How to Buy Gold Online

If you are new to buying gold bullion on the internet, the whole process can seem a bit confusing and even intimidating. Don’t be worried, though, because it is actually quite easy to buy gold online. The only thing that you need is some money to make your purchase. Beyond this, you don’t need to know anything about investing to get started buying right away.

Options for Buying Gold Online

There are seemingly endless options when it comes to buying gold. The two primary ways to buy gold are through ETFs (exchange-traded funds) and physical silver. The best, easiest, and smartest way to start buying online is definitely with actual physical gold that you can hold. ETFs are essentially paper stocks that represent physical gold, but are not always necessarily backed by the gold that they say they are. There is literally no benefit to buying an ETF over the metal itself unless you are trading millions of dollars worth of bullion at a time. Needless to say, this is not the case for virtually anyone. Now that you know that actual physical gold bullion is the best way to go about buying, you are well on your way.

Where to Buy Online

Our strongest recommendation is to buy your gold from a highly trusted and reputable online gold company, such as those promote right here on this site. The best site to buy from is APMEX. APMEX is the American Precious Metals Exchange, located in Oklahoma within the United States. This company essentially serves as an online precious metals dealer. The reason that you should buy online vs. at a local store is because you will have more options to choose from, the prices will be lower, and you can rest assured knowing that you are getting what you paid for. While there are definitely other places out there to shop at, this is our highest recommendation.

How the Process Works

The actual process of buying gold on the internet is just the same as it is for buying pretty much anything else on the internet. The first step is to make a free account on the site where you are placing your order. After this, you add the items that you would like to buy to your shopping cart or order, make your payment, and then proceed to checkout. It really could not get any easier. There are no complicated sets of information that need to be filled out, payment can be made with almost any method, including credit card, and the products will be delivered right to your door. When you shop for physical gold on the internet, the beauty is that you will have the items that you bought right in your hands, not just some piece of paper representing your investment.

Finding the Best Price for Gold

If you are buying from one of our recommended dealers, you will not need to worry about paying for gold. These companies always have their precious metals priced to meet the exact up to date current market prices. If they ever tried to gouge or cheat their customers, they would inevitably go out of business. You don’t need to be an expert on whether or not you are paying fair prices for your gold bullion if you are buying from a gold website who has no interest in cheating you whatsoever. There is no doubt that some places will charge too much for gold, but these unscrupulous people are much scarcer online than they are in brick and mortar stores.

What to Buy

You are now familiar with the general process of buying gold online, but the next step is deciding what to buy. Both the short and long answers to these questions are: it’s up to you. Some of the most popular purchase choices for buyers of gold include bars, coins, and rounds. When it comes to gold, coins will be the most expensive because of their collectible value. If you want to buy your items at the closest price to spot as possible, rounds and bars will be your best bet. You can hardly go wrong with any of these three, though, so don’t stress out about what form your gold takes, just know that you will have it in your hands and that it is a tremendous investment whether it’s a coin, bar, or round.