Where Can I Find Gold For Sale?

When you make the decision to buy gold as an investment, do your homework and find out the current price of gold. It fluctuates on a minute-to-minute basis. The prices quote are for 99.995% purity. Make sure you know the percentage gold content within the coins offered. Oftentimes, the amount is 90% or less.

There are numerous precious metal dealers’ websites online. Before purchasing from the very first vendor you run across, check their reputation. The easiest way to do this would be to type in the vendor’s name and the word, “reviews” into the search engine. If the dealer is large enough, they will have reviews written on them.

Well know bullion dealers include KITCO, APMEX and MONEX, to name a few. Each of them has been around for years. If you wish to purchase less than $1,000 in gold, APMEX is more appropriate. If the amount is more, KITCO and MONEX are a better fit.

What do you do if you have less than $500 and still want to buy gold? Don’t worry! You still have several options available to you. The easiest solution is your local coin dealer. By the nature of their business, most coin dealers have a precious metals brokerage part of their business. Most will carry gold in sizes that are less than one ounce. These include 1 gram, 5 gram, 10 gram, ¼ ounce and ½ ounce denominations.

When purchasing from a coin dealer, they will quote you prices at spot value plus a premium. Spot value is the price paid on the commodities exchange for one ounce of pure gold. Because the value of gold is so transparent, dealers have no choice but to quote you the cost of the metal plus their mark-up or margin. On the positive side, buying from a reputable coin dealer can give you the satisfaction of knowing what you are purchasing is, in fact, real gold.

If you don’t feel comfortable paying a marked up price for your gold, another option is eBay. At any given point in time, eBay has hundreds of gold auctions running. These auctions feature every imaginable type of gold including bullion, coins, rounds, bars and scrap. Final auction prices tend to be within a couple of dollar of gold’s spot price. The drawback to eBay is the uncertainty of the product you are bidding on. To help mitigate this issue, only bid on auctions where the seller has more than 100 or more reviews and a seller score of 99.0% or better.

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