Buy Gold Bullion
Gold.
Money Metals Exchange. Money Metals Exchange is based out of Idaho and has been in the precious metals industry since 2010. With a wide range of gold, silver, palladium, rhodium, copper, and platinum items, Money Metals Exchange is tough competition for other precious metals retailers. A gold bullion bar guaranteed and produced by a sovereign national mint such as the Royal Canadian Mint (RCM) will typically have a higher premium or slightly higher price when buying, but government guaranteed gold bars typically receive a higher buy back premium when you go to sell your gold bar back to gold dealers or other investors.
It's amazing the power it holds on our society. The California gold rush in the late 1840s and early 1850s has been the stuff of lore (if you have a chance to read about it, it's fascinating). Even today, you can turn on Discovery Channel and watch a show about guys in Alaska mining for gold (I've taken a lot of Southwest flights and seen quite a few episodes!).
We’ve made it easy to buy Gold from our selection of Gold bullion, including the right bar of Gold for your portfolio or collection. Gold Bars for Sale Gold bars come in many different shapes and sizes. You can buy Gold. Cheapest Gold Bullion Price. The Gold bullion products listed here have the lowest premium over gold spot price per ounce. These are the cheapest gold prices offered by major online bullion dealers with the lowest gold premium. When you're looking to buy gold bullion products our tools will help you find the best deal online from trusted. The official gold bullion coin of the United States is the American Gold Eagle. In 1986, the U.S. Mint first released eagles in accordance with the Gold Bullion Act of 1985. Often the weight is used to describe these coins because the term “eagle” was the U.S. Designation for ten dollar gold.
Gold also tends to appear in the news whenever there's some economic or political upheaval. The price per ounce reached a nominal high in the summer of 2011, breaking $1,900 an ounce, which was staggering.
If you've been tempted by the yellow stuff, and you're thinking about picking up some gold bullion as an investment, I'm here to suggest a different way of thinking.
Physical gold bullion isn't an investment. It's an insurance policy.
How I Think of Gold Bullion
Gold has long been called a store of value. That's a fancy little phrase to mean that it never depreciates. Gold doesn't old, it doesn't break down, it doesn't need repair – it just is.
It provides no dividends or other payments. You can't do anything with it. And it's kind of heavy to lug around.
That said, even without any other financial benefits, the fact that it's a store of value makes it a useful financial instrument.
It's disaster insurance.
Think about the Syrian refugees who are trying to escape Syria and get into safer havens like the United States – they have little more than the clothes on their back and few worldly possessions. Seven years ago, the Syrian pound conversion rate was 57 SYP to 1 USD. Today, you'd need over 514 SYP to get 1 USD. The value of their currency has been decimated.
If things hit the fan and we were in a similar situation, the value of the United States dollar would plummet. Perhaps to zero. In that case, you better make sure some of your worldly possessions have value in the country you're escaping to.
That's where physical gold plays a huge role.
As weird as it sounds, if there is a stable government somewhere, there's a place you can go and turn your gold into the local currency. If the USG collapses and you're left fleeing to a country like Canada or China or Russia, you can go there with gold and do more with it than worthless Federal Reserve Notes.
It's not a pleasant thought but that's what insurance is for. You don't want it to happen but you also don't want to be unprepared.
How to Buy Physical Gold Bullion
When you view it as insurance, you don't care what it looks like. I don't care about fancy coins. I just want gold as close to the spot price as possible.
It's impossible to buy it exactly at the spot price, which is the current market price because you're buying it from a company and they have to make money.
To make sure you aren't ripped off, you need these three steps:
- Step 1 is to know the spot price, I like to use GoldPrice.org because it's quick. Kitco has a live chart too, which shows a little more information like the bid/ask spread (but you won't need that).
- Step 2 is to understand the spot price is shown in troy ounces and for .999 fine gold. A troy ounce is not the same as a “regular” ounce (it's known as the avoirdupois ounce after the avoirdupois system of measurement), it's 31.1 grams vs 28.35 grams in an avoirdupois ounce.
- Step 3 is to buy it from a place that will only put a premium of 5% on the gold and offers free shipping and insurance.
