{"id":325707,"date":"2026-03-06T22:35:13","date_gmt":"2026-03-06T22:35:13","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/325707\/"},"modified":"2026-03-06T22:35:13","modified_gmt":"2026-03-06T22:35:13","slug":"how-to-buy-gold-from-amazon","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/325707\/","title":{"rendered":"How To Buy Gold From Amazon"},"content":{"rendered":"

Gold prices<\/a>\u00a0have been on a roller coaster this year. On March 6, the precious metal’s spot price sat at $5,093 per ounce<\/a> in the morning, six days after the U.S. and Israel initiated strikes on Iran. Earlier in the year, it peaked at a record high of $5,400 per ounce before sinking back below $5,000. <\/p>\n

Gold’s popularity tends to spike in times of geopolitical turmoil and economic uncertainty. It’s long been seen as a safe-haven investment<\/a> and a store of value that has little correlation to stocks and bonds<\/a>. If you’re interested in making the precious metal a part of your portfolio, it’s possible to buy gold on your own from several popular online retailers. But some are better than others. <\/p>\n

Adding gold bars to your Amazon order of paper towels or shampoo may not be wise. A one-ounce 24-karat Pamp Suisse gold bar listed by independent Amazon seller IROLD costs $7,399. Given the spot price, that’s a markup of about 45%. <\/p>\n

The site also shows gram-sized 10- and 14-karat gold bullion sold by independent sellers. The prices for these options vary wildly. However, not all gold is equal \u2014 many investment-grade bullions are made from 24-karat gold, which has a purity of .999, or 99.9%. While 14-karat gold is good for jewelry, it doesn’t contain as much gold as 24-karat gold, according to online gold dealer APMEX<\/a>.<\/p>\n

Meanwhile, other retailers sell comparable gold options at significantly lower prices. Costco<\/a> sells its Pamp Suisse bars for 1% to 2% above the spot price<\/a>. <\/a>And Walmart<\/a>‘s prices fluctuate often, but typically fall between 1% and 10%, a relatively standard markup, according to gold dealer\u00a0JM Bullion<\/a>. <\/p>\n

When Select asked Amazon why gold sold on its marketplace was priced much higher than similar offerings sold at other retailers, a company spokesperson said Amazon works hard to provide the lowest prices to customers. <\/p>\n

“Third-party sellers independently make decisions regarding their inventory, selection, and pricing\u2014and Amazon offers optional tools to support them in offering competitive, low prices,” the spokesperson said in an email. <\/p>\n

To be sure, stay vigilant when buying gold from any retailer, as counterfeit bars are a possibility. Avoid them by fully vetting any seller before you buy, checking mint marks and micro-engravings and purchasing gold in tamper-resistant packaging, according to Australian manufacturer and seller The Perth Mint<\/a>.<\/p>\n

If you want to invest in gold, buying a bar on Amazon isn’t the only way to include it in your portfolio. Here’s what you need to know.<\/p>\n

You can diversify your portfolio with precious metals through these gold IRAs<\/p>\n

Offers in this section are from affiliate partners and selected based on a combination of engagement, product relevance, compensation, and consistent availability.<\/p>\n

\"\"<\/p>\n

Initial Purchase Requirements<\/p>\n

Minimum initial purchase requirement of $25,000<\/p>\n

Minimum initial purchase requirement of $25,000<\/p>\n

Account set-up fee of $50. Storage fees of $100 or $150 depending on storage type. Annual account administration fee of $125.<\/p>\n

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We want to hear your story. Do you have a financial success, goal or stressor you’re comfortable sharing with a reporter? Please fill out this\u00a0quick form<\/a>.<\/p>\n

Pros and cons of buying a gold bar <\/p>\n

If you’re considering buying a gold bar, you should be aware of the benefits and drawbacks. <\/p>\n

Pros of buying a gold bar<\/p>\n

Physical investment that you control: If you like the fact that gold is a tangible investment, it may especially appeal to you. Easy to buy: You can purchase gold bullion from several major retailers and gold dealers. Universally recognized: It’s easy to exchange gold for cash in the future.<\/p>\n

