Secure your family’s future by investing in gold and silver producers or purchasing real bullion of these valuable metals. Compare trustworthy online merchants and begin investing today.
JM Bullion is an online bullion dealer that provides a diverse range of precious metal goods at cheap prices. The company was created in 2011 and is headquartered in Dallas, Texas.
Parent organization: A-Mark Precious Metals
Subsidiaries: Provident Metals, BullionMax, Silver.Com, Inc., MORE
Founders: Michael Wittmeyer, Jonathan Wanchalk
Founded: 2011
Shipping policy: Free over $199
Storage: Through a partner
Return policy: Within 5 business days of delivery
Pros
Low shipping prices and a low free shipping threshold.
The purchasing site is clean and simple to use.
Several hundred thousand good evaluations.
Cons
Does not sell overseas.
If returned, the buyer is liable for market losses.
Why Choose JM Bullion?
JM Bullion, an online reseller of precious metals items, was founded in 2011. We only deal in real bullion, offering gold or silver that is delivered to your home.
Our priority is to provide high-quality items. JM Bullion works directly with mints and distributors, and we thoroughly verify all new inventory to ensure that our customers receive high-quality items.
JM Bullion is based in Dallas, Texas, USA. We have proper and full accreditation from the state, federal government, and distributors alike.
Customer service has always been, and will continue to be, our first focus. If you have any questions concerning prospective orders, orders in process, or completed orders, please contact our phone, live chat, or email support for a timely response. We are always eager and able to help you with an existing order or answer any queries you might have.
2. APMEX Company
APMEX is a precious metals firm that provides a wide range of products at low rates, high-quality standards, and fast delivery. Scott Thomas created APMEX after initially selling coins on eBay and subsequently moving his business online.
Founded: 2000
CEO: Kenneth Lewis (Jun 2015–)
President: Scott Thomas
Headquarters: Oklahoma City, Oklahoma, United States
Shipping policy: Free for orders $199 and up
Storage: Through a partner
Return policy: 7 days (10% restocking fee, minimum $50)
Pros
Low shipping prices and a low free shipping threshold.
The purchasing site is clean and simple to use.
Several hundred thousand good evaluations.Cons
Does not sell overseas.
If returned, the buyer is liable for market losses.
Why do business with us?
Scott Thomas, APMEX’s founder, became interested in coins at a young age while working with his grandfather’s collection. Six months into the eBay operation, as coin inventory swelled, there was a demand for a larger facility and a stronger online presence. Customers supported the transition and continued to buy and sell the products on APMEX.com. Since moving online, we have prioritized our customers’ experience with our site and products, and APMEX has grown to become one of the nation’s largest online Precious Metals firms.
Why Buy Precious Metals from APMEX?
APMEX, the largest precious metals dealer in the United States, understands the demands of gold and silver investors. With over 20 years in business, APMEX distinguishes itself by great customer service, unrivaled product quality and alternatives, and a brain trust of resources to assist customers in constructing their ideal investment portfolio.
3. BGASC
Shipping policy: Free over $199
Storage: No
Return policy: Within 5 business days of delivery
Pros
Best selection of gold coins.
Competitive pricing for gold coins.
Excellent client support.
Strong online reputation
Fast shipment.
Cons
Limited payment options
Limited bullion offering
No live chat
Why We Chose It
As the name says, BGASC (Buying Gold and Silver Coins) is one of the top sites for purchasing gold bullion coins at reasonable costs, earning our recommendation for the best online gold dealer for coins.
Overview
Although BGASC provides a full range of gold products, its principal focus is on selling gold bullion coins. It has a large assortment of coins, very affordable prices, and good customer service.
BGASC has established a solid reputation, particularly as a gold coin dealer. In addition to a superb assortment of all the fundamental standbys—such as American Eagles, Canadian Gold Maples, South African Krugerrands, Pre-1933 U.S. Gold, and Australian Gold Kangaroos—it keeps a vast inventory of premium and rare medals, coins, and paper currency. Numismatics refers to the study and collection of rare materials. Additionally, BGASC provides gold bars in all conventional sizes.
The company’s products are also competitively priced. It’s 1 oz. Gold American Eagle Coin was the cheapest among the suppliers in this report.
One disadvantage of BGASC is its restricted payment alternatives. Currently, it only accepts paper checks (up to $100,000), PayPal (up to $10,000), credit and debit cards (up to $10,000), and bank wire transfers (up to $400,000).
Shipping is free on orders of $199 or more. BGASC provides a five-day return policy and will purchase gold and silver from you at the current values posted on its website.
Customer reviews also commend BGASC’s customer service, citing knowledgeable representatives and quick response times (albeit there is no live chat). Customer assistance, like that of most other online gold dealers, is available throughout normal business hours.
BGASC is a Certified Coin Exchange (CCE) member and an NGC-recognized dealer.
