Best Place to Buy Gold: Top 8 Dealers in 2022

Written By
Julija A.
Updated
November 10,2022

There are many reasons people choose to buy gold. Most see it as a “safe haven” asset, a way to hedge against inflation or economic uncertainty, while others just buy it for the prestige. Whatever your motivation, it's essential to ensure you're getting the best deal possible.

To help you find the best place to buy gold, we've compiled a list of the top eight operators that trade this commodity.

Goldco

Fortunly's Rating: Our editorial team determines the rating based on a set of evaluation criteria developed for each product and service category.

Goldco Logo
OVERVIEW

Established in 2006, Goldco is one of the gold distributors best known for offering precious-metals IRAs to protect customer retirement savings. Other than that, it sells gold and silver bars and coins, and stores them or ships them directly to your doorstep.

Learn More
On Official Website
Metal:
Gold, silver
Payment methods:
Retirement account rollovers, wire, check, credit card
Buying options:
Physical delivery, storage

JM Bullion

Fortunly's Rating: Our editorial team determines the rating based on a set of evaluation criteria developed for each product and service category.

JM Bullion Logo
OVERVIEW

Established in 2011, JM Bullion is a market-leading operator that deals exclusively in physical bullion and works directly with mints and distributors. With an A+ BBB rating and stellar customer service, you’ll be in the best place to buy physical gold and other precious metals from all over the world and get them delivered within one business day.

Learn More
On Official Website
Metals:
Gold, silver, platinum, palladium, copper
Payment methods:
Visa, Mastercard, American Express, Discover, PayPal, PayPal Credit, bank wires, checks, ACH, BTC, BCH, DOGE, ETH, GUSD, USDC, PAX, and BUSD
Buying options:
Physical delivery

BGASC

Fortunly's Rating: Our editorial team determines the rating based on a set of evaluation criteria developed for each product and service category.

BGASC Logo
OVERVIEW

BGASC is one of the fastest and most reliable gold dealers with a large inventory of gold, silver, and platinum coins and bars. With free shipping on orders over $5,000 and low prices, it’s a good option if you're looking to buy precious metals in larger quantities.

Learn More
On Official Website
Metals:
Gold, silver, platinum
Payment methods:
Bank wire, credit/debit cards, PayPal, check
Buying options:
Physical delivery

Money Metals Exchange

Fortunly's Rating: Our editorial team determines the rating based on a set of evaluation criteria developed for each product and service category.

Money Metals Exchange Logo
OVERVIEW

With 12 years in business, a stellar reputation, and an A+ BBB rating, Money Metals Exchange is one of the most trusted places to buy gold. The exchange offers a wide range of metals - including silver, platinum, and palladium - at competitive prices, with no hidden fees or minimum purchase requirements.

Leartn More
On Official Website
Metals:
Gold, silver, platinum, palladium, rhodium, copper
Payment methods:
Bank wire transfer, BTC, credit or debit card, money order, PayPal, or check
Buying options:
Physical delivery, storage, savings plan

APMEX

Fortunly's Rating: Our editorial team determines the rating based on a set of evaluation criteria developed for each product and service category.

APMEX Logo
OVERVIEW

APMEX boasts a base of over 1.3 million customers and more than 40,000 products, including coins, bars or rounds, bullion, and semi-numismatic or numismatic products. APMEX is the best place to buy silver and gold, along with palladium and platinum, without a minimum order on domestic orders.

Learn More
On Official Website
Metals:
Gold, silver, palladium, platinum
Payment methods:
Credit/debit card, check, e-check, bank wire, PayPal, BTC, BCH, ETH, WBTC, DOGE, GUSD, USDC, PAX, DAI, and BUSD
Buying options:
Physical delivery, storage

SD Bullion

Fortunly's Rating: Our editorial team determines the rating based on a set of evaluation criteria developed for each product and service category.

SD Bullion Logo
OVERVIEW

With free shipping on orders over $99 and lower prices than most competitors, SD Bullion lets you buy gold and silver bars in various sizes and weights. Since its launch in 2011, this fast-growing dealer has quickly grown to a base of over 250,000 customers.

Learn More
On Official Website
Metals:
Gold, silver, platinum, palladium, copper
Payment methods:
Bank wire, check (personal, cashier), e-check, postal money order, credit/debit card, PayPal, BTC
Buying options:
Physical delivery, storage

Golden Eagle Coins

Fortunly's Rating: Our editorial team determines the rating based on a set of evaluation criteria developed for each product and service category.

