Tuesday, 25 September 2012

How To Buy And Sell Precious Metals For Novices

By Javier Rote


Gold with purity of 0.999% comes in the form of bars weighing 10 ounces or even more. These bars are known as bullion. The bullion are pure 24 carat gold. A Merchant who invests massive amount of funds and purchase the gold bullion for resale to general public is named gold seller. People turn into gold bullion by way of these sellers. The dealers of gold keep gold bullion weighing up to 400 ounces. Gold can be purchased from these sellers against US dollars as well as Canadian dollars.

The purchases for gold can be placed on the internet. The trader will inquire to make payment either by check or through bank transfer. Upon receiving the money, the gold will be delivered. 10 ounce bullion can be bought straight from the seller's office also against payment. The traders will also buy gold bullion in the public. The cost may be mutually fixed over the phone. Aside from bullion, gold can be purchased or marketed in the way of coins also.

When an order for bullion is placed with a seller, the price will be calculated based on ruling gold price during that time. In the majority of the circumstances, the buyer need to make payment within 7 days of placing order. The buyer is at liberty to terminate his purchase if the cost of gold is not changed. Nevertheless, if the price becomes less, it will be the purchaser's obligation and he is going to be charged for that. The dealers will deliver the bullion within 3 days of receipt of payment. The firms which deal in gold will entertain comments and quality issues from customers quickly.

A few among the dealers of gold handle just gold coins. They will be having raw coins and certified coins. Certified coins will likely be examined and graded by specialist Coin Grading Services. Prices of coins is going to be corresponding to the every day spot prices. Coins can be acquired directly from the dealers' internet site.

There are business firms who will act as traders for gold acquisition. Gold can be bought from them also. Buyers may contact them over phone and deal with the price on the basis of spot price of the day. If the deal is finalized, buyer is going to be given a contract number and a locked in cost. Purchaser can buy the gold inspite of the market prices after finalization of their contract. When buying gold from a gold seller, the client needs to have his own judgment about the value.




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