Gold $2,026.06 0.45%
Silver $24.03 2.11%
Platinum $897.34 2.36%
Palladium $955.54 2.18%
McGruff Gold Dealers Texas El Paso

Buy Gold Online in El Paso, Texas

In 1893, two prospectors discovered gold in Goler Gulch in the El Paso Mountains. Soon, camps sprang up at Red Rock Canyon and Goler Gulch, where miners found several large gold nuggets weighing up to 57 ounces. Within the next two years, more than $50,000 worth of gold nuggets and dust were uncovered in the El Paso Mountains.

Even today, gold investing is still popular. El Paso investors often buy silver and gold because of their long-term investment opportunities. If you’re looking to grow your wealth, browse gold investment options below.

Types of Precious Metals Investments

If you’re looking to invest in gold, you can begin your journey by buying gold bars and coins or opening an IRA.

Buy Gold Coins

Gold coins are manufactured by government mints such as the U.S. Mint and the Royal Mint of the United Kingdom. Gold coins come in different sizes and qualities. Gold coin prices vary depending on its demand, rarity, scarcity, and aesthetics.

Buy Gold Bars

Investment-quality gold bars have an international purity standard of 99.5%. They come in various sizes ranging from one gram to 400 ounces. Larger bars are produced by pouring molten gold into molds, whereas small bars are manufactured by minting rolled gold sheets. Gold bars are stamped with the manufacturer’s name, weight, and purity.

Open a Gold IRA

A gold IRA allows individuals to invest their retirement savings in IRA-approved physical coins, bars, and precious metal stocks. A gold IRA functions like a traditional IRA. However, the account is funded using physical gold instead of holding paper assets.

Invest in a Gold IRA in El Paso

El Paso residents who wish to invest in a gold IRA can contact local or online gold sellers to set up their new account or rollover an existing IRA. Typically, a representative from the company will walk you through the setup process.

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 El Paso

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
Perth Mint
ScotiaMocatta
Heraeus
Holy Land Mint

Coin Mints in El Paso

There isn’t a gold coin mint in El Paso, TX. Nonetheless, there is one in Addison, TX, called the Texas Mint.

The Texas Mint is a division of Texas Precious Metals. It crafts world-class bullion products such as the Texas gold rounds and the Texas gold bar. Both gold products have 99.99 purity and are distributed to precious metal wholesalers, retailers, and dealers in the United States.

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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Buy Gold and Silver From Cities Near El Paso, TX

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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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