November 2, 2009 Posted by James Randolph on November 02, 2009
November 2, 2009 – Just as our recession has claimed many American businesses, only the best gold exchanges have managed to survive over the last few years. Companies of ill-repute, firms that unethically promote certain avenues of investing, and gold dealers that prey upon trusting investors through their highly paid celebrity endorsements have scared some investors away from the gold market. These investors want gold, and most of them are in dire need of diversification with precious metals, but the horror stories of others have persuaded them to remain sidelined.
Thankfully, there are effective ways to research prospective companies before investing. The best gold exchanges have rating of A or better with the Better Business Bureau, and the ideal company will have zero complaints registered at www.BBB.org. Investors can also utilize Amazon Alexa (www.Alexa.com) to conduct their due diligence before sending money to any investment firm. These company rating indexes are particularly helpful during difficult financial times, because the money that we have saved is much more precious to us when so many people are losing theirs.
Many investors who are new to the gold market do not realize that there are two different types of investment-grade gold. Gold bullion is advisable for investors who want to hold their metal from 1-14 months. These investors see the potential to score some quick profits, so the low premiums on gold bullion items are preferred. Since gold bullion prices fluctuate so rapidly because of the gold spot price, it can be difficult to time purchases and sell-offs correctly.
Many gold bullion dealers neglect to tell their clients that bullion can be confiscated by our government at any time, so safety-oriented investors who want to hold their gold longer than 14 months diversify with certified gold coins. These coins tend to outpace gold bullion’s gains over the long-term, and their government non-confiscatability is a main draw for many US investors. Our shaky economy has produced widespread fear of another gold confiscation, which could be our government’s way of backing up the struggling dollar.
Certified coins usually cost a great deal more than bullion, so it is only a wise investment if you plan to hold long-term and you feel like our dollar could eventually collapse. Research your potential gold dealer now, or simply contact the Certified Gold Exchange at 800-300-0715 to receive free information or get started with your gold diversification.
Senior Staff Writer – Certified Gold Exchange