8 Best Places to Buy Gold Online in 2023: Top Gold & Silver Dealers

Embarking on the journey of investing in precious metals? With a plethora of options at your fingertips, it’s essential to find the most reputable gold dealer. This comprehensive guide highlights the best places to buy gold online, focusing on stellar gold and silver dealers who have mastered the art of precious metal trading.

Decoding the World of Online Gold Dealers

What is an online gold dealer? Essentially, these savvy companies are the gateway to buying and selling gold, as well as other precious metals, on the internet. They employ a mosaic of tactics such as auctions, spot pricing, and over-the-counter trades. A key advantage is that these dealers often offer competitive pricing and secure logistics, encompassing storage and shipping services, making your investment journey smooth and safe.

8 Best Gold Dealers of 2023

1. Best for Gold Coins: BGASC (Buy Gold & Silver Coins)

BGASC, an acronym for Buying Gold and Silver Coins, is a treasure trove for precious metal enthusiasts. Founded in 2012 and anchored in California, this esteemed dealer boasts an eclectic collection of gold, silver, and platinum coins, bars, and rounds. 

The company has carved a niche with its incredible selection of gold coins, spanning not just U.S. mints but also embracing exotic finds from across the globe – think China, Mexico, Canada, and beyond.

2. Best for Gold Bars: APMEX (American Precious Metals Exchange)

When it comes to gold bars, APMEX reigns supreme. Quality is the cornerstone of APMEX, as they ensure every gold bar, including secondary market offerings, is impeccable. They showcase gold bullion and bars from the crème de la crème of gold refiners, such as Credit Suisse, Royal Canadian Mint, PAMP, and others.

As a hallmark of trust, their 1 oz Gold bars often include an assay card for verifying the bar's purity. Gold bullion on sale, especially Gold bars, come etched with a unique serial number. Smaller Gold bars are meticulously sealed in an assay card that exhibits the matching serial number, weight measurement, and other vital information.

3. Top Pick for Gold IRAs: Goldco

Elevate your retirement game with Goldco, which stands tall among the gold IRA echelons. Showered with accolades across the web, it’s recommended by Sean Hannity, and if that's not enough, it’s also endorsed by Chuck Norris! Goldco is your passport to a gilded future, with diverse avenues to invest in gold or silver through self-directed IRAs.

Whether you fancy premium coins or bars, Goldco has your back. You can either make outright purchases or let your investments flourish in a Goldco IRA account. With options to roll over from existing retirement accounts, Goldco exemplifies versatility.

4. Best for Comprehensive Selection: APMEX (American Precious Metals Exchange)

APMEX makes a grand re-entry on our list, this time winning hearts with its all-encompassing offerings. From coins and bullion to exquisite gold jewelry, APMEX is a treasure hunter’s dream. With a staggering array of over 46,000 unique products, variety is the spice of life at APMEX.

5. Best Customer Experience: JM Bullion

JM Bullion may be the new kid on the block, but it’s carving a niche as one of the best places to buy gold online. Offering more than just gold, JM Bullion’s portfolio includes silver, platinum, palladium, and copper. Dealing exclusively in physical bullion, JM Bullion ensures your gold and silver bars and coins arrive at your doorstep in mint condition.

Check our in-depth JM Bullion Review here.

6. Best for Buybacks: Money Metals Exchange

Money Metals Exchange, founded in 2010, is a customer-centric trailblazer. With over 250,000 customers, this platform is synonymous with competitive pricing, tailor-made services, and unparalleled online reputation. It’s a haven for both seasoned investors and newcomers.

Selling your precious metals is a breeze with Money Metals Exchange. Simply give them a ring, lock the buyback price over the phone, and voilà – they send you a purchase order.

Check our detailed review for Money Metals Exchange here.

7. Best Low-Price Option: SD Bullion

In a marketplace often associated with high prices, SD Bullion emerges as a breath of fresh air for the budget-conscious investor. Though relatively new, having been founded in 2012, SD Bullion has quickly built a solid reputation. 

What sets them apart is their commitment to affordability. Their low-price guarantee is a testament to this, as they will match prices if you find a better deal elsewhere.

Read more on our SD Bullion Review here.

