Gold $2,351.03 0.33%
Silver $28.42 -1.03%
Platinum $1,039.51 -3.92%
Palladium $980.87 -0.54%
McGruff Gold Dealers New Mexico Albuquerque

Buy Gold Online in Albuquerque, New Mexico

For a long time, New Mexico was famous for its abundance of gold and silver. As a result, residents would buy silver and invest in gold to build long-term wealth.

Today, gold remains a popular investment, especially among the residents of Albuquerque, the largest city in the state.

Gold has always been a safer investment than other assets. This is because its price has historically been growing steadily, and its value is 15 times higher than what it used to be in the 1970s. You can now buy gold online from a variety of certified gold sellers all across the U.S. and get it delivered to your home in Albuquerque.

To learn more about gold investing and the types of gold investments available in Albuquerque, keep reading.

Types of Precious Metals Investments

Here are the three main ways you can invest in gold in Albuquerque:

Buy Gold Coins

Gold coins are manufactured by official coin mints in different countries. They come in various shapes and sizes and usually weigh between a few grams to a few ounces. Historically, gold coins have been used as currency, and some old coins bear cultural and aesthetic value. This can add to the gold coin’s price on top of its gold content and weight. Newly-produced coins are around 99.9% pure, while the purity in older coins is about 90% to 92%.

Buy Gold Bars

Gold bars are cast or minted gold items that contain about 99.9% gold. They weigh between one gram and 400 ounces and are solely purchased for investing purposes. Therefore, a bar’s price is only determined by its gold content and weight. They can be acquired from licensed dealers. When buying gold bars, make sure they come with their purity, weight, and manufacturer’s name engraved on them, as well as with a certificate of authenticity.

Open a Gold IRA

Gold IRAs are retirement accounts that function like traditional IRAs but only allow you to keep gold and other precious metals. Investors can hold gold coins, bars, and bullion, as well as stocks in gold mining companies in their gold IRAs.

Invest in a Gold IRA in Albuquerque

A gold IRA is a self-directed account, which means that you can only establish and make contributions to it yourself. The setup process is usually easy and hassle-free. First, you need to find a custodian to administer your account. A company representative will also walk you through the setup process. Finally, once the setup is complete, you can start purchasing gold and other precious metals and add them to your IRA with the help of a broker.

The IRS also allows individuals having one of the following retirement accounts to roll over to a gold IRA:

Traditional IRA
Roth IRA
401(k)
403(b)
457(b)
SEP IRA
SIMPLE IRA
Thrift Savings Plan (TSP)
However, please note that if the rollover takes more than 60 days, you will have to pay an early withdrawal penalty.

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

If you want to buy gold coins online, here are some examples that you can consider. These coins are also IRS-approved, which means that you can add them to your gold IRA.
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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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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