Fort Worth (PRWEB) June 25, 2014
Gold and silver-dispensing ATMs have been popping up from coast to coast and a leading North American gold dealer has officially warned investors that gold purchased from vending machines could cost much more than necessary. Certified Gold Exchange spokesperson Janet Jones said Tuesday from her Fort Worth office that the same items placed in vending machines could be purchased in-person or online for much less.
“You can buy a one-ounce pure gold bar, get answers to all of your questions and take free home delivery of your gold for just $24 over the gold spot price per ounce,” Jones said. “If you buy gold from a gold ATM you won’t receive personalized service, product selection and quantity is limited and you have to walk or drive all the way home with the gold in your pocket.”
A June 11 New York Magazine article revealed that a one-ounce gold bar, purchased from the gold ATM in Midtown, costs about $60 above the gold spot price. “One might expect to pay that much for an American Eagle gold coin, but that is an excessive premium to pay for a gold bullion bar,” Jones said. Jones recommends visiting local gold dealers and using the Internet to find a reputable gold seller. “Look up the Better Business Bureau and Ripoff Report files on any gold dealer with whom you are considering doing business,” said Jones. “Otherwise it could take you much longer to break even than you would like.”
Certified Gold Exchange, Inc. is one of North Americas premier precious metals trading platforms, providing unparalleled service to licensed dealers, institutions, and household investors since 1992. Certified Gold Exchange maintains an A+, Zero Complaint Better Business Bureau rating. For more information or a free Gold Investors Guide, visit http://www.certifiedgoldexchange.com or call 1-800-300-0715 today.