Where To Buy Gold In South Elgin, Illinois

Buying Gold Near South Elgin Is Easy As 1...2...3!

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Place Your Order Online!

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Buying gold in South Elgin, Illinois has never been easier! Dozens of local and national gold dealers are standing by to help you invest!

Local Gold Dealers

1) GoldMax

1.86 Miles Away (877) 465-3629 887 Randall Rd. Elgin, IL 60123

2) Northern Illinois Coin & Stamp Inc

3.19 Miles Away (847) 695-0110 1100 Larkin Ave Elgin, IL 60123

3) Windy City Jewelry And Loan

4.42 Miles Away (847) 622-7296 943 N McLean Blvd Elgin, IL 60123

4) STC Cash for Gold and Silver

5.39 Miles Away (847) 888-3883 840 W Main St St Charles, IL 60174

5) GoldMax

6.04 Miles Away (877) 465-3629 659 S. Sutton Rd. Streamwood, IL 60107

6) GoldMax

8.73 Miles Away (877) 465-3629 7420 Barrington Rd. Hanover Park, IL 60103

7) Diamond Jewelry & Loan

9.61 Miles Away (630) 830-5080 7201 Olde Salem Circle Hanover Park, IL 60133

8) PGS Gold & Coin

12.07 Miles Away (847) 278-7691 900 S Roselle Rd Schaumburg, IL 60193

9) Gold & Jewelry Direct

12.22 Miles Away (847) 458-0899 130 S Main St Algonquin, IL 60102

10) PGS Gold & Coin

12.64 Miles Away (630) 868-3412 600 S County Farm Rd Wheaton, IL 60187

Gold Purchase Formats

There are a number of physical formats you can consider when buying gold:


  • Gold Coins: Some coins have a "rarity" component associated with them that can add to their value. Coins are a great option but avoid purchasing based on rarity unless you really know what you're doing
  • Gold Jewelry: Investing in jewelry is another option. You'll take craftsmansip, design, and purity into account when valuing these items.
  • Gold Bars: Bars are typically quite pure, and stamped with the name of the production refinery. Value is directly aligned to the amount of metal in the bar.
  • Gold ETFs: These are funds designed to follow the spot price of gold. It doesn't mean you own anything physically, and isn't an effective hedge against total system collapse (but can be a good investment vehicle for some).

Tips For Buying Gold In Illinois

Know And Comply With The Law

It's important to comply with the law when it comes to buying gold, and knowing what they are goes a long way.


Under a certain dollar amount, there's no need to declare (which may be attractive to some), but once you hit a threshold you will need to (and should) declare your holdings.

Invest On A Long Time Horizon

When investing in any asset, including gold, it's important to keep the time horizon in mind. Prices fluctuate, and over a longer time horizon there's a better chance of your investment appreciating in value.


The last thing anyone would want is to invest money they'll need in the coming months, only to have the market move against them. Talk to your financial adviser, and carefully plan any future purchases.

Maintain Direct Control Of Your Gold

If you're not buying an huge amount of gold, you should aim to maintain direct control over it at your home or other property.


If you're investing heavily, to the point where you need a safe alternative location to store it, be sure to go somewhere like Switzerland with strong property rights. It's key to make sure they can't lend or hedge using your stash.

Avoid The Banking System

Physical precious metals like gold are a hedge to the traditional banking system. In a crisis, if the system collapses, it may very well take your property down with it (if it can).


If there is a run on the banks, having your gold under your direct control means they can't confiscate it, block access to it, or have loaned it out in a leveraged fashion.