When buying gold and silver as a hedge against inflation, it's important to know the top gold and silver dealers online. In order to avoid getting ripped off, take my advice on these gold and silver dealers because I have dealt with most of them.
It is extremely important to note that when buying gold and silver as an investment, you only buy for the metal content. You do not want to purchase numismatic or rare coins because many of them carry a high premium over the spot price.
Since you are an investor of gold and silver, you will want to get as much metal as possible for the lowest price. A good thing to remember is to only buy bullion or gold and silver bullion coins.
Many coin dealers will try to sell you the rare and graded coins because they make huge premiums over the spot price. To avoid getting ripped off like I have been, buy only bullion coins and bars.
Now let's talk about the top places to buy gold and silver online.
Monex has one of the nicest and user friendliest websites for gold and silver. They have very descriptive videos of each metal you may be investing in. Monex really goes out of their way to be informational about the products you are buying. Monex has a good selection of metals to pick from, but their inventory of bullion is a little lacking. Monex does give a list price of each item they sell.
The prices at Monex are a little higher than other places, but they score a 10 on their website design. Overall, Monex is worth the time to check out, at least if it's only to take a look at the videos. You will learn a lot from the website alone, and you might just decide to go with Monex as your gold and silver dealer online.
eBay.com is a great place to buy your precious metals from. eBay has a huge marketplace for not only gold and silver, but practically anything you want to buy. The best thing about buying gold and silver coins on eBay is the gigantic selection.
You can find cheap deals if you shop around, and sometimes you can get silver coins for under spot price on eBay. I do use eBay to buy gold and silver, but for the most part their prices are a little more than I like to pay, unless you find a rare deal. Many times you can get free shipping on gold and silver coins if you choose the right seller.
Overall, eBay rates as a safe and viable choice to buy your gold and silver coins and bullion.
I have heard some good feedback about Bullion Direct, but I have never bought from them personally. Bullion direct has a descent inventory of metals, but their website is not as user friendly as Apmex or Monex.
You can direct your money into a Bullion Direct self directed IRA, but their prices on coins like the American Silver Eagle do not hold up against the Apmex prices. If you have an IRA with an approved IRA custodian, you can invest your tax-deferred funds into gold and silver coins and bullion.
You will actually hold the physical metals, but they will be either stored in Bullion Direct's vault or a company of their choosing to store your metals. An IRA through Bullion Direct is not a bad idea. It's not a bad idea to buy physical metals from Bullion Direct, but there are other alternatives that might be more beneficial to your wallet.
Goldline has a nice website and some good inventory to choose from. Goldline's shipping and customer service ranks high in my opinion so it's a good place to start. Goldline, like Bullion Direct, offers a precious metals IRA.
The only problem I see is that they do not quote the prices on their website. Unlike Apmex or Bullion direct, their prices are hidden and it says "call to order". Glenn Beck from Fox News is a Goldline proponent and he advertises for them on his commercials sometimes. I like the fact that a familiar face is promoting the business because it makes me feel good about buying from them.
I seem to have gotten a good deal when buying from Goldline, but I'm just not crazy about the hidden price. Overall, I think Goldline is a stand up company and a good place to do business. You may want to call and get some price quotes before you commit to buying though.
Apmex.com is by far my favorite place to purchase gold coins, silver coins, silver bullion, gold bullion, American gold eagles, and American Silver Eagles. Apmex has a large inventory of gold, silver, platinum, palladium, rare currencies, and precious metals IRA's.
Apmex has great prices, the cheapest I have found, and they ship within a week usually. Apmex is constantly having sales and marked down items. Apmex also has great packaging of your product. They go over and above to make sure your items. Do not get banged around.
Overall, Apmex has great price, super shipping, great discounts, and good customer service. I give Apmex.com an A +++.