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Did you recently come across American Bullion during your search for the best precious metals investment company? Are you wondering whether they are the right company to work with to set up a Gold IRA or add gold, silver, platinum, or palladium coins and bars to your personal investment portfolio? If so, you have come to the right place.
Today, we're going to take a close look at the company to help make this decision easier for you. We'll examine their business practices, the selection of precious metals that investors can choose from, and share other information that will help you decide whether American Bullion is right for you.
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About American Bullion
Orkan Ozkan and Nevtan Akcora founded American Gold Bullion in 2009. The pair wanted to help others grow their wealth by providing them with the opportunity to invest in precious metals. After studying the consistent growth of precious metals over thousands of years, Ozkan and Akcora felt confident that they were the right opportunity to present to investors.
When the company was started, there weren't that many investors who were taking advantage of Gold IRAs, even though the IRS had made Gold IRAs an option 12 years before American Bullion was founded.
The team at American Bullion is knowledgeable and experienced. They work hard to keep the investment process simple for their investors and will work with you each step of the way, whether you're purchasing coins and bars for a personal investment or completing a Gold IRA rollover.
American Bullion belongs to a number of gold-related organizations. Some of these include the Industry Council for Tangible Assets (ICTA) and the American Numismatic Association (ANA). They are also a registered dealer with the Royal Canadian Mint and United States Mint and an authorized dealer of the National Guaranty Corporation (NGC) and Professional Coin Grading Service (PCGS).
American Bullion is an accredited business with the Better Business Bureau. They have also earned an A rating from the BBB, along with numerous positive reviews of review sites, such as Trustpilot.
Opening a Precious Metals IRA
One of the primary services offered by American Bullion is helping their clients set up a Precious Metals IRA. As we mentioned early, they were one of the first companies to really help investors begin to take advantage of this opportunity.
With a Precious Metals IRA, you have the opportunity to diversify your portfolio by removing some of your investments from the stock market. When you're diversified, you're less likely to be as severely impacted when the market takes a major downturn.
Precious metals are also easy to liquidate and have remained valuable around the globe. This should provide reassurance that selling your metals when you're ready to retire should be easy.
If you already have a retirement account, it may be eligible for a Gold IRA rollover. Many types of retirement accounts, including employer-sponsored 401(k)s from a previous employer and both traditional and Roth IRAs are likely eligible, but you can reach out to American Bullion if you have any questions. Keep in mind that American Bullion has a minimum rollover amount of $10,000.
When you're ready to rollover your account, a representative from American Bullion will work closely with you. They'll help you with all the required paperwork and can help connect you with an IRA custodian to help with moving funds from your existing retirement account to your new Gold IRA.
Adding Precious Metals to Your IRA
After you've work with the IRA custodian company and the funds from your old account have arrived at American Bullion, you'll be ready to choose the precious metals you'd like to add to your account. Due to the regulations developed by the IRS, not all precious metals are eligible to be held in an IRA. Coins and bars must meet the minimum purity levels of 99.5% for gold, 99.9% for silver, and 99.95% for platinum and palladium.
When you choose to work with American Bullion, you can add gold, silver, platinum, or palladium coins to your new Precious Metals IRA. Even with the stringent regulations developed by the IRS, you'll still find that American Bullion offers a large selection of coins and bars for you to choose from.
The opportunity to add platinum and palladium to your retirement account is something else that sets American Bullion apart from many other precious metals providers. A lot of other companies out there only offer gold and silver coins and bars to their clients.
Below are some of the different IRA-approved precious metals that American Bullion offers its investors.
Precious Metals IRA Storage
In nearly all instances, the IRS does not allow individuals to act as the custodian for their own precious metals held in a retirement account. Rather, you are required to store your precious metals in an IRS-approved depository.
There are a number of different depositories across the country that have been approved by the IRS, but American Bullion chooses only to work with the Delaware Depository because of their stellar reputation and ability to keep precious metals secure.
The Delaware Depository is in Wilmington, Delaware. While not far from major cities along the East Coast, it is far enough away to not be threatened by the major financial and political centers of Washington, DC and New York City. Another benefit of the Delaware location is that the state isn't as severely impacted by natural disasters as others in the country.
The Delaware Depository is one of the most trusted names in the industry. It offers state-of-the-art security measures to protect the assets of investors. Access to the building is regulated and restricted, there are guards on-sight monitoring the property, along with off-site monitoring 24/7 as well.
Class 3 vaults, among the most secure, are found at the Delaware Depository to protect precious metals. Each of these vaults has time locks and will re-lock automatically. Additional security measures include controlled-access steel doors to limit entry to high-security areas, the 21-inch-thick steel walls that surround the vaults, and metal detectors throughout the facility to monitor movement between areas.
All precious metals stored in the Delaware Depository are protected by a $1 billion all-risk insurance policy. This insurance policy is underwritten by Lloyds of London, another highly respected name in the industry.
Purchasing Bullion as a Personal Investment
All of the IRA-approved coins and bars listed above are also available for direct purchase from American Bullion. Adding precious metals to a retirement account is a smart move, but you may also want to have some in your immediate possession. This will help you prepare for economic uncertainty and will provide you with a bit of a nest egg.
If you're interested in purchasing precious metals from American Bullion, contact a representative at the company. If you already know what you want to buy, they can help you complete the purchase. If you're not sure which metals are best for your specific goals, they can offer suggestions and work with you to make the best decisions.
Precious metals purchased from American Bullion are shipped through FedEx or the United States Postal Service. Orders are shipped via express mail to help them arrive at your door quickly.
When you place an order for gold, silver, platinum, or palladium bullion, you won't need to worry about your package getting lost or damaged in the mail. All orders ship with full insurance. The insurance remains in place until you sing for the package (or, in the case of IRAs, until the Delaware Depository signs for the package).
While shipping can vary, in most cases customers receive the precious metals they order from American Bullion within approximately seven business days.
Whether this is your first time thinking about investing in precious metals or you're a seasoned investor, you may find the various resources on American Bullion's website to be useful.
Visit the website and hover your mouse over the "Resources" tab, and you'll see a drop-down menu with other pages you can visit to learn more. Some of the different options including the benefits of investing in precious metals, information about the different type of IRAs, retirement guides, investment guides, and information about pension plans, thrift savings plans, and tax-sheltered annuities.
Free Gold Guide
Visitors to American Bullion's website can also request a free gold guide. First, enter your name, email, and phone number. Then, choose whether you're interested in purchasing physical gold, adding gold or silver to an IRA, or something else. After that, you will be able to download the free gold guide and start learning more right away about all the opportunities that are waiting for you.
Pros & Cons of American Bullion
When you're searching for the best precious metals investment company, it is essential to do your due diligence. Now that you've learned more about American Bullion, do you feel confident that they are the best company to trust with your money?
Do you see yourself working with them to set up a Gold IRA or make a personal purchase of gold, silver, platinum, or palladium? If so, then contact the company today to get the investment process started. If you still have questions about whether they are the best company for you, then it doesn't hurt to continue your search.
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Even if you aren't ready to invest right now, it would be smart to learn how you can use precious metals to get major tax advantages & retirement savings benefits so that you can plan for the future! And if you are ready to invest, you may as well get some free silver with your investment!