Gold $2,343.71 0.64%
Silver $28.44 -1.11%
Platinum $1,007.07 -0.83%
Palladium $970.52 0.52%
McGruff Gold Dealers Alabama Birmingham

Buy Gold Online in Birmingham, Alabama

Some investments, such as stocks and bonds, are highly volatile. However, precious metal investing has provided more stable long-term growth. As a result, investors buy silver and gold as a way to grow their wealth.

Particularly, gold investing has been a relatively safe haven for investors for multiple reasons. First, it has a negative correlation with the U.S. Dollar, meaning that its price usually rises when the dollar drops. Next, the price of gold has historically been growing steadily, providing protection to individuals against inflation.

Since the late 1840s, people have been heavily investing in gold in Birmingham. It’s never too late to buy gold, but the sooner you start, the better. Today, you can also invest in gold online and have it delivered to your address in a matter of days. To learn more about the types of gold investments, keep reading.

Types of Precious Metals Investments

If you want to invest in gold, you have three options – coins, bars, and gold IRAs. Let’s look at each of these in more detail.

Buy Gold Coins

You can buy gold coins from any certified dealer. Apart from serving as an investment tool, gold coins also have historical significance and aesthetic beauty. That’s why the gold coin price can sometimes be higher than the face value, which includes their weight and gold content. Most coins weigh between a few grams and a few ounces and contain 99.9% gold. However, old and rare coins may contain 90% to 92% gold.

Buy Gold Bars

Similarly, a gold bar is another gold product used for investing. However, they do not bear cultural or aesthetic significance and are priced only based on their weight and gold content. They weigh between one gram and 400 ounces and contain more than 99.9% gold. You can buy gold coins from certified gold sellers. When buying gold bars, make sure they have their weight and purity inscribed on them and come with a certificate of authenticity.

Open a Gold IRA

A gold IRA is a retirement account that works like a traditional IRA. However, you can only purchase and hold gold coins, bars, and bullion instead of paper assets.

Invest in a Gold IRA in Birmingham

Opening a gold IRA in Birmingham takes a few easy steps. First, you need to find a custodian who will help you with the setup process and administer your account. Next, with the help of a broker, you can start purchasing gold and other precious metals. Please note that you can only include gold products that are at least 99.5% pure. A company representative will guide you through the entire process.

Alternatively, you can also roll over your funds if you already have one of the following retirement accounts:

Traditional IRA
Roth IRA
401(k)
403(b)
457(b)
SEP IRA
SIMPLE IRA
Thrift Savings Plan (TSP)
The rollover process usually takes 60 days. If it takes more, you may be obligated to pay early withdrawal penalties.

Buy Gold and Silver Coins, Bars, and Bullions Online in Birmingham

Popular gold coins:
U.S. American Eagle
U.S. American Buffalo
South African Krugerrand
Austrian Philharmonic
Canadian Maple Leaf
British Britannia
British Sovereign
Australian Kangaroo
Mexican Libertad
Chinese Panda
Popular gold bars:
Credit Suisse
PAMP Fortuna
PAMP Lunar
Valcambi CombiBar
Perth Gold Mint
Royal Canadian Mint
Sunshine Minting

Gold Buying Guide by State

Click on your state to learn more about investing in gold, silver, and other precious metals in your area.
US Map

Best Gold Dealers Near Me

★★★★★

American Hartford Gold

Visit Site Read Review
★★★★★

Augusta Precious Metals

Visit Site Read Review
★★★★★

Birch Gold Group

Visit Site Read Review
★★★★★

Goldco

Visit Site Read Review
Compare Dealers

Buy Gold and Silver From Cities Near Birmingham, AL

Birmingham Huntsville Mobile Montgomery

Recent Blog Posts

Top 4 ESG Investing Trends

Feb 21, 2024

Top Tips to Sell Your Coins

Mar 24, 2022

How to Sell Gold With Fewer Taxes

Dec 21, 2021
Visit Blog
Advertiser Disclosure: McGruff.com is a for-profit advertising network and professional review site that receives compensation from companies it reviews and for leads it generates and provides to third-parties.

McGruff.com is not an agent or representative of any gold company or institution, and does not make any decisions about gold. The precious metal market has inherent risks. You should consult with a financial advisor before making any decisions. Submitting your information on this website does not mean that you will be approved for gold exchange. McGruff.com does not endorse any specific company. You should research all available gold exchange options for your situation. For questions about your gold exchange, please contact the gold company directly.
Copyright © 2024 McGruff. All Rights Reserved. The contents of this site may not be republished, reprinted, rewritten or recirculated without written permission.