Updated on 04/24/2025
It really depends on what you're comfortable with. Reputable online dealers, local coin shops, and bullion exchanges are popular options. We've ranked the top dealers above and highlighted the best option.
Both gold and silver can be valuable investments, offering potential diversification and a hedge against inflation. Gold is often seen as a stable store of value, while silver, with its industrial uses, can offer higher growth potential but also greater volatility.
It's not really an 'either/or' situation. Gold's usually seen as the more stable, reliable one, especially when things get uncertain. Silver can be a bit more of a rollercoaster, but it can also offer more potential for growth. It really depends on your risk tolerance and what you're looking for.
Coins and bars are all solid choices. Coins often have a face value, like money, and some are even collectible. Bars are basically just pure metal, valued for their weight. So, if you're looking for something with a bit of history or potential collectible value, coins might be your thing. If you just want to invest in the metal itself, bars are the way to go.
Both have pros and cons. Online shopping usually means lower prices and more selection, but you have to wait for delivery. Buying in person lets you inspect the metal firsthand and skip shipping fees, but it might be more expensive.
It depends on where you live. Some states and countries charge sales tax, while others don’t if you’re buying investment-grade bullion.
Lots of things! Like, if the economy's a bit wobbly, people tend to flock to gold and silver, which drives prices up. Supply and demand, of course, plays a big part. And silver's got those industrial uses, so if there's a big demand for, say, electronics, silver prices can get a boost. Plus, things like how strong the dollar is and what's happening in the world politically can all have an impact.
That's just the current market price for gold or silver, like what it's selling for right now. It changes all the time, so it's always worth checking before you buy or sell.
You've got a few options. A good home safe is a start, or you could rent a safe deposit box at a bank. There are also professional storage places that specialize in precious metals. And, of course, make sure you've got insurance, just in case.
A gold or silver IRA is a self-directed individual retirement account that allows you to hold physical gold and silver as investments. This can be a way to diversify your retirement portfolio with precious metals.
