Should You Purchase Precious Metals Online Or From A Local Store?
Remember those days when you had to drive your car all the way to the store in order to buy precious metals? Sure glad those days are behind us and it’s all because of the internet!
At least, that’s what you’ll hear the current generation say. But, let’s not forget that there are some people who still prefer to do things the old fashioned way. They have reasons for doing so. They feel that online payments aren’t secure.
So which option is actually better? Let’s take an in-depth look to settle the debate once and for all.
According to statistics, the e-commerce industry is on the rise and will continue to be so in the upcoming years. In fact, 25% of the people in the United States shop online.
A lot of this has to do with the fact that with e-commerce, you’re no longer limited to just a single region. Instead, you can buy almost anything from another country.
It’s not just about convenience, though. With the internet, you have multiple options at your disposal. You can compare the prices of different stores and purchase products, which seem more reasonable according to you.
Now compare this with going to a shop and buying gold. There’s just no competition, right?
Just think of it this way. In order to build a store, the owners need to purchase property and get it designed. Furthermore, when the store starts running they’ll need to pay utility bills. This is the reason why their prices are high.
In comparison, the prices of products that are available online tend to be lower. This is because unlike they don’t have any overheads.
Another reason for low prices is that such businesses usually have a volume-based business model. They need to keep their prices low since they’re catering to a larger customer segment.
You also have more than one payment option available. You can either pay using checks, credit cards or PayPal. In contrast, local stores only accept credit cards or cash.
So, this one’s a little tricky. There are people who would say they prefer to actually go to the store and purchase products. Their argument is that they want to closely observe the product before purchasing it.
For some people this is just an excuse to get out of their homes. However, one disadvantage of going to the store is that you have to deal with their sales representatives.
Some of them can be pushy and convince customers to purchase a product even if they don’t really want it.
You don’t have to deal with this problem when you’re shopping online. You can take as long as you want and browse through the products before purchasing them.
Just think of it this way; would you be comfortable carrying gold coins or bars from the retail shop to your home? The answer is probably no. What if you get mugged?
This isn’t a problem with online shopping since you’ll be purchasing gold while sitting at home. Online metal exchange dealers like Orion Metal exchange always take extra measures to make sure that all of their customer’s data stays safe and secure.