When I first got started learning about investing in gold, there were not that many places that you could choose to invest online. Many dealers preferred to negotiate over the phone or in person at a local shop. Fast forward approximately 5 to 6 years later and there are now a number of trustworthy places that you can choose to invest with online.
About 5 years ago I would have definitely recommended that you speak with a representative over the phone or visit local dealer in person before making any investment decisions. Although, over the past few years there has been a surge in reliable investment companies that entered into the online space. Which in turn has made it a more reliable place to conduct business.
When purchasing bullion online, one of the benefits is that prices are generally lower when compared to purchasing from your local dealer. Another benefit of purchasing online is that depending on where your investment company is located, you may be able to avoid paying the usual sales taxes that you would from a local dealer in your province.
One reason why online dealers are able to provide such low prices vs local shops is because they don’t have to worry about the overhead of operating a storefront.
Ease & Convenience
Having the leisure of browsing through a precious metal catalogue from home will always beat having to visit a shop. Being able to research and compare at your own pace without the pressure of a salesman is also a very big benefit. Ordering online does not have to mean long delivery times either. Many online dealers are capable of shipping within 7 to 14 business days, fully insured and with reputable carriers.
Another benefit of having bullion delivered to you as opposed to picking it up locally is that you don’t have to worry about weight and transportation. If you make a big order online, having it delivered will not be an issue. However, if you create a big order in a store, you may have some potential issues getting your bullion home. Not only do you have to consider weight and transportation, but you also have to consider security when traveling with such a high profile asset.
Like we just mentioned, security is a big consideration when purchasing your precious metals. Not just security but also anonymity. When you purchase online you are able to keep your purchase private between you and the seller. Also, when you set up your shipment you are able to keep the contents of your package hidden and anonymous as well.
One thing that you definitely want to make sure of is that you are consulting with a reliable, trustworthy and well-known precious metal company. I can’t stress how important it is to do as much as you can before investing your hard earned money with any gold and silver bullion company in Canada, the United States or around the world. National Depository Gold Investments has been researching precious metal companies for approximately 4 years and is dedicated to making sure that our readers only consult with the best.