Walmart Gold Bars – Here’s What Investors Need To Know (2024 Update)
At a Glance:
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- Walmart started selling gold bars from various mints in 2023.
- Gold bars from Walmart are reasonably priced but may be cheaper at other online dealers.
- Learn more about how Walmart stacks up to other gold bar dealers on this page.
Walmart Sells Gold Bars – But Are They a Good Deal?
Big box store Walmart doesn’t just sell food and home supplies anymore. In 2023, the company expanded into another industry – precious metals. That’s right! Walmart sells gold bars. The retailer currently sells gold bars from several different mints, including PAMP Suisse, Perth Mint, and Valcambi.
Walmart is not the only massive company to venture into the precious metals space. Costco made international headlines when they started selling gold bars in October of 2023. Like Walmart, Costco primarily stocks gold bars from PAMP Suisse, although the company expanded its offerings at the beginning of this year.
For decades, Walmart has carefully cultivated its reputation as one of America’s most affordable grocery stores. For gold investors, finding the best deal possible on gold bars is an important – and sometimes difficult – part of the investing process. Walmart may be known for its low prices on groceries and electronics, but selling gold isn’t quite the same as stocking your shelves with food and drink.
Are Walmart gold bars a good deal? Walmart’s gold bars are sold at a moderate premium over spot price, making them a relatively average gold dealer as far as value is concerned. Since Walmart does not specialize in precious metals, some investors may find that online gold dealers offer a better all-around buying experience than the big box retailer.
On this page, learn everything you need to know about Walmart’s line of gold bars. We’re covering Walmart’s gold bar selection, the costs of buying gold from Walmart, and more.
What Are Walmart Gold Bars?
Like Costco, Walmart unveiled its new gold bar inventory in 2023. Walmart’s gold bars are only available online, so in-person shoppers can’t yet throw a gold bar or two into their carts while shopping for groceries. Right now, the company sells gold bars from a number of mints, including PAMP Suisse, Valcambi, and Perth Mint. The company also offers “Any Mint, Any Condition” 1 oz Gold Bars.
Walmart only started selling gold bars last year, so we anticipate that their inventory will likely expand in the next few years as the popularity of the Walmart gold-selling project grows.
When Did Walmart’s Gold Bars Hit the Market?
When did Walmart start selling gold bars? The first Walmart gold bars went on sale in 2023. Since then, the big box store has extended its gold bar inventory to include several notable brands from mints all over the world. Walmart’s gold bar inventory became a big hit among some investors. This isn’t surprising, given the company’s reputation for fast shipping and low prices.
Which Gold Bars Does Walmart Sell?
What gold bars does Walmart sell? Walmart sells gold, and the company expanded its inventory since 2023 to include a wide variety of different gold bars from around the world. As of August 2024, Walmart sells branded gold bars from several popular mints. Here are a few of the different gold bar brands available on Walmart’s website:
- PAMP Suisse
- Valcambi
- Perth Mint
- Royal Canadian Mint
- Rand Refinery
How big are Walmart’s gold bars? Most Walmart gold bars weigh 1 troy ounce, but the distributor also sells smaller bars weighing as little as 1/2 gram. As frugal gold stackers already know, smaller gold bars are usually sold at higher premiums over spot price than large gold bars.
Aside from branded gold bars, Walmart also offers several “Any Mint, Any Condition” options for investors who want to cut down on gold premium fees.
Gold Bar Prices At Walmart (August 2024 Estimates)
Walmart may have expanded its inventory of genuine gold bullion bars, but its prices may be a bit too high for budget-conscious investors. How much does a Walmart gold bar cost? Walmart gold bar prices vary based on brand, size, and gold content. The price of a Walmart gold bar ranges from $66 to $5,000 or more, depending on these three factors. A 1 oz PAMP Suisse Gold Bar from Walmart is currently listed at $2,610, which is about $100 over the current spot price of gold.
Other Walmart gold bars are cheaper, such as the “Random Brand” 1 oz Gold Bar currently for sale on the Walmart website. The cheapest Walmart gold bar is likely the 1/2 Gram Gold Bar, which costs around $67 but does not come with free shipping.
Are Walmart Gold Bars Worth It?
So how do Walmart’s gold bar prices stack up to other online dealers? Walmart sells its gold bars at a pretty average price. In other words, plenty of online dealers sell the same gold bars for less, but other dealers may charge even more than Walmart for a gold bullion bar.
One important step in the gold investing process is to carefully compare prices across multiple different retailers. Hero Bullion, for example, offers several gold bars from popular brands at lower prices than Walmart. Although Walmart’s gold bars aren’t overpriced, they may not offer the best deal compared to some of the dedicated gold dealers available online.
It’s also worth noting that Walmart offers free shipping for most of its popular gold bars. This isn’t uncommon within the precious metals industry – Hero Bullion also waives shipping fees for orders over $149. Still, saving on shipping fees can help investors cut down on how much money they spend to buy genuine gold.
Are Walmart gold bars worth it? Walmart’s gold bars may be worth it for investors who value Walmart’s convenience and fast shipping, but the average Walmart gold bar costs more than similar bars from other online sellers.
