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Friday, February 10, 2006

Where to Buy Gold

There are many places to buy gold and the question is not so much really where to buy gold but what gold to buy.

One can buy gold practically anywhere, from the jeweler down the road, a gold dealer or to the mint or foundry which produces it.

A lot depends on the type of gold you want and why you want it.

If you are collecting simply as a hobby then gold coins and medals collected for aesthetic reasons will likely appeal to you most.

If you want to have gold as an investment or even just to feel more secure in these uncertain economic times then good quality proof gold coins and gold bars can be an excellent buy.

Where to buy gold?

The easiest and probably the safest place is at a reputable dealer online. Buying gold coins and bars online is very easy. There is a vast amount to choose from and you can browse in the comfort of your own home without going to a dealer and feeling that you have to rush your decision.

One can also buy gold coins and bars through auctions. Sometimes one can get an excellent deal through auctions. By the same token one can get a very poor deal so there is a risk involved. The risk lessens as you become more experienced in buying from auctions and more educated in the subject of gold collecting. However, buying from auctions is not for the faint hearted!

Buying from mints is also possible. Many mints will sell direct to the public now and you do have a guarantee that you will get what you are buying. many mints are government owned or controlled so must conform to certain standards. Their products are always well presented and you know that no one has been fiddling with the coins or bars as they come straight from the mint.

In any purchase of gold coins and gold bars, make a note of the gold content in that gold coin or bar and compare with the current value of gold. You can always find out the current value of gold by checking the top of this page where the daily charts are placed or view your local currency gold price.

The most important thing to keep in mind when buying gold coins or bars is to know exactly what you want. Then it becomes relatively easy to know where to buy gold.



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