Bank overdraft fee Hit the youngest hardest, Pew Says

Younger teenagers are among the most affected by bank tax, said a new Trust Pew Charitable report that was released on Wednesday.

More than a third of “heavy” users – those who pay $ 100 or more in one-year banking rates to overstate their bank accounts – are in their late years until the early 1930s, found Pew.

One reason why younger consumers may be most affected is that they are more likely to use debit cards and charges are the majority of transactions involving bargaining fees, said Joy Hackenbracht, research researcher at Pew.

“Frequent discoveries are a financial burden,” he said.

Many banks allow customers to overload their control accounts when they do not have enough money to cover a purchase, but then charge a commission – typically $ 35 – known as an overdraft commission.

A small percentage of customers pay most overdrafts, find Pew and pay more than three such commissions per year. The typical amount of debit transactions involving an overdraft fee is $ 24.

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These customers essentially use the discovery option not only as occasional courtesy, but as an expensive form of short-term credit, found Pew. It is also a more risky credit, Pew explains, as unlike other loans, banks need not check whether a consumer has the financial capacity to repay the debt and that consumers do not have to have a reasonable time to repay it.

Although some consumers consciously use overdrafts as a form of credit, the practice should come with protections that go with other types of loans, said Susan K. Weinstock, banking banking director at Pew.

For example, he said, banks should disclose the actual effective percentage of the protection of discovery, which may be quite high.

The results stem from a Pew-commissioned telephone survey of 304 heavy expiration users by 2014. (Social Science Research has examined more than 8,400 people to find participants.) Sampling error margin is greater than or less than 7 percentage points.

In 2015, 628 major banks, which are required to report overdrafts and insufficient funds fees, said spending was $ 11.16 billion in revenue, or almost two-thirds of all revenue from reporting banks from consumer accounts .

Younger consumers, including college campuses, may be more vulnerable to tax havens, because many run their own finance for the first time, “said Christine Lindstrom, director of the Higher Education Public interests of the United States, an advocacy organization.

University students often open new accounts to receive their “redeem” help – the money left after the institution holds taxes and other costs – and can be stuck when the accounts charge the bills of exchange, he said.

Colleges often hire outsourced companies to distribute financial aid to students and companies promote their debit cards as a convenient way for students to receive money.

The Department of Education adopted last year the rules prohibiting the collection of the expense on the accounts used for student aid. The rules will come into force in July, so they will be in effect for the academic year that begins in the fall.

The rules, however, do not apply to other campus affiliated bank accounts that are not directly involved in the distribution of student financial aid. Students should shop for banking services, rather than just using those promoted by their schools, said Deborah Goldstein, executive vice president at the Center for Responsible Loan.

“There may be better available accounts,” he said.

The Office for the Protection of Consumers has examined banking discovery practices. Pew’s report invites the agency to adopt rules to ensure that outbound programs are used for “infrequent and accidental” events.

Pew’s suggestions include a requirement that sanctions be proportionate to the amount that caused the overdraft or bank costs to cover the transaction. Pew also suggested limiting the number of overdraft fees to six small fees per year; All hat fees should be covered by rules governing other types of credit.

Investors are looking for a solid base after market recovery

Investors are looking for a solid base after market recovery

In the first quarter, stocks quickly went down, collapsed into the abyss, and escalated from the beginning to a modest end where they started. As traders first concluded that economic and business conditions were deeply depressed, and then, with the same certainty, conditions were much better than they had hoped for.

Investors are looking for a solid base after market recovery

Standard & Poor’s 500 Index ended the quarter with a 0.8 percent gain after falling more than 10 percent. The benchmark index ended March at 2,059.74.

In this quarter there are also two halves for other assets, often resulting in investors even hike. The Russell 2000 index of smaller holdings, down 16% at one point, ended down 1.7%; Emerging market shares lost almost before closing nearly 7%; Crude oil fell by about 30%, then regained the entire deficit and more to finish 3 percent.

