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Austin Jacob • May 20th, 2020

Buy Gold and Silver with Bitcoin

Buy Gold and Silver With Bitcoin

There’s a lot of reasons why an investor would decide to invest in gold and silver:

Gold and silver offer financial security against geopolitical and macroeconomic uncertainty.

It’s a hedge against inflation.

Regardless of a Bitcoiner’s reasoning — gold and silver are excellent commodities that’ll diversify your portfolio.

Back in the day, you actually had to go to a bank or deal in person.

That’s not our style at Bitpremier.

Since we’re not cavemen anymore, let’s check out how you can exchange your Bitcoin with the top gold and silver dealers online.

GoldSilver

Headquarters: New York City, USA

Where they ship: International (most countries)

What you can buy:

Gold bars, coins, and jewelry.
Silver bars and coins.

What you can pay with:

  • Check or bank wire (4% savings)
  • Credit card or Paypal
  • Bitcoin (3% savings)

GoldSilver has been a gold and silver dealer since its founding in 2005 by Mike Maloney. Once Mike realized that gold and silver were super undervalued, his investing career changed forever.

GoldSilver offers a price match guarantee for its competitors, so you can be assured that you’re getting the best price possible.

When you order with Bitcoin, you’re able to place orders up to $1,000,000. Bitcoiners will also save 3% more than card and Paypal users. However, there will be a tiny transaction fee from the Bitcoin network.

Don’t want to hassle with storing your gold and silver yourself? No worries.

The company offers insured allocated (0.06% of asset value per month) and segregated (0.08% of asset value per month) vault storage for gold and silver owners looking for peace-of-mind.

Vaultoro

Vaultoro

Headquarters: London, England & Berlin, Germany

Where they ship: International (most countries)

What you can buy:

  • Gold bullion

What you can pay with:

  • Bitcoin

Vaultoro has been an online gold dealer since 2015, when it was created by Joshua and Philip Scigala. The brothers were driven to build a crypto exchange that allows users to audit their assets following Joshua’s loss in the Mt. Gox hack.

Currently, Vaultoro only offers gold in exchange for Bitcoin, but they plan on expanding into offering more assets to exchange in the future.

Vaultoro offers member-to-member trading as well through a decentralized style exchange. This form of trading lets the users pick their preferred price and trade without brokerage fees.

Along with international shipping, Vaultoro offers externally audited and completely insured vault storage. Vaultoro vault users receive a monthly statement for tax and record-keeping purposes.

With this exchange, you can buy and sell gold using Bitcoin.

GoldMoney

GoldMoney

Headquarters: Toronto, Canada

Where they ship: International (most countries)

What you can buy:

  • Gold bullion
  • Silver bullion
  • Platinum bullion

What you can pay with:

  • Bitcoin
  • Ether
  • Credit card
  • Bank wire
  • Paypal

GoldMoney has been a secure way of dealing and exchanging gold online since its founding in 2001 by James Turk, Joshua Dale Crumb, and Roy Sebag. The company’s age and experience make it one of the most trusted precious metal dealers online.

Goldmoney offers users the opportunity to safely buy precious metals in insured vaults throughout Canada, Hong Kong, Singapore, Switzerland, the UK, and the USA.

Every time you buy or sell their precious metals, you pay a 0.5% fee. There’s another 0.5% fee for paying with cryptocurrency. Depending on the metal you choose, there’ll be a storage fee between 0.01%-0.082%.

All of their accounts undergo individual testing and audits to adhere to their strict quality requirements.

Users issue SAS 70 Type II reports annually to guarantee a 100% one-to-one ownership of their metals.

BitGild

Bitgild

Headquarters: Utrecht, Netherlands

Where they ship: Most of Europe, US, Canada, and Hong Kong

What you can buy:

What you can pay with:

  • Bitcoin
  • Litecoin
  • Ethereum
  • EOS
  • Bitcoin Cash
  • Dash
  • Ripple

BitGild has been one of the top internet gold and silver dealers that allows payments with cryptocurrency in Europe since 2013.

BitGild doesn’t offer vault storage. What it does offer is a 100% refund guarantee for secure delivery. They videotape the whole packaging process and discretely package your metals to ensure your gold or silver isn’t tampered with.

For EU customers, orders will be quickly processed within 2 business days. Customers outside of the EU will have to wait up to 7 business days for their order to be processed.

Of all of the dealers we’ve reviewed, BitGild is the most cryptocurrency-friendly. They process orders using BitPay and Coinpayments. While BitPay is only for Bitcoin and BCash, Coinpayments is capable of processing some altcoins.

JM Bullion

JM Bullion

Headquarters: Dallas, Texas

Where they ship: USA only, excluding Hawaii and Alaska

What you can buy:

  • Gold bars and coins
  • Silver bars and coins
  • Platinum and Palladium bars and coins
  • Copper bars and coins
  • bars and coins

What you can pay with:

  • Check and bank wire
  • Credit card and Paypal
  • Bitcoin

JM Bullion has been an online precious metal dealer since its founding by Michael Wittmeyer and Jonathan Wanchalk in 2011.

JM Bullion ships all of its orders within 1 business day. All orders over $99 come with free shipping, while smaller orders pay a flat rate of $3.99.

Besides gold and silver, they sell other precious metals like platinum and copper, and they have a diverse range of coins for you to buy. They’re an excellent choice for coin collectors and users living in the continental USA (they only ship here).

JM Bullion uses Bitpay to process Bitcoin orders. Customers using Bitcoin need a minimum order value of $100 and can’t buy more than a $250,000 order value.
APMX

Headquarters: Oklahoma City, USA

Where they ship: USA, Australia, Austria, Belgium, Canada, Cayman Islands, Czech Republic, Denmark, Finland, France, Germany, Greece, Hong Kong, Ireland, Israel, Italy, Japan, Macau, Malaysia, Mexico, Netherlands, New Zealand, Norway, Poland, Portugal, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Taiwan, United Arab Emirates and the United Kingdom.

What you can buy:

  • Gold bars, coins, and jewelry
  • Silver bars, coins, and jewelry
  • Platinum bars and coins
  • Palladium bars and coins

What you can pay with:

  • Bank wire and check
  • Credit card
  • Bitcoin (3% discount)
  • Bitcoin cash (3% discount)

Scott Thomas started APMX as an Oklahoma gold and silver dealer in 1999 but finally expanded to the online realm in 2004. APMX buys and sells a variety of precious metals in the form of bars, coins, and jewelry.

APMX ships all orders over $99 for free, and anything less will have a flat $9.95 shipping fee. Shipping is international, but their list of countries is limited. All shipments are 100% insured and take 1-10 business days for delivery.

If you’re uncomfortable with storing your own metals, APMX offers vault storage with Citadel, where your assets will be fully insured and protected.

They use BitPay to process orders paid with Bitcoin and Bitcoin Cash. Cryptocurrency orders come with a 3% cash savings and a $250,000 maximum order value limit.

Conclusion

We all love our Bitcoin, but we’re also aware of its volatility. Diversifying your portfolio is almost never a bad idea, so that’s why many Bitcoiners have decided to turn their cryptocurrency into precious metals. All of our reviewed online dealers have been trusted for years. Choose the exchange that best fits your preferences and necessities.

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