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If you're interested in buying gold, you're not alone. Buying gold online has seen a surge in popularity over the last few years. Several factors have converged to make this option increasingly attractive for investors and consumers alike.
Of course, buying gold has been a popular investment and store of value for centuries. One primary motive is as a hedge against economic uncertainty. In times of financial instability or inflation, investors seek assets with intrinsic value and a history of retaining worth. Gold, with its enduring allure and historical significance as a store of value, becomes an attractive option.
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Silver Gold Bull, located in Calgary, Canada, is a highly regarded precious metals dealer with an extensive selection of over 1,400 gold items, offering a wide price range that will appeal to diverse investors and a best price guarantee for extra peace of mind. They provide various payment options, including discounts for wire transfers and checks, with no minimum order requirements. Silver Gold Bull gives you free shipping on orders over $199 and the option for storage in their depository, with the first three months free. Silver Gold Bull maintains an excellent reputation with an "A+" BBB rating and hundreds of thousands of positive customer reviews, earning its place as the top choice for gold investors.
London-based BullionVault has been providing gold trading and storage services since 2005, catering to over 100,000 active customers from more than 175 countries, safeguarding around $4 billion worth of stored bullion. Opening an account is free, and there's no minimum investment requirement, though they advise against investments below $2,000 due to storage fees. They charge commissions based on the amount of gold you purchase. BullionVault offers options for safekeeping, including vault storage in multiple global locations. You can easily withdraw your gold, with fees for different methods. Customer support is available during UK office hours, and BullionVault enjoys a positive reputation, with nearly 2,000 five-star reviews on Trustpilot. It's a user-friendly platform for both novice and experienced gold investors, making it one of our top recommendations for buying gold.
Golden Eagle Coins' origin dates all the way back to 1974. With an extensive selection of gold coins, bars, silver coins, and more, they offer discounts for wire transfers, checks, and Bitcoin payments. Remarkably, they don't charge commission fees. While they lack storage options, this company shines with an "A+" rating and accreditation from the Better Business Bureau, and over 96% of their 26,000 reviews are 4- or 5-star ratings, attesting to their quality, pricing, and customer service. Golden Eagle Coins is an excellent choice for gold investors.
BGASC, which stands for "Buy Gold and Silver Coins," offers a variety of precious metals, including gold, silver, platinum, and copper. They focus primarily on coins and bars, featuring standard options like American Eagles, American Buffalos, and more. Prices are competitive, with a 4% discount for check, e-check, or wire transfer payments. However, they do not provide storage solutions for purchased metals. Despite their "Not Rated" BBB status, investor reviews are overwhelmingly positive, highlighting competitive pricing and excellent customer service. BGASC is a solid choice for buying gold and other precious metals if you prefer coins and don't require storage options.
Established in 2010, Money Metals Exchange focuses on precious metals like gold, silver, copper, palladium, platinum, and rhodium. It was born in response to the inflated prices of "rare" coins promoted by national advertisers, often marked up by 50% or more above their intrinsic melt value. The company's central goal is to make precious metals more accessible to regular investors, offering them closer-to-melt-value prices, recognizing that rare coins are more suitable for experienced collectors with substantial resources. They provide a distinctive subscription service for regular precious metal deliveries and secure storage in their Idaho depository. Despite some website navigation challenges and mixed customer feedback, Money Metals Exchange gets a solid rating for its innovative approach and commitment to equitable pricing.
JM Bullion, founded in 2011, has grown into one of the world's largest precious metals retailers, shipping over 60,000 orders monthly from an extensive selection of gold items that include coins, bars, and jewelry. They provide discounts for check, wire, and crypto payments and offer free shipping on orders surpassing $199. Storage options are available through a partnership with TDS Vaults, allowing you to keep your gold secure off-site. However, JM Bullion's reputation presents a mix of positive and negative reviews, with some customer complaints related to rude service and delivery discrepancies. While they maintain an "A+" rating with the BBB, considering the competition, JM Bullion might be worth exploring as an alternative rather than a primary choice for purchasing gold.
GoldClub Direct is changing the way people buy gold, offering a more cost-effective and accessible approach. They provide a range of gold options with no minimum investment requirement and discounts for crypto and bank wire payments. Their maximum online order limits vary based on the payment method, ranging from $20,000 to $450,000. While they promise free shipping on orders over $199, details about storage are less clear. Established in 2020, GoldClub Direct holds an "A+" rating and accreditation from the Better Business Bureau. Due to their relative newness and limited customer feedback, they receive an average rating from us as an option for buying gold.
Universal Coin & Bullion, established in 1995, specializes in rare coins, primarily focusing on American gold coins with a limited selection of international options. While they offer decent educational resources, the site's gold inventory is quite limited, with frequent out-of-stock items and delivery times of a month or more. Also, their one-item limit per gold coin type may deter large-scale investors. Universal Coin & Bullion holds an "A+" rating and accreditation from the BBB, but customer reviews vary: you'll find positive comments on pricing but complaints about customer service and website functionality. Universal Coin's limited inventory and customer service concerns may not make them the best choice for most gold buyers.
Golden State Mint, a family-run business in Central Florida with over 45 years in the precious metals industry, offers a limited inventory of precious metals like gold, silver, platinum, and palladium. Unfortunately, most of their products are "filling prior orders only," with only nine available options. While they provide free shipping for orders over $199 and offer a 10% military/veteran discount, the slim inventory and lack of storage options may not meet the expectations of most investors. Despite an "A+" rating and accreditation from the Better Business Bureau, Golden State Mint has us thinking you should probably explore other higher-ranked options for buying gold.
GMR Gold specializes in helping investors diversify their portfolios with precious metals. Based in Texas, they offer free expert phone consultations and a variety of gold products such as coins, rounds, bars, and unique items. A subscription service called Bullion Box is also available for monthly precious metal purchases. While their product range is decent, with prices ranging from $72.50 to $68,000, the website's browsing experience has issues, depending on how you access the online shop. GMR Gold has a "Not Rated" BBB designation, and we've got concerns about their reliability. Exercise caution when considering GMR Gold for your investments.
Regardless of global economic conditions, investors also buy gold to diversify their portfolios. This spreads financial risk across different asset classes, which can strengthen a portfolio. Additionally, gold has intrinsic value, as it's used in industries like jewelry and technology, creating demand that can support its price.
In recent years, online platforms have made it easier for people to purchase gold from the comfort of their homes. Buying gold online offers several advantages. First, it provides convenience. You can research, compare prices, and make purchases anytime, anywhere. Online platforms typically have a wider selection of gold products, from coins to bars, making it easier to find the exact type of gold you want.
Reputable online retailers typically offer lower premiums over the current market price, making it a cost-effective choice. And, of course, online transactions are secure and transparent, with most dealers offering multiple payment and delivery options.
So, if you're interested in buying gold online, where do you go? There are so many options out there, and not all of them are as reputable. As you consider which platform to use for your purchase, keep these factors in mind to make a comparison:
Buying gold online can be a practical and secure way to invest in this precious metal. To help you in your gold buying search, we here at Top Consumer Reviews have researched and ranked today's most popular sites to buy gold. We hope this information makes it easy for you to get the gold you're looking for!
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