Last updated January 15, 2021

Gold has been used as a store of wealth for as long as humankind has had any wealth to store.

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Buy Gold and Silver Coins or Bars with Precious Metals Leaders Our expertise is at your service. Shop our bullion store for gold eagles, silver arctic foxes, krugerrands, and more! Or learn about premium, investor-grade coins by visiting our Premium Coin. JM Bullion is one of the most popular places to buy gold and other precious metals online. You can buy gold coins from the US and foreign mints. Bullion bars are available too. There’s also a sales page to find gold coins selling for a discount.

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If you are looking to buy gold in the USA, there are several ways to go about it. This article highlights some of the best methods.

For most people, purchasing from an online broker will be the best way to buy gold in the USA. Below, find some recommendations on trustworthy online gold brokers to shop with.

Quick Info: Popular Brokers

  • GoldSilver.com
    • One of the most established gold IRAs
    • Transparent IRA fees
    • Ethical business philosophy
  • iTrustCapital
    • Best for USA customers
    • Lowest fees for gold IRAs
    • Also offers ability for Bitcoin & crypto IRA
  • Money Metals
    • Also has a wide variety of silver, platinum and palladium bullion/coins
    • Also offers ability for precious metals IRA

GoldSilver.com

  • Wide range of bullion, gold coins and collectibles
  • Competitive pricing
  • Free shipping on orders of $499 or more (USA)
  • Also offers paid secure storage options
  • Offers a precious metal IRA program
  • Buys and sells precious metals of all types
  • Very low storage costs: just 0.06% of asset value per month
  • Margins on buying/selling are competitive; rates vary depending on product

GoldSilver.com is a precious metal broker and dealer that sells a wide variety of investment grade bullion and collectible coins. They offer a wider selection than many competitors, while also keeping margins quite low. This is primarily a place to buy gold to have it shipped directly to you - and shipping is free on orders over $500. That said, GoldSilver.com also offers a secure storage program, with very competitive fees.

ITrust Capital

ITrust Capital is an IRA custodian offering gold IRAs. That means you can use your existing and future 401k savings to acquire gold over time and in a tax advantaged account.

The wonderful thing about ITrust is that it is the only Gold IRA that offers 24/7 trading via their online platform.

As with all Gold IRA’s, you will not be doing the custody. In the case of ITrust Capital, custody is handled through the Royal Canadian Mint in Ottawa and Winnipeg.

ITrust's home page

The minimum account size for ITrust is $1,000, so you need to make sure you have that much ready to invest into your IRA before you can open an account with them.

With ITrust you can count on low fees (only $50 above spot per ounce and a mere $29.99 flat-fee to pay for platform, storage, and reporting) as well as transparent pricing.

BullionVault.com

  • Some of the lowest pricing available to retail investors
  • Gives private investors direct access to wholesale professional bullion markets
  • Margins on buy/sell of around 0.5%; as low as 0.1% on large purchases
  • Trusted vendor; holds over $2 billion in investor assets
  • Industry-leading storage costs; as low as 0.01% per month including insurance
  • All stored bullion is fully insured and stored in secure vaults (Zurich, London, New York, Toronto or Singapore)
  • Bullion stored with BullionVault can be sold instantly at any time, or withdrawn for physical delivery
  • One of the simplest and most cost-effective ways to own physical gold bullion

BullionVault.com is one of the best ways to buy gold in the United States, or anywhere else in the world!

This company lets everyday investors gain access to the international professional bullion market. This results in some of the lowest prices available anywhere, as well as extremely affordable secure storage rates. Purchases made with BullionVault can be stored in one of 5 secure storage facilities, and sold or withdrawn at any time.

BullionVault doesn’t offer much in terms of collectible coins or fancy bullion products.

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What they do offer is investment-grade gold bullion at the lowest prices you will find anywhere. Buying margins are just 0.5%, and can go as low as 0.05% on repeat purchases once you pass a certain investment threshold. Overall, BullionVault has perhaps the best deals on gold you can find anywhere.

APMEX.com

  • Widest selection of bullion, old coins, and collectibles
  • Huge variety of products, from popular American Gold Eagles to ultra-rare old gold coins
  • Accepts Bitcoin as a payment method
  • Free shipping with low order minimum ($99)
  • One of the largest online coin shops

APMEX.com is an online precious metals dealer and coin shop.

They offer an absolutely massive selection of coins and precious metals, with everything from ancient numismatics to modern bullion coins.

APMEX is best for collectors, rather than investors, as their prices on some investment-grade items are not quite as competitive.

