Benefits of Buying Gold Bullion Online from Trusted Gold Dealers

Buying gold bullion online is one of the most sure shot way of building and maintaining a high reward, low risk American precious metals investment portfolio.

Historically, a cultural symbol of personal affluence and political stability, it offers tangible token for both individual aspirations and collective progress.

If that alone does not convince you to buy investment gold, let us introduce you to the numismatic charm that are collectible gold bullion coins.

Long considered the best gold coins to invest in, these coins store great value not only in the purely economic sense of the term but also artistically- with their intricate designs and traditional significance.

And an American precious metals investment portfolio that is diverse in its metal variety- gold, silver, platinum, palladium, etc.- or coin type variety- investment or collectible- is the perfect hedge against inflation.

However, before embarking on your American precious metals‘ investment journey, it is imperative to weigh the pros and cons and check whether the benefits align with your overall investment goals.

After all, parting with a lion’s share of your hard-earned life’s savings is not a decision you should make lightly based on information gathered from unreliable and unverifiable sources.

So, we have compiled this comprehensive list of the 3 most important considerations while buying investment gold-factors that influence global gold prices, benefits of buying gold bullion online, and choosing the most trusted gold dealer.

Factors Influencing Gold Price

Globally, the chain of supply and demand (especially from large ETFs, government vaults and central banks), interest rates, overall market volatility and risk assessment, and investor sentiments and behavior are key drivers of gold prices, as per Investopedia.

1. Demand-Supply Cycle

   Gold is mainly used for three purposes- jewelry, investment and industry. When prices are high, the demand for jewelry falls relative to investor demand. Peter Hug, director of global trading at Kitco, explains this immaculately, “It ends up in a drawer someplace.”, meaning that the gold in jewelry is effectively taken off the market for years at a time. Even in countries like India and China, which culturally treat gold as a store of value, gold is not traded regularly. This creates a paucity of supply relative to ever-increasing demand, affecting gold prices globally.

2. Interest Rate
   

   Interest rates inversely influence the price of gold over the long term, meaning the prices of gold rise when interest rates are low and vice versa. This was recently reflected in the significant gold price rise in response to the Federal rate cuts driven by the COVID pandemic in early 2020.

3. Market Volatility
   

   At the point when expected or genuine profits from bonds, values, real estate and land fall, the premium in gold financial planning can increase, driving up its cost. Gold can be used as a hedge against economic events like inflation or currency devaluation. Additionally, gold is thought to offer security during times of political unrest as demonstrated by the current geopolitical events’ impact on gold.

4. Investor Sentiments
   

   Finally, and perhaps the most compelling contributing factor to the global price of gold rests on ephemeral investor sentiments, their risk assessments and purchasing behavior.

Benefits of Buying Gold Bullion Online

There are many benefits of buying gold bullion online, the top 4 of which include –

1. Diversity of Options
   

   The thing is if you buy anything online you are likely to have access to more options of the said thing in terms of its quality, quantity and versions. However, with high value purchases like buying investment gold, the benefit of buying online is far greater- they also include trust and transparency.

2. Transparent Prices
   

   Whether you are buying gold bullion bars online or the best gold coins to invest in, the online mode of purchase brings to you products from all over the world, with competitive prices that you can verify and compare to select the finest. So be it the Gold American Eagle 1-oz Coin, the Gold Australian Kangaroo 1-oz or the 1-oz British Gold Britannia Coin, you can rest assured that their prices reflect their purity of metal content.

3. IRA Pros
   

   The most trusted gold dealers online offer a range of individual retirement account (IRA) options because of their exclusive partnerships with industry stalwarts, enabling them to provide you with quick and easy IRA setup/ maintenance. This lets you enjoy all the tax benefits associated with an IRA.

4. Convenient Logistics
   

   Reputed gold dealers online take care of your end-to-end gold purchases. Meaning, they do not just sell you a piece of gold coin or a gram of gold bar, but a whole gold investment experience. From purchase to post-purchase offerings and customer service, like free IRA advice, zero commissions, free and fully insured shipping, lowest and fair prices, exclusive offers and loyalty discounts, not to mention the choicest selections of high-quality gold pieces, they have you covered.

Choosing the Most Trusted Gold Dealers

What sets an ordinary precious metal dealer apart from the most trusted gold dealers online like Wall Street Metals? A combination of factors.

1. Credibility
   Client testimonials are what you should be looking for when assessing the credibility of your online, impersonal and unfamiliar gold dealer. Are they putting their money where their mouth is? Check what their other clients are saying about them online. Go through their reviews. Chances are, if they are really all that they claim to be their customers would have a history of turning into a loyal clientele and backing their claims.
2. Expertise
   How do you appraise the expertise of your online gold dealer before buying physical gold from them? Track their online activity. Online content authority and exhibited sales experience are two tangible factors to evaluate their expertise.
3. Connections
   The most trusted gold dealers online like Wall Street Metals come with a plethora of IRA partnerships (New Direction IRA, Equity Trust, GoldStar Trust, Strata Trust, etc.) and mint networks (US Mint, Perth Mint, Royal Canadian Mint, Royal Mint, PAMP Suisse Gold, to name a few) that allow you to access the best coins from the corners of the world and the best investment benefits for purchasing them.

Disclaimer: All market updates are provided as a third-party analysis and do not necessarily reflect the explicit views of Wall Street Metals and should not be construed as financial advice.