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Best Places to Buy Gold and Silver Online

Research is at the core of what we do. Because more and more people are becoming interested in investing in precious metals, we have to find the best places to buy gold and silver online. We wanted to know which gold dealer was the best and which online dealer was trustworthy.

We have researched many of the best online gold dealers and found information is sometimes hard to come by. The data is often scattered and sometimes erroneous.

In this guide, we want to help you learn about reputable online gold dealers so you can select the best one to meet your needs. When investing in your financial future, you cannot afford to put your money into the wrong hands.

With so many online dealers of precious metals, it can sometimes become challenging when you want to buy physical gold. Who can you trust, and which company offers free shipping? The answers to these questions might surprise you.

Is It Safe to Buy Gold and Silver Coins Online?

Buying gold and silver coins online is just as safe as any other purchase. The important thing to remember is that you should only buy from a reputable gold dealer. Before buying from anyone, including the Money Metals Exchange, always do your research.

You could be scammed if you buy precious metals at JM Bullion and other companies without doing your homework. Make sure you check the BBB rating of companies like SD Bullion. If these companies have a poor rating, steer clear.

When you buy gold, you want to ensure the company has a solid reputation. Read customer reviews, specifically those related to the purchase of coins and silver bars. Do not blindly purchase from any company, including the American Precious Metals Exchange.

The best place to purchase silver online is Goldco. When researching the options, you will come across many names, including SD Bullion, JM Bullion, and Money Metals Exchange.

Although these are good companies and do not appear to be scams, Goldco reigns supreme for a good reason: They offer an excellent selection of silver coins, silver bullion, and silver bars for investors.

Again, we have to recommend Goldco for purchasing gold bars and gold coins. You may even find rare coins here from time to time, depending on their current inventory.

Companies like JM Bullion, SD Bullion, and the Money Metals Exchange simply cannot offer the level of customer service provided by Goldco. Goldco offers fair prices and a wide selection of Golden Eagle coins, among many other precious metals.

What to Look For in Online Gold Dealers

Whether you choose Goldco, Birch, Augusta, Hartford Gold, Noble, JM Bullion, SD Bullion, or the Money Metals Exchange, there are some things you need to consider. It is important to remember that not all bullion dealers are created equal.

As you begin to research, you need to compare what each company offers and its reputation. Ask yourself, “Does JM Bullion offer fair prices on gold and silver bars?”

Consider the following values when choosing bullion dealers:

When choosing a gold bullion company, go with one that has been around for years and brings great experience to the table. For instance, Goldco has been around since 2006, giving them many years to develop a strong reputation in the US. If you select a new company, you are not going to be able to research customer reviews. You also may never receive the expert service required to help you invest in a gold and silver IRA.

While this may not seem like such a big deal, it is. You need to select a gold and silver company that has a physical headquarters location in addition to an online presence.

You should search for traceable headquarter locations and phone numbers. If you cannot find this information, you should be wary.

Did we mention reputation? When considering any silver bullion company, reputation is one of the most significant factors. What kind of reputation do companies like JM Bullion and SD Bullion have?

Reading customer reviews is an excellent way to gauge the trustworthiness of a company. After all, when it comes to money, people are quick to share their bad experiences.

You should be concerned if you read a bunch of poor reviews on the company. Looking for dealers with mostly 5-star reviews will ensure the company is a reputable gold dealer you can trust.

It would help if you also inquired about the selection. What do companies like JM Bullion and SD Bullion offer? Can they offer the same gold and silver selection as companies like Goldco and Augusta?

A good dealer should offer a range of gold and silver products. You should be able to purchase coins, bars, bullion, and more. Some companies even offer jewelry, in addition to silver/gold bull.

The gold industry is highly competitive, so it is essential each company works to rise above its competition by offering the best services. When you are interested in investing in silver bars and gold coins, you will want to ensure the company will guide you through the process.

Companies like Goldco offer expert guidance every step of the way. When you buy gold and silver, you will not have to worry about the stress of your IRA. They work with the best custodians and depositories to meet your needs.

