Disclaimer: Some or all of the companies listed on this page my provide compensation to us. This is how we maintain our free service for consumers that visit us. Compensation & hard research determine where and how companies appear below.
Gold is one of the oldest known forms of currency. Long used by ancient civilizations such as Ancient Greece and Mesopotamia, it is still a popular form of investment today. In this article, we examine whether or not beginners should invest in gold, along with some reasons why they might want to consider it.
Gold has stood the test of time for multiple reasons, including being an easily recognized form of wealth for humans worldwide.
In recent years, gold has increased in popularity as an investment vehicle among beginner investors because it is believed to be non-correlated with other forms of investment. This means that gold tends to rise and fall independently of stocks and bonds, making it a great option for those who don't want their portfolio choices to be limited by market ebbs and flows.
It is also considered a safe investment compared to investing in the stock market. Gold hasn't had many instances where it dramatically plummets, whereas stocks have been known to lose their value very quickly during times when the economy is struggling.
Benefits of Investing in Gold
There are several potential benefits to investing in gold.
Gold can be a valuable addition to a diversified investment portfolio as it tends to behave differently from other assets, such as stocks and bonds. Historically, gold has been a hedge against inflation, as its value tends to rise when the cost of living increases.
Many investors see gold as a haven asset, and its value may increase during economic or political uncertainty.
Gold is a highly liquid asset that can be easily bought and sold on financial markets. It is a physical asset that can be held in the form of coins or bars, which some investors find appealing.
While the price of gold can fluctuate in the short term, it has the potential to appreciate over the long term. It has often been used as a medium of exchange, and some investors view it as a potential alternative to fiat currencies.
Gold also has the potential to provide a passive income. Some investors may choose to invest in gold-mining companies or gold-based exchange-traded funds (ETFs), which can provide a passive income in the form of dividends.
It's important to remember that investing in gold carries some risks and is unsuitable for all investors. Before making any investment decisions, beginners should carefully consider investment goals, risk tolerance, and financial circumstances. This article recommends the top five companies that can safeguard beginner gold investments.
Top 5 Companies of Beginner Gold Investments
#1. Goldco
Based in Woodland Hills, California, Goldco is a precious metal wholesaler specializing in gold bullion and bars. The company was founded in 2006 by experienced market professionals who wanted to provide investors with an easy way to purchase physical gold.
Goldco's mission is to provide investors with the highest quality physical bullion at the lowest possible price. The company offers a wide selection of gold, platinum, and silver bullion products that are produced by some of the world's most renowned mints.
It also offers secure storage solutions where customers can store their gold bullion products in the company's private vault. Goldco has earned recognition from industry professionals for its excellent customer service and outstanding customer experience.
Goldco doesn't actually store your metals directly but instead sells them to its partners that take charge of the individual storage and shipping.
The customer ratings and reviews are very positive, with most customers reporting that their products were received exactly as ordered. The company also offers competitive pricing and makes it easy for customers to get their gold delivered to post offices or a local financial services provider.
Pros & Cons of Goldco
Pros
Cons
Why We Chose It
Goldco's pricing is very competitive, and the company has made it easy for customers to get their gold bullion products delivered securely. Its customer service has also helped the company build a strong reputation in the industry.
Founded in 2012, Augusta Precious Metals is a precious metals supplier offering its customers a wide selection of gold and silver bullion products. The company mainly focuses on business-to-business solutions, which it achieves by offering its customers wholesale gold purchases directly to them.
This allows the company to save on overhead costs by avoiding selling products at retail stores. Augusta Precious Metals also provides exceptional customer service through phone, email, and fax messaging.
The company is one of North America's largest distributors of gold and silver, with more than 3 million ounces (91,000 kg) in inventory each month. The company sources its products from all over the world and purchases scrap gold and silver from individuals.
Customers can store their precious metals at a secure facility of their choice. Augusta Precious Metals also offers options for paying for the storage at various time intervals and receiving a fraction of the total value. The company is a member of the Precious Metals Association of North America.
The reviews for Augusta Precious Metals on Trustpilot are very positive, with most customers reporting they were happy with their experiences. A few customers reported receiving orders that were different from what was expected, but these cases were rare, and the products were replaced or made right at no charge to the customer.
