Where is the best place to buy gold? If you're looking for ways to invest, there are plenty of options out there. These days, you can get all sorts of digital currency, online trades, and art pieces that can increase your portfolio. But if you're looking for tangible assets (or even just something shiny because you like it), one of the best ways you can turn your cash into something worthwhile is to buy gold. So, if you're looking to keep your wealth somewhere safe, gold is the way to go - whether you want jewelry, coins, or a variety of other bullion.
Subpar
BGASC, otherwise known as Buy Gold and Silver Coins, is an online buy gold store known for its precious metals. Not only can you buy gold coins and bars, but you can also find silver, platinum, copper, and more on this site. BGASC is particularly helpful as it lists the country of origin for the gold without needing to click on a listing. However, the browsing experience on BGASC isn't the most intuitive. There are no easy filters or ways to organize the listings other than by weight (starting from lowest to highest), so you might need to be prepared for a decent amount of scrolling as you browse.
Somewhat limited inventory
BGASC's gold is separated out into bars and coins. You can get American gold coins, coins from before 1933, Canadian gold coins, British gold coins, South African Krugerrands, and Australian gold coins. Gold bars at BGASC range from less than 1 oz up to 1-kilo gold bars. Notably, many of the gold coins were listed as out of stock at the time of our review, making it more difficult to actually buy gold than on some sites with higher inventory. For example, under coins, there were only 11 Krugerrands available at BGASC.
Prices from $4,549,69 to $4,889.19 per oz
For our price comparison, we're going to look at 1 oz gold bars, 1 oz gold American Eagles, and ¼ oz Gold Krugerrands at each store to buy gold. At BGASC, the prices we found included:
Fully insured during shipping
BGASC's shipping is notably fast, with gold traveling on its way within 4 business days. You can select different payment methods when you buy gold, which have some limitations. For example, credit cards can only be used to a maximum of $250,000. Other methods, like bank wire, allow up to $1 million. According to the shipping details, BGASC insures all packages privately for the full value regardless of carrier or shipping method. BGASC does not allow UPS Will Call for security reasons. BGASC's shipping is free, and you will get tracking information (a signature is required to take possession).
Recent reviews show concerns about shipping problems
BGASC currently holds an "A+" rating from the Better Business Bureau as well as full accreditation. On top of that, this buy gold site shows a 4.2-star average rating out of 5 on Trustpilot. Some reviews praise the ease of buying on BGASC with high-quality gold and quick shipping. However, there were several recent one-star ratings with complaints about shipping that wasn't trackable, poor insurance coverage, and issues with items never being shipped at all. While the majority of reviews don't show this many problems, almost all recent reviews over the past few months do. For this reason, we're wary that BGASC might have a falling reputation.
Not worth the security problems
BGASC used to be a top-rated choice for buying gold, but it's just not as competitive these days. With recurring complaints in recent weeks about shipping errors, missing orders, and difficulty using the insurance, the security at BGASC isn't as reliable as with other buy gold sites. On top of that, the inventory just isn't as robust. With fewer gold items in stock than its competitors, it just doesn't stack up. For these reasons, BGASC earns a lower rating in our review.
Continued from above...
If you're looking for ways to invest, there are plenty of options out there. These days, you can get all sorts of digital currency, online trades, and art pieces that can increase your portfolio. But if you're looking for tangible assets (or even just something shiny because you like it), one of the best ways you can turn your cash into something worthwhile is to buy gold. So, if you're looking to keep your wealth somewhere safe, gold is the way to go - whether you want jewelry, coins, or a variety of other bullion.
The primary reason many people seek gold as an investment is that it has intrinsic value. With a limited global supply of gold, it acts as a stable and long-term way to store your wealth. Rather than traditional currency or bank accounts, you're not relying on stock markets or financial institutions to ensure the value of your money. Gold will always have value, even if the price changes from time to time. It's also considered a "crisis commodity," which means that your gold will increase in value during times of political instability or conflict: as it's not tied down to any one currency, it will become more easily tradable across borders.
If you're worried about finding worthwhile gold, don't be. There are tons of sites that make the ability to buy gold online a breeze. You don't have to go to gold consignment stores or drive around to antique shops to get the real deal. Online dealers have solid security, impressive pricing, and secure and insured shipping, so you can trust that your gold will make it easy to increase your portfolio from the comfort of your home. Bullion shops should provide you with detailed info on the current spot price (the current market price for the gold per ounce) and the purity of the gold you're buying. So, 24-karat gold will be the closest to the spot price as it has the purest gold in it.
Most solid sites to buy gold also have value calculators and price charts to help you keep up with the numbers. You'll know you've found a good site to buy gold if you feel informed on every part of the pricing, value, and cost. You should always feel safe buying gold, so sites with lots of buzz and traffic are good to look for too. These bullion sites tend to have better reputations since they serve so many customers. Plus, in some cases, you can actually store your bullion with some of the sites you buy gold from, making it easier than ever to protect your new assets.
If you're ready to get some gold in your home safe and a bit of extra security for your money, we totally understand. It can be hard to decide where to buy gold with so many helpful online bullion stores. So, to give you confidence that you're choosing the right place to buy gold, we've got some factors to guide your gold-acquiring adventures:
To make sure you have the best possible experience with your online journey to buy gold, Top Consumer Reviews has researched and ranked the best options on the market today. Now, you can have fun increasing your portfolio with a tangible asset or adding to your fortune with wearables you can enjoy for years to come, with the extra security gold offers. Enjoy your shiny new investments!
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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.
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