You should first see which companies the dealer partners with. Goldco, for instance, is partnered with the Equity Trust Company – one of the most trusted gold IRA custodians in the United States.

You also need to know which depositories the dealer uses. You will need to know if you will be responsible for securing your own depository.

Although the cost should not be your deciding factor, it is definitely something to consider when purchasing gold and silver coins. After all, you do not want to pay exorbitantly higher prices than the spot price.

When you begin investing in a precious metals IRA, there will be fees. The following are some of the fees you will need to be aware of as you start to buy gold and silver for your IRA:

  • A one-time account setup fee
  • An annual maintenance fee
  • An annual fee to the depository for storage
  • Transactional fees

Some companies are not as forthcoming as others about their fee structures. Dealers may also not list prices on their silver coins or gold bars. You will have to call and speak with a representative to know the prices and fees for these companies.

When considering a company's fees, you also need to learn about the shipping options. Does the company offer free shipping, or is there a charge? Some companies offer free shipping on orders that reach a certain threshold amount. Know this information before you get started.

Not only do you want a dealer who offers diversity in their selection, but you may also want to consider buying from more than one dealer. For instance, you could work with a company like Goldco and purchase from local gold stores and pawn shops, giving you more opportunities to purchase silver bullion and money metals.

A Basic Guide to Investing in Precious Metals

If all your retirement money is tied up in the stock market, a crash could send you reeling. Are you losing money daily in your 401K? Many people are diversifying their investment portfolios by buying silver rounds and foreign coins.

You can invest in gold, silver, platinum, and palladium through a precious metals IRA. These retirement accounts offer tax advantages. Depending on the account type, you can obtain tax advantages with each contribution or distribution.

Before we delve further, you need to know the different types of precious metals like silver, gold, and bullion. Once you know the options, you can begin to buy precious metals online and feel confident in your purchases.

Investing in Silver

Silver is a popular choice among investors because of its high industrial demand. Although it does not have the same value as gold, it can remain a good investment choice. Silver is especially a sound investment for those who are just getting started and cannot afford the spot price of Golden Eagle Coins.

Silver Coins

Many silver coins have been minted throughout history. The following are some of the best silver coins to invest in right now:

  • American Silver Eagle
  • Mexican Silver Libertad
  • Canadian Silver Maple Leaf
  • Australian Silver Kangaroo
  • British Silver Britannia
  • Chinese Silver Panda
  • Austrian Silver Philharmonic
  • South African Silver Krugerrand

Junk Silver

There is also the option of investing in junk silver. Junk silver is old US currency that contains real silver, such as United States half-quarters, dimes, and quarters that were all minted before 1965. Although these are called junk silver, they are anything but. Junk silver is an excellent way to get started in investing in silver.

Silver Rounds

You will find silver rounds are popular among collectors. These privately minted pieces look like coins, but they are not legal tender. Right now, the most popular silver round in America is the American Silver Buffalo, though there are other collectible options.

Investing in Gold

Gold is an excellent choice if you are interested in investing in precious metals. Gold is the most valuable metal on the planet and retains its value even in times of financial downturn. There are many ways you can invest in gold, including the following:

Gold Coins

Gold coins have been minted throughout history. Buying gold coins can help you grow your retirement savings. The following offers a list of some of the most popular gold coins available for investment right now. These money metals can help you diversify your investment portfolio:

  • American Gold Eagle
  • British Gold Britannia
  • Chinese Gold Panda
  • Canadian Gold Maple Leaf
  • Austrian Gold Philharmonic
  • Australian Gold Kangaroo
  • British Gold Queen's Beast
  • South African Gold Krugerrand
  • Mexican Gold Libertad

Gold Rounds

Like silver rounds, gold rounds look very much like coins but are not legal tender. The American Gold Buffalo is the most popular gold round at the time of this writing, though there are many other choices as well.