The investment advisers give convincing cases that the stock will trade as they did in the first quarter – either the first or the second, which may be both. Similarly, they argue that oil, emerging markets and other dead cats may have been for a second life or just bouncing. It is difficult to know what to prepare, because while psychology clearly changed in February, the economic indicators and prospects for the company’s results remained murky.

Mark Freeman, chief investment officer at Westwood Holdings, said: “The market is trying to find the fundamentals.” That will continue to grow throughout the year. The market is having difficulties with profit outlook. Until we better understand this issue, we will have time to market leaks. “

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What is clear about the income prospects is that it has gotten steadily worse. By the end of 2014, companies in S. & P. According to FactSet, a company that translates business and market data, 500 analysts are expected to earn $ 140.87 per share. Estimated decline in each subsequent quarter, reaching $ 120.34 by the end of March.

Even if income seems to be good, they may not really be so great. James Wilhelm, director of the Touchstone Focused Fund, said that as companies beat forecasts, it was generally through smart accountants who compared hand rather than business improvement.

He said: “Income is earned through acquisitions and lower taxes.” That is not the way to beat expectations. “

Stock acquisition increases earnings per share by dividing margins to a smaller number. There may be no real income.

However, as earnings expectations continue to be cut, stock prices will become more expensive, even when the market goes down. S & P. 500 ended the first quarter with earnings in 2016 about 17 times. With high appreciation and difficult profit growth, Wilhelm said, “We are quite cautious with the market.”

“There is not any safety for any bad news,” he warns.

“You have to have everything active” to make the market worthy of its current valuation, he says, “but that is not what is happening. Revenue growth is also not, relative to expectations. “

Richard Turnill, BlackRock’s global investment strategist, is more optimistic. He said there was much bad news for investors when thinking about the global economic downturn, he recalled, including the weakening of energy and industrial metals that reduced stock and stock depression. The votes of companies in those niches and fears that the global recession is likely to happen.

The downward move has highlighted the biggest declines in assets, including value stocks, emerging markets and commodities. That shows a steady attitude of convincing Turnill that the rally will continue.

“In the past six weeks, we have had a V-shaped recovery in risky assets along with a change in market leadership, indicating that the economy and markets have entered “A sweet spot where good growth and fear of recession have subsided, but there is no concrete evidence of inflation.”

The highway at the end of the first quarter helped local equity funds track Morningstar to erase most of their losses before that, but not all. They decreased by 0.1%, dropped 13.7% in the healthcare portfolio, 5.9% in the financial sector funds, 4.1% in the growth of the small company and 2.9% in the technology sector. .

Financial support funds jumped to 11.4%. The natural resource portfolio grew by 6.1%, and specialists in precious metal mineral reserves increased 38.9%.

The bond fund is solidly united. Average tariff increased by 2.1%. High-margin funds increased by 2% and the city’s funds by 0.6%.

Rich people ask themselves: What must we lose?

Rich people ask themselves What must we lose

Even before Donald J. Trump defied the odds and was elected the 45th president of the United States, wealthy investors were feeling uneasy about the level of uncertainty in the global economy.

While some people are optimistic that a Trump administration could mean tax breaks, less business regulation and other benefits to the wealthy — and even the stock market eventually rose on the news — the truth is, no one knows for sure what the next months or years will bring.

Rich people ask themselves What must we lose

Michael W. Sonnenfeldt, a New Yorker who made a fortune in real estate and banking, captured the level of uncertainty lately among the world’s wealthiest investors:

“I can’t compare this time to World War II,” he said. “But the combination of potential interest rate shocks and a China implosion and the geopolitical situations with Russia, China, Iran, the Middle East, ISIS, and the difficult political situation in the U.S. with the most challenging, strangest presidential election we’ve had in our lifetime — it all adds up to many generic concerns.”

His list of woes has been common among wealthy investors in the United States. Tony Roth, the chief investment officer at the Wilmington Trust Corporation, has begun to include models for how much a client can lose in the firm’s new investment pitches.

