Gold $2,346.40 0.53%
Silver $28.39 -0.94%
Platinum $1,013.27 -1.43%
Palladium $974.57 0.1%
McGruff Gold Dealers Rhode Island Providence

Buy Gold Online in Providence, Rhode Island

Many Providence residents invest in precious metals due to their intrinsic value and relatively steady price increase. Most often, residents invest in gold to grow their wealth long-term. However, investors also buy silver, platinum, and palladium to diversify their portfolios.

If you reside in Providence and want to invest in gold, consider buying gold bars and coins from online dealers, as it is more convenient. In addition, you don’t have to leave the comfort of your home as gold sellers will deliver your gold directly to your home or depository.

To learn more about gold investing, keep reading to find out how to get started.

Types of Precious Metals Investments

If you’re considering investing in gold in Providence, some popular types of gold investments include gold coins, bars, and IRAs.

Buy Gold Coins

Gold coins are manufactured by government mints, like the U.S. Mint, Royal Canadian Mint, and Royal Mint of the United Kingdom. Often, the gold coin price will be higher than the face value due to scarcity, demand, historical factors, and design elements. Gold coins range in size and are typically available in four denominations: one-ounce, half-ounce, one-quarter-ounce, and one-tenth-ounce. All gold coins come with a certificate of authenticity from the manufacturing mint.

Buy Gold Bars

Gold bars typically have the highest purity standards. This is because investment-quality gold bars have an international purity standard of 99.5%. You can find gold bars in various sizes, ranging from one gram to 400 ounces. Smaller bars are made by minting rolled gold sheets. On the other hand, 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 allows investors to hold IRS-approved physical coins, bars, and precious metal stocks in their retirement accounts. A gold IRA works like a traditional IRA. However, it is funded using physical gold rather than paper assets.

Invest in a Gold IRA in Providence

Providence residents who wish to invest in a gold IRA can contact local or online gold sellers to set up their gold IRA investments or rollover 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 depository.

If you decide 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, 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 Providence

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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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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