Where To Buy Gold Bars
Given the volatility of the stock market, gold bars can be a reliable investment. Inflation protection is another significant benefit of it. And if you decide to purchase real gold rather than gold receipts, gold mining stocks, or gold ETFs, you’ll need to identify trustworthy, seasoned dealers with whom to do business. But “where to buy gold bars” is the question that keeps coming up.
Since the majority of banks don’t buy or sell gold, it helps to add gold bars from reliable precious metal dealers to your portfolio. To aid you, we’ve found top dealers that have a solid track record, a reputation for offering fair pricing, and who are upfront about how they’ll buy your gold back from you if you ever decide to sell.
We also took into account several payment choices, storage possibilities, shipment times, fair prices, and excellent customer service.
[Places] Where to Buy Gold Bars
Here’s a list of places to buy gold bars, both online and offline:
1. APMEX (American Precious Metal Exchange)
- Shipping Policy. If you order products worth more than $199, you’ll get free shipping.
- Storage. Yes, they offer storage options.
- Return Policy. You can return or exchange products within 7 days of receiving them, but there’s a 10% restocking fee (minimum $50).
Since its founding in 2000, American Precious Metals Exchange (APMEX) has grown to be a significant player in the precious metals industry. They provide the broadest range of items made of gold, silver, platinum, and palladium. It is a varied collection because you can find coins from many nations. Their wide selection of coins and vintage banknotes will delight collectors.
Even if APMEX’s prices might not be the lowest, its enormous sales volume allows it to remain competitive. The fact that they have varied prices for various payment options is a drawback. Discounts are provided, though, for buying coins and bullion in large quantities. They feature a user-friendly website with a straightforward checkout procedure. You have 10 minutes from the time you make an order to complete it and lock in the current price.
The fact that APMEX offers free shipping on purchases over $199 is another perk. No minimum purchase is necessary. They charge a $9.95 delivery cost for orders under $199, but all products come with insurance. For some payment options, APMEX also offers a QuickShip Program that expedites the processing of U.S. purchases.
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If you would rather keep your gold in storage, APMEX can have it delivered to Citadel Global Depository Services, one of the largest vaults. For this service, a yearly fee is required.
Credit cards, cheques, wire transfers, PayPal, bitcoin, and eCheck are just a few of the payment methods accepted by APMEX. Depending on your mode of payment, processing time may vary. They provide customers a speedy buyback process and have a seven-day return policy. They may impose a restocking fee of $50 or 10% of the purchase price if you return an item.
Reason Why We Chose APMEX
We chose APMEX because of their dedication to openness and reliability. They have a solid reputation as a trustworthy trader in precious metals. They distinguish out from the competition due to their emphasis on customer service and instructional tools.
Pros:
- Easy-to-navigate website with clear product descriptions
- Helpful and knowledgeable customer service team
- Competitive pricing and price-matching policy
Cons:
- Some limitations on international shipping
- You need to make a minimum order of $99 for online purchases
2. JM Bullion
- Shipping Policy: You’ll get free shipping on all orders over $199 within the United States.
- Storage: They don’t provide storage services, but they recommend third-party storage options.
- Return Policy: You can return products for a refund within three to five business days of receiving your order.
One of the precious metals companies in the United States with the greatest growth is JM Bullion, which was established in 2011. They have done this by providing a wide selection of products, transparent pricing, first-rate customer service, and an easy purchasing experience.
They offer a wide variety of gold, silver, platinum, copper, and palladium coins and bars, all of which are priced without additional costs. Military personnel are also eligible for discounts, and rates vary depending on how you pay.
Payment methods include ACH transfers, bank wire transfers, paper checks, credit/debit cards, PayPal, and cryptocurrencies. Each has its own fees. Due to a “discount” for alternative means, payments made with a credit card or PayPal cost 4% more, while purchases made using cryptocurrency cost 1% more.
Orders over $199 qualify for free shipping with insurance. shipment costs start at $7.99 for orders under $199 and go up if you select quicker shipment. Additionally, they provide the chance to store your gold at the extremely safe TDS Vaults for free.
