Buying online has been the new trend for the past several years, and with the pandemic, it has become mainstream. More people are going to the internet to search for and buy items online. Gold is definitely not an exception.
Buying gold online is not only a safe alternative to buying gold from physical stores, but it is actually the safer and better choice. The reason behind this is that physical shops are effectively smaller than well respected online stores who are much larger and able to provide better pricing. Not only this, but these online stores provide new bullions of gold directly bought from the original source of gold production due to their affiliation with major metal suppliers compared to local stores that may sell gold bought from other clients. Moreover, online stores have lower overhead and much higher sales volumes allowing them to offer better deals to online customers.
With the above in mind, it is very important to take into consideration several factors when buying gold online among which we hereby list the following:
- Research the seller and the website and make sure they are well known in order to ensure the authenticity of the product
- Pay attention to gold purity. Gold can be 10, 14, 18, and 24 karats, with 24 being the purest.
- Having identified purity, it is very important to know its corresponding cost. The price of gold is set internationally and could be easily verified online. Do the math and make sure you are getting a good deal for the right price at the time of purchase.
- Make sure you get a certificate of authenticity on the purchased gold in order to easily conduct future trades.
- Make sure the seller has a clear exchange/return/buyback policy in order to secure your rights in case the product did not match your expectation.
- Since you are buying gold online, packaging must be intact in order to insure the package has not been tampered with.
The next time you think of buying gold, we recommend you do it online!
