Since ancient times, buying and trading gold has been a practice, as gold was considered valuable even in 2450 B.C. With the transition to a digital world, gold dealers have also adapted accordingly.
This blog examines the top online gold dealers, providing assistance to both novice investors looking to expand their portfolios with gold and seasoned gold dealers in search of the most favorable deals. It offers guidance tailored to individual requirements and objectives in order to pinpoint the best choices.
6 Best Online Gold Dealers
Are you interested in knowing who are the current top players in the online gold trading market? Below, you will find a list of the six leading ones.
1. American Precious Metals Exchange (APMEX)
APMEX started in 2000 and has since grown to have the biggest assortment of precious metals items available for purchase on the internet. The options provided by the platform include gold coins, silver bullion, palladium, and platinum products.
APMEX offers an extensive range of coins from numerous countries across the globe such as Mexico, Australia, and various European countries. Regardless of whether you are an investor or a collector, APMEX assures that you will discover something suitable for your interests.
- Lots of products to choose from
- Great customer interactions
- Extensive, reputable history in the industry
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- Pricing not competitive
- Additional fee to store your gold
- Overwhelming website for novice investors
More About APMEX
Founded in 1999, APMEX is an esteemed e-commerce precious metals retailer, offering a vast range of gold, silver, platinum, and palladium products. Over time, it has evolved into one of the most prominent global dealers in precious metals.
APMEX is regarded as one of the top online gold dealers for several reasons. One of them is its vast range of products, comprising a diverse selection of coins and bars from different parts of the globe. Moreover, the company presents customers with various investment choices, encompassing individual coins and bars, pre-made portfolios, and customizable portfolios. Furthermore, APMEX furnishes clients with comprehensive product details, up-to-date market information, and competitive prices.
APMEX has the advantage of prioritizing customer service, as evident from its top-notch A+ rating from the Better Business Bureau and consistently favorable reviews from customers. Moreover, the company provides free shipping for orders that surpass a specific amount and offers various payment options such as credit card, bank transfer, and PayPal.
2. JM Bullion
JM Bullion is an excellent choice for beginners looking to buy gold online. Its user-friendly online platform caters to even the most inexperienced buyers, and it provides dedicated customer support to assist users with their purchases and investments.
JM Bullion, similar to APMEX, offers a wide range of products including silver coins, bars, and more. Its main strength lies in its transparent pricing, devoid of any extra fees or commissions.
- Easy, uncomplicated user interface
- Dedicated customer service
- Transparent pricing structure
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- Different prices depending on payment method
- Minimum $1,000 buyback program
- Only ships to U.S. addresses
More About JM Bullion
JM Bullion, an online dealer of precious metals, specializes in offering gold, silver, platinum, and palladium products. Established in 2011, the company has rapidly gained prominence as a leading online gold dealer by providing a diverse range of competitively priced products.
JM Bullion is regarded as one of the top online gold dealers primarily because of its dedication to transparency and customer service. The company offers customers comprehensive details about its products, such as specifications and photos, as well as up-to-date market data and pricing. Moreover, JM Bullion has an A+ rating with the Better Business Bureau and consistently receives favorable reviews from satisfied customers for its outstanding support and service.
JM Bullion has a wide selection of gold products, such as various coins and bars from different countries. Customers can select from well-known coins like American Eagles and Canadian Maple Leafs or go for more distinctive options like Austrian Philharmonic coins or Australian Kangaroo coins.
BullionStar, an online dealer of precious metals located in Singapore, provides a diverse selection of gold, silver, platinum, and palladium products, comprising bullion coins and bars.
- Unique storage solutions, including segregated storage and fully allocated storage options
- Competitive pricing with low premiums over spot price and transparent pricing based on real-time market data
- Diverse selection of gold products from around the world, including a range of coins and bars
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- For some, BullionStar being in Singapore may make it less appealing (though they also have their US website)
More About Bullion Star
In 2012, the company was established and has rapidly gained popularity as an online gold dealer, especially among Asian investors.
One reason BullionStar is regarded as one of the top online gold dealers is because of its distinct storage solutions. These solutions encompass segregated and fully allocated storage choices, along with their BullionStar Vault storage program. This program enables customers to securely store their precious metals in a vault located in Singapore.
BullionStar provides competitive pricing on its products, offering low premiums over the spot price and transparent pricing that is determined by real-time market data. The company also guarantees to match prices, ensuring customers receive the best price for their purchases.
4. Money Metals Exchange
Buyback programs provide assured marketing support for those who sell their gold, making them advantageous for precious metals investors. This is particularly significant for gold bullion companies.
