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American Gold Council
Consumer Protection

Seven red flags when choosing a gold dealer

Pressure tactics, hidden spreads and storage claims — how to spot them before you buy.

5 min read · American Gold Council

1. High-pressure urgency

"Prices will jump tomorrow" or "this offer ends today" is a sales tactic, not market analysis.

2. Steering to collectibles

Being pushed toward rare or "numismatic" coins can mean markups of 30% or more over the gold value.

3. Hidden spreads

If a dealer won't quote both the buy price and the price it would pay you back, walk away.

4. Guaranteed returns

No one can guarantee gold profits. Promises of returns are a warning sign regulators highlight.

5. Vague storage

If your metal is stored for you, you should know the depository, whether storage is segregated, and the insurer.

6. Fear-based marketing

Scare stories about bank collapses or confiscation are often used to rush decisions.

7. Poor complaint history

Check complaint records, state regulators and the CFTC where applicable. AGC Top Companies positions are paid placements, not independent ratings or regulatory approval.

Educational content only, not investment advice.

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