Cons of buying a gold bar <\/p>\n

Storage concerns: You need to find a way to keep it secure while keeping it accessible.Possible premiums: You may pay a markup of 10% or more. Open a gold IRA<\/p>\n

Investing through a gold IRA<\/a> solves these issues of storage, and gives you the same tax advantages as a normal IRA. These IRAs are set up by an institution on your behalf, and the gold you purchase is securely held for you. If you retire and need the cash, you’ll have the option to withdraw funds the same way you would from a normal IRA, as the institution buys the gold back and sends you the proceeds. <\/p>\n

Some of our top picks for gold IRAs<\/a> include Goldco<\/a> and American Bullion<\/a>. Goldco<\/a> doesn’t impose a minimum investment amount, making it more accessible. American Bullion<\/a> offers a wide library of educational resources for those who are new to investing in gold.<\/p>\n

Goldco<\/a>Initial Purchase Requirements<\/p>\n

Minimum initial purchase requirement of $25,000<\/p>\n

Account Minimums<\/p>\n

Minimum account balance of $25,000<\/p>\n

Fees<\/p>\n

Account set-up fee of $50. Storage fees of $100 or $150 depending on storage type. Annual account administration fee of $125.<\/p>\n

ProsLive chatNo minimum purchase requirementsRated A+ by the Better Business BureauRated Triple A by the Business Consumer AllianceHighest buy-back price guaranteeCharges flat rates for storage fees and maintenanceConsOnly offers gold and silverSmall orders may not be cost-effective due to feesAmerican Bullion<\/a>Initial Purchase RequirementsAccount MinimumsFeesProsFree Storage and no custodian account fees for the first year on accounts of $50,000 or moreOffers free investment guides and other educational resourcesStored in the Delaware Depository and monitored 24\/7, 365 days a yearA+ Better Business Bureau ratingAAA Business Consumer Alliance ratingConsOnly available to contact through phone and email, no live chat optionBuy gold ETFs, mutual funds or mining company stocks<\/p>\n

Another way invest in gold is through mutual funds or\u00a0exchange-traded funds<\/a>\u00a0(ETFs). These funds track the price of gold, letting you invest in gold the same way you’d own any other fund. Investing in shares of gold mining companies’ stocks could also get you in on the action.\u00a0<\/p>\n

Whichever way you choose to go, you’ll need to work with an investing platform<\/a> to buy shares. Some of our top investing platforms include\u00a0Fidelity<\/a>\u00a0and\u00a0E*TRADE<\/a>, which\u00a0allow you to choose from a variety of options, often without commission fees.<\/p>\n

Fidelity Investments<\/a>Minimum deposit and balance<\/p>\n

Minimum deposit and balance requirements may vary depending on the investment vehicle selected. No minimum to open a Fidelity Go\u00ae\u00a0account, but minimum $10 balance for robo-advisor to start investing<\/p>\n

Fees<\/p>\n

Fees may vary depending on the investment vehicle selected. Zero commission fees for stock, ETF, options trades and some mutual funds; zero transaction fees for over 3,400 mutual funds; $0.65 per options contract. Fidelity Go\u00ae has no advisory fees for balances under $25,000 (0.35% per year for balances of $25,000 and over and this includes access to unlimited 1-on-1 coaching calls from a Fidelity advisor)<\/p>\n

BonusInvestment vehicles<\/p>\n

Robo-advisor: Fidelity Go\u00ae IRA: Traditional, Roth and Rollover IRAs Brokerage and trading: Fidelity Investments Trading Other:\u00a0Fidelity Investments 529 College Savings; Fidelity HSA\u00ae<\/p>\n

Investment options<\/p>\n

Stocks, bonds, ETFs, mutual funds, CDs, options and fractional shares<\/p>\n

Educational resources<\/p>\n

Extensive tools and industry-leading, in-depth research from 20-plus independent providers<\/p>\n

