Connect with us

CBS News

Should I buy gold coins and bars online or in person?

Avatar

Published

on


gettyimages-1405231901.jpg
Buying gold coins and bars online and in person both come with pros and cons to consider. 

Getty Images/iStockphoto


Gold has had tremendous price growth so far in 2024. On January 1, 2024, the precious metal was trading at $2,063.73 per ounce. Fast forward to today, and the price of an ounce of gold has climbed to $2,361.66. That’s a more than 14% climb, year-to-date. 

With such strong growth in the price of the precious metal, it wouldn’t be surprising if you decided to invest in it. Doing so is as simple as buying gold coins, bars or both and enjoying future price growth. 

But, there are multiple ways to buy gold coins and bars. You could go to your local coin and precious metals dealer and some local banks might make gold coins and bars available. You can even find the precious metal at big box stores like Walmart and Costco or through countless online retailers. 

But that begs the question, “should you buy gold coins and bars online or in person?”

Buy gold now before its price has a chance to climb further

Should I buy gold coins and bars online or in person?

Amid the ways to buy gold coins and bars, two of the easiest are online and in person. But, which is better? As with most financial questions, there’s not a one-size-fits-all answer. 

There are some benefits to working with online gold dealers. Online companies typically have fewer overhead expenses than brick and mortar companies. And, with fewer overhead expenses, they may be able to offer gold at lower prices than local shops can. Online dealers may also have a larger inventory than local retailers, giving you more options to choose from. 

But, there are some benefits to buying in person as well. First, when you buy gold in person, you’re able to hold the tangible metal and ensure quality. And, purchasing gold from a local dealer gives you a way to support your local community and economy. Not to mention, you’ll take possession of your gold as soon as you buy it.

There are times when buying gold coins and bars online will be your better option and others when buying them in person makes more sense. Below, we’ll detail when each option can be beneficial.

Compare your gold investing options among leading dealers now

When you should buy gold coins and bars online

If you’re looking for the lowest cost on your gold coins and bars, buying them online may be your best bet. “Large online dealers can typically beat the cost of smaller shops with a large-scale operation and agreements with major suppliers,” explains Steve Azoury, ChFC and owner of the financial planning firm, Azoury Financial. 

And, you may have access to gold coins and bars that are in better condition when you work with online dealers. That’s because, “your shipment comes directly from the source of production, unlike the local dealer who sells products bought from other customers,” says Azoury. However, some online dealers may offer items purchased from customers as well. 

Buying online also makes sense if you want to choose from a larger inventory of gold products as online dealers may have larger selections than local shops. 

It’s also worth noting that if you’d like to own gold coins and bars on a derivative basis, you may want to make your investment online. “If you’re just looking to own gold as part of a mutual fund or in an exchange-traded fund (ETF), then it can be a lot more convenient and cost-effective to buy it online,” explains Dana J. Menard, CFP, founder and lead financial planner at the financial planning firm, Twin Cities Wealth Strategies. 

When you should buy gold coins and bars in person

If you’d like to be able to inspect gold coins and bars before you buy them, “you should do it in person since they should allow you to physically inspect and touch the bullion to verify its purity, weight, and authenticity,” says Menard. 

It may also be a better option if you want your gold as soon as you buy it. “Buying in person could be beneficial,” says Azoury. “With a local dealer, you will get your purchase immediately and if there are any issues, you know where to go.”

The bottom line

Buying gold online and in person both come with their own pros and cons. If you want the best price and largest selection to choose from, buying gold online may be your best option. On the other hand, if you’d like to personally inspect the gold before you purchase it, support your local economy and get your gold as soon as you buy it, a local shop may be a better fit. 



Read the original article

Leave your vote

Continue Reading

CBS News

Manchin says he doesn’t think the government will shut down

Avatar

Published

on


Manchin says he doesn’t think the government will shut down – CBS News


Watch CBS News



In an interview airing Sunday on “Face the Nation,” outgoing independent Sen. Joe Manchin spoke to moderator Margaret Brennan about government funding and Elon Musk’s influence on Congress.

Be the first to know

Get browser notifications for breaking news, live events, and exclusive reporting.




Read the original article

Leave your vote

Continue Reading

CBS News

Rich McCormick says he is a “hard no” on the new spending bill

Avatar

Published

on


Rich McCormick says he is a “hard no” on the new spending bill – CBS News


Watch CBS News



Republican Rep. Rich McCormick of Georgia joins “America Decides” to discuss if he will support the Republican’s new spending deal.

