High gold prices have attracted nefarious characters who try to convince unsophisticated investors to buy precious metals at outrageous premiums or sell them less than they expected to get. To avoid becoming a victim of a scam, follow these rules and use your common sense to avoid gold-investing pitfalls.
A few simple rules will help keep you out of trouble:
Buying precious metals offers opportunities for profit and safety not available with any other investment. There are many good ways to buy gold and other precious metals, but not all ways to buy them are appropriate for every investor.
Americans are buying precious metals, many for the first time. Some are concerned about the erosion of their purchasing power as the Treasury runs the dollar-printing presses and the Fed buys Treasury bonds. Some are concerned about a possible collapse of the US financial system in the face of sharply rising government debt.
Most investors have little or no experience in buying precious metals and many have questions and concerns. To help you avoid market pitfalls and decide which forms of gold are most appropriate to meet your investment goals, see our precious metals investor’s guide, How to Buy Gold and Silver Today.
To learn to invest in gold and silver, avoid pitfalls and save money by buying the form that is appropriate rather than one a salesman wants to sell you, read our precious metals investor’s guide, How to Buy Gold and Silver Today. Read it tonight and start protecting your purchasing power tomorrow.