Gold $2,336.25 1.07%
Silver $28.29 -0.4%
Platinum $1,005.83 -3.19%
Palladium $969.42 0.6%
McGruff Gold Dealers Virginia Richmond

Buy Gold Online in Richmond, Virginia

Historically, people have been investing in precious metals to protect themselves in times of economic hardships. Many investors choose gold as a long-term growth asset as the price of the precious metal has been growing steadily over the past few decades. However, investors also buy silver, platinum, and palladium to diversify their portfolios.

A variety of certified precious metal dealers across the United States sell gold products online. We have created this guide to help you buy gold online in Richmond. Read on to find out more about the available products and gold sellers.

Types of Precious Metals Investments

There are three main ways you can invest in gold online. Let’s have a look at each one of them in more detail.

Buy Gold Coins

Coins are the most popular and in-demand gold products, not only because of their intrinsic value but also because of their beautiful designs. Gold coins weigh between a few grams and a few ounces. Old coins usually contain 90% to 92%, while newly produced ones hold 99.9% gold. Often, the gold coin price will be higher than the face value due to scarcity, demand, historical factors, and design elements.

Buy Gold Bars

Bars are another type of gold product purchased specifically for investing purposes. They weigh between one gram and 400 ounces and hold 99.9% gold. Unlike coins, gold bars don’t have an aesthetic significance and are solely priced based on their weight and gold content. They are produced by accredited facilities, sold by certified gold sellers, and come with a certificate of authenticity. When buying gold bars, make sure they have their weight and manufacturer’s name engraved on them to ensure authenticity.

Open a Gold IRA

Alternatively, you can open a gold IRA, where you can purchase and add gold coins, bars, and bullion. A gold IRA works similarly to a traditional IRA. The only difference is that you can only hold precious metal products instead of paper assets.

Invest in a Gold IRA in Richmond

Establishing a gold IRA is a great way to invest in gold today. The Taxpayer Relief Act of 1997 expanded the number of gold coins and bullion that can be held in an IRA. Before that, the only eligible product was the U.S. American Gold Eagle coin.

The setup process is usually very fast and easy. A custodian will help you open a gold IRA account and administer it. Then, with the help of a broker, you can purchase and add gold products to your account.

The IRS also allows you to roll over your funds from any of these existing accounts:

Traditional IRA
Roth IRA
401(k)
403(b)
457(b)
SEP IRA
SIMPLE IRA
Thrift Savings Plan (TSP)
However, please note that if the rollover process takes longer than 60 days, you may have to pay an early withdrawal penalty.

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

Popular gold coins:
U.S. American Eagle
U.S. American Buffalo
South African Krugerrand
Austrian Philharmonic
Canadian Maple Leaf
British Britannia
British Sovereign
Australian Kangaroo
Mexican Libertad
Chinese Panda
Popular gold bars:
Credit Suisse
PAMP Fortuna
PAMP Lunar
Valcambi CombiBar
Perth Gold Mint
Royal Canadian Mint
Sunshine Minting

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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