Lesson 3:

Checklist For Gold Buyers

Lesson 3:

Checklist For Gold Buyers

Investors in gold are encouraged to be as informed as possible about the market before acquiring assets and sourcing reputable traders should be a priority.

Investors in gold are encouraged to be as informed as possible about the market before acquiring assets and sourcing reputable traders should be a priority. Goldex advises buyers and sellers to thoroughly investigate their chosen trader and offers several tips for those who are new to the world of digital and physical gold bullion trading.

Which Gold Dealers Can I Trust?

Gold buyers are particularly vulnerable to underhanded business practices, according to a 2007 report by the Texas State Attorney General. Greg Abbott, the state’s Attorney General at the time, commissioned a review of gold traders. “Study the market carefully to avoid falling victim to high-pressure sales tactics,” Abbott warned. The study found that senior citizens were at a particularly high risk of falling for shady characters. Some had even been duped into paying three times the market value for allegedly “rare” gold coins, but the only thing “rare” about the coins was the use of the word.

With so many options, especially online, it is essential to check the reputation and standing of the platform or vendor, as well as exactly what you are buying.

These are some of the questions that need to be asked:

1. Am I buying actual physical gold, or a gold linked product such as an ETF, structured product or another derivative?

2. What is the quality and grade of the gold I am buying?

3. Is the trading process transparent, fair and recorded?

4. Are the fees and commissions transparent and fair?

5. Am I getting the best price?

6. Is the platform secure?

7. Does the platform adhere to the World Gold Council’s 7 Retail Gold Investment Principles?

8. Are my assets protected?

9. Is the gold I purchased sourced from reputable suppliers?

10. Is the platform compliant with all applicable laws and regulations?

 

Online platforms that can answer all these questions successfully are rare. Goldex not only provides the highest of standards but is at the forefront of bringing the gold marketplace to investors who demand such standards

Beginner

Lesson 1:
Lesson 1:
Why Gold? (Video)
If we have to understand the value of gold, we need to take a look back at how it all began.
Lesson 1: #Beginner (4 min read)
Lesson 2:
Lesson 2:
How does the gold market operate?
Understand the complexities of the Gold market and how Goldex ensures that our gold dealers provide reliable services.
Lesson 2: #Beginner (3 min read)
Lesson 3:
Lesson 3:
Checklist For Gold Buyers
Investors in gold are encouraged to be as informed as possible about the market before acquiring assets and sourcing reputable traders should be a priority.
Lesson 3: #Beginner (1 min read)
Lesson 4:
Lesson 4:
What Drives The Price of Gold?
Understand the historical contexts behind golds growing value.
Lesson 4: #Beginner (3 min read)
Lesson 5:
Lesson 5:
The Gold Glossary: Terms and vocabulary
Interested in physical gold investing, but unfamiliar with some of the language in the gold market? This article teaches you the glossary of commonly used terms and acronyms to help you better understand how to invest in gold.
Lesson 5: #Beginner (3 min read)
Lesson 6:
Lesson 6:
How Much Exists? (Video)
One of the most attractive points from an investment point of view is that gold is scarce and finite, and that, as an element, it cannot be created. But how much is that amount exactly?
Lesson 6: #Beginner (3 min read)
Lesson 7:
Lesson 7:
What are Commodities? (Video)
A commodity is a basic good used in commerce that is interchangeable with other goods of the same type.
Lesson 7: #Beginner (2 min read)
Lesson 8:
Lesson 8:
Californian Gold Rush
While there were gold rushes in Georgia and North Carolina, it is the California Gold Rush that really captures the imagination. This lesson takes you through the history, the places, the people and the consequences of this special time. 
Lesson 8: #Beginner (6 min read)
Lesson 8:
Lesson 8:
Gold Purity
Throughout the centuries there have always been confidence artists and tricksters willing to convince an unsuspecting purchaser to buy what initially seems to be gold, but in fact is a sub-par mixture of many metals or even something containing no gold at all.
Lesson 8: #Beginner (4 min read)
Lesson 9:
Lesson 9:
The Global Political System: An Overview
Like many other topics, acronyms and abbreviations conspire to obscure the relative simplicity of the global political system. This lesson gives a simple overview of who is who, what is what, and how these different actors operate globally.
Lesson 9: #Beginner (3 min read)