How to Invest in Gold With PayPal

1. Determine the current spot price of gold. The spot price of gold is the current price that gold is trading for in either the London or New York bullion markets. Any website that has commodity prices will carry the current spot price for an ounce of gold.
2. Identify coins to buy. Armed with the current spot price of gold, you can buy coins on online auction houses, through online gold dealers and through bullion exchange companies. The spread is the difference between the buy and sell price. As a general rule dealers will buy coins for less than the current spot price and sell coins for more than the current price. The room in the middle is called the spread.
3. Set up a PayPal account. Setting up a PayPal account involves providing them with a verifiable address, generally through a credit card or bank account. PayPal will also require you to fund your account when you set it up and to provide funds for future transactions.
4. Pay for your gold using PayPal. Using a popular online auction like eBay requires a seller to pay via PayPal. To pay via PayPal, simply enter in the e-mail address of the person you wish to buy from and click 'send.' Purchases on eBay are covered by a warranty as well, and this adds additional protection.