![]() ![]() If you only ever purchase from these companies, you will never go wrong. We do, however, conduct random batch testing and PHYSICALLY have hands-on every single item that leaves our facility, pride ourselves in an easy cost-effective subscription-based model, and sell millions of dollars worth of Gold and Silver a year so you be the judge! So if you want to build your stack every month for years to come, consider us! But you absolutely cannot go wrong with Investor Crate – Best company on the planet! Of course, I am just joking, we are obviously bias of ourselves. There are reputable bullion dealers beyond this list!!) (Any company that does not make this list is not necessarily a scam this is just a list of folks we can personally vouch as we have worked with them in the past. Don’t feel like doing that? Here is a shortlist of bullion retailers who will NEVER rip you off. ONLY buy from a reputable dealer and know how to do a little bit of a background check on a bullion retailer before purchasing. Secondly, it is extremely easy to avoid ever being sold a counterfeit piece in the first place. Walk into any jewelry store and they will have a handheld x-ray device that can test purity in a matter of seconds. Don’t want to buy a test kit? You don’t have to. Test kits range from chemical, magnetic to x-ray machines and are so readily available and inexpensive there is no reason you can’t test a questionable item. This is certainly a threat and happens ALL the time in our industry, however, there are VERY easy steps you can take to avoid being scammed. Many folks will never end up buying Precious Metals because they are worried, they will be scammed or sold counterfeit bullion. Other reasons could be efficiency, volume, supply, volatility in the market, among many other variables. Mint actually contracts several private mints to refine the metal and create the blanks used in manufacturing. The Royal Canadian Mint has its own refinery whereas the U.S. Well, in this instance its because the Royal Canadian Mint controls the refining process and the U.S. The 1 oz Silver Maple Leaf can be purchased at about the current market spot + $2.00 to $3.00 whereas it’s American counterpart regularly trades at about $4.00 to $6.00 over market spot price. Both of these Silver coins are absolutely stunning and serve as the premier Silver bullion for both countries respectfully but there is one difference. ![]() the 1 oz American Silver Eagle by the U.S. The 1 oz Silver Maple Leaf by the Royal Canadian Mint vs. Take two of the same metal type and weight coins minted by two different governments. Though the variables I mentioned are vast let’s go over a few important ones, some folks never really consider. There are a lot of variables that go into answering this but once you get familiar and browse the extraordinary variety of Gold and Silver products, you will start to get a good feel of what is a good or bad over spot premium. Now that this is established, it is important to ask, what then is a reasonable premium? The mints (both private and government) have business overhead such as employee wages and expensive tools such as coin presses. 999% +/- form of the Precious Metals is then sold to businesses or mints that then turn the commodity into the final product. This process is extremely lengthy, difficult, and expensive. Raw ore is purchased by a refinery from mining companies and is then refined into its pure form. The spot price of Gold and Silver is largely used to determine the value of raw ore. In fact, over 70% of the Gold and Silver market is for industrial use such as Jewelry, Dentistry, Technology, et cetera. The current mining contracts are a good way to establish what the current demand is and supply will be, because remember, Precious Metals is not only for investing but has a wide range of industrial usage. ![]() This is because the London Bullion Market Association sets the suggested bid, ask, and spot price of the commodity-based on theoretical and provisional mining contracts. It is nearly impossible to buy Precious Metals for exactly what it is trading for on the stock market. There is also a wide range of prices and different types of bullion to purchase, why is this? When it comes to buying Precious Metals the first thing you will notice is there are a huge number of places, either online or physical location, where you can buy Gold and Silver. After deciding Precious Metals as an investment will suit your needs the next question is what is the absolute best way to buy Gold and Silver? The answer to this may seem complex but all you need to do is understand these 8 things and you’ll have enough information to make a safe and secure transaction. ![]()
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