If you are really into gold or silver, the GoldBullionReview.com site is the perfect place to look at. With our editorial team we’ll take a look at some of the best — and the most well-known — online bullion dealers on the market, with a view to determining the pros and cons of purchasing physical gold from each and every one of them. All of these dealers sell physical gold and/or silver, including bars and coins, but some do it a little differently to others, as we shall discover.
GoldBroker is a bullion storage company, which means that the bullion you buy is moved to one of their secure storage vaults, kept out of reach of the banking system in New York, Toronto, Switzerland or Singapore. With GoldBroker, a purchase is an allocation, as they assign bullion they already own to your name, before storing this in their vaults.
- Very Secure
- Storage Outside of Banking System
- No Risk Of Confiscation
- Can Arrange Delivery
- Fully Insured
- Spot Price Bullion
- Only physical metals: Gold, Silver, Platinum and Palladium all Available
- High Minimum Order
- Little Variety (no Numismatics)
- High Subscription Fees
GoldBroker review summary
Although GoldBroker are more expensive than some of the other dealers, they offer an unparalleled level of safety that you just can’t put a price on. Of course, that wouldn’t be the case if you were buying in small quantities, in which case you can definitely put a price on it and it would always read, “Far too much!”. But GoldBroker understand this as well as anyone, which is why they only deal in large quantities.
If you are looking to buy bullion in bulk, and you want to buy only “physical” and avoid “virtual” bullion, then GoldBroker is the best option. Hands down. But this is not the right option if you’re on a budget, as GoldBroker won’t even entertain you.
For more info on GoldBroker, you can read our detailed review,
a better option will be to look directly at their site: goldbroker.com
BullionVault claim to be the “world number 1” for direct gold ownership. They offer you the chance to buy virtual gold or silver, which is backed by real bullion, with over 34 tons of gold allocated for customer purchases. With BullionVault, you can buy and sell at the click of a button, much like trading Forex or options.
- Quick and Easy
- Spot Price Bullion
- No Need to take Delivery
- Low Minimums; High Maximums
- No Specific Bars or Coins (only “Gold” and “Silver”)
- No Platinum or Palladium
- Too Simplistic and Soulless
Bullion Vault review summary
If you’re only interested in the intrinsic value of precious metals, if you are not concerned with premiums, numismatics or brands, then BullionVault is ideal. This is basically a Forex for precious metals, which will appeal to many traders, but will be a turn off for those with an actual passion for gold and silver.
For more info on Bullion Vault, you can read our detailed review,
a better option will be to look directly at their site: bullionvault.com
JM Bullion review
JM Bullion is one of the biggest bullion sites in North America. Based in Texas, this bullion dealer ships worldwide, with free shipping throughout the US. They have an extensive range of products and are one of the few dealers to sell copper.
- Copper and Platinum Available
- Free Shipping in the US
- Low Prices
- Wide Range
- Numismatics Included
- IRA’s Available
- Must Take Delivery
- Slow Shipping
- Occasionally Slow Customer Support
JM Bullion review summary
If you want to take delivery of your bullion, if you have a passion for numismatics and you don’t have tens of thousands to invest in a single order, then JM Bullion may be the dealer of choice. The fact that you have to take delivery of your order, with no storage options and no way to immediately buy or sell, means that your margins are always a little smaller and your input is always a little greater. However, for collectors and long-term investors who enjoy having their bullion in their possession, it’s ideal.
For more info on JM Bullion, you can read our detailed review,
a better option will be to look directly at their site: jmbullion.com
SD Bullion review
Short for “Silver Doctors”, SD Bullion is a Michigan-based bullion dealer that primarily sells silver coins and silver bars. It was founded in 2012, but didn’t really begin to take off until 2014, when the website was given a makeover and SD Bullion stepped up their game.
- Great Choice of Silver
- Low Prices
- Low Cost Shipping
- Silver Only
- Must Take Delivery
- Not Worthwhile for International Customers
SD Bullion review summary
If you have a passion for silver, and want to add some high and low premium coins to your collection, then there are few better options. Of course, that’s assuming you’re in the United States, because if not, then this is simply not a viable option. When you factor in the shipping charges and the VAT or sales tax that may apply (depending on your location) then what seems like a good deal turns into a terrible one, and it becomes impossible to make a profit.
SD Bullion is for American silver stackers only, and that applies regardless of how much they have to spend.
For more info on SDBullion, you can read our detailed review,
a better option will be to look directly at their site: sdbullion.com
Where to Buy physical gold and silver online?
All of these sites have their uses, and each of them will appeal to a certain group of buyers.
If you want to purchase low priced, high quality physical bullion, then you can’t go wrong with JM Bullion and SD Bullion. At least, you can’t if you’re in North America, because for anyone based overseas, the shipping charges will negate any savings you make on the bullion and may potentially halt any chance you have of a quick profit.
For customers based overseas, and for those interested purely in the intrinsic value of these precious metals, BullionVault seems to be the best bet.
However, if you have a lot of money to spare, and you want the extra security, as well as the backing of real gold and real silver, then GoldBroker is the way to go.
In other words, no one site is perfect and no one site beats another, but they all serve an individual purpose and appeal to a select demographic, and which one you prefer depends on which demographic you fit into.