You need to be able to identify the top online silver and gold dealers before you buy gold or silver as a hedge against inflation. Because I've dealt with almost all of these dealers, you can avoid being scammed. Let's read more about gold IRA broker.
It is important to keep in mind that gold and silver are only purchased for their metal content. Numismatic and rare coins are highly valued at a higher price than the spot price.
As an investor of silver and gold, you will want as much metal at the lowest possible price. Remember to only purchase bullion and gold bullion coin.
Many coin dealers will attempt to sell you rare or graded coins at huge discounts over the spot prices. You can avoid being scammed like I was by buying bullion coins or bars.
Let's now talk about the top online places to purchase gold and silver.
Monex's website for silver and gold is among the best and most user-friendly. They offer very detailed videos about each metal that you might be considering investing in. Monex really makes it a point to give you information about the products that they offer. Monex has a great selection of metals but their bullion inventory is not as extensive. Monex provides a list price for every item they sell.
Monex prices are more expensive than others, but their website design scores a 10. Monex is definitely worth the effort, even if it's just to view the videos. Monex is your online dealer for gold and silver. You'll learn a lot just by looking at the website.
eBay.com can be a great place for precious metals to be purchased. eBay.com has an enormous marketplace that sells not only gold and sterling, but almost any other metal you wish to purchase. The best part about buying silver and gold coins on eBay?
There are often great deals if your search is broad enough. You may also find silver coins that sell for less than the spot price. While I do use eBay to purchase gold and silver, the prices are generally higher than I prefer to pay unless there is a special deal. You can often get free shipping on silver and gold coins if the seller is right.
eBay is considered a safe and viable option for buying bullion and coins of gold and silver.
Bullion Direct has received some positive feedback but I haven't purchased anything from them. Bullion Direct offers a low inventory of metals. However, their website is not as user-friendly than Apmex or Monex.
Bullion Direct self-directed IRAs are available. However, their prices on coins like American Silver Eagle don’t compare to Apmex. An approved IRA custodian will allow you to use tax-deferred funds to purchase bullion and gold coins.
Although you will hold the physical metals in your possession, they will be stored in Bullion Direct or another company. Bullion Direct offers an IRA. Bullion Direct can be a great place to buy physical metals. However, there are other options that may be better for your wallet.
Goldline has a beautiful website and a good selection of inventory. Goldline's customer and shipping service is excellent. I recommend it as a place to begin. Bullion Direct offers a Bullion Direct-like precious metals IRA through Goldline.
They don't list the prices on their website, which is the only problem. They do not quote prices on their website, unlike Bullion direct and Apmex. Instead, the price is hidden and it says "call for orders". Glenn Beck of Fox News is a Goldline proponent, and he sometimes advertises for them through his commercials. Because it makes me feel more confident buying from them, I enjoy the fact that they have a familiar face promoting their business.
While I believe I have received a good deal by purchasing from Goldline I am still not happy with the hidden price. I consider Goldline a strong company and a great place for business. It is worth calling and getting price quotes before making a purchase.
Apmex.com has my top choice for buying silver coins, gold bullion and gold bullion. Apmex stocks a lot of precious metals IRA's.
Apmex is the best online marketplace for shipping. They have great prices and ship in less than a week. Apmex offers marked down products and sales all the time. Apmex can also provide great packaging for your product. They do everything to make sure you get the best packaging possible. Don't let your items get damaged.