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      June 23, 2018

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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.

Gold hits 6-month low as investors sell, dollar climbs

LONDON (Reuters) - Gold prices sank to six-month lows on Thursday as investors sold holdings in the physical market and the dollar climbed due to expectations of higher interest rates in the United States. Spot gold XAU= was down 0.4 percent at $1,262.78 ...

Published:  Thu, 21 Jun 2018 23:49:00 GMT



Why I'm buying gold for the first time since the election

I've been bearish on gold, to say the least. After a 7 percent slide since its April high, it's lost a bit of its luster. But the setup has strengthened, and I'm buying what I like to call "the most expensive doorstop" in the world for the first time since ...

Published:  Thu, 21 Jun 2018 11:22:00 GMT



Gold Price Prediction - Gold Rebounds as Fast Stochastic Generates Buy Signal

Gold prices rebounded from session lows closing up slightly on the session, after hitting a fresh 6-month low. The risk of a global trade war helped buoy gold prices. Target support on the yellow metal is seen near the December 2017 lows at 1,236.

Published:  Thu, 21 Jun 2018 17:47:00 GMT



Gold Galaxy S9 and S9 Plus go on sale June 24 at Best Buy and Samsung

If the Galaxy S9 and S9 Plus don't grab you in lilac purple (our current fave) or coral blue, Samsung is offering up a new shade for its flagship phones: Sunrise gold. Samsung says that this color will have a "satin gloss finish", a first for Samsung ...

Published:  Wed, 20 Jun 2018 06:00:00 GMT



Katoro Gold to buy Haneti Nickel project from Kibo Mining

StockMarketWire.com - Katoro Gold said Friday it had entered into an agreement to buy the polymetallic Haneti Nickel project in Tanzania from Kibo Mining for £0.2m in shares. Under the terms of the deal, Katoro would pay £0.2m, through the issuance of ...

Published:  Thu, 21 Jun 2018 23:34:00 GMT



Gold Looks Bearish: Is That A Reason To Buy

A bearish time of the year for gold. Rate hikes could be bearish, and the dollar is weighing on gold. Gold in euros and yen is strong. Trade issues- Bullish or Bearish Just like in 2016 and 2017, gold came out of the gate at the start of 2018 and moved to ...

Published:  Wed, 20 Jun 2018 04:25:00 GMT



Dave Ramsey: Focus on debt, not buying gold, silver

Dear Dave: I make about $240,000 annually, and I will be maxing out my 401(k) contributions this year. I have $60,000 in student loan debt I'm trying to pay off, a small amount left on my home mortgage, plus I've been investing in a lot of gold and silver.

Published:  Thu, 21 Jun 2018 13:01:00 GMT



Should You Be Tempted To Sell Barrick Gold Corporation (TSE:ABX) At Its Current PE Ratio

Barrick Gold Corporation (TSX:ABX) is trading with a trailing P/E of 16.2x, which is higher than the industry average of 11.2x. Although some investors may jump to the conclusion that you should avoid the stock or sell if you own it, understanding the ...

Published:  Wed, 20 Jun 2018 13:28:00 GMT



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