However, if you enjoy coin collecting, or want an interesting assortment of gold coins, APMEX is tough to beat in terms of selection.

How to Buy Gold Bars and Coins in the USA

If you are looking to buy gold in the USA, there are three basic options:

  • Purchase from a reputable online gold broker (recommended)
  • Purchase from a local coin shop or bullion dealer
  • Invest in gold ETFs/investment funds through your brokerage account

The best way to buy gold in the US will depend on a number of factors, including where you live, how much you’d like to purchase, and whether or not you want physical gold.

For most people, the simplest and most cost-effective way is to shop with a trusted online dealer or broker.

This ensures competitive pricing, authentic products and an easy buying experience. For more on each of these methods, see the section below.

Option One: Online Gold Brokers

For most people, purchasing from an online broker will be the best way to buy gold in the USA. Online brokers offer an easy buying experience, low prices, and a huge selection of products. We recommend online brokers for a number of reasons:

  • Lowest margins/cheapest prices
  • Best selection
  • Trusted vendors
  • Options to take physical delivery or keep gold in secured storage
  • Wide variety of investment-grade bullion, gold coins, collectible gold pieces, and more
  • Easy to compare prices across multiple vendors

For 95% of people, these online dealers present the best way to buy gold in the United States. Below, find some recommendations on trustworthy online gold brokers to shop with.

Option Two: Local Coin Shops

Local coin shops may also be a viable option, depending on your location. If you have reputable coin shops in your area, buying gold directly from them does offer some perks. For one, you can take possession of gold the same day, and there’s no extra shipping cost or hassle. Secondly, it allows you to establish a relationship with a local broker, which may prove useful down the road should you decide to sell your gold.

On the other hand, purchasing from coin shops does have some downsides. Coin shops are typically small businesses, so their margins are often higher than what you would find with the big online gold brokers. You may end up paying a bit more, and selection will be limited to what they have on hand. Depending on the reputation of the dealer, the likelihood of ending up with fake gold could be higher with local coin shops than it would be with online dealers. Coin shops buy items from the public, and they don’t necessarily test each piece to verify its gold content. If you do go this route, make sure to choose a reputable vendor.

Option Three: Gold ETFs/Mutual Funds

For those who prefer a hands-off experience, another option is to invest in gold ETFs (exchange traded funds) or mutual funds. This method requires a normal brokerage or retirement account.

If you already have an account, you can simply purchase a gold ETF like GLD or IAU. These investment products track the performance of gold bullion, but do not involve the investor actually taking possession of any physical gold.

The benefit of this approach is that you don’t have to worry about secure storage, spreads of buying and selling, or any of the other hassles that come with owning physical precious metals.

On the downside, you don’t truly own any gold - only shares in an investment fund designed to track the performance of gold. Another significant downside is that these funds charge an expense ratio every year - typically .25% to 1% - which can really cut into your returns over time.

These are great for an investment portfolio, but not so great if you are interested in buying gold for SHTF (Shit Hits the Fan) Scenarios where you actually want to hodl the gold you own.

Legality & Reporting Requirements for Gold Purchases

The legality of owning gold in the United States has a fascinating history - it was actually federally illegal for US citizens to own any gold between the years of 1933 and 1974.

Today, it’s completely legal for citizens to own gold - but there are still some things to consider. If you are buying gold in the United States, there are some reporting requirements that you should be aware of.

Today, most reporting requirements are the responsibility of the dealer, not the customer. So, there is typically nothing you have to worry about when purchasing gold.

With that said, it’s still a good idea to familiarize yourself with these reporting requirements, particularly if you’d like to keep your purchase history private.

IRS Form 8300

Precious metals dealers are required to fill out and submit IRS Form 8300 when they sell over $10,000 in precious metals in a cash transaction. This form only needs to be filled if:

Coin

A customer purchases $10,000 or more worth of gold, and pays with cash

A customer purchases $10,000 or more worth of gold, and pays with two or more cash-like instruments (such as money orders, cashier’s checks, etc.). For example, a $12,000 transaction paid using two $6,000 money orders would trigger the reporting requirements, but the same transaction using a single $12,000 money order would not.

This reporting requirement is only relevant for cash and cash-like transactions. So if you pay using a personal check, credit/debit card, bank transfer, ACH wire, etc. there is no need to report the transaction.

Also, this form is only required for transactions taking place within a 24-hour period. So, for example, if you purchase $6,000 worth of gold on Monday and $8,000 more on Thursday, the dealer will not be required to report anything. This article does a good job of explaining these reporting requirements in greater detail.

Tax Considerations of Gold Investment

For US citizens buying gold, there are some tax implications to consider.

