Gold $2,336.11 1.07%
Silver $28.21 -0.13%
Platinum $1,005.14 -3.12%
Palladium $966.22 0.93%
McGruff Gold Dealers Maryland Baltimore

Buy Gold Online in Baltimore, Maryland

As the capital of Maryland, Baltimore is one of the economic hubs on the East Coast. The city is home to multiple flourishing industries like healthcare, education, and finance, and the people living here have some of the highest wages in the entire country.

Many individuals in Baltimore seek their fortunes in precious metals. To grow long-term wealth, residents buy silver and gold.

Gold investing has historically helped people protect against market fluctuations when the U.S. Dollar isn’t performing well. Gold products are produced by mints and sold through certified and licensed gold sellers. Today, you can also buy gold online from the comfort of your own house.

Keep reading to learn more about the types of gold investments and how you can get started.

Types of Precious Metals Investments

You can invest in gold in three different ways – buy gold coins, buy gold bars, and set up a gold IRA.

Buy Gold Coins

A gold coin is made mostly or entirely of gold. Coins minted in the 1800s usually hold 90% or 92% gold, while almost all newer coins like the American Buffalo, Canadian Maple Leaf, or Britannia contain 99.9% gold. Alloyed gold coins like the South African Krugerrand and the American Eagle contain 91.7% gold, while the rest are made up of silver or copper. Gold coins are mainly priced based on their size, weight, and gold content. Most coins weigh between a few grams and a few ounces. However, the gold coin price may be higher than the face value because of rarity, scarcity, design, or demand.

Buy Gold Bars

A gold bar, also known as gold bullion or a gold ingot, is a quantity of refined gold in any shape used for investing purposes. Gold bars can weigh between one gram and 400 ounces. These gold objects can be either cast or minted, both differing in appearance and price. The price of a gold bar is only determined by its size and gold content, which is usually 99.9%. When buying gold bars, make sure they are sold by certified dealers, with their weight, purity, and manufacturer’s name inscribed on them.

Open a Gold IRA

A gold IRA is an individual retirement account that functions like a regular IRA. The only difference is that instead of paper assets such as stocks and bonds, they hold physical bullion coins or bars. A gold IRA is a self-directed account, which means that a custodian can allow you to hold more diverse investments.

Invest in a Gold IRA in Baltimore

Establishing a gold IRA in Baltimore is easy and doesn’t take much time. First, you need to find a custodian who can help you with setting up and administering the account. Next, you will need to find a broker who can help you purchase the products for your IRA.

The IRS also allows you to roll over from an existing account. But you should be careful to complete the transfer within 60 days; otherwise, you may pay early withdrawal penalties.

The list of eligible accounts for rollovers includes:

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 Baltimore

Popular gold coins:
U.S. Saint-Gaudens Double Eagle
U.S. American Eagle
South African Krugerrand
The Austrian Philharmonic
Chinese Panda
American Buffalo
Gold Australian Kangaroo
Canadian Maple Leaf
British Britannia
British Sovereign
Popular gold bars:
Holy Land Mint
Heraeus
ScotiaMocatta
Perth Mint
Sunshine Minting
UBS
PAMP Suisse
Engelhard
Johnson-Matthey
Credit-Suisse

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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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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