4. Money Metals Exchange
Shipping policy: Free over $199
Storage: Yes
Return policy: 3 days (5% restocking fee)
Pros
Competitive price.
Free shipping on items worth $199 or more.
Automated monthly savings plan.
Cons
Purchasing limits apply based on your payment method, and some are quite low.
Why We Chose It
Money Metals Exchange ranks first in this category because it offers the greatest buyback pricing among its competitors.
Overview
Money Metals Exchange was founded in 2010 and has quickly grown to a customer base of over 500,000. Its customer-centric approach has resulted in highly competitive pricing, customized service, a pipeline for new investors, and one of the greatest internet reputations.
Customers may easily surf its website to purchase coins and bullion by category and weight. Beginning investors can get their feet wet in gold investment by setting up an automatic monthly savings plan for $100 each month. They advertise a price as low as $105 over spot prices for a 1oz Gold American Eagle Coin.
Money Metals holds your pricing for 10 minutes while you complete inputting your information and payment method, which can be a bank wire transfer, bitcoin, credit or debit card, money order, PayPal, or cheque. Orders made with PayPal or credit card include a 4% processing fee. All payment methods have varying purchase restrictions. Card transactions are limited to $1,700, PayPal to $3,000, and ACH to $10,000. Other approaches have significantly higher limits.
Shipping is free on all orders over $199. The delivery price for items under $199 is $7.97. Money Metals has a three-day return policy and may charge a 5% restocking fee for credit card orders. The dealer also has a buyback program, claiming to pay the highest price among its competitors.
Money Metals provides vault storage in Delaware, Idaho, and Massachusetts using Class 3 vaults. Your metals are completely segregated and fully insured. They also offer responsive customer care throughout business hours through live chat, phone, or email. Its website also has a vast resource library to help new investors learn and seasoned investors keep current in the market. Money Metals also provides price notifications to clients who are waiting for the right price to buy.
5. SD Bullion
Shipping policy: Free over $199
Storage: Yes
Return policy: 3 days (5% restocking fee, minimum $35)
Pros
Low-price guarantee
Low-cost direct storage
Solid online reputation
Cons
Three-day return policy
Stiff order cancellation fee
The product offering is somewhat limited
Why We Chose It
SD Bullion offers lower prices than the other dealers on this list, which it backs up with a low-price guarantee.
Overview
If a dealer claims to be the “lowest cost” online gold dealer in the United States, it should back it up with a low-price guarantee, which SD Bullion does.
SD Bullion sells a wide range of precious metals, including gold, silver, platinum, copper, and palladium, but its product offerings are more limited than those of its main competitors. SD Bullion is unrivaled for investors looking for the greatest value, regardless of brand.
The company provides free shipping on orders above $199 ($9.95 fixed cost on orders under $199). As previously said, it offers excellent prices, and if a consumer finds a lower price than SD Bullion’s, the dealer will match it.
If payment is not received by the payment date, your purchase will be charged a market loss fee, a 5% cancellation fee, and SD Bullion’s collection fees. SD Bullion provides a wide range of payment alternatives, including:
Bitcoin (up to $250,000)
Cashier’s check (up to $20,000)
Credit or debit card (up to $5,000)
E-check (up to $10,000)
PayPal (up to $5,000)
Personal check (up to $20,000)
Wire transfer ($20,000 and up)
Payments made using PayPal and credit cards incur a 4% processing fee, while Bitcoin incurs a 1% cost. If you want to store your gold, you can open a storage depository account with SD Bullion, which is completely insured by Lloyd’s of London. The first three months are free; after that, storage prices start at $9.99 a month, depending on how much is stored.
Returns are allowed within three days of delivery; however, refunds are not guaranteed. SD Bullion will decide if it will accept your return request. SD Bullion charges a stocking fee of 5% of the purchase price or $35, whichever is larger, and may compel you to cover the cost of any market loss. SD Bullion will buy your gold, but buyback pricing is not advertised. SD Bullion issues payments within one to three days of receiving the item.
SD Bullion’s customer service reviews are largely positive, with consumers finding easy access to personnel via chat, email, or phone. Many feedback mentions the quick ordering process and reasonable delivery times.
6. Golden Eagle Coins
Shipping policy: Free over $99
Storage: No
Return policy: 7 days (5% restocking fee)
Pros
In business since 1974
Extensive selection of gold coins
Solid online reputation
Excellent customer service
Seven-day return policy
Cons
Limited selection of gold bars
No live chat support
Why We Chose It
Golden Eagle Coins, a family-owned business, has an almost perfect track record, with thousands of good evaluations.
Overview
Golden Eagle Coins, founded in 1974, is well known for its extensive collection of gold coins, including collectible and numismatic coins, and has an unparalleled track record of customer satisfaction.
