A pawn shop can also sell gold. Keep in mind the spot price of gold (the price per ounce right now on the market) as you buy, so you can make a fair deal. Mutual funds and ETFs are generally the easiest and safest ways to invest in gold. 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.
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.