When buying gold and silver as a protection against inflation, it is important to know the online sellers of gold and silver. To avoid breaking, take my advice on these gold and silver dealers, as I have dealt with most of them.
It is important to note that you buy gold and silver as an investment only for their metal content. You don’t want to buy numismatic or rare coins, as many have a higher premium than the spot price.
As an investor in gold and silver, you will want to buy as much metal as possible at the lowest price. A good thing to remember is to just buy bullion or gold and silver bullion coins.
Many coin dealers will try to sell rare and precious coins because they receive a very large premium from the selling price. Just buy bullion coins and bullion so you don’t break like me.
Now let’s talk about the best places to buy gold and silver online.
Monex is one of the most beautiful and user friendly websites for gold and silver. There are many explanatory videos about every metal you can invest in. Monex does its best to be aware of the products you actually buy. Monex has a good metal option to choose from, but bullion stocks are a bit lacking. Monex provides a list of each item they sell.
Prices on Monex are slightly higher than elsewhere, but they score 10 points in website design. In general, Monex is worth taking the time to check, at least to watch the videos. You will learn a lot only from the website and you can only decide to go with Monex as your gold and silver seller online.
eBay.com is a great place to buy your precious metals. eBay has a huge marketplace for almost everything you want to buy, not just gold and silver. The best thing about buying gold and silver coins on eBay is the huge selection.
If you shop around, you can find cheap offers and sometimes you can get silver coins at a spot price on eBay. I use eBay to buy gold and silver, but if you don’t find a rare deal, most are a little more than I want to pay the prices. If you choose the right seller, you can get free shipping on gold and silver coins many times.
In general, eBay is a reliable and convenient option for buying your gold and silver coins and bullion.
I’ve heard good reviews about Bullion Direct, but I’ve never bought from them personally. Bullion direct has a descent inventory of metals, but websites are not as user-friendly as Apmex or Monex.
You can direct your money to a Bullion Direct self-administered IRA, but the prices on coins like the American Silver Card do not match the Apmex prices. If you have an IRA with an approved IRA guard, you can invest your tax-deferred funds in gold and silver coins and bullion.
You will actually have physical metals, but they will be stored either in the vault of Bullion Direct or in a company they choose to store your metals. An IRA via Bullion Direct is not a bad idea. It’s not a bad idea to buy physical metal from Bullion Direct, but there are other alternatives that may be more useful for your wallet.
Goldline has a nice website and a good inventory to choose from. Goldline’s shipping and customer service is high in my opinion, so it’s a good place to start. Goldline, like Bullion Direct, offers a precious metal IRA.
The only problem I see is that they don’t show prices on websites. Unlike Apmex or Bullion direct, prices are hidden and “call to order” is written. Glenn Beck of Fox News is a Goldline supporter and sometimes advertises for them in their ads. I like a celebrity to promote this work, because I feel good buying from them.
I think I got a good deal when I bought from Goldline, but I’m not crazy about the hidden price. Overall, I think Goldline is a rising company and a good place to trade. You may want to call and get some quotes before you plan to buy.
Apmex.com is my favorite place to buy gold coins, silver coins, silver bullion, gold bullion, American Golden Eagles and American Silver Eagles. Apmex has a large IRA of gold, silver, platinum, palladium, rare currencies and precious metals.
Apmex has great prices, I found the cheapest and usually ship within a week. Apmex is always selling and is a listed product. Apmex also has excellent packaging for your product. They go from top to bottom to make sure you have your items. Don’t shoot around.
Overall, Apmex has a great price, super delivery, great discounts and good customer service. I give A +++ to Apmex.com.