Gold Dealers: How to Avoid Being Overcharged by a Gold Dealer

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.

OneGold 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.

OneGold recommends leaving rare or numismatic coins to specialist collectors, with gold a safer way to trade in the metal. But don't be complacent. The price of gold bullion can also be inflated by as much as 8 percent. Luckily, we can help you trade in the commodity at a very small markup.

Avoid High-Pressure Gold Traders with OneGold

At OneGold, our aim is to get you the best price for your gold in a secure marketplace.

We don't employ salespeople and never apply coercive selling methods. Instead, we strive to provide free, online application, so you can take your time in making an informed decision.

We're also available to answer your questions, and we're happy to walk you through any unfamiliar concepts.

How to Start Gold Investing with OneGold

With a deep understanding of precious metals unmatched in any competing partnership, APMEX and Sprott came together with a shared vision for the evolution of precious metals ownership. OneGold is the result of the knowledge, experience, and resources of these two globally recognized partners.