Gold has been and remains one of the most popular forms of investment in any economic situation, especially during a crisis. Gold is a suitable asset to protect money from devaluation, inflation and market collapse. Interest in gold is currently high: many experts are convinced that the price of the precious metal will rise in the coming years. We will tell you how to invest in gold without exposing your gold purchase to unnecessary risks.
If you have decided to invest in gold, the question arises – where to buy gold? In this article, you will learn how to find a reliable precious metal dealer and what criteria to look out for.
1. Range of products
The range of investment gold products consists of coins and bars, and there are endless variations between these two shapes. The investment gold products range offered by good dealer is always so different to suit each individual’s budget and investment goals.
If you want to buy gold online with delivery, visit the gold coin and bar dealer’s website. Such online stores provide the opportunity to buy gold also physically in their stores, so before the purchase you have the opportunity to see the investment gold product.
If a precious metal dealer has a user-friendly online store, as well as a physical store – e-shop and physical store – are already a good indicator of professionalism.
- An important point is the dealer’s direct cooperation agreements with gold producers (precious metal mints). If the dealer is the official representative of the mint, the doubts about his professionalism immediately disappear – none of the LBMA-certified mints will risk their reputation by concluding a contract with a dubious precious metal dealer.
Gold miners and mints strictly inspect dealers for factors such as the company’s solvency, reputation and strict compliance with the legal framework (including AML).
The dealer must also provide consultations by phone and respond to emails. Once you have found out what a particular dealer has to offer, be sure to buy gold at the best price.
Pricing is one of the most important factors in deciding where to buy gold. However, one of the problems that investors often face is their attempts to buy gold for a “too good price to be truth”.
Many people believe that the best place to buy gold is from a dealer who offers the cheapest price. This is where negative experiences occur most often, because when choosing the seller with the lowest price, the greatest chance of receiving an inappropriate or low-quality product, as well as the seller is unable to provide professional consultations.
If you find a precious metal dealer whose deal seems too good to be true, one who wants to meet you in the supermarket car park, run as fast as you can…
- The most important thing is not to blindly buy the cheapest gold, especially with free shipping. Buy only at a fair price from a well-known gold dealer!
What does it mean to be a precious metal dealer with good reputation?
Being a dealer with good reputation means providing services with a high sense of responsibility in accordance with ethical standards and doing business with the customer in accordance with the rules and regulations. This means selling quality gold products, complying with the obligation to offer only authentic products and selling them at fair prices. It also means buying gold products at a reasonable price if the investor decides to sell them back.
- At the same time, purchase prices must be available to the customer at all times and not on demand.
How do I know if a dealer is a professional before making a transaction? There are many things to consider before choosing your first place to buy gold.
- Make sure that the dealer offers a fair gold buy back policy, does not sell gold only “to order”, but keeps gold bars and coins in stock, thus ensuring immediate availability of goods.
All this will make it easier to work with the dealer, regardless of whether you want to buy or sell gold. An important factor is the dealer’s experience in the gold market, the older the company, the clearer is the opinion about it.
It is important to buy gold coins and bars at a fair price from a dealer with good reputation. But when it comes to buying gold, there is another part of the deal that is often overlooked – customer service. A good dealer is ready to inform customers about new products and ready to answer questions and requests online, in person and by phone at any time.
- It is best practice to buy gold from a dealer whose staff is always ready to answer your questions. They can tell you about investment opportunities and show professionalism by answering questions, calls and e-mails quickly, as well as fulfilling orders quickly. The best place to buy physical gold and silver is a dealer who values each customer.
We would like to remind you that Tavex has been a dealer of investment precious metals in Latvia for 20 years, representing in Latvia such investment gold producers as PAMP Suisse, Valcambi SA (Switzerland), Austrian Mint (Austria), The Perth Mint (Australia), Rand Refinery (South Africa).
For more information, we offer to apply for a free consultation.
Disclaimer: This report is prepared as a marketing statement by SIA Tavex marketing department for informational purposes only. The information or opinions expressed in this report (regardless of the source of the information) should not be construed as suggesting, advising or soliciting an offer to buy or sell any financial instrument. The information in this report does not constitute investment or tax advice and does not consider specific investment objectives, risk appetite and the financial position of the message recipient. This article may not be distributed, copied, reproduced or altered without a prior written consent of the Company. To avoid any misunderstanding, any additional information, which should not be considered a recommendation and / or advice, can be obtained from the company upon request.