More and more investors are turning to precious metals to diversify their investment portfolios due to the rising stock market volatility and political instability. Gold which has historically held its value during big stock market swings has shown to be a successful inflation hedge.
Owning physical gold is usually preferable for long-term investors over holding gold mining equities, gold receipts, or gold ETFs. It has never been simpler to buy high-quality physical precious metals and have them transported home or held in a secure vault, thanks to the establishment of online gold dealers. However, there are occasional reports of fake metal coins or gold being offered online, so you need to make sure you are buying from a reputable seller.
This guide will walk you through buying gold online from dealers with a clean track record.
Best Placed To Buy Gold Online
1. JM Bullion
Our vote for the online gold seller with the best services is JM Bullion, which offers its clients a user-friendly website, a fair price structure, committed customer service, and investor-friendly features.
Since its establishment in 2011, JM Bullion has expanded significantly, earning the title of “fastest-growing precious metals firm” in the United States on Inc.com. This expansion is attributed to JM Bullion’s dedication to providing a broad range of products, honest pricing, devoted customer assistance, and an easy ordering experience. This qualifies it as our top pick for the finest customer experience among online gold dealers.
A JM Bullion advisor can help those who want to invest in starting a precious metals IRA by forwarding their acquired gold into the account of their choice and providing more information about the process.
The company is BBB accredited and regarded as one of the top US suppliers of precious metal investments.
2. Money Metals Exchange
This is the next best place to buy gold online. Customers can purchase, sell, and own investment-grade metals through Money Metals Exchange, a nationwide bullion broker.
Cash or various payment methods, such as wire transfers, cheques, credit/debit cards, digital funds transfers, and cryptocurrencies like Bitcoin, can be used by customers to make purchases.
3. Acre Gold
The company Acre, which operates Acre Gold, promotes itself as a brand devoted to assisting consumers in finding and acquiring precious metals. The business believes that the techniques for purchasing gold are archaic and often restricted to unreliable e-commerce sites or pawn shops. In times of economic crisis, Acre, a company with offices in Santa Monica, California, and Boise, Idaho, feels that owning genuine gold can offer important security and peace of mind.
It is our third choice of the best place to buy gold online.
How To Buy Gold From JM Bullion
The first time you submit your bullion’s weight and information, a quote is provided. You guarantee the offer when you check out, which means you will be paid the agreed-upon sum provided your product meets the description. You then get email instructions on how to package and ship the products.
The transaction is finalized, and payment is made once your bullion has been received and verified by the JM Bullion inventory staff. Depending on where you live, the entire process takes a couple of days.
If you used the automatic buy-back service, you might discover that not everything has a specified price; in this case, you must call or email one of the specialists. Everything else remains the same as before. The only difference is that you need to contact the company’s representatives to learn more about costs.
If you decide not to store your precious metals personally, JM Bullion has collaborated with Transcontinental Depository Services (TDS) Vaults to guarantee their safety.
TDS is located in Singapore, Zurich, Las Vegas, and Toronto.
When you buy precious metals from JM Bullion, all you need to do is open an account with TDS, choose one of their available four storage facilities, and securely hold the metals there.
TDS offers two types of insurance. They are covered by the vault’s insurance and a commercial “all-risk” insurance coverage for the metals they have on hand.
JM Bullion provides a five-day return window, but they don’t mention if there is a fee for restocking.
Customers will not buy back anything worth less than $1,000, and they will be responsible for covering any market losses caused by the return.
On the website, you may see a list of their buyback pricing.
JM Bullion supports several payment options:
- Credit Cards
- Wire Transfer
They even permit purchases made using the well-known cryptocurrencies Bitcoin and Ethereum. Customers will notice that varying rates will be applied to various payment options.
They also provide discounts for bulk purchases for members of the military.
JM Bullion doesn’t charge additional commissions or fees; instead, they make money by adding a small spread to the market rate.
They offer free delivery for orders over $199. However, customers who wish to get their bullion and other metals will be charged for delivery. For smaller orders, they charge $7.99.
Their pricing for gold and other precious metals, along with the market price, is posted on several website pages.