A beginner’s guide to buying gold bullion
Everyone wants to imagine they own Fort Knox, no doubt. Well, you can get a little closer to that dream by investing in gold bullion! The stock market volatility and political unrest drive more investors towards gold, a metal that has historically maintained its value. Several organizations suggest investing in gold is a good bet because it is an industry that is developing and promotes new offerings.
How to buy gold online?
Buying gold is just a click away on numerous websites, and most dealers have a well-organized website with a friendly interface. The price is locked for short durations typically, 10 to 15 minutes, and may change depending on market currents. Remember to compare products by weight and category – bullion by weight, coins, out-of-mint coins, etc.
Why buy bullion?
Diversification is possible with gold, i.e., it can help diversify portfolios, making them less volatile. Gold usually outperforms stocks and bonds over a long period and is easier to liquidate. Further, with low correlations to stocks and bonds, gold does not always go down and lose value with market fluctuations, thus making it less risky. Finally, gold has a defensive store of value and is preferred by investors when they perceive threats in the economy.
Here are a few top online dealers for gold bullion:
Money Metals Exchange
With competitive pricing, lower shipping costs, and a wide product selection, Money Metals Exchange is one of your best options. The company has had over 250,000 customers over its 12 years of establishment. They offer high-quality products and exceptional customer service. This online gold bullion dealer provides free shipping when orders exceed $500. If you are a new investor, the prepackaged starter portfolios can be quite helpful. Further, the automated monthly savings plan is also beneficial for many customers.
APMEX
This online dealer of gold bullion has an established positive history and a solid reputation. APMEX or the American Precious Metals Exchange has over 10,000 products to offer and is one of the best online gold bullion dealers. They have a seven-day return policy and fully robust customer services. While shipping takes time, APMEX has created a name for itself as a precious metals powerhouse since 2000. It does not compete with the market rates, but the significant sales volume of APMEX makes them highly popular. It is one of the best sources for collectors giving access to a wide variety of vintage coins and old banknotes.
Golden Eagle Coins
Golden Eagle Coins has an excellent reputation in the precious metals market. This family-owned business has an excellent reputation, with no blemishes across thousands of reviews over 45 years. Choose from an exclusive and extensive range of gold coins and use their top-notch customer service to clarify and verify details. Golden Eagle Coins offers a seven-day return policy as well, in case you are unsatisfied. Gold bars are rather limited, but the organization provides an unmatched customer experience. Further, if you are a collector, you can choose from a wide array of Arabic, Greek, Roman, and medieval coins.
SD Bullion
SD Bullion is one of the most affordable gold bullion options. They offer low price guarantees and low-cost direct storage. Their solid online reputation may also help influence your decision. SD Bullion offers a three-day return policy; however, their product range is somewhat limited. They have established themselves as the “lowest cost” online gold dealer in the country. You can also choose from a range of other precious metals like – silver, platinum, copper, and palladium.
BGASC
If you are looking for gold coins in the market, BGASC should be the one firm you consider. It is the best source of gold bullion coins at an affordable rate. Their selection is vast and competitive pricing is rather compelling. They offer an extended range of gold products as well. Their online reputation is blemishless, and their shipping is lightning fast. Note, however, that payment options are somewhat limited, and there is no live chat option. You can also purchase silver, platinum, and palladium products from BGASC.