1. Confirm reputation: Before buying gold, you need to confirm the reputation of the merchant. Need to know whether the business is standardized, whether it has a license, whether it has a good reputation in the industry, and whether there are complaints.
2. Avoid high premium: the price of gold is affected by many factors, such as market supply and demand, international political situation, etc. Some merchants may raise the price of gold to make it higher than the market price, thus making high profits. Therefore, it is necessary to understand the current market price and avoid buying gold with too high a price.
3. Confirm the purity of gold: the value of gold is related to its purity. Before buying gold, be sure to confirm the purity of gold and avoid buying gold mixed with other metals or impurities.
4. Pay attention to the trap of collection: Some merchants may sell gold ornaments or commemorative coins as collectibles, claiming that their value will increase over time. But in fact, the value of these collections may be difficult to realize, so buying these collections needs careful consideration.
5. Choose the purchase method carefully: Gold can be purchased in many ways, such as physical objects, futures and ETFs. Different purchase methods have different risks and costs. You need to carefully consider the advantages and disadvantages of each purchase method and choose the one that suits you best.
In short, the purchase of gold requires careful selection of merchants, confirmation of gold purity, avoidance of high premium, careful purchase of collections and careful selection of purchase methods. This can help you avoid some risks and traps, so as to better protect your investment.