Page 41 - Introduction to investing in Gold

The Beginner's Guide to Investing in Gold
gold you’re selling, so the amount they offer you will be based on the spot price (the prevailing price), and they’ll normally offer you 60%–75% of its value. This provides them with a nice margin, so if the price moves against them before they can sell it, they may still be ok.
Because some gold items have undergone a lot of specialist and careful workmanship, there could be some value in that. So, it’s worth checking that out before you sell it. Clearly, it depends on what you are selling, but it probably makes sense to do a bit of research first.
Setting Up an Account with a Gold Bullion Dealer
If you buy gold, you don’t need to take delivery of it. You can have it stored and insured with the dealer you bought it from (I will cover this in more detail later on). However, if there’s a correction and a lot of people decide they want to buy gold, you could get hit on two fronts:
Firstly, it could take a long time to set up an account.
Secondly, while you’re waiting to do this, the price of gold could be going up!
The same applies if you want to buy shares in mining companies. You would need a platform that you’re signed up to that can do this for you.
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