Silver Gold Bull Gold IRA Review | A Comprehensive Analysis

If you’re hunting for a stable investment that can shield your retirement portfolio from the pitfalls of an unpredictable economy, a gold IRA could be just what you’re looking for. But with so many gold IRA companies out there, it’s tough to know which one you should pick.

The Silver Gold Bull Gold IRA is well worth a look. Located in Las Vegas, Nevada, Silver Gold Bull has been around for more than 17 years and has a solid track record with precious metals investors.

Below, we’ve reviewed Silver Gold Bull’s precious metal IRA offerings, storage solutions, and customer service to help you decide whether this company is worth your time.

Is Silver Gold Bull a Trusted Company?

When investing your hard-earned money, you want to go with an IRA company that’s trustworthy, responsible, and easy to work with. Silver Gold Bull has an A+ rating from the Better Business Bureau, which is far higher than the rating of many other IRA companies like it.

Customer Reviews

Silver Gold Bull has one of the highest customer satisfaction ratings out of any precious metal IRA company. It boasts an overall four-star customer rating on the BBB website and an impressive 4.8 stars on Trustpilot.

Check out what some of these customers have to say about Silver Gold Bull:

“I can find coins here at rock-bottom prices. Would never buy from anywhere else.”
“The site is easy to navigate, and the gold/silver price ticker on the site is a nice feature when deciding to purchase.”
“I’d put off ordering gold and silver because I didn’t know where to start, but your staff was so helpful and answered all my questions.”

How Does Their Precious Metal IRA Work?

The process of opening a precious metal IRA with Silver Gold Bull is fairly simple. As is the norm with other precious metal IRA sites, you can’t open an account yourself. First, you’ll need to fill out a form and wait for someone from Silver Gold Bull to contact you.

Once that happens, a rep will chat with you about what you’re looking for and help you choose metals that make sense for your portfolio.

Next, it’s time to pick which precious metals you want for your IRA. Not all coins and bars in the catalog are IRA-eligible, but a rep can help you find products suitable for IRAs.

Once you’ve found the products you want, simply call your rep to arrange the purchase. Your rep will then coordinate delivery and storage with one of several vaults located across the U.S.

What Precious Metals Do They Offer?

Silver Gold Bull offers plenty of gold, silver, and platinum products for your IRA. Its catalog is well organized, which makes it a breeze to find the products you want.

Some of its hottest gold products are:

American Gold Eagle
Chinese Gold Panda
Canadian Gold Maple Leaf
Australian Gold Kangaroo

If you’re interested in silver, you’ll find plenty of coins and bars to pick from, such as:

Silver Philharmonic
Silver America the Beautiful
Mexican Silver Libertad
Perth Mint silver coins

Its platinum selection is a little smaller than its gold and silver offerings but larger than that of some other sites. The platinum catalog includes:

Nile Crocodile
Saint Helena The Queen’s Virtues
Queen Elizabeth II Platinum
Australian Lunar Series III

Unlike many similar sites, Silver Gold Bull also sells copper coins, such as the Saint Gaudens Copper Round, the Buffalo Nickel Copper Round, and 10-pound copper bars. However, keep in mind that copper products may not be eligible for an IRA.

Do They Have Their Own Storage?

The IRS says you can’t hold IRA-purchased precious metals at home, which means you’ll have to store those items in an approved facility such as a depository or bank. Silver Gold Bull offers several vaults located around the country that are suitable for storing precious metals held in an IRA. If you’d like to store your metals outside the U.S., it also has vaults in Canada and Singapore.

All precious metals are safely stored in Brink’s vaults, which are protected by 24/7 surveillance and armed security. Lloyd’s of London fully insures your precious metals against loss, theft, and damage for added peace of mind.

You’ll pay a storage fee of 1% of the value of your precious metals per year. For instance, if you hold $10,000 worth of gold, you’d pay a storage fee of $100 annually. However, Silver Gold Bull may waive the storage fee for up to three years if you invest over a certain amount.

Do They Offer Buyback Services?

Silver Gold Bull offers a competitive buyback program if you decide to sell your precious metals. The company accepts all types of bullion and pays within one business day of authenticating your coins or bars.

Here’s how the program works:

Call Silver Gold Bull to get a quote for your precious metals. The company will lock in your rate and send you a prepaid shipping label to use.
Ship your metals to Silver Gold Bull. All shipments are fully insured with tracking and opened under camera surveillance.
Once Silver Gold Bull authenticates your metals, they’ll deposit the funds into your account in one day.

Do They Ship to Other Countries?

If you’d like to ship your precious metals somewhere other than the U.S., you’re in luck. Silver Gold Bull ships to many other countries, including:

Germany
United Kingdom
Canada
Sweden
Norway
Japan
Singapore

How’s Their Customer Support?

Silver Gold Bull is unmatched when it comes to customer support. It’s a snap to reach the company by email at any time or by phone during business hours.

Customers say the company’s support agents were very helpful to them as new precious metals investors. Many praise the agents for being patient with them and willing to answer all their questions.

If you’d rather not talk to a real person, Silver Gold Bull also has a detailed FAQ section addressing common concerns about IRAs, shipping, payment, and taxes.

