Where is the best place to buy gold? 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.
Subpar
GMR Gold is based in Texas and bills its service as a way for investors to diversify their portfolios. They specialize in advising customers on how to hold precious metals as part of an IRA, among other vehicles, and offer free expert consultations via phone to help in the decision-making and learning process.
Not easy to shop
Browsing the selection at GMR Gold isn't the smoothest experience. When we tried to view all gold products sorted by price, we got a random arrangement of items that definitely weren't organized from low-high or vice-versa. It did let us see that they offer a 2-gram gold bar for $164.95 and a 1-kilo RCM gold bar for just under $68,000, but we were frustrated by the overall lack of organization. We were also mystified to see items listed as in stock but priced at $0, like the 4 X 10 GRAM BITGOLD CUBE .9999 PURE AU. But, as we browsed (albeit with a bit of irritation), we found interesting items like a gold game controller and guitar (imagine something like a charm for a bracelet without the links for attaching them).
Subscription box
One novel feature offered by GMR Gold is the Bullion Box. If you're a fan of subscription boxes in general and would like a "set it and forget it" way of buying gold and other precious metals, this could be the perfect choice for you. You'll have to click around a little to get the details - the link at the bottom of the GMR Gold shop wasn't working, and we had to go through the Expertise dropdown at the top of the site to find it - but FYI, monthly pricing ranges from $59 to $500. Just keep in mind that it's a separate website from GMR Gold's, but the same company behind it.
Shopping isn't easy
There were a few more glitchy things we encountered as we browsed the GMR Gold website. For example, there was a big promo at the top of the site offering $200 off monster boxes with a given code - but no link to those boxes or any way of figuring out what they were. Even searching for "monster" led to no results. We also got 404 errors when trying to click to GMR Gold's Ordering Policies, Market Loss Policy, and most of the other informational pages at the bottom of the shop.
Website construction is sloppy
Because we at Top Consumer Reviews are nothing if not thorough, we dug even further and noticed that all of these errors... mysteriously disappear when changing from a resized browser window to full-screen. And then, going to the Shop site via mobile, some problems persisted - "Your Story" where it should read "Our Story", for example - but the 404 errors disappeared. Our resident web development expert said that it indicates that GMR Gold's content management isn't coordinated correctly with some mobile views, and that the company isn't on top of how their site is viewed across different screen sizes. Take that how you like!
Not recommended
Add all of that together, plus a "Not Rated" designation from the Better Business Bureau (which was exactly the same as our previous evaluation over a year ago), and you'll understand why we had no choice but to put GMR Gold at the bottom of our list. Gold is no small investment, and to have so many broken links for important details is a big red flag. Sure, there are hundreds of five-star reviews on Trustpilot, but most of those came from several years ago. That leaves us feeling hesitant to trust GMR Gold with our money now, and we recommend that you also exercise caution before investing here.
Continued from above...
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.
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!
Compare Any 2 Products
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.
Top Products.
Top Reviews.
Top Consumer Reviews.
Reviews
Browse through thousands of reviews.
Social Media
Like us? Follow us! We'd love to have you join our community.
Newsletter
Stay up to date with the latest reviews. We'll keep you informed, and we'll never sell your information to anyone.
