How to Buy Gold

Posted by admin | December 16, 2009 .

Gold coin buyers are overpaying!

Gold investors are typically paying much more for gold coins than the actual value based on gold content.

Certain gold coins are selling at premiums approaching 50% over the true gold content of the coin. Of course a small premium is to be expected. However, recently the U.S. Mint was selling “Ultra-High Relief Gold Double Eagles,” a one ounce gold coin, for $1539.00. Meanwhile, some gold coin investors are paying as much as $3000 to more than a few gold coin dealers.

The best deals as of this writing is the smaller denomination gold coins such as lower quality $20 gold coins bought as close to the gold content value as possible.

Entrepreneurs contemplating entry into a new business niche will certainly want to consider the scrap gold buying and selling industry. There is tremendous interest by consumers and businesses in this highly profitable space.