How to Buy Gold Coins and Bars Online
Gold is a tangible asset you can keep in your hands. It's small and convenient to transport. And thus, purchasing it on the internet is an affordable way to make an investment into this precious metal.
It is a common false impression that buying or investing into gold is similar to purchasing stocks or bonds. Or that one need to invest in yellow metal shares, ETFs, or other intangible varieties. The reality is that yellow metal contains the most value to you when you've got physical possession of it. So the best investment to make is into bullion coins & bars. And thanks to eBay and a number of other websites I will summarize for you below - buying gold online can be quick & easy.
Thousands of dollars worth of bullion can be sent in only a small package. Take for instance, a 10 ounce gold bar. If the current spot price was a mere $700 per ounce, that's a $7,000 payload that can be shipped to you in a package that weighs under a pound. In other words, people who buy gold online have this value to weight ratio to their advantage.
eBay
You can buy gold on eBay just as with anything else, like books or electronics. eBay has a category for bullion you can browse. Or simply enter a search query for the particular type of coin or bar you're looking for. Generally you can expect find a good selection of coins and bars on eBay listed for reasonable prices. At the same rate, given the increasing demand for precious metals it's not uncommon to see prices significantly higher than spot.
When you find an auction you're interested in making a bid on, make sure that the seller is trusted. They should have a high feedback score and preferably they'll have previous feedback from other eBay users who have purchased bullion from them before. I highly recommend you review a seller's feedback to check and see if they have sold bullion before. If not, you may reconsider making a bid on their auction.
Shipping insurance is important when buying bullion online from eBay. Make sure you're seller specifies the cost of insurance. You can view this in the 'Shipping and handling' section near the bottom of the auction page. If the seller has not specified shipping, be sure to confirm this before you place a bid.
Amazon
Amazon is a good source of finding gold bullion online. Search the "Everything Else" category for the terms 'gold coins' or 'gold bullion' to quickly find out what is available.
Northwest Territorial Mint Online Store
The Washington state based Northwest Territorial Mint has the best online catalog for precious metal bullion at their website: store.nwtmint.com. It features all of the prominent bars such as the Suisse PAMP and coins such as the Canadian Maple Leaf. Buying from NWT Mint is a good option if you would prefer to place your order with a reputable company specializing in gold bullion rather than taking your chances from online auctions. Their shopping cart system is simple & instant which means you can have an order placed, paid for, and sent for processing with only a few mouse clicks.
The disadvantage however, is that depending on the current demand & availability, not everything is guaranteed to be in stock and in some cases there can be a significant delay on your order. Before finalizing an order at the NWT Mint store, there is typically a notification message displayed in case there is an order delay.
Buying online is a great way to acquire physical coins & bars. By taking advantage of online marketplaces such as eBay and Amazon or eCommerce stores such as NWT Mint, ordering precious metal bullion has never been so easy.
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