Best Customer Experience: Jm Bullion
JM Bullion provides its customers with a user-friendly website, transparent pricing structure, dedicated customer support, and investor-friendly features, making it our choice as the online gold dealer with the best customer experience.
Clean and easy-to-use shopping site
Several hundred thousand positive reviews
Doesn’t sell internationally
Since its founding in 2011, JM Bullion has quickly grown to become Inc.com’s “fastest-growing precious metals company” in the U.S. That growth can be attributed to JM Bullion’s commitment to offering a wide selection of products, competitive and transparent pricing, dedicated customer support, an automated savings plan, and a simple purchasing process. This makes it our choice as the online gold dealer with the best customer experience.
Its product selection is extensive, with a wide variety of gold, silver, platinum, copper, palladium coins, and bars, priced competitively with no commissions or additional fees. Its advertised price of a 1 oz. Gold Eagle coin was $1,933 in Nov. 2021, about a 7.4% mark-up from the spot price at the time of $1,800. JM Bullion offers members of the military the same discount it offers on bulk purchases.
Payments can be made by ACH transfer , cryptocurrency , paper check , credit or debit card , PayPal , and bank wire transfer . Credit card and PayPal payments are assessed a 4% processing fee.
How We Make Money
The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you.
Best Places To Buy Gold And Silver Online
eBay and Craiglist are both great places to start. But unless youre sure that youre dealing with a reputable seller, you might want to look into other sites that specifically specialize in precious metals.
Weve compiled a list of 20 of the best online gold dealers, along with reviews of each one to help you find the best place to purchase gold and silver.
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Why Buy Gold & Silver From Goldcore
Secure, fully insured & segregated storage
Allocated gold and silver coins and bars
High-security vaults in safest jurisdictions
Express international fully insured delivery
Lowest rates for buying and selling
Investment grade gold and silver
Daily Reconciliations with Vault Providers
Buy and sell in your own currency
Fast withdrawals and payments
Dedicated precious metal advisors
Award winning research
Deal in any size with liquidity
Pros And Cons Of Buying Locally Vs Online
Most gold bars are bought in one of two places: at a local coin shop, or online.
Believe it or not, youll likely find better pricing online than at a coin shop, even after factoring in shipping costs. Thats because the overhead at a brick-and-mortar store is higher. But thats just part of the difference between them
Heres the pros and cons of buying locally vs. online. First, a local dealer:
|Can visually inspect product, and take immediate possession||Premiums are likely higher for purchase, and will likely be smaller when you sell|
|Dealer may be willing to negotiate on premium||Likely has limited product choices|
|Potential for greater privacy||May have less liquidity for large buybacks|
Even if you decide to buy online, I recommend checking with a local dealer, because a relationship with them can be helpful if you need to make a quick sale. If you inquire with them, see if theyll negotiate on price.
Here are the pros and cons of buying online:
|Ability to order online and lock in price at your convenience, 24/7. Avoid talking to a salesperson||Must trust dealer to deliver precise product|
|Total cost is likely lower|
|Greater selection||Product only ships after payment clears|
A good way to start is to compare prices of the same product among a few dealers.
Getting a low premium is good, of course, but price isnt the only consideration see if the dealer is educational in nature , and if they have a buyback policy.
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How To Buy Gold Online
Like many other products buying gold online can be as easy as point-and-click. The best dealers have a well-organized website with easy navigation to find and compare products by category . When you find a product you want, you click on it to review the details. As with any online shop, you can add it to your cart. You can then enter the quantity you want. From there, you can continue to shop or move on to checkout.
Once you start the checkout process with most dealers, your price is locked in for a short period, typically 10 to 15 minutes. You need to complete your purchase before the pricing expires, or you may see the price adjusted up or down based on how the market is moving.
Once you complete checkout, you will receive an email confirmation along with ongoing shipping notifications.
Gold Bar Brands Matter Choose Wisely
Tip: Buy only gold bars with a recognized hallmark and proper stamping.
Proper stamping and a recognized hallmark mean youre getting a reputable gold bar. There are some private mints in the world that dont include all of this information, which could mean its not a pure gold bar or has low quality. Its important that you know how to make sure your gold is real.
Stamping: a reputable gold bar should have its weight, purity, refiner, and a registration number stamped on it.
Its important to buy gold bars with these markings. Without them you dont know what youre getting, and a future buyer will probably demand an assay.