Golden Eagle Coins Logo
OVERVIEW

A tried and true company established in 1974, Golden Eagle Coins sells gold, silver bullion, platinum, palladium, rhodium, and copper at competitive prices. The dealer offers free shipping for orders over $99 and sells commodities online, via phone, or in a retail showroom.

Learn More
On Official Website
Metal:
Gold, silver, platinum, palladium, rhodium, copper
Payment methods:
Bank wire transfer, cashiers check, personal check, money order, credit cards, PayPal
Buying options:
Physical delivery

Birch Gold Group

Fortunly's Rating: Our editorial team determines the rating based on a set of evaluation criteria developed for each product and service category.

Birch Gold Group Logo
OVERVIEW

Best known for its excellent customer service and educational resources, Birch Gold Group teachers its customers how to buy and hold precious metals. It offers a wide variety of gold, silver, palladium, and platinum products, as well as precious-metals IRAs.

Learn More
On Official Website
Metal:
Gold, silver, palladium, platinum
Payment methods:
Bank wire, personal check
Buying options:
Physical delivery, storage

Why Buy Gold?

There are many types of investments with different returns. With the latest craze around NFTs and cryptocurrency, and the emergence of crypto-friendly banks, it can be easy to forget about more traditional investments, like gold.

While the current market conditions and crypto volatility have been challenging for many investors, gold has held its value remarkably well. Silver and gold dealers have been getting a lot of business lately because people are seeking safe commodities to hold their money. But what makes gold so valuable?

Gold has been used for centuries as currency, jewelry, and other decorative items. It is paramount to many cultures and religions across the globe. Gold is abundant enough to be used in coin production, but also rare enough to only be used selectively. In addition, gold does not corrode, which means it can be stored indefinitely.

In today's economy, some people view buying gold coins as a way to protect themselves against inflation or economic turmoil. As central banks print more money, the value of each currency unit decreases. This decrease in value has caused many people to turn to gold to preserve their wealth.

Gold is also seen as a diversification tool. When stocks go down, gold often goes up (and vice versa). By buying gold, investors can help protect their portfolios from volatility.

How to Buy Gold

There are a few things you should know before you start buying gold. First, you need to decide what form of gold you want: Gold can most commonly be bought in the form of coins (​​like the American Gold Eagle or Canadian Maple Leaf), rounds, or bars.

Then, you need to decide where to buy your gold. You can buy it from various places, including online gold sellers, precious-metals dealers, pawnshops, and auction houses. Once you've decided on the form and location of your purchase, check for the purity, manufacturer, insurance, and storage, and you can start shopping around for the best price.

When buying gold, it's important to remember that you're buying a physical asset. You'll need to take possession of the gold once you've made your purchase, and therefore have a secure place to store it; don't forget to insure it against loss or theft, either. As you can see, trading commodities like gold can be expensive, but with the proper research and precautions, it’s a safe and profitable endeavor.

Best Spots for Buying Gold

We’ve compiled a list of the best online gold dealers to help you get started.

Money Metals Exchange

Money Metals Exchange was founded in 2010 and has become one of the most trusted places to buy gold online. It has a stellar A+ rating from the Better Business Bureau and promises fast and insured shipping. The dealer offers a variety of precious metals, such as gold, silver, platinum, palladium, rhodium, and copper, in the form of coins, rounds, bars, and much more. It also offers precious metals IRAs to help customers secure their retirement savings.

At Money Metals, you can purchase gold coins from all over the world, including Chinese Golden Pandas and Australian, British, and Canadian coins. You can also buy rounds and bars from various mints at competitive prices.

Money Metals Exchange might be one of the best gold coin dealers that lets you purchase 1/10 oz. gold to be kept vaults securely stored in the company’s Massachusets depository, without the hassle and costs of shipping. Another specialty is rare pre-1933 coins, including $20 Liberty Gold Coins and St. Gaudens. All precious metals may be purchased via physical delivery, secure storage, or savings plan.

With this dealer, you can enroll in gold/silver plans, set a monthly investment of at least $100, and secure lower metal prices.

MMX accepts bank wire transfers, bitcoin, credit or debit cards, money orders, PayPal, or paper checks as payment methods. This might be the best place to buy gold fee-wise, considering its lack of minimum purchase requirements. Shipping is free for orders over $500, whereas you’ll have to pay $7.97 if you buy products for less.

Storage fees start at $96 per year, depending on the value of your order. If you’re unsatisfied with what you get, you can return it within three days, but you might be charged a 5% restocking fee. Finally, MMX boasts the lowest buyback fees on the market, should you decide to sell your gold in the future.