“What we’ve done is put a new emphasis on risk, which is what we call ‘drawdown exposure,’” Mr. Roth said. “It’s not volatility. It’s, if we have an event, how much could you lose?”

He said many clients had been cautious for several years, when markets performed well and they missed out. Now they want to take on more risk to increase their returns, yet they fear having another loss as in 2008.

“Clients are saying, ‘We have goals and we may need to take more risk — what does that mean to me?’” Mr. Roth said. “If you tell me I could lose 25 percent to 50 percent of my portfolio, that means something to me.”


The New York Stock Exchange in early November. Wealthy investors are feeling uneasy about the level of uncertainty in the global economy. Credit Benjamin Norman for The New York Times
Rebecca Patterson, chief investment officer at Bessemer Trust, said she wrote a recent investment paper directed at clients who were overly fearful of a catastrophic event in the markets. “A larger number of clients are seeing the glass as unusually empty at this point,” she said.

“There’s a lot of uncertainty out there,” she added. “But there are also a lot of things going well — technology, biopharmaceuticals, people’s quality of life. Even with all these good things happening, that’s not where the conversation is going.”

Of course, it is easy to be pessimistic after a year of noisy election campaigns, Britain’s “Brexit” vote to leave the European Union, a slowdown in China, saber-rattling and suspected digital snooping by Russia, and the slowing of Brazil’s economic engine by political problems and the Zika virus.

“The hard part is getting past that emotion,” said Judith B. Ward, senior financial planner at T. Rowe Price. “Clients, when they call us, they just want reassurance to stay the course. One of the things we focus on a lot is to have that long-term perspective to weather some of the storms that we might see.”

Today, Mr. Sonnenfeldt is the chairman of Tiger 21, an investment club he founded 18 years ago that has 447 members with an average wealth of $100 million. In that role, he likes to poll his fellow millionaires and billionaires on what concerns them and what actions they take to address those worries.

Right now, he said, members are taking money out of the public markets and investing more in private equity deals, which are far less liquid but offer higher returns for people who can afford to be patient. They have minimized their personal debt, gotten out of hedge funds and invested in hard assets, like real estate.

“It’s back to basics on the whole,” he said. “It’s less overseas adventures and more back to basics with American businesses that sell real products and services. Real estate is our No. 1 overall allocation.”

“There’s a general wariness about markets because there are different measures by which you can determine if the market is overpriced,” he added. His group think

Align your investments with what motivates you

Align your investments with what motivates you

Alpha. Beta. Gamma. Enlarged.

Letters may be the name of a society that honors a college or may be an association or association. But financially, they represent the evolution of thinking about investing and how to evaluate them. Phi is one of the latest.

Alpha measures the return on investment against the market index. If Standard & Poor’s 500 index rose 10 percent and mutual funds increased 15 percent, for example, the difference of 5 percentage points was alpha.

Align your investments with what motivates you

Beta is the return of any market. And the beta chart is a passive index fund. Comparing the different indicators of beta – say domestic stocks and international bonds – help investors decide how to allocate their investment.

Gamma, developed by Morningstar, an investment research firm in 2013, is used to evaluate the impact of a smarter financial return on decisions.

For individuals, gamma is usually achieved by seeking advice from a qualified investment professional. But not always. The original Morningstar newspaper on gamma discussed the need for smart decisions in five areas, including tax management and exit strategies.

What they aim to supplement is a way for investors to quantify their motives – or their money managers – to affect long-term return on investment.

Suzanne Duncan, global head of the State Street Center for Applied Research, led the survey and research team of about 7,000 individuals and investment professionals in 18 months, said their research began with How to consider the role of incentives in making investment decisions. But, she said, it quickly shifted to considering the motivation of an investor – or not – in the first place.

“We quickly and clearly understand that most individuals and professionals are working,” said Duncan, who conducted the study in conjunction with the CFA Institute, operating the financial analysis mandate. Work with market motives. “It can manifest itself in a passion for the market with individual investors. But for most people, that is the fear of the market. “

And both these motives, research suggests, can negatively affect long-term profitability.

