Silver Eagle - Front BW

How To Buy Gold and Silver

Buying gold and silver can be a very easy process; one primary thing is to be sure to buy from a reputable dealer. You can check around with local dealers in your area until you find someone you are comfortable with or you can buy online. You should be able to find local dealers through a simple online search. The best ones will usually be jewelry or coin shops that also sell investment gold and silver bars and coins.

The downside of buying locally is that some states will charge sales tax if you purchase less than $1000 worth. The downside of buying online is shipping charges. Buying online does offer you the chance to purchase with a credit card, but a 3% fee will be applied.

In the end, we at Investor in the Family prefer purchasing online through either APMEX or GoldSilver. Of the two, APMEX is easily our favorite, but sometimes GoldSilver offers free shipping, which gives them the edge regarding price. APMEX also has an EBAY store that makes for safe and easy purchasing. Note, we are referring to buying through APMEX on EBAY, not EBAY in general. There are many frauds to be found buying silver and gold on EBAY and you should avoid anyone without a clear and excellent, proven track record.

When buying gold and silver, it is best to start small and purchase physical, government-minted coins that you can hold and store safely yourself. Over time, as you learn more about investing in gold and silver, you can begin to broaden your selection if you like. The United States minted Gold American Eagle and American Silver Eagle coins are our favorites.

If you have any questions, please let us know!

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  1. Keith Hagman says:

    Great information. Thank you. I’ve been trying to figure the best way to start with small gold purchases.

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