The increase in stock market volatility and political uncertainty is driving an increasing number of investors to precious metals as a way to diversify their investment portfolios. Gold, in particular, has historically maintained its value even during significant stock market fluctuations and has proven to be an effective hedge against inflation.
For long-term investors, owning physical gold is often preferred over owning gold receipts, gold mining stocks, or gold ETFs. Now, with the advent of online gold dealers, it has never been easier to purchase high-quality physical gold and have it shipped home or stored in a secured vault. However, there are occasional reports of counterfeit metal coins or fake gold being sold online, which is why you need to ensure you are purchasing from an established and reputable dealer.
Choosing a reputable online gold dealer can be daunting, considering the proliferation of sellers who claim to have the lowest prices. When evaluating gold dealers, there are many factors to consider, including their track record, reputation, price transparency, payment options, absence of commissions and fees, shipping speed, and customer service. We consider all those factors in this roundup to identify the best online gold dealers in six categories.