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Tuesday, January 21st
Golden State Mint, located in Central Florida, has been involved in the precious metals business for over 45 years as a family-run operation. They pride themselves on having the shortest lead times in the industry and affiliations with various respected organizations like the International Precious Metals Institute and the Token and Medal Society. They specialize in minting copper, silver, gold, platinum, and palladium, offering unique collections such as buffalo, Chinese zodiac, and more.
Lots on the list, but little available to order
Unfortunately, you're likely to be disappointed with the selection at Golden State Mint. That might not happen right away: you'll see Valcambi Gold CombiBars, PAMP Suisse gold bars, American Gold Eagle coins, and even "wearable wealth” gold bracelets on offer. Sounds great! But, when you start to browse, you may discover that almost everything listed is designated as "filling prior orders only”. At the time of this review, there were only 9 options available for purchase, ranging from $2,000 gold coins to $64,000+ gold bars.
Military discount
On the positive side, you won't pay shipping for any of those purchases: GSM gives you free delivery on orders of $199+, which encompasses everything we saw in their inventory. Also, if you're an active or veteran member of the US military, you're eligible for a 10% discount on your purchase. Just click the "Military Discount” link at the bottom of the site and follow the instructions for verifying your info.
Current prices added
Another small win for Golden State Mint is that they've added a ticker at the top of the site, to keep investors informed as to the current rates for gold, silver and the G/S ratio. That's an upgrade since our previous review.
Good reputation but not many reviews
We have no concerns about this gold retailer's reputation, either. The Better Business Bureau gives Golden State Mint a perfect "A+” rating and accreditation, and the small handful of investor reviews we discovered were all enthusiastic as well. There's just not a lot of them to consider (at least, not independent feedback beyond the testimonials page offered by GSM).
Too limited
However, at the end of the day, Golden State Mint is going to come up short for most investors. They don't have enough options in their inventory to attract collectors, there's no option for storage for anyone that doesn't want to keep their gold in their home safe (or under a mattress), you get the idea. The military discount might be appealing if that applies to you, or if you prefer to work with a smaller family-owned business, but for everyone else we'd recommend looking at the higher-ranked options on our list for buying 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.
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!
Select any 2 Sites to Buy Gold to compare them head to head