What You Should be Asking Yourself Before Investing in Gold
Gold bullions or rare coins? Gold or silver? Gold IRA or traditional IRA? How do you ensure that you won’t be tricked into buying products that aren’t genuine?
We get it, investing in gold is hard. And it’s even harder when you’re looking at it from a long-term point-of-view—such as when you want to invest in a retirement fund.
You’ve earned your wealth after years of toil, and you don’t want to make the wrong decision when it comes to investments.
This is why we’ve put together a list of questions that you should be asking yourself before you finally decide to invest in gold.
Should You Go for Gold Coins or Silver Coins?
Although both gold and silver bullions have high worth, if you’re not a big precious metals investor, gold is your best bet, since its liquid market value is greater. Gold prices also tend to be less volatile compared to silver.
Should You Go for Coins or Bars?
Again, while both have their respective benefits, there’s more to gain with bullion coins—especially if you are a beginner. Bullion coins work best for beginners because coins—such as Golden Eagles—are easy to recognize and trade.
They also fetch you greater premiums when you sell them. With bars—beginners usually go for smaller bars—the stakes are higher, since they fetch lower prices and they’re also tough to sell back.
Are You Buying from the Right Place?
One of the worst mistakes you can make when it comes to buying in gold is going with the wrong vendor. There are countless fraudulent vendors out there with no credible credentials to back them up.
These people will try to sell you tantalizing products for amazingly low prices. That’s how you can tell they’re not credible.
Always go for well-established bullion firms and precious metal dealers because they’ve been in the business for a long time. Always take a good long look at their website before settling for their services or products.
Where Should I Buy Gold From?
Looking for a reliable online precious metals dealer? Orion Metal Exchange has years of experience in precious coins. You can open your IRA accounts with us, buy or sell precious metals, and do so much more. Reach out to us online today for more information or simply give us a call at 1.800.559.0088 and we’ll answer all the questions you have!