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When it comes to investing in precious metals, you want to work with the right company. There are hundreds of online precious metals dealers. Dozens of those offer gold IRA services. But how are you meant to choose?
RC Bullion has been operating out of California since 2013. This small company has a website full of educational resources and articles. They have also been highly praised on third party review sites like Trustlink. But are their services actually good? What should you know prior to getting started?
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About RC Bullion
RC Bullion is an online precious metals dealer based out of Los Angeles. Their main focus is on precious metals IRAs. They help you acquire approved precious metals for your retirement account, and they also assist with the account setup process. By working with their partnered custodian, they help you manage and maintain your IRA in the future.
The goal of the company is to help people convert their existing retirement funds into gold, silver, palladium, and platinum. You can transfer funds into a self-directed IRA and buy precious metals without incurring any tax penalties. You just need to fill out some paperwork, which the team helps with.
Even if you aren't investing for retirement, RC Bullion still offers services to you. You can have precious metals shipped directly to your door, to a safety deposit box, or to a storage facility of your choice. Just keep in mind that with retirement accounts, you must store the funds in an approved precious metals depository.
Another focus is on acquiring bullion that will become scarce and collectible. Though collectible items come with more risks, they also have more potential for growth. Investing in collectibles is something that some coin enthusiasts do because they truly have a passion for rare items.
The company has a dedicated IRA Department that helps people with the setup and ongoing maintenance of their IRAs. Though their inventory is somewhat limited, they have all four types of precious metals in both bar and coin form.
Quite a few educational resources are available through the company website. Like many of the top precious metals dealers on the market, RC Bullion seems to stay on top of the market. They want people to make informed decisions about the bullion they buy.
There's a blog that updates frequently with thoughts about the global economy and precious metals market. This can give you casual insights into current events and other things you should know.
Then there's an entire section of the website just devoted to gold and silver investment resources. You can browse topics by:
Each of these sections walks you through everything you need to know about precious metals IRAs before making a purchase. They even break down the different eligible items and how to choose the right ones for your specific account.
Finally, there's a free gold investment guide available for download. All you need to provide is a name, email address, and phone number. This investment guide will teach you all the basics of the precious metals industry, as well as how gold interacts with the economy.
There is a team of IRA experts that works within the company itself. You can also start the account setup process with the application right on their website. Someone can walk you through the application over the phone if you find it too overwhelming.
In order to hold precious metals in a retirement account, you need a self-directed IRA. This is an IRA in which you choose all of the assets, rather than an investment manager allocating your funds for you. You can also store alternative assets like real estate and cryptocurrency in this account.
Precious metals must be stored in an IRS-approved depository. They must also be compliant with strict IRS regulations regarding purity and authenticity. For example, only certain coins from sovereign mints around the world are approved for holding.
RC Bullion states that they work with the Delaware Depository. As the name implies, this depository is located in the state of Delaware. It is subject to the tax advantages that Delaware has. Every vault is also fully insured for the value of the precious metals, so you're protected in case anything ever goes wrong.
RC Bullion's main custodial partner is Strata Trust. Strata Trust will act as your account custodian, meaning that they put your items in the vault and maintain your holdings. All of your account information will be kept with your Strata custodian.
Some precious metals IRA companies have several partnered custodians. This gives you a little more flexibility, since you can choose whichever has a fee schedule that better suits your needs. But Strata Trust has a good reputation, and it makes sense for RC Bullion to work with them.
Once you open and fund your account, you can buy precious metals from RC Bullion. These metals will then be shipped to the Delaware Depository. They will be stored in your vault with full documentation that they belong to you.
RC Bullion has a variety of popular products available to buy. Most are eligible to hold in an IRA. You can browse IRA-approved coins in the IRA-specific section of the website, which makes it easier to put together an order.
RC Bullion unfortunately doesn't publish their pricing information online. So you have to call to get a price quote if you're interested in making a purchase. It's always important to check the spot price of your item and make sure that you're getting the fairest price at the time.
IRA Approved Coins
Right now, there are gold, silver, and platinum coins available to put in your IRA. All of these come from sovereign mints.
The silver coins available are:
Meanwhile, the gold coins available are:
The platinum coins available are:
Again, this selection is relatively limited. There are other companies that have selections available from many more sovereign mints at a time. But American Eagle coins are a very popular choice for your gold IRA because they tend to maintain their value well over time.
RC Bullion also has some coins available that are not eligible to put into an IRA. This means that you'd have to purchase them as a personal investment. Some of them might become more rare in the future, making them collectible.
These premium coins include:
Again, this selection is fairly limited. So if you have specific collectible coins that you're looking for, you might be better off working with a shop that deals more in numismatic rarities. But these are some of the most popular choices for casual coin collectors who want to own historic and international currency.
Is RC Bullion a Scam?
RC Bullion is not a scam. The company has been in business for nearly a decade. It has an accreditation with the Better Business Bureau, indicating that it provides the services it claims to. In addition, the BBB gives the company an A+ rating, indicating that they have ideal customer service.
But it is somewhat hard to find feedback from past customers online. There are no official complaints or customer reviews on the BBB website. Trustpilot also doesn't appear to have many reviews. There are about 150 reviews on Trustlink, though, the vast majority of which give RC Bullion a positive score.
Customers consistently praise the customer service representatives by name. They also say that the staff are patient, knowledgeable, and helpful. In addition, customers felt respected when they made purchases. The deliveries have also been praised for how quick they are.
Pros & Cons of RC Bullion
RC Bullion is a perfectly acceptable company. There are no glaring red flags, and there are many positive customer reviews to indicate good experiences. The only potential red flag is that there isn't much information about the management or ownership online. However, many Trustlink reviews praise customer service representatives by name.
RC Bullion's in-house IRA services are convenient. They do outcompete many of the less streamlined competitors. You can access the IRA application online, and someone can help you do it over the phone if you wish. When you make a purchase, your items will be shipped to the Delaware Depository for you.
It seems like the staff at RC Bullion do most of the communication with your custodian for you. However, they still aren't quite as streamlined as some of the competition. In addition, they only seem to work with one custodian regularly. So if you wanted to have a choice of different custodians, you're best off working with a different dealer.
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