To reach a high point of failure, Ms. Duncan said, people need to be deeply aware of their goals in the work they are doing. She said: “It is not doing better than the markets or peers, and that is not a measure of asset collection.” Performance must be defined as sustainable and more profound in terms of performance. purpose.”

She noted that in the study, financial services professionals had non-low scores, ranking 12th among 14 industries. Phi is “unicorn in our industry,” she said. “However, it is not a unicorn in other industries.”

Ms. Duncan cites companies like Whole Foods Market, Southwest Airlines and Disney for instilling a sense of enthu- sion, or of their employees.

The implications for this research, to be released next week, are very broad for those who invest their money, who choose to consult and rely on their guidance, and investment professionals – As well as managers motivating and managing them.

People’s scores are determined by questions about their purpose, habits and preferences around what they do. (For non-test, there are online exams for financial professionals – and for individual investors.)

The qualities that you think are desirable are not when it comes to non. For example, answer that you have a passion for the market or you like your job because you work with smart people will not raise your non-profit. Both answers seem good initially, but there is a risk of no greater purpose in what you are doing.

Rebecca Fender, head of financial initiatives at the CFA Institute, said: “It is interesting because it addresses a very necessary cultural shift.

How to Join or Form an Investment Club


Let’s face it, it’s important as a woman to think about your finances and your retirement, regardless of your marital status. Many women don’t know the first place to start, or how to even begin investing in stocks, mutual funds, or even real estate. One way to overcome this hurdle, and educate yourself in the process, is to join or form an investment club. Investment clubs offer you a fabulous way to build a portfolio and enjoy time with women who share similar interests. In fact, the National Association of Investors Corporation (NAIC), says that over 500,000 women are already members of investment clubs.


What is an Investment Club?

An investment club is a small group of people who pool their own money to invest, traditionally in the stock market. You can choose the number of people (usually less than 15) and whether or not you want it to be a women-only investment club, which generally perform better than male-only clubs! You can meet however often you like, typically on a monthly basis, to learn about investing and make decisions as a group as to the investments you will make.

How Does an Investment Club Get Started?

You can start by asking around to see if any of the women you know show any interest in forming an investment club. Ask at work, your parenting organizations, and your friends. Once you have a core group of people, you will need to set the club up legally, typically establishing a partnership through the IRS. You’ll then determine how much each person needs to contribute initially, and then on a monthly basis. You’ll want to determine your meeting format (in person or online) and it’s best to conduct your meetings in a formal manner, taking minutes and voting on investments and investment strategies.

Running the Investment Club

Once the club is established you’ll want it to continue to run smoothly. Make it a point to set up established procedures for introducing new members and for when existing members want to leave the group. You’ll probably want to elect officers so that people within the investment club have specific roles. The club should insure that proper financial documentation is kept for all purchases and sales. Chicks Laying Nest Eggs provides sample documentation for Operating Procedures, Minutes, Rules, and the IRS.

Most of all, make your investment group fun! Your primary goal is to make money and work toward a secure retirement, but there’s no reason not to make it a social situation as well. Bring desserts and share personal stories with your investment partners!

Diamond Investment 101: Getting Started to Invest in Diamond

Diamond Investment

Diamond investment is relatively less popular compared to other investment vehicles like stocks, properties or even gold. While the real reason of why it does not get as much attention as the rest of the mainstream investments is largely unknown, most people feel that diamond investment is some kind of ‘rich men’s game’ and stay away from it. It is true that diamonds are very expensive, nevertheless, as with other investments, you can start small.

Diamond Investment

Diamond Investment

As with any other investment, it is important to set your expectation right to avoid any regrets in the future. First of all, diamond falls under the category of collectibles, like paintings. Hence, the price is not linear as with commodities like gold. For example, the price of two 100 grams gold bar with be the same as a 200 grams one, if all other attributes remains equal (purity, etc.). However, it is very unlikely that you can exchange two 0.5 carat diamonds for a 1 carat diamond, even they are of equal quality. In short, try to aim for quality instead of quantities.

