5 Must-Dos When Buying Gold and Silver

PHOENIX - Aug. 16, 2013 - PRLog -- Physical gold and silver are popular alternatives to investing in the stock market, as they are more secure and independent of market or government influence. And, based on the instability of the markets and national economies over the past few years, the idea of investing in physical gold and silver is gaining in popularity. Whether you are new to the physical precious metal investing world, or a seasoned veteran, there are a number of things you should always keep in mind when purchasing physical silver or gold.

 

Investigate the seller. In short, don’t buy from someone who is not trustworthy and accredited. There are plenty of people out there who are trying to make a quick buck with a scam. If prices or other components of the transaction seem too good to be true, that’s a red flag. Put simply, if the firm does not have a solid BBB rating, do not buy from them. Gold and Silver Online is accredited by the BBB with an “A” rating.

 

Pay a fair price. When you make your purchase, pay a price that is based on up-to-the-minute spot price of the metal. Again, if the price is too good to be true, then you are probably about to buy something fake.

 

Ensure your purchase items are fresh. If you are buying new bars, make sure that the items are in perfect condition. Do not accept bars with even moderate scuffs or dings, unless you are buying used or older items and are aware of the condition. Some shady dealers buy scuffed bars for under the spot price, then turn around and sell them to unsuspecting consumers. Don’t let this happen to you; inspect the purchase. If the dealer does not allow you to, it’s a red flag. Coins are a different story; some coins are inevitably worn. Just understand the condition before you buy.

 

Have your payment ready. It is best to buy physical gold or silver using a check or money transfer. Have these funds available before making the transaction. Using a credit card to make physical gold or silver purchases can cost more than paying with real money.

 

Ensure the dealer uses US Postal Service only when shipping your purchase. FedEx or other carriers may seem more convenient and efficient, but your shipment should only be made through the US postal service. The reason is that the USPS has a postmaster general, and other carriers like FedEx do not. If there is a problem, you might be out of luck with other carriers. Sending payment via FedEx or other carriers is fine; just make sure your items are sent via USPS.

 

For Further more information about buy gold coins online in usa  and  visit  www.goldandsilveronline.com

 

 

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