How Coin Dealers Compare to Stock Brokers & Financial Planners
In the world of investing, there are basically three different levels of service that are available to the general public. For folks that are well versed in stocks, portfolio diversification and investment strategies, they may only need the services of a discount broker, such as E-trade, Charles Schwab, and Fidelity, just to name a few. For folks that need some assistance with the stocks that they’re considering, they may seek the assistance of a broker that charges a commission for trades. This enables you to consult with a professional and have some of your questions answered. For those who are investment novices, are short on time, or that don’t have the desire or propensity to learn the ins and outs of investing, a financial planner, wealth manager or fee-only advisor is usually the best approach.
The coin industry is similar in many respects. For example, you can order coins and bullion from a discount online coin dealer. The prices offered are usually competitive, but unfortunately, there’s no one to discuss your investment strategy with, such as if you should invest in gold, silver, a combination of the two and the percentage of each investment metal you should hold. In other words, if you already know what you’re doing and aren’t concerned about receiving coins and bullion through the mail, this may be the best option for you.
The next level of service is a local coin dealer with a retail coin shop. If you’ve been to a coin shop recently, you probably know that they can stay quite busy. In recent years, demand has increased due to catalysts such as Covid, the Russia-Ukraine conflict, high levels of inflation and bank collapses. You can expect and should receive some level of service from a local coin shop. While you may not be able to ask all your questions, especially if the shop is busy and you’re making a relatively small purchase, you should be able to get some of your general questions answered, which should help to narrow down some of the better options that fit your strategy.
Lastly, there are full-service coin dealers that act similarly to financial planners, wealth managers or fee-only advisors. This is more of a concierge-type service. While they may refrain from giving specific investment advice, you’re able to have all your questions answers and can discuss an investment strategy, including your short-term, mid-range and long-term goals to see if they are consistent with the allocation and specific options that you’ve selected. Most full-service coin dealers are also willing to share some personal information as to their favorite coin and bullion options, including their percentage allocation to gold, silver and platinum.
At present, many individuals are new to investing in gold and silver and need assistance. If you find yourself in this situation, we recommend that you visit with a full-service coin dealer, such as Atlanta Gold & Coin Buyers. We meet privately with our clients, set aside a substantial amount of time to answer questions and determine why you’re buying gold and silver, such as for barter, investment or collectible reasons so that we can suggest some options that may be best suited for you. We do all of this at similar rates to discount online dealers, which makes us the clear choice for you.
Whether you’re a veteran in the coin and bullion sector and just want to pick up a few coins or bullion to add to your stack, have some level of experience and just have a few questions, or are completely new to the precious metals sector, Atlanta Gold & Coin Buyers should be your coin dealer of choice. Considering our business model, we do have minimums for appointments, but these minimums can be met by most investors who are serious about making a moderate investment. If you’re concerned about the eroding effects of inflation, record level deficits, a growing national debt, de-dollarization and the increasing number of geopolitical risks we’re experiencing, you owe it to yourself and your family to make an investment in gold and silver today. Not only a decision, but a well-informed choice.