Another factor that you should consider before investing in diamond is liquidity. Unlike gold and stocks, diamond exchange is not readily available. That translates to longer time for you to liquidate your diamond if you need some cash. The lack of exchange also means that you may not be able to sell your diamond at a fair price since you have access to very few buyers who are mostly retail stores. So, a rule of thumb is only invest with the excess money that you have.

With such limitations, it seems that investing in diamond is not a very wise choice. Nevertheless, bear in mind that diamonds have very high value per unit weight. This makes it a viable choice as a emergency disaster fund, as it is very easy to carry around. Also, unlike stocks that have very volatile price, diamonds are less sensitive to economy crisis. And as with other collectibles, you get to admire the beauty of diamond from time to time.

Once you have your expectation and budget set right, the rest is relatively easy. While we try to keep our cost low as an investor, it is strongly recommended that you buy your diamonds from reputable source. That almost translate to reputable retail stores. Unlike buying a diamond as a gift, tell them that you are after quality. It is nice to state your budget to help you narrow down your choices faster.

Diamond Chart

Diamond Chart

Once you decided on your diamond, make sure it is certified. There are different grading laboratories, with the more prominent being the International Gemological Institute (IGI) ; the Gemological Institute of America (GIA); the American Gem Society (AGS); the European Gemological Laboratories (EGL) and GemEx Systems. It is one of the best ways to protect your investment by letting the experts verify your investments.

As you keep adding more diamonds to your collections, remember to learn more about it. Do not rely on the Internet alone. There are books and seminars that cover different topics in a more systematical manners. If you do that, you will become and more knowledgeable person; and with some luck, possibly a richer one.

Gold as a Secure Investment


With the uncertainty of the stock market in the recent years and the ups and downs in the trading market, a smart investment for anyone is always gold! Even in the event of market declines, an increasing national debt, inflation, war and social upheaval; gold almost always retains its market value. Since April of 2001, the price of gold has more than tripled the value of the U.S. Dollar.


Gold is measured in “troy ounces.” A troy ounce, originated from the Roman monetary system, is a unit of measure used to gauge the weight and price of precious metals. One troy ounce is equal to 31.1034768 grams. Late in 2009, the price of gold spiked to $1226 per troy ounce. Financial commentator, Jim Rogers, predicts gold will reach US$2000 per troy ounce.

Gold might not bring you a huge return on your investment dollar as would stocks and bonds. However, stocks and bonds perform best during a stable political environment. In 2005, Rick Munarriz of Motley posed the question, “Which is a better investment, a share of Google or an ounce of gold?” On January 4th of 2008, that gold had beaten the share price of Google by 30.77%, gold closing at $859.19 per ounce and Google shares closing at $657 on the U.S. Market Exchange.


People generally invest in gold because they believe the price of gold will continue to rise or as a stable investment in the face of political or economic unrest. The price of gold is controlled by supply and demand, much different than many other commodities. Most of the gold ever mined is still in existance and potentially able to come back into the market. The price is further determined by “disposal or hoarding” of gold. It is estimated as of the end of 2006, the total amount of gold ever mined equaled 158,000 tonnes. The World Gold Council has report production in the last few years to be approximately 2,500 tonnes.

Your main consideration for your investment dollar is, do you want a stock with a fast return or one that will hold it’s value during economic uncertainty? The best choice may be splitting your investment dollar between gold and stocks. There are several methods of investing in gold for those interested in obtaining a secure investment for their money. Gold can be bought directly through bullion or coin ownership, purchased through gold exchange funds, or purchased as certificates or shares. The current gold price as of this writing is 1095.90 currently down. 0.50. Many people look for a low point to enter the gold market with an expectancy for the price to rise.

Silver Coins and Bullion as Investment


Silver…shiny, reasonably soft as metals go, conductive, sterile, pretty and very valuable. What of all the talk about adding precious metals to one’s investment and retirement portfolios? Why silver? What’s so good about it?

