Buying Gold: 5 Biggest Mistakes Investors Make (DON'T FALL FOR THESE COMMON GOLD INVESTING MISTAKES)

The five biggest mistakes when buying gold are more common than you may think. In fact, before you buy any gold at all, you should make sure you know what you're getting into--which is why we made this video.

Physical gold bullion is a great hedge for investors seeking protection from dollar-based investments, especially in times of falling stock prices. Gold coins and bars are relatively affordable, liquid, anonymous, and easy to secure.

But in today's highly competitive retail market, there are several costly mistakes investors can make when buying gold bullion.

Mistake No. 1: Buying Collectible (Or Numismatic) Gold Coins. One of the biggest mistakes a new investor to gold can make is buying collectible coins. Investors should never pay a premium for graded gold bullion coins. As a general rule of thumb, don't buy anything that looks like coins in the video.

Mistake No. 2: Buying Junk Gold. In the world of bullion, there is a very common product known as “junk silver.” Junk silver is typically any silver coin with no value other than the value of the metal contained in the coin, usually called melt value. Like junk silver, junk gold is any gold coin with no value other than the value of the metal contained in the coin.

Mistake No. 3: Becoming Loyal to a Bullion Dealer. I know there are some folks who like to support local businesses and would prefer to only buy gold from their local dealer. But the best thing you can do for yourself when buying gold bullion is shop around for the best prices. To learn how and where to look, tune into the video!

We won't give it all away in the description here, but to get the last two most common mistakes when buying gold, as well as a more detailed explanation on the first three mistakes, tune into the video now!

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Disclaimer: We do not provide personal investment advice. Forward-looking statements and projections are subject to change and may be inaccurate. All investing carries risk. Be smart out there. And good luck.