How to Buy Gold

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Owning gold can serve to solidify persons’ economic security. Someone who owns gold can hold onto the gold as a long term investment, or quickly sell off the gold in the event of financial collapse since gold is a hedge against inflation.

Think of purchasing gold as either an investment or insurance against economic swings.

Here are the most common ways that people purchase and invest in gold:

Purchasing gold bullion is a far less risky endeavor than investing in mining stocks. The two most accessible gold coins to buy are the American Eagle gold coin and the Canadian Maple Leaf gold coin.

Gold mining stocks are not tangible assets and carry higher risk due to the possibility of literally and figuratively striking gold.

Selling gold coins is just as easy as buying them due to the demand. Potential buyers of gold bullion will have to access the following factors regarding their purchase:

Best Places to Buy Gold Online

Many websites specialize in helping potential gold buyers evaluate their options. Expect a quality gold buying website to feature live gold price charts so you can start to educate yourself on the current status of gold.

Read the gold-selling website’s about page to see if the site’s philosophy matches your interests and needs as a potential buyer. Most quality gold buying websites will make themselves extremely transparent due to the high-value nature of their dealings.

When looking to buy gold online, make sure the website gives detailed information about the following elements surrounding a gold purchase:

GoldSilver

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GoldSilver is an excellent choice for gold purchasing, storage, and sales. While shopping for your next gold purchase, you can actively track the value of gold to make sure you’re making a timely purchase.

The U.S. shipping, handling, and insurance is free of charge through GoldSilver on orders of $499 and over!

U.S. orders through GoldSilver that are under $499 will receive a flat-rate shipping fee of $25. This charge includes insurance and handling fees.

There aren’t any minimums with GoldSilver—only a standard flat-rate shipping fee for every U.S. order, regardless of weight or dollar value.

Shipping to storage facilities in the U.S. is free for orders over $499 at GoldSilver.

International vault storage options are available through GoldSilver at the following locations:

If you’re looking to receive an international shipment from GoldSilver, expect your charges to differ based on your package’s weight and destination.

Here is a link from GoldSilver’s website that will allow potential international buyers to gain more detailed information on their shipping process.

The point of buying gold online is convenience and accessibility. GoldSilver has its mobile app that allows users to stay connected with the company and consistently track your investment’s value.

Through using GoldSilver, you can expect the following:

Visit GoldSilver.com

GoldBroker

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GoldBroker provides clients with a back-to-basics philosophy that combines advances in technology with direct ownership practices to create customer satisfaction.

There are risks to investing when ownership of assets is purely virtual. It’s Goldbroker’s mission to protect clients against potential technology failings by providing direct purchase of gold. The platform of GoldBroker is not directly connected to your assets.

When purchasing gold through GoldBroker, expect the following to occur:

Gold storage fees at GoldSilver are $125 a year if the value of the gold is less than $20,000. The emphasis of these previous points revolves around customer confidentiality and privacy.

Similar to many established gold selling websites, GoldBroker has live charts that track the current price of gold in addition to historical maps.

If at any point, you want to sell gold purchased from GoldSilver that has been at the vaults of their partner, you can expect the process to be simple and executed in 48-hours.

Sales commission rates occur at 1%, with the minimum sales commission at $75. The sell-back process occurs in the following steps.

Buying commission for GoldSilver services vary from product to product and are regressive in how many quantities clients order.

APMEX

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Part of what makes APMEX’s website so impressive is how extensive their catalog is. When browsing for gold on APMEX’s site, users will find a plethora of options that are both well detailed and organized.

APMEX makes you feel like a precious metals expert. Their gold section is separated into the following categories to make sure you’re ahead of the curve:

With all of these options, you won’t have to feel lost in the numerous gold buying options.

It’s easy to sell to APMEX. You can request a quote, call the website, finalize your price, and pack it away for shipment. Once your purchase has made it to APMEX’s facility, APMEX will verify the products. After the evaluation, expect to get paid within a business day.

The minimum buy-back to sell to APMEX is $1,000.

Citadel provides top-notch security by parting with APMEX. The private storage facility is a partner of Brink’s, one of the world’s leading security company’s.

Shipping costs to APMEX storage facilities are affordable. For orders over $500, there isn’t a shipping fee—and for orders under $500, the shipping fee is $9.95. Once your orders are shipped, they are insured to protect against theft, damage, and loss.

Regal Assets

Regal Assets stands as the #1 rated metals and crypto IRA company. Beginning with a small investment and a broad vision, Regal Assets sought to simplify the process of purchasing precious metal assets at a time when the industry was under a massive bureaucracy.

If you’re looking to add high-value metals to your investment portfolio or retirement account, look to Regal Assets. The goal at Regal Assets is to put clients first through a non-pushy approach to customer service that revolves around education.

Storage is taken seriously at Regal Assets. Customers are provided fully-insured storage at some of the lowest costs in the industry. When storing gold at Regal Assets, you can expect the following:

Storage at Regal Assets is a partner of security industry leader Brinks.

Since Regal Assets additionally focuses on amplifying investment portfolio’s, the selection of gold items is more refined. While more refined, you’ll find all the in-demand gold options that include the following:

SchiffGold

SchiffGold works to provide gold buyers with a dealer they can trust. Staff at Schifgold work to make the process of buying gold as easy as understanding the value of purchasing gold.