Silver is a unique commodity. It conducts electricity. It is impervious to the elements but for some tarnish. It has been used as the basis for nations to mint coinage since well before Rome. And it is sold at very reasonable prices and is a perfect investment vehicle for anyone to own. Unlike gold that is trading at almost $1500.00 USD per ounce, silver closed at $43.01 per ounce Friday evening. The silver/gold ratio is about 34 and that’s important to keep in mind…I’ll tell ya why later.


Silver Coins and Bullion as Investment

Silver has history. It has been used since time immemorial as a tender for trade. Silver is valued everywhere. And what of the possible collapse of the trust in the American economy and our money were to decline drastically? A Greenback is a representation of the US. But for the promise of the US to honor it, it is worthless green toilet paper and not much good for that either. Our paper is only good because of the reputation of the US but if our fortunes decline as they seem to be our money will decline in value. It’s known as inflation…more Greenbacks chasing the same number of goods. Printing them only devalues every single Greenback in existence. Have readers heard world leaders have been meeting to discuss taking the world off of the US Dollar as the planet’s reserve currency and standard for all international trade?

Silver bullion and coins have exploded in value of late. For example, but for the Hunt brothers of Texas trying to corner the world silver market in 1980, from at least the mid 1970’s until 2004 silver traded at about $5.00 per ounce. In 2004 silver took off in price and Friday evening silver bullion closed at $43.01 per ounce…an all-time high but for the 1980 effort of the Hunts and the brief spike to almost $50.00 per ounce. Nothing, including gold, Wall Street or real estate have experienced an 800% increase in value in these 7 years.


Silver is attractive because it is a limited quantity. It cannot be made out of thin air. It is used in tons and tons of industrial and commercial applications. It’s what backs the glass of a mirror for one to see reflections. It’s used of course for coinage as well as nation’s wealth reserves. It is far cheaper to purchase than is gold, yet it tracks gold in it’s value, albeit only 1/34 the value of the same quantity of gold at present. That 1/34th is the ratio I mentioned earlier.

Silver to gold ratio has historically held firm at between 10 to 1 up to 13 to 1. Today that ratio is 34 to 1, meaning gold has outstripped silver in price increase but as we can see now silver is leaping in gain percentages. In the last 6 months gold is up 8.33% whereas in the last 6 months silver is up 75.37%. The trend is undeniable and predicted to keep trending in this direction. Much speculation exists that silver will have to eventually return to its historical ratio to gold. It can do so by either going up to meet gold; gold can fall to meet silver or more likely a combination of the two. If silver climbed to an even 15 to 1 ratio with gold at $1500 per ounce silver would trade for $100 per ounce. I AM NOT making such a prediction, merely explaining the speculation as to ratios.

Silver has another intrinsic value beyond gold at today’s prices and the likely higher prices in future. Silver, as it is worth so much less is better positioned to serve as tender or money. Today an ounce of “junk” silver is worth $43.00. Basically it’s a $43 dollar coin. An ounce of gold would be a $1500 dollar coin. How many items does one purchase that costs $1500? See the point? Junk silver rounds and bullion could and in fact most definitely would be used as currency. Not so much for $1500 ounces of gold bullion.


I buy silver by the ounce because it’s easy to buy and store. Any firm selling or trading in collectible paper and hard currency will sell junk silver rounds by the one ounce weight and ingots in one, five, ten, one kilo (2.2lbs) 100 and even 1000 ounce sizes. My advice is to stick to the ounces or if you must, the ten ounce sizes. At today’s price a 100 ounce bar of silver bullion is worth $4300 bucks and again, how many things does one buy that cost that much? For silver to serve as emergency currency, and that is why I buy it in one ounce sizes, it needs to be in popular and easily traded and represented amounts and dollar values.

