With gold prices now holding around $1,900 an ounce and silver at about $23, investors in the market to buy physical gold or silver should prudently take the time to shop around to avoid overpaying for purchases. They should also be wary of potential counterfeits in the marketplace and mistaking plated “gold coins” for actual bullion products, cautions leaders of the non-profit Professional Numismatists Guild (PNG) and their Accredited Precious Metals Dealers (APMD) division.
“Adding gold, silver or platinum bullion coins or ingots to an investment portfolio can be a smart choice, but knowing your seller can be a crucial choice,” said Wayde Milas, president of PNG-APMD. “To avoid potential scams, such as counterfeits, and to avoid paying too much when you buy or receiving too little when you sell,…