Choosing the right dealer for gold bullion can be tricky at times, mainly because this is a decision that you do not prefer changing too often. A gold bullion dealer has to be reliable and transparent and at the same time offer value for money. If you’re willing to buy locally, it is better if the place is close by and easily accessible for you. If you’re looking for an online solution, make sure that the dealer is reliable, as you are not physically checking the product before making the purchase. There are risks associated with either, and you have to figure out how to minimize them.

Here are some tips on how you can successfully pick authentic and value-for-money bullion by approaching the correct dealer.

The Professional Numismatics Guild
One of the simplest and quickest ways to begin the search for quality gold bullion is by knowing whether the dealer is part of the Professional Numismatics Guild or not. The Professional Numismatics Guild is a regulatory body with some strict rules and a code of ethics for precious metals dealers. Thus, the inclusion of the dealer in the guild acts as a surety that ethics are being followed and the business can be trusted. Every dealer who is part of the Professional Numismatics Guild presents the true value of the gold bullion and other precious metals to the customer and is not dishonest. Further, the members do not pressure the clients to buy a product.

Understand the true value of the product
Whether you are buying gold or selling it, you must know the value of the product. Pure bullion is of slightly lower value than coins like a Canadian Maple leaf or an American Eagle. On the other hand, it may be more expensive than some other coins as the purity of gold can differ. Further, you might also be considering exchanging some other pieces of jewelry for bullion, and so you should know the content of gold that you will be able to recover after melting. If you do not know a lot about buying or selling gold, you should consult a few dealers and have a word with close friends or family. Do not select a dealer based on shallow research, and do not finalize a dealer that you are not completely sure about. Once a dealer who provides the correct value for the product has been finalized, it is suggested not to change the dealer.

Old is gold
The longer a bullion dealer has been in the market, the better price you are likely to get for gold bullion. Thus, if you’re willing to buy gold bullion with minimum risk, go with a dealer who has been around for a long time. Even if you are looking to buy online, you can search for a dealer who has a physical presence and has also ventured into online business. Several dealers have been in the business for many decades, and they should be a good bet if you’re only getting started.

Buy locally
There are several advantages of buying locally, even though you have the option of buying online. Firstly, you walk into the physical store and walk out with the gold bullion without running the risk of the product not being delivered. Secondly, no documents will be required as they are in the case of online buying because you have the option of buying with cash and staying anonymous. Also, a local shop will more likely sell the authentic product because you have easy accessibility to the store. However, it is important to analyze the business carefully before you decide to make any purchase.