Bullion Trading LLC | Buy Gold, Silver & Platinum | NYC, USA (2024)

Table of Contents
OUR PRODUCTS Gold Bars Gold Bars Gold Coins Gold Coins Silver Bars Silver Bars Silver Coins Silver Coins Platinum Bars Platinum Bars Casting Grains Casting Grains Platinum Coins Platinum Coins featured PRODUCTS Featured Posts New Jersey’s Vetoed Bill on Tax Exemption for Bullion and Investment Coins The Best Gold Bar Brands 2024 The Best PAMP Gold Bars to buy for investment in 2024, Featuring the New Lunar Series customer reviews Jean-Pierre Dominguez Mario Quintero Justin Dorman Aleks Bezginas Michael H Abuu Khaled Elsayed Ziggy Bobrowski FAQs What is Bullion Trading LLC? What are your trading hours? Where is the Bullion Trading LLC office located? Is Bullion Trading LLC’s service available in the US only? What precious metals can I trade with Bullion Trading LLC? What is the minimum quantity of gold, silver and platinum I can buy from Bullion Trading LLC? Do you guarantee the purity of the metals you sell? Why should I buy gold and precious metals from Bullion Trading LLC? How can I buy gold, silver and platinum with Bullion Trading LLC? Can I sell the purchased gold,silver and platinum back to Bullion Trading LLC? At what price can I buy/sell gold,silver and platinum from Bullion Trading LLC? What charges do I need to pay upon trading with Bullion Trading LLC? Which payment methods do you accept? Do I need to open an account to book gold and precious metal online? How do I register to make an over-the-phone order with Bullion Trading LLC? How long do I have before I need to collect my order? Which brands are available at Bullion Trading LLC? Does Bullion Trading LLC offer delivery service for the purchased precious metals? Can I change or cancel my order once it has been submitted? Terms & Conditions PURCHASES, SALES, AND ORDERS The Ordering Process Inquiries ORDERS Market Loss Policy Explained PAYMENTS CONSENT RISKS INDEMNIFICATION LIMITATION OF LIABILITY PRIVACY POLICY DEFAULT RIGHTS AND REMEDIES RELATIONSHIPS ANNULMENT COSTS AND EXPENSES FOR COLLECTION DISPUTE RESOLUTION GOVERNING LAW WAIVER OF JURY TRIAL: ARBITRATION FORCE MAJEURE FURTHER ASSURANCES NOTICES RECORDING OF PHONE CONVERSATIONS ABSENCE OF WAIVERS FAQs

New Deal : 10 oz Gold bar ( Random Brand )

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OUR PRODUCTS

Bullion Trading LLC | Buy Gold, Silver & Platinum | NYC, USA (1)

Gold Bars

Gold Bars

1 Ounce Gold Bars
5 Ounce Gold Bars
10 Ounce Gold Bars
Gram Gold Bars
Kilogram Gold Bar

More Gold Bars

Bullion Trading LLC | Buy Gold, Silver & Platinum | NYC, USA (2)

Gold Coins

Gold Coins

US Gold Coins
Krugerrand
Austrian Gold Philharmonics
Canadian Gold Coins
Australian Mint Gold Coins

More Gold Coins

Bullion Trading LLC | Buy Gold, Silver & Platinum | NYC, USA (3)

Silver Bars

Silver Bars

1 Kilogram Silver Bars
1 Ounce Silver Bars
100 Ounce Silver Bars for Sale
5 Ounce Silver Bars
10 Ounce Silver Bars
Silver Gram Bars for Sale

More Silver Bars

Bullion Trading LLC | Buy Gold, Silver & Platinum | NYC, USA (4)

Silver Coins

Silver Coins

U.S. Silver Coins
Gov't Minted Silver Coins
Silver Rounds
Canadian Silver Coins

More Silver Coins

Bullion Trading LLC | Buy Gold, Silver & Platinum | NYC, USA (5)

Platinum Bars

Platinum Bars


1 Ounce Platinum and Palladium Bars

Platinum and Palladium Gram Bars

More Platinum Bars

Bullion Trading LLC | Buy Gold, Silver & Platinum | NYC, USA (6)

