The majority of people now rely solely on digital assets, despite the fact that online banking has made the management of one’s finances easier than it has ever been.
People who are interested in purchasing a tangible asset that keeps its value over time often choose to put their money into precious metals as an investment.
Gold and silver, in particular, have a tendency to keep their value, even when the stock market is experiencing significant financial fluctuations.
In addition, they perform admirably during periods of inflation and political unpredictability. The value of precious metals is only going to continue to rise in the face of significant volatility in traditional stock markets caused by these external factors.
You can buy stocks in gold and silver that are traded daily just like any other stock if you are an investor who prefers a hands-off approach. These stocks are traded on the same exchanges. However, the majority of people favor keeping their precious metals in a physical storage location.
Buying physical gold and silver, despite the fact that it’s a relatively illiquid investment, is commonly considered a long-term investment, and it’s certainly a good choice if you’re concerned about inflation or the future of paper currency.
Best Places to Buy Gold and Silver Online
An increasing number of investors are looking to precious metals as a means of diversifying their investment portfolios as a result of the increased volatility of the stock market and the political unpredictability. Gold in particular has, throughout history, been able to keep its value, even in the midst of significant fluctuations in the stock market, and it has demonstrated that it is an effective hedge against inflation.
The ownership of actual gold, as opposed to gold receipts, gold mining stocks, or gold exchange-traded funds (ETFs), is frequently favoured by long-term investors. It has never been simpler to buy high-quality gold in its physical form, have it shipped to your house, or keep it in a safe deposit box thanks to the proliferation of online gold dealers in recent years. On the other hand, there are some reports of counterfeit metal coins or fake gold being sold online. Because of this, you need to make sure that you are purchasing from a dealer who has a long history and a good reputation in the industry.
Both eBay and Craigslist are wonderful places to begin your search. However, unless you are absolutely certain that the seller you are doing business with is a reputable one, you should probably look into other websites that concentrate solely on selling precious metals.
To assist you in finding the most reputable store from which to buy gold and silver, we have compiled a list of the most reputable online gold dealers and provided reviews of each one.
Money Metals Exchange
Since its inception in 2010, Money Metals Exchange has amassed a clientele of more than 250,000 customers in a very short amount of time. Money Metals Exchange is our pick for the best overall online gold dealer because of its customer-centric focus, which has translated into highly competitive pricing, personalised service, a pathway for new investors, and one of the best reputations online.
Its website provides customers with an intuitive interface for shopping for coins and bullion according to category and weight. An automatic monthly savings plan that starts at $100 per month is an excellent way for beginning investors to get their feet wet in the gold investing market. On their website, they advertise the price of a 1 oz Gold American Eagle Coin to be as low as $105 more than the spot price.
Money Metals freezes the price of your order for ten minutes, giving you time to enter all of your information and choose a method of payment. You have the option of paying with a bank wire transfer, bitcoin, a credit or debit card, a money order, PayPal, or a check. Orders paid for with PayPal and credit cards are subject to a processing fee of 4%. There is not one single maximum purchase amount that applies to all payment methods. There is a maximum limit of $1,700 for card purchases, $3,000 for PayPal transactions, and $3,000 for ACH transactions. The limits for other methods are significantly higher.
Free delivery is included with any order that exceeds $500, which, when compared to the price of gold, is not an especially high threshold. The shipping cost is $7.97 for any orders that are less than $500. Money Metals has a return policy that lasts for three days and may charge a restocking fee of up to 5% on credit card purchases. The dealer also provides a buyback programme and asserts that it will pay the highest price compared to its rivals in this market.
Vault storage can be found at Money Metals’ locations in Delaware and Massachusetts, which are both Class 3 vaults. Your metals are completely separated from one another and fully insured at all times. During business hours, they also offer responsive customer service that can be reached via live chat, phone, or email. Additionally, the website provides access to a sizable library of resources, which can assist both novice and seasoned investors in expanding their knowledge of the market.
Money Metals Exchange, also known as MoneyMetals.com, has been recognised with a number of awards, including Investopedia’s distinction as “Best Overall Gold Dealer.”
They have also completed transactions totaling over 2 billion dollars. The Better Business Bureau has given Money Metals Exchange an A+ rating. They demonstrate a deep dedication to providing excellent customer service by providing online support around the clock.