Five days are allowed for returns at JM Bullion. Customers are liable for any market losses even if there is no mention of a restocking fee on the company’s website. Their website lists the current buyback pricing, and their minimum buyback policy is $1,000.
They take great pleasure in their committed customer service, which is offered throughout business hours by live chat, email, and phone.
Reason Why We Chose JM Bullion
Because JM Bullion has a great reputation as a trustworthy online precious metals retailer, we chose them. They are aware of their clients’ demands, provide price match guarantees, and have an easy-to-use website to make investing simple for both novice and seasoned investors.
Pros:
- Competitive prices without commissions
- User-friendly website with real-time price updates
- Discounts available for military members
Cons:
- They don’t offer in-house storage services
- Customer support is not available on weekends.
3. BGASC (Buy Gold and Silver Coins)
- Shipping Policy: If your order is above $199, you get free shipping. For orders below $199, there’s a $7.77 shipping fee.
- Storage: They don’t provide storage services.
- Return Policy: You can return or exchange products within 5 days.
A large assortment of gold bullion coins are offered by BGASC at affordable pricing. Their reputation as a reputable gold coin dealer is particularly well-known for their availability of necessary coins like American Eagles, Canadian Gold Maples, South African Krugerrands, and others.
For numismatics fans, they also have a collection of premium and rare medals, coins, and paper money. They offer gold bars in various sizes in addition to coins.
The 1 oz. Gold American Eagle Coin from BGASC is one of the least expensive among the suppliers discussed in this article, and its products are priced quite reasonably.
However, one drawback is that they only provide a few payment methods. Paper checks, PayPal (up to $10,000), credit/debit cards (up to $10,000), and bank wire transfers (up to $400,000) are the only accepted forms of payment. For purchases of $199 or more, shipping is free, and returns can be made within five days. They will buy your gold and silver at the current values shown on their website if you choose to sell it.
Customers have given BGASC high marks for its customer service, praising its knowledgeable staff and prompt response times throughout business hours. Although they don’t offer live chat, they are a Certified Coin Exchange (CCE) member and a Numismatic Guaranty Corporation (NGC)-approved dealer.
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Reason Why We Chose BGASC
We chose BGASC for its unique offerings, such as attractive collector’s pieces and limited edition sets. Their detailed product descriptions on the website are helpful for all precious metal enthusiasts, making the buying experience enjoyable.
Pros:
- Wide variety of gold and silver coins, bars, and rounds
- Transparent and competitive real-time pricing
- Knowledgeable and responsive customer service team
Cons:
- No storage solution
- No live chat support on the site
4. American Hartford Gold
- Shipping Policy: They offer free shipping and insurance on all orders without any minimums.
- Storage: Yes, they provide storage services.
- Return Policy: They offer a buyback commitment.
A business called American Hartford Gold deals in precious metals like gold, silver, and platinum. They provide various-sized bars and coins. They will transport the metals to your house if you purchase from them. Additionally, they can assist you store them or invest in a retirement account like an IRA or 401K.
They stand out for their dedication to providing outstanding service and ensuring total customer satisfaction. In addition, they offer instructional resources and can be reached by phone if you require expert counsel. They are genuinely concerned about their clients’ experiences and want to make sure they’re satisfied.
Reason Why We Chose American Hartford Gold
We chose American Hartford Gold for its strong buyback promise, allowing customers to sell back their gold and silver at fair prices. They also provide excellent customer service, helping clients understand the gold and silver market.
Pros:
- Competitive pricing on a diverse portfolio of gold and silver products
- A+ rating with the Better Business Bureau
- Offer personalized precious metal investment strategies
Cons:
- No live chat support
- Lack of pricing information on the website
5. Silver Gold Bull
- Shipping Policy: Orders above $199 get free shipping.
- Storage: Yes, but there’s an added fee for storage.
- Return Policy: You can return products within 2 business days of delivery.