Pros and Cons of Silver Gold Bull

A Silver Gold Bull gold IRA is a good pick for new and experienced investors alike. The pros of Silver Gold Bull include:

Tracking and insurance on every order
Strong catalog of gold, silver, and platinum bullion
Copper and collectible coins for sale
Deal Zone with discounted precious metals
Accepts cryptocurrency
Competitive buyback program with fair prices and fast payment
Good educational resources

Like all gold IRA companies, though, this one does have a couple of drawbacks to consider:

Shipping costs can be high, depending on the size of your order
Live customer support is only available during business hours

Is Silver Gold Bull Right for You?

If you’re looking for a reputable precious metals company, the Silver Gold Bull gold IRA could be a match made in heaven. The company has a strong track record, five-star customer service, and a huge catalog of metals to satisfy nearly any investor. Pricing is fair, and thanks to its secure storage, you won’t have to worry about damage or theft.

Still not sure whether Silver Gold Bull will work for you? Just answer six questions, and we’ll help you find the best IRA partner for you.

Frequently Asked Questions

Is gold a good investment IRA option?

If you are looking for a way to save money, gold is a great investment. It is also an excellent way to diversify you portfolio. But there is more to gold than meets the eye.

It's been used as a form of payment throughout history. It's sometimes called “the world's oldest money”.

But gold, unlike paper currency, which is created by governments, is mined out from the ground. This makes it highly valuable as it is hard and rare to produce.

The supply and demand for gold determine the price of gold. When the economy is strong, people tend to spend more money, which means fewer people mine gold. The result is that gold's value increases.

On the flip side, when the economy slows down, people hoard cash instead of spending it. This causes more gold to be produced, which lowers its value.

This is why it makes sense to invest in gold for individuals and companies. If you have gold to invest, you will reap the rewards when the economy expands.

Also, your investments will earn you interest which can help increase your wealth. Plus, you won't lose money if the value of gold drops.

What precious metals do you have that you can invest in for your retirement?

It is gold and silver that are the best precious metal investment. Both are easy to sell and can be bought easily. They are a great way to diversify your portfolio.

Gold: One of the oldest forms of currency, gold, is one of mankind's most valuable. It is stable and very secure. It's a great way to protect wealth in times of uncertainty.

Silver: Investors have always loved silver. It's an ideal choice for those who prefer to avoid volatility. Unlike gold, silver tends to go up instead of down.

Platinum: A new form of precious metal, platinum is growing in popularity. It's resistant to corrosion and durable, similar to gold and silver. However, it's much more expensive than either of its counterparts.

Rhodium: Rhodium can be used in catalytic convertors. It is also used for jewelry making. It's also relatively inexpensive compared to other precious metals.

Palladium – Palladium is an alternative to platinum that's more common but less scarce. It is also cheaper. It is a preferred choice among investors who are looking to add precious materials to their portfolios.

How much are gold IRA fees?

A monthly fee of $6 for an Individual Retirement Account is charged. This fee includes account maintenance fees as well as any investment costs related to your selected investments.

If you wish to diversify your portfolio, you may need to pay additional fees. The type of IRA you choose will determine the fees. Some companies offer free check accounts, but charge monthly fee for IRA accounts.

Most providers also charge an annual management fee. These fees are usually between 0% and 1%. The average rate is.25% each year. These rates are often waived if a broker like TD Ameritrade is used.

Statistics

If you accidentally make an improper transaction, the IRS will disallow it and count it as a withdrawal, so you would owe income tax on the item's value and, if you are younger than 59 ½, an additional 10% early withdrawal penalty. (forbes.com)
Indeed, several financial advisers interviewed for this article suggest you invest 5 to 15 percent of your portfolio in gold, just in case. (aarp.org)
If you take distributions before hitting 59.5, you'll owe a 10% penalty on the amount withdrawn. (lendedu.com)
Instead, the economy improved, stocks rebounded, and gold plunged, losing 28 percent of its value in 2013. (aarp.org)
(Basically, if your GDP grows by 2%, you need miners to dig 2% more gold out of the ground every year to keep prices steady.) (smartasset.com)

External Links

How To

The growing trend of gold IRAs

As investors look for ways to diversify their portfolios and protect themselves against inflation, the gold IRA trend is on the rise.

Gold IRA owners can now invest in physical gold bullion or bars. It can be used for tax-free growth and provides an alternative investment option for those concerned about stocks and bonds.

Investors can have confidence in their investments and avoid market volatility with a gold IRA. Investors can protect themselves from inflation and other possible problems by using the gold IRA.

Investors also have the benefit of physical gold, which has unique properties such durability, portability and divisibility.

The gold IRA also offers many other benefits, such as the ability to quickly transfer the ownership of the gold to heirs, and the fact the IRS doesn't consider gold a currency.

This means that investors who are looking for financial safety and security are becoming more interested in the gold IRA.

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By: Learn About Gold
Title: Silver Gold Bull Gold IRA Review | A Comprehensive Analysis
Sourced From: learnaboutgold.com/blog/silver-gold-bull-gold-ira/?utm_source=rss&utm_medium=rss&utm_campaign=silver-gold-bull-gold-ira
Published Date: Fri, 25 Aug 2023 14:38:14 +0000

Silver Gold Bull Gold IRA Review | A Comprehensive Analysis