Casting Grains

Casting Grains

Gold Casting Grain
Silver Casting Grain
Platinum Casting Grain

More Casting Grains

featured PRODUCTS

  • 2024 American Eagle Silver Coin – Tube ( 20 pieces )$625.69Add to cart
  • 2024 Year of the Dragon – 5g Gold Bar$440.65Add to cart
  • 1 oz I Love Barbie Superstar Barbie™ Silver Coin$134.11Add to cart
  • 1 oz Australian Gold Nugget ( Kangaroo ) – Random Year$2,243.38Add to cart
  • 1 kilo Silver Bar – Valcambi$909.47Add to cart
  • 1 oz PAMP Suisse Gold Bar – Lady Fortuna (In Assay)$2,272.19Add to cart
  • 1 oz American Silver Eagle Coin(Random Year)$31.62Add to cart
  • 5 Oz Silver Coin – America the Beautiful$220.48Add to cart

Featured Posts

news

New Jersey’s Vetoed Bill on Tax Exemption for Bullion and Investment Coins

Read More »

guide

The Best Gold Bar Brands 2024

Read More »

Gold Bars

The Best PAMP Gold Bars to buy for investment in 2024, Featuring the New Lunar Series

Read More »

customer reviews

Awesome experience with a kind and knowledgeable staff.Thank you for your help!

Bullion Trading LLC | Buy Gold, Silver & Platinum | NYC, USA (19)

Jadore Love Photography

2023-12-12

After extensive research into various options for starting a metal collection, I settled on Bullion Trading LLC for my initial purchase. I wanted to express my gratitude to the team there for providing a service that not only met but exceeded my expectations.The ordering process was streamlined and uncomplicated, which I particularly appreciated as a newcomer to metal investing.The quality of the products I received was in perfect condition.Perhaps the most commendable aspect was the speedy and secure delivery. My order arrived much faster than I had anticipated.I found them a trustworthy and efficient destination for starting or adding to a precious metals collection.I'd certainly recommend them to others looking to make similar investments and look forward to future transactions with their team.Thank you!

Bullion Trading LLC | Buy Gold, Silver & Platinum | NYC, USA (20)

Bryan Martin

2023-12-09

Excellent shop. I bought it on the website. Intuitive, easy to find, easy to order. Excellent quality of product and service. Fast and excellent delivery of goods. I highly recommend contacting them. Professionals in their field.

Bullion Trading LLC | Buy Gold, Silver & Platinum | NYC, USA (21)

Boris Cutelepa

2023-12-08

Quality product. Excellent service.

Bullion Trading LLC | Buy Gold, Silver & Platinum | NYC, USA (22)

Clint Sweet

2023-12-08

Very pleased with my experience of buying precious metals from Bullion Trading l l c. They have a great selection to choose from and the pricing is very competitive. I intend to do business with them again in the next few weeks.

Bullion Trading LLC | Buy Gold, Silver & Platinum | NYC, USA (23)

Backwoods Charlie

2023-12-08

Great guys! Very professional, helped me through my first transaction.

Bullion Trading LLC | Buy Gold, Silver & Platinum | NYC, USA (24)

philip dandridge

2023-12-08

Amazing customer service, quality trusted materials, will be buying all my future gold purchases with them!!

Bullion Trading LLC | Buy Gold, Silver & Platinum | NYC, USA (25)

Jose Alvarado

2023-11-09

Pretty easy transaction, super smooth delivery!

Bullion Trading LLC | Buy Gold, Silver & Platinum | NYC, USA (26)

Virginia Herrera

2023-10-20

Jean-Pierre Dominguez

4 months ago

This was my first time getting gold and silver, and the folks here made it very easy and seamless.Would come again.

Mario Quintero

6 months ago

Excelente atención y amabilidad

Justin Dorman

7 months ago

A very nice couple. Knowledgeable about all aspects of precious metal. Made the buying experience easy. Transaction was easy. Will definitely be back for more.

Aleks Bezginas

7 months ago

Bullion Trading LLC is the best place in NYC to buy gold and silver. Isaac was extremely helpful and knowledgeable. Highly recommended!

Michael H

1 year ago

Great sevice. Dependable. Honest.