ProsNo commission fees for stock, ETF, options tradesNo transaction fees for over 3,400 mutual fundsLimited-time special offersAbundant educational tools and resources24\/7 customer serviceOver 100 brick-and-mortar branches across the U.S. for face-to-face supportConsFidelity Go\u00ae has a 0.35% advisory fee per year for balances of $25,000 and overSome of Fidelity’s mutual funds require reaching specific thresholdsReports of platform outages during heavy trading daysE*TRADE<\/a>Minimum deposit and balance<\/p>\n

Minimum deposit and balance requirements may vary depending on the investment vehicle selected. No minimum to open an E*TRADE brokerage\u00a0account; minimum $500 deposit to invest in robo-advisor platform Core Portfolios<\/p>\n

Fees<\/p>\n

Fees may vary depending on the investment vehicle selected. Zero commission fees for stock, ETF and options trades; zero transaction fees for over 4,400 mutual funds; robo-advisor Core Portfolios charges 0.30% annual advisory fee<\/p>\n

Investment vehicles<\/p>\n

Robo-advisor: E*TRADE Core Portfolios IRA: E*TRADE Traditional, Roth, Rollover, Beneficiary, SEP and SIMPLE IRAs, IRA for Minors and E*TRADE Complete\u2122\u00a0IRA Brokerage and trading: E*TRADE Trading Other:\u00a0E*TRADE Coverdell ESA (Education Savings Account), Custodial Account for minors and small business retirement plans<\/p>\n

Investment options<\/p>\n

Stocks, bonds, mutual funds, CDs, ETFs, options and futures<\/p>\n

Educational resources<\/p>\n

Educational library includes in-depth articles and videos for any type of investor<\/p>\n

ProsNo commission fees for stock, ETF and options tradesNo transaction fees for over 4,400 mutual fundsAutomated investing through Core Portfolios platform (minimum required)E*TRADE Coverdell ESA helps you save for college early onActive traders receive volume discounts on optionsFree analyst research and investing toolsStrong mobile platformConsRobo-advisor Core Portfolios requires minimum $500 to enroll and charges 0.30% annual advisory feeWebsite may be cumbersome to wade throughNo forex trading<\/p>\n

Buying gold FAQs<\/p>\n

What is the cheapest way to buy gold? <\/p>\n

If you want to invest in gold, buying an ETF<\/a> or mutual fund that tracks the spot price of gold, or a fraction of one, is likely the most affordable option. Many investing platforms offer access to these kinds of investments, like Fidelity<\/a>\u00a0and\u00a0E*TRADE<\/a>. <\/p>\n

Do I have to pay taxes on gold? <\/p>\n

Physical gold sold for a profit in the future may be taxed as capital gains. The IRS considers gold bars a collectible, so the tax is based on your marginal tax rate up to 28%.<\/p>\n

Is it a good idea to buy physical gold? <\/p>\n

Buying physical gold can be one way to invest, but it can be difficult to store securely and hard to liquidate into cash in the future. Investing through a gold IRA, with a gold mutual funds or\u00a0exchange-traded fund<\/a>\u00a0(ETF) allows you to avoid these common challenges. <\/p>\n

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At CNBC Select, our mission is to provide our readers with high-quality service journalism and comprehensive consumer advice so they can make informed financial decisions. Every personal finance article is based on rigorous reporting by our team of expert writers and editors with extensive knowledge of financial products.\u00a0While CNBC Select earns a commission from affiliate partners on many offers and links, we create all our content without input from our commercial team or any outside third parties, and we pride ourselves on our journalistic standards and ethics. See\u00a0our methodology<\/a>\u00a0for more information on how we choose the best products.<\/p>\n

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Editorial Note: Opinions, analyses, reviews or recommendations expressed in this article are those of the Select editorial staff\u2019s alone, and have not been reviewed, approved or otherwise endorsed by any third party.<\/p>\n