You have probably opened this Fisher Precious Metals Review to learn about this precious metal company. Rest assured that this review will provide answers to your questions provided you read till the end of this review. When you finish reading the review, you will have enough detail about the company and you will have armed yourself with the necessary facts to help you decide whether you should do business with the company.
Before selecting a precious metals company to invest in gold IRA through, you ought to have sought a handful of opinions because it will help you greatly in your selection. However, you need to know who to trust in the pool of opinions.
Bear Lake Gold is an independent company that reviews precious metal companies. Most of our readers have confessed that our reviews have their interests at their cores. Our lifelong goal is to provide unbiased opinions and facts fueled by rigorous research. We believe that our unbiased opinions may assist you in making the best decisions in your investment journey.
We have put together our standard review methodology to achieve our major goal. Our methodology guides us in conducting independent, fair, and comparative reviews of precious metals companies in the industry. Through our unbiased methodology, we research and provide our readers with accurate details that they will need to make decisions about the companies through which they can invest in precious metals.
As a major part of our methodology, we virtually contacted the executives of Fisher Precious Metals, their staff team, and the customers. Our meeting with these people was to ask them very investigative questions that will help us ascertain the company's honesty, ethics, principles, and suitability. Primarily, we contacted the customers of Fisher Precious Metals to know the kind of experiences they have had buying from the company.
Our review will provide information about Fisher Precious Metals products and services, its costs and fees, and the people in its leadership team. We will also show you the company's pros and cons and how some customers have rated them on third-party review websites.
Summarily, the information contained in this review will provide answers to these three basic questions:
Considering the information we gathered about the company, here is our conclusion about Fisher Precious Metals.
If you are interested in discovering why we concluded these about the company, you can read this review until the end.
The last question we have not answered is, "If we do not recommend Fisher Precious Metals, who would we recommend as an alternative?" As a core aspect of our main mission and aim, we have reviewed many companies in the precious metals industry to help you save time and energy, trying to figure out the best companies in this niche.
Bear Lake Gold has reviewed three companies that we consider the best in the precious metals industry. They are Augusta Precious Metals, Goldco, and American Hartford Gold. We also have easy-to-understand guides that contain the details of these companies based on our reviews. The information guides will show you why we rated them as the best three in the industry. Please click the button(s) below to get these free guides.
In addition, these guides will provide you with quality information about these companies to help you base your investment decision on hard data and facts.
Best Overall Precious Metal Provider
Best Gold IRA Based On Price
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Fisher Precious Metals is a precious metal company founded by John and Lynn Fisher in 2007. The company is located at 2151 W Hillsboro Blvd #210, Deerfield Beach, FL 33442, United States. The founders are a married couple that started investing in gold and silver in 1993. They have been working as individual investors instead of using large corporate backing. They made a lot of trials and errors in their investment journey. However, after a long time, they found their business's true marketing strategies.
John and Lynn Fisher are open people. They love being like every other customer that buys from them. John and Lynn are not financial service experts or high-level brokers on Wall Street with decades of experience. However, they are business people who know everything that one should know about the industry. More importantly, most of their knowledge was a product of their mistakes in their investment journey.
They bring to the market the experience they have gathered after 29 years of investing in precious metals. John and Lynn and their team offer professional personal investment counseling to interested investors based on their goals and needs. Using their experience in precious metals investments, they can explain the risks and benefits of investing in most precious metal products. They can also explain why you struggle with your precious metals investment.
The regulatory governance surrounding precious metals is different from other investment types. Investing in precious metals comes with good consumer privacy. However, this benefit makes taking advantage of unsuspecting investors easy. John and Lynn know that, so they have patterned Fisher Precious Metals so that it will inform potential customers against making the same mistakes they made in their early years of investing. They give this education to potential clients who come their way, whether the clients eventually buy from their dealership or not.
The company has a good reputation on public rating sites, as some of its customers have rated them positively for doing amazing work.
As mentioned, John and Lynn Fisher are the company's founders. John Fisher serves as the Industry Council for Tangible (ICT) Vice Chairman. John Fisher's position in the Industry Council for Tangible makes him a very important figure in the precious metals market. John Fisher's opinions and insights have greatly contributed to the industry and how it has turned out in the last few years.
Furthermore, John Fisher works with a team of Christian-identifying financial advisors called Kingdom Advisors. These financial advisors refer him to their customers when they want to buy precious metals.
John Fisher is also an approved tutor in Continuing Education. He holds seminars for CPAs (Certified Public Accountants), investment advisors, and financial planners. John Fisher can do all these because he is well experienced in the industry and is bold about sharing his wealth of experience with others.
Fisher Precious Metals as a precious metals company, is part of multinational corporations like GIA (Gemological Institute of America), ANA (American Numismatic Association), NGC (Numismatic Guaranty Corporation), and PCGS (Professional Coin Grading Service). The company's membership in these organizations allows them to know every possible detail about bullion, coins, rounds, and other topics concerning precious metals.
