How To Buy Gold And Silver

After you decided to buy gold coins or to buy gold bars in your country

, you need to identify a good gold trading company, sometimes also called a bullion dealer. Its always good to go with a recommendation from a friend or a trusted source of information. Its ok to buy from a local source although dealers that have a shop usually have higher costs than an online store. Choose whichever way you feel best. If price is key, its best to buy online. And with regard to online stores it does matter that the store is a legal business. Also which law applies in case something goes wrong does matter? We at pro/cent are based in Germany and are subject to German law. Weve chosen the logistics to be in Germany as this is the largest economy in Europe and people there are precise and punctual. And because we provide an online shop we offer best price for Europe with insured and fast delivery.

A good dealer usually provides a good price, which means the price youre paying is close to the spot price. Please be aware that premiums may change due to market shortages but should be in a range for 1oz gold coins of 4 to 8% and a range of 0.9 and 4% of 1oz to 1 kilo gold bars.

The next check-point is the variety of products and availability. The products shown on the website should be in stock. Sometimes dealers put up products that are NOT in stock and therefore cause delivery delays.

Customer references should be available in case of doubt. We at pro/cent have a broad range of customers throughout the world and always encourage new customers to speak to our current customers.

A last check point is delivery and handling fees. Sometimes you see lower prices but get charged a high amount of handling and delivery fees. In other cases the provider offers free delivery but charges higher gold prices.

The same rules and suggestions apply for the purchase of silver as for gold with one exception. If you are a resident in the European Union and you buy from a country inside the EU silver is subject to vat. The country you have the silver delivered to is the country you need to pay the vat for. However, if you decide to have silver stored in a different country and purchase there, the country of storage is subject to vat.

Most countries charge the same vat rate not regardless of whether you purchase silver coins or silver bars except Germany. Germany currently has a 7% vat rate on silver coins and 19% vat on silver bars. A possible difference in vat rates between silver coins or silver bars can make a huge difference for you please check your countrys vat before you buy silver.

If you intend to have your silver in your home or in a safety deposit box, buying silver coins through Germany, especially when you live in the United Kingdom / Great Britain (UK; GB) and Ireland, France, Belgium, Netherlands, Denmark, Austria, Spain, Italy and Greece proves to be a smart move.

by: Andres Molleda

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