How can I Purchase Gold Online?

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How can I Purchase Gold Online?
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Did you know that most of the people on the TV or
in the shopping mall are ripping you off?
Seriously. Theyre paying you 50 less than what
your gold is worth.
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Some of these scam artists will do the same thing
if you go to buy gold in person or online. Youve
got to know a few things before you buy.
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Weve entered a worldwide crisis and in a crisis
gold and silver do very well they hold their
purchasing power when paper money fails, so it
pays to learn
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as much as possible about gold and silver
investing. Let me rephrase that you should have
learned about it 10 years ago, now you have to
learn
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about it immediately because paper money is going
to zero. Gold in your hand, physical gold could
be 24k, .9999, bullion, or pure gold, but it may
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not be. It could be a coin that is only .9 or it
could be jewellery which is only 18k or a foreign
gold coin with brass or copper in it thats only
.750.
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24k is .999 or higher 22k is .916 21k is .875
20k is .833 18k is .750 15k is .625 14k is
.585
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10k is .417 9k is .375 8k is .333 1k is .042
Youre probably wondering what the heck this all
means,
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right? It relates to jewellery and scrap gold
and, if you deal in buying and selling jewellery
and scrap gold, you are entering a much more
advanced
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game than a beginner should at least if they
want to save and make money! Buy and sell .9999
gold coins and you will have much less hassle.
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Bars can be a problem when prices get very high,
because buyers may not trust that the bar is
pure. Bullion coins like U.S. Buffalos and
Canadian
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Maples are .9999 and recognized around the world
you could reasonably buy or sell anywhere and the
premium is low. Whats premium?
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Premium is the percentage the dealer charges.
Gold dealers charge premium every time they buy
or sell. This is how they earn money. If they
smell a
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chance to crank up the premium and rip you off,
some will. The people buying jewellery on the
T.V. and at the shopping mall are ripping you off
as much
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as anyone can. So who can I trust? Me, Ive
bought and sold to dealers in many places and I
have experienced most rip-offs at the smallest
level.
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I dont deal with small operators much anymore,
unless Ive known them for a while. I deal with
Kitco.com and Goldmoney.com and
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I buy online. Why? I do it, because they charge
the lowest premium. Basically, you can expect to
pay very close to the international spot price.
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A small-timer may tell you some kind of story
about fees that he is incurring at the mint or
that there is a shortage, and use these stories
to add 5-15 premium.
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Theyre just lying, straight up. Goldmoney.com
displays the exact price for which they are
buying or selling gold and silver, at any given
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moment, 24/7. So does Kitco.com. There is a
difference between these two quality services and
I use them both. Goldmoney.com is an
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online bullion bank. You open an account and
transfer cash into the account. You can then use
that cash to buy gold, silver, platinum, or
palladium
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any time you wish and its stored in a vault of
your choice in Hong Kong, the channel Islands, or
Zurich Switzerland. You can sell your gold
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any time or trade it for silver and vice versa.
You can have Goldmoney.com ship your gold to you
at any time too. Its an outstanding service.
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Kitco started as a scrap buyer because the
founder was originally involved with dentistry
gold teeth and fillings. They evolved into the
largest
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online gold business, period. They buy and sell
all precious metals. Beyond this, Kitco publishes
hoards of information on the precious metals
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markets as well as other financial markets,
politics and the mining industry. Its probably
the most popular site, worldwide, for precious
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precious metals information. I have dealt with
both Kitco.com and GoldMoney.com and have enjoyed
100 satisfaction as a
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customer. I dont think buying gold and silver
from large banks who take down all of your
information is a wise thing to do.
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This may be the greatest single risk to your
wealth, the sharing of information between huge
banks and government, regarding precious
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precious metal purchases. You have much better
choices as far as service, security and
convenience dealing online with Kitco.com and
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and Goldmoney.com, no question. Further, its
wise to buy gold and hold it at a foreign
location like a summer home or a relatives home
abroad,
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or in a privately run vault with a solid
reputation for security, service and privacy.
This helps hedge the political risk by having
part of your gold
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holding in a variety of different jurisdictions.
Goldmoney.com makes this very easy. For example,
you could deposit say 10000 in your new
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Goldmoney.com account, wait for a pull back in
the gold price and then buy 1 ounce of gold in
each Hong Kong, Zurich, and the Channel Islands,
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spending 4200. You could then spend 3000 on
silver and deposit in each of the three and hold
the remaining 2800 in Swiss francs or
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Canadian dollars or some other solid paper
currency, from a political jurisdiction which
hasnt monetized its debt in the form of paper
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currency, or one that enjoys great natural
resource wealth like Norway. You could change
this allocation as often as you like with
Goldmoney.com
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Now you have hedged your political risk in
numerous ways. Shopping online is sensible to
begin with, if you value privacy.
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Purchase Gold Online is a no-brainer, its very
prudent.