How to Choose a Reliable Gold Dealer
When you buy or sell investment gold bullion bars or coins your sales transaction is likely to be reportable by the dealer. This is a requirement of Federal law which allows the Treasury to track the movement of these precious metals. However, the government is not really interested in tracking what you do with your own gold unless you are selling COMEX 1000 ounce bullion bars or certain foreign gold bullion coins.
In addition to providing a place for people to buy and sell precious metals like gold, silver and platinum Coinhuskers also provides educational resources about how to invest in these investments and consultation services to help people decide what to add to their portfolios. The company also has a network of dealers who can assist customers in locating rare coins, jewelry, watches and other collectibles.
As the economic crisis deepens some investors are turning to gold to diversify their portfolios. While there is no guarantee that any type of investment will be successful, many experts advise keeping a percentage of your portfolio in safe assets such as gold bullion.
While some retailers make a living from selling precious metals and other commodities to people who want to add them to their retirement portfolios others specialize in converting traditional investments such as stocks and bonds into gold IRAs, a popular option for baby boomers who are worried about the impact of the financial crisis on their pensions. In some cases these companies are getting a lot of business because the current political and economic uncertainty is boosting demand for physical gold.
For example, Advantage Gold, a precious metals retailer that specializes in gold IRAs, had a booth at the Conservative Political Action Conference this month and offered to help customers set up their accounts with one of the more than 20 firms that offer gold IRAs. The firm said it had received a spike in interest from the conference attendees and other conservatives who are concerned about the economy and have invested money in the stock market and mutual funds.
A recent article in the Washington Post reported that a gold dealer called International Rarities has been accused of hiring employees with criminal records including burglary and drug offenses. The company has denied the allegations and told the newspaper it was reviewing its policies to prevent future problems.
As the demand for gold bullion continues to rise some investors are seeking ways to avoid paying high commissions and other charges associated with purchasing and selling the metal from large brokers and investment banks. Fortunately, there are many reputable gold dealer in Arlington who can help consumers purchase the precious metals they need without paying hefty fees to middlemen. Some of these companies even offer online gold buying and selling services that can save investors a significant amount of time. By following a few simple tips, consumers can find the right gold dealer for their individual needs. This includes asking the right questions to identify a reputable dealer and being informed about the laws and regulations associated with the sale of investment gold.