The purpose of this American Bullion review is for Bear Lake Gold to give our views on this company and what they have to offer in the precious metal investment sector. This review will cover areas such as an overview of American Bullion, the products and services that American Bullion offers, its uniqueness, and service cost. We will also, cover the pros and cons of making your precious metal purchase and IRA investment through American Bullion.
American Bullion failed to reach our top three best Gold IRA service providers and dealers of precious metal companies. If you want to know why they do not make our list, then keep reading this review.
Planning for your retirement should start as early in your life as possible especially if your aim is to retire young and have a well-funded retirement.
Now, while there are other ways to invest your money like stocks, bonds, cryptocurrencies, and ETFs, buying precious metals and precious metal IRAs is one of the best and safest investments you can make for your retirement.
Investing in a precious metal IRA is like investing in a fixed saving regime with tax efficiency.
Precious metal IRA investment allows you to save your money in a low-risk market until you reach your desired retirement age. The precious metal IRA market is less volatile and offers better protection against inflation and market volatility than many other forms of investment, making your investment safer.
You can purchase a gold or precious metals IRA from many companies but American Bullion is in a class of its own. Since 2009, American Bullion has given precious metal IRA investors many reasons to trust them. They have a track record of providing the finest products and services in the precious metal IRA market.
If you are struggling to understand if an investment with American Bullion is legitimate or a potential scam company, we hope that this review will help you understand that we believe them to be a legitimate company; Although after conducting our rigorous research we do not believe they are amongst the top three providers in this market, in our opinion. We have found other companies have a better overall service offering. We have listed our top three recommendations below.
American Bullion is a gold and other precious metal IRA company founded in 2009 by two experienced precious metals traders. When it comes to adding precious metals to the list of your IRA assets, they are not just a trusted brand for the job, but also a pioneer in the gold IRA niche.
This company specialize in helping its clients to take their existing savings or retirement funds held within plans like other IRAs, 401k plans 432b plans or 457b plans and converting a portion of them into a gold or precious metals IRA. They also deal directly with coin and bullion buyers and can deliver either to secure custodians or directly to the customers’ doorstep.
American Bullion sells all Pre-1933 European coins, U. S. coins, trending bullion, gold and silver coins and bars. In addition, they sell other precious metals in the form of bars and coins, depending on customers' needs. When customers buy precious physical metals from American Bullion, it ensures that the products are delivered based on the specified locations fast and securely.
When we spoke to the various teams at American Bullion, we found that they had two key departments; a regular operations department dealing with general coin and bullion purchases and a dedicated specialist department for clients looking to invest in gold or precious metal IRAs. Both teams offered good customer service experiences, so we included them in our complete review section. Although we found the customer services good, and from our reference studies, we feel they would be supportive throughout their transaction processes. However, their education program was not as strong as Augusta Precious Metals and the after-sales support lacked the finesse offered by Goldco.
In our discussion with all the departments we engaged with, we really felt that American Bullion values and tries to learn from every customer interaction. We felt, they treat every customer honestly and deal with them fairly and ethically. Our overall interaction with them is the reason we have featured them as part of our top thirty precious metal dealers and Gold IRA providers and feel the following gives them advantages over many other companies in this sector.
American Bullion is widely known for its physical precious metal assets and IRA eligible coins. The United States’ Mint approves the organization to deal on precious metals and gold IRAs. Part of this company’s numerous approvals includes being a member of very vital organizations like the ANA, ICTA, and PCGS (Professional Coin Grading Service).
Available in the collections of American Bullion products are collections of unique and valuable coins and bars. They have modern gold and silver coins and the European pre-1939 coins. Furthermore, they sell rare gold coins, for example, the Canadian Gold Maple, American Gold Buffalo, and American Eagle.
The precious metal bars available in their collections are silver, gold, palladium, and platinum. You can buy these products from the company's inventory as either precious metals IRA investments or to keep in your precious metal collection.
Another service that America Bullion offers is a free guide for buyers when they register. This guide is a must-have educational material for all precious metal professional traders, newbies, and enthusiasts. Some of the areas covered in this resource material are;
Although we thought this guide was useful it lacked the scope of guides, in particular we favor the guide offered by Augusta Precious Metals.
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American Bullion has a lot of products in their inventory for investment purposes. Some of these products are also eligible for inclusion within a self-directed IRA.
American bullion does not have a full product catalog for all their available products online. Although, from the company's website, you will see that they have gold, platinum, silver, and palladium bars and coins available in their inventory. Customers must contact customer services if they want to know the prices and specifications of products available in their inventory. Below is a list of products we were told were available from stock at the time of writing this article.
IRA-Approved Gold Coins
Customers who own accounts with assets less than $100,000 with American Bullion pay between $75 to $90 as an annual fee. We were a little confused as to why they quoted different fees when we spoke to them so we have gone back to seek further clarification and we will update this review when we get a clear answer to this question. It could be just a case of you get what you negotiate at the time.
If you calculate the total fees, including setup, no matter the balance in a customer's account, it can get to $290 annually. This annual fee is a bit higher than that of gold IRA provider companies like Goldco, Advantage Gold Group, Regal Assets, and Noble Gold.