Theres an easy way to assure your gold bar has proper stamping, and thats to buy bars with a
Reputable hallmark: A hallmark simply refers to the brand of the barthe refiner or manufacturer that minted the bar. You want a well-recognized hallmark so that you know youre getting a high quality bar, and also so that youll have no difficulties someday selling it. A good hallmark will allow you to sell the bar virtually anywhere in the world. It is highly liquid.
Here are some of the worlds most highly regarded refiners:
There are others, such as the Sunshine Mint and Republic Metals .
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Buy Gold Bars For Less
Before you make a purchase, read about our payment methods for buying gold. You can pay less for gold any day of the year by paying with a wire transfer, Interac e-Transfer, Bill Payment, Cheque, or Money Order. You can even buy gold bars with Bitcoin and other alt-coins. Its simple to buy gold online and easy to save.
Set Your Spot Alert
Purchasing Gold & Silver Nearby In The United States
Purchasing gold and silver bullion — whether in the form of coins, bars, or rounds — is a prudent decision for investors and wealth protectors alike. The Federal Reserve continues to issue huge numbers of debt backed instruments, called Federal Reserve Notes , thereby devaluing each unit already in existence and levying the most insidious of taxes, the hidden inflation tax.
Money Metals Exchange, the national source for buying and selling precious metals named “Best in the USA,” has unveiled a new local directory. Along with local coin and bullion shops, our directory includes our state law information pages containing up-to-date information on sales tax laws, capital gains laws, bullion depository laws, legal tender laws and more important details pertaining to each individual state in the union.
Use the map below to find gold and silver in your area:
Some important things to consider: In some jurisdictions, local dealers are subject to regulations which force them to collect substantial personal information from you, and they will generally pay less when you sell your precious metals than Money Metals Exchange will pay. Meanwhile, local dealers often do not have as much inventory available or competitive pricing.
So if you do choose to do business with Money Metals, the dealer ranked #1 in the U.S. by an industry ratings group, there are many great options listed here on this website.
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Frequently Asked Questions About How To Buy Gold
How do I store my gold?
Once youve purchased your gold, youll also need to find a safe place to store it. There are several options to consider, including the following:
- Bullion dealers. Many gold dealers will also offer a storage service where you can keep your gold bars or coins for a fee, so ask about the storage options available when you make your purchase.
- Safety deposit boxes. You can rent a safety deposit box at a bank to securely store your gold bullion.
- Secure vault storage. For high-level security, you may want to research vault storage companies near you and the storage options they offer.
- At home. You can also choose to store your gold at home. This obviously may not be as secure as some other options, so you may want to get a home safe installed. Youll also need to update your home and contents insurance to make sure your precious metal is covered by your policy .
Do banks sell gold?
Some banks do sell gold to customers, but many do not. Canadas Big 5 banks TD Canada Trust, CIBC, BMO, RBC and Scotiabank all sell gold and other precious metals. If youre interested in buying from a bank, talk a local bank representative to find out what your options are, and make sure your investment comes with a secure way of storing your precious metals. Youre also more likely to get a better price if you are a customer of the bank youre buying gold from.
How & Where To Buy Gold Bars
Jeff Clark, Senior Analyst, GoldSilver
If youre looking to invest in physical gold at the lowest possible price per ounce, theres no better choice than gold bars. Coins may be more attractive, but all that manufacturing and packaging comes at a price. Gold bars, on the other hand, are the stalwart of the industry, what everyone from average investors to central banks buy and store. In other words, you cant go wrong buying gold barsprovided you follow four tips including where to buy gold bars.
In this gold bar buyers guide, well cover:
- Why buy gold bars?
- How to buy gold bars?
- Where to buy gold bars
- Which gold bars to buy
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Buying Silver Bullion Products With Apmex
Silver bullion is a popular Precious Metal to consider purchasing based on its affordability. Silver is more accessible for a wider range of buyers, not only in price but in the numerous options on the market today. Silver products come in coins, bars and rounds for sale all available in APMEXs wide selection of products to fit any collection or portfolio.
Silver Bars Are Easier To Store Than Silver Coins
Space is a consideration when it comes to storing your silver bullion, especially as you accumulate more and more ounces. A silver bar takes up less space than the same number of ounces of coins. Heres what that difference looks like.
The great thing about silver bars is that they dont compromise any of the core advantages of owning physical silver: theyre portable, private, liquid, and will last forever.