Fisher Precious Metals has a variety of strong values that show in its policies. When we asked most of its customers about the company, they told us that Fisher Precious Metals tries to implement its core values as it deals with people from all walks of life.
John and Lynn Fisher intend to ensure that the company does not use sales tactics based on greed and fear when marketing their products or selling to customers.
Interestingly, when we interviewed individual investors and families, we found out that John and Lynn Fisher give the same advice to everyone. The financial advice they give to individuals is the same that they give to families. One of the customers told us that when buying from the company was not in his best interest, John Fisher declined to sell to him and referred him to another bullion dealer that would benefit his investment needs and goals.
When we spoke to the team of professionals in the company, they told us that John and Lynn Fisher take part in the running of the business daily. They do not believe in working from behind the curtains. One of the team members we spoke with told us that we could always talk with John and Lynn whenever we called within 48 hours. He told us that sometimes, new clients could talk to them immediately after they call.
When we had the opportunity to speak to John Fisher, we asked him, "what is the first criterion for hiring individuals to join your company?" He replied to our question, "no matter how experienced you are in the precious metals industry, if you have not invested in precious metals before, we cannot hire you."
We inquired further about why this qualification is so important. He told us that "the company wants to ensure everyone on board is enthusiastic and educated about what they do." He further reassured us that they do not give commissions for sales to members of their team, so we should not worry about pushy pitches, sales, and dishonest markups.
John Fisher told us that he is seriously against giving compensation or commissions because it can make people sell to clients even when it is not in the customers' best interests. According to him, he wants customers to make the best investment decisions for themselves.
According to John, Fisher Precious Metals rests on these values to sail above the other precious metals companies in the industry. The industry is one of the most difficult to work in. People can see the value of gold and silver by just using their Google search. Hence, precious metal dealers need to offer their customers competitive prices for similar products making the profit margin very slim.
According to another professional in the team that we spoke to, "Fisher Precious Metals offer customers more than competitive prices. They provide professional services to ensure their customers have peace of mind." Unlike some other dealerships we have reviewed, the customers of Fisher Precious Metals told us that it was soothing to know that they were speaking to real individuals who care about their finances and investment decisions.
The inventory of Fisher Precious Metals contains different precious metals products. They sell famous bullion that you can hold in your gold IRA. The company sells certified coins that interested investors can add to their portfolios. Some of these products available in the company's inventory are;
Fisher Precious Metals is very transparent with its product pricing. When we spoke to an agent in the company about the fact that the products on the company's website did not have their prices attached, she told us that there is a section on the website that is fully dedicated to product pricing. She told us that from that section, you could download a complete document showing the full catalog of the company's products and the updated prices of the products available for sale.
Fisher Precious Metals partners with three storage depositories and the one you choose for storing your precious metal products will determine the amount you will pay as fees. You will not see the storage costs on the company's website. However, you will find the depositories that it partners with. Therefore, you will have to contact your chosen depository for information about its storage fees.
The US Mint is popular for minting pure gold coins with special designs. It started minting the bullion series in 1986, and the Gold American Eagle coin was the first bullion it minted. The coin is remarkable and has become the most bought gold coin in the world.
Later, the US Mint produced the .9999 buffalo, and this coin also gained popularity. Today, the coin is one of the investors' most preferred one-ounce gold coins. The Mint produces coins for investors and collectors, and since it started minting, its bullion products have gained a lot of admiration among investors and collectors. The US Mint produces coins in different denominations. You can get coins ranging from 1/10 to one ounce of gold. They also produce 22k or 24k (karat) gold.
Most collectors prefer proof coins. However, most experts recommend investing in uncirculated coins. Thus, buying proof coins or adding them to your gold IRA is not a wise decision when investing in United States coins. Some experts believe dealers recommending proof coins for investing are just doing so for personal gain.
The US gold coins that you can find in Fisher Precious Metals' catalog are;
Before now, the Perth Mint was known as the Royal Mint of London Systems. The Mint started production in 1898, and since then, they have produced beautiful Australian gold bullions. Perth Mint got through Melbourne Mint and Sydney Mint. Today, Perth Mint is no longer connected to the Royal Australian Mint. However, its bullion coin is still legal tender.
The Australian Gold Kangaroos series is the most popular Perth Mint gold coin series. The Mint started minting this coin in 1987. The coin initially had a gold nugget design, so it was originally called the "Gold Nugget." Later, in 1990, the Mint replaced the gold nugget design with the Kangaroo design. The Kangaroo coins produce different marsupials and show the beautiful features of wildlife. The famous bullion included in the Australian Gold series, and that you can also find in Fisher precious Metals catalog, are:
The company sells famous world gold coins. Some of the products you will see in its catalog are:
You can purchase silver from Fisher Precious Metals, including coins, bullion, bars, and rounds. There are various refiners that mint silver, for example, the sovereign mint and US Mint. These refiners have been minting silver coins and bars for many years. Silver is also among the cheapest precious metals to invest in or buy.
