How to Buy Gold
$153,000 found in airport searchWikimedia Commons, Photo File Arrested with $153,000: Suspect buying gold? The suspect, 33-year-old Conor Guckian, was stopped by police at the Nashville International Airport this week who found he was carrying thousands of dollars in likely illegal cash. An update on this news story reveals that Guckian claims he was flying out to California in the hopes of buying gold, and that drugs may have been involved in the acquisition of the money. UPI.com shares the latest information on this unexpected search and seizure this Wednesday, Jan. 15, 2014. The suspect arrested with $153,000 alleged that he was simply bringing a lot of cash via a private flight to California in order to buy gold, but authorities believe there was more to his story than Conor Guckian was letting on.
Don’t be a sucker. To avoid getting suckered into the latest scam, buy from a reputable dealer with at least 10 years in the business, and make sure your merchant buys from wholesalers supplied directly by the U.S. Mint. Don’t pay too much. Never pay premiums of more than 8 percent over the spot price of gold for a one-ounce coin. For more reading: The U.S.
Demand To Buy Physical Gold Remains Strong [SPDR Gold Trust (ETF), iShares Gold Trust(ETF)]
This is despite low inflation levels, which http://www.xing.com/profile/Mike_Dillard suggests ongoing concern over inflation and short-covering. Demand to buy physical gold remains strong Physical demand from China remains strong. Premiums on the SGE have halved in the last week, whilst volumes have been higher; a sign that Chinese banks have picked up their imports and are delivering onto the SGE. Physical buying in India is also set to remain steady as citizens look to buy gold ahead of the wedding season. Reuters reports this morning that exports of gold jewellery from the country fell by 30% to $443.19 million, in December from the previous year.