Have you had any proposal to buy gold coins from Questnet,MLM company based in Hongkong?

Question

Do the coins get more value as time goes by?
Anything negative about the company?

Answer 1

When buying gold coins from anywhere.If these coins are not minted officially by the govt.they have no intrinsic value whatsoever.Moreover govts gurantee the quality and gold content of the coin So if.MLM is manufacturing coins they have no value,other than thier gold content

Answer 2

Any bullion coins should be purchased from a reputable dealer where you can actually see and hold the coins. Also, it's a good idea to compare the spot value of the metal - Gold, Platinum, Silver, Palladium, etc. against the assigned price of the coin to see what the profit margin is. About a 10% mark-up is what I've seen and seems to be the average and fair. The site below is where I go to see the daily spot values in the kitco.com inset. Good Luck!

Answer 3

I encourage you to find a local dealer & develop a relationship with them; they will explain how they conduct their business & many things about buying & holding gold. 10% markup is right. You can call your dealer that day he will quote you the spot price of gold & that quote will be good for your purchase that day.

American Gold Eagles, Gold Buffallos, Canadian Maple Leafs, many others are all recognized around the world as respectable, unquestioned forms of gold. Your dealer can tell you more & show you as well.

Or you could get a Scottrade account & buy IAU or GLD which are 1/10 oz. of gold shares. No metal changes hands but you own the shares.

Good Investing with gold to you!

;-)