Many pawn shops also trade in silver and gold bullion, “junk rounds” and coin. Next up is an explanation of the difference between “junk rounds and ingots” of gold and especially silver, versus gold or silver coins that are legal tender or collectibles and the pros and cons of each for the purposes of collecting to stash wealth or for future currency as well as investment vehicles for retirement, etc.

Capital Gold Group

Special Offer: Click HERE to claim FREE Gold Investment Kit!

Unstable economy alongside with economic crisis make people really worried about where they would invest their money safely since every single industry is still under the shocking affects from that crisis. The real estate market is now frozen while the stock market is completely unsecured, making you feel what you gain might not equal Capital Gold Group Reviewwith the risks you have endured while putting your money in their hand. Therefore, a promising market, where your money is guaranteed by real gold not paper money, is absolutely an ideal destination for anyone seeking for not only shelter but also profitable industry. The market we are talking about is the gold IRA.

However finding the proper market is just half way of the investment. The next step you must find the suitable company among hundred or maybe thousand competitors that may help you enter this market smoothly with the smallest cost and the greatest benefits, oh also the smallest risk as well. One of the best candidates you may come across is the Capital Gold Group. In this review, we would take a look and discover how one of the top dealers in this market can help you not only protect your money but also make them profitable.

Capital Gold Group Review

Becoming a customer of Capital Gold Group means you would have chance experiencing one of the best customer service providers in the market as they have each customer accompanied by an IRA specialist who would guide you everything about this market. Starting by how to install an application and then going around the self-directed precious metals system, they will make sure you understand everything before starting trading.

Besides, the company also has a broad network as it forms the alliance with many other companies. The first one in the list the Numismatic Guarantee Corporation, who works to ensure that all customer accounts both in the past and the future are legitimate and of their exact value. Moreover, they also scan all the coins as a policy to guarantee all of them are legal and historic.  The second partnership of Capital Gold Group is their collaboration with the Professional Coin Grading Service, an association devoting to ensure that all the coins from Capital Gold Group are genuine. Regarding the coins, it is also interesting to know that this Company only uses the Proof Gold American Eagles and Proof Silver American Eagles, which are limited edition bullion coins, an ideal choice for long time investment.

The pricing policy of Capital Gold Group is quite different from other companies as you might see; their fees are somewhat higher than the average of the market. Additionally, they might calculate your fee depending on the size of your account rather than applying the flat fee rate like what most of Gold IRA companies often do. The good point is that you have various fee options regarding your requirements, so you could choose what suits you the most.


You could easily find a lot of positive feedbacks about this company online. Most of them are satisfied about their professionalism and caring since they are so devoted to not only make you feel like working with your family but also provide you with the best solution for your budget.

Other customers are truly impressed about how qualified their IRA gold coins are and how fast they are shipped to them. Besides, a lot of them have good experience about the way Capital Gold Group handle their money and the profit they gain after trading there. Their customer service is also praised as many people feel happy about the way they keep their connection with them even they continue trading there or not. Not many companies could do things like that, so these are very positive points that Capital Gold Group must keep doing in the future.


There are obviously complaints about Capital Gold Group, which cover many aspects of the Company. Particularly, many state that the coins they received are not of good quality of Gold IRA and the shipment was late which is quite troublesome for them as they had to wait so long before they could get their coins. In addition, some accuse that the service team is rude and could not provide them with proper help.

Other people feel disappointed as they believe the Company tries to get as much money as possible from them by convincing them to buy more than what they could handle. Also they believe that their Gold IRA system fails to meet their expectation and state that this would be their last trade with Capital Gold Group. We also concern about their scaled IRA fees model which forces you to pay more fee as your investment goes bigger.


At first, this Company seems to be an ideal choice and we are about to give them the max score. However, after reading some reviews about their issues relating to scam accusation on Yelp as well as the mediocre sale team who push people to buy more than what they could pay, we would reconsider our investment in this company.

Wholesale Direct Metals

Special Offer: Click HERE to claim FREE Gold Investment Kit!

The current turbulent and unstable economy is only encouraging investors to seek different methods to protect their assets from threats such as hyperinflation and the dying US dollar. A highly recommended method is opening a gold IRA.

