HOW TO BUY GOLD WITH CONFIDENCE

The Keys to Confidently Buy Gold

Protect Yourself from Crooks and Avoid Buying Fakes

 

Gold is Gold

If you want to be a successful gold buyer, you need to learn to buy gold with confidence.  Confidence allows you to be sure about what you are doing, increase your gold inventory, grow your capital, and avoid buying fakes.

Any amount of gold goes for a lot of money.  It is this fact that motivates crooks to go through great efforts to create fake bullion and jewelry to defraud the public.  The bigger the piece, the more latitude there is to create a fake.  This is especially true with high-dollar items such as big bars, or large pieces of jewelry.  Crooks are profit-minded.  For them, it is worth the effort to create a realistic fake if they can defraud someone for a lot of money.  Thus, it is super important to be diligent and knowledgeable when buying gold in any form.  This article is about avoiding fake stuff and only buying genuine gold items with confidence.

 

Learn from the Experience of Others

I have bought a lot of gold since I started as a full-time gold buyer in the year 2009.  I have made a lot of costly mistakes.  Some lessons I learned the hard way.  Follow this advice, and you will save yourself a lot of headaches, heartaches, and capital loss.  Buying gold is a thrilling thing.  As with all thrilling things, be careful in order to have fun.  The penalty of otherwise is high.

 

Keys to Buying Gold with Confidence

 

1- Control Your Greed

The worst enemy of the gold buyer is not the crook, thief or scammer.  It is the gold buyer’s own greed.   So, keep greed in check.  It is uncontrolled greed that often leads to bad business decisions.  Crooks exploit this fact.

 

2- See What Is in Front of You.  Not What You Want to See

The human mind plays tricks on itself.  It is very easy to, when presented with a gold buying opportunity, to see what you want to see rather than what is actually in front of you.  This is partly associated with your own greed, and with human psychology.   It is very easy for greed to blind you, as a gold buyer, to other facts.  And these facts are most often in front of you.  Also, the human mind tends to infill information gaps.  That is why sometimes even mediocre fakes fool experienced gold buyers.

 

3- Time Is on Your Side.  Don’t be in a Hurry

If the transaction must be rushed, don’t do it.  There is always another opportunity coming around.  Not only that, but it is also when you are in a hurry that you are most vulnerable to “greed” and to “seeing what you want to see”.  Don’t be rushed.

 

4- Become Knowledgeable

Learn as much about gold as possible.  Know how the different gold alloys and finesses feel and look.  Understand the different types of gold testing.  The more knowledgeable you are, the fewer mistakes you will make.  The more you know about gold, the better decisions you will make.

 

5- If in Doubt, Don’t Buy

Listen to yourself.  There is nothing wrong with not buying.  If you have any doubts about a gold item and / or situation, don’t buy.  There is no shame in not buying.  Remember that you don’t have to buy if you don’t want to.  It is your money, and this is a free country.

 

6- It is Never Too Late to Not Buy

The transaction is not over until you pay.  If at any moment you feel unsure of the transaction, you always have the option of cutting off the deal.  Once you pay, it is too late.  So even if you are already cash in hand and about to pay, you can still stop the transaction.  Afterwards it is too late.

 

7- Have the Right Instruments

Have the right instruments and know how to use them.  Magnets, gold testers, scales, acids, all are good and necessary if you know how to use them.  Invest in the best equipment you can buy and become an expert with these tools.

 

8- Develop a Protocol

A protocol is a set of rules and sequence of actions designed to achieve a repetitive outcome.  In the business of buying gold, it is the way to go about it for buying genuine gold.  Not fakes.  The better your protocol is, the more confident you will feel about your precious metal acquisitions and the fewer mistakes you will make.

 

Conclusion

Buying gold is a fun, thrilling, and profitable business.  Everything done right works well.  Follow the keys to buying gold with confidence and you will have a good start.  Buying gold as a business starts with buying with confidence.