By financen | July 15, 2011 - 3:07 pm - Posted in Gold, Personal Finance

There are large number of gold bullion coins in circulation in all corners of the world. Their main attraction is that they mainly retain nearly full bullion value regardless of either change of government or being transported outside their country of issue. Buying gold online is a great idea, however there are many pitfalls and its very important to understand the risks before you make the purchase.

If you are looking to buy gold over the internet, you can shop with different companies who offer online purchasing and selling of gold bullion. Start buying gold in small quantities and at an economic price. Considering that a purchase can be in the thousands, such savings can be immense and well worth it.

Convenience is also another important factor when you buy gold online. Through internet, you can buy and sell your gold 24/7. You don’t have to go to any physical store and wait for its business hours. The premiums charged for purchasing gold over the internet is much lower than bullion dealers or mints. You might have to pay somewhere in between 2%-3% of the purchase price. When you purchase gold over the internet, you can either allow the dealer to keep your gold in their depository or depending upon where you live in any part of the world, you can take delivery of your commodity.

* What To Be Careful Of When Buying Online

1. One must be very careful while buying gold online. There are many fraudsters who try to imitate real gold for fakes. There are some others who don’t deliver quality products as they suggested.

2. Purchasing gold by a credit card will be a good option. The credit card companies generally offer some protection when you make a big purchase. Though this can be an arduous and timely process, the truth is that it will offer the best protection possible. This applies to almost all credit cards, but it may be worth checking.

3. You should always buy gold from reputable stores. Check the company on the internet before making any purchase. Usually, if a company has any sort of negative feedbacks from its customers, it will be published on the online forums. This information can be invaluable to protect you from those stores.

So, go through the above article carefully to know where to buy gold online.

This entry was posted on Friday, July 15th, 2011 at 3:07 pm and is filed under Gold, Personal Finance. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

1 Comment

  1. August 5, 2011 @ 3:50 am

    In the United states one of the biggest reasons people buy gold and silver online is to avoid the dealer collecting sales tax. If you purchase something from out of state the dealers normally dont have to collect the tax. This is another good reason to buy online.

    Posted by gold price