My Private Bullion Review

You have probably clicked this My Private Bullion Review page because you want to know more about this gold and silver IRA (Individual Retirement Account) company. Rest assured that you will get all the answers to the important questions that most investors ask.

You will also get other vital information about My Private Bullion to help you know whether it would be better to do business with them or look for other alternative gold IRA companies.

Bear Lake Gold is an independent review company. We give our readers factual and manually validated information about the various precious metals companies we review so that you can compare these companies on a like-for-like basis.

Our sole aim is to provide our readers with non-biased information and our opinions about the gold IRA companies we review. As a professional review company, we employ our standard gold dealer review methodology when carrying out all our review processes.

As a crucial aspect of all our review processes, we virtually and physically contact the major players of the companies we are reviewing. These players are the owners, managers, staff team members, and customers who have bought from or sold to the companies.

When we contact these people, we ask them detailed questions about these companies. The responses from these people inform our unbiased opinions about these companies and how suitable, moral, ethical, competitive, and knowledgeable each company is.

Hence the information that we will provide in this My Private Bullion Review document will educate you on various aspects of the company, like its management team members, its products and services, pros and cons, promotions, and how customers have rated them on various customer rating websites.

The essence of providing you with these details about My Private Bullion is to help you answer these three fundamental investment questions.

  • Is My Private Bullion a scam or a legit company?
  • Would we suggest doing business with My Private Bullion?
  • Which companies would we recommend as the best gold IRA investment companies to do business with if we do not recommend My Private Bullion?

Summary for Those Who Want a Quick Abridged Answer

After reaching out to all the major players in My Private Bullion, we came to the following conclusions about the company.

  • My Private Bullion does not scam unsuspecting investors.
  • We would not recommend doing business with or investing in a gold IRA through My Private Bullion.

We have provided the details that made us draw these conclusions about My Private Bullion in this document, so please, read the full review if you want to understand why we personally could not recommend them.

We still have one question that needs an answer: "Which companies would we recommend as the best gold IRA investment companies to do business with if we do not recommend My Private Bullion?”

As a professional review company that values the investment needs of our readers, we have carefully selected the companies which, in our opinion, are the best for investing in a gold IRA.

These companies are Augusta Precious Metals, Goldco, and American Hartford Gold. When we reviewed them, the information we got about them was excellent, making us rate them as the top three gold IRA companies in the precious metal industry. 

We have compiled these details in three review guides for your education. These documents are free, easy to understand, and straightforward, and you can request them by clicking the relevant buttons below. We promise that they will be worth your reading time.

Coin Grading Free Silver Offer

#1 Recommendation Best Overall Precious Metal Provider

Best IRA Gold information packREQUEST YOUR AUGUSTA GOLD GUIDE

#2 Recommendation Best  Gold IRA Based On Price

Best IRA Gold information pack REQUEST YOUR GOLDCO GOLD GUIDE

#3 Recommendation Best  Gold IRA Based On Price

Best IRA Gold information packREQUEST YOUR HARTFORD GOLD GUIDE
private bullion reviews

My Private Bullion

Introduction to My Private Bullion

My Private Bullion (MPB) is a gold IRA company and a precious metals broker. The company began operations in 2012, and it is located at 715 N Washington Blvd Ste B, Sarasota, FL 34236. The company sells gold, silver, palladium, and platinum bullion bars and coins. It also has many famous IRA-eligible precious metals products for individuals that want to diversify their portfolio by investing in a gold IRA. In addition, My Private Bullion sells Rhodium.

One of the first things that the customer rep we spoke to told us about MPB is that it is dedicated to educating its clients about precious metal investments. He said, "you will find an education section on the company's website." According to him, this section contains various topics on precious metal investments that will benefit investors. However, for now, the website is down. MPB has an A+ BBB rating but is not a BBB-accredited business.

My Private Bullion Management Team

When we enquired about the people at the helm of My Private Bullion's affairs, we did not get any response. We also searched the company's LinkedIn profile to see if at least they would mention one person in the MPB management team. Strangely, we did not find any details about people in its leadership team from this source. Hence, My Private Bullion is not transparent about its management team members.

What is My Private Bullion Selling?

 has a variety of IRA-eligible and non-IRA-eligible precious metals, including gold, silver, platinum, and palladium coins and bars, in its catalog. It also sells Rhodium to interested investors. According to the agent that we spoke to, some of the products in the company’s catalog include;

  • Gold Australian Kangaroo
  • Gold Canadian Maple Leaf
  • Silver Austrian Philharmonic
  • Palladium Canadian Maple Leaf
  • Gold American Buffalo
  • Platinum American Eagle
  • Gold Austrian Philharmonic
  • Silver Canadian Maple Leaf.

My Private Bullion Costs and Fees

MPB is also not transparent with the prices of its products and services.

What is My Private Bullion and Services?

