The price of gold is soaring. Since it is expected to remain on the incline, now is the time to buy wholesale gold. You will save on your purchase now and put money into a physical asset that can prove to be a very worthwhile investment if the time ever comes to cash it in.
While many who invest in gold love the tactile feel of it, many others are apprehensive. Some people fear the quality of the gold might be compromised. Still, it is very prudent to buy gold at wholesale prices because you can save up to about 50% compared to buying from a retail gold dealer.
There is a great deal you need to know about finding legitimate wholesale gold dealers before you make your purchase. While the internet is a convenient place to make your purchase of gold at a wholesale price, it is also a haven for fraudulent dealers. There are signs you can look for that prove you have found a legitimate source to purchase from. First, if they promise to give you the lowest price, you can do your research in other places online and bring back the lowest price you find, which they should be willing to match. Second, the wholesaler should ask for your tax identity or reselling permit to make sure you are a legitimate business person yourself.
While looking for these qualities in a gold wholesaler, you should still be on the alert when dealing online. Above all, you want to make sure you are buying authentic wholesale gold and not an imitation product. This can be difficult to discover when buying online because you cannot touch and examine the gold yourself before you make your purchase. Wholesalers can be sued if they falsely advertise, however, so avoid making purchases that use words in their descriptions like "plated" or "realistic." These denote that the product is fake or of a lower quality.
There is also the option to visit trade shows and fairs to see what wholesale gold is being sold there. Even if you want to purchase from a wholesaler online because of the decreased price of operating a business solely online, you can get a feel for what coins and bullion in certain amounts look and feel like. Then, when you return to the online vendor, you will have a better idea of exactly what you are getting when you place your order.
While many who invest in gold love the tactile feel of it, many others are apprehensive. Some people fear the quality of the gold might be compromised. Still, it is very prudent to buy gold at wholesale prices because you can save up to about 50% compared to buying from a retail gold dealer.
There is a great deal you need to know about finding legitimate wholesale gold dealers before you make your purchase. While the internet is a convenient place to make your purchase of gold at a wholesale price, it is also a haven for fraudulent dealers. There are signs you can look for that prove you have found a legitimate source to purchase from. First, if they promise to give you the lowest price, you can do your research in other places online and bring back the lowest price you find, which they should be willing to match. Second, the wholesaler should ask for your tax identity or reselling permit to make sure you are a legitimate business person yourself.
While looking for these qualities in a gold wholesaler, you should still be on the alert when dealing online. Above all, you want to make sure you are buying authentic wholesale gold and not an imitation product. This can be difficult to discover when buying online because you cannot touch and examine the gold yourself before you make your purchase. Wholesalers can be sued if they falsely advertise, however, so avoid making purchases that use words in their descriptions like "plated" or "realistic." These denote that the product is fake or of a lower quality.
There is also the option to visit trade shows and fairs to see what wholesale gold is being sold there. Even if you want to purchase from a wholesaler online because of the decreased price of operating a business solely online, you can get a feel for what coins and bullion in certain amounts look and feel like. Then, when you return to the online vendor, you will have a better idea of exactly what you are getting when you place your order.
About the Author:
Michael J. MacDonald is the president of Wholesale Gold Group, a National Precious Metals Dealer. To learn more, visit http://www.wholesalegoldgroup.com today!
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