Many people like to buy gold because they can hold it in their hands and it is widely viewed as a safe asset that will keep its value even in times of severe economic turmoil. However, it is very easy to pay too much for gold as a result of high fees, and those same fees/mark downs can also effect your profits on the sell side too. So what should an investor know before going to a pawn shop to buy gold coins? Three things: the current spot price, the purity of the gold, and the markup. Join Grayson Shaw from Christian Values Investing in Statesboro, GA as he explains what gold buyers should be conscious of.
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