Gold $2,359.37 -0.02%
Silver $28.60 -1.66%
Platinum $1,061.68 -5.93%
Palladium $995.53 -2%
McGruff Gold Dealers New York New York City

Buy Gold Online in New York City, New York

Although New York City is home to the stock exchange, many people are opting to invest in precious metals instead, thanks to its relatively stable growth.

Most often, residents invest in gold to grow their wealth long-term. However, investors also buy silver, platinum, and palladium to diversify their portfolios. Investors who are looking to diversify their assets, hedge against the volatility of stocks, and grow their wealth may choose to buy gold bars and coins.

Whether you’re a pro or new to gold investing, online gold sellers make it more convenient to buy gold online and have it shipped directly to your door. We outline the essentials of buying gold online and how to get started.

Types of Precious Metals Investments

Buy Gold Coins

Bullion gold coins are one of the most popular ways to invest in gold. Gold bullion coins are made from .999 fine gold, which means that each coin contains one troy ounce of gold. They usually come in one of three sizes: one-tenth ounce, one-quarter ounce, and half ounce. Additionally, bullion coins are often stamped with the denomination and purity of the coin as well as its weight and metal content. Often, the gold coin price will be higher than the face value due to scarcity, demand, historical factors, and design elements.

Buy Gold Bars

Gold bars are the most common type of gold investment. They are stored in banks and act as a store of value in times of economic uncertainty or simply as an investment. Gold bars are usually made of gold, but some are also made of silver and other precious metals.

Open a Gold IRA

Gold bars come in different sizes, weights, and purity levels. They may be as small as one gram or as large as 100 ounces. The purity level of a gold bar determines its value. Bars that have been manufactured with high purity fall into the category of “investment grade” or “standard gold bar.” When buying gold bars, make sure they have their weight and manufacturer’s name engraved on them to ensure authenticity.

Invest in a Gold IRA in New York City

A gold IRA allows New Yorkers to invest in IRS-approved physical coins and bars. A gold IRA functions like a traditional IRA. However, the only difference is that a gold IRA account holds physical gold rather than paper assets.

Big Apple residents can contact local or online gold sellers to open a gold IRA account or rollover an existing IRA. Typically, a representative from the company will walk you through the setup process, including choosing a custodian, IRS-approved products, and a depository.

If you want to roll over a traditional IRA into a gold IRA, the following accounts are eligible:

Traditional IRA
Roth IRA
401(k)
403(b)
457(b)
SEP IRA
SIMPLE IRA
Thrift Savings Plan (TSP)
However, if you are rolling over an IRA, make sure the transfer is completed within 60 days. If it is not, you may incur penalties for early withdrawal.

Buy Gold and Silver Coins, Bars, and Bullions Online in New York City

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

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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Buy Gold and Silver From Cities Near New York City, NY

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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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