Gold has always been a popular option for storing wealth. Because of its perpetual shelf life (gold is indestructible) and limited, predictable supply (virtually all of the gold produced through history is still in circulation, and gold mines only add 1-2% to the total stock every year), gold maintains its purchasing power over the long-term.
Due to these factors, investors typically see gold as a safe haven in times of economic crisis. Just look at 2020, when the price of gold skyrocketed as high as 40% in the six months after the Federal Reserve made emergency rate cuts in an attempt to contain the economic fallout from the coronavirus.
Silver is also seen as a safe haven, although perhaps not as safe as gold. Unlike gold, silver is used in a lot of industrial applications–such as semiconductors, solar panels, and medical devices, which severely limits the supply of silver available for investment. As a result, the silver price is subject to more extreme fluctuations than gold. In other words, silver has a higher risk/reward ratio.
If you’re thinking about investing in gold or silver, there are a few different ways you can go about it. You can purchase shares of mining companies that produce gold and/or silver; purchase shares of an exchange-traded fund (ETF) that tracks the price of gold or silver; or actually buy physical gold or silver bars or coins (known as bullion). The purpose of this article is to help you find the best place to buy gold and silver online.
Founded in 1977, Kitco runs a secure online platform where you can buy and sell gold and silver coins, bars, rounds, and collectibles. It also happens to be one of the best sources of gold and silver news, prices, charts, and information. Kitco offers several options for buying gold and silver. These include physical purchase and delivery; storage in secure vault facilities; and ownership of a share of a pool of precious metals held by Kitco on customers’ behalf.
Monex Deposit Company (trading as Monex Precious Metals) can trace its origins back to 1967, when founder Louis Carabini opened a small coin shop in Long Beach, California. Today it operates one of the largest online platforms for gold and silver retail investors in the United States, offering coins, bars, rounds, and collectibles from various mints around the world. Personal delivery is made by UPS or the U.S. Postal Service's Registered and Insured Mail by request.
Founded in 2010, Money Metals Exchange is a fast-growing private dealer of gold and other precious metals. It is the best place to buy gold online if you only want to invest in small increments. That’s all thanks to its monthly gold/silver savings plan, which lets you automatically purchase a small amount of gold and silver for as little as $100 per month. Money Metals will deliver the gold bullion and silver directly to you, or you can store your metals at its secure depository.
JM Bullion is an exclusively online retailer of gold and other precious metals products established in Dallas in 2011. In addition to gold bars, it offers a fantastic selection of limited coin mintages and collections. For example, when we last visited the site it was offering the new Nevada Goldback gold notes, Halloween-themed silver bullion, a unique Australian animal collection from the Perth mint, and the beautiful Wild Canada series of silver coins. The JM Bullion website also has a page highlighting the best weekly deals.
Also from Dallas, Texas, Provident Metals serves precious metals investors throughout the U.S. and Canada. It is a member of the Certified Coin Exchange, which connects top rare coin and bullion dealers from around the world. As a result, it is one of the best places to buy rare gold and silver coins online. Provident Metals delivers orders to your door with discreet shipping labels to protect your investment.
Founded in Ottawa Lake, Michigan in 2011, SD Bullion has executed more than $1 billion in sales and twice appeared on Inc. Magazine’s list of the 500 Fastest Growing Companies in the United States. It offers free shipping on all orders over $99, the most generous shipping policy among the best sites where you can buy precious metals online. It also offers secure international shipping.
GoldSilver has been providing precious metals education and bullion-dealer services to retail investors since 2005. Its website is well-designed, making it easy to sort through the gold and silver bars, coins and jewelry on offer. Helpfully, GoldSilver has special pages dedicated to IRA-eligible gold and silver products. Only certain bullion is approved for purchase in a precious metals IRA. If you’re thinking of including bullion in your individual retirement account, then GoldSilver may be the best place to buy gold and silver online.
Based in Oklahoma City, APMEX is one of the world’s largest online retailers of precious metals, with more than $11 billion in transactions since its founding in 2000. It serves a wide range of customers, from collectors to investors to wholesale dealers. APMEX offers a wide range of payment options, from credit/debit card to PayPal to bank wire to Bitcoin. It also offers free shipping on all orders over $99, which as we mentioned earlier is as good as it gets.
Golden Eagle Coins has been serving retail investors and collectors since its establishment in Maryland in 1974. These days, it also sells gold, silver, and other precious metals through a secure online platform. Helpfully, it also sells gold and silver over the phone during regular business hours. It also maintains a retail showroom conveniently located within a half-hour of the DC and Baltimore metro areas.
Based in Dallas, Silver.com is an exclusively online retailer of silver, gold and other precious metals. With a wide selection of products, it is one of the best places to buy silver coins online from government and private mints. The other reason Silver.com is worth checking out is because of its customer service, which includes in-house bullion experts who you can consult with on your investment.
As this guide proves, you don’t have to be wealthy to invest in gold and silver. Thanks to online precious metals sellers, you can easily buy your share of bullion and have it securely delivered to your home or stored in a vault for safekeeping.