Finance and Investing

Buying gold has been an irreplaceable tradition for many generations in India and abroad. Some buy gold for the sheer aesthetics and some buy for showcasing their regality or for gifting purpose. However with the advent of time, most people today are turning to buy gold coins for investment purposes.

The gold price which is most likely to increase with an astonishing pace in the years, to come is a source of good investment and sufficient profit. However, when it comes to these bullion coins, the tricky part is buying them.

With the growing number of scams in the market, along with unscrupulous dealers, it’s very easy to get swayed into buying fake gold coins. Hence, if you’re recently planning to buy these bullion coins, then here are valued tips to help you pick a genuine item.

gold Coins canada

Tip 1: Notice the Purity

Depending on the kind of gold you will be purchasing, it’s vital to ensure that you’re paying for the correct amount. Often unethical dealers falsely sell tarnished gold and charge a higher price. Hence, it’s vital to know the purity of gold. Measured per thousand grams in carats, the purest gold is 24 carat or 24 K.

So, as per the money paid, ask your seller to give gold coins which are marked. These products normally have engravings like 24K with numbers like 990 indicating fineness.

Tip 2: Go for Hallmarked Products

Hallmarking involves stamping or laser stretching the mark of purity on a gold item. Hence, when you buy gold products from a reputed seller, one that provides hallmarked products are likely to be more genuine.

Moreover, hallmarked products feature the year of hallmarking along with the identity of the jeweler, ensuring the credibility and genuineness of both the seller and product sold.

Tip 3: Coins to Eliminate Making Charges

The making charge levied on any jewelry depends on the time and amount of craftsmanship needed to manufacture the product. Now, this is why complicated handmade jewelry and intrinsic machine made jewelry are charged normally higher.

Henceforth, most people anyhow prefer to buy gold coins which are machine made as it eliminates the making price.  So, if you’re not buying for aesthetic purpose and simply wish to boost investment go for the machine printed.

Tip 4:  Be Vigilant of the Packaging

The packaging is an important factor to consider while buying gold products or coins. Ensure that the package you’re provided with is not tampered with. Also, notice the shine, weight, and body of the gold to look for signs of discoloration or other markings. For a more certain result, you can try the density, magnet and bite test to verify if you’re gold is authentic or not.

Tip 5: The Shop Matters

As mentioned, the frauds selling products in a digitalized world is plenty. So, instead of being swayed by offers, it’s best to buy authentic products from shops that have a good reputation. Check testimonial, go through credentials, and also look for hallmarking etc. to ensure that you are sold a genuine product.

gold coins

So, that’s about it! With these 5 tips rest assured that you will not be tricked into buying fake gold coins. Now, make the smart buy and enjoy a fruitful investment.

Business stands on the steady flow of cash. If you have ever started a business of your own, then you are well aware of the importance of money to maintain the health of the business.  As per the report of the studies on business cash flow, 2 out of three businesses in Canada suffer from a cash shortage. Cash advance in Canada can play a major role in sustaining the small businesses which rarely get proper business loans from the banks.merchant cash advance in Canada

What Was in the Study?

The online study on small business cash flow report was conducted by Wakefield Research. The research has been conducted among 500 small businesses which have 0-100 employees. The study has elaborated that cash flow worries have made at least 67 percent small business owners insomniac even if their businesses never actually faced cash flow deficit. The small businesses carry on with cash cushion so thin which threatens them to become out of business in every few months. The most convenient way the small businesses can keep their cash flow is by taking the help of cash advance in Canada.

Pros of Taking the Cash Advances

The cash advances provide the required cash to the small businesses which they can use to expand their business or invest in the required fields. Check out the following points to get to know more about the merchant cash advances.

cash advances

Available to Businesses Which Have Bad Credit

Have you ever gone to a bank to seek a loan?

If you have, then you understand the importance of a good credit report for the required loans. The problem for the small businesses is that they have just started their journey and does not have the time to gather good credits. The banks, simply for this reason, can refute an application for a loan. Cash advance in Canada plays an important role in this situation. It looks forward to the sales that are going to take place in the future. Thus, it provides cash to small businesses with sharp futures without looking at their credit scores.

Easier to Get the Approval for the Loan

The underlying criteria of the merchant cash advances are so simple that any small business that is in the nascent stage can fulfill them. If only your business has suffered bankruptcy, then it will be difficult to secure a cash advance in Canada. If the age of the business is less than 6 months, the merchant cash advances might not get approved.

cash advance in Canada

Receive Cash Fast

The application process of cash advances is very fast. Therefore, it is not surprising that the business owners get the cash faster than any other loans. In some cases, the cash can be transferred even in 24-48 hours after the application procedure is over.

There is No Interest

You have to understand that merchant advance is not a loan. Thus, no interest is imposed on small businesses. Yes, you have to pay the factor rate, but it is not interesting. In simple words, the money that you have borrowed is the money you owed at the end of the day.

Like any other financial advances, cash advance in Canada has also some cons. The pros outweigh the cons in so many ways that merchant cash advances are becoming one of the most favored ways to borrow money. However, you should talk to an expert to know all the avenues before making a final decision.