A major downside is that banks rarely buy gold back from customers, meaning you'll still need a private dealer when it’s time to sell. Pros and Cons
If they have it, you can often store it immediately in a safe deposit box at the same location. buying gold bullion from banks
Some private banks allow wealthy clients to buy a claim to gold held in their vaults (starting around $250,000), which avoids the hassle of physical handling. A major downside is that banks rarely buy
Highly regulated with virtually zero risk of counterfeit products. Highly regulated with virtually zero risk of counterfeit
Do not expect to walk into a branch and buy gold. Most banks that still participate require you to be an existing account holder and may need to order the metal in advance.
Most major U.S. banks do not sell physical gold to the public. You may have better luck with local credit unions or smaller, rural banks that sometimes buy and sell coins received from customers.
You won't find a wide variety of weights or styles; banks usually stock only standard 1 oz coins or small bars.
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