Compare premiums between different dealers before buying. A high premium reduces your potential return. 4. Buy from Reputable Dealers

usually has higher percentage premiums than gold because it is cheaper to buy, yet costs similar amounts to fabricate.

Before buying, check the live "spot price" of gold and silver. The spot price is the current market value for one troy ounce of the metal. You should expect to pay this price, plus a small premium (dealer markup). If the price seems too good to be true, it probably is. 3. Understand Premiums and Fees

Requires a high-quality fireproof safe and potentially added insurance coverage.

Many dealers offer secure, insured, third-party vaulting services. 7. Think Long-Term

Tips for Buying and Selling Bullion - American Numismatic Association

Generally, invest in .999 or .9999 fine gold (24K). However, 22K (like American Gold Eagles) is also highly tradable because it is more durable. Silver: Standard purity is .999 fine silver. 6. Consider Storage and Insurance If you buy physical metal, you need a plan for it.