Gold has a long history of being a popular choice for the purpose of wealth storage. Gold keeps its purchasing power over the long term because it has an infinite shelf life (gold cannot be destroyed) and a limited, predictable supply (almost all of the gold produced throughout history is still in circulation, and gold mines only add 1% to 2% of the total stock to the stock market every year). Adding gold transactions to your investment portfolio is a fantastic way to increase its value.
During times of economic instability, investors typically view gold as a safe haven due to the factors mentioned above. Consider the year 2022, when the price of gold skyrocketed to as high as 40 percent in the six months following the Federal Reserve’s emergency rate cuts. These cuts were made in an effort to contain the economic fallout caused by the coronavirus.
Even though it’s not quite as secure as gold, silver is also considered a safe investment option. In contrast to gold, silver is utilised in a wide variety of industries, including the production of semiconductors, solar panels, and medical devices. As a result, the supply of silver that is suitable for investment is severely constrained. As a direct consequence of this, the value of silver is subject to more dramatic swings than that of gold. To phrase it another way, silver is associated with a greater potential for both loss and gain.
There are a few different approaches you can take if you are considering making an investment in precious metals like gold and silver. You have the option of buying shares of mining companies that produce gold and/or silver, buying shares of an exchange-traded fund (ETF) that tracks the price of gold or silver, or buying actual gold or silver in the form of bars or coins (known as bullion). This article’s goal is to direct you to the website that offers the best deals on gold and silver purchases made online.
People decide to purchase gold for a wide variety of different reasons. While the majority of people purchase it because they believe it to be a “safe haven” asset, or a way to hedge against inflation or economic uncertainty, others do so simply because of its prestige. No matter what your reasons are, it is critical to make sure that you are getting the best deal that is available.
Goldco is one of the gold distributors that is most well-known for offering precious-metals IRAs to customers as a means of safeguarding their retirement savings. The company was founded in 2006. Aside from that, it deals in the sale of gold and silver coins and bars, and it can either store them for you or bring them right to your doorstep.
JM Bullion
JM Bullion is a market-leading operator that was established in 2011 and only trades in physical bullion. They collaborate directly with mints and distributors to complete their transactions. You will be in the best position to buy physical gold and other precious metals from anywhere in the world and have them delivered to you within one business day if the business has a rating of A+ from the Better Business Bureau (BBB) and provides outstanding customer service.
JM Bullion is a retailer that was established in Dallas in 2011 and operates solely through the internet. They sell products made of gold and other precious metals. In addition to gold bars, they have a remarkable selection of limited coin mintages and collections available for purchase.
For instance, during our most recent visit to the website, it was selling new Nevada Goldback gold notes, silver bullion with a Halloween theme, a one-of-a-kind collection of Australian animals produced by the Perth mint, and a stunning series of silver coins from Canada’s Wild Canada.
In addition, the JM Bullion website features a page that highlights the best weekly deals and even provides users with the opportunity to purchase junk silver coins.
BGASC
Coins and bars made of gold, silver, and platinum are just some of the precious metals that can be purchased from BGASC, which is also known for being one of the most trustworthy gold dealers. If you are looking to buy precious metals in larger quantities, this is a good option for you because it offers free shipping on orders that are over $5,000 and reasonable prices.
Money Metals Exchange
One of the most reliable locations to purchase gold is Money Metals Exchange, which has been in business for 12 years, has an impeccable reputation, and has earned an A+ rating from the Better Business Bureau. The exchange provides a wide selection of metals, such as silver, platinum, and palladium, at competitive prices. In addition, there are no hidden fees or minimum purchase requirements associated with using the exchange’s services.
Money Metals Exchange is a private gold and other precious metals dealer that was established in 2010. The company is experiencing rapid expansion. If you are looking to buy gold online but are only interested in making modest investments, this is the best place to do so. This is all because of its monthly gold/silver savings plan, which allows you to automatically purchase a small amount of gold and silver for as little as $100 per month.
The plan is responsible for all of this success. You can have the gold bullion and silver delivered to you directly by Money Metals, or you can choose to store your metals at the company’s secure depository.
APMEX
APMEX has over 1.3 million customers and offers more than 40,000 products, such as coins, bars or rounds, bullion, and products that are either semi-numismatic or numismatic. APMEX is the best place to purchase silver and gold, in addition to palladium and platinum, because there is no minimum order requirement for domestic orders.
APMEX is one of the world’s largest online retailers of precious metals, with more than $11 billion in transactions since the company’s founding in the year 2000. The company’s headquarters are located in Oklahoma City. It caters to a diverse group of customers, from individual collectors to institutional investors and retail wholesalers.
