Best Places to Buy Gold
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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.
Top-Rated Gold Dealers
Silver Gold Bull is a highly rated trading site with a vast selection of products for purchase. It also has many frequent sales and discounts on higher quantity purchases.
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.
With 12 years in business, a stellar reputation, and an A+ BBB rating, Money Metals Exchange is one of the most trusted dealers. The exchange offers a wide range of metals - including silver, platinum, and palladium - at competitive prices, with no hidden fees or minimum purchase requirements.
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 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. You can also buy palladium and platinum, without a minimum order on domestic orders.
Why Buy Gold?
While the current market conditions and 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.
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.
Bottom Line
Finding a proper gold dealer isn’t easy, with so many companies to choose from. Our list 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.
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