8. Best Reputation: Golden Eagle Coins

Golden Eagle Coins is a paragon of trust and reliability. With a legacy that dates back to 1974, this family-owned dealer is an industry veteran. They have earned their stripes through decades of dedication, offering an extensive selection of gold coins. Their solid online reputation is a testament to their commitment to excellence, and their customer service is second to none.

Compare the Best Gold Dealers

FAQs

1. Why Buy Gold?

Investing in gold has been a traditional safeguard for wealth. Here’s why:

1. Diversification: Gold usually moves inversely to the stock market and currency values, providing an effective diversification. This makes it one of the safest places to invest in when looking to secure your wealth.
2. Intrinsic Value: Unlike paper currency or other assets, gold has intrinsic value due to its rarity and demand.
3. Protection Against Inflation: Gold has historically been an excellent hedge against inflation as it tends to increase in value when the cost of living rises.
4. Global Acceptance: Gold is universally accepted as a form of currency and can easily be bought or sold anywhere around the world.
5. Wealth Preservation: Over the long term, gold has maintained its value in terms of purchasing power and is often passed down through generations as an heirloom.

2. How to Buy Gold Online?

1. Research the Best Gold Dealers: Look for reputable gold dealers online, such as APMEX or Golden Eagle Coins. Check for customer reviews and ratings.
2. Understand Pricing: Know the difference between spot prices and premiums. Spot is the current market price, and premiums include additional costs for refining, minting, and distribution.
3. Choose Your Gold: Decide what form of gold you want to purchase, such as gold bars or gold coins.
4. Secure Checkout Process: Make sure the website has a secure checkout process. Look for HTTPS and security certificates.
5. Select a Payment Method: Most dealers accept various forms of payment including bank transfers, credit cards, and even checks.
6. Confirm and Track Your Order: After purchasing, you should receive a confirmation with details of your order. Many dealers offer tracking for your shipment.

3. How do you choose a reputable gold dealer?

Choosing the most reputable gold dealer involves a few key considerations:

1. Years in Business: Typically, dealers who have been in business for a long time are more reliable.
2. Customer Reviews and Feedback: Look for positive reviews and feedback on third-party websites.
3. Accreditations: Check if the dealer is accredited by recognized organizations such as the Better Business Bureau (BBB).
4. Transparent Pricing: Ensure the dealer offers clear and transparent pricing without hidden fees.
5. Customer Service: A dealer with good customer service is crucial. Check if the dealer is easily accessible and responsive to queries.

4. Where to buy gold at the lowest price?

Finding the cheapest place to buy gold online involves:

1. Comparing Dealer Prices: Compare prices among various dealers, and look for those with price-match guarantees.
2. Buying in Bulk: Sometimes, buying larger quantities can save on premiums.
3. Timing Your Purchase: Monitor gold prices and try to buy when the prices are lower.
4. Consider Online Dealers: Online dealers often have more competitive prices compared to brick-and-mortar stores.

5. Where is the best quality of gold from?

The quality of gold is not necessarily determined by its place of origin but rather by its purity. However, certain mints are known for high-quality gold products:

• Swiss Pamp Gold Bars: Known for their purity and excellence.
• Canadian Maple Leaf Gold Coins: Produced by the Royal Canadian Mint, they are known for high purity.
• Australian Perth Mint Coins and Bars: Known for remarkable designs and high purity levels.

6. Why is gold a store of value for wealth?

Gold has been a store of value for wealth for centuries because it is durable, divisible, has intrinsic value, and doesn’t corrode. Its supply is limited, which helps it retain value over time. In uncertain economic times, gold is often seen as a safe haven for investors.

Final Thoughts

If you’re considering buying gold, the best spots for buying gold online provide convenience, selection, and security. Always remember to research the best places to buy gold and ensure that you are purchasing from reputable gold dealers online. Whether you are looking to buy gold bars, gold coins, or other precious metals, knowing where to buy physical gold at the lowest price and the best quality is essential.

Methodology

Our analysis and selection of the best places to buy gold online involved an in-depth evaluation of various factors. We considered the reputation, product range, customer experience, and pricing of various dealers. Customer reviews, years in business, and accreditations played a significant role in our evaluation. By weighing these factors, we’ve curated a list aimed at providing you with the knowledge to make the best choice for your gold purchasing needs.

Please note that the gold market can be volatile, and it's important to consider your financial situation and consult with a financial advisor before making an investment.