American Bullion Review: Is it a Good Gold IRA Company?

American Bullion offers IRS-approved precious metallic IRA accounts. To learn more about American Bullion and its retirement products, take a look at the American Bullion Review.

American Bullion
Services: Precious Metals IRA, Buy and Sell Bullion
Minimum Investment: $50,000
Fees: $75-$290/yr (custodian fees)

  • Been in business for over 10 years
  • 1,000 Trustpilot reviews of 5-star customers
  • Industry: Competitive Fees
  • Excellent customer service

  • No online purchase available
  • $50,00 minimum IRAs
Promotion: No current promotions

American Bullion is unique because it offers a simple path to opening an IRS-approved precious metal IRA.

We'll be reviewing American Bullion's products and helping you decide if they're a good fit for your investment goals.

Are you still confused by the IRS rules regarding gold IRAs? Do you have trouble finding reliable companies that will help you invest in precious metals

It is possible to diversify your portfolio by adding precious metals such as gold, silver, or other metals. This can help you mitigate risks and increase your risk-reward ratio. Many investors have difficulty finding the right custodian.

Here are some reasons why American Bullion might be a good option.

What is American Bullion? website

American Bullion, Inc., a U.S-based precious metal dealer, and investment company, is located in the United States. This company was founded in 2009 and quickly became a leader in gold IRA rollover markets.

Orkan Ozkan, the founder and CEO, and Nevtan Akcora, co-founder and president have extensive experience as commodity brokers.

Their goal is to make precious metals investing transparent and easily accessible for everyone.

American Bullion facilitates the purchase of silver coins and gold bullion. This allows investors to diversify their portfolios and create an inflation hedge.

American Bullion Services

The 1997 Taxpayer Relief Act opened up the possibility to invest in physical precious metals in retirement portfolios.

The IRS has strict rules regarding gold and silver bars and coins that investors can choose from as well as how they are stored.

American Bullion offers individual retirement plans that meet IRS storage requirements.

Gold IRA

American Bullion's Gold IRA Product is a retirement account that allows you to directly invest in gold bullion and coins.

Although technically this account can be self-directed, you will get assistance from precious metal specialists to help with the purchase and storage of physical assets.

American Bullion lets you invest in IRA-approved bullion coins. This includes the American Eagle, Canadian Maple Leaf and Australian Kangaroo.

Although it is difficult to predict the future, past performance was remarkable. While prices have fluctuated in the last three years, gold saw a 24% increase in its value in 2020.

American Bullion purchases coins for you through its network precious metal dealers. This network guarantees that you will receive gold at spot prices or better.

The Delaware Depository is an IRS-approved facility that stores physical gold for your IRA account. It also safely stores proof coins.

Silver IRA

American Bullion also offers other types of precious metals IRAs. You may also be interested in an accredited silver IRA if you feel that American Bullion's Gold IRA account is not a good fit for you investment goals.

Because silver is less expensive than gold, it's worth looking into. This commodity also gives you access to the industrial market.

American Bullion, just like its gold IRA product meets all the IRS requirements for storing silver coins.

The company will buy coins and bullion for you and assist with the transfer of an existing retirement account.

American Bullion Fees & Minimum Investment

Precious Metals IRA Transactions

Set-up fee $50
Maintenance Fee $95 per annum
Storage Fee $150 per annum
Minimum Investment $50,000

Non-IRA Transactions

Storage Fee $150 per annum
Minimum Investment N/A

Who should use American Bullion?

It is smart to gain exposure to precious metals. There are few investment options that give you direct exposure, and it can be difficult to invest in the commodity market due to high volatility.

American Bullion is a great way for investors to hedge their portfolios with tangible assets.

This company is an excellent fit for anyone looking for an easy and accessible method to invest in gold, palladium, platinum, or silver.

American Bullion's storage, annual and initial setup charges are affordable and worth looking into even if you only want to invest small amounts in precious metals.

This company makes it easy to open a qualified precious metal IRA, or roll over an existing retirement account. American Bullion is able to help you diversify your portfolio if you already have a 401(k).

If you are looking to buy precious metals from outside your retirement account, American Bullion might be a good option.

How does American Bullion compare?

American Bullion

Minimum Investment:

Minimum Investment:

Minimum Investment:

$75-$290/yr (custodian fees)



No current promotions

Get up to $10,000 in free silver with a qualified account

No fees (depending upon the investment amount)
American Bullion

Minimum Investment:

$75-$290/yr (custodian fees)

No current promotions

Minimum Investment:


Get up to $10,000 in free silver with a qualified account

Minimum Investment:


No fees (depending upon the investment amount)

Get Started With American Bullion

American Bullion is different from other gold IRA companies because it offers a simple setup process. Here's how to get started.

