Gold $2,356.17 0.11%
Silver $28.56 -1.51%
Platinum $1,053.98 -5.24%
Palladium $989.29 -1.39%
McGruff Gold Dealers Hawaii Honolulu

Buy Gold Online in Honolulu, Hawaii

Hawaii is one of the most densely populated states in the United States. The capital city of Honolulu is not only a tourist hotspot but also a popular area for investing in gold.

Many other precious metals are popular, too, with more and more people looking to diversify their portfolios. For instance, many choose to buy palladium as well.

People opt to buy gold online and invest in a retirement account made up of gold products to protect their finances from inflation and depreciation. The price of gold has been increasing steadily and remains relatively stable. Here’s how you can invest in gold online in Honolulu.

Types of Precious Metals Investments

There are three main ways you can invest in gold online – buy gold coins, buy gold products, and invest in a gold IRA. Let’s look at each option in more detail.

Buy Gold Coins

Gold coins are common collectibles. They weigh between a few grams and a few ounces and usually hold 99.9% gold. Their price is primarily determined by their purity and weight. However, older coins may contain less gold (90% or 92%). But because of their historical significance and rarity, they may cost more.

Buy Gold Bars

Gold bars are cast or minted items that are bought only for investment purposes. They don’t have any historical or artistic significance; therefore, they are priced only based on their purity and weight. They contain more than 99.9% gold and weigh between one gram and 400 ounces.

Open a Gold IRA

A gold IRA is a retirement account that functions like a traditional IRA. However, unlike a traditional IRA, you can invest in IRS-approved precious metal products and stocks in gold mining companies.

Invest in a Gold IRA in Honolulu

Establishing a gold IRA is a fast and easy process. First, you need to find a custodian who will set up the account and administer it. After the setup is done, you can purchase gold and other precious metal products into your IRA with the help of a broker.

The IRS also allows you to roll over funds from an existing retirement plan. The rollover process usually takes place in 60 days. If it takes more, you may be required to pay an early withdrawal penalty.

The list of eligible accounts for rollover includes the following:

Traditional IRA
Roth IRA
401(k)
403(b)
457(b)
SEP IRA
SIMPLE IRA
Thrift Savings Plan (TSP)

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

Popular gold coins:
U.S. American Eagle
U.S. American Buffalo
Australian Kookaburra
Austrian Philharmonic
Canadian Maple Leaf
British Britannia
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.
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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.
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