Which gold dealers can I trust?
"Study the market carefully to avoid falling victim to high-pressure sales tactics," warns Greg Abbott, the Texas State Attorney, in his 2007 report into gold dealers.
Abbott's investigation of gold dealers' sharp practices found that US consumers – "particularly senior citizens" – had been tricked into buying gold coins for up to three times their fair market value. Gold dealers would simply used the word 'rare' to bump up the sale price.
'Rare' (numismatic) coins - are probably best left to knowledgeable collectors. Gold bullion is the way to buy gold for its intrinsic metallic value - and it's dead easy to follow the true value of it, which means you won't get cheated by the gold dealers.
But even most bullion can suffer from mark-ups of a pricey 8%. Nowadays most well informed buyers choose gold dealers which let them avoid even the 8% mark-up associated with small bars, and coins, and get down to professional market mark-ups of as little as 1% - here's how.
BullionVault (contact us) is a company that aims to get you gold for a mark-up of less than 1%. We do absolutely no high-pressure selling. In fact we don't even employ a single salesperson. Instead we try to provide you with a lot of well-balanced, on-line information - completely free, for you to read at your leisure.
When you're well informed then you will be able to choose the best gold dealers based on safety, accessibility and value. You'll be pleased to know that your safest option will also turn out to your cheapest option.
We'd like you to assess the choice of gold dealers for yourself, so we've put some important links for you at the bottom of this page. As a starting point this link will explain BullionVault to you, and introduce you fairly to your other alternative gold dealers.
This link will let you see what other BullionVault users have said when comparing BullionVault to other gold dealers.
And you can also go straight to our getting started guide. You'll see from this guide that we give 4 free grams of silver to everyone who registers on the BullionVault site. Can you find other gold dealers with the confidence to do that?
You don't need to take our word for it. Google can find you gold dealers, although finding them on the web requires a little extra Google expertise. Don't worry though, we've done all the work for you by setting up an automatic advanced search which filters out the rubbish ...
If you're really looking for gold dealers to deal with today then even if you've a good reason ultimately not to choose BullionVault we're convinced you won't regret reading this explanation of how the bullion markets work.