Here are some of the gold trading tips:
Price assessment – Investors or buyers won’t be able to get the gold coins directly from the US Mint. Instead, the American Eagle gold can be bought from the dealers found in the Mint website. However, buyers need to compare the prices offered by these gold dealers. Gold coins are priced at a premium that is much higher than gold’s spot price.
Dealer policy – Investors should be aware of the charges applied on gold bullion coins when sold by the dealers. This is because different dealers have different price standard. Moreover, there are some dealers who do charge any premium on gold coin purchase. In addition, investors should not buy gold from dealers who provide free storage service and delay in delivering the gold.
1-ounce coins – Investors must know that American Eagle coins are sold in four kinds of denominations. They are – 1-ounce, ½ ounce, 1/3 ounce and 1/10 ounce. However, it is the fractional coins that are costlier than the 1-ounce gold coins with regards to spot prices.
Finally, investors should never trade with the telemarketing agents who charge exorbitant commissions on every deal. Following these tricks will make gold investments shinier and more profitable.