Don’t Order Gold Online

Gold, who’s popularity and value is ever increasing, is being sold on-line by retailers who are out to scam the vulnerable. They will trick you into believing you need to buy ‘premium’ coins in order to avoid being forced to forfeit your gold to the government should the time arise. They say that coins with ‘collectors value’ will be spared. However, they simply order thousands of identical coins and have them all graded by the same company and then charge a 30% premium over the spot price.

Local dealers, on the other hand, will most likely mark you up only $50 to $100 above spot price (5 – 10%).

It is for this reason I recommend, if you are to buy physical gold, to go to your local dealers and gold shops and buy it from them. This also excludes the shipping fees and also potential loss or damage during shipping.

Does the following look familiar to you? If you were a Goldline customer they will say this is a collector item yet they ship them to every single customer and when the price was under $1000 / ounce they were charging more like $1300.