Walmart Vs. Online Gold Dealers
Of course, price isn’t the only factor investors should consider when choosing who to buy gold from. Should you buy gold from Walmart? The answer to this question, as always, depends on your personal preferences and investment objectives. Walmart’s reputation as an affordable and approachable distributor helped popularize its gold bar inventory, but let’s see how Walmart’s precious metal dealings compare to other precious metal distributors:
| Walmart | Online Gold Dealers |
|---|---|
| Average premiums compared to online dealers. | Premium costs very from dealer to dealer. |
| Customer service depends on third-party distributor. | Direct, independent customer service. |
| Free shipping on some items. | Free shipping for orders above $149 (Hero Bullion), |
| Stock can vary, bars can sell out quickly. | Consistent inventory of popular gold bars. |
| Mostly stocks popular, easy-to-sell gold bars. | Often stocks hard-to-find gold bars from new mints. |
Comparing Walmart Gold Bars To Online Gold Sellers
Generally, investors should consider three main factors as they research the best dealer to buy gold from:
- Inventory and Selection
- Customer Service and Reputation
- Pricing
These three considerations should give you a better idea of the quality of a precious metals dealer – and how much money you might save by doing business with them. It should go without saying, but be sure to do your own research before settling on a new gold dealer. Your priorities, budget, and investment objectives should take center-stage as you work to build a financial portfolio of precious metals.
Below, we’ll compare inventory, customer service and reputation, and prices to see how Walmart compares to the average online precious metal dealer.
Inventory and Selection
Walmart offers a comparable inventory of gold bars compared to online gold dealers. The big box store now stocks hundreds of gold bars from dozens of popular mints. Walmart’s gold bar inventory is quite new, though, so expect products to occasionally sell out. Still, Walmart has done a decent job of offering a large selection of different gold bars on its website.
While Walmart sells nearly the same variety as many online gold bar dealers, it might not stock some of the hard-to-find gold bars that sellers like Hero Bullion offer. Old gold bars with numismatic value, for instance, are not easy to find within Walmart’s expansive new gold inventory. Since independent online gold dealers establish relationships with new and up-and-coming mints, investors might have an easier time finding the newest gold bars if they look elsewhere.
Customer Service and Reputation
For several decades, Walmart has been the most popular big box store in the United States. The company’s customer service rating is decent but remains lower than the average compared to other American supermarkets. When it comes to precious metals, customer service is everything.
Does Walmart sell its own gold bars? Technically, Walmart does not sell its own bars. Gold bars from Walmart are instead sold by third-party distributors, which might include several existing online gold dealers. If you purchase a gold bar from Walmart and need to speak to customer service, you’ll be connected to the original dealer who is actually selling the gold bar.
Because Walmart’s gold bars are actually sold by third-party distributors, the quality of customer service you receive may depend on which dealer sold your gold bar. Working directly with a dedicated gold dealer is a good way to ensure you receive the best customer service possible. Companies like Hero Bullion offer verified customer reviews, personalized customer service, and other tools to help make sure investors are satisfied with their gold bars.
Prices – Is Walmart a Cheap Place to Buy Gold?
For gold stackers working on a tight budget, finding the best value is everything. Overall, Walmart’s gold bars aren’t overpriced. Many of the gold bars listed on Walmart’s website are sold at a reasonable premium over spot price compared to the average online gold dealer. Investors can also spend less while buying gold by stocking up on fractional gold bars, which are gold bars weighing less than one troy ounce.
Are Walmart gold bars cheap? Although Walmart’s gold bars aren’t extremely expensive, consumers are likely to find cheaper gold bars elsewhere. Independent gold dealers often sell gold bars at lower premiums over spot price than Walmart. Premium fees vary from dealer to dealer, so be sure to shop around before buying your next gold bar.
Whether you buy gold from Walmart, Hero Bullion, or another gold dealer, be sure to factor shipping fees and taxes into your total budget. Walmart and most online gold sellers offer free shipping for certain orders, and sales taxes on precious metals can vary based on your state’s tax code.
Should You Buy Gold From Walmart?
Walmart now sells gold, and the supermarket may be a good source of gold bars – depending on what you’re looking for in a gold dealer. Gold bars listed on the Walmart website are sold at reasonable prices, although they may be a bit more expensive than other online precious metal sellers. Since Walmart’s gold bars are sold by third-party retailers, the quality of your purchasing experience may depend on which dealer is behind your investment.
Other online gold dealers, including Hero Bullion, offer a dedicated customer support team, an extensive inventory of branded gold bars, and competitive prices on the most popular bars on the market. Interested in learning more about our gold bars? Check them out here.
Walmart Sells Silver, Too – Here Are the Details.
Aside from gold, Walmart also sells silver. Walmart’s silver inventory includes coins, bars, and rounds from several mints around the world. Walmart’s silver bullion products are reasonably priced but, like their gold selection, may be a bit pricier than the silver deals offered by some online silver sellers.
What silver bullion products does Walmart sell? Walmart sells thousands of silver bullion products, but here are a few of their most popular silver coins, rounds, and bars:
- American Silver Eagles
- Morgan Silver Dollars
- Canadian Silver Maple Leaf Coins
- Perth Mint “Year of the Dragon” Silver Bars
This extensive inventory has made Walmart a fierce new competitor in the precious metals industry.
Final Thoughts: Everything You Need To Know About Walmart’s Gold Bars
In 2024, both Costco and Walmart sell gold bars. Walmart offers a wide range of different gold bars minted from all around the world, and they introduce to the precious metals industry a reputation for low prices and fast shipping. Some online gold dealers may offer better deals on gold and silver bars than Walmart, but we don’t think that the big box store’s gold bars are going anywhere anytime soon!
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About The Author
Michael Roets
Michael Roets is a writer and journalist for Hero Bullion. His work explores precious metals news, guides, and commentary.