buy gold cheap

Cheap Ways to Get Gold

Golden Opportunities

Are you looking to find a new and effective way to invest that you might not have considered? Investing in gold can be a smart way to diversify your portfolio and protect against losses from other riskier investments. You can buy gold at low and competitive prices and make more money than you ever thought possible, through direct ownership of gold, betting on gold to perform well or backing the companies that mine the gold. Here you will learn different ways to buy gold at cheap prices.

How to Secure Gold Without Spending a Fortune

Local Coin Shops

Buying gold from local coin shops can be a good option if you prefer a tangible, hands-on approach to dealing with gold. Some people prefer having physical possession of their gold, as it gives them a stronger sense of security in their investment. Plus, you can begin to develop closer relationships with the salesman and local dealers which can lead to better deals and reliable sourcing in the long term.

That said, you might find gold prices to be a little higher due to the convenience and accessibility of gold coins as well as the overhead costs of running a physical location.

There are even major businesses, such as Costco and Walmart, from which you can purchase gold.

Major Banks

Did you know that some major banks sell gold coins and bars? That’s right! Purchasing from banks can be a safe and straightforward option for accessing gold for a variety of reasons. Investors who prefer the public accountability of a federally regulated institution will enjoy this avenue. However, your options may be limited compared to what you'll find at an online retailer. You can call your local bank to find out if they sell gold, what to expect in terms of pricing and more.

Estate Sales and Auctions

Estate sales, auctions and pawn shops can provide opportunities to purchase gold at below-market rates. However, these options tend to be best for those who already possess a solid understanding of gold valuation and authentication, as the purity of gold can vary greatly. If you’re interested in learning how to assess the authenticity of gold, there are lots of guides online. The most important details to pay attention to include purity, weight and authenticity.

Online Dealers

Online dealers often offer competitive prices on gold coins and bars due to lower overhead costs compared to physical stores. Plus, buying online gives you the comfort of researching and purchasing from the comfort of your own home. Reputable online gold dealers often provide live pricing, which is tied directly to the current spot price of gold, allowing buyers to make timely decisions based on market conditions. Some reputable online dealers include JM Bullion, American Precious Metals Exchange (APMEX) and American Hartford Gold.

Peer-to-Peer Marketplaces

Along the same lines, there are online platforms like eBay, Craigslist and Amazon that can offer opportunities to buy gold directly from sellers at potentially lower prices. That said, just like with any online purchase, make sure to be wary of scams. Use your best judgment, don’t give out any unnecessary personal information and follow the rule of thumb that if a deal seems to be too good to be true, it probably is.

ETFs and Gold Funds

For the investors who enjoy the thrill of the market and the liquidity of wealth, consider investing in gold exchange-traded funds, or ETFs. These funds give investors exposure to gold without having to directly purchase any physical, tangible gold. You can explore the best gold ETFs online to figure out which ones are best for you.

Mining Stocks

Did you know you can also make money from investing in gold mining companies? This is another reliable way to make money from gold and diversify your portfolio without having to physically buy the gold itself. Of course, like with any investment, there are risks involved. With mining stocks, your success is based solely on the well-being of the market which isn’t guaranteed to be profitable. The value of these stocks is influenced by the gold prices and the profitability of the mining operations.

Gold on a Dime

If you’re looking to make some extra money while diversifying your portfolio, investing in gold is a great option. No matter what kind of investor you are, there are options for every avenue and style of investing. By utilizing these strategies and being aware of the various avenues through which you can purchase gold, you can make more informed decisions and potentially secure gold at more favorable prices, allowing you to profit. Good luck!

Check out this guide for investing in gold.

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