The precious metals dealer ensures through a buyback program that it will repurchase the metals it previously sold at the current market price. The specifics of buyback programs differ, as certain dealers exclusively repurchase at the spot price.
Money Metals Exchange pays the highest prices among online gold dealers today, adopting a customer-centric approach when it comes to its buyback programs.
- Competitive pricing
- Free, insured shipping on orders over $500
- Secure packaging and fast shipping
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- Varying transaction fees, depending on your payment method
- Limited customer service phone support
- Customer reviews have stated shipping can be slow
More About Money Metals Exchange
Money Metals Exchange, an online dealer specializing in precious metals, provides a diverse range of gold, silver, platinum, and palladium products, which encompass bullion coins and bars. Founded in 2010, the company’s headquarters are located in Eagle, Idaho.
Money Metals Exchange is considered one of the best online gold dealers because of its dedication to transparency and customer service, which is demonstrated by its A+ rating with the Better Business Bureau. This rating indicates that the company has a successful history of resolving customer complaints.
5. SD Bullion
Since 2012, SD Bullion has been regarded as one of the top online gold dealers, noted for its competitive pricing on a range of precious metals including palladium, platinum, silver, and gold products.
- Numerous payment options, from wire transfer and Paypal to debit cards and Bitcoin
- Free shipping on orders over $199
- Positive customer reviews noting excellent customer service and quick deliveries
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- Limited selection of precious metals products, compared to other online gold dealers
- Refunds not guaranteed
- Varying processing fees depending on payment method
More About SD Bullion
Founded in 2012, SD Bullion has rapidly become one of the leading online gold dealers by offering an extensive range of gold, silver, platinum, and palladium products at competitive prices.
SD Bullion is regarded as one of the top online gold dealers because it emphasizes affordable prices and clear pricing. By offering a price match guarantee and displaying buy and sell prices for each item on its website, the company enables customers to make well-informed purchasing choices. Moreover, SD Bullion provides free shipping for all orders surpassing a specific threshold.
SD Bullion has a commitment to outstanding customer service, as evidenced by their A+ rating with the Better Business Bureau and consistently positive customer reviews. Additionally, they provide a range of payment options, such as credit card, bank transfer, and Bitcoin.
6. Golden Eagle Coins
Having been in business for over 50 years, Golden Eagle Coins is an online dealer of precious metals.
The advantages or benefits.
- Extensive selection of products, including rare and collectible coins
- Competitive prices and a price match guarantee
- A+ rating with the Better Business Bureau and positive customer reviews
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- Customer service can be slow to respond
- The website can be difficult to navigate and search for specific products
More About Golden Eagle Coins
From various reputable mints and refineries, the company provides an extensive range of gold, silver, platinum, and palladium products.
Golden Eagle Coins is regarded as one of the top online gold dealers due to its wide range of products, which includes rare and collectible coins. The company additionally provides competitive prices and a price match guarantee, along with free shipping on orders surpassing a specific amount.
Considerations When Choosing an Online Gold Dealer
When searching for the top online gold dealers to invest with, it is important to take into account various factors such as the reputation, reliability, pricing, customer service, and security offered by the company.
Online gold dealers have a significant amount of experience, with some having been in operation since the start of online commerce. To gauge the perceived trustworthiness of a gold dealer, it is advisable to refer to customer reviews on online platforms.
Online gold dealers with higher ratings and a consistent track record of customer satisfaction are considered the best.
When it comes to reliability, it is crucial to have the assurance that the online gold dealer you collaborate with adheres to market prices consistently. Moreover, ensuring the presence of a dependable money metals exchange system is essential to guarantee swift and efficient processing of your transactions.
When it comes to the precious metals market, prices are determined based on how a dealer’s prices align with the current market prices. It might appear difficult to find a gold dealer offering competitive prices, but by conducting thorough research, examining premiums, comprehending the spot price (which refers to the current market price per ounce of gold), and taking all costs into account, you will acquire the necessary data to make an informed decision.
The online gold dealers who provide excellent customer service ensure that your experience in trading gold or silver bullion is seamless, effective, and hassle-free.
When evaluating companies, seek those that have a reputation for effective communication and timely replies. The higher the customer ratings a dealership receives, the more assured you can be about the excellence of its customer service.
Robust security measures are essential when handling high-value transactions such as gold and silver bullion. The top online gold dealers prioritize security to safeguard not just your personal information and financial transactions but also the integrity of the products involved.
If you are having products delivered to you or storing them in a vault recommended by the dealer, it is important for you to be reassured that the dealer places utmost importance on the security of your assets.