You can purchase gold pieces anywhere anytime you like from any authorized gold dealers or brokerage houses which will give you more security over your gold purchases. You can also choose to pay for your gold pieces in whatever currency you prefer. You may be a visitor to another country when you decide to buy some gold pieces. You can opt to pay for your gold pieces by cash in the currency of that nation.
Types of currency
Regardless of the currency you choose to pay your gold items, you can have various payment modes like credit card, bank wire or money order. These will charge you according to the US dollar amount of your gold purchases which would be converted to your local currency depending on that day’s exchange rate.
If you are paying your gold purchases by cash, you will need to check if your preferred currency is accepted at the merchant’s store. Many established gold dealers accept almost all major currencies for your gold purchases if you are dealing with American gold dealers. This is true whether you are purchasing gold from them online or offline.
International Gold Merchants
It depends on where you are when you decide to buy gold. American gold merchants accept US Dollars, Euros, Canadian Dollars and Great Britain Pounds for gold purchases made through them.
Most gold merchants would accept major currencies although the local currency is preferred if the gold purchases are paid by cash; even if the gold merchants have international branches.
However, with the advent of the credit card, this should not be a problem as you can pay in local currency and the card processing company will compute the currency exchange on your behalf which you will see on your next credit card bill statement.
Cash Discounts
One of the advantages of paying in cash for your gold purchases regardless of the currency used is to enjoy the cash discount offered by many reputable and even well established gold merchants. The amount of discount also depends on the type of currency that is being used to make the gold purchases.
Usually you will enjoy a 3% discount when you pay by cash in US dollars. Other currency payments will need to depend on the exchange rate for the day as well as the gold merchant’s policy on discounts.
Promotional Items
There may not be any discounts on promotional items even if you pay cash for your gold purchases. These promotional items are usually heavily discounted already; hence, you will not get to enjoy cash discount.
Types of currency
Regardless of the currency you choose to pay your gold items, you can have various payment modes like credit card, bank wire or money order. These will charge you according to the US dollar amount of your gold purchases which would be converted to your local currency depending on that day’s exchange rate.
If you are paying your gold purchases by cash, you will need to check if your preferred currency is accepted at the merchant’s store. Many established gold dealers accept almost all major currencies for your gold purchases if you are dealing with American gold dealers. This is true whether you are purchasing gold from them online or offline.
International Gold Merchants
It depends on where you are when you decide to buy gold. American gold merchants accept US Dollars, Euros, Canadian Dollars and Great Britain Pounds for gold purchases made through them.
Most gold merchants would accept major currencies although the local currency is preferred if the gold purchases are paid by cash; even if the gold merchants have international branches.
However, with the advent of the credit card, this should not be a problem as you can pay in local currency and the card processing company will compute the currency exchange on your behalf which you will see on your next credit card bill statement.
Cash Discounts
One of the advantages of paying in cash for your gold purchases regardless of the currency used is to enjoy the cash discount offered by many reputable and even well established gold merchants. The amount of discount also depends on the type of currency that is being used to make the gold purchases.
Usually you will enjoy a 3% discount when you pay by cash in US dollars. Other currency payments will need to depend on the exchange rate for the day as well as the gold merchant’s policy on discounts.
Promotional Items
There may not be any discounts on promotional items even if you pay cash for your gold purchases. These promotional items are usually heavily discounted already; hence, you will not get to enjoy cash discount.
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