FAQs (Buying Physical Gold & Silver)
Got questions about buying physical precious metals?
You’ve come to the right place! Here’s our list of frequently asked questions (FAQs) we get regarding buying physical gold, silver, and precious metals for direct delivery to your home with a check or a wire transfer. We also have a list of FAQs regarding Precious Metals IRAs.
What is the process to purchase metals outside a retirement account?
The first step is to fund your account via check or wire transfer. Once your account is funded, you will work with a Sr. Portfolio Manager to go over all your options to make sure you get the metals that match your investment goals. Then, we discreetly deliver the metals to your doorstep, fully insured and with a signature required.
Can I buy gold and silver through my financial adviser?
You cannot. Financial advisers are only licensed to sell and offer paper investments, which is why having precious metals is a perfect complement to your dollar-denominated investments so you have a portfolio that works well under all market conditions.
I have heard that gold and silver prices are volatile. Is that true?
There are many misconceptions on how gold and silver move. Simply put, gold and silver move in the opposite direction of the US dollar. The more the dollar moves, the more gold and silver move as well. Since the dollar continues to lose value over time, buying gold, silver, and other precious metals is a great investment choice to protect and preserve the purchasing power of the dollars you worked so hard to keep.
What should I buy?
Not all gold and silver are made the same, and it is important to know the distinct differences between the categories to ensure you acquire the “right” asset for your investment needs. Your Sr. Portfolio Manager will provide you with all the necessary information to make an informed decision.
How much should I buy?
During normal times, we encourage our clients to always maintain a 10% position in metals as “financial insurance.” Unfortunately, we are not in normal times. To have a properly diversified portfolio, we recommend our clients have at least a 30% position in metals to offset their expected losses in other areas of their portfolio and prepare for future gains in metals.
How long should I hold my precious metals?
We recommend that after our clients buy gold, silver, and other precious metals, they hold on to them for a minimum of 3 to 5 years.
How do I know my coins are real?
We work with the top government mints across the globe. Government mints guarantee the weight and authenticity of the metals. In addition, we have a no-questions-asked replacement guarantee in the client agreement that you sign.
How do I store my metals?
You can store precious metals at your home, either in a home safe or in a secret place on your property. You can obtain affordable insurance for your holdings. You can also store your metals at a private depository, which includes insurance in their fees, or in a bank safety deposit box. Read on for more details on storage.
How are my metals delivered?
We utilize FedEx or USPS Registered and Insured parcel deliveries, which require your signature. Delivery times depend on your location—please allow up to 10 days from the time your payment has cleared. FedEx and USPS are the most secure options for valuable shipments such as precious metals. For orders over $500,000, we may be able to provide alternative shipment options.
How and where do I sell my precious metals? / Very few dealers buy back the metals they sell. Do you have a buy-back policy?
Gold Alliance is known for having one of the best—if not the best—buy-back policies in the industry. When you sell precious metals originally acquired from Gold Alliance, we will buy back the items at the current buy-back price. The law prohibits us from guaranteeing to repurchase the items we sell, but we have never refused to buy back the coins we sold to our clients.