The following are examples of products: gold, silver, rhodium, palladium, and platinum. You could also put your money into a self-directed IRA for precious metals.
You should consider saving Money Metals Exchange to your bookmarks because the site frequently makes available attractive discounts and special offers.
Silver Gold Bull
Silver Gold Bull provides a comprehensive set of services for the convenience of their clients. In addition to making purchases and sales through the website of the company, you also have the option of storing your tangible assets in the company’s safe facilities.
An additional useful feature is an automated spot alert, which provides you with up-to-the-minute data on where prices are throughout the day and allows you to buy when they reach your target price.
In addition, the sales team at Silver Gold Bull is comprised entirely of seasoned veterans, which means that the people who will respond to your questions are extremely knowledgeable about the subject matter.
Online and via phone, the business offers a comprehensive selection of precious metals and collectibles, including gold, silver, platinum, palladium, and copper.
Gainesville Coins
Over the course of more than ten years, Gainesville Coins has maintained a level of customer satisfaction that has earned them an A+ rating from the Better Business Bureau. In point of fact, the organisation has been recognised by the National Inflation Association as deserving of the highest possible rating of five stars, making it the only bullion dealer to achieve this level of excellence.
On the website of Gainesville Coins, you will find an extensive inventory of precious metals such as gold, silver, and platinum, in addition to other metals such as copper, palladium, and rhodium.
Additionally, the company trades in gold from before the year 1933 and features a sizeable clearance section packed with limited-time offers. In addition, you can calculate the cost of shipping based on the items that you have placed in your shopping cart in addition to your zip code, and only residents of Florida are required to pay sales tax on their purchases. One of the most advantageous locations to purchase gold online is Gainesville.
Golden State Mint
When you make a purchase from the Golden State Mint, you are making the transaction directly with the producer. They have been in business for over 40 years and personally inspect each and every coin, bar, and round before they send them out for delivery.
You don’t want anything that’s been used before, do you? No worries. Nothing that they are selling has ever been available to the general public. They are also able to assist you in setting up an individual retirement account (IRA) to hold your physical gold and silver. The Golden State Mint offers a wide variety of products that are compliant with all of the IRS regulations.
Goldco
Goldco was established in 2006, and they quickly became well-known for providing IRAs that invest in precious metals. The operation of these IRAs is very similar to that of traditional IRAs; however, rather than investing in stocks and mutual funds, you invest in precious metals such as gold and silver.
The regulations of the IRS state that you can begin making withdrawals from your precious metals IRA without incurring any penalties once you reach the age of 59 12. Even though gold and silver are thought to be secure investments, the value of your holdings will be subject to market fluctuations.
If you are interested in pursuing this option, the first thing you will need to do is open an individual retirement account (IRA). After that, you will have to make a purchase from Goldco in order to fund the account.
The opening of an individual retirement account (IRA) with Goldco requires a purchase order of at least $25,000 minimum. You should also prepare yourself to pay annual fees for account maintenance and storage of your data.
APMEX (American Precious Metals Exchange)
Because of the enormous volume of business that it conducts each day, APMEX, which is one of the largest online dealers in the world, is able to offer significant discounts to its customers. Not only are you able to purchase gold, silver, and other metals, but you can also sell or trade any of the metals you already possess.
The selection is enormous and includes old banknotes, coins from other countries, rare precious metals, historic gold coins, coins considered to be of “elite” status, and major precious metals. In addition to that, it features a sizable collectibles section that is stocked with unusual coins and currency from all over the world.
Provident Metals
What began as a business centred on precious metals trade shows has grown into one of the most successful and well-known online bullion dealers in the world.
Provident Metals is a member of many reputable industry organisations, such as the American Numismatic Association, the Numismatic Guaranty Corporation, and the Professional Coin Grading Service.
Gold, silver, copper, platinum, and palladium are just some of the precious metals represented in Provident’s extensive collection of precious metals. Coins from the United States and other countries, wholesale products, and IRA bullion products are some of the other types of precious metals purchases that can be made at Provident Metals.