APMEX allows customers to pay with a variety of different methods, including credit cards, debit cards, PayPal, bank wires, and even cryptocurrency such as Bitcoin. In addition to that, it offers free shipping on all orders that are over $99. As was mentioned earlier, this is the best deal available.
You can buy gold and silver bars in a variety of sizes and weights from SD Bullion, which also offers free shipping on orders that are more than $99 and prices that are lower than those of most of its competitors. Since it first opened its doors in 2011, this rapidly expanding dealer has amassed more than 250,000 clients in a short period of time.
SD Bullion was established in Ottawa Lake, Michigan in 2011 and has since achieved sales of more than one billion dollars. The company has also been included on the list of the 500 Fastest Growing Companies in the United States by Inc. magazine on two separate occasions. The most generous shipping policy among the best websites where you can buy precious metals online is offered by this retailer. Free shipping is provided on all orders that exceed $99. Additionally, it provides safe shipping options for international orders.
Golden Eagle Coins
Golden Eagle Coins is a tried and true company that was established in 1974. They offer gold, silver bullion, platinum, palladium, rhodium, and copper at prices that are competitive in the market. In addition to selling goods online, over the phone, and in a physical retail showroom, the dealer provides free shipping on all orders that exceed $99.
Birch Gold Group
Birch Gold Group instructs its customers on how to buy and store precious metals, and the company is best known for the quality of its customer service as well as the educational resources it provides. It provides customers with access to a comprehensive selection of gold, silver, palladium, and platinum products, in addition to IRAs for precious metals.
Birch Gold Group, with headquarters in Burbank, was established in 2003 and has since grown to become one of the most successful precious metals dealers in the United States. Customers of Birch Gold Group receive personalised care, and the company also makes an effort to educate and empower its clients. You will be provided with a specialist who is tasked with addressing any and all queries you may have.
Coins, rare coins, bars, and even Valcambi CombiBars are all part of the inventory that Birch Gold Group carries in the precious metals categories of gold, silver, platinum, and palladium (which have more flexible resale options). You can also filter the products so that only those that qualify for an IRA are shown. After you have made your purchase, you will have access to a number of storage and insurance plan options to select from.
Silver gold Bull
Silver Gold Bull is a BBB-accredited business with an A+ rating and can be found in Las Vegas. It is possible to purchase a wide variety of gold and other precious metals in the form of bars and coins, in addition to other collectibles and jewellery, on the website of the company. According to the terms of their best price guarantee policy, you will consistently receive the most affordable rates.
In addition to buying things from the website, you can also sell things to Silver Gold Bull for prices that are comparable to the going market rate. Silver Gold Bull provides free shipping on all orders that are more than $199.00, and your precious metals will be delivered to your door fully insured and in a timely manner. You also have the option of using the storage services offered by their Silver and Gold Depository.
Why Buy Gold?
There is a diverse range of investments, each offering a unique rate of return. Because of the recent frenzy surrounding NFTs and cryptocurrencies, as well as the emergence of banks that are friendly toward cryptocurrency transactions, it may be easy to forget about more conventional investments, such as gold.
Many investors have found the current market conditions and the volatility of cryptocurrencies to be challenging, but gold’s value has held up remarkably well despite these factors. Because individuals are looking to store their money in secure commodities at the moment, silver and gold dealers have been seeing a significant uptick in business as a result. But what is it about gold that makes it so valuable?
Gold has a long history of use as a currency, as well as in jewelry and other forms of decorative items. It is of the utmost importance to a great number of cultures and religions all over the world. Gold is plentiful enough to be used in the production of coins, but it is also scarce enough to be used only in limited circumstances. In addition, gold does not corrode, making it possible to store it for an infinite amount of time.
Considering the current state of the economy, the purchase of gold coins is seen as a hedge against inflation and other forms of economic unrest by some individuals. As a result of central banks printing more money, the value of each individual unit of currency will eventually decrease. As a result of this drop in value, many people are investing their money in gold in order to protect their wealth.
Gold is also considered to be a useful tool for diversification. Gold prices are known to rise in response to falling stock prices (and vice versa). Investors can help protect their portfolios from the effects of market volatility by purchasing gold.
How to Buy Gold
Before you begin purchasing gold, there are a few things you need to be aware of first. To begin, you have to make a decision regarding the type of gold that you want: Gold can be purchased in a variety of forms, the most common of which are rounds, bars, and coins (such as the Canadian Maple Leaf and the American Gold Eagle).
