Buying Gold Bullion From Banks -

Most branches simply do not offer this service anymore.

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. buying gold bullion from banks

If they have it, you can often store it immediately in a safe deposit box at the same location. Most branches simply do not offer this service anymore

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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.

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