You are going to value the careful service and prompt delivery that the company provides. If you spend $99 or more, shipping is on the house; otherwise, you’ll be charged just $5.95 for the privilege.
Scottsdale Mint
The Scottsdale Mint, formerly known as Scottsdale Silver, specialises in gold and silver while also providing each of these metals in a variety of collectible series. Both kinds of metal can be purchased from them in the form of coins, bullion bars, and rounds, with an emphasis placed on the artistic minting of the coins.
Recent popular collectible sets include, for instance, a Godfather set featuring images from the iconic movie franchise and a Vikings series featuring characters from the popular television show.
You are required to make a purchase of at least $500 before you can be eligible for free shipping with insurance. This may seem steep in comparison to some other companies that provide free shipping at $99, but a large part of the appeal of Scottsdale Mint comes from the innovative minting process that the company utilizes.
JM Bullion
When you spend $199 or more at JM Bullion, your shipping is on the house. They provide door-to-door delivery of physical bullion purchases, including gold, silver, platinum, and other precious metals. They check each item in the inventory to ensure that only high-quality products are sold, and they accept a wide variety of payment methods (Visa, MasterCard, PayPal, PayPal Credit, bank wires, paper checks, and bitcoin).
JM Bullion has earned full accreditation at the state and federal levels, and they also provide dependable customer service that can be reached by phone or through their online chat feature, which is available around the clock. If you register for their email, you will receive information about special discounts and offers in the mail.
Kitco Kitco carries a wide variety of precious metals, including gold, silver, palladium, platinum, and rhodium, amongst others.
Additionally, the website offers a plethora of data and news articles that can assist you in making decisions regarding your portfolio. You can even download apps for your smartphone that provide news about gold, market updates, and calculations of the value of scrap gold.
GoldSilver.com
GoldSilver only sells gold and silver products, as the name of the company suggests, including jewellery, coins, and bars of gold and silver. In addition to that, they sell products such as vaults and containers for storing things. You can also create an account on the website so that you can sell back any gold bullion, gold coins, or silver bars that you have.
Any order that is less than $500 is subject to a shipping charge of $25 flat rate. Aside from that, the costs of shipping, handling, and insurance are on the seller. GoldSilver accepts PayPal as a payment method in addition to the more conventional payment options.
Silver.com
You shouldn’t let the name fool you. Silver.com may be the best place to purchase silver online; however, in addition to selling silver, they also sell a variety of gold, platinum, and copper products. You can purchase gold coins, gold bullion, silver coins, silver bars, and other types of precious metals and collectibles from private domestic and foreign mints in addition to government mints.
Although the minimum order amount required to qualify for free shipping is quite high at $3,000, the company’s tiered flat rate shipping fees are fair. Shipping and insurance for orders up to $299 that are less than $5 will only cost $4.95. Only $9.95 is charged for the highest level of orders, which range from $1,000 to $2,999.
SD Bullion Silver, gold, platinum, and copper make up the core product line at SD Bullion. These precious metals are available in the form of coins, bars, and rounds sourced from all over the world.
Additionally, they sell lead bullion in the form of ammunition in addition to vaults, food for survival, and herbal medicine. In addition, SD Bullion provides its customers with weekly deals and is running a promotion in which the shipping cost for any order is currently just $7.77.
The State of Texas’s Precious Metals
One of the many distinctive features that can be utilised at Texas Precious Metals is the opportunity to register for limit orders. For instance, if the price of gold or silver reaches a certain threshold that you specify, a standing order can be automatically placed.
After receiving payment, all orders are processed and shipped out within three business days, and shipping is always free using UPS Next Day Air. A curated selection of gold coins, gold bars, silver coins, silver bars, and pre-1933 gold are all available for purchase on this website.
Coins shaped like Golden Eagles
Investors in gold and silver as well as collectors can find what they’re looking for at Golden Eagle Coins. You only need to take a quick glance at their website to realise why this is the case: they have a very large inventory.
Because the prices are determined by the commodities exchange, they change on an instant-by-instance basis; therefore, their website is an excellent resource to visit if you are researching the best time to make a purchase.
When you spend $99 or more, your shipping is on the house. In addition, make it a point to look at their blog at least once every two months for information on new products and discounts.
