Buying gold is a wise investment, as it not only provides you with a hedge against inflation but also helps diversify your portfolio. Despite its timeless appeal, it can be difficult to determine where to buy gold and which sellers offer the best prices.
In this blog post, we’ll take a closer look at the best places to buy gold today. We’ll cover the different places to purchase gold, from dealers to brokerages and more, and share tips on how to find reputable sources. We’ll also discuss where to buy gold online and how to avoid getting scammed.
Whether you’re buying gold to give as a gift, add to your holdings, or just explore the possibilities, this article will help you find the right source to purchase gold from.
Best Overall: Money Metals Exchange
Money Metals Exchange is a precious metals dealer that offers a wide range of gold, silver, platinum, and palladium bullion and coins. They also offer IRA accounts that allow investors to hold physical precious metals within a tax-advantaged retirement account.
Money Metals Exchange is known for offering competitive prices on its products, as well as fast and secure shipping. They also have a price guarantee program that allows customers to lock in their purchase price and receive a refund if the market price of the metal drops within 10 days of purchase.
One of the advantages of using Money Metals Exchange for a precious metals IRA is that they do not charge any setup or annual fees for the account. They also offer a range of storage options for precious metals, including secure vault storage and personal storage options.
JM Bullion – Runner Up
JM Bullion is a precious metals dealer that has been in business since 2011. They offer a wide range of gold, silver, platinum, and palladium bullion and coins, as well as IRA accounts that allow investors to hold physical precious metals within a tax-advantaged retirement account.
One of the advantages of using JM Bullion for a precious metals IRA is its low prices and transparent pricing structure. They offer competitive pricing on their products and provide a breakdown of the costs associated with setting up and maintaining an IRA account.
JM Bullion also offers a variety of storage options for precious metals, including secure vault storage and personal storage options. They work with third-party custodians to provide storage solutions for their customers.
Additionally, JM Bullion has a strong reputation for customer service and has received positive reviews from many of their customers. They offer fast and secure shipping, and their website is user-friendly and easy to navigate.
SD Bullion – Lowest Prices
SD Bullion is a precious metals dealer that offers a wide range of gold, silver, platinum, and palladium products for sale, including coins, bars, rounds, and collectibles. They advertise that they offer some of the lowest prices in the industry and strive to provide competitive pricing for their customers.
However, it’s important to note that precious metal prices are constantly changing, and SD Bullion’s prices can fluctuate based on a variety of factors, including the spot price of the metal, supply and demand, and other market conditions.
It’s always a good idea to compare prices among different dealers before making a purchase to ensure that you’re getting the best deal possible.
In addition to competitive pricing, SD Bullion also offers free shipping on all orders and a variety of payment options, including credit/debit cards, bank wire transfers, and cryptocurrency. They have a user-friendly website and a knowledgeable customer service team that can assist customers with any questions or concerns.
APMEX – Best Selection
APMEX (American Precious Metals Exchange) is a leading precious metals dealer with a vast selection of gold, silver, platinum, and palladium products. They offer a wide variety of coins, bars, rounds, and other forms of bullion from mints and refiners around the world.
Their selection includes popular products such as American Gold Eagles, Canadian Maple Leafs, and South African Krugerrands, as well as bars from renowned refiners such as PAMP Suisse, Johnson Matthey, and Credit Suisse.
In addition to bullion, APMEX also offers a selection of numismatic coins, including rare and collectible coins. They also provide a range of IRA-approved precious metals products, making it easy for investors to diversify their retirement portfolios.
Best for Gold Coins – BGASC
BGASC (Buy Gold and Silver Coins) is a reputable precious metals dealer that specializes in gold coins. They offer a wide selection of gold coins from popular mints around the world, including the American Gold Eagle, Canadian Gold Maple Leaf, South African Krugerrand, and Australian Gold Kangaroo.
BGASC also offers a selection of rare and collectible gold coins, including pre-1933 U.S. gold coins, as well as gold coins from historic mints such as the British Royal Mint and the Perth Mint in Australia.
One of the benefits of buying gold coins from BGASC is their competitive pricing. They offer low premiums over spot prices, making it an affordable option for investors and collectors looking to acquire gold coins.
BGASC also has a strong reputation for customer service and fast shipping. They offer free shipping on orders over $99 and provide discreet packaging for security and privacy.
Vaulted – Easiest Buying Process
Vaulted is a precious metals dealer that offers an easy buying process for individuals looking to invest in gold and silver. They specialize in providing a modern digital platform for buying, selling, and storing precious metals.
One of the main benefits of using Vaulted is its straightforward and intuitive buying process. Users can easily sign up for an account, select the amount of gold or silver they want to purchase and complete the transaction using their preferred payment method. The entire process can be completed within a few minutes, making it a convenient option for busy investors.