Where to Buy Gold
The simplest way to buy gold is through an app called Vaulted (full review of Vaulted here). Vaulted is an app run by McAlvany Financial Group and International Collectors Associates (short name is McAlvany ICA) based out of Colorado. The app lets you buy fractional gold that is then stored at the Royal Canadian Mint. By purchasing it fractionally, you don't have to buy it by the coin (which is expensive per ounce) or wait until you can buy an ounce (which is expensive, period). When you get up to an ounce, you can request delivery for a small fee.
Another alternative, and I don't know much about this company so do your due diligence, is Acre Gold. Acre Gold is like a layaway program for gold where you pay a monthly fee of $30 or $50, accumulate gold, and get a 2.5-gram bar sent to you when you've reached the price threshold, minus shipping and fulfillment fees. They periodically stockpile gold and each bar is then set at the price they buy it. If the price goes up in the meantime, you still get the old price. If the price goes down, you would get a bar after your next payment. There's a one-time $12 membership fee. It's not a super clean way to buy gold but it's another option.
If you want delivery immediately, you can go with a merchant. It's like ordering precious metals online.
But I'm liking JM Bullion (APMEX is good too). I like it because on every product page they show you the current live Gold ask price, the prices are fair, and there's free shipping.
With gold at $1,219.68 an ounce (as of early February 2017), you can get this gold coin for just a premium of $34.99 – or 2.86%. (the higher credit card price is exactly 4% higher, which seems like they pass the credit card transaction fees onto you… fair enough)
You can buy other gold coins:
But don't. Don't be a sucker.
Companies like JM Bullion and APMEX routinely run sales where coins will be just a small premium over spot. That's what you want to get.
Here's a listing on APMEX:
I screenshot it a few days later, which is why there's a difference in the spot price compared to the JM Bullion price. This one is a ~$22 premium over spot. That makes it a better deal than the gold coin from JM Bullion. (and they also have free shipping on purchases over $99)
If you're going to use these, the person taking it will not care if there's a Maple Leaf, Lady Liberty, or a kangaroo on it. Don't pay extra for it.
How to Avoid Being Ripped Off
Sadly, there will always be scams in the world. If there's money to be made, there's the risk of fraud.
There are two ways to get screwed:
- The person you buy from fails to deliver the metal.
- The person you buy from gives you a fake.
Failure to Deliver
Years ago, I heard about a company called Tulving from a friend of mine. My friend had purchased large amounts of gold bullion from them and had a good experience. Their website was awful but they had good prices on gold — which is what matters.
While I never purchased anything, I was saddened to hear that the company collapsed in 2014 and still owed customers $40 million!
Am I worried that a purchase at JM Bullion or APMEX might end up this way? No, but you have to do your homework. Read that article and see how the warning signs are all there. Delayed shipments, complaints on BBB, and other huge red flags.
Buy Gold Bullion Nz
There are a lot of companies selling gold so if one triggers your Spidey-sense, move onto the next one. There are plenty.
Fake Gold
As for the gold itself, how do you know it's legitimate? How can you protect yourself, especially if you use a check or wire transfer to save money on the purchase? (credit cards offer more protection)
If you purchase something from a private seller on a marketplace, like eBay, you need to do your homework. Study what they're selling and see if you notice anything out of the ordinary. I wouldn't buy something from an individual off eBay, it's not worth saving a few dollars on a transaction where the purchase price is $1200 an ounce.
If you purchase it from a reputable dealer, you still need to do your homework but you can be reasonably assured they're legitimate. Read the Tulving story I linked to above and then read reviews of the different merchants to see if perhaps you're looking at a company in trouble. Read the complaints on their BBB listing and see if they apply to you (a lot of the ones for these gold companies involves selling transactions, where the customer sells gold to the company).
What about silver?
You can buy silver too, under the same logic, but it's less valuable. An ounce of gold is ~$1200 and an ounce of silver is ~$18.
It only makes sense to buy silver if you want some protection but you don't want it in units of ~$1200. You'd need 66 ounces of silver to have the value of 1 ounce of gold!
Also, you could purchase gold in grams on some sites. There are 31.1035 grams in a troy ounce so when APMEX sells a 1 gram gold bar for $45.28, you're paying $1408.37 for an ounce of gold. That's too high of a premium.
