Investing In Gold Online Vs. Locally: Which Is Safer?



Buying gold today is easier, since you’ve got options other than shopping physically. The question commonly raised here is: is it the best way to buy gold in other ways?
There is no “best” way; you’re looking for the “ideal” option based on needs and preferences. Let’s discuss the two common places where you can purchase/invest in gold.

Visiting a Local Gold Shop

Gold shops have been around pretty much as long as money has existed. From pawn shop establishments to sophisticated resale stores, these shops have been through some evolutions. You’ll find one not far from your home, where you can view the gold item in person before buying it.

Visiting an Online Dealer

The trend of online shopping in general is at an all time high; nearly 93% of Americans consider online shopping essential. Gold and precious metal dealer sites haven’t been around a long time, but have gained popularity rapidly. Not only can you invest in gold coins or bullions, but also access other options such as IRA accounts, and explore gold market trends and other information.

Choosing the ideal medium…

You follow a similar pattern when making a gold purchase from either establishment. You browse their offers, select merchandise you like, and pay for it.
However, both ways have some significant differences in terms of convenience, selection and most important of all, safety.
Obviously, the convenience of shopping online is unmatched. A local gold shop may or may not be near your home, and has certain business hours, which means that you’ve got to plan your visit beforehand. On the other hand, an online dealer site is accessible from anywhere at any time; there’s no hassle of taking the time out from your busy schedule to go gold shopping. 

 


The selection a local shop offers depends on their literal scale. Local shops are typically selective, and cater to the preferences of a smaller client-base. Conversely, online dealers typically offer a large variety of products. Since these dealers are not bound by the size of a shop to showcase their merchandise, they have not problem offering more products under one roof.
And finally, the most important distinguishing factor—the level of safety. The practice of paying for larger investments such as gold via online transaction is met with some skepticism, since it seems that there’s a risk associated with not physically viewing your purchase. Which brings us to…

The safer option…

In truth, buying/investing in gold or any other precious metal online is no less risky that purchasing it in shop. You have no certain way of knowing if your purchase is the real deal till after you gotten it verified (which may happen after the purchase) and you are at a risk for being a target of theft or assault.
When you buy gold coins online, you are doing so in the privacy of your home. And if you are working with a reputable, reliable dealer, then you may be safe from all of the risks associated with local gold shopping.
Consider working with a precious metal investment dealer who offers gold coin grading accuracy and authenticity and has a stellar track record of abiding by industry standards and IRS regulations. Orion Metal Exchange meets all these requirements of a smart gold buyer and offer gold and other precious metal investment services throughout the U.S.



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