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How To Buy Gold Safely Online

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TopConsumerReviews.com provides unique articles that you won't find anywhere else on the internet. These articles are designed to help you make the most informed decisions possible.

How To Buy Gold Safely Online

Investors who want to jump on the gold-buying bandwagon have numerous options on how to invest in the precious metal. Whether buying gold in its physical form – jewelry, coins or bars – or buying shares in a gold exchange traded fund, buyers should always fully research their options and the seller to ensure they will not be ripped off.

The price of gold has fluctuated wildly over the last year, with prices starting at $1,700 at the start of 2012, and spiking as high as $1,800 in October of that year. Despite the unpredictable change in value from one day to the next, it's never too late to invest in gold.

There are a myriad of reasons why investing in gold is a good idea. The biggest reason is that unlike paper currency, gold is not affected by inflation or global uncertainty. During times when a country's paper currency is losing value, gold will gain in its worth.

But how does one safely invest in the precious metal? One of the most popular ways to invest in gold is through online brokerages and gold-selling companies. Purchasing shares in a gold exchange traded fund, or even buying gold in the bulk form of bullion, is risky for the investor who has never done it before. It's important to follow a few rules if you plan to buy gold online for the first time.

  • Hire a broker: The best way to get sound advice and a more secure investment is to make it through an accredited gold broker. The Better Business Bureau keeps a list of brokers who have proper accreditation and a solid reputation for trading and investing in the precious metal. Investors also can see any prior complaints about a gold broker on the BBB's website, as well as recommendations from previous customers.
  • Know the Market Price: Prior to buying, selling or trading, it is important to know the current market price, also known as the "spot price", of gold. Websites such as monex.com list the current spot price of gold. Knowing this information will help investors to negotiate a fair price when they are buying or selling gold.
  • Do Your Homework: Before clicking the "buy now" button on any gold buying or investing website, it is best to do some research on gold buying and the gold market. There are four kinds of gold investment that can be made: gold bullion, gold exchange traded notes, gold exchange traded funds and gold miner stocks. Buying the bullion form (jewelry, coins, and bars) is the safest bet. There is more risk associated with buying the traded notes and funds, and investing in gold miner stocks is the riskiest venture of all. Gold coins are the most prized way to invest because they have many uses: collector item, low bar for entering the investment market and easy to cash in. The only down side to coins is that they often have other metals mixed in, so they are not pure gold. Prices for gold coins also tend to fluctuate more rapidly than for other forms of gold. The most stable form of gold is the bar form.
  • Know Your Limit: Prior to making any investment, it is best to establish a pre-set limit for spending. If the investor has $5,000 to spend, find ways to diversify your investment to make the best use of that money. If an investor has less than $2,000 to spend, it will be best to consult a broker to find the best use for your limited resources.

Analyst: Time To Sell Bitcoin And Buy Gold Miners (GDX)

From Collin Kettell: In this interview, metals analyst Jeff Berwick explains how he's been surprised by just how good the crypto space has done this year. He was telling everyone to buy bitcoin back in 2011 and has continued to recommend it. Jeff ...

Published:  Mon, 20 Nov 2017 03:39:00 GMT



5 Gold Stocks With Recent Insider Buying

Each month, I highlight recent insider buying at gold miners. I see insider buying as a positive sign; it implies that insiders are bullish on company stock and think the price will rise. Here are five gold stocks with recent insider buying and my thoughts ...

Published:  Mon, 20 Nov 2017 01:45:00 GMT



These Doomsday Preppers Are Starting to Switch From Gold to Bitcoin

"Buy bitcoin" is now a more popular search phrase than "buy gold" on Google. The buzz is starting to impinge on gold's role as a store of value especially since, like the precious metal, there's a finite supply of bitcoin, which proponents say ...

Published:  Sun, 19 Nov 2017 21:00:00 GMT



Gold Buy Signal Leads To Push Higher

In recent weeks, we have been focusing on 1260.00 support in Gold, as a "˜line in the sand' for buyers. That level has held firm in recent weeks as we can see below, with price beginning to make a swing higher last week. Notice the fakey signal on the ...

Published:  Sun, 19 Nov 2017 18:53:00 GMT



Iranian Olympic athlete to sell gold medal for earthquake relief

Weightlifter Kianoush Rostami won his gold medal in Rio last summer but says it belongs to the people of his home country. Rostami, 26, is auctioning off his medal to raise money for those affected by the 7.3-magnitude earthquake that rocked the Iran-Iraq ...

Published:  Thu, 16 Nov 2017 12:29:00 GMT



Olympic Weightlifter To Sell Gold Medal For Iran's Earthquake Victims

Olympic gold medalist Kianoush Rostami of Iran is auctioning off his prestigious medal to raise money for the victims of Sunday's catastrophic earthquake on the Iran-Iraq border, which has left at least 530 people dead and thousands injured.

Published:  Tue, 14 Nov 2017 13:44:00 GMT



Bitcoin RIVAL: Could you make money from GOLD Glint challenges cryptocurrency giant

Users will be able to make payments through mobile phone apps or a conventional MasterCard, allowing anyone to buy, sell and gift gold by the gram - or fraction of a gram. The e-money enterprise based on the world's oldest currency could challenge ...

Published:  Mon, 20 Nov 2017 00:37:00 GMT



Sell Ray Dalio Your Gold, Get Free Copy Of Principles

Bridgewater Associates chief Ray Dalio has been doing some marketing recently, hitting to road to hawk his hardcover life's work all the way to the top of the New York Times bestseller list (albeit briefly). But Ray hasn't only been selling. He's ...

Published:  Tue, 14 Nov 2017 03:51:00 GMT



Turks follow Erdogan's call to get rid of dollars & buy gold

The latest World Gold Council report shows Turkey has sharply ramped up gold buying with both the central bank and ordinary people joining the rush. "Bar and coin purchases, a measure of investment demand, were 47 metric tons so far in 2017, compared ...

Published:  Wed, 15 Nov 2017 02:42:00 GMT



Brazil's Serabi to buy Coringa gold project for $22 mln

LONDON, Nov 14 (Reuters) - Brazilian miner Serabi Gold said on Tuesday it would buy Brazil's Coringa gold project for $22 million from Anfield Gold Corp, a move that will double its production and lower its overall costs. The purchase price for Coringa ...

Published:  Tue, 14 Nov 2017 05:10:00 GMT



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