If you think gold scams do not take place all the time, well you need to think again. The buying and selling of gold that you can hold in your hand, involves dealing with individuals or dealers that specialize in the medal. Of course, you will be much safer, especially if you are a novice in the field, to purchase your gold from very well known and highly respectable dealers.
Under no circumstances do they want their reputation tarnished in anyway, so you can be absolutely certain that you will be getting what you paid for. That being said, you might have to pay a little more for the gold than you would have to from an individual seller.
There are many places that you can purchase gold from on the internet today. In fact, one of the largest websites selling gold is eBay. Most of the sellers auctioning off their gold there will be individuals. So, there are certain risks involved in the process.
If you like a certain piece, the first thing that you want to do is to check out the seller’s reputation. If they do not have a substantial number of positive feedbacks in their profile, you might want to look for another seller.
A few areas that you want to stay away from, unless you are an expert, are purchasing gold jewelry or nuggets. Gold jewelry for the most part, is only worth what scrap gold is selling for. Most of the pieces that you will be presented with will not be worth anywhere what the buyer paid for them.
The purchasing of gold nuggets should be left up to the people that specialize in this industry. Over the years there have been many scams involving this type of gold, and for that very reason you really should stay away from it.