When you purchase gold bullion, there will typically be no sales tax. However, some states do charge sales tax, so you will want to factor this into your investment strategy.

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In states with sales tax on gold bullion, investing in gold ETFs or buying from gold brokers with secured storage may be a better option.

When you sell your gold investments, you will need to pay taxes on the difference between your purchase price and the sales price.

Unlike many investment classes, physical gold bullion is considered a collectible, and is taxed as such. This means that you will owe taxes based on your marginal tax rate - and not the preferential long-term capital gains rate.

Gold Coin

It’s wise to speak to your accountant about the tax implications of gold investment in the United States.

Final Thoughts on Buying Gold in the United States

Buying gold in the USA is a simple process, so long as you go about it the right way. For most gold investors, we recommend using an online gold broker. You can choose whether you want to have the gold shipped to you, or pay to have it stored by the broker in a secure vault. Either way, using a professional broker will likely be the most simple, safe and economical way to purchase gold bullion.

Are you searching for reviews for the best place to buy gold online or the top gold coin and gold bullion websites?

Every day, thousands of people search to “buy gold online”.

And there are so many places to buy gold coins and gold bullion online – which gold websites can you trust?!

Many gold coin websites are legit, others are not.

We’ve compiled the ultimate list of top websites that sell gold coins online (and gold bullion).

What You Need to Know About Buying Gold Coins Online

The gold and silver market have taken off in a big way these last few years, with a faster-paced society and a more interconnected world economy, economic stability is more susceptible than ever to outside influences. A strike in China can influence the dollar, for example, and political instability in Europe affects the course of our economy.

The value of the dollar rises because people believe the US is doing great, regardless whether that is true or not. It is a matter of faith and trust.

An investment in Gold, however, maintains an intrinsic value that is not so closely tied to the actions or economic policies of a government. A gold coin today is worth its weight and holds its value better than many other commodities.

Gold bullion is popular among those in the know.

Aside from the relatively stable value of bullion over paper currency and other commodities, why do people invest in precious metals and coins?

  • Internationally recognized value: gold is gold and has the same price anywhere in the world.If the market crashes, the stock is worthless. Bullion, however, can save you.In the blink of an eye, paper currency can lose its value. The same cannot be said of metal though. No matter the country you may be in, a golden dollar can be bartered with. People may not even know what a dollar is, but they understand gold.
  • Survivability: in case of a crisis or war, you can always count on gold to remain intact. It does not tarnish or deteriorate, unlike paper, which can burn, tear, or decompose. A gold hoard buried 5000 years ago can still be found and maintain value. The trick is not to lose track of it!
  • Transportability: gold and bullion are valuable even in small quantities. An ounce of gold can buy you a vacation and it can be hidden in your pocket.

The Top 10 Websites to Buy Gold Bullion & Gold Coins Online

So how do you go about getting your gold and bullion in the 21st century?

The internet provides a fast and effective way to safely buy gold bullion.

Quality and security are imperative, so here is an overview of the top ten best places to buy gold online:

#1 Money Metals Exchange

Money Metals Exchange review: Founded in 2010, MoneyMetals.com has quickly risen to prominence not only as a seller but also as an educator for numismatic aficionados. With over 75,000 buyers and more than half a million readers and subscribers, they’re a serious dealer and influencer in the world of numismatics, providing quality at affordable prices making a big niche in the online gold market.

The gold coins that you buy from MoneyMetals.com will reflect and remain close to their original melt price. Note that this is unlike other numismatics dealers that tend to exaggerate the extrinsic value of their coins.

Learn more: https://www.moneymetals.com

#2 Buy Gold and Silver Coins

Buy Gold and Silver Coins review: This is a big player in the coin business. It is one of the largest bulk coin and bullion dealers in the US. An A+ rated business by BBB, this is a reliable business partner.

They maintain a large stock, and ship and deliver on time. You’ll be pleased to hear that they pride themselves on their reliability and honesty. And you can rest assured that they go the extra mile by insuring all their packages before sending you your gold.

Learn more: https://bgasc.com

#3 JM Bullion

JM Bullion review: This Texan dealer is known for its no-nonsense approach to selling bullion. Located in Dallas, jmbullion.com has risen quickly through the ranks to become a big favorite amongst investors and buyers alike.

They hold a lot of stock and they ship on time. Security is always a concern with this kind of transaction, especially over the internet, and this company knows it. They will see to it that everything goes smoothly. With them, you are assured to be holding your bullion in your personal vault at the end of the transaction.

