In honor of National Fraud Awareness Week, the U.S. Gold Bureau is has released seven tips to help investors protect themselves from scams.
Before you make any investment, it's wise to know who you're buying from. Here are seven tips to help you buy gold from a reputable dealer.
When you’re new to investing in gold, your options can seem a little overwhelming. The very decision to diversify your investments to include a commodity like gold shows that you’re thoughtful about where your money goes. You want to be similarly thoughtful and knowledgeable when it comes to how you make your gold investment as well.
You own gold, silver and other precious metals or you are thinking about buying gold in the near future. Learn the best ways to secure your investment.
You’ve invested a lot of money into your collection of precious metals. It is important, then, to make sure your precious metals are stored safely. You don’t want to lose your investment to such incidents such as theft or natural disasters and you also want to make sure that your coins remain in the condition in which you purchased them. Fortunately, you have a few options. Storing at home. One option you have is to store your gold coins and other precious metals at home. Since this is potentially the most vulnerable of your options, you need to take extra care and be extra safe if you choose this option. The first step to ensuring that is by choosing a good safe. When choosing a safe for home use, choose one that is both fire and waterproof. If you’re going to protect your investments from potential robbers, it is only smart to also protect them from natural disasters such as fires and floods. Additionally, the size is important. A large safe is most effective at deterring would be robbers. You’ll also want to keep in mind where you’ll be placing the safe. A concealed location is best. It is also a good idea to bolt the safe to the floor. If you have a location where you can bolt your safe to concrete, that is the best way to go. Storing with a safety deposit box.