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Find the Best Way to Invest in Gold in Baltimore, MD

There are many strategies and opportunities for investing in gold. Gold IRA firms and precious metals dealers can help you get started. The Baltimore Sun has partnered with ConsumerAffairs to create this guide by comparing customer reviews and availability of more than 40 businesses and choosing 12 favorites from the top gold investment companies in Baltimore.

Companies pay ConsumerAffairs to be authorized, and The Baltimore Sun and/or ConsumerAffairs may receive compensation when you click a link, call a number or fill out a form on this site.

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Gold and other precious metal IRAs are an investment and carry risk. Consumers should be alert to claims that customers can make a lot of money in these or any investment with little risk. As with any investment, you can lose money and past performance is not a guarantee of future performance results. Consumers should also obtain a clear understanding of the fees associated with any investment before agreeing to invest.

How to buy gold in Baltimore

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If you’ve been thinking about investing in gold, read on to learn about different gold investment strategies available in the Baltimore area. The right gold investment option for you will depend on your current financial situation and short- and long-term goals.

  • Gold IRA: A gold IRA is a type of individual retirement account. Instead of the traditional assets like cash, stocks and bonds, this type of IRA holds gold. A gold IRA usually has higher fees than a traditional IRA but is a good form of protection against inflation.
  • Gold bullion: You can buy gold bullion as coins or bars. To be included in an IRA account, gold bullion must have a minimum fineness.
  • Gold ETFs: When you invest in a gold exchange-traded fund (ETF), you invest in the gold market without having to invest in physical gold blocks or coins. These funds trade like stocks.
  • Gold futures: A gold future is a contract between a buyer and a seller. The buyer agrees to purchase a specific amount of metal in the future at a predetermined price. There are no management fees for this type of investment.
  • Gold stocks: Gold stocks allow investors to invest in different aspects of gold, such as mining, production and exploration of gold. This is a popular option for those who want exposure to the gold industry.

Baltimore gold investment FAQ

How does a gold IRA work?

A gold IRA works like a traditional IRA except that it holds gold insead of paper assets. The account holder can liquidate these assets for cash funds after retirement. There is no tax penalty for transferring from an IRA to a precious metals IRA, but there are storage fees.

Can I put other precious metals in an IRA?

Yes, in addition to gold, you can invest silver, platinum and palladium in an IRA account.

How much gold should I own in my portfolio?

It depends. Some financial advisors suggest putting up to 5% or 10% of your portfolio in gold. We recommend consulting a trusted financial advisor before making any significant investment decision.

Are there taxes on buying gold and silver bullion in Maryland?

Gold and silver are exempt from sales tax in Maryland, as long as the purchase price is at least $1,000.

Is gold a good retirement investment for Baltimore residents?

Depending on your current financial situation and future goals, gold might be a good long-term retirement investment for you. Some investors choose gold to diversify their retirement portfolios because the price of gold tends to move in the opposite direction of paper assets, and it provides an insurance policy against inflation.

Is gold a safe investment right now?

Risks are involved with any investment strategy, which is why diversifying a small portion of your retirement portfolio with gold is a way to hedge your bets. Some investment advisors see gold as a better short-term investment — historically, stocks and bonds have outperformed gold over the long term. The value of gold tends to increase during times of economic uncertainty.

Baltimore gold investment company information

Authorized Partner

Red Rock Secured

Red Rock Secured is a gold and precious metals investment company in Southern California. Developed to provide secure retirement options during the 2008 recession, the firm today provides gold, silver, platinum and palladium IRAs. It offers its services in all 50 states. Customers can begin the process by filling out an online form.

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Authorized Partner

Patriot Gold

Patriot Gold is a precious metals dealer. Accounts can be set up in one day, and Patriot Gold works with customers' financial institutions to make transactions easy. IRA fees include a $225 setup fee for accounts of less than $30,000.

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Authorized Partner

Orion Metal Exchange

Orion Metals has been helping customers diversify their portfolios for the last 50 years. It is a full-service precious metals investment dealer that offers sales, exchanges and the secure storage of bullion coins and bullion bars. The company also offers a buyback policy and instant, insured shipping of all Orion coins and bars.

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Authorized Partner

Monetary Gold

Monetary Gold is a direct dealer of metals that specializes in gold and silver investment products, including rare and foreign coins. Its transparent process includes transfer of valuable metals to Delaware Depository for storage and maintenance. Monetary Gold has over 50 years of experience in the industry.

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Authorized Partner

Oxford Gold

Oxford Gold Group is a Los Angeles-based gold and precious metals investment company. The firm offers gold and precious metals savings accounts where customers can pick what IRA-approved metals they want to invest in, including gold, silver, platinum and palladium. The company provides preparation, packaging and shipping services on all its delivery orders.

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Augusta Precious Metals

Augusta Precious Metals is a portfolio company that advocates the importance of adding physical gold and silver to retirement portfolios. The firm is known for its dedicated service to customers through lifetime support, specialized departments and a streamlined inquiry process. The company donates a portion of its proceeds to K9s For Warriors.

Augusta Precious Metals
Authorized Partner

Advantage Gold

Advantage Gold is a dealer of physical gold and silver for direct delivery and assists clients with opening a gold IRA. The firm charges $100 for storage and $75 for custodial fees per year. Educational resources about investing in precious metals are available to customers. Featured IRA coins include American Gold Eagle and Canadian Palladium.

Advantage Gold
Authorized Partner

Goldco

Goldco is a brokerage service for precious metal IRAs. Advisors specialize in helping clients with IRA rollovers. The firm charges $175 annual fees for investment accounts less than $100,000 and $225 for those with more than $100,000. Goldco works with a network of vendors and also buys back gold and silver through its metal market.

Goldco

Lear Capital

With Lear Capital, Baltimore customers can invest in gold, silver and other coins. The $180 annual fee includes insurance, quarterly financial statements and 24/7 online access to your account. All clients are assigned an investment representative to help manage their accounts.

Lear Capital

Alpha Gold Exchange

Alpha Gold Exchange is a secondhand precious metals dealer. The business offers convenient payment options and is staffed by knowledgeable pawnbrokers. It also offers jewelry repair and notary services. Alpha Gold Exchange is located at 2201 E. Monument St., Baltimore, MD 21205.

Alpha Gold Exchange

KD Gold & Coin Exchange

KD Gold & Coin Exchange buys your gold, loose diamonds and estate jewelry. The staff runs your valuables through an X-ray machine to verify the gold and silver content before making a cash offer. Estate jewelry and coin appraisal services are also available. KD Gold & Coin Exchange is located at 1308 Reisterstown Road, Pikesville, MD 21208.

KD Gold & Coin Exchange

Golden Eagle Coins

Golden Eagle Coins offers a live-pricing feature that allows the company to stay current with gold prices, which means customers take advantage of daily fluctuations in gold prices. The business also offers education and resources on its website for buying, selling and investing in gold. Golden Eagle Coins is located at 3386 Laurel Fort Meade Road, Laurel, MD 20724.

Golden Eagle Coins