A reputable online precious metals merchant offering a large selection of gold and silver products for investors and collectors is Silver Gold Bull, which was founded in 2009. Customers can easily locate what they need because to their real-time pricing, user-friendly website, and practical search criteria.
Additionally, they offer consumers useful tools to teach them about precious metals and investment techniques. A seamless and secure purchasing experience is made possible by secure delivery, insurance, and a variety of payment methods, including cryptocurrencies.
Reason Why We Chose Silver Gold Bull
We chose Silver Gold Bull for its knowledgeable customer support team and easily navigable website, making it a hassle-free platform for both new and experienced investors.
Pros:
- All shipments are fully insured
- Extensive range of gold and silver products
- Offers discounts on certain payment methods
Cons:
- Strict return policy
- Storage options require an additional fee
6. BullionMax
- Shipping Policy: If your order is above $199, you get free shipping.
- Storage: They offer storage services.
- Return Policy: You can return non-bullion items within 3 days of receiving them. However, all bullion product sales are final.
Online retailer BullionMax offers both gold and silver products. They have a “A” rating from the Better Business Bureau and a good reputation. You can purchase a variety of gold and silver products, including coins, bullion, rounds, and bars, on their secure website. They provide free shipping on orders over $199.
The price is only locked for 10 minutes when you add something to your cart because precious metal values might fluctuate quickly. After then, things might change, so be careful to decide right away.
Reason Why We Chose BullionMax
We chose BullionMax for its transparency and educational resources, such as market news and investing guides, which help customers make informed decisions.
Pros:
- Excellent customer support with live chat and phone assistance
- Secure and user-friendly platform
- Offers competitive prices with low premiums
Cons:
- Limited return policy
- No international shipping
7. Oxford Gold Group
- Shipping Policy: Free shipping and insurance on all orders within the United States.
- Storage: They offer storage services.
- Return Policy: The return policy is not explicitly stated on their website.
You can purchase precious metals including gold, silver, platinum, and palladium from Oxford Gold Group. They have an excellent BBB rating, which demonstrates their reliability. Although it’s simple to store gold and silver at home, this company also provides storage solutions to keep your valuables secure.
They provide you a range of possibilities if you wish to invest in real assets to diversify your portfolio. Coins, bars, bullion, and even rare coins are options. You can get assistance from a team of professionals who are always on hand, or you can hire a personal account manager to walk you through your initial purchases. Additionally, they have a beneficial guide to buying precious metals.
Reason Why We Chose Oxford Gold Group
We chose Oxford Gold Group for its knowledgeable sales team, robust storage options, and easy online ordering process, making it a top choice for buying gold and silver online.
Pros:
- Exceptional customer service
- Wide range of products
- Partners with reputable storage facilities
Cons:
- Return policy details are unclear
Product prices are not displayed online
8. Money Metals Exchange
- Shipping Policy: Orders over $500 get free shipping, while orders below $500 have a flat shipping rate of $7.97.
- Storage: They offer storage services.
- Return Policy: They offer a 3-day return policy with a 5% restocking fee.
Money Metals Exchange was founded in 2010, and since then, it has quickly expanded its clientele by emphasizing low prices and superior customer service. Their website is simple to use, making it simple for customers to purchase for coins and bullion. For as little as $100 per month, new investors can begin with a savings plan.
To allow you time to finish your transaction, they lock in your price after you make a purchase for 10 minutes. With varying purchase limitations and costs, you can pay with a bank wire transfer, bitcoin, credit/debit card, money order, PayPal, check, or money order.
For orders above $500, shipping is free; for orders under $500, shipping is $7.97. For orders paid for with a credit card, they may charge a 5% restocking fee and have a three-day return policy. Additionally, they provide a buyback program, claiming to offer the best price among rivals.
Money Metals offers Class 3 vault storage with fully segregated and insured metals in Delaware and Massachusetts. During business hours, they provide helpful customer assistance via live chat, phone, or email. Additionally, there is a library of resources on their website that can be used to learn more about investing in precious metals, and they offer price alerts to assist investors in making wise choices.
