Gold $2,030.33 0.24%
Silver $23.94 2.48%
Platinum $892.22 2.95%
Palladium $949.88 2.79%
McGruff Gold Dealers New York Yonkers

Buy Gold Online in Yonkers, New York

Throughout history, precious metals have served as long-term growth assets and hedges against economic uncertainties. Most often, residents invest in gold to grow their wealth long-term. However, investors also buy silver, platinum, and palladium to diversify their portfolios.

These attractive attributes of gold make the precious metal an excellent portfolio diversification tool for investors in Yonkers.

If you’re looking to invest in gold coins and bars, consider buying from reputable online gold companies, as they provide extra security and convenience. That said, consider browsing various gold investment options available from the dealers listed below.

Types of Precious Metals Investments

If you’re looking to invest in gold in Yonkers, popular assets to choose from include gold coins, bars, and IRAs.

Buy Gold Coins

Gold coins are often the primary means of investing in gold and come with a certificate of authenticity. They are available in different sizes, ranging between a few grams to a few ounces. Gold coins are manufactured by government mints, including the U.S. Mint, Royal Canadian Mint, Royal Mint of the United Kingdom, Central Mint of the People’s Bank of China, and Perth Mint in Australia. Often, the gold coin price will be higher than the face value due to scarcity, demand, historical factors, and design elements.

Buy Gold Bars

Investment-quality gold bars have the highest purity standard of 99.5%. They come in various sizes, ranging from one gram to 400 ounces. Smaller gold bars are produced by minting rolled gold sheets, whereas larger bars are made by pouring molten gold into molds. Nonetheless, a bar’s price is determined by the content of gold rather than its form. When buying gold bars, make sure they have their weight and manufacturer’s name engraved on them to ensure authenticity.

Open a Gold IRA

A gold IRA works like a traditional IRA account. However, a gold IRA is funded with IRS-approved physical coins, bars, and precious metal stocks instead of paper assets. Make sure to explore various gold IRA investments and other types of gold investment options to enhance your portfolio.

Invest in a Gold IRA in Yonkers

Yonkers residents can contact local or online gold sellers to set up their gold IRA accounts. They also have the option to roll over an existing IRA. Typically, a representative from the gold company will walk you through the setup process, including choosing a custodian, IRS-approved products, and a precious metals depository.

The following accounts are eligible to roll over into a gold IRA:

Traditional IRA
Roth IRA
401(k)
403(b)
457(b)
SEP IRA
SIMPLE IRA
Thrift Savings Plan (TSP)
However, when rolling over an IRA, make sure the transfer is completed within 60 days. Otherwise, you may incur penalties for early withdrawal.

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

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

Coin Mints in Yonkers

There isn’t a gold coin mint in Yonkers. However, one of the most famous coin-minting facilities in the U.S. is the West Point Mint in New York, which holds 22% of the country’s gold reserves. The West Point Mint was established in 1937, and its primary purpose was to serve as a storage facility for silver bullion.

Since 2006, the West Point Mint has manufactured gold, silver, and platinum American Eagle Bullion and commemorative coins authorized by Congress. The West Point Mint has the “W” mint mark inscribed on its circulating quarters to indicate the minting facility.

Precious Metals Buying Guide by State

Click on your state to learn more about purchasing gold or investing in a gold ira 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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