Gold $2,389.77 -1.96%
Silver $29.60 -4.33%
Platinum $1,075.69 -6.36%
Palladium $1,015.73 -4.54%
McGruff Gold Dealers Ohio Cleveland

Buy Gold Online in Cleveland, Ohio

As the second largest city in Ohio, Cleveland’s gold investment opportunities are also expanding. Aside from local gold sellers, many new and experienced investors are beginning to buy gold coins and bars online.

Because of its stability, gold investing can help you protect against inflation and economic volatility. If you live in Cleveland and want to invest in gold, we will help you learn more about the types of gold investments.

Types of Precious Metals Investments

There are multiple ways you can invest in gold. The three most popular ways of investing include buying gold bars and coins, as well as setting up gold IRAs. Let’s look at each of these products in more detail.

Buy Gold Coins

Gold coins are produced by mints in different countries, including the United States, the United Kingdom, Australia, China, and Canada. They usually weigh from a few grams to a few ounces and contain different amounts of gold. The price of a gold coin depends largely on its size and gold content, as well as rarity, scarcity, demand, and design elements. Due to these factors, the gold coin price can sometimes be higher.

Buy Gold Bars

Bars sometimes have higher purity standards than coins. Their price is largely dependent on their gold content, and bars usually hold 99.5% gold in them. Gold bars have their manufacturer’s name, weight, and purity stamped on them. They are sold only by licensed gold dealers and come with a certificate of authenticity attached.

Open a Gold IRA

Gold IRAs work like traditional IRA funds, except for the fact that you invest in gold products and not paper assets. You can also roll over from other retirement accounts to a gold IRA.

Invest in a Gold IRA in Cleveland

To save for retirement using physical gold, you must either set up a gold IRA or rollover from an existing account. If you want to open a new one, you will need to find a gold dealer and a custodian who will create and administer your account. A company representative will usually help you with the setup process and paperwork.

If you want to roll over from an existing account to a gold IRA, these are the eligible accounts:

Traditional IRA
Roth IRA
401(k)
403(b)
457(b)
SEP IRA
SIMPLE IRA
Thrift Savings Plan (TSP)
When rolling over from an existing account to a Gold IRA, there are some precautions you need to consider. Make sure that the funds are completely transferred within 60 days to avoid paying early withdrawal penalties.

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

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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Buy Gold and Silver From Cities Near Cleveland, OH

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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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