The next step is to choose a location to purchase your gold from. It is available for purchase at a wide variety of locations, some of which are listed here: online gold sellers, precious-metals dealers, pawnshops, and auction houses. Check the product’s purity, manufacturer, insurance, and storage conditions before beginning your price comparisons. After you have determined the form and location of your transaction, you will be able to shop around for the best deal.
It is essential to keep in mind that you are purchasing a physical asset when you buy gold, as this is what you are doing. Once you’ve completed the transaction, you’ll need to take possession of the gold, which means you’ll need a safe place to store it. Additionally, you shouldn’t forget to insure the gold against the possibility of it being lost or stolen. As you can see, trading in commodities like gold can be a costly endeavour; however, if you do your homework and take the appropriate safety measures, it can be a risk-free and lucrative business.
Best Spots for Buying Gold
We’ve compiled a list of the best online gold dealers to help you get started.
Money Metals Exchange
Since its inception in 2010, Money Metals Exchange has grown to become one of the most reliable locations from which customers can purchase gold online. It boasts an excellent A+ rating from the Better Business Bureau and guarantees both quick and secure delivery of your package.
PThe dealer has a wide selection of precious metals available for purchase, including gold, silver, platinum, palladium, rhodium, and copper, in the form of coins, rounds, bars, and many other products. In addition, it provides individual retirement accounts (IRAs) for precious metals, which helps customers safeguard their savings for retirement.
You can buy gold coins from all over the world at Money Metals, including Chinese Golden Pandas as well as British, Canadian, and Australian coins. You can also purchase rounds and bars from a variety of mints at prices that are comparable to one another.
Money Metals Exchange is possibly one of the best gold coin dealers because it enables customers to buy 1/10 of an ounce of gold and have it kept in vaults at the company’s depository in Massachusetts. This eliminates the need for customers to deal with the hassle and expense of shipping their gold.
Another area of expertise is the sale of rare coins from before 1933, such as $20 Liberty Gold Coins and St. Gaudens. The purchase of any precious metal can be accomplished through either the delivery of the item itself, secure storage, or a savings plan.
You can purchase gold and silver through this dealer by enrolling in gold and silver plans, committing to a monthly investment of at least one hundred dollars, and securing lower metal prices.
The following forms of payment are accepted by MMX: bank wire transfers, bitcoin, credit or debit cards, money orders, PayPal, and paper checks. Because there is no required minimum amount of gold to buy here, it is possible that this is the best place to buy gold in terms of fees. If you spend more than $500, shipping is on the house, but if you spend less than that, you’ll have to pay $7.97 for the privilege.
The minimum annual storage fee is $96 and goes up from there depending on the total value of your order. Within the first three days after receiving your order, you have the option to return it for a refund; however, a restocking fee of up to 5% may be assessed. In the event that you change your mind about selling your gold in the future, MMX offers the lowest buyback fees available on the market.
APMEX
APMEX is an additional reputable dealer that carries gold coins, bars, and rounds (American Precious Metals Exchange). APMEX is the best place to buy gold bullion, along with other precious metals such as silver, palladium, and platinum, due to the fact that the company has been in business for more than 20 years, it has an extensive inventory, and the prices are very competitive. In addition, the dealer has a customer base that exceeds 1.3 million people and has received an A+ rating from the Better Business Bureau.
In addition to recently minted coins and coins that were minted prior to 1933, such as ancient and mediaeval coins, APMEX provides customers with a vast selection of bars and rounds from a variety of mints, which can be sorted according to weight or brand. For customers looking for a good deal, APMEX provides a “Deals” section on their website in addition to selling IRA-approved gold and jewellery. It is important to keep in mind that there is no minimum on orders placed within the country, which is a significant benefit.
If you are interested in purchasing gold bars from APMEX, one of the available options is to purchase storage, with prices beginning at $180 per year for the storage of products with a maximum value of $250,000. Orders with a total price of less than $199 will be subject to a shipping fee of $9.95 per order, while orders with a price of $199 or more will receive free delivery of their gold. If you decide to cancel your order, you’ll have to pay a $35 cancellation fee.
APMEX has the widest variety of payment options available, including a number of cryptocurrencies (including Bitcoin, Bitcoin Cash, Ethereum, and Dogecoin) and five stablecoins that are pegged to the US Dollar (including GUSD, USDC, PAX, and BUSD). In addition to paying with a credit card, debit card, check, e-check, bank wire, or PayPal, you also have other payment options.
JM Bullion
JM Bullion is a relatively new precious metals dealer, but it has swiftly established itself as one of the leading online marketplaces for the purchase of gold. In addition to gold, you will be able to purchase a wide variety of other precious metals at JM Bullion, including silver, platinum, palladium, and copper, amongst many others. This platform only deals in physical bullion and can deliver gold and silver coins and bars directly to the customer’s front door.
