Gold $2,028.11 0.35%
Silver $23.93 2.53%
Platinum $893.14 2.85%
Palladium $949.38 2.84%
McGruff Gold Dealers Texas Lubbock

Buy Gold Online in Lubbock, Texas

Investors in Lubbock often turn to gold coins and bars to diversify their portfolios. This is because gold is considered a long-term growth asset that increases over time and acts as a hedge against economic uncertainties. Even though there are multiple reputable gold dealers in Lubbock, many investors prefer to buy gold online as it is more convenient than visiting a store. That said, consider gold investment options available from the dealers listed below.

Types of Precious Metals Investments

The most popular gold assets to invest in Lubbock include gold coins, bars, and IRAs.

Buy Gold Coins

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, gold coins cost significantly more than their face value because of the coin’s demand, rarity, scarcity, and design elements. Gold coins range in size between a few grams to a few ounces.

Buy Gold Bars

Gold bars typically have the highest purity standards, with investment-quality gold bars having an international standard of 99.5%. They come in various sizes, ranging from one gram to 400 ounces. Small bars are produced by minting rolled gold sheets, whereas larger bars are made by pouring molten gold into bars. Nonetheless, a bar’s price is determined by the content of gold rather than its form. Each bar is then stamped with the manufacturer’s name, weight, and purity.

Open a Gold IRA

A gold IRA allows investors to hold IRS-approved physical coins, bars, and precious metal stocks in their retirement accounts. It functions like a traditional IRA but is funded using physical gold rather than paper assets.

Invest in a Gold IRA in Lubbock

To start investing in a gold IRA, Lubbock residents can contact a local or online gold dealer to set up their new account or roll over an existing IRA. Typically, a company representative walks investors through the setup process and helps them choose IRS-approved products.

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 existing IRA, make sure the transfer is completed within 60 days. Otherwise, you may be penalized for early withdrawal.

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

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 Lubbock

The Texas Mint is located in Addison, and it is the only coin mint in the state. The mint is a division of Texas Precious Metals and crafts world-class bullion. Its most popular products include the 99.99% pure Texas Gold Rounds and the Texas Gold Bar.

In addition, there are four gold coin-producing mints in the U.S. They are located in Philadelphia, Denver, San Francisco, and New York.

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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Best Gold Dealers Near Me

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American Hartford Gold

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Augusta Precious Metals

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Birch Gold Group

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Goldco

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Buy Gold and Silver From Cities Near Lubbock, 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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