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A record run-
Precious metals such as gold, silver and platinum have risen in the past 10 years, making commodities one of the hottest investments in the United States.
Everyone is talking about investing in gold.
Gold was particularly popular as its almost relentless price rise began with a fall in the stock market in 2000.
Stock prices are still ragingdepressive --
One day down, the next day recovered. -
Investors are already nervous enough to find alternatives.
But gold and silver are not as easy and familiar as mutual funds.
Some experts believe that precious metal traders often cheat investors by using the innocence of gold buyers©.
What is the worst way to buy gold?
Google Cloud service disruptions missing connadik's mother, Virginia Beach shooting protesters, interrupted Harris's purchase of "rare" coins.
Internet and hard
Sales telemarketers will tell you that the best way to kill people in the gold market is to buy their "rare" peas or coins.
Don't be fooled.
Most of these coins are neither rare nor real.
Experts believe investors lose millions of dollars a year to buy counterfeit money.
Consumer protection lawyers in several states, including Florida, Texas and New York, issued warnings and prosecutions involving rare coin scams as precious metal prices began to rise.
The scam continues to spread.
If you buy gold because you want gold as an investment-
In other words, what you intend to resell one day ---
It is not uncommon to buy regular coins and it is recommended that Stuppler Barry Stuppler & Co.
He is a precious metal dealer in Woodlands Hills, California.
The easiest coin to trade is-
Ounce Canada Maple Leaf, American golden eagle and the United State Buffalo.
Gold jewelry in South Africa is also popular, with a large supply and circulation of about £ 54 million, Ash added.
This means that they will trade gold at a price close to the spot price and are easy to sell. }
Additional fees are paid.
Adrian Ash, head of research at the gold vault, said the shocking number paid a huge premium over gold's "spot" price.
A reputable dealer will charge 5% of the spot price, which is the wholesale price, he added. Don't pay more.
How to find the spot price?
You can access the live update of Bullion Vault;
Or check the price in Kitco. Buying bars.
If you buy a gold strip that usually contains 400 ounces of gold, you pay a smaller premium, Ash says.
The stupid person retorted that the problem is that you have to invest more money and when you sell, you have to find another investor who is willing to buy in large quantities.
A fool thinks
Ounces of coins are easier to trade and store.
Through a website.
Many sites that promise to trade gold have little history and may not even have street addresses.
So where will you find the dealer when your gold bars don't arrive, or the result is made of lead?
If you want to buy gold, find a distributor of members of the professional money Association, which has a strict membership code that will convince you that you are not dealing with cheats or fliesby-
Overnight operations, says Ash, and stupid people, gold trading on eBay is also hot.
But investors usually pay a much higher price than the spot price, because they are stuck in the bidding ---
They may also end up paying extra shipping.
Use unallocated storage ".
"When a bank sells you gold and continues to" hold "it for you, it is usually in unallocated storage," Ash said.
If the bank goes down, then you are the creditor of the bank, not the depositor who gets the benefits of FDIC insurance.
Both experts believe that you should pay for storing your gold in a safe or some kind of custodian.
If you don't want to pay the annual storage fee, you can buy a home safe from Costco for about $120, which is probably your safe deposit fee for two to three years at the bank.