Even though it might sound like its resources are a little bit limited, JM Bullion offers a variety of gold coins, both from the US and from foreign mints, such as American Gold Eagles, Canadian Gold Maple Leafs, South African Gold Krugerrands, as well as other gold coins. You can also find a substantial amount of gold bars, such as the well-known Credit Suisse and PAMP Suisse bars. You can choose to invest in one of gold’s IRAs if you have made the decision to safeguard and expand your wealth by purchasing physical gold.
JM Bullion is the right place to go if you’ve been wondering how to buy physical gold but don’t want it stored anywhere else besides your own home. However, you should budget for the cost of shipping. Orders with a total value of $199 or more receive free shipping, while those with a lower value pay $7.99 for standard shipping. Every single shipment is covered by insurance.
You can also use a storage service that is provided by a third party. JM Bullion works with TDS Vaults to provide storage for the precious metals of its customers in the United States. When they spend more than $3,000, all new customers of JM Bullion will receive free storage for a period of six months.
The following forms of payment are accepted by JM Bullion: Visa, MasterCard, American Express, Discover, PayPal, PayPal Credit, bank wires, checks, ACH, Bitcoin, Bitcoin Cash, Dogecoin, and Ethereum, as well as four stablecoins pegged to the USD (GUSD, USDC, PAX, and BUSD).
SD Bullion is one of the gold dealers found online that has the fastest growth rate. The company was established in 2011. Gold, silver, platinum, palladium, and copper can all be purchased at prices that are competitive in the market. Along with some products that are eligible for IRAs, it also offers a collection of gold coins and bars, some of which date back to before 1933.
When you buy gold from SD Bullion, you have the option of choosing either storage or physical delivery of the precious metal. You could pay as little as $9.99 per month for storage, depending on the monthly closing price of gold at the spot market and the total weight of your gold.
It is the best place to buy gold and silver bars and coins, especially if you are looking for a bargain because the dealer guarantees the lowest prices on the market and promises to match lower prices if you find them. This makes it the best place to buy gold and silver. If you opt for traditional delivery, you can get your order shipped for free if it is more than $199, or you can pay a flat fee of $9.95 for any order that is less than that amount.
Bank wire transfers, personal and cashier checks (personal, cashier), e-checks, postal money orders, credit and debit cards, PayPal, and Bitcoin are the payment methods that are accepted by SD Bullion.
BGASC
BGASC, which stands for “Buying Gold and Silver Coins,” is a dealer in precious metals with a concentration on coins, as the company’s name suggests. It was established in 2012 and has its headquarters in the state of California.
This reputable business provides customers with a selection of gold, silver, and platinum coins, bars, rounds, and other products, including precious metals individual retirement accounts (IRAs).
In addition to coins made in the United States, it carries an extensive inventory of coins minted in other countries, such as China, Mexico, Canada, and others.
As a result of its superior customer service in addition to its lightning-fast and fully insured shipping within one business day, BGASC is the best place to buy gold and silver online. The shipping is free for orders that exceed $5,000, which is a high threshold, but it costs $9.95 for orders that do not meet the threshold.
The fact that BGASC does not provide storage services is the most significant disadvantage of working with them. If you want to make sure that your gold is kept in a secure location, you will have to look elsewhere for a storage solution.
A wire transfer from your bank, a credit or debit card, PayPal, or a check are the only acceptable methods of payment when purchasing products from this company.
BGASC has a return policy that allows you to return your order within three days, but there is a restocking fee of 5% on orders paid for with PayPal or a credit card, and there is also the possibility of a market-loss fee.
Golden Eagle Coins
If you are interested in purchasing gold from a reliable and trustworthy company that has a spotless reputation and has been in business for almost half a century, Golden Eagle Coins is the best place to go. Gold, silver, platinum, palladium, rhodium, and copper are just some of the precious metals that can be purchased from the dealer.
The coin dealer is well-known for having an extensive collection of coins, including well-known varieties such as Canadian Maple Leafs, American Eagles, and South African Krugerrands. In addition to that, it sells collectible and numismatic coins, coins that were minted before 1933, commemoratives, mint sets, foreign coins, and a great deal more.
Its gold bar offer is somewhat limited in comparison to that of other top gold dealers; however, it does offer a decent selection of bars from Perth Mint and PAMP Suisse, with sizes ranging from 1 gramme to 10 ounces each.
