Purchasing anything online comes with a hint of worry. How do you know you're getting the product that is advertised, and how are you assured of its quality? This is especially true for silver investors. There are a lot of people and companies that will sell an inferior product. Below are some tips for keeping your money and investments safe.
Buy in Bulk
The first and most important key is to only buy silver in pure bulk forms or bullion. Buying in smaller quantities will not yield a high return on investment. Many companies specialize in selling "rare" silver online. They will advertise this as a special "collectors" item. In reality, these are just fancy words for "impure". Why should you pay more for a product that should logically be worthless?
If your objective is to turn around and resell the silver, experienced buyers will see that "rare" or "collector" items are generally bad deals. Avoid embarrassing resale moments by only purchasing pure silver bullion.
Avoid Paper Markets
In many markets today, a great deal of trust is placed in pieces of paper: stock investments, bank notes, and more. These may seem appealing when it comes to buying silver online, but owning paper-market silver is not the same as owning a physical product. Lots of warehouses oversell their paper and will not have the product available when you want to cash out. This could cause problems when you are trying to make a sale of your own. It is best to avoid your investments being tied up in the economy; instead, invest in physical silver.
Closely Examine Buyback Clauses
The key to finding a reliable online seller is to take a look at buyback clauses. Many sellers also buy silver, so they will often have clauses about buying products back from you. If their bid price is high, that is a good indication that the product they are selling is high quality. Be sure to check out the dealer's credentials. Sellers that have been in business for a long time are likely following good business practices. Many untrustworthy online dealers will only be in business for a few years before their sites crumble.
The draw of many questionable dealers will be their low prices. Only trust sellers who have both a good online reputation and several solid years of good business behind them.
