In these uncertain financial times, people are always on the lookout for ways to invest their hard earned money into something that is going to provide them with an excellent return on their investment. This is a lot easier said than done, and we are inundated every day with advertisements and blogs that try to point us in a particular direction. It is during times like these that we turn to commodities that have worked for people in the past and we have trust in them. We are of course talking about gold, and demand for physical gold has been growing all across the country and especially over the past six months.

Any financial adviser will tell you that you shouldn’t invest all of your money in just one thing and so it makes more sense to divest into many different things. They may certainly advise you to invest your money in popular precious metals like gold and many people are heeding their advice. This has made gold and specifically gold coins very attractive. However, the downside is that many people are being scammed and so, when they go to trusted dealers to sell their gold, they get the bad news that they have bought something that isn’t authentic.

Here’s some excellent advice on some of the best ways to make sure that you’re not being scammed when it comes to your gold investments and specifically gold coins.

• Keep Yourself Up-To-Date - This is going to be a financial investment and so you need to do your research before you even begin to try to invest in gold coins. You should be aware of the current market price of gold, and you must understand the different prices for different forms of it. You should also be aware of how gold is weighed. It is important to be able to identify a scam coin specifically by its design.

• Deal Only With Reputable Dealers - This is probably the best piece of advice that you will get in this article. If, for example, you go for buying gold in Adelaide or anywhere in the world, you will want to ensure you are dealing with those who have a sound record and come highly recommended. The good thing about the Internet is that you can actually Google these dealers to find out how they treat their customers and what kind of experiences that they provide.

• If It’s Too Good To Be True - This is advice that your parents and grandparents have been giving you for years and so if something appears to be too good to be true, then you should be prepared to walk away immediately. You should always be suspicious when the price of gold coin is too low and if a dealer offers you gold coin at below market prices; you can be pretty sure that something is amiss.

Investing in gold can be a very sound financial decision if you know exactly what you’re doing. If this sounds like an excellent proposition, then get yourself down to your local reputable gold dealer and start doing some investing. Always be sure to ask for some kind of documentation. It is always a good idea to ask if they will buy back the gold from you should you want to sell it at a later stage.

*This is general information. Obtain advice from licensed investment professionals prior to making investment decisions.