Although, the company gives these small additional fees back to its customers through promotions that most investors can leverage. Here is how investors can leverage these additional fees; American Bullion does not charge administrative and storage costs for the first year of registration and product purchase.
The company uses this promotion to get people committed to investing with them and encourage them to start buying products immediately. This promotion is amazing because there are almost no gold IRA companies currently offering such promotions.
American Bullion also uses this promotion as their competitive advantage. They offer this promotion to compete with reputable gold IRA investment providers in the industry. Although the promotion gives this company a competitive edge, it is still not among the first three on our list of gold IRA companies.
Signing up with American Bullion is one of the most seamless processes in the gold IRA industry. American Bullion uses STRATA Trust company as its preferred custodian for IRA metals. On the signup page, you will get a link to the STRATA IRA Custodial Account Application PDF from the company website. Just fill out the form.
After submitting the form the experts from American Bullion will review it and then reach out to you when STRATA Trusts Company approves your application.
As we mentioned, opening, and setting up a gold IRA account is usually a good decision. It should be one of the strategies you consider if you wish to protect your wealth as you grow old and even after your retirement. Remember setting up a Gold IRA account is both a good idea and with this company is straightforward.
One of the things you also should know is this; no matter your financial status and experience, you need to select a good precious metal company to take care of gold IRA investments. The company should be able to provide details on the kind of precious metals you need in your IRA account and guide you through opening the IRA account.
Getting assistance from experts in the gold IRA industries will give you the kind of confidence you need to make your investment decisions. Also, a professional guide will help you maximize all the accounts' benefits.
Below are the primary steps you will go through when opening a gold IRA and what you might likely encounter as you work with American Bullion Professionals.
Rollover your Existing 401k or IRA
Customers who own an eligible 401(K) or other IRA plan can convert their savings into gold, silver, and precious metals investments. You have options to turn some parts of your paper IRA or convert all into a gold IRA precious metal account. You can choose any option depending on what you want to do and the financial goals you set.
Converting an existing 401(K) into a precious metal IRA account is quite simple. There are experts in American Bullion that can assist you through the process of any paperwork required.
If you want to open a new account, the expert advisors at American Bullion will give you all the necessary forms. You need to fill in correctly every required detail before opening your account. Opening your precious metal account with them is very safe, and rest assured that experts will take care of all the processes required to ensure your account is set up safely and securely.
Opening an account with this company will give you peace of mind knowing that your account will be taken care of by one of the nation's leading precious metals IRA custodians.
It does not matter if you are rolling over an existing 401(K) or opening your IRA account for the first time. What is most important is choosing your investments. There are varieties of IRA-eligible precious metals you can buy. If you are a bit confused about the mix of precious metals to add to your IRA, you should contact your precious metal IRA expert for options and more information on which to select. The specialist will select the best precious metals mix for you based on your financial needs and current situation. You only need to reach out to them through a phone call, and you will get personal and expert recommendations from the IRA specialists.
You can always add additional money into your gold IRA account subject to the maximum annual contribution limit every year. The amount you can add depends on the current contribution limits based on tax laws. For traditional investment methods and how to diversify your asset portfolio, you can speak to your precious metal special advisor
Out of hundreds of reviews, there has been only one negative review in the last three years recorded on the BBB website
Out of eight reviews, they have seven excellent and one good rating recorded on the BCA website
At the time of researching this review we could not find any reviews on the Google review site for this company.
At the time of researching this review we could not find any reviews on the Google review site for this company.
3.9 out of 5 stars
Out of 194 reviews, 160 (82%) were excellent, 22 (11%) were great, 3 (2%) average, 3 (2%) poor, and 6 (3%) were bad.
4.4 out of 5 stars
Multi award winning Goldco is known for its integrity and trust. They sell most forms of precious metals and are experts in Gold and Precious metal IRA schemes. Last year they featured at number one on our top 30 Gold IRA providers list. This year they have slipped one place to number two, but we still consider them a great choice.
Augusta Precious Metals are our number one recommendation for Gold IRA purchases, suitable for any form of investor based in the United States, we believe they offer great pricing, valueable incentives (often negotiable), a fabulous education program led by a Harvard educated professional and exceptional customer services.
American Hartford Gold, is a family owned and run firm, less pushy than our top two recommendation for our experience, but still with a great balance of experience, skills, good prices and utter integrity.
The conclusion in this article have been drawn through discussion with the company, anonymous shopper enquiries and other on and offline research.
We believe this company to be a trusted precious metal bullion, coin and IRA investment firm.
As nearly all the products they offer are standard coins and bullion product quality is the same as other providers in the industry
As stated before, American Bullion is not in our expert opinion the best provider of gold or precious metals IRAs, although they do fall within our top thirty providers.
Our whole market evaluation has identified who we believe to be the top three companies for your gold IRA and other precious metal investments, particularly if you live in the United States.
Account opening, set up and funding with our top three gold IRA companies is easier than the rest. No matter the kind of retirement plans you have, our top three companies will assist you in funding your account or converting your retirement account to a precious metals IRA.
The top three companies on our list of precious metal IRA investments are Goldco, American Hartford Gold and Augusta Precious Metals. Click the links in the previous section to find out more about them.