer who can give us a discount of about 1% or less from the actual current spot price of gold in the market.
Aside from the online gold dealers, you can also purchase gold coins at an online auction site. The benefit of purchasing gold coins at an online auction site is that you will be given tons of choices to choose from. However, the disadvantages of online auction sites seem to outweigh the advantages. For one, you won't be dealing directly with the gold dealer. In the end, you just might end up paying more for a single coin or worse buying a fake one. For this reason, you have to choose the seller wisely if you don't want to be tricked out of our money. You should choose a seller who has a good reputation within the online auction site, and one who has received very good feedback from his clients. Two, it is also riskier to purchase gold coins at an online auction simply because insurance as well as storage options are not being offered.
The Local Gold Dealer and Brick and Mortar Gold Auction House
Buying from a local gold dealer is perfect for those who simply mistrust online transactions. Not only will they be given the opportunity to actually meet the seller first, but they are also given the chance to give the gold coin a very thorough inspection before actually making any purchase. If this is your first time to buy gold coins, then being accompanied by a gold expert will do your cause a lot of good. He can tell you whether or not the gold coin is authentic.
On the other hand, you can also look for brick and mortar gold auction houses. The best thing about going to auction houses is that you can easily build connections with people of similar interest, not only to make a gold coin purchase. You have to be wary though of purchasing at these places because you might also end up paying more for a poorly handled gold coin.
Jennifer Dominguez is a freelance writer specializing in gold investments. She is a regular contributor to www.unitedrarecoins.com.Related Posts:
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