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MyGold review

A closer look at the products and pricing of this NZ-based gold, silver and platinum dealer.

MyGold logo

MyGold is a gold dealer that manufactures and sources gold and silver bullion for NZ investors. It allows you to buy bullion as well as sell your unwanted bullion or jewellery.

In this guide, we’ll take a closer look at the products MyGold offers, how you can buy and sell bullion with MyGold, and what fees apply.

What can I buy from MyGold?

MyGold is an authorised distributor for the Perth Mint, the Royal Canadian Mint and the South African Mint. It stocks a wide range of gold, silver and platinum products, including:

  • MyGold gold and silver cast bars
  • MyGold 1kg Silver Stag bullion bars
  • Perth Mint gold cast bars and gold minted bars
  • PAMP Suisse gold minted bars
  • Perth Mint gold and silver kangaroo coins
  • Gold and silver Canadian Maple Leaf coins
  • American Buffalo coins
  • Perth Mint silver cast bars
  • Gold and silver Krugerrand coins
  • PAMP Suisse silver cast bars
  • Silver Britannia coins

If you’re looking for a gold or silver storage solution, the company stocks a range of safes from Chubbsafes.

Finally, MyGold also buys gold, silver and platinum products from customers. It purchases all kinds of gold bullion and a wide range of other products.

How do I buy and sell bullion with MyGold?

You can buy gold, silver and platinum from MyGold by completing the following steps:

  1. Choose your product. Browse the selection of products available on the MyGold website.
  2. Contact MyGold. Submit an online request or phone MyGold direct to specify the product you want. Once pricing and availability are confirmed, you can reserve the item you want to buy and submit an order.
  3. Confirm payment. You can pay for your purchase via Internet bank transfer, EFTPOS or with cash. USD and AUD wire transfers are also available. Once payment has been verified, you’ll receive an update about the delivery details of your item.

If you’d like to sell an item to MyGold, you can phone the provider or fill out an online enquiry form. A MyGold representative will then be in touch to discuss your needs.

What are the fees?

There are no prices listed on the MyGold website, so you’ll need to phone or email the provider to find out how much your purchase will cost. Once you’ve received a quote, you can compare it with the current spot price of gold, silver or platinum.

Delivery fees also apply, but you’ll need to call MyGold for a quote.

MyGold also offers certain customers the option of storing bullion at its headquarters in Auckland. All items are insured and kept in tamper-evident boxes, but you’ll need to contact MyGold to find out more about storage pricing.

Is MyGold safe?

Established in 2009, MyGold is an independent precious metals dealer based in Auckland. It provides a certification and metal purity guarantee on all products, and claims to have “the most five-star reviews of any New Zealand gold dealer”.

MyGold sources gold and silver from a range of local and international suppliers, and is an authorised distributor for the Perth Mint. It also mints its own gold and silver bullion, while all products MyGold sells come stamped with their metal type, weight and purity.

Orders are delivered overnight via insured courier, with a signature required before you can receive your order. You also have the option of collecting your order in person at MyGold’s Auckland office — you’ll need to provide a valid form of photo ID to collect your purchase.

You can view hundreds of customer testimonials on the MyGold website, while MyGold also has an average rating of 4.8/5 from more than 250 Google reviews.

Summary

MyGold is well worth considering if you’re thinking of buying gold or silver bullion. It stocks a wide range of bars and coins from local and international suppliers, and we like the fact that it’s based in Auckland and is NZ-owned.

We would like to see more information about pricing provided online, but it’s easy to get a quote via phone or email. If you’re looking to invest in gold or silver, compare MyGold’s prices with those offered by other dealers before deciding where to purchase.

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Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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