A pawn shop can also sell gold, but if you're looking for a more secure way to invest in gold, mutual funds and ETFs are generally the easiest and safest options. Each share of these securities represents a fixed amount of gold, and you can easily buy or sell these funds in your brokerage or retirement account. If you're looking for the top rated gold IRA, mutual funds and ETFs are the way to go. Mutual funds and gold ETFs are a good option for beginning investors because of their low cost and low minimum investment requirements. Are there any limits to the amount of gold I can own? No, there are no restrictions on private ownership of gold in the United States.
You're only limited by your budget and your common sense. Under a gold options contract, you have an agreement with the option to buy or sell gold if it reaches a certain price on a predetermined date. Take your gold to a jewelry store or pawn shop to sell it directly to you, or get a quote that you can use to sell online, to an individual, or to a retailer. Some retailers consider buying more than 100 gold bars (or 500 gold coins) a “wholesale purchase”, but this will largely depend on the seller.
