Gold remains one of the most popular assets on the market. Prized for its beauty, stability, utility in a wide range of industries, and value, the yellow metal is a common investment choice.
Gold investment has long been a safe haven for investors during such testing times because of the opposite trajectory it follows to equities. However, for majority of people around the world, gold carries a much bigger value than just an investment opportunity; and when emotion comes into play, it becomes important to pay more heed to the commodity, the risks and benefits it carries.
Gold prices often rise during times of economic uncertainty, making the asset a typical choice for investors eager to hedge against inflation, build up reserves, or to just speculate during uncertain times in hopes bullion prices rise.
It is even possible now to buy digital gold by investing in gold-backed stablecoins.
With any valuable asset, the potential for scams abounds, and the same certainly rings true for gold. The Professional Numismatics Guild Executive Director, Robert Brueggeman, urged investors last year to shop around before making a gold purchase and only buy from reputable and accredited dealers.
One of the easiest ways to purchase gold is via the Internet. A plethora of dealers present buyers with a wide array of gold bars, coins, and rounds at competitive prices.
Online reviews can simplify research and make it easy to understand which dealers are legitimate, but the wide array of options can make it tough to decide the safest way and vehicle to purchase gold online.
Fortunately, investors have a range of options to choose from to add gold to their portfolio. Keep reading to understand some of the safest ways to buy gold online.
Safe and Secure Ways To Buy Gold Online
Through an Entity Selling Physical Bullion: Retailers like APMEX, Provident Metals, and JM Bullion are legitimate gold dealers. Online retailers like these offer competitive prices, safe, and secure shipping, and seamless payment processing to ensure all gold orders make it to a customer’s door. Reputable companies will also be transparent about gold’s spot price and markups based on how a customer chooses to pay.
Investment in Crypto Backed By Gold: Cryptocurrencies like GoldCoin offer investors the ability to purchase digital currency pegged to an ounce of gold. They can either sell or hold the crypto, or exchange it for physical bullion. Some cryptos backed by gold also offer the ability to directly purchase gold bars, rounds, and coins. Gold-backed cryptocurrencies are rising in popularity as they offer the ‘best of both worlds’ – letting investors dip into the world of virtual currency and expand their portfolio while still having the protection of physical gold bullion.
Purchasing Gold ETFs and Futures: Investors can also ‘buy’ gold online by investing in gold ETFs and futures. While these financial instruments can get complicated, they represent unique ways to directly and indirectly invest in gold seamlessly. Like gold-backed cryptocurrencies, investing in digital gold assets is much easier to handle than purchasing and securing various amounts of physical gold bullion.
Staying Vigilant And Avoiding Online Gold Scams
One of the most important things online shoppers need to remember is the telltale signs of a scam, especially when buying physical gold bullion.
Buyers should be careful with companies who try to offer confusing shipping options, like delayed mailing or sending items to a facility. While some of these schemes are legitimate, they’re also an easy way to purchase gold items that might not actually exist and remain hidden from scrutiny about their quality.
Buyers worried about purchasing fake gold should opt for certified or graded coins to have peace of mind about purchases.
Should you buy gold online?
Investing in online gold is a convenient option. Also, in the current COVID situation if you are hesitant to step out then this is the best option for you. However, it is advisable for buyers to compare various charges and features of these online players before they invest.
There are many ways to safely buy gold online. Investors can rest assured it is easy to add to their portfolio through the Internet.
Why go digital?
Guaranteed 24K Gold – Unlike local vendors, from the trusted online gold sellers, you can directly buy from the manufacturer.
Sell anytime from home – Sell anytime, without going anywhere and receive money direct in your account.
Buy as low as $1 – Digital does not require to invest a large sum of money. You can invest based on your budget.
Safety guaranteed – Unlike physical gold, you don’t have to worry about theft or expensive locker fees. You gold is stored in bank-grade lockers free of cost.
Convert to physical gold – You can convert your physical gold to digital gold anytime in the form of coins or jewellery through channel partners. Convert your digital gold to physical gold by paying a nominal minting charge. Your delivery comes with free insurance, to ensure your coins and bars reach you safely.