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How can I Purchase Gold Online?
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How can I Purchase Gold Online?

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Did you know that most of the people on the TV or in the shopping mall are ripping you off? Seriously. They’re paying you 50% less than what your gold is worth. Some of these scam artists will do the …

Did you know that most of the people on the TV or in the shopping mall are ripping you off? Seriously. They’re paying you 50% less than what your gold is worth. Some of these scam artists will do the same thing if you go to buy gold in person or online. You’ve got to know a few things before you buy.
We’ve entered a worldwide crisis and in a crisis gold and silver do very well; they hold their purchasing power when paper money fails, so it pays to learn as much as possible about gold and silver investing. Let me rephrase that; you should have learned about it 10 years ago, now you have to learn about it immediately because paper money is going to zero.
Gold in your hand, physical gold could be 24k, .9999, bullion, or pure gold, but it may not be. It could be a coin that is only .9 or it could be jewellery which is only 18k or a foreign gold coin with brass or copper in it that’s only .750.
http://www.whatisgold.net

Published in: Economy & Finance

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  • 1. How can I
    Purchase Gold
    Online?
  • 2. Did you know that most of the people on the TV or in the shopping mall are ripping you off? Seriously. They’re paying you 50% less than what your gold is worth.
  • 3. Some of these scam artists will do the same thing if you go to buy gold in person or online. You’ve got to know a few things before you buy.
  • 4. We’ve entered a worldwide crisis and in a crisis gold and silver do very well; they hold their purchasing power when paper money fails, so it pays to learn
  • 5. as much as possible about gold and silver investing. Let me rephrase that; you should have learned about it 10 years ago, now you have to learn
  • 6. about it immediately because paper money is going to zero.
    Gold in your hand, physical gold could be 24k, .9999, bullion, or pure gold, but it may
  • 7. not be. It could be a coin that is only .9 or it could be jewellery which is only 18k or a foreign gold coin with brass or copper in it that’s only .750.
  • 8. 24k is .999 or higher
    22k is .916
    21k is .875
    20k is .833
    18k is .750
    15k is .625
    14k is .585
  • 9. 10k is .417
    9k is .375
    8k is .333
    1k is .042
    You’re probably wondering what the heck this all means,
  • 10. right? It relates to jewellery and scrap gold and, if you deal in buying and selling jewellery and scrap gold, you are entering a much more advanced
  • 11. game than a beginner should – at least if they want to save and make money!
    Buy and sell .9999 gold coins and you will have much less hassle.
  • 12. Bars can be a problem when prices get very high, because buyers may not trust that the bar is pure.
    Bullion coins like U.S. Buffalos and Canadian
  • 13. Maples are .9999 and recognized around the world; you could reasonably buy or sell anywhere and the ‘premium’ is low. What’s premium?
  • 14. Premium is the percentage the dealer charges. Gold dealers charge premium every time they buy or sell. This is how they earn money. If they smell a
  • 15. chance to crank up the premium and rip you off, some will. The people buying jewellery on the T.V. and at the shopping mall are ripping you off as much
  • 16. as anyone can.
    So who can I trust? Me, I’ve bought and sold to dealers in many places and I have experienced most rip-offs at the smallest level.
  • 17. I don’t deal with small operators much anymore, unless I’ve known them for a while. I deal with Kitco.com and Goldmoney.com and
  • 18. I buy online. Why? I do it, because they charge the lowest premium. Basically, you can expect to pay very close to the international spot price.
  • 19. A small-timer may tell you some kind of story about ‘fees’ that he is incurring at the mint or that there is a shortage, and use these stories to add 5-15% premium.
  • 20. They’re just lying, straight up.
    Goldmoney.com displays the exact price for which they are buying or selling gold and silver, at any given
  • 21. moment, 24/7. So does Kitco.com.
    There is a difference between these two quality services and I use them both. Goldmoney.com is an
  • 22. online bullion bank. You open an account and transfer cash into the account. You can then use that cash to buy gold, silver, platinum, or palladium
  • 23. any time you wish
    and it’s stored in a vault of your choice in Hong Kong, the channel Islands, or Zurich Switzerland. You can sell your gold
  • 24. any time or trade it for silver and vice versa. You can have Goldmoney.com ship your gold to you at any time too. It’s an outstanding service.
  • 25. Kitco started as a scrap buyer because the founder was originally involved with dentistry – gold teeth and fillings. They evolved into the largest
  • 26. online gold business, period. They buy and sell all precious metals. Beyond this, Kitco publishes hoards of information on the precious metals
  • 27. markets as well as other financial markets, politics and the mining industry. It’s probably the most popular site, worldwide, for precious
  • 28. precious metals information. I have dealt with both Kitco.com and GoldMoney.com and have enjoyed 100% satisfaction as a
  • 29. customer.
    I don’t think buying gold and silver from large banks who take down all of your information is a wise thing to do.
  • 30. This may be the greatest single risk to your wealth, the sharing of information between huge banks and government, regarding precious
  • 31. precious metal purchases. You have much better choices as far as service, security and convenience dealing online with Kitco.com and
  • 32. and Goldmoney.com, no question.
    Further, it’s wise to buy gold and hold it at a foreign location like a summer home or a relative’s home abroad,
  • 33. or in a privately run vault with a solid reputation for security, service and privacy. This helps hedge the political risk by having part of your gold
  • 34. holding in a variety of different jurisdictions.
    Goldmoney.com makes this very easy. For example, you could deposit say $10000 in your new
  • 35. Goldmoney.com account, wait for a pull
    back in the gold price
    and then buy 1 ounce of gold in each Hong Kong, Zurich, and the Channel Islands,
  • 36. spending $4200. You could then spend $3000 on silver and deposit in each of the three and hold the remaining $2800 in Swiss francs or
  • 37. Canadian dollars or some other ‘solid’ paper currency, from a political jurisdiction which hasn’t monetized it’s debt in the form of paper
  • 38. currency, or one that enjoys great natural resource wealth like Norway. You could change this allocation as often as you like with Goldmoney.com
  • 39. Now you have hedged your political risk in numerous ways.
    Shopping online is sensible to begin with, if you value privacy.
  • 40. Purchase Gold Online is a no-brainer, it’s very prudent.