Abuu

1 year ago

First time gold buyer and I had a great experience! Isaac was extremely helpful and gave up the best price in the area for gold bars. I will definitely be purchasing my gold here in the future.

Khaled Elsayed

1 year ago

Great costumer service & very easy to work with!

Ziggy Bobrowski

1 year ago

Isaac is very trustworthy person. I was very pleased with quick and easy transaction. I recommend Bullion Trading to anyone.

FAQs

What is Bullion Trading LLC?

Bullion Trading LLC is the NYC bullion dealers that buys & sells gold, silver, platinum and palladium bullion to the retail market.

What are your trading hours?

The trading hours of Bullion Trading LLC is Mon - Thur 9-4 & Fri 9-1 We are closed Sat & Sun

Where is the Bullion Trading LLC office located?

Bullion Trading LLC is located at 20 West 47th St Between 5th & 6th Ave in NYC.

Is Bullion Trading LLC’s service available in the US only?

Yes, Bullion Trading LLC’s service is only available in the United States.

What precious metals can I trade with Bullion Trading LLC?

You can trade Gold, Silver, Platinum & Palladium with Bullion Trading LLC. As a nyc bullion dealers, we have all fours precious metals to trade.

What is the minimum quantity of gold, silver and platinum I can buy from Bullion Trading LLC?

We have no minimums.

Do you guarantee the purity of the metals you sell?

Yes. We only sell Gov’t minted coins or privately minted bars that are stamped with the purity stamped on them.

Why should I buy gold and precious metals from Bullion Trading LLC?

Besides getting a great deal on the metals we also pay attention & sell you what you want & need. We will, not try to upsell you anything & will try to taylor what we offer to you with what your objective is.

How can I buy gold, silver and platinum with Bullion Trading LLC?

You can step in or call us or place your order online to buy gold, silver and platinum or any other precious metals.

Can I sell the purchased gold,silver and platinum back to Bullion Trading LLC?

Yes. Up to ⅓ of the gold we sell is bought from customers such as you.

At what price can I buy/sell gold,silver and platinum from Bullion Trading LLC?

You can sell or buy gold and silver nyc or any other valuable metals at the spot price plus a small margin. In this business , it's called a premium.

What charges do I need to pay upon trading with Bullion Trading LLC?

Nothing other than what you see listed on the site.

Which payment methods do you accept?

We can accept payment by check or electronic funds transfer (bank wire) or credit card.

Do I need to open an account to book gold and precious metal online?

Yes, you should open an account to book gold and precious metal online.

How do I register to make an over-the-phone order with Bullion Trading LLC?

It is simple as just calling us.

How long do I have before I need to collect my order?

This depends on your payment method.

Which brands are available at Bullion Trading LLC?

We sell the most popular brands such as PAMP & Credit Suisse & all Gov’t brands as well.

Does Bullion Trading LLC offer delivery service for the purchased precious metals?

We offer shipping as our delivery method.

Can I change or cancel my order once it has been submitted?

No, you cannot change or cancel the order once it has been submitted.

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Terms & Conditions

Trading in gold and other precious metals is risky because the market is volatile. Past performance is not indicative of future returns. This is why we encourage you to read Our Terms and Conditions carefully before making purchases, selling, or placing orders with BULLIONTRADING LLC. Refer to Safety Tips from the CFTC (Commodity Future Trading Commission). These terms and conditions apply to all orders, all purchases, and all sales made through our website, telephone, or other channels.

In the event you do not fully understand the terms of this agreement, BULLIONTRADING LLC strongly encourages you to consult with your own experts. BULLION TRADING enters into transactions with customers on the reliance and belief that clients are aware of, understand, and agree to these terms.

These terms and conditions are effective as of March 11, 2022, and are binding to all new and existing customers and users.

PURCHASES, SALES, AND ORDERS

The prices for gold, silver, platinum and palladium coins and bars keep on fluctuating because of the risk factors that cause price volatility. The risk factors include political development, war, pandemics, demand, and supply. It is important to keep this in mind when transacting with BULLIONTRADING LLC.