Gold Dealer
Gold Dealer, which has been featured on CNN, CNBC, and PBS, provides a free newsletter that is written by Ken Edwards and Richard Schwary, two of the most knowledgeable people in the industry.
They maintain a physical office in close proximity to LAX airport. On the other hand, if you don’t feel like making the trip to Los Angeles, their website has everything a customer of a reputable online gold dealer would anticipate finding there.
They are able to provide such low prices in addition to free and insured shipping on all orders. This is made possible due to the fact that over the years, they have reduced their operating expenses whenever and wherever they could. They have never failed to give their customers a share of the savings they’ve made.
The Preeminent Leader in Precious Metals
Monarch Precious Metals is a relatively new company that was founded in 2008 in response to the overwhelming demand for gold bullion from the general public. Because they only work with high-quality metals, you can rest assured that anything you purchase from them will be. 999+ fine.
Every single bar that is shipped out is subjected to three separate weight checks. In the event that it ever weighs less than expected, they remelt it. If it is ever found to be overweight, you will still benefit because they will always allow it to pass and ship it regardless of its condition.
Their metals have a one-of-a-kind, traditional appearance because everything is hand-poured to order and marked in the traditional manner. They do not accept payments through PayPal but accept all other methods, and they insure each and every order.
CMI: Gold & Silver
CMI is an A+ Accredited Business that can be found in the city of Phoenix, in the state of Arizona. On the other hand, CMI will buy and sell precious metals to investors all over the United States through their online platform.
It is the responsibility of the company’s president, Bill Haynes, to inform the general public about the potential risks and advantages associated with investing in gold and silver products.
Because he regularly provides updates on all of the global factors affecting the prices of metals on his blog for his audience, it is an excellent resource when deciding whether or not to make a purchase.
If you are serious about investing, you should make CMI one of the websites you visit on a regular basis because it offers stable prices, individual retirement accounts (IRAs), and a wealth of educational content to read.
Buy Gold and Silver Coins, or BGASC for short.
It is not difficult to understand why BGASC has been given an A+ rating by the Better Business Bureau. The company has received thousands of positive reviews from satisfied customers. They always ship your order the following business day, not to mention that they offer free shipping on orders that are at least $99 and that each order is insured while it is being transported.
They are one of the largest coin and bullion dealers in the United States, and they sell almost every variety of coin that has ever been produced in the United States. They also have a sizable inventory of candies and confections from other nations, including those of Canada, Mexico, and China.
The Elements That Make Up Precious Metals
It is critical to have a solid understanding of the various forms that gold and silver can take before making any purchases involving these precious metals. There are advantages and disadvantages to each type. Some people concentrate on the kind that they like the most, while others create a variety of different kinds to mix and match. Determine which investment approach will work best for you before you invest in precious metals.
Silver
First, let’s discuss the precious metal silver. In most cases, you will have the option of purchasing silver in either the form of bullion or junk silver. The term “silver bullion” can refer to silver in the form of a round, bar, coin, or ingot.
Silver Coins
The most popular silver coins you’ll come across are as follows:
- American Silver Eagle
- Canadian Silver Maple Leaf
- British Silver Britannia
- Mexican Silver Libertad
- Austrian Silver Philharmonic
- South African Silver Krugerrand
- Australian Silver Kangaroo
- Chinese Silver Panda
Junk Silver
On the other hand, junk silver refers to any form of outdated United States currency that contains actual silver. The half-quarters, quarters, and dimes of the United States that were minted prior to 1965 are considered junk silver, despite the fact that they are not particularly worthless.
It is possible to purchase junk silver at a price that is lower than the current spot price, which can frequently enable you to begin your investment with a profit.
Rounds of Silver
Silver rounds are pieces of silver that are privately minted and shaped like coins, but they are produced by private mints. Because they are not minted by the government and are not accepted as legal tender, they are not called coins. The American Silver Buffalo is by far the most popular variety of silver round. On the other hand, Scottsdale Mint also manufactures some stunning rounds under the name “Omnia.”
Gold
You can buy gold in a variety of forms, including bars and coins. Each of these forms presents a unique opportunity for investment in precious metals. The purchase of gold coins is the simplest way for gold investors to get their feet wet because it’s possible to get started with just a few purchases made at a low price point.