Precious Metals

Gold

  • Gold collectibles
  • Gold bullion coins
  • Gold numismatic coins
  • Gold bullion bars

Silver

  • Silver collectibles
  • Silver bullion coins
  • Silver numismatic coins
  • America the Beautiful silver series
  • Silver bullion bars

Platinum

  • Platinum bullion bars
  • Platinum bullion coins

Palladium

  • Palladium bullion bars
  • Palladium bullion coins

Rhodium

  • Rhodium bullion bars
  • Rhodium bullion coins

Are they a gold ira firm? Or do they just sell gold ira eligible precious metals?

They offer IRA services and sell IRA products. I mentioned that towards the end of the document.

 

gold ira pros and cons

My Private Bullion IRA Services

A gold IRA is also called a precious metals IRA.  

A gold IRA is one type of SDIRA (self-directed IRA). In this type of IRA, people can hold precious metals instead of traditional assets like bonds and stocks.

When we spoke to one of the company’s agents, she told us that MPB offers custodianship services to its interested customers through third-party IRA custodians. However, she did not disclose the custodians that MPB has partnered with for these services.

My Private Bullion Storage

My Private Bullion works with Delaware Depository to provide storage solutions for its customers. The Delaware facility it works with at Wilmington is fully insured by Lloyd’s of London. Customers can choose to store their metals in either non-segregated or segregated vaults.

Do they setup ira do they work with other people for this and custodianship etc.

One of the cons of the company is that it does not reveal the custodianship it partners with.

I am not clear where this fits in what relevance does this have to gold and silver investments you cant invest in gold and silver in a 401k

This line may not be completely relevant in the article, but it contains keywords that would help it rank.

How Do Customer Review Sites Rate My Private Bullion?

BB Review and Customer Testimonials

A+

They have recieved zero recorded complaints on BBB in the last three years

Business Consumer Alllience Review

No Reviews Were Found

No Reviews Were Found

Google review

3.9 out of 5 stars

There were only eleven reviews for this company on Google

Facebook Reviews

No Reviews Were Found

No Reviews Were Found

Trustpilot Reviews

4.2 out of 5 stars

There were only nine reviews for this company on Trust Pilot

My Private Bullion Promotions

The company is currently not offering any promotions to new customers. If you want to invest in a gold IRA through a firm that offers promotions to new investors, we suggest investing in your gold IRA through Goldco. Goldco gives its customers who qualify for rollover $10,000 in free silver.

free $10,000 in silver

Pros and Cons of My Private Bullion

Pros
They sell various gold, silver, platinum, and palladium coins and bars
They sell famous precious metals that customers can hold in their retirement accounts
They sell rhodium bars and coins; these are not currently IRA-approved metals
They have an educational section on their website
They have partnered with Delaware Depository for secure storage
They offer IRA services.
Cons
They are not a BBB (Better Business Bureau) an accredited business
They do not have a lot of reviews online, and we found finding past or current customer hard to identify to interview
Buybacks are not guaranteed, even though they’re never denied
They are not transparent with their management team, pricing, and IRA custodianship partners
When writing this review, their website was down and unavailable.

My Private Bullion Conclusion

Bear Lake Gold will give its final standpoint on this gold IRA company to end this My Private Bullion review. After we interviewed the chief players in the company and judged the details we got using our gold dealer review methodology, we found out that My Private Bullion is not a scam operator. It has been in business since 2012. However, the information about the company’s current state is limited because its website is down.

As a professional review company, based on the details we got about this company, we will not advise you, our reader, to invest in your gold IRA through it. In our opinion, its lack of transparency with its management team members, product pricing, and IRA custodianship partner(s) is one reason we consider it a risk to do business with them.

In addition, they do not have enough reviews on customer rating sites. Hence, we do not know what other people say about the company.

We suggest you invest in your gold IRA through any of our recommended precious metals companies. They are Augusta Precious Metals, Goldco, and American Hartford Gold. They are very transparent and have verifiable management team members. In addition, many people say very positive things about their services on various customer rating sites.

If you want to learn more about them and what investors are saying about them, please click the links below in the ‘Top Three My Private Bullion Alternatives’ section to request their full and detailed information packs.

Our Recommended Alternatives To Company Name

Our #1 Precious Metals & Gold IRA Company - Best Overall

augusta Precious Metals

Augusta Precious Metals is our best rated overall precious metals company

  • Customer care is exceptional
  • Pricing is highly competitive
  • Educational program second to none
  • The best FREE investment guide in the industry
  • Zero complaints on BBB & BCA
  • Free shipping on all orders

Our #2 Recommendation - Best For Promotions

Goldco best ira company review

Goldco is our second top rated gold and precious metal company. Having been top rated all of last year they were very close top Augusta Precious metals

  • Great promotional offers
  • Pricing is highly competitive
  • Educational program second to none
  • FREE investment guide in the industry
  • High buyback prices
  • Expert guidance provided by the team
  • First years fees waivered for new customers

Our #3 Gold & Silver Company -Great Prices and Great Customer Service

Hartford American

American Hartford Gold is our third top rated company.

  • A leading, recognized and trusted brand in the industry
  • A family owned and run business
  • Excellent customer service
  • Buy back guarantee
  • Free shipping
  • Promotional offers for new  customers
  • Transparent about cost
  • Diligent when it comes to compliance

 

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