Be the first to know

Get browser notifications for breaking news, live events, and exclusive reporting.




Read the original article

Leave your vote

Continue Reading

CBS News

Former “That ’70s Show” star Danny Masterson appeals rape conviction

Avatar

Published

on


Actor Danny Masterson, who is serving a sentence of 30 years to life in prison, is seeking to overturn his conviction for the rape of two women, with his attorneys arguing he did not receive a fair trial.

A Los Angeles jury found Masterson guilty last year of two counts of rape by force or fear for assaulting two women at his Hollywood Hills home in separate incidents in 2003 — during the same time he was starring on the Fox TV’s “That ’70s Show.” The jury deadlocked on the case involving a third alleged victim. The May 2023 trial followed a mistrial in November 2022.

Masterson, 48, is incarcerated at California Men’s Colony, a minimum- and medium-security prison in San Luis Obispo County.

Cliff Gardner, the attorney handling Masterson’s appeal, filed an appellant’s opening brief Tuesday that alleges witnesses told different versions of their stories over time. The brief also argues that evidence that would have helped Masterson’s defense was not presented due to what Gardner describes as erroneous rulings by the court. Gardner argues in the court filings that those factors support reversing the convictions. 

Actor Danny Masterson Charged With Rape
LOS ANGELES, CA – SEPTEMBER 18: Actor Danny Masterson is arraigned on rape charges at Clara Shortridge Foltz Criminal Justice Center on Sept. 18, 2020, in Los Angeles. 

LUCY NICHOLSON / Getty Images


Masterson’s defense argued at trial that he knew both women socially and his sexual relations with them were consensual.

“It is true, of course, that a defendant is not entitled to a perfect trial. He is, however, still entitled to a fair one,” the brief reads. “Danny Masterson received neither. Reversal is required.” 

During the trial, one of the women Masterson was later convicted of raping broke down on the witness stand as she testified that he choked her and smothered her with a pillow when she tried fighting back as he assaulted her, according to the Associated Press. 

“I could not breathe,” she said, crying. 

When the prosecutor asked what she was thinking at the time, she said she feared for her life, AP reported.

“That he was going to kill me,” she said. “That I was going to die.”  

She later testified Masterson took out a gun from inside his bedside table and told her to be quiet when they heard voices at the door. She told jurors she was in and out of consciousness through the night.

Masterson and the victims were members of the Church of Scientology, which became a central focus of the case as the women alleged they were stalked and harassed after reporting the allegations to police. 

They sued Masterson and the church years earlier in connection with those accusations.

During the trial, Deputy District Attorney Reinhold Mueller told jurors the church had retaliated against the victims for reporting the the crimes — the rape of a 28-year-old woman in April 2003 and assault of a 23-year-old woman, also that year.

“What happened after they were drugged, they were raped by this man over here,” Mueller said, as he pointed across the courtroom toward Masterson during closing arguments. “You have an opportunity to show there is justice. It does exist.”

The church released a statement at the time refuting the allegations.

“The church has no policy prohibiting or discouraging members from reporting criminal conduct of anyone, Scientologists or not, to law enforcement,” the statement reads. “Quite the opposite, church policy explicitly demands Scientologists abide by all laws of the land. All allegations to the contrary are totally false.”

In the newly filed brief for Masterson’s appeal, Gardner alleges the victims changed their stories “dramatically” over the years and had a financial motive to do so. Gardner argues in court documents that though the statute of limitations to file a lawsuit seeking damages had expired before the trial, under state law it would be revived if Masterson was convicted of forcible rape involving multiple victims. 

Gardner says in the brief that a court ruling prevented evidence related to that argument from being admitted at trial.

He also states in the court filings that some witnesses died before the case went to trial, more than a decade after being reported to law enforcement, and alleges that police lost a tape-recorded witness interview that would have helped Masterson’s defense.

After the six-day trial resulting in Masterson’s convictions, one of the women he was convicted of raping released a statement saying she was relieved he had been found guilty.

“I am experiencing a complex array of emotions – relief, exhaustion, strength, sadness – knowing that my abuser, Danny Masterson, will face accountability for his criminal behavior,” said a statement from one of the women whom Masterson was convicted of raping at his home in 2003.



Read the original article

Leave your vote

Continue Reading

Copyright © 2024 Breaking MN

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.