POSTED BY October 3, 2012 9:39 pm COMMENTS (5)ON
Where do you recommend to buy Gold Coins. / Bars
I have seen local reputed jewellers selling them but no certificate, nothing to back substantially for purity. Some engraving is done, honestly I am not impressed by it as I saw their worker doing it in one corner of house.. saying 99.9 pure and some design. That means anybody can mark that on the coin. What is surprising is people dont seem to bother.. the jeweller ofcourse has there been for years may be his grandfather opened the shop, so it more of trust than evidence.
Looking for more avenues, I found some good options like Tanshiq or Gitanjali online. These shops do have strong reputation, so a layman can possibly buy blindly from them. However, they come with much higher price than the local jewelers just like banks. I am not sure either if they will take back as Banks dont take back the coins they sell. The local jewelers may buy it but do all sort of deductions as it is not his product.
Is there any good place in the market you can buy comfortably and also sell back to them.
Yes, I am aware of Gold Funds, ETFs and other options for investing gold. But this query is specific to physcial purchase please.