Have you purchased physical gold bullion before? Any suggestions for a novice buyer but a seasoned researcher like me? 🙂
Are you searching for reviews for the best place to buy gold online or the top gold coin and gold bullion websites?
Every day, thousands of people search to “buy gold online”.
And there are so many places to buy gold coins and gold bullion online – which gold websites can you trust?!
Many gold coin websites are legit, others are not.
We’ve compiled the ultimate list of top websites that sell gold coins online (and gold bullion).
What You Need to Know About Buying Gold Coins Online
The gold and silver market have taken off in a big way these last few years, with a faster-paced society and a more interconnected world economy, economic stability is more susceptible than ever to outside influences. A strike in China can influence the dollar, for example, and political instability in Europe affects the course of our economy.
The value of the dollar rises because people believe the US is doing great, regardless whether that is true or not. It is a matter of faith and trust.
An investment in Gold, however, maintains an intrinsic value that is not so closely tied to the actions or economic policies of a government. A gold coin today is worth its weight and holds its value better than many other commodities.
Gold bullion is popular among those in the know.
Aside from the relatively stable value of bullion over paper currency and other commodities, why do people invest in precious metals and coins?
- Internationally recognized value: gold is gold and has the same price anywhere in the world.If the market crashes, the stock is worthless. Bullion, however, can save you.In the blink of an eye, paper currency can lose its value. The same cannot be said of metal though. No matter the country you may be in, a golden dollar can be bartered with. People may not even know what a dollar is, but they understand gold.
- Survivability: in case of a crisis or war, you can always count on gold to remain intact. It does not tarnish or deteriorate, unlike paper, which can burn, tear, or decompose. A gold hoard buried 5000 years ago can still be found and maintain value. The trick is not to lose track of it!
- Transportability: gold and bullion are valuable even in small quantities. An ounce of gold can buy you a vacation and it can be hidden in your pocket.
The Top 10 Websites to Buy Gold Bullion & Gold Coins Online
So how do you go about getting your gold and bullion in the 21st century?
The internet provides a fast and effective way to safely buy gold bullion.
Quality and security are imperative, so here is an overview of the top ten best places to buy gold online:
#1 Money Metals Exchange
Money Metals Exchange review: Founded in 2010, MoneyMetals.com has quickly risen to prominence not only as a seller but also as an educator for numismatic aficionados. With over 75,000 buyers and more than half a million readers and subscribers, they’re a serious dealer and influencer in the world of numismatics, providing quality at affordable prices making a big niche in the online gold market.
The gold coins that you buy from MoneyMetals.com will reflect and remain close to their original melt price. Note that this is unlike other numismatics dealers that tend to exaggerate the extrinsic value of their coins.
Learn more: https://www.moneymetals.com
#2 Buy Gold and Silver Coins
Buy Gold and Silver Coins review: This is a big player in the coin business. It is one of the largest bulk coin and bullion dealers in the US. An A+ rated business by BBB, this is a reliable business partner.
They maintain a large stock, and ship and deliver on time. You’ll be pleased to hear that they pride themselves on their reliability and honesty. And you can rest assured that they go the extra mile by insuring all their packages before sending you your gold.
Learn more: https://bgasc.com
#3 JM Bullion
JM Bullion review: This Texan dealer is known for its no-nonsense approach to selling bullion. Located in Dallas, jmbullion.com has risen quickly through the ranks to become a big favorite amongst investors and buyers alike.
They hold a lot of stock and they ship on time. Security is always a concern with this kind of transaction, especially over the internet, and this company knows it. They will see to it that everything goes smoothly. With them, you are assured to be holding your bullion in your personal vault at the end of the transaction.
Learn more: http://Jmbullion.com
#4 Bullion Vault
Bullion Vault review: The world’s largest online investment gold service, bullionvault.com needs no introduction to any investor that has ever dealt in bullion. They offer a quick and easy platform for investors to peruse the professional bullion market and provide cut-rate prices on buying, selling, and storing of bullion, be it gold or silver.
Possessing vaults in London, Zurich, and Singapore, amongst others, this is a big player running some 2 billion dollars’ worth of bullion for 70,000 investors. These serious investors flock to them due to the low insurance and storage cost of their precious metals.