APMEX

Yet another reputable dealer of gold coins, bars, and rounds is APMEX (American Precious Metals Exchange). With more than 20 years in business, an extensive inventory, and competitive pricing, APMEX is the best place to buy gold bullion, along with other precious metals such as silver, palladium, and platinum. The dealer also boasts an A+ rating from the Better Business Bureau and a base of more than 1.3 million customers.

APMEX offers newly minted coins along with pre-1933 ones, including ancient and medieval ones, as well as a wide variety of bars and rounds from various mints you can filter by weight or brand. APMEX offers jewelry and IRA-approved gold and has a “Deals” section for those looking for a bargain. Keep in mind that there is no minimum on domestic orders, which is a significant advantage.

If you’re wondering how to buy gold bars from APMEX, one of the options is to purchase storage, which starts at $180 annually for storing products of up to $250,000. You can have your gold delivered for free for orders above $199, while orders with lower prices will be charged a flat $9.95 shipping fee. If you decide to cancel your order, you’ll have to pay a $35 cancellation fee.

APMEX offers the most diverse payment methods, including a bunch of cryptocurrencies (BTC, BCH, ETH, WBTC, DOGE,  as well as five USD-pegged stablecoins (GUSD, USDC, PAX, DAI, and BUSD)). You can also pay using credit and debit cards, checks and e-checks, bank wire, and PayPal.

JM Bullion

JM Bullion is a newer precious metals dealer, but has quickly become one of the best places to buy gold online. At JM Bullion, you'll be able to purchase a wide range of precious metals aside from gold, such as silver, platinum, palladium, and copper. This platform deals exclusively with physical bullion and delivers gold and silver bars and coins directly to customer doors.

Even though it might sound like its resources are a bit limited, JM Bullion offers a variety of gold coins, both from the US and from foreign mints, such as American Gold Eagles, Canadian Gold Maple Leafs, South African Gold Krugerrands, and more. You can also find a lot of gold bars, including popular Credit Suisse and PAMP Suisse bars. If you decide to protect and grow your wealth with physical gold, you can go for one of its IRAs.

If you’ve been wondering how to buy physical gold but don’t want it externally stored, JM Bullion is the right place. You can count on shipping fees, though. Shipping is free for orders over $199, whereas lower-valued purchases will cost $7.99. All shipments are insured.

You can also use a third-party storage service, and JM Bullion cooperates with TDS Vaults to provide storage for its US customers' precious metals. All new JM Bullion customers will get six months of free storage for orders over $3,000.

JM Bullion accepts the following payment methods: Visa, MasterCard, American Express, Discover, PayPal, PayPal Credit, bank wires, checks, ACH, BTC, BCH, DOGE, ETH, and four USD-pegged stablecoins (GUSD, USDC, PAX, and BUSD).

SD Bullion

Founded in 2011, SD Bullion is one of the fastest-growing gold dealers found online. It offers competitive prices on gold, silver, platinum, palladium, and copper. It also provides a collection of gold coins, including pre-1933 ones and bars, with some IRA-eligible products.

To purchase gold with SD Bullion, you can either go for physical delivery or storage. Depending on the monthly closing spot price of gold and total weight, the storage will cost you as little as $9.99 per month.

As the dealer guarantees the lowest prices on the market and promises to match lower if you find them, it is the best place to buy gold and silver bars and coins, especially if you are looking for a bargain. If you go for physical delivery, you can expect free shipping on orders over $199 and a flat fee of $9.95 for those under.

Payment methods that SD Bullion accepts are bank wire, personal and cashier check (personal, cashier), e-check, postal money order, credit/debit card, PayPal, and BTC.

BGASC

As its name suggests, BGASC (Buying Gold and Silver Coins) is a dealer of precious metals with a focus on coins. It is based in California and has been in business since 2012. This reputable company offers a variety of gold, silver, and platinum coins, bars, rounds, and other products, including precious metals IRA.

Other than US-made coins, it has a vast selection of foreign mints from China, Mexico, Canada, etc.

BGASC is the best place to buy gold and silver online due to its excellent customer service and fast and insured shipping within one business day. The shipping is free for orders over $5,000, which is a high bar, while it is $9.95 for those under.

The main downside of dealing with BGASC is that it doesn't offer storage services, so you will need to find a third-party storage solution if you want to keep your gold in a safe place.

Also, payment methods are pretty limited: You can purchase products using a bank wire, credit/debit cards, PayPal, or check. If you wish to return your order, BGASC has a three-day return policy with a 5% restocking fee on PayPal and credit card orders, as well as a possible market-loss fee.

Golden Eagle Coins

Golden Eagle Coins is the best place to buy gold if you’re looking for a tried-and-true company without a blemish that has been in business for almost 50 years. The dealer offers a variety of precious metals: Gold, silver, platinum, palladium, rhodium, and copper.