Pros & Cons of Augusta Precious Metals
Pros
Cons
Why We Chose It
Augusta Precious Metals is one of the oldest and most reputable companies in the bullion industry, and its customer services are highly regarded. The company has also made it easy for customers to securely get their precious metals shipped to them.
Founded in 2015, American Hartford Gold is a precious metals consultant that provides individual investors and companies with gold, silver, and platinum bullion products. The company aims to help its customers maximize their returns by offering a wide selection of bullion products at competitive prices.
The company focuses on providing its customers with exceptional customer service through phone, live chat, email messaging, and fax availability.
American Hartford Gold offers a variety of storage solutions for individuals to store their precious metals off-site. It also offers a resource center that provides informative articles on investing in precious metals and an educational video series on gold and silver prices in the industry.
American Hartford Gold is also a member of the Precious Metals Association of North America.
The company's reviews on Trustpilot are mixed. Customers who have had negative experiences with the company report that they have yet to receive a response when they've tried to contact the company by phone, email, or fax. However, most customers have received great customer service and high-quality bullion products.
The reviews on Trust pilot are positive overall; customers have given American Hartford Gold an 8 out of 10.
Pros & Cons of American Hartford Gold
Pros
Cons
Why We Chose It
American Hartford Gold is a great company for both first-time and experienced investors. It offers a wide selection of bullion products from all over the world, which is helpful for investors who need help figuring out where to start investing.
#4. Birch Gold Group
Birch Gold Group, a precious metals company based in the United States, provides clients with precious metals products, including gold and silver coins, bullion bars, and rounds. The company aims to provide its customers with high-quality bullion products at competitive prices while providing them with exceptional customer service.
Birch Gold Group offers a variety of storage solutions for individuals to store their precious metals off-site. It also offers a resource center that provides informative articles on investing in precious metals and an educational video series on gold and silver prices in the industry.
Birch Gold Group is also a Precious Metals Association of North America member.
The company's reviews on trust pilot are mixed. Customers who have had negative experiences with the company report that they have yet to receive a response when they've tried to contact the company by phone, email, or fax. However, most customers have received great customer service and high-quality bullion products.
The reviews on Trustpilot are positive overall, and customers have given Birch Gold Group an 8 out of 10.
Pros & Cons of Birch Gold Group
Pros
Cons
Why We Chose It
Birch Gold Group is a great company for investors who want to purchase high-quality bullion products and want to learn more about precious metals. Beginners will especially benefit from the educational resources on the site, while pro-investors will benefit from the strong buy-back program and low fees.
#5. Noble Gold
Noble Gold, a precious metals company based in the United States, provides clients with precious metals products, including gold and silver coins, bullion bars, and rounds. The company aims to provide its customers with high-quality bullion products at competitive prices while providing them with exceptional customer service.
Noble Gold offers a variety of storage solutions for individuals to store their precious metals off-site. It also offers a resource center that provides informative articles on investing in precious metals and an educational video series on gold and silver prices in the industry.
The company helps you diversify your portfolio with physical investments and aims to provide its customers with fast, free shipping on all orders.
The company aims to protect the financial future of its clients by providing premium insurance that allows them to store, transport, and protect all their precious metals. The account managers and registered representatives at Noble Gold are extremely knowledgeable in the precious metal industry. They can help every customer find a solution tailored to their unique needs.
Pros & Cons of Noble Gold
Pros
Cons
Why We Chose It
Noble Gold is the perfect solution for investors looking to invest in stocks and physical gold. The company's unique business model allows its customers to access physical gold without having a home vault.
FAQs
Which is the best precious metals company for gold bullion?
With so many gold bullion companies, it can take time to choose which is best. However, there are some factors you should keep in mind when deciding which company to go with. Factors like property location, website appearance, and overall customer service are all important factors to consider when deciding on the best gold bullion investment company for you.
What is the best way to invest in gold bullion?
Gold bullion is the best way to diversify your portfolio and protect against economic downturns. Gold bullion prices have been known to rise during an economic recession, so investing in gold bullion is always a smart move.
The precious metals industry has many options for investors, but only so many are actually worth investing in. Beginners and new investors are recommended to invest in companies that have been around for a long time and have a good track record. Companies like Birch Gold Group and Noble Gold are great examples of companies that have built a solid track record and have done very well in the industry.