When we spoke to John Fisher, he told us that Fisher Precious Metals have been selling silver because of its high liquidity. According to him, the advantage of buying silver is that many firms in the manufacturing industry use it for various purposes. Hence, this precious metal is in very high demand.
The silver products you will find in Fisher Precious Metals' catalog include products from the following mints.
According to the United States government, these US Silver coins are weighty and pure. The coins are also IRA-approved. Each coin is composed of 1 troy ounce of 99.9% silver, and they have lovely cultural designs and reeded edges. In addition, the coin gets a lot of admiration from silver dealers.
You can buy platinum in the form of bars and coins. You can also use them for pieces of jewelry. Platinum is a beautiful metal, and it is very precious. It also attracts admiration from precious metals investors globally. Some of the platinum products in Fisher Precious Metals’ catalog are
According to the details on Fisher Precious Metals’ website, the platinum bars in the company’s catalog are;
Palladium is a noble metal. It serves both investment purposes and industrial use. The demand for this precious metal is increasing by the day, and soon, the demand will outweigh the supply.
Palladium, over the years, has become a precious metal that has gained much recognition among precious metal investors. Palladium is rare, and its scarcity has contributed to why more investors want to own it. Some of the palladium products available in Fisher Precious Metals' catalog are:
Fisher Precious Metals is not an IRA custodian. However, it partners with New Direction IRA to provide custodianship to interested precious metals investors.
Fisher Precious Metal offers customers various options for precious metals storage. These options have their different advantages and disadvantages. In this section, we will look at the various options in detail.
The insured depository storage permits customers to select various locations for storing their precious metals. Customers need IRA allocations to store their precious metal products in a depository service. Regardless of the benefits of insured depository service, customers still need to rely on third parties to keep their metals safe at the end of the day.
These depositories can keep your precious metals as unallocated or allocated criteria. It is up to you to select the criteria you prefer or feel would be safer for storing your assets. If you select the allocated depository, they will store your precious metals separately from others. In addition, you will get the same kind of precious metals that you originally bought.
On the other hand, if you select an unallocated depository, they will store your coins and bars with those of other customers. Ultimately, they will distribute the coins and bars among the various owners. Hence, there is a high probability that you will not get the same precious metals products that you stored in the depository.
Customers can store their precious metals independently and in separate storage through Fisher Precious Metals. Fisher Precious Metals work with third-party depositories. These storage depositories offer insurance and safekeeping services to customers.
When we talked with a customer service agent, she told us the company partners with three depository service providers.
Delaware International Depository Services (DIDS) offers customers a state-of-the-art security service. Their storage area is highly secure with multi-redundant security systems that work round the clock. When you select this depository service, they will store your precious metals in custody. It means that your metals will be in a client-specific account.
Toronto Depository, Canada, is North America's newest, most advanced, and most technologically secure precious metals depository. The headquarters of the depository is at the capital of the Canada Business Bureau, Toronto.
The company is the first precious metals depository solution in Canada approved by the London Bullion Market Association (LBMA) and the Investment Industry Regulatory Organization of Canada (IIROC).
Strategic Wealth Preservation is an advanced precious metal storage located in Grand Cayman. The depository is new and is in a fully security-guaranteed area. The depository provides many benefits to customers who work with them.
Fisher Precious Metals partners with these depositories, and you can store your precious metals with any of them. Alternatively, you can decide to store your precious metals in your home. However, we do not advise that you do that. Considering the increased crime rates, storing your precious metals at home may be dangerous.
Selling Physical Precious Metals
Apart from buying precious metals from Fisher Precious Metals, you can also sell them. When we spoke to a company representative about this service, he told us that Fisher Precious Metals will always buy precious metals from its clients at the best possible prices.
While other companies buy back only gold, silver, platinum, or palladium bars and coins, Fisher Precious Metals can buy these precious metals as flatware, rings, watches, broken jewelry, and victoria coin rings.
Selling to the company is not difficult. All you need to do is to contact one of the customer care agents and inform the person about your intentions to sell your metals. The agent will provide you with a transparent offer or quote. Once you agree with the offer, you will get confirmation and shipping details for sending your precious metals to them for inspection and payment.
The rating was based on 17 reviews.
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5 out of 5 stars.
The rating was from 208 reviews.
5 out of 5 stars.
The rating was from 15 reviews.
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When we spoke to the customer care department, we discovered that Fisher Precious Metals is currently not offering any promotions to new customers.
Suppose you want to buy precious metals from a company that offers amazing promotions. We recommend buying from Goldco. You will get $10,000 worth of free silver when you open a gold IRA with them and qualify for a rollover.
Bear Lake Gold will give its final verdict on Fisher Precious Metals to finalize this review. After our rigorous examination, we found that the company is legitimate. It has a reputable management team, and customers have many good testimonies about it.
However, we will not advise that you invest in a gold IRA through this company because of its relatively small size. One of the limitations of this company is that it may have difficulties handling issues that come with an increased database because it is relatively small. It means that you may not get the optimal services that you should have when more people start investing through them.
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