Reason Why We Chose Money Metals
We chose Money Metals for its transparency in pricing and dedication to customer satisfaction, earning them numerous industry awards and establishing them as a reliable and trustworthy choice for buying gold and silver online.
Pros:
- Extensive range of products
- Comprehensive resources in their Knowledge Center
- Discounts offered for military members
Cons:
- Limited international shipping
- Restricted return policy
9. SD Bullion
- Shipping Policy: If your order is over $199, you get free shipping.
- Storage: They provide storage services.
- Return Policy: They offer a 3-day return policy, but there’s a 5% restocking fee (minimum $35).
With a low-price guarantee, SD Bullion stands by its claim that it is the most affordable online gold dealer in the United States. Although their collection of precious metals is smaller than some other dealers’, it still offers gold, silver, platinum, copper, and palladium.
They will match any cheaper price you discover and offer free shipping on orders over $199. They allow a variety of payment methods, each with varying fees and limits, including Bitcoin, credit/debit cards, PayPal, and more.
For the first three months of your storage with them, they will store your gold for free; thereafter, a monthly cost based on the quantity saved will apply. Refunds are not guaranteed, and they may impose a restocking fee and ask you to pay for any market loss. Returns are allowed within three days of delivery.
Customers typically have great things to say about SD Bullion’s customer service, citing easy access to agents by phone, chat, and email, as well as swift purchasing and delivery.
Reason Why We Chose SD Bullion
We chose SD Bullion for its price-matching policy and claim of offering some of the lowest prices in the precious metals market. They cater to budget-conscious investors and strive to remain cost-effective.
Pros:
- Wide range of educational resources
- Secure storage partnership
- Customer-focused approach
Cons:
- Restocking fee on returns
- Cancellation fee of $35
10. Golden Eagle Coins
- Shipping Policy: You get free shipping on orders over $99.
- Storage: They don’t offer storage services.
- Return Policy: You have 7 days to return items, but there’s a 5% restocking fee.
If you’re more of a coin collector, you might be interested to know that Golden Eagle Coins, which has been in business since 1974 and has a wonderful record for satisfying customers, provides a large selection of gold coins, including valuable and numismatic ones.
Their selection of coins is outstanding and includes well-known coins like American Eagles, Krugerrands, and Maple Leafs in addition to pre-1933 coins, commemoratives, and foreign coins from various nations. Other offerings include selling coins made of copper, platinum, silver, and other metals.
Their collection of ancient Arabic, Greek, Roman, and medieval coins is outstanding, and they even sell historical paper money like Confederate and Colonial notes.
Although they are not the cheapest, their pricing are reasonable. However, customers visit Golden Eagle Coins not just for the prices but also for the wide variety and top-notch support they offer.
They offer a number of payment options, with varying purchase thresholds for each, including bank wire transfers, PayPal, and credit cards. For orders above $99, shipping is free, and there are return procedures in place.
Despite not having live chat, thousands of reviews indicate that their customer service is excellent. Customers are quite satisfied with their service, they reply quickly to phone and email concerns, and they have an excellent online reputation.
Reason Why We Chose Golden Eagle Coins
We chose Golden Eagle Coins for its long-standing reputation, excellent customer service, and an impressive selection of gold coins.
Pros:
- In business since 1974
- Extensive selection of gold coins
- Solid online reputation
- Excellent customer service
- Seven-day return policy
Cons:
- A limited selection of gold bars
- No live chat support
11. Kitco
- Shipping Policy: You get free shipping on orders of $5,000 or more.
- Storage: They offer storage services.
- Return Policy: They don’t accept returns, but they will exchange damaged items.
A secure online marketplace where you may buy and trade gold and silver objects like coins, bars, rounds, and collectibles is provided by Kitco, a company founded in 1977. Additionally, they offer useful news, prices, charts, and details on gold and silver.
