How to Buy Gold Online?

Buying gold online from reputable high volume gold bullion dealers is almost as simple as buying a book from Amazon or other reputable online retail stores.

The biggest differences will be in (#1) payment method and the time required for full payment clearance and (#2) delivery methodologies used in discreet delivery to your door or non-bank direct gold vault account.

Buying Gold Online

To buy gold online is easier than you might think. The process is pretty straight forward.

To buy gold bullion coins and gold bullion bars online is now akin to buying a book on Amazon. The only major difference depends on how you end up paying for the gold bullion you are buying online (i.e. paying 100% by debit or credit card, or by bank wire transfer, personal check, ACH, PayPal, etc.).

First you will want to find a reputable online gold bullion dealer who gives you the ability to buy and lock in your prices for reputable gold bullion products 24x7. We suggest always verifying organic hard to fake customer review websites to be sure that they gold bullion dealer you are thinking about buying from is indeed delivering on their promises and services.

When buying gold bullion online the gold bullion dealer will require you to create a free account on their website for delivery and payment purposes.

If you buy gold bullion online, you should be able to simply select the gold bullion products you want to buy, place them in your cart and checkout mandating your final delivery address.

If you are not very internet savvy or have additional unanswered questions, vitually all high qualified gold bullion dealers have trained staff available to speak to when placing your order either over the phone or helping and assiting you as you do so online.  

Competent high volume gold bullion dealer staffs should be helpful in answering your gold bullion realted questions. They should never attempt to 'steer you' into particular products that do not meet your gold buying objectives. For example, if you simply want to get as much gold bullion as your capital can afford, well trained honest gold bullion dealer staffs should be suggesting gold bullion bars, not much higher priced proof or graded gold coins for instance.

Purchase Ranges for Online Gold Buying

Less than $60 up to $1+ million USD or more.

Trusted high volume online gold bullion dealers are great for those who want to buy gold bullion of either 22k or .999 investment grade purity at a fair prices. The high volume gold bullion dealer industry is very price competitive.

Generally online gold bullion dealer offer tiered pricing meaning the more you spend the lower your overall price may be per ounce. Every order a gold bullion dealer takes on has a fixed transactional cost associated so for smaller orders expect to pay a slightly higher price per ounce.


Ease of Buying Gold Online

You can buy gold bullion online from virtually anywhere at any time.

We know from experience that most people are pretty nervous when it comes time to put in their first order for gold bullion. This is especially natural if one is spending a lot of cash. Most everyone gets nervous spending that kind of money. Combine that with the fact this is probably part of your retirement and the stress is higher.

Luckily, we can also say from experience after your first transaction or two your stress will lower. Also it helps that the process is pretty easy and straightforward these days.

The biggest difference between buying gold bullion online versus other products or services is the fact that gold bullion is a precious commodity that is difficult to track and trace. Shipping physical gold bullion through the mail requires some specialized knowledge, insurance, and discreet protective packaging.



Payment for Online Gold Buying

Options to pay for gold bullion range from checks, bank wire transfers, debit and credit cards, etc.

Any competent gold bullion dealers who want to stay solvent and avoid fraud, must always wait for irrevocable fund clearance before shipping any gold bullion products to customers.

For the largest orders bank wire transfer is often the chosen payment method due to speed and security. Domestic bank wire transfers cost about $25 USD and often require a physical visit to the bank (some large commercial banks do have secure online bank wire transfer options with security prerequisites). Bank wire transfer payments clear within one business day, and shipment can be made immediately following full payment clearance (the only shipment delay otherwise might be backordered or soon to be released gold bullion products).

Most high volume online gold bullion dealers also offer 100% debit and credit card payments for a slightly higher price than cash payment options (e.g. check, bank wire transfers, etc.). This means you would likely have to pay a 3 to 4% higher price for credit or debit card orders due to generally higher processing fees associated with such payment options.

Payment clearance time for credit and debit cards is typically 1-3 business days. Upon full payment clearance, your gold bullion shipment can be made. Many customers like using full credit or debit card payments due to the additional level of security this payment option affords customers (i.e. customer’s ability to apply chargebacks if the gold bullion dealer fails to uphold their end of the transaction). Most often payment processors and credit card companies side with consumers on chargebacks, not the business.

Finally many online gold bullion dealers allow check payments to be physically mailed. Although paying by check is often the lowest cost option (taking into consideration the price of a stamp vs a bank wire transfer vs credit or debit card processing fees, etc.) paying for gold bullion orders by check is also the slowest method typically. This is because check payment clearance times vary from 5 to 10 business days for fully cleared good funds.

Other payment options becoming more universally available within the online gold bullion industry include in no particular order payments using: Bitcoin (via BitPay), PayPal, Bank ACH after security clearances, cash equivalents in small size (e.g. cashier’s checks, postal money orders, etc.).


Security for Online Gold Buying

Buying gold bullion online is commonplace, safe, and secure.

The nice thing about buying physical gold bullion online is minimizing security concerns. The gold bullion you buy should be nondescriptly shipped with tracking and full insurance to your home or professional depository of choice. Competent online gold bullion dealers insure the shipments against loss. Larger $500 USD or more sized gold bullion order shipments typically require an adult’s signature to accept the package.

Privacy for Gold Bullion Buying Online

Buying gold bullion online should be a highly private affair.

