Find the Best Gold Investment Companies for Your Needs
Jonathan Wentcher- Gold is one of the most valuable commodities in the world and has always been seen as a stable investment vehicle.
- Gold jewelry, coins, and bullion are all common uses for gold.
- Investing in gold is highly speculative, as prices are highly volatile and tend to fluctuate between periods of positive and negative returns.
- Gold prices tend to move inversely to the dollar, which means that when the dollar strengthens, gold prices weaken.
- But gold prices are also affected by supply and demand and can fluctuate greatly based on economic and political factors.
Gold is one of the most valuable commodities in the world and has always been seen as a stable investment vehicle. Gold jewelry, coins, and bullion are all common uses for gold. However, investing in gold offers investors and speculators many ways to gain exposure to gold, such as through gold exchange-traded funds (ETFs), gold mining stocks, or gold futures contracts, to name a few.
Below, we'll take a look at some of the best gold investment companies that exist today.
Best for Beginners
GoldMoney: This gold investment company allows investors to buy and sell physical gold, hold physical gold in secure vaults, and make gold purchases. The gold is sourced directly from the London Bullion Market Association (LBMA).
The company has no storage fees, no minimum investment amount, and monthly storage starts at $10.
The company also offers a debit card for physical gold holdings.
Investors can make an unlimited number of transactions with physical gold.
The company only charges a .29% fee on gold purchases.
Pros
Best for beginners
No storage fees
Monthly storage starts at $10
No minimum investment amount
Unlimited transactions with physical gold
.29% fee on gold purchases
Cons
No ETFs
No silver
No platinum
No palladium
No .999 fine gold
Light app design
Canada Gold
Canada Gold Exchange
www.canadagoldexchange.ca
Based in Vancouver, Canada Gold Exchange offers spot trading, bullion, and segregated storage. The company provides precious metals for investment, jewelry, and collectors.
BullionVault
www.bullionvault.com
BullionVault is a London market maker for gold and silver bullion and bars. The company is headquartered in Jersey, U.K., and offers storage, spot trading, and vaulting bullion.
GoldMoney
www.goldmoney.com
GoldMoney is a bank that offers secure storage of gold, silver, platinum, and palladium. The company was founded in 2001, and is based in Isle of Man, United Kingdom.
Gold Bullion Exchanges
There are several online precious metal exchanges where investors can buy and sell gold. Some of the most popular include JM Bullion, NTR Metals, and Liberty Gold. The metals tend to be priced right at the spot price.
Many exchanges also allow users to buy gold in the form of coins. Prices vary depending on the size and weight.
Gold ETFs
Exchange-traded funds (ETFs) are gaining in popularity as investors look for alternative ways to invest in the market. A popular gold ETF is the SPDR Gold Trust (GLD). These funds track the price of gold, but with no management fees or commissions. Additionally, they often come with lower minimum purchase requirements.
Gold Mutual Funds
Gold mutual funds are also an option. They may be purchased directly from fund companies, but can also be purchased from brokerages, such as Vanguard. There are typically no management fees and commissions.
Bullion Vault
Bullion Vault is a leading global precious metals dealer and online storage provider. With offices in London, Singapore, and New York, Bullion Vault offers investors and collectors access to a wide range of precious metals at the lowest possible prices.
Bullion Vault's website features an easy-to-use platform, allowing users to purchase and store precious metals. The company offers over 150 different gold and silver coins, bars, and ingots, as well as precious metals produced by top mints such as the U.S. Mint.
Bullion Vault offers storage in segregated, monitored vaults in London, Singapore, and Canada.
Silver.com
Silver.com is one of the top online bullion dealers in the world. Founded in 1999, Silver.com is based out of New York, with offices in London and Hong Kong. The company provides investors with a wide range of bullion products, including coins, bars, and rounds.
Silver.com offers gold and silver bullion products to investors around the world.
Best for New IRA Investors
If you're looking to invest in gold without investing your retirement savings in a gold IRA, Goldmoney may be the best choice.
Goldmoney is a gold brokerage service and has over 2.4 million account holders. The company lets you buy gold bullion and coins online and offline, as well as store bullion in vaults.
As an online gold brokerage, Goldmoney provides the most flexibility for people who want to buy and store physical gold for investment purposes. The company also has lower annual storage and admin fees than some other gold storage companies.
Best for 401(k) Investors
If you participate in your employer's 401(k) plan, most gold investment companies offer IRA-esque investments with low cost and safer, gold-backed assets.
Best for Self-Directed Investors
If you're looking to invest in a precious metals IRA or an individual retirement account, some gold investment companies specialize in this type of account.
Best for Larger Investors
Some gold investment companies cater to larger investors looking to invest in precious metals like gold.
