Banks sell gold bars and coins, as well as silver coins, but the vast majority of U.S. banks don't make gold or silver available to the public. Banks usually avoid selling precious metals due to fluctuating prices. While there are banks that sell gold, the selection of assets for purchase is often limited to a select assortment of gold coins.
Nowadays, fewer and fewer banks with physical gold are willing to sell without a prescription. If you're determined to buy gold at a bank, be sure to contact them beforehand to ensure they have the necessary supply to sell. Whether you choose to buy at your local gold dealer or opt for one of the leading online gold dealers, knowing the spot price of gold is an important component of any successful transaction. But what if you look for gold coins in gold bars, rounds or gold ingots that have lower premiums and are more suitable for investors? In that case, the United States Mint won't be of much help to you.
In some countries, it is quite common to buy gold coins in banks; however, this is not the case in the United States. Gold traders are experienced in what they sell and are often licensed to sell you these gold assets. They don't know that investing in gold is a serious business and that buying it from a bank is the least desirable option for most savvy investors. If you're thinking about starting to invest in precious metals to diversify your portfolio, you may be considering buying gold at a bank.
While buying precious metals and gold at a bank may seem like the safest idea, it's important to evaluate all options before investing. Professional gold traders only hire experts who will be willing to answer any questions you may have so that you can make smart and informed decisions when buying gold and getting the best possible results. Nowadays it is rare to find a bank that sells gold coins to the public, outside some parts of Asia. In very rare cases, some banks may offer commemorative series of gold or silver coins, but this can only take place for very limited periods of time.
If you are also hoping to invest in gold and are looking for the answer to where to buy it, you should know that there are many options available.