Copper

Copper is another precious metal that is a part of collecting silver, gold, bull. Copper comes in rounds, bars, and coins and is one of the most affordable precious metal options available for investors.

You may be wondering why anyone would want to invest in copper. The answer is that it is in high demand, and the copper supply is rapidly diminishing. You should consider adding copper to your investment strategy.

Investing in Platinum and Palladium

Platinum and palladium are two other precious metals available at competitive pricing. Platinum is the most precious because it is 15 times rarer than gold and much more valuable. If you want to invest in platinum, you will usually find it sold in minted coin form. The United States, Australia, and Canada all mint platinum coins.

Palladium is even rarer than platinum, being 30 times rarer than gold. These metals are both so rare that many investors shy away from them. If you do purchase platinum or palladium coins, make sure you ask about a professional coin grading service.

Is It Better to Buy Gold Coins or Bars?

This question gets asked a lot and is challenging to answer. The answer to whether you should buy gold, silver coins, or bars depends on your investment goals. Your purchase of gold/silver will also depend on your budget.

If you are on a budget, you will find it cheaper to buy bars, but if you want to cash in big after retirement, coins will typically give you a larger payout in the end. Many investment experts agree it is best to hold on to smaller gold/silver bars and coins because it gives you more leverage if you need to make quick cash and do not want to sell a lot of your inventory. If you can find fine gold coins, these will help you reach your investment goals for the future.

How Much Gold/Silver Should You Own?

While everyone can benefit from investing in gold/silver that a numismatic guaranty corporation has graded, it is important to invest in the correct percentage. Some people go overboard and put all their money into metals. It is unwise for anyone to put all their eggs into one basket.

If you hinge your entire investment on one commodity, you are more at risk. Investing in metals is all about diversifying your investment portfolio so that it is not all tied up in the stock market.

Precious metal experts typically agree that investors should invest at least 5% and up to 25% in metals. You should work with a financial expert who can help you obtain the right percentage of gold/silver for your needs.

FAQ About Buying Gold and Silver Online

We have given you a lot of information to ponder. You know the best companies for buying gold, silver, platinum, and palladium. Whether you want to purchase collectible coins or buy gold bars, you need a reputable dealer that offers low prices.

We understand new investors often have a lot of questions. You may be wondering how to get started and which companies offer free shipping. The following are some of the most frequently asked questions regarding investing in gold, silver, platinum, and palladium:

The most trusted place to buy gold and silver is Goldco. We listed them as number one in our top five companies that sells gold. You will find Goldco places customer service at the top of its list.

When you buy silver or gold from them, they guide you every step of the way and offer free shipping on qualifying orders. Goldco sells gold and a variety of precious metal offerings, including gold, silver, platinum, and palladium. They offer some of the industry's lowest prices, though they have higher investment minimums than some dealers.

 

View Current Goldco Offers

Goldco is the best site for buying gold online. They have a large selection of gold, silver, platinum, and palladium. If you want to buy silver or gold coins, this is the dealer to trust.

 

View Current Goldco Offers

Goldco.com is a good website for buying silver. Once your account is funded with a wire transfer, you will be ready to purchase gold, silver, platinum, and palladium.

 

View Current Goldco Offers

It is safe to buy silver online as long as you do your homework first. Make sure you research dealers to ensure you are working with a reputable company. Not all gold dealers are created equal.

We have conducted countless hours of research and have discovered our top five picks. You can rest assured that any of the above will offer you excellent service and help you invest wisely. Whether you are investing in a gold IRA or a private collection, they will help you find gold coins.

Money Metals Exchange is not a scam. The company is not better than those we listed above. Many people have written complaints about this company, so we cannot advise anyone to use them. There are far better dealers out there.


Final Thoughts

When it comes to the best places for buying gold and silver online, you cannot go wrong with Goldco or any of the dealers we have listed above. Before you purchase from any online dealer, check out the reviews and learn as much as possible about the terms and conditions.

Investing in metals allows you to diversify your investment portfolio. Metals hedge against inflation, protecting your investments and securing your retirement future.