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Many financial advisors recommend a diversification of investments across stocks, bonds, real estate and precious metals. Owning gold bullion or coins is one way that people are doing a better job of protecting their assets against inflation and an uncertain stock market.

The traditional way of investing in gold has been by purchasing gold bullion bars or coins from a local precious metals dealer. However, the internet has greatly expanded your options for gold investing.

When purchasing anything you want the best price and at the lowest fees. Purchasing gold online allows you to compare and contrast several different gold options from various companies before making a decision.

Every precious metals company is different in what they offer, how they support their customers, and their policies. Before shopping for your next gold bullion investment consider the following:

  • Selection. Does the company offer a wide selection of gold bars, bullion, and coins from across the world?
  • Best Gold Buying Companies
  • Customer Service. If you have a question before, during, or after your gold purchase you'll want to make sure a knowledgeable yet friendly customer service representative is going to be there to assist.
  • Company Strength. Whenever you are investing in stocks, bonds or precious metals you'll want to only deal with reputable companies. Make sure you understand what company you're dealing with.

TopConsumerReviews.com has reviewed and ranked the best Gold stores in business today. We hope these reviews help you with your next gold purchase!

Disclosure: We pay our reviewers for their reviews. We are not compensated by companies for their reviews, but we are compensated for links and advertisements on our website. Click here for details.

2016

Buy Gold Reviews

5 stars
Gold & Silver

GOLD & SILVERTopConsumerReviews.com Best-In-Class Blue Ribbon Award

Gold & Silver provides a very good selection of gold bars and coins. Their staff is knowledgeable and friendly. Their website is informative and is a comfortable fit for both the novice and savvy gold investor. Read More... Visit
Site

4 stars
American Bullion

AMERICAN BULLION

American Bullion is relatively new to the precious metals business. The website focus centers on Gold purchases for IRA’s and other retirement options. We would have liked to see more online purchase options and more details on the selection they offer. American Bullion comes with a strong BBB rating. Read More... Visit
Site

3 stars
Bullion Vault

BULLION VAULT

Given the limited gold buying options, the difficulty navigating the website, and the customer service hours, Bullion Vault didn't win us over. We would have liked to have seen a larger selection of gold investments as well as a friendlier website. Read More... Visit
Site

2 stars
Straight Silver

STRAIGHT SILVER

Straight Silver offers a very limited selection of gold bars. If you are looking to purchase gold, we recommend you choose a higher ranked company that will help you find the expertise and selection you'll need to make a good investment. Read More... Visit
Site

What You Should Know About Buying Gold

During the Klondike Gold Rush of 1898, prospectors did all sorts of crazy things in the name of finding their piece of the golden pie.

While things aren't quite that extreme today, gold is once again a hot commodity, with everyone from amateurs to seasoned investors giving it full consideration as part of their investment portfolio.

And why not invest in gold? There are a myriad of reasons why investing in gold is a good idea. The biggest reason is that unlike paper currency, gold is not affected by inflation or global uncertainty. During times when a country's paper currency is losing value, gold will gain in its worth.

The price of gold has fluctuated wildly in recent years. At the start of 2012, for example, gold was priced at $1,700 per ounce. By October of that year, gold had risen in price to over $1,800. Despite the unpredictable change in value from one day to the next, it's never too late to invest in gold. While it is true that gold likely has hit its peak and will not climb any higher, it always will have value higher than paper currency.

However, as with any investment, it is a good idea to fully understand what you should know about buying gold before taking the plunge.

First and foremost, the best way to buy gold is in its purest form: bars, jewelry and coins. Among the most popular form of gold bullion for investors is the gold coin. The trick to buying gold bullion is to buy it as close to its "spot" price as possible – or within no higher than a 10 percent premium. Premiums higher than 10 percent will make it difficult for the investor to turn a profit. The price of gold would have to rise to that level or beyond for the buyer to make any money off of their investment, and that is unlikely to happen. Gold bullion can be stored at a number of places, including safety deposit boxes at local banks. There also are some gold-specific storage facilities across the United States.