Customers who are looking to purchase precious metals through SchiffGold can expect the following:

Selling gold to SchiffGold is a straightforward process that can be done in the following steps:

The live-pricing charts of gold on SchiffGold’s website are interactive and easy to understand.

Expect to be linked with some of the finest professional storage services at SchiffGold. With storage locations all over the world, you won’t be locked into a long-term commitment. Your vault will be protected 24/7 by vault guards and additional security features.

Bitcoin is recognized as a valid form of payment when purchasing gold and silver on SchiffGold.

If you’re looking to diversify your bullion collection, SchiffGold offers a page on their website dedicated to advertising limited edition gold bullion. These products are limited by the governments that distribute them.

Schiffgold confidently recommends coins such as the Canadian Gold Wolf to more serious investors.

You won’t have to decide between low prices and quality service when working through SchiffGold. The purity and authenticity of every product are guaranteed. Prices are competitive, and sales members provide help with a low-pressure approach.

Why Buy Gold Online

You will most likely have to pay extra shipping fees if you’re an international buyer. Storing your gold after you’ve purchased it online is one of the essential parts of buying gold.

A lot of quality gold selling websites emphasize their style of customer storage. Gold buying websites frequently put the purchases in the buyer’s name and ship them to a private storage vault.

One benefit of buying gold online is convenience. Once gold is under a buyer’s name in a personal vault, investors can easily add to there gold assets with just a few clicks.

Where to Buy Gold Locally

It’s important to note that chances are, you’re going to receive higher prices when buying gold at smaller, local coin shops. Smaller coin shops have both limited sales and inventory levels, which make them charge higher premiums.

Watch out for local dealers that have prices that seem too good to be true. Some gold scammers will present more than fair prices while stalling orders and providing non-existent customer service.

When seeking a place to buy gold locally, look for the following:

While some people prefer buying gold at a local shop, purchasing gold online is the safest and most convenient way to acquire gold.

Let’s access the pros and cons of buying gold locally, in-person:

Buying Gold Locally - Pros

Buying Gold Locally - Cons

Can You Buy Gold From a Bank?

Buying gold coins from a bank is recommended. Many banks in the U.S. sell gold coins, although many won’t publish that information on their website to minimize security risks.

Visit the U.S. Mint website and utilize their authorized dealer directory to get information on what banks near you sell gold coins.

An additional method of acquiring information on a bank selling gold coins is to call the bank. While the bank may not advertise the information on their website, they’ll be happy to give information to potential buyers.

How to Buy Gold From a Bank

Purchasing gold coins from a bank comes highly recommended since the risk of the buyer being ripped off is drastically lower due to heavy regulation and straightforward dealings with the U.S. Mint.

Buying Physical Gold vs. a Gold Storage Company

Websites such as BullionVault offer allows users to invest privately in gold while accessing professional bullion markets. When looking for lower costs in buying, selling, or storing gold, look no further than BullionVault!

BullionVault sits as the world’s largest online investment gold service and is co-owned by GBIT and Augmentum Capital.

BullionVault Storage

Storage is a priority at BullionVault. Physical gold exists through BullionVault in professional vaults located in New York, London, Toronto, Zurich, or Singapore. Since BullionVault is a large company, they’re able to negotiate lower storage prices that always include insurance.

Sometimes selling gold comes at a penalty, but not with BullionVault. Users of BullionVault can sell at any time with no penalties and will receive their money through wire transfer the following day.

Do you know what you want and are looking to cut to the chase? No problem! You can purchase gold through BullionVault in about two hours.

Let’s wrap up our evaluation of BullionVault by pointing out the reasons you should buy and store with them:

Where to Sell Gold After You Buy It

Similar to buying gold, it’s essential to shop around for the right person to sell your gold. If you purchase gold from a reputable website such as one of the sites we explore below, there is a fair chance they have an established seller program.

Before you start shopping your gold around online, have your gold’s price estimated by individuals such as local jewelers. Go to three or four stores for estimates.

Rogue Buyers

Watch out for ‘rogue’ buyers. Rogue buyers are individuals who go from town to town with pop up shops that tend to undercut the value of gold owner’s assets so the rogue buyer can turn a profit.

If the person buying gold from you doesn’t ask to see your I.D. or doesn’t have a state-issued license to purchase gold, it’s best to take your gold elsewhere.

One strategy rogue buyers can use to undercut sellers is weighing the gold with a system called pennyweight. A pennyweight equals 1.555 grams so that a pennyweight would give the seller less money instead of standard gram measurement.

You’ll have a better chance of getting the best value for selling your gold if you go through an accredited gold buying and selling a website, such as one of the sites listed below. Many online sellers are continually looking to expand their inventory.

Online sites such as eBay, Craigslist, and other online websites have platforms geared explicitly toward the gold trade.

Conclusion

While buying gold in person has it’s pros, purchasing gold online is the best choice to make. Increased accessibility, lower prices, and more inventory options should be enough reasoning to make your next gold purchase online.

Don’t worry about the security of buying online. Reputable brokers such as the websites mentioned above insure packages and are partnered with top-notch security facilities.