Gold and silver are the only investments that can be considered truly safe even during a crisis. You can easily buy gold bullion online in Australia.
But, when looking to buy gold or silver online, make sure you’re buying from a verified website to minimise the risk of fraud. There are many websites available in Australia where you can buy gold, but not all of them are legitimate. Here are some precautions to take.
Buy from a Trustworthy Website
When looking for a trustworthy website, consider the following factors:
- Do they have a physical presence?
- How long have they been selling gold bullion online?
- What are the payment methods available?
- Do they have the necessary certifications to sell gold online?
These questions play a crucial role in selecting the best website to buy gold and other precious metals. Not all websites are trustworthy, and you can easily distinguish the fake ones from legitimate stores by asking the right questions.
Check for Certifications
Depending on whether the gold is imported or locally available, different types of certifications may be available. Mostly, gold bullion has certification on the gold, or it comes along with a certificate that states its quality.
Prices of gold can go up and down daily, so you must also check whether the website adjusts gold prices regularly or keeps them static. Many websites have fluctuating prices locked in as soon as you add the bullion to your cart.
Giving Personal Information
All legitimate websites will ask for your personal identification proof to verify you are who you say you are. While you may feel apprehensive about giving your personal information, websites have an iron-clad policy in which they do not share your personal information without your express consent to a third party.
You may also have to register to create an account if you purchase gold that exceeds $5000, as is stipulated by Australian Law.
Storage and Delivery Options
When you buy gold bullion online, you get two options: you can either get the gold stored at the HQ for safekeeping or have it delivered to your home. If you choose to have it stored with the sellers, additional storage charges may apply as they may insure the gold while it’s with them.
If you are having it delivered, be sure about the date and time it will be delivered to your residence as you won’t want it to be received by someone else by accident. Many websites with physical stores also let customers pick up their orders at the store itself.
Buy Your Gold Bullion Online from a Certified Source
When you take these precautions and ascertain that the website you are using to buy your gold bullion is verified and secure, you don’t need to feel concerned when placing an order.
Many websites today in Australia deal with the buying and selling of gold, but not all of them can guarantee the purity and quality of the gold. So, make sure to always choose verified and reliable websites when buying gold, silver or other precious metals online.