Virtual storefronts usually do not incur the same overhead costs that brick and mortar stores do, such as rent or utilities. As a result, virtual dealers are able to pass these savings to their customers and offer lower product premiums.
Perhaps the largest and most important difference between these establishments is the level of safety. Although there are those who might argue that buying precious metals online puts customers at risk by not allowing them to view their purchase beforehand, customers are actually at just as much risk when buying locally.
While there are some less reputable dealers who may try to mislead customers with their product descriptions, the majority of online stores deal directly with the mints and distributors that manufacture their merchandise. Such direct communication guarantees that customers will receive the genuine product. In comparison, many local coin shops, which double as resale shops, may not always be able to verify the authenticity of their acquired merchandise before selling them to the their clients.
Online dealers also protect the personal safety of their customers by allowing them to make their purchases in the privacy of their own home. Unfortunately, customers making their purchases at local establishments are unable to remain anonymous. Once seen visiting a local coin shop, others may take notice and assume that the person owns some form of precious metals.
This lack of privacy can make them potential targets of theft, burglary and even assault. The term physical metal refers to an actual piece of precious metal bullion that has been purchased by an investor and delivered to said investor. These precious metals are restricted to the sole use of the purchasing investor, who is free to sell or trade these items as they see fit.
No third party individual or establishment is allowed access to them. Another option which enables customers to buy shares in precious metals are mining stocks, except these shares are through the stock exchange from gold and silver mining companies. They can even open up a precious metals account if they prefer to deal with smaller companies or investors.
Lastly, customers can invest through precious metals futures that enable them to anticipate purchases ahead of time. Should there ever be a financial crisis, these establishments have the right to seize your precious metals, leaving you with nothing more than a documentation of ownership. For investors seeking more security and personal control over their precious metal assets, physical metal investments are typically a better option. As in the case of gold and silver purchases, customers who intend to buy copper and platinum will benefit more from making their purchases online than at a local coin shop.
Purchasing copper and platinum from an online vendor entitles them to the same advantages offered on online gold and silver orders such as easier accessibility, better pricing and more privacy.
Furthermore, at JM Bullion, the transaction process remains the same regardless of which precious metals the customer chooses to purchase. While we respect the individual preferences of our customers, we would like to warn customers who intend to purchase copper and platinum locally that the availability of these precious metals will be dependent on the specific inventory of each coin shop.
By purchasing their gold and silver online, customers are able to reap a number of benefits that simply are not available at local coin shops, which is why we encourage you to make your purchase online with us at JM Bullion. If you would like to learn more about the benefits of buying online from JM Bullion, please give us a call at You are also free to reach us through live chat or online forms.
Subscribe to the JM Bullion newsletter to receive timely market updates and information on product sales and giveaways. Edit Cart. Create an Account. First Name. Last Name. Phone Number. Retype Password. Even when the gold bars are authentic, seller charges may be exorbitant, and buyers might face issues clearing the gold through customs, depending on the quantity purchased.
Physical gold ownership involves a number of unique costs, including storage and insurance costs, and the transaction fees and markups associated with buying and selling the commodity.
There can also be processing fees and small lot fees for investors making smaller purchases. While collectively these costs may not significantly affect someone looking to invest a small portion of their portfolio in gold , the costs may become prohibitive for investors seeking to gain larger exposure. London Bullion Market Association. Accessed Mar. United States Mint. Your Privacy Rights. To change or withdraw your consent choices for Investopedia. At any time, you can update your settings through the "EU Privacy" link at the bottom of any page.
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Buy Gold in Workable Sizes. Shop Around. Avoid Rip-Offs. The Bottom Line. Key Takeaways The most standardized way of directly owning physical gold is by acquiring bullion bars. Silver Koala enters in style Struck from Buck the trend with the 1oz Silver Brumby Portraying the brumby as a magnificent, unfettered beast, galloping across cliff tops, this Australian Brumby coin is struck by from 1oz of Prices are in USD per oz.
Service, Value and Convenience The Perth Mint, an internationally respected precious metals specialist, is an outstanding choice for those who expect exceptional service, value and convenience when they buy bullion.
Government Guarantee Using this site, you can buy Secure Depository In addition to buying bullion online, this site also provides details of a unique range of services from The Perth Mint Depository. Designed to let you buy and hold precious metals in our secure vault, the Depository is ideal for those who wish to avoid the risk of storing their own gold, silver and platinum.
Peace of Mind For complete peace of mind, entrust your purchases of gold, silver and platinum bullion to The Perth Mint, a pre-eminent mint with more than a century of precious metal minting experience. Register Now To take advantage of direct, online access to The Perth Mint world-renowned bullion range, it is necessary to complete our registration form. Quick and easy to fill out, it will qualify you to start buying precious metals usually within 24 hours.
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