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      April 26, 2019

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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.

China Buys Gold While Retail Investors Buy Equities

The precious metal, gold, touched its lowest level for 2019 yesterday, extending its losses for the year all the way down to $1,266. The primary reason for this is the strong rally in the global ...

Published:  Thu, 25 Apr 2019 02:01:00 GMT



Have Insiders Been Buying Brigadier Gold Limited (CVE:BRG.H) Shares This Year?

We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. The flip side of that is that there are more than a few examples of insiders ...

Published:  Wed, 24 Apr 2019 10:58:00 GMT



4 Things to Watch When Buying Gold

It could take a lot of patience for those looking to buy gold. Gold prices are often volatile and can jump or drop depending on a multitude of factors. However, here are four key factors investors may ...

Published:  Tue, 23 Apr 2019 12:31:16 GMT



Gold prices are on pace for a second straight gain as U.S. stocks slump

It was up 0.6% week to date. A stronger U.S. unit can make buying the buck-pegged commodity comparatively more expensive for investors using other currencies. Gold "formed a high of $1,346 in February ...

Published:  Thu, 25 Apr 2019 07:57:00 GMT



Commit To Buy Freeport-McMoran Copper & Gold At $8, Earn 7.6% Using Options

Investors considering a purchase of Freeport-McMoran Copper & Gold (Symbol: FCX) stock, but cautious about paying the going market price of $12.48/share, might benefit from considering selling puts ...

Published:  Thu, 25 Apr 2019 09:18:00 GMT



Recent Moves by Yamana Gold Put AUY Stock High up on the Buy List

I don't know if the management team at Yamana Gold (NYSE:AUY) thought about the ramifications of selling its Chapada copper and gold mine in Brazil other than substantially reducing its debt.

Published:  Tue, 23 Apr 2019 09:21:00 GMT



Gold steady near 4-month low, pressured by strong dollar

U.S. gold futures settled $6.20 higher at $1279.40. This "insignificant move in gold is just a technical bounce from the hard sell-off yesterday," said David Meger, director of metals trading at High ...

Published:  Tue, 23 Apr 2019 19:49:00 GMT



Some Relative Strength Comparisons For Gold

In today's report, we'll examine the single biggest factor which is keeping market-moving institutions from buying gold, namely the strong U.S. stock market. As I'll argue in today's report ...

Published:  Wed, 24 Apr 2019 12:05:00 GMT



UPDATE 1-Aurelia Metals in talks to buy Glencore copper mine in Australia

That comes after copper producer Aeris Resources Ltd earlier this month said it was unable to reach an agreement with Glencore on its $575 million offer to buy the mine ... following its acquisition ...

Published:  Thu, 25 Apr 2019 18:14:00 GMT



Eldorado Gold (EGO) Expected to Beat Earnings Estimates: Should You Buy?

The market expects Eldorado Gold (EGO) to deliver a year-over-year decline in earnings on lower revenues when i t report s results for the quarter ended March 2019. This widely-known consensus outlook ...

Published:  Thu, 25 Apr 2019 08:34:00 GMT



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