With the price of gold fluctuating, you need to ensure that you’re investing in the best company. You also need to know how they hold their shares, how they produce and sell, who their target audience is, what else they are focused on besides gold – and if there’s a customer service line.
How Do I Know Which Gold Investment Company To Use?
1. Research The Company
First, you should figure out what kind of company it is. Is it mining, exploring or dealing company? To begin your research, start on the web at www.nysc.org to find their corporate office address and contact information. From there, call their corporate offices and ask who their top shareholders are and what percentage of the company they own. You should also ask them who are their target customers; if they tell you that they sell gold to anyone and everyone, then you know that they don’t specialize in anything in particular.
2. Look At How The Company Is Held & If they Offer Gold IRAs
A public company should be registered with the US Securities and Exchange Commission. If the company doesn’t do this, it is a private company (which means that you probably cannot buy shares through a broker, and you can’t hold them at banks or credit unions.) When it comes to a public company, you want to know its stock symbols and how they are traded. You also want to know who their major shareholders are, including individual investors or other companies. If the company isn’t listed on a stock exchange, it’s probably not a public company.
Also, do they offer gold IRAs? We have a list of the best gold IRA companies if you are interested in that option.
3. Look At How The Company Is Produced And Sold
Next, please research the company to learn how much of the gold they buy is from the ground and other sources, such as recycled gold and recycled jewelry. It will help you determine if their production is sustainable or not. A handy section on their website should tell you what they are producing and where they are buying their gold from.
4. Look At Target Customers
You should also determine if the company sells to an exclusive or a non-exclusive market. If they are not exclusive, they sell gold to whoever will have it – which might be shady people or countries. On the other hand, Exclusive companies might only sell to banking institutions and bullion dealers because they want to focus on their customer’s needs instead of everyone else’s.
5. Look At What Other Things The Company Focuses On
You want to ensure that you are investing in a company with sustainable practices in terms of environmental impact and employment opportunities. In addition, you should also ensure that the company you are investing in is focused on the best possible price for their gold – and not on making a profit. In other words, what do they know about metals and economics?
6. Check Out Any Customer Service Line
You should also check out the company’s website to see if they have any customer service lines or whether they have a 24/7 phone number to help you with your questions. If so, ensure that the phone number is staffed at all hours of the day and night. You should call around and see how long it takes to get through to whoever answers the phone.
7. Read The Company’s Annual Report
If you’re serious about investing in gold at the right company, then you should also read the company’s annual report for the previous year. It should include financial statements and reports that discuss where the company is going and its plans – as well as information about its employees and mining operations.
8. Make Sure That They Met Any Government Standards
You should also ensure that the company you are considering investing in meets all government standards regarding paying their employees and running their business, paying taxes, offering retirement plans for their workers and ensuring that they comply with all local labor legislation laws. You should also ensure that the company is not involved in illegal or unethical business practices.
9. Make Sure That The Company Is Not Too Large
You don’t want to be investing in a company that has too much money, either because it threatens to buy out all of the world’s major gold companies or because it can potentially monopolize the market if they are too big and powerful.
10. Invest in Quality Not Size
The final thing you should look for before investing in a gold company is the quality of the stock. You want to find a company that has experienced steady growth over the past few years and has been making profits consistently. You also want to ensure that they have enough gold reserves and other assets to tide them over through times when prices are extremely low – and you want to see historically consistent financial statements.
The Gold Investment Club is fully aware of the problems people face with gold investment companies such as It’s Gold, Puresource and many others. In other words, these companies are not established in countries like New Zealand and Australia. Therefore, you can’t get reliable confirmation whether these companies have been properly investigated. In addition, there are a lot of different opinions about the reliability of gold investment companies like It’s Gold, Pure Source and others. You will have to do your research before investing in one of these gold investment companies.