The privacy you can enjoy when buying gold bullion online often depends on where you ship it. If you ship a very large heavy order of gold bullion to your home, you’ll have slightly less privacy given that the delivery man will have to lug such heavy parcels. If ultimate privacy is a concern then perhaps consider using a US Post Office PO Box for any outsized large gold bullion orders. For example if you were buying and taking delivery of 500 one ounce American Gold Eagle Coin Mint Case

Usually the first concern brought up with home delivery is that the mailman will recognize the package contains gold bullion. While this is a concern, it’s not that typical as smaller gold bullion parcels are often well packaged (not jingling) and nondescript in the return address. For example we often send parcels under ‘SD Bearings and Supplies’. We would never explicitly write anything precious metal related on parcels enroute to their destinations.

Good online gold bullion dealers take precautions when sending shiny bullion through the mail. Many will disguise the return address to not say gold dealership and package the metals securely so they don’t make noise or shift in route to their delivery address.

The bigger concern you should have is what you’ll do when the metals arrive. Typically an adult signature is required. So will you be home to sign for the package? If not, you might get some awkward questions from family or friends.

If you want to avoid that, you could ship the metals to a P.O. Box you own or too your work office perhaps. If the package is really heavy, perhaps just need to figure out an excuse ahead of time.


Speed for Delivery of Gold Bullion Bought Online

In calm markets, depending on payment used, the entire process should take less than a couple weeks.

It will take a bit of time for your metals to arrive, usually between 3 - 15 days (under normal market conditions). When there are financial crisis you should expect gold bullion product unavailability, higher price premiums per ounce, shipment process times to increase, and delivery delays to occur.



Prices for Gold Bullion Buying Online this past Decade

Given that online gold bullion dealers sell across the country, they tend to have the lowest prices.

Online gold dealers are in one of the most competitive industries possible. In general, online gold bullion dealers are all buying and selling the most popular gold products (commodities) in an environment that has little to no barriers between competing online gold bullion dealers.

The key is to find the best prices for your gold bullion purchase combined with a gold dealer who has a highly rated customer experience record and proof of success. Always look out for hidden commissions and exorbitant shipping fees which may increase the overall cost to you. Most successful high volume gold bullion dealers offer free or discounted shipping for large orders. For example our shipping fee is a flat rate $7.77 USD per order.

The following charts cover popular gold bullion coins and their average price or product premiums over the fluctuating gold spot price. Take note that during financial crisis gold bullion product prices increase substantially over the fluctuating gold spot price as available gold bullion supplies have difficulty meeting increased investor demand. Thus to find an equilibrium for increased demand with limited supplies, gold bullion prices tend to rise exorbitantly over the fluctuating spot price.


US Mint: American Gold Eagle Prices 2008-2018

Over the past decade there have been various time frames with sharp increases in American Gold Eagle Coin prices.

The first was in late 2008 during the global financial crisis reaching a price per ounce premium of up to 8% over the then gold spot price

Other rapid price increases for these most popular gold bullion coins were likely results of US Mint coin strike suspensions or limited product allocations (i.e. rationings).



Royal Canadian Mint: Gold Maple Leaf Coin Prices 2008-2018

Over the past decade there have been various time frames with sharp increases in Canadian Gold Maple Leaf Coin prices.

The first was in late 2008 during the global financial crisis reaching a price per ounce premium of over 6% above the then gold spot price.

Other rapid price increases of this second most popular gold bullion coins were a direct result of the most popular gold bullion coins either having suspensions or limited product allocations (i.e. rationings).

Any large gold bullion product supply pressure typically raises price premiums on all gold bullion products as demand typically either remains constant and or slightly increases (i.e. gold bullion price increase spillover effect).



Austrian Mint: Gold Philharmonic Coin Prices 2008-2018

Over the past decade there have been various time frames with sharp increases in Austrian Gold Philharmonic Coin prices.

The first was in late 2008 during the global financial crisis reaching a price per ounce premium of over 6% above the then gold spot price.

Other rapid price increases of this third most popular gold bullion coin over this timeframe was a direct result of the most popular gold bullion coins either having suspensions or limited product allocations (i.e. rationings).

Any large gold bullion product supply pressure typically raises price premiums on all gold bullion products as demand typically either remains constant and or slightly increases (i.e. gold bullion price increase spillover effect).

South African Mint: Gold Krugerrand Coin Prices 2008-2018

Over the past decade there have been various time frames with sharp increases in South African Gold Krugerrand Coin prices.

The first was in late 2008 during the global financial crisis reaching a price per ounce premium of over 5% above the then gold spot price.

Other rapid price increases of this third most popular gold bullion coin over this timeframe was a direct result of the most popular gold bullion coins either having suspensions or limited product allocations (i.e. rationings).

Any large gold bullion product supply pressure typically raises price premiums on all gold bullion products as demand typically either remains constant and or slightly increases (i.e. gold bullion price increase spillover effect).



Ebay: American Gold Eagle Coin Prices 2008 - 2018

During the 2008 financial crisis large product premiums for American Gold Eagle Coins sold on eBay reached levels of over 28% per ounce above the then fluctuating gold spot price.

For example the US dollar gold spot price on December 22, 2008 was $849.23 oz thus buy an American Gold Eagle Coin at the time on eBay likely cost around $1087 oz USD.

Source


All the aforementioned popular gold bullion products and many others can be bought and sold at SDBullion.com or in our official SD Bullion eBay store.


If you are considering buying gold or selling gold, please consider our online gold bullion dealership given our commitment to competitive gold bullion prices and highly rated customer experience reviews since our founding in March 2012.

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