In terms of safe online gold and silver buying there are a few different things you need to do to ensure your safety. The World Wide Web is certainly a wonderful resource, but there are many ‘honey traps’ that may ensnare you and result in the loss of your investment, or at least a minor rip off. Today we are going to look further in-depth at how to determine whether a bullion website is legitimate and trustworthy.
People often say that you ‘can’t judge a book by its cover’. However, you can judge websites, especially e-commerce websites, upon first impressions and a bit of careful scrutiny. Judgmental, yes. Intelligent, of course. Take a careful look at the website you are considering to purchase from- does it look reputable? Gold and silver websites littered with garish ads, pop-ups, poor grammar and spelling etc are much more likely to be scam or con sites, simply because the aim of the game for Internet spammers is to set up quick websites and milk them for as long as they can get away with it. Look for clean, professional-looking and highly finished websites. Also, avoid suspicious sounding domain names or domain name extensions.
The most important thing you can do is check (and then double-check) that there is some form of encryption technology keeping your private data safe when buying online. This is the cornerstone of safe gold and silver buying; ensure that you check for the little padlock symbol in your browser window on any private pages where you are parting with your credit card, PayPal or banking information, as well as private information in general.
Depending on what browser you use the location of the symbol may vary, but basically it tells you that you are using some form of encryption to prevent the theft of your personal information. 128-bit encryption websites (which all reputable gold and silver online retailers should use) is highly recommended to look out for.
If you cannot see a little symbol that looks like a padlock that on the order page then ‘get outta dodge’ and find a more reputable website.
It also goes without saying that you should have some form of quality anti-virus and firewall software on your computer. Update it regularly, and perform regular scans of your computer to ensure there is nothing that might jeopardize your important personal data.
By following the above steps you should have a better idea about safe and secure Internet gold and silver buying. Although it can be a daunting process at first, online purchasing is also quite a liberating thing. Embrace the technology of today and build your gold and silver portfolio without even leaving your home.
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