Did you know that most of the people on the TV or in the shopping mall are ripping you off? Seriously. They’re paying you 50% less than what your gold is worth. Some of these scam artists will do the same thing if you go to buy gold in person or online. You’ve got to know a few things before you buy. http://www.whatisgold.net

1. 2011
How can I Purchase
Gold Online
Travis Grier
Whatisgold.net
3/29/2011

2. How can I Purchase Gold Online?
Did you know that most of the people on the TV or in the shopping mall are ripping you
off? Seriously. They’re paying you 50% less than what your gold is worth. Some of these
scam artists will do the same thing if you go to buy gold in person or online. You’ve got
to know a few things before you buy.
We’ve entered a worldwide crisis and in a crisis gold and silver do very well; they hold
their purchasing power when paper money fails, so it pays to learn as much as possible
about gold and silver investing. Let me rephrase that; you should have learned about it 10
years ago, now you have to learn about it immediately because paper money is going to
zero.
Gold in your hand, physical gold could be 24k, .9999, bullion, or pure gold, but it may
not be. It could be a coin that is only .9 or it could be jewellery which is only 18k or a
foreign gold coin with brass or copper in it that’s only .750.
24k is .999 or higher
22k is .916
21k is .875
20k is .833
18k is .750
15k is .625
14k is .585
10k is .417
9k is .375
8k is .333
1k is .042
You’re probably wondering what the heck this all means, right? It relates to jewellery and
scrap gold and, if you deal in buying and selling jewellery and scrap gold, you are
entering a much more advanced game than a beginner should – at least if they want to
save and make money!

3. Buy and sell .9999 gold coins and you will have much less hassle. Bars can be a problem
when prices get very high, because buyers may not trust that the bar is pure.
Bullion coins like U.S. Buffalos and Canadian Maples are .9999 and recognized around
the world; you could reasonably buy or sell anywhere and the ‘premium’ is low. What’s
premium? Premium is the percentage the dealer charges. Gold dealers charge premium
every time they buy or sell. This is how they earn money. If they smell a chance to crank
up the premium and rip you off, some will. The people buying jewellery on the T.V. and
at the shopping mall are ripping you off as much as anyone can.
So who can I trust? Me, I’ve bought and sold to dealers in many places and I have
experienced most rip-offs at the smallest level. I don’t deal with small operators much
anymore, unless I’ve known them for a while. I deal with Kitco.com and
Goldmoney.com and I buy online. Why? I do it, because they charge the lowest premium.
Basically, you can expect to pay very close to the international spot price. A small-timer
may tell you some kind of story about ‘fees’ that he is incurring at the mint or that there
is a shortage, and use these stories to add 5-15% premium. They’re just lying, straight up.
Goldmoney.com displays the exact price for which they are buying or selling gold and
silver, at any given moment, 24/7. So does Kitco.com.
There is a difference between these two quality services and I use them both.
Goldmoney.com is an online bullion bank. You open an account and transfer cash into
the account. You can then use that cash to buy gold, silver, platinum, or palladium any
time you wish and it’s stored in a vault of your choice in Hong Kong, the Channel
Islands, or Zurich Switzerland. You can sell you gold any time or trade it for silver and
vice versa. You can have Goldmoney.com ship your gold to you at any time too. It’s an
outstanding service.
Kitco started as a scrap buyer because the founder was originally involved with dentistry
– gold teeth and fillings. They evolved into the largest online gold business, period. They
buy and sell all precious metals. Beyond this, Kitco publishes hoards of information on
the precious metals markets as well as other financial markets, politics and the mining
industry. It’s probably the most popular site, worldwide, for precious metals information.
I have dealt with both Kitco.com and GoldMoney.com and have enjoyed 100%
satisfaction as a customer.
I don’t think buying gold and silver from large banks who take down all of your
information is a wise thing to do. This may be the greatest single risk to your wealth, the
sharing of information between huge banks and government, regarding precious metal
purchases. You have much better choices as far as service, security and convenience
dealing online with Kitco.com and Goldmoney.com, no question.
Further, it’s wise to buy gold and hold it at a foreign location like a summer home or a
relative’s home abroad, or in a privately run vault with a solid reputation for security,

4. service and privacy. This helps hedge the political risk by having part of your gold
holding in a variety of different jurisdictions.
Goldmoney.com makes this very easy. For example, you could deposit say $10000 in
your new Goldmoney.com account, wait for a pull back in the gold price and then buy 1
ounce of gold in each Hong Kong, Zurich, and the Channel Islands, spending $4200. You
could then spend $3000 on silver and deposit in each of the three and hold the remaining
$2800 in Swiss francs or Canadian dollars or some other ‘solid’ paper currency, from a
political jurisdiction which hasn’t monetized it’s debt in the form of paper currency, or
one that enjoys great natural resource wealth like Norway. You could change this
allocation as often as you like with Goldmoney.com Now you have hedged your political
risk in numerous ways.
Shopping online is sensible to begin with, if you value privacy. Purchase Gold Online is a
no-brainer, it’s very prudent.