You can’t help but like Golden Eagle Coins’ vast assortment. In addition to popular coins like American Eagles, South African Krugerrands, and Canadian Maple Leafs, buyers can find a wide range of pre-1933 coins, commemoratives, mint sets, and foreign coins from various countries. Golden Eagle Coins also offers silver, platinum, palladium, and copper coins.
There aren’t many dealers who sell historical currency, such as Confederate and Colonial notes. Collectors are equally intrigued by the collection of old Arabic, Greek, Roman, and medieval coins.
Golden Eagle Coins’ prices are reasonable and competitive, although not as low as BGASC or SD Bullion. You come to Golden Eagle Coins for the selection and service, not necessarily the price.
Golden Eagle Coins accepts all normal payment methods, including Bitcoin, paper checks, credit cards, PayPal, and bank transfers. Credit card purchases are limited to $1,000, while bank wire transactions require a minimum of $2,500. Other minimum and maximum values apply as well. PayPal and credit card orders incur additional fees.
Standard delivery is free for orders totaling $99 or more, and $9.95 for orders under $99. You can increase your shipment speed to priority mail for $14.95 or express mail for $24.94. Golden Eagle Coins welcomes returns for seven days after delivery, with a 5% restocking fee. The website lists gold buying prices.
Even though it does not offer live chat, Golden Eagle Coins has received good marks for customer service in thousands of reviews. Phone and email inquiries are handled quickly, and the service is quite responsive. Golden Eagle Coins’ online reputation is immaculate. It receives high marks on various online review sites.
Final Verdict
The online gold dealers listed above are respectable, trustworthy, transparent, and fair. However, there are considerable distinctions among the top dealers who attract investors for various reasons.
Many gold investors diversify by purchasing from multiple sources. If you’re seeking the most diverse selection of products across all categories, APMEX should be your first destination. If you appreciate a great overall customer experience, you should also choose JM Bullion. Furthermore, few gold dealers can compete with SD Bullion in terms of pricing, but Money Metals Exchange offers the best buyback prices.
Compare the Best Online Gold Dealers
Category
Shipping Policy
Storage
Returns
APMEXBest Overall
Free for orders $199 and up
Through a partner
7 days (10% restocking fee, minimum $50)
JM BullionBest Customer Experience
Free over $199
Through a partner
Within 5 business days of delivery
BGASCBest for Gold Coins
Free over $199
No
Within 5 business days of delivery
Money Metals ExchangeBest Overall
Free over $199
Yes
3 days (5% restocking fee)
SD BullionBest Low-Price Option
Free over $199
Yes
3 days (5% restocking fee, minimum $35)
Golden Eagle CoinsBest Reputation
Free over $99
No
7 days (5% restocking fee)
Advantages and disadvantages of investing in physical gold
For millennia, investors have been drawn to gold because of its value and function in society. Unlike stocks or bonds, gold’s value is not solely determined by its monetary value; it is a tangible asset that helps critical industries such as technology and medicine. Before purchasing gold for their portfolio, investors should consider the benefits and drawbacks of investing in the precious metal and decide whether it is a good fit for their portfolio.
Advantages
Portfolio diversification:Regardless of your investment risk tolerance, diversifying your portfolio is critical to effective financial management. No investor can foretell the future of the financial markets or the swings they experience. Investors see gold as an important anchor for their portfolios, helping to stabilize their finances during market instability.
Hedge against inflation: Inflation happens when the value of the dollar falls and the price of things rises, resulting in economic hardship for businesses and consumers. Historically, gold has served as an excellent inflation hedge. Gold, a finite tangible asset, can rise in value when the economy experiences inflation.
Flexible buying process: Despite its high cost, gold can be purchased very easily. Investors do not need a brokerage, cash management, or bank account to own gold. Investors can store gold in the comfort of their own homes. However, putting it in a safe or safety deposit box is recommended, but this may increase the overall cost of investing in gold.
Disadvantages
Gold is illiquid: While gold is simple for investors to acquire, it is difficult to sell if cash is required urgently. It’s also worth noting that gold dealers typically buy gold from sellers at a lower price, which implies investors may have to sell the product for less than its value. If investors need to sell their gold, they should explore local and online dealers to determine what they would pay.
Gold does not generate income: Gold cannot pay dividends or interest. Capital gains are the only way for gold investors to earn a return. However, for investors to benefit from capital appreciation, they must keep their gold investment for an extended period, and even then, as with all investments, profits are not assured.
Investment and security costs: Investors should expect to pay a premium for gold. A premium is a surcharge added to the spot price that a gold dealer charges to earn a profit on the sale. Premiums are generally tied to the supply and demand for gold. However, there is no law governing how much a gold dealer can charge. Aside from the premiums, investors should consider the cost of safeguarding these precious metals. Purchasing a safe and insuring it against theft or damage is a standard technique for safeguarding gold. These expenses can be costly and deplete any return an investor intends to make.