Golden Eagle Coins is one of the few online gold dealers that provides free shipping through the United States Postal Service on orders that are greater than $99. If your order total is lower than that, there will be a shipping charge of $9.95 added to it. You have the option to upgrade to either Priority Mail or Express Mail for an additional fee of $14.95 or $24.95, respectively.
The primary disadvantage of Golden Eagle Coins is that it does not offer storage services, so you will need to make arrangements with a third party if you want to keep your gold in a secure location that is not your home.
The dealer accepts all of the standard methods of payment, including wire transfers from banks, cashier’s checks, personal checks, money orders, credit cards, and PayPal. There is a maximum purchase requirement of $1,000 for credit cards, and there is a maximum purchase requirement of $2,500 for bank wire transfers, etc. Additionally, a 4% convenience fee will be added to the cost of the product if you choose to pay with PayPal or a credit card.
If you ask around about where the best place is to purchase gold, you won’t hear many people recommend Goldco at first. Goldco, on the other hand, is most well-known for the precious metals IRA services it provides. On the other hand, it does provide a variety of other services, which makes it a one-stop shop for all of your requirements concerning precious metals.
You are able to purchase gold and silver coins through Goldco. There is a wide variety of options available, some of which are more conventional, such as the Gold American Eagle and the Gold Maple Leaf, while others are more unusual, such as the Gold Australian Saltwater Crocodile. In terms of bars, the selection is limited but promises to deliver. Gold with a purity of 9999.
Rollovers from retirement accounts, wire transfers, checks, and credit cards are the only payment methods accepted for purchasing commodities, which is a very limited selection in comparison to other providers. Regarding the costs of purchasing gold, the bare minimum amount that must be spent is $15,000. However, if you decide to sell your precious metals, Goldco guarantees that you will receive the highest prices thanks to its Goldco BuyBack Guarantee.
The dealer guarantees free delivery on all orders, which is reasonable taking into account the high amount that must be spent upfront; however, if you choose the storage option, you can only get it for purchases of $25,000 or more, and it will be delivered at no additional cost to you.
Birch Gold Group
Birch Gold Group has been in business since 2003 and currently has over 13,000 satisfied customers. The company is most well-known for its individualized approach to customer service. In addition to a comprehensive selection of gold and silver products, it provides customers with aggressive pricing, a number of different payment methods, and extensive educational resources.
It is possible that Birch Gold Group is the best company from which to purchase gold because of the variety of products it offers, including numismatic and proof coins, IRA-approved precious metals, numismatic coins, and even Valcambi CombiBars, which can be broken down into small increments and therefore have more flexible resale options. The dealer also deals in silver, palladium, and platinum, and he offers customers the opportunity to invest in a self-directed individual retirement account (IRA) for precious metals.
The Birch Gold Group requires a minimum purchase amount of $10,000, and the only acceptable methods of payment are personal checks and bank wire transfers. After your purchase, the item will be sent to you by Birch Gold Group; however, you also have the option of storing it in one of the depositories that Birch Gold Group collaborates with. Even while they are in transit, your goods will be covered by our transit insurance, which amounts to $100,000 per package.
Bottom Line.
Because there are so many options available, it can be challenging to find a legitimate gold dealer when shopping online. You should find it easier to narrow down your choices and select the platform that best suits your needs with the help of our list of the top eight platforms. Prior to making a purchase of gold, it is important to perform price and fee comparisons, investigate the costs of storage and shipping, and think about your insurance coverage options.
Where is the most advantageous place to make a purchase of gold?
It is entirely dependent on the specific requirements and preferences of the individual. Nevertheless, we can narrow it down to a few potential locations, which are as follows: Auction houses, pawnshops, and precious metals dealers all operating their businesses online. Golden Eagle Coins, JM Bullion, and Goldco are among the most reputable precious metals dealers that operate their businesses online.
Where is the most reliable store to purchase gold?
You shouldn’t limit yourself to just asking, “Where can I buy gold bars?” as your only inquiry in this regard. The safety of the gold dealer you choose to purchase gold from is of the utmost importance, and you should make sure to ask about it. Investing in gold from a company that also provides storage services is a recommendation we can make to better safeguard your possessions. Verify that the company has a lengthy history in the industry and check the ratings for how satisfied their customers are. Never make a purchase from a new company.
To answer the question, “What is the best gold to buy,” the answer is “physical gold,” which includes gold coins, gold bars, and gold rounds.
This form of gold is the best product to buy because it offers the most flexibility. It is very simple to sell it for money or trade it in for other things that you need or want. After you have decided whether you would like to buy bullion or another product, the next step is to conduct research to find the best place to purchase gold.