Learn more: https://www.bullionvault.com
#5 SD Bullion
SD Bullion review: This is another newcomer to the market. The firm was founded in 2011 by two doctors who wanted to educate people on the value of silver.
The company they created has quickly risen to be regarded as a serious player. Their motto is: «nothing fancy, just a telephone call and low prices.”
Indeed, the doctors are true to their word. They’ve already shipped over 300,000 orders. In a relatively short time, they have even managed to appear on “Hit Inc. Magazine’s” list of the 500 fastest-growing companies. Twice!
They guarantee the lowest possible prices on gold and silver bullion. And they also buy from private individuals at a competitive price.
Add to that a serious interest in educating the masses on the fundamentals of gold and silver investment, and you can begin to understand their ever-growing popularity.
Learn more: https://sdbullion.com
#6 GoldSilver
GoldSiver review: Here you will find another site that prides itself on its role as an educator.
Goldsilver.com was founded by renowned precious metal advisor Mike Maloney. His bestselling book remains one of the best publications on precious metals investment. This is a real professional that takes the time to analyze the minutiae of the market.
The site offers customers a dedicated team of professionals that will look after their interests, informing and advising on current market trends and projections.
This team of online gold dealers invest heavily in research, which is why many professionals seek their services when they look for an advantage in the market.
Learn more at: http://goldsilver.com
#7 Monex Precious Metals
Monex Precious Metals review: Monex an old player, monex.com has been at it for fifty years, and they are still looking strong. They specialize in buying and selling bullion and precious metals.
Their best qualities are that they are dependable and trustworthy. Offering their customers relevant market information, they strive to create long-term relationships with savvy investors. This is why their traders take the time and effort to educate and inform their customers.
Learn more at: https://www.monex.com
#8 Golden Eagle Coins
Gold Eagle Coins review: Another old-timer going strong, goldeneaglecoin.com specializes in selling gold and silver coins, especially dollars.
Though they also sell bullion and precious metals, they like to keep abreast of new developments. Their site offers a constant update on prices and global developments.
If you are looking for a reliable and trusty partner that has stood the test of time, you could do a lot worse than checking out this Washington DC giant.
Learn more at: https://www.goldeneaglecoin.com
#9 Schiff Gold
Schiff Gold review: This is an online gold bullion and gold coin player that merges low prices with quality service, the specialists and professionals at schiffgold.com take the time to educate and advise all-comers. The online gold dealer is a favorite with investors because of its affiliate with economist and influencer Pete Schiff. The site’s experts sell and buy precious metals, offering a guarantee on price and purity of every product sold. In addition to this common practice, however, they offer a personalized relationship with investors. It is this difference that has earned them such a great following and why they definitely make our list of one of the top ten places to buy or sell gold online.
Learn more: https://schiffgold.com
#10 Metals.com
Metals.com review: This market leader prides itself on customer involvement and service. There’s little doubt that they are focused on going the extra mile to ensure customer satisfaction.
That being said, they also offer very competitive prices in the precious metal market, so potential customers don’t need to worry about trading quality service for quality products. With metals.com, you can have them both.
In addition, the site provides guaranteed authenticity and shipping to put their customers’ minds at rest.
Now You Are Ready to Buy Gold Online
Whichever website you choose to buy gold online, the main things to consider are their guarantees, independence, security, and stability. Though these are difficult to attain investing in precious metals, at times, bullion and coins is a good way to go to hedge your bets and provide a financial plan B in case things go sour.
Precious metals may not offer the glossy and high profits that other trendy branches of the market offer for a short while, but they do offer certainty. Investors who made it before the Internet bubble burst may feel very good about themselves, while those who didn’t should pay extra careful attention to these words.
That is the true value that comes from precious metals. Just as with land, more of it is not being made, which is why the prices tend to rise and will continue to do so. Gold offers you one of the safest forms of investment in today’s and tomorrow’s market. And these ten online gold dealers offer you ideal ways to begin or grow your investments.
Buy Gold Bullion
If you like this post, you might also want to check out our list of best websites to buy men’s pre-owned luxury watches online.