Vaulted also offers competitive pricing and low premiums over spot prices, ensuring that investors get a fair deal on their purchases. They offer a wide range of gold and silver products, including coins, bars, and rounds, from reputable mints and refiners around the world. They offer insured and audited storage facilities in Switzerland, ensuring that investors’ precious metals are protected and easily accessible.
Patriot Gold Group – Best for Gold Products
Patriot Gold Group is a precious metals dealer that specializes in gold and silver investments. They offer a range of products, including bullion coins and bars, rare coins, and IRA-approved precious metals.
One area where Patriot Gold Group excels is in providing personalized investment guidance to its clients. Their team of knowledgeable professionals works closely with investors to understand their unique investment goals and recommend products that align with their objectives.
Patriot Gold Group also has a strong reputation for transparency and honesty in its business practices. They are committed to educating their clients about the risks and rewards of precious metals investing, and they prioritize open communication throughout the investment process.
Patriot Gold Group focus on customer service. They are dedicated to ensuring that their clients have a positive experience, and they provide prompt and reliable support for any questions or concerns.
If you want to sell gold, physical gold, gold bullion, gold bars, ira eligible gold coins, then Patriot Gold Group is the answer.
GoldSilver – Best Discounts
GoldSilver is a reputable precious metals dealer that offers a range of gold, silver, platinum, and palladium products. They are known for their competitive pricing and frequently offer discounts on their products, making them a great choice for investors looking to maximize their investment potential.
One of the main benefits of using GoldSilver is its regular promotions and discounts. They frequently offer discounts on their products, including bullion coins and bars, making it an affordable option for investors looking to acquire precious metals at a lower price.
GoldSilver also offers a wide range of products from reputable mints and refiners around the world. They offer coins, bars, and rounds in various sizes, making it easy for investors to find products that suit their investment goals and budget.
Another advantage of using GoldSilver is its commitment to customer service. They provide prompt and reliable support to their clients, ensuring that any questions or concerns are addressed quickly and efficiently.
Kitco – Best for Larger Investments
Kitco is a well-established precious metals dealer that offers a range of gold, silver, platinum, and palladium products. They are known for their focus on larger investments and high-net-worth clients, making them a top choice for investors looking to make significant investments in precious metals.
One of the main benefits of using Kitco for larger investments is its institutional trading desk. They offer personalized investment advice and support to institutional investors and high-net-worth clients, ensuring that they have access to the products and resources they need to make informed investment decisions.
Kitco also offers a wide range of products, including bullion coins and bars, as well as rare and collectible coins. They have relationships with reputable mints and refiners around the world, ensuring that they can offer high-quality products to their clients.
Another advantage of using Kitco for larger investments is its commitment to security and confidentiality. They offer secure storage options for their clients, ensuring that their precious metals are protected and easily accessible.
Golden Eagle Coins – Best Reputation
Golden Eagle Coins is a well-established precious metals dealer that has been in business for over 50 years. They have earned a strong reputation in the industry for their expertise, reliability, and commitment to customer service.
One of the main benefits of using Golden Eagle Coins is their extensive selection of products. They offer a wide range of gold, silver, platinum, and palladium products, including coins, bars, and rounds, from reputable mints and refiners around the world.
Golden Eagle Coins also has a strong reputation for transparency and honesty in its business practices. They are committed to educating their clients about the risks and rewards of precious metals investing, and they prioritize open communication throughout the investment process.
Another advantage of using Golden Eagle Coins is their focus on customer service. They provide prompt and reliable support to their clients, ensuring that any questions or concerns are addressed quickly and efficiently.
United States Mint: Buying Gold or Silver Is Simpler Than You Think
Buying gold or silver is a relatively simple process that can be completed in a few easy steps. Here’s an overview of the process:
Determine your investment goals:
Before you start buying gold or silver, it’s important to define your investment goals. Do you want to invest in physical gold or silver for long-term wealth preservation, or are you looking for short-term gains through trading? What’s your budget for investing in precious metals?
Choose a reputable dealer:
Once you’ve defined your investment goals, it’s important to choose a reputable dealer that offers high-quality products and fair prices. Research dealers online, read reviews, and compare prices to find the best option for your needs.
Select the products you want to buy:
Gold and silver can be purchased in various forms, including coins, bars, and rounds. Choose the products that align with your investment goals and budget.
Place your order:
Once you’ve selected the products you want to buy, place your order with the dealer of your choice. You can typically place your order online or over the phone, depending on the dealer’s policies.
Complete the transaction:
After you’ve placed your order, you’ll need to complete the transaction by paying for your purchase. You can typically pay with a bank wire, credit card, or check, depending on the dealer’s policies.
Receive your precious metals:
Once your payment has been processed, your dealer will ship your precious metals to your preferred address. You may also have the option to store your precious metals in a secure storage facility.
