Today’s post is from the guys over at JM Bullion.com. They’re a new sponsor and asked if they could write a post for ya’ll about their products. I think the topic is important enough to give them a chance.
So here you go!
Survivalists as a whole are generally advocates of placing some of your wealth into physical gold and silver bullion. The reasons for this are many, namely:
Hedging against inflation
- Storing wealth in case of a fiat currency crisis
- Accumulating a potential currency for the future
The bullet points above have been hashed over countless times online, so I won’t get into the actual reasons one might desire physical gold and silver. The purpose of this article is to discuss how investors can purchase physical gold and silver online, as well as the advantages of doing so.
Why Buy Online?
In my opinion, the main advantages of buying online are the wide selection, the low prices, and the convenience. I will discuss each of these aspects now.
When you shop at an online gold and silver retailer, you likely are dealing with a well-capitalized company that maintains a vast inventory. This is a stark difference from a local gold and silver shop, which is limited to whatever inventory they might have bought from the public in your area of late.
For example, online retailers like JMBullion.com purchase directly from the mints and thus offer several brands and sizes of gold and silver bars, numerous gold and silver coins, and silver rounds. These products are always in stock and ready to go. This is much different from local coin shops, which only have what they’ve bought from the public recently.
In addition, many online retailers also offer additional products like platinum bullion, palladium bullion, coin and bar accessories, and even survival gear and supplies. This is something you certainly won’t find at the majority of local coin shops.
For most gold and silver investors, this is the biggie. When you are purchasing something as an investment, the most important thing by far is to ensure you pay the lowest rate possible. Anytime you overpay by even a cent, your investment has to appreciate that much further just to break even.
Since online retailers usually hedge their inventory virtually to the ounce through the future markets, they can offer the lowest prices relative to spot while still maintaining reasonable margins.
Local retailers aren’t big enough to hedge their gold and silver positions, thus they have to charge a higher premium over spot to ensure they remain profitable even as the markets move.
Because of this, online dealers are typically a few percentage points cheaper than local retailers, which amounts to a huge savings if you are buying even $5,000 or $1,000 worth of silver or gold.
The final major advantage of buying precious metals online is the convenience. Most online retailers offer online checkout, meaning you can hop on your computer (24/7/365), view live prices, and lock in your purchase without even making a phone call.
Online dealers typically allow you to pay by credit / debit card, paper check, or bank wire. If you pay by card, you don’t have to do anything further, as your order processes as normal and ships directly to your doorstep. Paper check or bank wire orders do require you to manually make payment, but a simple trip to your mailbox or local bank branch is all it takes.
From there, your order is processed and shipped directly to your doorstep. By using discrete packaging and insuring your package while in transit, online gold and silver dealers offer a very safe and reliable method of transporting your metals.
So Where Should I Buy?
If you are now sold on purchasing physical metals online, your next step is to find a reputable online dealer. As an official sponsor of SHTFBlog.com, JM Bullion is our dealer of choice for both gold and silver products. They offer extremely low rates, fast shipping, and some of the top customer service in the industry.