Summary: The value of gold keeps going up, but to take advantage of it, you will need to find a reputable coin dealer. With gold being such a hot commodity, you will need to do your homework before investing with any coin dealer.
If you plan on investing in gold bullion, you have certainly picked the right time to do it. After all, the value of gold is at record-highs, and it is expected to keep rising for quite some time. However, to get the most value for your money, you will need to find a reputable coin dealer to work with. You would never consider using a sub-par realtor to sell your house, so why would you trust your gold investment to anything less than the best coin dealer?
But, how do you find someone who's reputable? Start by asking these 3 questions:
1. How big is the company?
Bigger isn't always better, but it will give you an indication of how stable the company is. A big coin dealer company has likely been in business for awhile - and plans to stay that way. You need a coin dealer that is going to be in business for the indefinite future; fly-by-night coin dealers are simply too risky to trust your investments with.
Whether you are interested in a gold coin collection or gold bars, if there is ever a problem with your gold bullion, you will need to discuss it with the coin dealer. If the company is out of business, you will be out of luck.
2. Do they sell premium coins?
Certain coins - like Gold American Eagles and Silver American Eagles - are only manufactured in limited quantities by the U.S. government, and they are only made available to the best coin dealers. If the coin dealer you're interested in working with has a variety of premium coins available, you know you're dealing with someone who is reputable.
3. Does your potential coin dealer make the rounds at coin shows and auctions?
Coin shows and auctions are like continuing education in the coin dealer world; that's where they find out about the latest trends and the latest values. If your coin dealer doesn't spend time at coin shows and auctions, you cannot possibly expect him to know everything he needs to about gold bullion - meaning he is not as knowledgeable as he could be about your investments.
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