If you choose to purchase gold in this form, your next consideration should be where to keep it. Unlike paper money, which can be deposited into the local bank, gold bars and coins can be a lot more challenging to store. While many banks will allow this kind of material to be stored in a safety deposit box, most banks do not insure the contents of the boxes. So if the bank would be robbed, and your gold is among what was taken, you will not be covered for your losses. Storing it at home also is not recommended, as most homeowners' insurance policies will not cover the cost of gold in large amounts. The best option is to use a "gold pool", which is a service that holds your gold for safekeeping. These services insure all of their customers' gold against theft and damage.

Finally, it is important to purchase your gold from a reputable dealer. Make sure the dealer has recommendations and has been in business for at least a decade. Only dealers which purchase their product from the U.S. Mint are legitimate.

 

 

 

Here's why China is loading up on gold

If China is buying gold, what should you do? As we reported last week, China recently launched a new yuan-based benchmark price for gold bullion. The Shanghai-based gold benchmark will compete with London, where the world's daily gold price has been set ...

Published:  Thu, 05 May 2016 14:33:00 GMT



If you're buying gold, you're actually just selling dollars

So far this year, being long gold and being short the dollar have been two sides of the same trade. This week, gold and the dollar index hit the highest and lowest levels in 15 months, respectively. And over the past 40 sessions, the daily moves of the ...

Published:  Wed, 04 May 2016 04:57:00 GMT



Akshaya Tritiya 2016 date and time: What is the auspicious time for puja?

ALSO SEE Ujjain Simhastha Kumbh Mela 2016 photos: 37 pictures of Ujjain Simhastha that is underway right now Buying gold is one of the most important rituals of Akshaya Trithiya as gold is the symbol of prosperity and wealth. Buying gold on this day is ...

Published:  Thu, 05 May 2016 07:37:00 GMT



Top Tips for Buying Gold in 2016

Buying gold should be on most investors' "to do" lists, if it hasn't been done already. Gold has long been hailed the best way to hedge investments over the long haul. It's a tangible metal that is able to retain its value over time and endure the ...

Published:  Mon, 25 Apr 2016 12:03:00 GMT



Stan Druckenmiller: The Fed has no end game, and now 'the chickens are now coming home to roost'

Markets do have an end game though. While Druckenmiller didn't explicitly give an investment recommendation, he did strongly hint at buying gold. "Let me throw this one at you," he said. "My hint is what is the one asset you did not want to own when I ...

Published:  Wed, 04 May 2016 15:16:00 GMT



6 Unique Ways To Buy Gold This Akshaya Tritiya

Despite the fluctuation in gold prices in recent years, there are still hopes that buying gold on an auspicious day will welcome good fortune. These bonds are in the form of government securities and largely work as certificates, which are denominated in ...

Published:  Thu, 05 May 2016 03:43:00 GMT



Money Money Money: Is this the right time to buy gold?

Watch the interview of Harsh Roongta, SEBI registered Independent Financial Advisor with Surabhi Upadhyay on CNBC-TV18, in which he shared his reading and outlook on buying gold on the occasion of Akshay Tritiya.

Published:  Tue, 03 May 2016 09:36:00 GMT



Gold price is party pooper

As people had burnt their fingers by buying gold at Rs 30,000 levels earlier, experts believe that they might wait for the price to come down. The precious metal had climbed above $1,300 per ounce in the global market on Monday for the first time since ...

Published:  Tue, 03 May 2016 13:09:00 GMT



Euphoria Evaporates From The Australian Economy

Including: how to buy gold bullion, what the latest gold price moves mean and buying gold stocks. Go here for more. Silver Gold's poorer cousin - or is it? Whilst the silver market is highly volatile, this means you can also buy silver at a bargain ...

Published:  Wed, 04 May 2016 20:55:00 GMT



The Next Technical Price Targets For Gold And Silver

Buying gold and silver offer different rate of returns to the investors. If an investor is able to time both the precious metals, then the total returns will be "˜astronomically high' in the future. My timing "˜cycles' provide signals both for the ...

Published:  Sun, 01 May 2016 06:12:00 GMT



 

 

 

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