Gold prices have risen dramatically over the last few years protecting the wealth of those who have had the foresight to buy gold. Gold bullion in bars and coins and rare gold coins continue in their historic role as hedges against inflation and protection against severe economic decline. As gold has risen in value, a number of new and inexperienced companies have “jumped on the bandwagon.” A serious issue for gold investors is whom to buy gold from and where to buy it.
In September of 2009, news of a scam surfaced in the press. A middleman had raised $50 million from 735 investors to “buy 20,000 tons of gold” from one Middle Eastern source and triple the investment with the sale to a Middle Eastern buyer. The deal fell through when the Securities and Exchange Commission issued a restraining order on the activities of the Nigerian and American partners in the scheme. The partners received prison sentences of 20 and 9 years, respectively.
This is an extreme example of the old adage that “when something seems too good to be true, it probably is”. In the run up of gold during the first decade of the 21st century, many who bought in and around 2000 and held their gold are four times richer. Where to buy gold for many of these folks was from a reputable gold dealer. Where to buy gold is with a dealer where the transactions are transparent, the buy/sell spreads reasonable, and the reputation of the dealer is spotless.
Buying gold is not magic but, like any investment, it is important to deal with a trusted dealer, such as buy-gold.org. Where to buy gold is at a dealer with a Better Business Bureau report has no complaints and an impeccable A+ rating, adding confidence that each purchase will be handled correctly and professionally.
Steven Martin
Senior Gold Specialist - Buy-Gold.org
