Gold is a popular investment, providing a hedge against currency volatility. It is also an alternative to the stock market and can offer financial security in uncertain economic times. While physical gold is highly illiquid, there are plenty of online dealers who make it possible to buy the precious metal at an affordable price and secure storage for the long term.
While reputable dealers are always best gold sellers online choice for investors, it’s important to understand the pitfalls of purchasing from less-than-legitimate companies. A few common scams include:
Partial delivery: Some gold dealers sell only part of what you order and then disappear, leaving you with an empty box and a promise to deliver the rest for an additional charge. This is why it’s important to only purchase from a dealer with an A+ BBB rating, solid prices and a high volume of positive reviews.
The Future of Gold Trading: Exploring Online Marketplaces
Hidden fees: In addition to the price of gold, some dealers may add on extra fees such as a premium or restocking fee. Be sure to read the fine print and compare prices from several dealers before making a purchase.
A great place to buy gold online is APMEX, which specializes in newly minted gold coins and rare collectibles. Their website features a live gold spot price ticker that works like a stock market chart and their prices are updated in real time. They also have a weekly deals page and offer a variety of ways to invest over time, including buying fractional amounts and opting for in-person delivery at a later date. In addition, they have a full-time customer support team that is available by phone or live chat.