  1. To receive a complimentary guide for gold buyers, fill out the online form.
  2. Before you decide if precious metals investing is right for your needs, read this guide.
  3. An IRA specialist will contact you after you submit American Bullion's online form. Ask questions, get answers and a better understanding of the relationship between precious metals and your investment goals.
  4. You'll be provided with some forms to fill out if you choose to open an IRA at American Bullion.
  5. You can then fund your retirement account with a wire transfer.
  6. American Bullion will purchase precious metals for you and keep the bullion or coins in a safe place.
  7. You will receive regular updates about your assets, including performance and reports.

American Bullion Reviews

American Bullion's team is extremely knowledgeable about buying gold. They were very polite and answered all my questions. We are grateful.

Sammy C., Verified Google Customer

It is refreshing and encouraging to work for a company that I can trust and that has my best interests at heart in these difficult economic times. The process of selling precious metals was made as fast and easy as possible by American Bullion. American Bullion, thank you for your expertise and help.

Douglas Y., Verified Trustpilot Customer

Should I Invest in American Bullion?

We reviewed several gold IRA companies to help us evaluate American Bullion. This company is recommended because of its simple and clear process for opening a new account, or rolling over an existing retirement account.

American Bullion has few negative reviews on the Better Business Bureau site for this company. However, TrustPilot and TrustLink have many great customer reviews.

Do you feel American Bullion could be a good match to your retirement goals after reading our American Bullion Review? Fill out their online application.

FAQs about American Bullion

Continue reading to learn about investing in precious metals and American Bullion.

American Bullion is a good company.

American Bullion is an investment and precious metals dealer with a positive record.

Trust this IRA provider because of the extensive experience the founders have in the commodity market, as well as the positive reviews left by customers.

Who is the owner of American Bullion

Owners are also Nevtan Akcora, and Orkan Ozkan.

Are there any pending lawsuits against American Bullion?

Two complaints have been resolved by the BBB. American Bullion was also accused of failing to register with the Minnesota Department of Commerce.

What is American Bullion’s address?

American Bullion is located at 2301 Wilshire Blvd #305 in Los Angeles, California


span style="color": rgb (0, 0, 0 Goldco) is a leader within the precious metals sector with more than a decade of experience in helping customers to protect their retirement savings.

You earn a commission when you invest.

Frequently Asked Questions

What are some of the benefits of a gold IRA

It is best to put your retirement money in an Individual Retirement Account (IRA). It is tax-deferred until it's withdrawn. You can decide how much money you withdraw each year. And there are many different types of IRAs. Some are better for those who want to save money for college. Others are intended for investors seeking higher returns. Roth IRAs are a way for individuals to make contributions after the age of 59 1/2, and then pay taxes on any earnings upon retirement. But once they start withdrawing funds, those earnings aren't taxed again. This account is a good option if you plan to retire early.

Because it allows you money to be invested in multiple asset classes, a ‘gold IRA' is similar to any other IRAs. Unlike a regular IRA which requires taxes to be paid on gains as you wait to withdraw them, a IRA with gold allows you to invest in multiple asset classes. People who want to invest their money rather than spend it make gold IRA accounts a great option.

An additional benefit to owning gold through an IRA, is the ease of automatic withdrawals. This means that you don't need to worry about making monthly deposits. To make sure you don't miss any payments, you can also set up direct deductions.

Finally, gold remains one of the best investment options today. It is not tied to any country so its value tends stay steady. Even in economic turmoil, gold prices tends to remain relatively stable. As a result, it's often considered a good choice when protecting your savings from inflation.

What is the Performance of Gold as an Investment?

Gold's price fluctuates depending on the supply and demand. Interest rates are also a factor.

Due to the limited supply of gold, prices for gold are highly volatile. Physical gold is not always in stock.

How much money should my Roth IRA be funded?

Roth IRAs let you save tax on retirement by allowing you to deposit your own money. You can't withdraw money from these accounts before you reach the age of 59 1/2. If you decide to withdraw some of your contributions, you will need to follow certain rules. First, your principal (the original deposit amount) cannot be touched. This means that regardless of how much you contribute to an account, you cannot take out any more than you initially contributed. If you take out more than the initial contribution, you must pay tax.

You cannot withhold your earnings from income taxes. Also, taxes will be due on any earnings you take. Let's assume that you contribute $5,000 each year to your Roth IRA. Let's also assume that you make $10,000 per year from your Roth IRA contributions. On the earnings, you would be responsible for $3,500 federal income taxes. The remaining $6,500 is yours. Because you can only withdraw what you have initially contributed, this is all you can take out.

