Gold is usually a safe bet when the market is down. It would be nice to know that you have some relatively stable assets in a world where gas prices can reach all-time highs, and invisible crises like global pandemics can sweep the globe. Even if you’re not trying to offset inflation and market volatility, gold is a great asset for diversification.
Buying gold online is one of the easiest ways to get hold of the precious metal (and quite a few other metals), but is it safe, and can these traders be trusted? We will find out.
Why buy gold online?
Buying anything online can seem riskier than doing it from a real store. After all, you can inspect the product before paying the money, take it home right away, and you know who to look for if there is a problem. Not to mention, it eliminates the risk of losing your product during shipment.
If you can do it all in a real store, why choose online merchants?
One interesting (and winning) point is that you will usually get a cheaper price online. Online bullion dealers do not need to pay rent, so they do not usually charge higher premiums. If they keep their inventory on site, there’s also the issue of insurance and the smaller size of ready-to-go products.
Places like Money Metals Exchange, which is a real winner in our eyes, JM Bullion and Acre Gold are all online precious metal exchanges that have received very positive reviews.
Best Place to Buy Gold Online – Trustworthy Dealers
1. Metal exchange for money
Metal exchange is our number one choice for many reasons. Not only are the prices for precious metals very competitive, the shipping costs are non-existent if you buy products worth more than $500 – which is not difficult.
You can buy precious metals, sell your current collection, or even take out loans for the gold and silver you own. Security is one of the biggest concerns of people when purchasing such valuable items online.
Of course, you can choose to have your purchase sent directly to you, but many Money Metals Exchange customers choose to store their metals with the company. Money Metals Exchange keeps everything safe in a state-of-the-art storage facility.
The exchange offers not only gold, but silver, copper, platinum, rhodium and palladium. Money Metals Exchange also won the Precious Metals Dealer of the Year award for 2020 from Investopedia. It is also rated very highly by the Better Business Bureau and is certified.
- Free shipping on orders $500 +
- Very competitive prices
- storage services
- Provides access to many precious metals
- Shipments are insured
- Many payment gateways
- Beginner Portfolio Recommendations
- Many useful resources
- Has a buyback program
- You may incur transaction fees
2. JM Alloy
If there’s a reason you don’t want to go to the Money Metals Exchange, JM Bullion is the next best thing. It is another precious metals exchange that has got very favorable A+ ratings and at least 4 star reviews.
Offers the same precious metals exchange as cash metals and similar services as well, but the only thing that puts them back in second place is that they don’t ship products outside the US
However, you can take advantage of the storage system offered by JM Bullion, which is free for 6 months for assets over $3000!
There are also many useful resources available on the JM Bullion website, and it even doubles as a crypto exchange (Bitcoin)! Bitcoin also accepts payment.
- Storage in a secure facility
- It accepts and has encryption
- Helpful resources are available
- Rated high
- Buyback Features
- Offers a range of products
- Excellent customer service
- intuitive site
- Not available outside the US
3. Acre Gold
If for some reason the first two suggestions don’t convince you, Acre Gold will. It is a little different from the usual bullion exchange because it offers subscriptions. If you don’t have the money for a whole piece of gold, you can start partial purchases!
This is a great option for beginners or those who do not have a lot of capital. Once you have paid the full amount of the strip, Acre Gold will ship it to you. There are 3 subscription plans to choose from and you can modify your account as necessary. But note that refunds are not possible once the physical product has been shipped.
Acre Gold also adds some incentives to clients with its referral and affiliate program. If there is one thing we can ask Acre Gold to improve, it is to offer more channels for customer support.
- Each tape comes with a certificate of authenticity
- Tamper evident packaging for shipping
- Partial purchases
- 3 subscription plans
- Referral and Affiliate Programs
- Low entry threshold for mineral investments
- Customer service is only available via email and social media
Price is everything for most investors, but we have a treat for you. Discover what Money Metals Exchange can do for you through our link for additional benefits. If you like JM Bullion, check it out. For people interested in partial purchases, Acre Gold can accommodate you here.