Buy with care.
This means buying from a reputable bullion dealer and not from an online auction site or a jewelry store in the local mall.
First, a gentle reminder of WHAT to buy.
When buying bullion, you have a choice between buying gold bars or gold coins. For ease of storage and selling, it is hard to beat gold coins.
Buy bullion coins such as the American Gold Eagle, Canadian Maple Leaf, South African Krugerrand, Chinese Panda and Australia’s bullion coins.
Above all, avoid stores or websites that make “special offers”. If you look at the right side of this page you’ll see the current price, in US dollars, of one ounce of gold. When you buy a one-ounce coin, the price you are being asked to pay should be within 2% – 5% of the spot price.
Here are a few reputable online dealers you can check out.
Hard Assets Alliance
Dillon Gage, Inc.
15301 Dallas Parkway, Suite 200
Addison, TX 75001
Rare Coins Of New Hampshire
28 Jones Road, Third Floor
P.O. Box 720
Milford, NH, 03055
3601 N. Market Street
Wilmington, DE 19802
You can also explore the mints of the various countries that issue bullion gold coins.
Learn more about the United States Mint.
For Canada, learn more about the Royal Canadian Mint.
For Australia, start with the Perth Mint.
For the UK, learn more about the Royal Mint.
For Mexico, learn about El Casa de Moneda de Mexico.
Do your own due diligence and make sure you are getting what you expect. Remember, the price of a one-ounce coin of pure gold should be about the same, wherever you buy it.
If the price quoted is much lower, you are probably being sold a replica and not the real thing. If the price quoted is higher, then it’s time to check out a different dealer.
Articles on buying gold coins and gold bars…