Overall, buying gold or silver is a straightforward process that can be completed with a reputable dealer.
With a little research and careful consideration of your investment goals, you can acquire precious metals as a valuable addition to your investment portfolio.
What Is an Online Gold Dealer?
An online gold dealer is a company that offers the buying and selling of gold, silver, platinum, and other precious metals over the internet. These dealers typically offer a wide range of products, including coins, bars, and rounds, from reputable mints and refiners around the world.
Online gold dealers can be a convenient and accessible option for investors who want to purchase precious metals from the comfort of their own homes. They often provide detailed product information, pricing transparency, and secure payment options to ensure that their customers can make informed investment decisions.
Some online gold dealers also offer storage options for their clients, providing a secure and convenient way to store precious metals without having to handle them physically. These storage options typically include insured and audited vaults, which offer peace of mind and protection for investors.
When choosing an online gold dealer, it’s important to do your research and choose a reputable company with a strong track record of customer satisfaction.
Look for dealers with transparent pricing, a wide selection of products, and secure payment and storage options to ensure that you are getting the best value for your investment.
Is Buying Gold Online Safe?
Buying gold online can be safe if you take the necessary precautions and choose a reputable dealer. Here are some tips to help ensure a safe and secure online gold-buying experience:
Research the dealer:
Before making a purchase, research the dealer thoroughly. Look for reviews and ratings from third-party sources to ensure that the dealer has a good reputation and track record.
Verify the dealer’s credentials:
Make sure that the dealer is properly licensed and registered with relevant industry organizations. You can also check if the dealer has any complaints or disciplinary actions against them.
Check for a secure website:
Ensure that the dealer’s website is secure, with a valid SSL certificate and encryption for any personal or financial information you provide.
Understand the product:
Make sure that you understand the product you are purchasing, including its purity, weight, and authenticity. Check that the product comes with a certificate of authenticity or other verification methods.
Use secure payment methods:
Use secure payment methods, such as credit card or bank wire transfer, and avoid paying with cash or personal checks. Avoid sharing any sensitive information over email or unsecured channels.
Consider storage options:
If you are buying physical gold, consider storage options offered by the dealer. Make sure that the storage is insured, audited, and secure.
By following these guidelines and working with a reputable online gold dealer, buying gold online can be a safe and convenient way to invest in precious metals.
Risks of Buying Gold Coins
While investing in gold coins can be a profitable and valuable addition to any investment portfolio, there are also risks associated with buying gold coins. Here are some of the risks to consider when buying gold coins:
The risk of counterfeit coins is a major concern for investors, as counterfeiters can produce very convincing fake coins. It is important to purchase gold coins from reputable dealers who have established a reputation for quality and authenticity.
Like any commodity, the price of gold can fluctuate widely over time. While gold has a reputation for being a safe-haven investment, investors should be prepared for the possibility of fluctuations in the price of gold coins.
While gold coins are generally considered to be a highly liquid asset, the liquidity can be affected by market conditions and demand. It is important to consider the liquidity of gold coins before investing, especially if you may need to sell them quickly in the future.
Storage and security risks:
Physical gold coins need to be stored in a secure location to protect against theft or damage. Storage can also incur additional costs, such as fees for safe deposit boxes or vaults.
Premiums and transaction costs:
Buying gold coins often involves paying a premium above the spot price of gold. In addition, investors should be aware of transaction costs, such as shipping fees, insurance, and taxes.
By understanding and managing these risks, investors can make informed decisions about buying gold coins as part of their investment strategy.
It is important to work with reputable dealers and carefully consider the costs and risks associated with buying and storing physical gold coins.
When choosing a gold dealer, it is important to conduct thorough research and choose a reputable dealer with transparent pricing, secure payment options, and a strong track record of customer satisfaction.
Whether you are a novice or a seasoned investor, investing in gold can be a valuable addition to your portfolio, providing diversification, security, and potential for growth over time.
What is the best way to purchase gold?
The best way to purchase gold is to buy it from a reputable dealer who offers competitive prices and guarantees the quality of the gold. You should also ensure that the dealer is licensed and insured to protect against any issues that could arise.
Additionally, consider researching the market price of gold before making a purchase to ensure that you are getting a fair price.
What is the best gold to invest in?
The best type of gold to invest in depends on your individual needs and goals. Generally, gold bullion bars and gold coins are seen as the best forms of investment-grade gold.
These two forms of gold are the most liquid, meaning that their prices are the most reliable and their resale value is the most consistent.
What is the best website to buy gold?
The best website for buying gold depends on your individual needs, budget, and preferences. Some popular websites for buying gold include BullionVault, GoldMoney, JM Bullion, and APMEX.
See also: Goldco vs. Birch Gold