Find the Best Way to Invest in Gold in Oklahoma City, OK
Sept. 16, 2020, 9:15 p.m.
Oklahoma City residents sometimes choose to invest in gold as a way to balance their portfolios. We created this guide by comparing consumer reviews and local availability of 26 businesses and choosing six favorites from the top gold investment companies in Oklahoma City.
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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 Oklahoma City
Buying gold is a way to diversify a portfolio and protect against inflation and market downturns. There are a number of different ways to invest in gold in Oklahoma City.
Gold IRA: A gold IRA is an individual retirement account that holds gold instead of stocks and other traditional paper assets. This gold has to be stored in a secure and approved location. A fee for storage is typically required.
Gold bars: Gold bars are a form of gold bullion that you can buy and hold. If you want to buy gold bars, you’ll need to find a reputable dealer and check factors like purity. You also have to determine how you will store the gold and insure it.
Gold ETF: A gold ETF, or exchange-traded fund, is an investment that does not require you to own physical gold. Gold ETFs are funds with assets that are backed by gold. Gold ETFs trade like stocks on the market.
Gold futures: Gold futures are contracts to take delivery of a specific quantity of gold on a future date for a stipulated price. These contracts are traded on exchanges. As with stocks, speculators buy gold futures when they think prices will rise and sell them when they think prices will fall.
Oklahoma City gold investment/gold IRA FAQ
How much gold should I own in my portfolio?
It depends on your investment strategy. It’s usually recommended that you have no more than 10% of your portfolio in gold. Speak with a financial advisor about your financial goals and how much to invest in gold.
Can I hold physical gold in my IRA?
Yes. With a gold IRA, you own physical gold, but it has to be stored with a bank or IRS-approved nonbank trustee.
Is gold a good retirement investment for Oklahoma City residents?
It can be. Because it has been a historically stable investment, many Oklahoma City retirees have gold in their portfolios.
How does a gold IRA work?
With a gold IRA, investors buy physical gold and store it at a trusted location. A gold IRA can also hold other types of precious metals, like silver. Gold IRAs otherwise work similarly to traditional and Roth IRAs.
Can I store my gold IRA at home?
No, you can’t store your gold IRA at home. The IRS requires the gold in your IRA to be stored at a bank or an approved nonbank trustee.
Are there taxes on buying gold and silver bullion in Oklahoma?
Gold and silver bullion are exempt from Oklahoma state sales tax.
With no fees for life and up to $2,500 in free gold coins for new clients, Patriot Gold’s IRA investment options can be among the most affordable. All investors work directly with an owner. Accounts can be set up in as little as 24 hours. Secure vault storage services are located throughout the nation.
Orion Metal Exchange is a precious metals investment dealer offering gold, silver, platinum and palladium coins and bars and gold and silver investment retirement accounts. Investment accounts include free storage for up to three years, with no setup or transfer fees. Orion Metal Exchange offers investors guaranteed pricing in real time. The company’s buyback commitment offers investors the opportunity to sell their gold back to Orion Metal Exchange.
Advantage Gold offers gold coins, bullion and bars and other precious metal products for gold IRA investment accounts. Trained experts guide the transfer and investment process from start to finish. A buyback policy guarantees that the company will buy back gold at a fair market price. Assets are stored at either Brink’s Global Services or Delaware Depository.
Lear Capital is a gold dealer and IRA company offering precious metals investments. Investors are assigned a personal account representative to keep them up to date on spot pricing, precious metals news and economic events that impact retirement. The company’s gold and silver inventory includes bars and coins from the U.S. and across the world. Gold IRA metals are held at Delaware Depository.
APMEX is based out of Oklahoma City, where it has a physical location for buyers. Products include gold, silver, platinum and palladium coins and bars. Its “Vault Deals” page gives buyers access to deals available at that moment for easy purchase. Returns and refunds are available within seven days. Mobile and web orders are subject to a $299 minimum. APMEX Club is a membership program that offers benefits such as early access to flash sales, exclusive offers and more. The company is located at 226 Dean A McGee Ave., Oklahoma City, OK 73102.
Yukon Gold buys unused jewelry, broken gold, silver, platinum, silverware sets and dental gold. Professional on-site appraisers offer fair prices and service, including educating customers on the full value of their pieces. Appointments are preferred, but walk-ins are accepted. The company is located at 438 W. Main St., Yukon, OK 73099.
Our partners independently research and analyze the companies mentioned in our guides and when needed, consult with subject matter experts to add valuable information that helps consumers make smart purchase decisions. Our partners will not include companies on these guides that do not meet specific quality standards. The compensation we receive from our partners may impact how and where companies appear on our site, including the order in which they appear.
Our partners independently research companies, and use editorial discretion to award companies with special recognition (i.e. Best Value) based on their staff’s judgement or subject matter expert’s judgement. Our partners do this to help you identify companies that will meet your specific buying needs, and do not receive compensation for these designations.