Learn more: http://Jmbullion.com

#4 Bullion Vault

Bullion Vault review: The world’s largest online investment gold service, bullionvault.com needs no introduction to any investor that has ever dealt in bullion. They offer a quick and easy platform for investors to peruse the professional bullion market and provide cut-rate prices on buying, selling, and storing of bullion, be it gold or silver.

Possessing vaults in London, Zurich, and Singapore, amongst others, this is a big player running some 2 billion dollars’ worth of bullion for 70,000 investors. These serious investors flock to them due to the low insurance and storage cost of their precious metals.

Learn more: https://www.bullionvault.com

#5 SD Bullion

SD Bullion review: This is another newcomer to the market. The firm was founded in 2011 by two doctors who wanted to educate people on the value of silver.

The company they created has quickly risen to be regarded as a serious player. Their motto is: «nothing fancy, just a telephone call and low prices.”

Indeed, the doctors are true to their word. They’ve already shipped over 300,000 orders. In a relatively short time, they have even managed to appear on “Hit Inc. Magazine’s” list of the 500 fastest-growing companies. Twice!

They guarantee the lowest possible prices on gold and silver bullion. And they also buy from private individuals at a competitive price.

Add to that a serious interest in educating the masses on the fundamentals of gold and silver investment, and you can begin to understand their ever-growing popularity.

Learn more: https://sdbullion.com

#6 GoldSilver

GoldSiver review: Here you will find another site that prides itself on its role as an educator.

Goldsilver.com was founded by renowned precious metal advisor Mike Maloney. His bestselling book remains one of the best publications on precious metals investment. This is a real professional that takes the time to analyze the minutiae of the market.

The site offers customers a dedicated team of professionals that will look after their interests, informing and advising on current market trends and projections.

This team of online gold dealers invest heavily in research, which is why many professionals seek their services when they look for an advantage in the market.

Learn more at: http://goldsilver.com

#7 Monex Precious Metals

Monex Precious Metals review: Monex an old player, monex.com has been at it for fifty years, and they are still looking strong. They specialize in buying and selling bullion and precious metals.

Their best qualities are that they are dependable and trustworthy. Offering their customers relevant market information, they strive to create long-term relationships with savvy investors. This is why their traders take the time and effort to educate and inform their customers.

Learn more at: https://www.monex.com

#8 Golden Eagle Coins

Gold Eagle Coins review: Another old-timer going strong, goldeneaglecoin.com specializes in selling gold and silver coins, especially dollars.

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Though they also sell bullion and precious metals, they like to keep abreast of new developments. Their site offers a constant update on prices and global developments.

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If you are looking for a reliable and trusty partner that has stood the test of time, you could do a lot worse than checking out this Washington DC giant.

Learn more at: https://www.goldeneaglecoin.com

#9 Schiff Gold

Where To Buy Gold Coin Online

Schiff Gold review: This is an online gold bullion and gold coin player that merges low prices with quality service, the specialists and professionals at schiffgold.com take the time to educate and advise all-comers. The online gold dealer is a favorite with investors because of its affiliate with economist and influencer Pete Schiff. The site’s experts sell and buy precious metals, offering a guarantee on price and purity of every product sold. In addition to this common practice, however, they offer a personalized relationship with investors. It is this difference that has earned them such a great following and why they definitely make our list of one of the top ten places to buy or sell gold online.

Learn more: https://schiffgold.com

#10 Metals.com

Metals.com review: This market leader prides itself on customer involvement and service. There’s little doubt that they are focused on going the extra mile to ensure customer satisfaction.

That being said, they also offer very competitive prices in the precious metal market, so potential customers don’t need to worry about trading quality service for quality products. With metals.com, you can have them both.

In addition, the site provides guaranteed authenticity and shipping to put their customers’ minds at rest.

Now You Are Ready to Buy Gold Online

Whichever website you choose to buy gold online, the main things to consider are their guarantees, independence, security, and stability. Though these are difficult to attain investing in precious metals, at times, bullion and coins is a good way to go to hedge your bets and provide a financial plan B in case things go sour.

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Precious metals may not offer the glossy and high profits that other trendy branches of the market offer for a short while, but they do offer certainty. Investors who made it before the Internet bubble burst may feel very good about themselves, while those who didn’t should pay extra careful attention to these words.

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That is the true value that comes from precious metals. Just as with land, more of it is not being made, which is why the prices tend to rise and will continue to do so. Gold offers you one of the safest forms of investment in today’s and tomorrow’s market. And these ten online gold dealers offer you ideal ways to begin or grow your investments.

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If you like this post, you might also want to check out our list of best websites to buy men’s pre-owned luxury watches online.