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Questions To Ask Yourself Before Buying Precious Metals
Buying physical gold or silver as an investment is not always as straightforward as it sounds. Novice investors often get lost in a variety of options: Should I buy minted bars or sovereign coins? Maybe that limited edition coin would be a good investment?
Sensible investors evaluate bullion options by the price and premium on the gold spot price. But the premium is only one part of the equation. It doesnt necessarily mean that youll get that premium back upon the sale.
Worse, there are unscrupulous dealers out there. They will try to trick you into buying numismatics and other collectibles that have a huge premium and wont retain their value over time.
As a result, its essential to get an understanding of precious metals before dipping your toes into this market.
In this article, Ill answer some of the most important questions you should ask yourself before buying precious metals.
What Is the Best Way to Invest in Precious Metals?
Each method has advantages and disadvantages.
While investing in precious metals through ETFs sounds appealing due to its convenience, there are several key issues that investors need to be aware of in relation to this method of investment.
In this regard, buying the physical metal is a more sensible option.
Why Buy Precious Metals From Apmex
APMEX, the leading Precious Metals dealer in the United States, understands the needs of Gold and Silver investors. Now surpassing 20 years in business, APMEX distinguishes itself through exceptional customer service, unmatched product quality and options, and a brain trust of resources to help investors develop their ideal investment portfolio.
Although Precious Metals can be part of a balanced portfolio, APMEX understands this investment isnt for everyone. It may not suit those who prefer to see their wealth confined purely to numbers on a page. Thrill-seekers may be disappointed to find that Gold prices and Silver prices dont fluctuate wildly at the whim of global stock markets, as many factors are involved in Precious Metals pricing. Unlike traders of buy-today-sell-tomorrow commodities, investors in Gold and Silver have been known to pass down their collections to future generations. They understand the unique value of an investment they can hold.
APMEX provides highly trained representatives to help you buy Precious Metals online. Whether educational purposes or simply for assistance navigating the website, click here and be one step closer to diversifying your Precious Metals portfolio.
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Best Place To Buy Silver
If youre looking to buy silver, there are plenty of good options. Kitco, JM Bullion, and APMEX are all good online dealers that sell silver bullion. They offer a wide variety of products, including coins, rounds, and bars in a variety of sizes.
One thing to keep in mind is that the price of silver can vary significantly from one dealer to another. So its important to shop around and compare prices before making a purchase.
Why Buy Gold Bars
Gold investors buy gold bars because they are the most affordable way to buy gold. Theyre high quality gold bullion made by a mixture of national mints like the Royal Canadian Mint and Perth Mint, and private mints like the Sunshine Mint or Switzerlands Valcambi. You can buy 1 ounce gold bars, 10 ounce gold bars, 1 kg gold bars, as well as 1 gram gold bars, 5 gram gold bars, 50 gram gold bars, and more. When you buy gold bars in larger quantities, you lower the price per ounce of gold. By reducing your costs when you buy gold you protect your savings and make it easier to see returns on your gold investments. The premium on gold bars is generally lower than on gold coins, even in higher quantities.
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Where Are The Stops Friday January 7 Gold And Silver
Kitco Commentaries | Opinions, Ideas and Markets Talk
Featuring views and opinions written by market professionals, not staff journalists.
Below are today’s likely price locations of buy and sell stop orders for the active Comex gold and silver futures markets. The asterisks denote the most critical stop order placement level of the day .
See below a detailed explanation of stop orders and why knowing, beforehand, where they are likely located can be beneficial to a trader.
Stop Orders Defined
Stop orders in trading markets can be used for three purposes: One: To minimize a loss on a long or short position . Two: To protect a profit on an existing long or short position . Three: To initiate a new long or short position. A buy stop order is placed above the market and a sell stop order is placed below the market. Once the stop price is touched, the order is treated like a “market order” and will be filled at the best possible price.
Most stop orders are located and placed based upon key technical support or resistance levels on the daily chart, which if breached, would significantly change the near-term technical posture of that market.
Having a good idea, beforehand, where the buy and sell stops are located can give an active trader a better idea regarding at what price level buying or selling pressure will become intensified in that market.
How To Choose A Reputable Gold Dealer
Unquestionably, a company’s reputation is the number one criteria to evaluate and compare gold dealers. The single best measure of a company’s reputation is its transaction history, which can be assessed by customer reviews. Companies with a large number of reviews are typically more established or have built up their trust and reputation through a greater number of transactions.
Additionally, you should look for the following when evaluating a dealer’s reputation:
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