Tips for Buying Gold
If you are buying gold as an investment, purchase your gold at various prices. Gold investing is like investing in stocks, you want to buy at the lowest possible price with the intent of selling it at a higher price later.
If you are buying gold to use in the event of the collapse of the U.S. dollar, buy gold coins, bars, or jewelry whenever possible. Keep in mind that if your need to use your gold as currency, you may want to include items that are smaller than an ounce.
You want to avoid large premiums when you buy gold. The premium, or the amount over the market price of gold, is the amount resellers add on in order to make a profit. To get the most out of your investing, try to buy as close to the market price as possible. A target mark-up of 10% or less should be your goal when purchasing gold.
|
Recent Comments