The Ordering Process

BULLIONTRADING LLC. Does Not speculate on the prices of precious metals. This means that we don’t make profits by buying gold when the prices are low and selling when prices go up. BULLIONTRADING LLC generates revenue through premium spreads. This is the difference between what Bullion Trading LLC pays & sells these items for.

Orders and inquiries can be made through our website, phone, or other suitable channels. Contact Us for information.

Inquiries

Inquiries are made by customers who are not ready to transact immediately. Customers can contact us or go online at Bulliontradingllc.com to get current market prices. The price quote and quantity available are subject to change. They can also contact us for guidance on buying and selling bullion coins and bars. You should note that the Price Quotations you receive when inquiring are Estimates because the prices of bullion coins and bars fluctuate daily, and the number of our stock changes all the time.

For example, The U.S Mint sets premium and minimum prices for American Eagles. Prices for American Eagles are determined by the current price of gold, silver, platinum, or palladium. The mint also charges a modest premium to cater to the cost of distribution and marketing. Consequently, the price of bullion coins and bars changes daily as the markets for gold, silver, platinum, and palladium fluctuates. Refer to the United States Mint’s Charges for Authorized Dealers.

ORDERS

Orders are made when customers are ready to transact immediately. The prices you get when ordering bullion coins and bars from us are an accurate reflection of the current market prices. Note that once you place an order, the prices are locked and are no longer subject to market conditions.

An order is placed when you finalized negotiations with our agents and an invoice is generated, not when the payment is made. Ordering and then bailing out or canceling after an invoice is generated makes BULLIONTRADING LLC incur losses. We incur losses because when you place an order, we consider the bullion coin or bar sold and will have hedged ourselves accordingly.

Disclaimer: To protect our company from losses, BULLIONTRADING LLC has implemented a Market Loss Policy.

Market Loss Policy Explained

An order starts when you finalize the deal with our agents, not when the payment is made. We generate an invoice immediately the deal is sealed either through our website or phone. We also count the bullion coin or bar as sold and will have hedged ourselves accordingly.

Customers who place orders, have invoices generated, and then cancel thereafter make us incur losses. To protect ourselves we have implemented a market loss policy. This means that you will incur penalties for ordering, having an invoice generated, and then bailing out. Once an order is placed, prices are locked and not subject to market conditions.

The moment you place an order an invoice is generated. If you cancel, and then gold prices decline you make us incur a loss. It is your responsibility to offset this loss if your order is canceled and your funds are returned. If this happens you will pay for the loss caused by a decline in the price of gold after a sale is made plus a cancellation fee of $35.00. This is our market loss policy.

To remain transparent and protect ourselves from risk we might require credit card information from every customer even if payment will be received through a different channel. We also will ask for immediate confirmation of the amount locked in. This gives us an avenue to compensate ourselves for losses in the event a customer places an order and then fails to pay.

However, if the price of bullion coins and bars stays the same, we usually don’t enforce our market loss policy because we don’t incur losses. If the price goes down we charge a market loss fee which is equal to the amount BULLIONTRADING LLC would have lost because of the unpaid order.

PAYMENTS

Bullion Trading LLC only accepts payments in the form of bank transfers, certified checks or personal checks. The method you use to pay us is determined by the number of bullion coins and bars you are willing to buy from us as follows:

  • Orders ranging from $1,000 to $5,500 should be paid via any option listed above and must be received within 2 business days from the time the order was made.
  • Orders ranging from $5,500.01 to $10,000 should be paid by bank wire, certified check, cashier’s check, money orders, or personal check, and must be received within 2 business days from the time the order was made.
  • Orders ranging from $10,000.01 to $25,000 should be paid by bank wire, certified check, and must be received within 2 business days from the time the order was placed.
  • Over $25,000.01 should be paid by bank wire and must be received within 1 business day from the time the order was placed.

If Using A Credit Card You Are Agreeing To The Following Terms:

  • I understand and agree that should I dispute the credit card charge through my credit card provider, I will have breached the contract as well as committed a credit card fraud.
  • I waive any charge-back rights. In the event of a dispute, and I request for a refund it must be made through the Bullion Trading LLC Arbitration Procedure described herein under Bullion Trading LLC.
  • Dispute resolution: I understand that all sales are final. There are NO EXCHANGES or REFUNDS.
  • I cannot receive a refund from Bullion Trading LLC, nor can I request the funds from my credit card company.
  • I also agree to waive any charge-back rights in the event of a dispute.

