Even seasoned investors can make errors when buying gold bars. From overpaying to falling for unverified sellers, there are common missteps to avoid in the Detroit area. Taking time to do your due diligence helps protect your funds.

Watch out for these mistakes:

• Skipping bar authentication – Never buy a gold bar without clear proof of weight and purity.
• Assuming all dealers are the same – Not all sellers follow fair or legal practices.
• Ignoring the premium – Some dealers charge above the spot price without explaining why. Always ask.
• Failing to verify seller details – Unknown or untraceable sellers may disappear after the sale.
• Forgetting about resale value – Buy bars that are recognized and easier to resell in the future.

By avoiding these issues, you improve your chances of making a sound investment with lasting value in Detroit.

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