Buying Gold Anonymously: Myths An Investor Should Know
Of late, there has been an increase in the number of investors who are interested in buying gold anonymously. However, because of some confusing myths, many of them have ended up making mistakes in the process of buying gold. When using this method of buying gold, you should be cautious about the following myths:
Buying gold anonymously requires the buyer to provide personal data
The implication of buying gold anonymously is that you do not have to provide personal data or personal information in the process of purchase. Therefore, if a seller requests personal info like address, telephone, or email; you cannot consider that a process of buying gold anonymously. One point we should bring out clearly is that there are no “intermediate points” in anonymous purchases.
You can purchase paper gold and physical gold anonymously
Quite a number of gold investors believe in the possibility of buying gold anonymously in its physical or paper form. However, anonymous gold buying is usually connected to physical purchases of gold. Buying paper gold usually entails the provision of paperwork, which another person can use to track the buyer.
There is no limit when buying gold anonymously
Some people believe in the un-limitedness of gold purchases when buying gold anonymously. However, many countries have different gold purchase limits. In some countries, the total purchase is not supposed to exceed $10,000.
It is a risky way of buying gold
There are people who believe that buying gold anonymously is risky. However, you only need to buy gold from a reputable store or online business in order to counter this risk. You should also remember that no one will know about the transaction. Thus, this eliminates the risk and instead guarantees security. The safety and security advantage that this mode of buying gold brings allows an investor to store the gold in a safe in his house.
It is not possible to invest in bullion anonymously
As a result of certain limitations that vary from one country to another, some investors harbor the notion that it is impossible to buy gold bullion anonymously. Well, it is true that buying a “good delivery” format may not be possible. However, you can cheaper versions like ingots that come in 3.75 or 6 ounces. Most of them are cheap and in some cases, buying them allows you to keep your investments below the allowable limits in certain countries. What are your views about this subject? Could you be knowing any other myth about buying gold anonymously? If you are interested in knowing how you can invest anonymous on the gold from the Democratic Republic of Congo, feel free to contact us using the form below.