Where to buy gold and silver
If you believe gold or silver are worth adding to your portfolio, there are several ways to invest and begin profiting right away.
Physical metals
If you want to acquire actual gold and silver to keep at home, in a safe, or a safety deposit box, you have several possibilities.
“Purchasing physical silver or gold coins or bars is a very traditional way to invest, and it can be done through reputable dealers or jewelers,” says Michael Ashley Schulman, founding partner of Running Point Capital Advisors.
You can also buy gold and silver from reputable precious metals exchanges, internet marketplaces, gold IRA providers, banks, and other financial institutions. Just keep in mind that the price of insuring and storing your gold — if you choose to do so in a safe deposit box or depository — can reduce your long-term earnings.
If you invest in gold or silver jewelry, there may be additional charges to consider.
“Although owning jewelry can seem like a fun way to invest, it’s usually not an efficient method because it often has a high design and retail markup that cannot be recouped when you want to sell it,” Schulman said.
Gold and silver IRAs
Gold and silver IRAs are another way to invest in actual gold. These are individual retirement accounts that allow you to purchase IRS-approved gold and silver bars, coins, or bullion.
To invest with an IRA, you must go through an approved gold IRA custodian. These companies can assist you in opening an account and purchasing the metals on your behalf. Then, you must store your metals in a qualifying depository for protection (you cannot keep your investments at home with these accounts).
There are both regular and Roth silver and gold IRAs, allowing you to buy your metals with pre-tax or post-tax cash, depending on your retirement approach.
Gold and silver ETFs
If you don’t want to purchase physical metals, you can obtain exposure to the asset class by investing in an ETF (exchange-traded fund). There are silver and gold ETFs that invest in many gold or silver-related assets.
“ETF shares can be bought and sold on exchanges and provide investors with easy access to precious metals without the need for physical storage,” explains Derek Miser, Miser Wealth Partners’ investment advisor and CEO.
You can purchase shares of gold and silver ETFs through a brokerage rather than on a separate exchange.
“They’re designed to be traded like normal equities,” explains Stephen Gardner, director of ETF Managers Group. This liquidity allows investors to buy and sell ETF shares throughout the trading day, he argues.
How to Buy Gold Online?
Buying gold online can be as simple as pointing and clicking. The most reputable dealers have a well-organized website with easy navigation to find and compare products by category (e.g., bullion by weight, coins, out-of-mint coins, etc.). With most dealers, once you find the product you want and start the checkout process, your price is locked in for a short period, typically 10 to 15 minutes. You must complete your purchase before the pricing expires, or you may see the price
Is Buying Gold Online Safe?
Buying gold online is just as safe as any other internet transaction, as long as you know you’re dealing with a legitimate company. As with any online purchase, thoroughly investigating these internet sellers is your first and final line of defense against scammers. The finest vendors employ SSL encryption and are PCI-compliant. Plus, all of their shipments are fully insured.
Can You Store Gold at Home?
Yes, you can store gold at home (except for Gold IRAs). For individuals who like to keep their gold close at hand, a well-hidden at-home safe is the best option. If you store your gold at home, make sure your homeowner’s insurance covers any potential loss or damage. If not, you may need to get more coverage.
Do Gold Dealers Report to the IRS?
Yes, gold merchants do report to the IRS. These businesses must disclose when a consumer makes a cash payment of $10,000 or more, or when they sell a considerable quantity of bulk gold or silver. Gold dealers can report using IRS forms 1099-B or 8300.
How Do You Choose a Reputable Gold Dealer?
Unquestionably, a company’s reputation is the most important element for evaluating and comparing gold dealers. The single best indicator of a company’s reputation is its transaction history, which may be determined through customer reviews. Companies with a high number of reviews are usually more established (they have a long track record) or have gained their trust and reputation over a larger number of transactions.
In addition, search for a solid track record, actual corporate headquarters, explicit return, and buyback policies, transparent pricing, and several payment alternatives.
What Is Gold Bullion?
Gold bullion is defined as gold bars or ingots composed almost completely of pure gold (usually 99.5% to 99.99% pure). The mints that create these bars often stamp the weight and purity of the gold contained in them, making their value easy to estimate. Bullion is mostly utilized for investment purposes, either as a buffer against inflation or economic instability or as a prospective price increase over time.
Is Gold a Good Investment?
Gold, like any other investment, can generate good returns based on the period under consideration. Gold investors have long valued the diversification it provides to a well-balanced portfolio. In addition, purchasing gold as a financial hedge during times of high market volatility is a common technique. However, whether purchasing actual gold or investing in gold through one of the numerous publicly traded derivatives instruments, it is critical to recognize that gold is not an income-generating asset. Unlike stocks and bonds, the rewards investors receive are dependent on the appreciation of gold prices.
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