If you took $4,000 from your earnings, you would still owe taxes for the $1,500 remaining. Additionally, half of your earnings would be lost because they will be taxed at 50% (half the 40%). So even though your Roth IRA ended up having $7,000, you only got $4,000.

There are two types if Roth IRAs, Roth and Traditional. A traditional IRA allows for you to deduct pretax contributions of your taxable income. You can withdraw your contributions plus interest from your traditional IRA when you retire. There is no limit on how much you can withdraw from a traditional IRA.

Roth IRAs don't allow you deduct contributions. However, once you retire, you can withdraw your entire contribution plus accrued interest. There is no minimum withdrawal limit, unlike traditional IRAs. You don't have to wait until you turn 70 1/2 years old before withdrawing your contribution.

How much should precious metals make up your portfolio?

First, let's define precious metals to answer the question. Precious metals refer to elements with a very high value relative other commodities. This makes them extremely valuable for trading and investing. Gold is today the most popular precious metal.

There are also many other precious metals such as platinum and silver. While gold's price fluctuates during economic turmoil, it tends to remain relatively stable. It also remains relatively unaffected by inflation and deflation.

In general, all precious metals have a tendency to go up with the market. They do not always move in the same direction. For instance, gold's price will rise when the economy is weak, while precious metals prices will fall. Investors expect lower interest rates which makes bonds less appealing investments.

Contrary to this, when the economy performs well, the opposite happens. Investors choose safe assets such Treasury Bonds over precious metals. They are more rare, so they become more expensive and less valuable.

To maximize your profits when investing in precious metals, diversify across different precious metals. You should also diversify because precious metal prices can fluctuate and it is better to invest in multiple types of precious metals than in one.

Can I buy Gold with my Self-Directed IRA?

However, gold can only be purchased with your self-directed IRA. To do so, you must first open a brokerage account at TD Ameritrade. If you already have a retirement account, funds can be transferred to it.

The IRS allows individuals to contribute as high as $5,500 ($6,500 if they are married and jointly) to a traditional IRA. Individuals are allowed to contribute $1,000 each ($2,000 if married or filing jointly) to a Roth IRA.

If you do decide you want to invest your money in gold, you should look into purchasing physical bullion instead of futures contracts. Futures contracts are financial instruments based on the price of gold. They let you speculate on future price without having to own the metal. However, physical bullion is real gold or silver bars you can hold in your hands.

What is the tax on gold in an IRA

The tax on the sale of gold is based on its fair market value when sold. You don't pay taxes when you buy gold. It is not income. If you decide to sell it later, there will be a taxable gain if its price rises.

You can use gold as collateral to secure loans. Lenders try to maximize the return on loans that you take against your assets. In the case of gold, this usually means selling it. However, there is no guarantee that the lender would do this. They may hold on to it. Or they might decide to resell it themselves. Either way you will lose potential profit.

To avoid losing money, only lend against gold if you intend to use it for collateral. Otherwise, it's better to leave it alone.


  • Gold is considered a collectible, and profits from a sale are taxed at a maximum rate of 28 percent. (
  • This is a 15% margin that has shown no stable direction of growth but fluctuates seemingly at random. (
  • If you take distributions before hitting 59.5, you'll owe a 10% penalty on the amount withdrawn. (
  • You can only purchase gold bars at least 99.5% purity. (
  • Contribution limits$6,000 (49 and under) $7,000 (50 and up)$6,000 (49 and under) $7,000 (50 and up)$58,000 or 25% of your annual compensation (whichever is smaller) (

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The History of Gold as an Asset

Gold was a currency from ancient times until the early 20th century. It was popular because of its purity, divisibility. uniformity. scarcity and beauty. Due to its value, it was also internationally traded. Because there were no internationally recognized standards for measuring and weighing gold, the different weights of this metal could be used worldwide. For example, one pound sterling in England equals 24 carats; one livre tournois equals 25 carats; one mark equals 28 carats; and so on.

In the 1860s, the United States began to issue American coins made from 90% copper, 10% Zinc, and 0.942 Fine Gold. This resulted in a decline of foreign currency demand and an increase in the price. This was when the United States started minting large quantities of gold coins. The result? Gold prices began to fall. The U.S. government was unable to pay its debts due to too much money being in circulation. They decided to sell some excess gold to Europe in order to do this.

Many European countries began accepting gold in exchange for the dollar because they did not trust it. Many European countries began to use paper money and stopped accepting gold as payment after World War I. The gold price has gone up significantly in the years since. Although the price of gold fluctuates today, it remains one of your most safe investments.

By: Donny Gamble
Title: American Bullion Review: Is it a Good Gold IRA Company?
Sourced From:
Published Date: Tue, 03 Jan 2023 12:16:51 +0000

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