CONSENT

You agree that you have sufficient experience and knowledge to make informed decisions to purchase from and/or sell to BULLION TRADING LLC. You openly acknowledge that you are making all of your decisions in connection with purchases and/or sales. BULLION TRADING LLC is not making any decision on your behalf concerning purchases and sales.

You also openly acknowledge that you are subject to a variety of risks that are beyond the control of BULLION TRADING LLC. You openly acknowledge that BULLION TRADING LLC is not liable or responsible for the risks you incur while trading with us. Those risks include, without limitation, risks associated with the price volatility of bullion coins and bars. Market conditions or other disruptions such as technical problems may make it impossible for you to liquidate bullion coins and bars bought from us. You have the freedom to liquid the coins and bars at market prices acceptable to you.

RISKS

All investments involve risk – bullion coins and bars are no exception. The value of bullion coins (e.g., American Eagles or Maple Leafs) is affected by many economic factors. The current market price of bullion coins and bars is determined by perceived scarcity and other factors. Some of these factors include quality, current demand, and general market sentiment.

The price of bullion coins and bars keeps on fluctuating and this means that they are not a suitable investment for everyone. Since all investments, including bullion coins and bars, can decline in value, you should make an informed decision. It is a good idea to have adequate cash reserves and disposable income before investing in bullion coins and bars.

INDEMNIFICATION

You shall indemnify and absolve BULLION TRADING LLC and its affiliates, directors, officers, and shareholders collectively. You agree to compensate the indemnified parties for and against any costs, damages, expenses, liabilities, and obligations. They include without limitation to reasonable attorney fees that the Indemnified Parties may incur as a result of, or in connection with:

(a) Any breach of any representation or warranty made by you to BULLION TRADING LLC or,

(b) Failure to comply with these terms and conditions or the policies adopted by BULLION TRADING LLC.

LIMITATION OF LIABILITY

You acknowledge that you are subject to the limitations of liability contained in these terms and conditions, the disclaimer, and other policies adopted by BULLION TRADING LLC.

If you suffer indirect, punitive, or speculative damages BULLION TRADING LLC is not liable to you. Any transaction between us and you pursuant to these terms and conditions, and any liability of BULLION TRADING LLC to you shall be limited to:

(a) The amount, if any, that you paid in such transaction or,

(b) $100 compensation. We are not, in any event, liable for any indirect, punitive, or speculative damages.

PRIVACY POLICY

BULLION TRADING LLC has adopted a Privacy Policy that is included in these terms and conditions. Our privacy policy protects your identity and credit card information.

BULLION TRADING LLC privacy policies are found in the Disclaimer, Ordering Policy, and the protection of credit card information. These terms and conditions may be updated from time to time depending on the market forces and the legal landscape.

DEFAULT RIGHTS AND REMEDIES

Upon any failure by you to comply with your obligations to BULLION TRADING LLC, the company shall pursue the rights and the remedies available to us. Either by law, through equity, or otherwise. It includes without limitation rights and remedies under these terms and conditions.

Breaching our rights may make BULLION TRADING LLC turn your account over to a collection agency, or a lawyer for collection. BULLION TRADING LLC will not fail in exercising any rights or pursuing any remedies in the case we suffer losses or damages.

Note: Failure by you to comply with these terms and conditions, may make BULLION TRADING LLC charge the credit card on which you have provided. This includes without limitation any and all market losses incurred by BULLION TRADING LLC, including cancellation fees, for ordering and then canceling at the last minute. You openly authorize BULLION TRADING LLC to charge your credit card for all losses caused by you violating our ordering policy.

RELATIONSHIPS

BULLION TRADING LLC is an authorized dealer and a professional organization. We maintain a professional relationship with all our clients. We don’t enter into relationships such as agent-principal relationships, employee-employer relationships, franchisee-franchisor relationships, joint venture relationships, and partnership relationships with our clients.

