Ways To Buy Gold

What are the best ways to buy gold and silver?
These days the airways are full of gold news, silver news, and vendors shouting at you from every direction that they have the best gold & silver price. It can be so confusing, trying to decide who has the best price for gold and best price for silver, and simply knowing who to buy from.
Here is some great information that will help you discover the best ways to buy gold and silver and get the best prices.

There are literally thousands of gold and silver broker dealers out there. Some are good, some are bad, some are very, very bad. The worst are like sharks, lurking and waiting for the right opportunity to descend on their next uninformed victim. It's critical that you educate yourself FIRST... before you even THINK about making your first purchase.

Obviously many brokers do not want you to do that. They love uneducated and uninformed buyers. They're easy prey. Some dealers call these types of buyers marks. Don't be a mark! Become an educated, knowledgeable metals investor. The rewards can be astonishing. Step one is to learn the system.

Gold price charts by GoldBroker.com

Here's how the system works. Most gold & silver broker/dealers are middle men. They don't mine the gold and silver, they don't refine it, and they don't mint it or turn it into coin or bar forms. They simply buy the finished goods and resell them.

Brokers purchase their inventory from a relatively small number of giant wholesalers, who sell only to licensed brokers. They obviously buy at wholesale prices and usually have pricing that is linked to volume. Then, the brokers mark up the gold and silver anywhere from 5% to 40%+, (so they can make a profit and stay in business), and sell it to their customers. Pretty simple, right?

And just like any other industry, different brokers choose to use different business models. Some brokers position themselves as upscale boutiques that cater to the "full service" type of customer....think Tiffany's and Neiman Marcus. Many of these types of brokers typically sell less overall gross volume of metals, so they obviously must sell to their customers at very high mark ups.

Other brokers choose to use a different business model and sell in large volumes. By offering a no frills or low frills shopping experience, they can afford to operate on smaller margins.... think Target and Walmart. And... there are tons of brokers who operate at every different level between these two extremes.

At the end of the day, they both need to be able to make a profit to be able to keep the lights on and succeed. Some obviously make more profits than others. Many buyers need to decide if they would prefer to pay more for gold per ounce and silver, and get the white glove treatment, or if they would rather get "normal" customer treatment and pay less.

Here's the big thing. Most brokers are selling the exact same types and forms of gold and silver. For many smart buyers and investors, the difference pretty much comes down to price. In most cases, since gold and silver are commodities, it usually comes down to who has the lowest gold and silver prices.

CAUTION: There are some brokers out there who advertise 24/7 and throw out statements left & right like: At cost pricing, 1% over cost, wholesale prices, dealer direct prices, etc. The only thing "discount" about many of these guys is their words... because their metals certainly aren't discount.

I mean, just because they SAY IT, does not mean it's a fact. Often, if you really compare their prices you will discover they simply are not being forthright. They rely on customers simply believing what they hear on the advertisement, and being too lazy to do their homework and due diligence to check them out. Don't be a lazy shopper. Do your homework.

Would you like to discover more "Insider Secrets" to buying gold and silver? I've written a great book called: "Your Broker's Worst Nightmare -- 14 Industry Secrets To Buying Gold & Silver That Your Broker Is Praying You Never Discover". If you get just one idea from this publication, you can save yourself thousands of dollars. To grab your copy or find out more, go to: http://preservationofwealthreviews.com/14-secrets/
Doyle Shuler is a top leader in the largest gold and silver bullion wholesale buyers club in the world. He helps members from all walks of life to buy all of the gold and silver bullion they want, at true dealer-direct prices. Members often save thousands while totally and completely cutting out the broker/dealer mark-ups from their bullion purchases.

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You can buy coins and barrs online at: http://goldsilver.com/buy-online/gold/