The dealer is well known for its vast selection of coins, including popular ones like American Eagles, South African Krugerrands, and Canadian Maple Leafs. Besides that, it offers collectible and numismatic coins, pre-1933 coins, commemoratives, mint sets, foreign coins, and much more.

Its gold bar offer is a bit limited compared to other top gold dealers, but it does offer a decent selection of bars from Perth Mint and PAMP Suisse, ranging from 1 gram to 10 oz.

Golden Eagle Coins is one of the rare online gold dealers that offer free shipping via USPS on orders higher than $99. If your order is less than that, you’ll have to pay a $9.95 shipping fee. You can upgrade to Priority Mail for $14.95 or Express Mail for $24.95.

Golden Eagle Coins’ primary drawback is that it has no storage services and requires third-party storage if you want to keep your gold in a safe place outside your house.

The dealer offers standard payment methods: bank wire transfer, cashier's check, personal check, money order, credit cards, and PayPal. You’ll find a $1,000 maximum purchase requirement for credit cards, $2,500 for bank wire transfers, etc. Also, paying by PayPal or credit cards will add 4% on top of the product's price.

Goldco

If you're asking around where the best place to buy gold is, not many people will recommend Goldco at first. Instead, Goldco is best known for its precious-metals IRA services. However, it does offer a range of other services that make it a one-stop shop for all your precious-metals needs.

With Goldco, you can buy gold and silver coins. The options are numerous and range from standard Gold American Eagle and Gold Maple Leaf to more exotic ones like Gold Australian Saltwater Crocodile. As for bars, the offer is limited but promises .9999 gold purity.

You can purchase commodities using retirement account rollovers, wire transfers, check, or credit card, which is quite limited compared to competitors. As for the gold buying prices, the minimum purchase requirement is $15,000. However, Goldco promises the highest rates if you decide to sell your precious metals with its Goldco BuyBack Guarantee.

The dealer promises free shipping on all orders (which is reasonable, considering its high minimum purchase), whereas if you decide on a storage option, you can only get it for purchases of $25,000 or more, and it will be free of charge. 

Birch Gold Group

Serving over 13,000 customers since 2003, Birch Gold Group is best-known for its personalized customer care. Aside from a wide range of gold and silver products, it offers competitive prices, various payment options, and extensive educational resources.

Birch Gold Group might be the best company to buy gold from, considering its products: Bullion coins and bars, IRA-approved precious metals, numismatic and proof coins, and even Valcambi CombiBars that can be broken down into small increments and thus have more flexible resale options. The dealer also works with silver, palladium, and platinum and offers its customers to invest in a self-directed precious-metals IRA.

Birch Gold Group has a minimum purchase amount of $10,000, and the payment methods are pretty limited; you can only use bank wire and personal checks. Once you buy the product, Birch Gold Group will ship it to you, or you can choose to store it in depositories that Birch Gold Group works with. Your commodities will be insured even in transit, with a $100,000 transit insurance per package.

Bottom Line

Finding a proper gold dealer online isn’t easy, with so many companies to choose from. Our list of the top eight platforms should help you narrow down your options and find the one that fits you. When buying gold, compare prices and fees, check for storage and shipping costs, and consider insurance options before making a purchase.

FAQ

Where is the best spot to buy gold?

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It all depends on your individual needs and preferences. However, we can narrow it down to a few places worth considering: Online precious metals dealers, pawnshops, and auction houses. Some of the most reputable online precious metals dealers are Golden Eagle Coins, JM Bullion, and Goldco.

Where is the safest place to buy gold?

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The question, "Where can I buy gold bars?" shouldn't be the only one you're asking. More importantly, you should inquire about the safety of the dealer you choose to buy gold from. We recommend buying gold from a company that offers storage services to protect your assets. Also, check customer satisfaction ratings and if the company has a long history in the business. Never buy from newcomers.

What is the best gold to buy?

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Physical gold, such as gold coins, bars, and rounds, is the best gold product because it offers the most flexibility. You can easily sell it for cash or trade it for other goods and services. Once you decide if you’d like to purchase bullion or another product, the next step is to research the best place to buy gold.

About author

Albert Einstein is said to have identified compound interest as mankind’s greatest invention. That story’s probably apocryphal, but it conveys a deep truth about the power of fiscal policy to change the world along with our daily lives. Civilization became possible only when Sumerians of the Bronze Age invented money. Today, economic issues influence every aspect of daily life. My job at Fortunly is an opportunity to analyze government policies and banking practices, sharing the results of my research in articles that can help you make better, smarter decisions for yourself and your family.

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