ANNULMENT

You cannot forfeit these terms and conditions, your rights, or your obligations as they apply without the prior written consent from BULLION TRADING LLC. You may be granted permission to forfeit your rights or it may be withheld by BULLION TRADING LLC at its sole discretion. These terms and conditions shall be binding to all parties that trade with BULLION TRADING LLC.

COSTS AND EXPENSES FOR COLLECTION

If you violate these terms and conditions BULLION TRADING LLC will take action against you. It may include without limitation, turning your account over to a collection agency, or a lawyer for collection. You shall pay all of the costs and the expenses incurred by BULLION TRADING LLC, including without limitation to reasonable attorney’s fees.

DISPUTE RESOLUTION

BULLION TRADING LLC maintains professional relationships with clients. This is why we make sure that any grievances are resolved expeditiously. We agree that all disagreements and disputes with our clients should be resolved in accordance with the provisions below.

Because we value the relationship with our clients, we opt for arbitration or mediation as a channel for dispute resolution instead of going straight to state/federal courts. However, if arbitration or mediation fails, we may be forced to take legal action in state/federal courts in the State of New York.

GOVERNING LAW

These terms and conditions are governed by and interpreted in accordance with the laws of the State of New York. These terms and conditions do not take into consideration the possible violation of laws in other jurisdictions.

WAIVER OF JURY TRIAL: ARBITRATION

BOTH BULLION TRADING LLC AND YOU HEREBY WAIVE THEIR RIGHT TO TRIAL BY JURY IN CONNECTION WITH ANY DISAGREEMENT OR DISPUTE RESULTING FROM, OR IN CONNECTION WITH THESE TERMS AND CONDITIONS; OR THE TRANSACTIONS UNDER THESE TERMS AND CONDITIONS. Both BULLION TRADING LLC and you also waive any arbitration requirements to which they might be subject.

FORCE MAJEURE

If BULLION TRADING LLC cannot perform any obligation hereunder as a result of any event that is beyond its control, the company shall be excused and shall not be liable for any damages as a result of, or in connection with, such delays, or such failures.

FURTHER ASSURANCES

You shall sign and avail other documents, or take actions that assist BULLION TRADING LLC in enforcing the provisions of these terms and conditions.

NOTICES

Except as provided in these terms and conditions, all notices, and other communications to BULLION TRADING LLC shall be directed to it at 20 West 47th Street Lower Level #24, New York, NY 10036. All notices and other communications to you shall be sent by BULLION TRADING LLC, to the address that you provided to us at the time of your registration, or to the email address that you provided to us at the time of your registration.

RECORDING OF PHONE CONVERSATIONS

BULLION TRADING LLC may record phone conversations between you and company agents or representatives. You consent to the recording of such phone conversations.

ABSENCE OF WAIVERS

A decision or a failure by BULLION TRADING LLC to take action with respect to any non-compliance with these terms and conditions does not affect the ability of the company to enforce the terms and conditions with respect to other violations. Whether the violations are similar or dissimilar in nature.

Bullion Trading LLC | Buy Gold, Silver & Platinum | NYC, USA (2024)

FAQs

Is bullion LLC legit? ›

The company buys and sells precious metals via phone, in-person, and online, and it has been accredited by the Better Business Bureau since 2023 with an A+ rating. As of 2023, there weren't any customer complaints or reviews on the BBB for Bullion Trading LLC.

Is bullion trading legit? ›

Bullion Trading LLC stands as a credible entity in the market. Demonstrating a robust presence with a physical address and a longstanding operational history, it exudes legitimacy. Rooted in a familial lineage, this business has traversed generations, underpinning its reputable status.

What is the most trusted place to buy gold and silver? ›

Some of the most trustworthy and well-known gold dealers include JM Bullion, American Precious Metals Exchange (APMEX) and American Hartford Gold.

Are gold bullion sales reported to the IRS? ›

Tax liabilities on the sale of precious metals are not due the instant that the sale is made. Instead, sales of physical gold or silver need to be reported on Schedule D of Form 1040 on your tax return.

Is it safe to buy bullion online? ›

Buying gold online is as safe as any other transaction you make over the internet as long as you know you're dealing with a reputable company. As with any online purchase, adequately researching these online retailers is your first and last line of defense against scammers.

