eBay thinks there’s potential for its marketplace to be a trusted seller of gold, silver and other precious metals and is making a major bet on this vertical as a sales generator via a new exclusive partnership with AMPEX Bullion Center which they introduced just this past Wednesday. Read on for more deals about this introduction. Words: 257
So writes Leena Rao (http://techcrunch.com) in edited excerpts from her original article* entitled eBay Makes A Big Bet On Gold And Silver Sales With New APMEX-Powered Bullion Vertical.
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Rao goes on to say, in part:
There has been increased interest in buying gold and silver, says eBay, and APMEX, one of the world’s largest online Precious Metals retailers, was a perfect partner for this vertical.
All of the 200 Precious Metal products in the Bullion Center are backed by eBay Buyer Protection and APMEX satisfaction guarantee, says the marketplace giant, and all purchases are delivered safely to residences and businesses in unmarked packages.
While there are currently sellers of gold and silver on the eBay marketplace, it’s tough to apply either the auction or fixed price model to these items because the value is constantly in flux in a given day. With the AMPEX vertical, all prices are up to date, up the minute of purchase.
Gene Cook, manager of emerging verticals at eBay, says that the company highlighted bullion as a category they wanted to go after in more aggressive way…[and] felt that partnering with APMEX would bring an element of credibility and trustworthiness to the vertical….
I believe it is important to mitigate the risk of loss with your physical bullion by diversifying the locations where you hold it. To this end, I think it is wise to have some bullion on your property, some in secure storage off site, a portion stored with an ETF like CEF and ideally at some stored at a location overseas. In order to obtain the overseas diversification, I [recommend BullionVault because, while their 43,000 customers have already done business with them at some of the lowest costs available, they have just reduced their initial commission fee by 37.5% - from 0.8% to just 0.5%! Let me explain further some of the advantages of doing business with Bullionvault.] Words: 796
One of the most common questions I receive is about where to buy gold. There are countless small and large sized dealers, each claiming to have the best prices, best inventory, best service, etc. Of course, you can’t take them on their word — you need outside analysis and a good old-fashioned review. In this article, you’ll find just such a review. Words: 532
Compare and save! Who is the most reputable, cheapest and most reliable precious metals dealer to buy your physical gold and silver from? Their are hundreds of dealers touting their wares but when it comes to direct comparisons only a few rise to the top of the list. Here they are. Words: 262
You have no doubt read countless articles on the price of gold costing x dollars per “troy ounce” or perhaps just x dollars per “ounce” but the difference between the two measurements is significant. For that matter, what’s the difference between a 24 karat gold ring and an 18 karat gold ring? Let me explain. Words: 863
Late last year the Royal Canadian Mint intoduced an Exchange Traded Receipt (ETR) in another long line of paper-gold investments that are now trading on securities exchanges worldwide. It, like all of the other programs, comes with a slew of fees and risks. [Why not take personal physical possession of your gold or silver, store it in an allocated and secure non-government vault, be able to have any or all of it shipped to you immediately upon request - and for dramatically less than any ETF or ETR? Let me explain how easily it is to do just that.] Words: 1601