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This American Bullion review provides Bear Lake Gold’s views and opinions on this company and what it offers 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 costs. We will also cover the pros and cons of making your precious metal purchases and IRA (Individual Retirement Accounts) investments through American Bullion.
American Bullion failed to reach our top five best Gold IRA service providers and precious metal companies. If you want to know why they are not in our top five list, keep reading this review.
Planning for your retirement should start as early as possible, especially if you aim 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 retirement.
Investing in a precious metal IRA as part of your retirement investments is like investing in a fixed saving regime with tax efficiency.
Precious metal IRA investment allows you to save 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 investment forms, making your investment safer.
You can purchase a gold and silver 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 decide if an investment with American Bullion is in a legitimate or a potential scam company, we believe them to be a legitimate company.
Although, after conducting our rigorous research, they are not amongst our top five providers in this market. We have found other companies that have better overall service offerings. We have listed our top five recommendations below in their ranking order.
To know more about these companies and why they have made the list of our top five gold companies in the industry, click the relevant links above to download their detailed review guides.
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 customer’s 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 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 why 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's management team comprises highly experienced individuals. Below is a list of key individuals in the company’s management team.
American Bullion is widely known for its physical precious metals and IRA-eligible coins. Most of their precious metals and gold IRA-eligible products are approved by the United States Mint. This company’s numerous approvals include being a member of 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 European pre-1939 coins. Furthermore, they sell rare gold and silver 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 gold IRA investments or to keep in your precious metals collection.
Another service that America Bullion offers is a free guide for buyers when they register. This guide is a must-have piece of educational material for all precious metals professional traders, newbies, and enthusiasts. Some of the areas covered in this resource material are;
Although we thought this guide was useful, it needed to cover more crucial topics on precious metals investing. In particular, we favor the guide offered by Augusta Precious Metals because it is more comprehensive than most guides we have seen on precious metals investments.
American bullion does not charge annual fees. However, STRATA, their custodian, and the depository they use (DDSC) charge annual fees for IRA accounts. Their fees for the first year add up to $320 (per STRATA, it will go up to $365 after October 1st, 2023 ) and $195 a year for years after ($225 after October 1st)
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 only some gold IRA companies currently offer such promotions.
American Bullion also uses this promotion to gain a competitive advantage. They offer this promotion to compete with reputable gold IRA investment providers. Although the promotion gives this company a competitive edge, it is still not among the first five on our list of gold IRA firms.
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 in their inventory. Customers must contact customer services 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 when writing this article.
IRA-Approved Gold Coins
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. You will get a link to the STRATA IRA Custodial Account Application PDF from the company website on the signup page. Just fill out the form.
After submitting the form, the experts from American Bullion will review it and reach out to you when STRATA Trusts Company approves your application.
Opening, and setting up a gold IRA account is usually a good decision if you want to diversify your retirement investment portfolio. 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.
Regardless of your financial status and experience, you must select a good precious metal company to take care of your gold IRA investments. The company should be able to provide details on the kinds 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 industry will give you the kind of confidence you need to make your investment decisions. Also, a professional guide will help 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.
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 one of the nation's leading gold and IRA custodians will take care of your account.
Customers who own eligible 401(K) or other IRA plans can convert their savings into gold, silver, and precious metal investments. You can turn some parts of your paper IRA 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 simple. There are experts in American Bullion that can assist you through the process of any paperwork required.
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 metals you can buy. If you are 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 contact them by phone, and you will get personal and expert recommendations from IRA specialists.
You can always add money to your gold and silver IRA, subject to the maximum annual contribution limit yearly. 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.
We asked American Bullion if they could offer our readers any form of discounts, coupon codes, or special offers, and they said at the current time, they did not have any such offers.
Suppose you would like to take advantage of what we consider one of the best special promotions in the industry. In that case, you should invest in precious metals through Goldco. Goldco is currently offering $10,000 in free silver to qualifying customer opening or rolling over a precious metals IRA.
Better Business Bureau American Bullion
A+
According to BBB review site, there have only been two reviews of American Bullion Inc. and one complaint in the last three years. There have been no new complaints in the last 12 months
Business Consumer Alliance American Bullion
AAA
Out of eight reviews, they have seven excellent and one good rating recorded on the BCA website
4 stars out of 5
At the time of updating this article this rating was based on 47 Google Review
4.2 out of 5 stars
This rating was form 241 reviews on the Facebook review platform
4.4 out of 5 stars
Out of 193 reviews, (83%) were 5 stars, (11%) were 4 stars, (1%) were 3 star (2%) were stars (3%) were 1 star reviews.
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The conclusions we have made in this article have been arrived at through discussion with the company, anonymous shopper inquiries, and other on and offline research.
We believe this company to be a trusted precious metal bullion, coin, and IRA investment firm.
Nearly all the products they offer are standard coins and bullion. In addition, their 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 of market evaluation has identified who we believe to be the top five companies for your gold and silver IRA and other precious metal investments,.
Account opening setup and funding with our top five gold and silver IRA companies is easier than with American Bullion and customers are better supported throughout the setup process.
American Bullion do sell Gold, Silver and precious metals IRAs, however when we reviewed them we do not rate them in our top five Gold IRA providers. Ou r Top three rated Gold IRA Providers were Augusta Precious Metals, Goldco and American Hartford Gold.
American Bullion is a gold and silver IRA company that allows individuals to add precious metal investments to their retirement portfolios for diversification purposes. They sell gold, silver, platinum, and palladium bullion coins and bars.