You have several alternatives when purchasing gold and silver from Kitco. The tangible goods are available for purchase and delivery. Or, if you’d like, Kitco will store them for you in safe vaults. Another choice is to own a portion of the precious metals pool that Kitco safeguards for its clients.
Reason Why We Chose Kitco
We chose Kitco for its exclusive offering of Kitco GoldChain, a blockchain-based product, and its real-time price alerts, empowering customers to make prompt investment decisions.
Pros:
- Live chat support
- Consistently competitive pricing
- User-friendly interface
Cons:
- Limited storage locations
- No mobile app
12. Buying from a Private Seller
Gold owners and collectors may occasionally use online stores like eBay to sell their possessions to the general public. Despite the possibility of finding rare items or receiving gold at a discount, there are hazards involved.
Private sellers might not offer buying advice, and the gold’s authenticity or quality are not guaranteed. Another issue is the potential for purchasing counterfeit gold.
Pros:
- Potential to get gold at a discount.
- Chance to find rare numismatic gold coins to complete your collection.
Cons:
- Risk of being sold a fake gold item.
- Lack of purchase guidance from a professional.
- No guarantee of the quality or authenticity of the gold you are buying.
13. Buying from a Jeweller
It can be practical to buy gold bars from a jeweler, particularly if you choose a place that is nearby. Some jewelers frequently keep tiny amounts of gold coins on hand, sometimes with the goal to sell them like rings or necklaces.
But it’s also important to proceed with prudence. You might pay larger margins since gold might be viewed as a gift rather than an investment, and the trade quality of the gold bars might not be the same as those purchased from a dealer. Despite these limitations, dependable jewelers can be relied upon sources for gold bars, therefore it is still beneficial to research and evaluate alternatives before making a choice.
Pros:
- Convenient physical location, likely closer to you.
- Smaller amounts of gold available for immediate purchase.
- Trust in the bars from reputed jewelers.
Cons:
- Uncertainty about the trading quality (carat and fineness) compared to buying from a dealer.
- Higher margins due to gold being considered a gift rather than an investment.
What you should know when buying gold bars
When you’re buying gold and silver online, pay attention to these important things:
- Trustworthy dealers. It’s crucial to buy from dealers with a good reputation and a long history in the business.
- Secure websites. Make sure the website you use is safe and trustworthy, so your personal and financial information stays protected.
- Transparent pricing. Look for dealers who clearly show the metal’s price, any extra fees, and the premium charged.
- Variety of products. Choose a dealer with a wide selection of options, like coins, bars, or collectibles, to suit your investment goals and budget.
- Secure payment and delivery. Use dealers with secure payment options like credit cards or bank transfers, and make sure they offer insured shipping with tracking.
- Customer support and return policy. Good customer service is essential. Check if the dealer has responsive support through phone, email, or live chat. Also, review their return policy in case you need to return or exchange something.
Not all dealers can be trusted. Do your homework and be wary of anyone promising quick riches. Before making a purchase, become knowledgeable about frauds.
Conclusion
The topic “where to buy gold bars” is now complete. When purchasing gold bars, be sure to choose a reputable vendor that offers enough insurance for your purchases as you would with any other form of purchase.
Each vendor or dealer listed in this article deserves closer examination because they provide various options and services. Make sure you thoroughly explore your options and select the one that best suits you before making a purchase.
Faqs
How much is a gold bar worth?
The spot price of gold is approximately $2000 per ounce as of July. Depending on the dealer and other variables, the price you’ll pay for a one-ounce gold bar with 99.9% pure will probably be 5% to 10% higher than the current price.
Is gold a good investment?
A recent Gallup poll found that 26% of Americans believe gold to be the best long-term investment. Compared to 15%, this percentage is almost twice as high. Stocks were less popular as an investment than gold, ranking only 18%, down from 24% the year before.
Which company’s gold bar is best to buy?
Overall, there is no one best company; each dealer has advantages and disadvantages. The best strategy is to contrast several businesses and dealers, taking into account their advantages and disadvantages, before deciding which one best meets your needs.