Gold Coins
The most popular gold coins to buy are as follows:
- American Gold Eagle
- Canadian Gold Maple Leaf
- British Gold Britannia
- British Gold Queen’s Beast
- Mexican Gold Libertad
- Austrian Gold Philharmonic
- South African Gold Krugerrand
- Australian Gold Kangaroo
- Chinese Gold Panda
Rounds of Gold
In a manner analogous to that of silver rounds, the American Gold Buffalo is the most popular.
If you are looking to stockpile precious metals as a hedge against inflation or to use as currency in the event of a potential crisis, you will discover that coins of any type, including gold and silver, will be easier to barter with than bars.
If you choose to purchase bars, you can get them in a variety of sizes to accommodate your storage needs or financial constraints. For instance, you can buy gold bars ranging from 1 ounce to 10 ounces or silver bars of up to 100 ounces. If you want to begin with a less substantial amount, you can even find bars that are just a fraction of an ounce in size.
When you buy larger bars, you are eligible for discounts on the premiums, which is one of the most significant benefits of utilising this strategy. If you are able to make such a substantial initial investment, you will get a better return on your money, despite the fact that it might be more difficult to dispose of them when the time comes.
Copper
Even though silver and gold are the most sought after precious metals, there are plenty of other options to take into consideration. Copper, for instance, can be purchased in the form of coins, rounds, and bars, and it is not prohibitively expensive for new investors.
Because of the expanding demand in our economy and the decreasing supply, many industry professionals are of the opinion that it is an excellent opportunity for investment.
Platinum and palladium respectively
Platinum is widely considered to be the most valuable of all metals. It is fifteen times more scarce than gold, and its value is higher than that of gold. Coins minted in the United States, Canada, or Australia are the most common form of platinum currency that can be purchased.
The properties of palladium are comparable to those of platinum, and it is actually thirty times rarer than gold. Due to the extreme rarity of these metals, there are not many people who invest in them. On the other hand, an increasing number of investors are including them in their portfolios; therefore, it is something you might want to think about doing as well.
Gold and Silver: Frequently Asked Questions
What is the best website to buy gold and silver?
We have provided a list above of the most reliable online retailers where you can purchase gold and silver. On the other hand, it is dependent on the types of gold and silver that you wish to purchase. It is also dependent on what you regard as the most advantageous. Are you interested in purchasing gold and silver at the most competitive prices? Which option is superior? Or possibly the most effective shipping policy?
No matter what it is that you are looking for, it is always a good idea to check out at least some of the gold dealers that we have listed above and to compare the prices, selection, and shipping policies of a number of different websites.
How can I purchase gold and silver at the lowest possible price?
The most cost-effective way to acquire gold and silver is through the purchase of gold and silver bars. Because they are easier and more cost-effective to produce than gold or silver coins, bars typically have premiums that are lower than spot prices.
Buying gold and silver in large quantities almost always results in cost savings. When you buy a certain amount of gold at once, the majority of online gold dealers will reduce the premium that they charge per ounce.
Is it risky to purchase precious metals like gold and silver online?
The purchase of precious metals through the internet is just as risk-free as making any other transaction through the internet. Additionally, it is just as safe to buy something from an online retailer as it is to buy something from a physical store. Buying gold and silver from a gold dealer who has a good reputation is essential.
Which is a better investment, buying gold coins or gold bars?
In response to this question, there is neither a correct nor an incorrect answer. It is dependent on the circumstances, the requirements, the preferences, and the available funds in your household. When it comes time to sell your gold, you will most likely get a better value for gold coins, even though it is more common practice to purchase gold in the form of bars because of the lower upfront cost.
When it comes time to sell, having smaller quantities of gold and silver in the form of coins and bars gives you more options. When you own gold and silver in smaller units, you have the ability to sell only a portion of your precious metals holdings rather than having to liquidate your entire portfolio.
How much gold and silver do you recommend I have in my possession?
The investment community generally advises allocating between 5 and 25 percent of one’s net worth to precious metals. However, this is dependent on your goals, the circumstances you find yourself in, and how willing you are to take risks. As long as you are aware of the reason behind your investment, precious metals can be a very beneficial addition to your portfolio.