How can you tell if a gold bullion is real? ›

While buying gold, there are a few tests you can perform to identify if the gold is real or not.
  1. Look for Hallmarks. ...
  2. Look for Letter Markings. ...
  3. Rub the Gold on Your Skin. ...
  4. Water Test. ...
  5. Magnet Test. ...
  6. Vinegar Test. ...
  7. Test Against a Ceramic Tile. ...
  8. Checking the Size and Weight of Your Gold.
Oct 16, 2023

What is the best bullion company? ›

Summary of the Best Online Gold Dealers of 2024
  • American Hartford Gold: Best Reputation.
  • APMEX: Best Product Selection.
  • Goldco: Best Investor Education.
  • JM Bullion: Best for Transparency.
  • Orion Metal Exchange: Best for Lowest-Price Guarantee.
4 days ago

Is silver bullion a bad investment? ›

While investing in silver bullion offers some potential upsides, there are also important risks to carefully consider. To start, one major drawback is that silver prices have historically exhibited higher volatility compared to gold, with more frequent price swings in the shorter term.

Is silver bullion real? ›

Begin by obtaining an ice cube and placing it on top of your bullion piece. If your bullion is genuine silver, the ice should start melting immediately due to the stored heat of the silver. If nothing happens or the melting occurs very slowly, you have purchased a fake.

Who is the safest company to buy gold from? ›

Summary: The Best Gold IRAs
CompanyForbes Advisor RatingLearn more CTA below text
American Bullion4.0On American Bullion's Website
American Precious Metals Exchange (APMEX)3.8On APMEX's Website
JM Bullion3.5Via partner site
Silver Gold Bull3.2Via partner site
5 more rows
Apr 11, 2024

Which is the best place to buy gold in USA? ›

Best Places to Buy Gold and Silver Online - Reviews:
  • GoldCo. ...
  • APMEX (American Precious Metal Exchange) ...
  • Birch Gold. ...
  • Lear Capital. ...
  • BGASC. ...
  • JM Bullion. ...
  • iTrustCapital. ...
  • Money Metals Exchange. Best for transparent pricing and educational resources for new investors Visit Site.

What does Dave Ramsey say about buying gold and silver? ›

I'd stop investing in gold and silver completely. I don't put money in precious metals at all, because they have a lousy long-term track record. — Dave Ramsey is CEO of Ramsey Solutions. He has authored seven best-selling books, including The Total Money Makeover.

Does the government know if I buy gold? ›

Purchasing precious metals is typically done with cash, money orders, or cashier's checks. The dealer must use IRS form 8300 to disclose the transaction if it exceeds $10,000.

Does the government know if I sell gold? ›

Gold Dealer's IRS Obligations

Dealers must file a 1099-B form when a customer sells the minimum quantity of any precious metal included on the IRS's Reportable Items List. Reporting requirements vary depending on the coin or bullion piece(s) sold.

Does the IRS tax gold? ›

Yes, gold investments are taxable. When you sell certain investments, the money you make is subject to capital gains tax. A capital gain is the profit you earn when you sell an asset for more than what you paid for it.

Is Bullion Max a reputable company? ›

BullionMax is a reputable precious metals dealer with nearly 100 years of experience and A-ratings from the Better Business Bureau & Business Consumer Alliance. They offer competitive prices, secure payment options, fast shipping and exceptional customer service to deliver an optimal buying experience.

Is bullion a good business? ›

The versatile uses of silver and gold in many areas especially its industrial applications decide the prices of the precious metal. Bullions are considered as a safe bet to hedge against inflation or as a safe haven for investment.

Is it legal to own bullion? ›

Today, there are no specific limits on how much gold a person can own in the U.S. Whether it's bullion, coins, or jewelry, you can buy, own, and possess as much gold as you like. The only restrictions may come from reporting requirements if you simultaneously buy or sell large amounts of gold.

Is it safe to buy from SD bullion? ›

I have had a good experience with SD Bullion. They have a wide range of products,with great customer service,and low prices. I can buy with confidence, knowing they have the knowledge and technology to keep me safe from buying fakes,forgeries, and knock-offs, Thank you, DL.

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