Read These Gold Dealer Reviews Before You Invest

  • Gold dealers are companies that buy and sell gold.
  • Investors can purchase gold from gold dealers.
  • Gold dealers are also valuable resources when it comes to learning about gold investing.
  • However, gold dealers often have mixed reviews, and the positive or negative reviews tend to vary based on the dealer's location.
  • Investors should research dealers before buying from them.

Gold has been a popular investment for millennia, and its market has become one of the largest and most liquid in the world. Gold investing can reward investors with attractive returns, but the decision to buy gold is a substantial one. Gold dealers provide a convenient way for investors to purchase gold. But, negative customer reviews can cast a shadow on these dealers, and you should always do your own research before investing.



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How We Selected These Gold Dealer Reviews

We selected these gold dealers based on the following criteria:
Each gold dealer offers physical gold in denominations of 1 gram, 5 grams, 10 grams, and 1 ounce.

The gold dealer offers free shipping to domestic U.S. customers.

The gold dealer accepts payment by cash, money order, cashier's check, and bank wire.

The gold dealer provides real-time price information on its website.

BullionVault

BullionVault is the world's largest physical gold and silver bullion trading platform. BullionVault makes buying and selling precious metals easy, safe, and secure.
BullionVault offers the lowest transaction fees out of all the online dealers. The fees only apply when buying or selling physical precious metals, and unlock access to an easy-to-use trading tool. Your bullion is stored at the Brink's London vault.
BullionVault offers physical delivery. You can deliver your gold to one of their vaults, or have them deliver it to your door.
BullionVault's website is easy to use.
3.75/5
Kitco
Kitco has been in business since 1977. The company offers an investment-grade precious metals product which is stored physically in a vault. Customers can choose from a wide range of gold, silver, platinum, and palladium products.
Kitco offers paper trading.
3.5/5

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Liquidity

As mentioned above, gold dealers need to maintain an adequate supply of gold to meet demand. This is particularly the case with physical gold, which needs to be stored in a secure location.
Some gold dealers, such as 24 Karat Gold, offer an online gold vault where you can store gold. Another convenient option that 24 Karat Gold offers is the ability to store your gold in a bank safety deposit box. 24 Karat Gold also makes it very easy to sell gold, with flexible buy-back options.
Transparency
Gold dealers should be upfront with information about their holdings. They should provide proof of their gold reserves and disclose the percentage of gold that is held as investment versus gold that is owned as physical gold.
For example, 24 Karat Gold clearly discloses its gold holdings on its website.
24 Karat Gold also has an online gold vault where gold can be securely stored, and its buy-back rates are competitive.



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Pricing

Gold prices vary, and dealers offer different prices per ounce. Some, like APMEX and Bullion Direct, offer a flat fee per ounce that includes shipping. Others, like Goldline, charge a premium per ounce over spot price.
Buying and Selling
It's important to know how easy it is to buy and sell. Not all dealers offer this option online. If you're planning on buying large amounts of gold, it may be more convenient to take your trade to a dealer in person. Some online dealers will even allow you to store your gold in their vaults for a fee.

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GoldMoney

GoldMoney is an online precious metals dealer that offers physical gold and silver bars. It also offers gold-backed exchange-traded funds (ETFs).
High Customer Rating: 5.0/5.0

Low Fees: $0.50 per ounce

Wide Range of Products: Gold, silver, platinum, palladium, and gold coins

Fast Delivery: 5-7 days

Investment Options: Individual and IRA investment options

Secure Storage: Vaulted storage with insurance, available worldwide

Insurance: $1,000,000 insurance covers your investment up to $100,000

Customer Service: Excellent customer service through phone, email, and live chat

Customer Service

Customer reviews may or may not offer an accurate reflection of how gold dealers treat their customers, but reading these reviews can give a general idea of what to expect.
Reputation
Reputation is the most important factor when doing business with a gold dealer. Read gold dealer reviews to see how other investors have rated a dealer's reputation.
Gold Buying and Selling
Check how gold dealers handle buying and selling of gold bullion, coins, and related products.