Gold $2,358.16 0.03%
Silver $28.61 -1.71%
Platinum $1,038.45 -3.82%
Palladium $984.31 -0.89%
McGruff Gold Dealers Michigan Detroit

Buy Gold Online in Detroit, Michigan

Precious metals are one of the most valuable investments in Detroit. There are many reasons why people buy gold. Specifically, it offers a high return on investment and retains value for a long time without undergoing significant price changes.

Many Detroit residents want to invest in gold. Specifically, Detroit and its suburbs are home to many top bullion and coin dealers. The reason is that the city has a rich history of buying precious metals and coins.

Find out more about the types of gold investment and gold sellers below.

Types of Precious Metals Investments

Some of the most popular investment opportunities include buying gold bars and coins or opening IRAs.

Buy Gold Coins

Gold coins contain between 90% and 92% gold, ranging from a few grams to a few ounces. The U.S. Mint, Royal Canadian Mint, Royal Mint of the United Kingdom, the Central Mint of the People’s Bank of China, and the Perth Mint in Australia represent internationally renowned mints. When buying these coins, make sure the seller provides a certificate of authenticity.

Buy Gold Bars

Gold bars are refined gold. Before purchasing gold bars, make sure they meet the standard manufacturing conditions and labeling by government or private mints. Specifically, gold bars contain 24 karats (999.9 pure gold), ranging from one gram to 400 ounces. If you want to buy a bar, make sure it has a certificate about its weight, purity, and gold standards. The price of a bar is mainly based on the content of gold and comes stamped on the bar to prove authenticity.

Open a Gold IRA

Also called a self-directed IRA (SDIRA), gold IRAs are specialized individual retirement accounts. Unlike a traditional IRA, gold IRAs are funded through physical gold instead of paper assets.

Invest in a Gold IRA in Detroit

If you’re looking for a tax-efficient gold investing option, you can open a gold IRA. Contact a local or online gold dealer to open an IRA account or roll over a traditional one. The company representatives will help you pick a custodian, depository, and IRS-approved gold assets.

The following accounts are eligible for a rollover:

Traditional IRA
Roth IRA
401(k)
403(b)
457(b)
SEP IRA
SIMPLE IRA
Thrift Savings Plan (TSP)
The IRA rollover must be completed within 60 days. Otherwise, you’ll face early withdrawal penalties.

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

Popular gold coins:
American Eagle
American Buffalo
Canadian Maple Leaf
South African Krugerrand
Indian Quarter Eagles
Indian Eagles
Liberty Double Eagles
Liberty Eagles
Liberty Quarter Eagles
St Gaudens Double Eagles
Popular gold bars:
PAMP Suisse
Credit Suisse
Perth Mint
Valcambi
Johnson Matthey
IGR
Scottsdale
Argor-Heraeus
RCM

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 Detroit, MI

Detroit Grand Rapids

Recent Blog Posts

How to Sell Gold With Fewer Taxes

Dec 21, 2021

Top 4 ESG Investing Trends

Feb 21, 2024

How to Convert Your IRA to a Gold IRA

Apr 30, 2024
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.