Frequently Asked Questions
Questions About The Precious Metals Market
- Is gold money?
Gold does not create any dividends or create cash flow. Gold is not transacted in high enough frequency to be considered as money. Gold can however, can be be viewed as a insurance policy for your money. A store of value. It has served this purpose for thousands of years and it is safe to think that gold will continue to serve this purpose into countless generations ahead of us.
- Why should I buy the actual precious metal versus futures contracts and/or stocks?
In times of unexpected events and disaster, one of the only things that will retain any value are the actual physical assets, not paper, not NFT’s, not ETF’s but the physical bullion that you can hold in your hand. Everyone should prepare themselves for volatile markets as well as the factors around liquidity in the market.
- Is it better to own Precious Metals or Currencies?
Everyone has paper currencies. Not everyone has actual physical Gold, Silver, Platinum and Palladium. When paper currencies become eroded through the course of time from inflation, a loss in consumer confidence, or even geopolitical events that may question the value of sovereign currencies.
- Are precious metals useful as a Hedge against inflation?
Yes. Precious metals serve as a hedge to your purchasing power during times of inflation. When the currencies of the world are being eroded from inflation, precious metals should serve as a safe haven for your purchasing power.
- How does Bullion compare to Numismatic Coins?
Normally bullion is going to be closer to the intrinsic value of the metal than would a numismatic coin. By definition, numismatic coins have some value attached the coin that is above the value of the raw metal. Think of a 1 ounce gold coin. The market price of the coin minus the spot market value of the one ounce of gold, is equal to the numismatic value of that coin.
Questions About Buying Metals
- What are the uses of Palladium?
Palladium is used in a variety of industries. Because Palladium is softer than platinum and is resistant to oxidation, it is useful in eliminating some emissions from auto engines. The auto industry provides the most demand for Palladium. Palladium is also used in Electronics, Dentistry, Oil Refining, Water Treatment, and Medicine.
- What are the uses of Platinum?
One of the main reasons that Platinum is in such high demand is the wide variety of uses of Platinum. It is estimated that 1/5th of everything we use today has Platinum in it or has a production process that requires the use of Platinum. The two largest uses for Platinum are catalytic converters and fine jewelry. Some future uses for Platinum included the platinum catalysts used in Fuel Cells.
- Is gold useful as a Hedge against deflation?
Yes. Deflation occurs when a country run is unable to keep on conducting bailouts and printing paper money. A deflationary economic environment will usually have a stock market crash and high unemployment numbers. The general price level drops in a deflation. An example of this would be either the Great Depression or the 2008 Market Crash. In both of these economic environments, Gold was very useful as a deflationary hedge. All you have to do is look at the current situation in Greece or Spain to see how citizens of a country run from paper money into Gold during times of crisis.
- Is gold useful as a Hedge against disinflation?
Yes. Disinflation is the gradual decrease in the deflation rate over time. Disinflation is similar to deflation, yet deflation is more of an immediate drop in prices. This may occur is a central bank is not very successful with their stimulus plans. An example of the usefulness of the Hedge would be the price of the American Gold Eagle setting record highs in 2009.
- What is a Troy Ounce?
A troy ounce is a unit of measure that is used to quantify an amount of gold. Historically, one Troy ounce is equal to 0.031103768 kg. In terms of grams this weight is known as 31.1034768 g. The name Troy has ties to the city of Troyes, France
- What is a Precious Metal?
A precious metal is a naturally occurring chemical element that has a high monetary value. Some of the best known precious metals are Gold, Silver, Platinum and Palladium. A metal is deemed to be precious if it is “rare”.
Questions About Orders
- What precious metals do you offer?
Gold, Silver, Platinum, Palladium, Rhodium, Iridium, Ruthenium as well as other metals.
- What is your best selling product?
One of our best selling products is our American Gold Eagle. American Gold Eagles are a great way to get started and/or build your precious metals collection. They make an excellent gift to commemorate a special occasion. Also, gold eagles make a solid addition to your personal collection of gold bullion.
- How long will it take to receive my order?
You should receive your order within 5-7 business days from the shipping date.
- Is my order on this website secure?
Absolutely. Secure is part of our name, Ausecure. We have put significant capital and effort into developing a secure website with advanced internet security systems. Our internet security is just as important to us as the physical security of your precious metals.
- What kind of taxes are associated with a profit on my precious metals purchase?
A general rule of thumb is that there will be taxes on your metals, if you purchase your precious metals and then resell them for a profit. The tax implications are going to be different for each individual, please contact your accountant/advisor for up to date tax advice.
- What forms of payment does AuSecure accept?
Any form of payment that includes Cash, Credit Cards, Personal Checks, Certified Checks, eCheck/ACH, as well as Bank Wires. For more information about the payment options click here.
- Can I arrange a bank wire for my online bank account?
Yes. A bank wire transaction is the way to get your purchase order in quickly and securely. We will communicate wire instructions once your order has been placed. You will need these instructions in order to send payments by wire from your bank to complete your order.
- Can I use a credit card to complete my order?
Yes. Restrictions may apply.
- How much does shipping cost?
Our shipping rates are extremely low and we offer discounts on qualified orders as well. The shipping costs are calculated in Checkout.
- Are you able to arrange storage for my precious metals?
We do offer services on Precious Metals Storage through our partnership at Kingsbaker Depository.
- How to know if you receive my payment?
We will communicate confirmation email when your payment has been received.
- What is your cancellation policy?
Once you have placed your order and received a confirmation number, all order prices are considered to be final. We do understand that there are situations where orders must be cancelled due to an error. If you would like to cancel your order, you must email [email protected] with your order number. We will review your request and notify you with a cancellation confirmation based on our findings. Please note that all cancelation requests are subject approval from Ausecure. Further, If we do not receive the payment and/or your cancellation request was approved you will still be subject to all losses associated with order, including but not limited to losses due to market fluctuation, restocking, and legal and professional fees incurred as a result of non-payment.