Wholesale Direct Metals ReviewIn this review, we are going to discuss a company called Wholesale Direct Metals to see what they can offer us, and whether we should make them a part of our investment strategy.

Wholesale Direct Metals Services

Wholesale Direct Metals is another company that sells precious metals. They offer an impressive selection of investment metals and concentrate on helping you build up an IRA, which I think is better than most average precious metals brokers out there.

Despite all the information on their website about IRAs and how they work, Wholesale Direct Metals, unfortunately, do not tell us much about their role in the process of setting up your IRA. They do include a gold IRA application form on one of their pages, but say nothing about what happens when you fill out the form.

After some careful research, I found that Wholesale Direct Metals is NOT an official IRA custodian. Instead, they just refer you to Delaware Depository with Sterling Trust as a custodian.

NOTE: The custodian Sterling Trust has their fair share of controversy, including various accusations of fraud, scams, cover-ups and more. They also receive a pretty low rating on Trustlink: a 2/5. Check out my separate review of Sterling Trust for more information.

On their homepage, Wholesale Direct Metals has a blog containing a wide range of political/investment type content, although most of it appears to be over the top and borderline feat mongering with the only intention of encouraging you to choose their investment kit.

Customers Reviews

In this part, as usual, we will go through several reviews written by Wholesale Direct Metals’ past customers to understand better the way they do business.

The first customer apparently had a pleasant experience:

“I spent a long while discussing with the two sales reps at WDM before I decided to purchase from them a junk bag of silver half-dollar coins. The representative working with me to finalize the purchase is Randy Ashburn. I paid by wire transfer and waited for my coins to be delivered. I decided to have the order delivered at work so that I could tale personal possession. The purchased was finalized on mid-afternoon on Friday, and the package is expected to reach me on Wed, but it was delivered on Tuesday and signed for by the receptionist.

When the receptionist called me to receive my package, I found that the package had been apparently tampered with, because both outside seams were totally split, and the canvas bag was hanging out. When I examined the package that evening at home, I noticed the top of the bag was secured with clear packing tape. On counting the coins I realized that 81 of them were missing. Therefore, I concluded that the package was tampered with while it was still held by the USPS.

Unfortunately, the receptionist at my office unknowingly voided the insurance by signing for the package. I called Randy and explained what happened, and he purchased and sent me the missing coins within a week of the original shipment. I was very satisfied. Randy was such a man of high character, and he earned my respect both as a businessman and a person. You can put your trust on Randy, who would treat you fairly and deal in good faith with a high degree of integrity.” – Donald

This customer, on the other hand, claims that the representative working with him was rude, and thinks that the minimum order requirements were too high:

“I called Wholesale Direct Metals today. Spot price for gold was at $1,186 oz. – silver at $18.38 oz.

I spoke with a nice gentleman to ask for the prices. I told him I only cared for gold and silver eagles, and I have always bought from Apmex and Midas over the years. The prices he quoted me were $1,240.50 oz. for gold and $20.19 oz. for silver.

I thought the prices were great, and tried placing my usual monthly order (2 – 1 eagles and 100 – 1 oz. silver eagles) hoping to save a few bucks while at the same time supporting patriot radio. Before I could ask him about shipping, time etc. he told me that he only deals with orders that are over $10.000. “Oh, o.k. sir, I understand.” Before I could say thanks for your time and have a good evening he cut me off and said in that elitist vocal tone these exact words…

“We only deal with people who are serious investors…we are trying to get some real money around here!”” – Cristiano

This customer was not satisfied with the quality of his order:

“This post is IMHO.

I bought from WDM numismatic gold British sovereign coins, in BRILLIANT UNCIRCULATED (BU) condition. The representative I spoke to, Justin Boiles, told me that they would be individually sleeved for better protection. The package came in a plastic coin tube, all rubbing together. Some were smuggled from the vibration of shipping. I tried taking five coins to a local coin dealer and he claimed that they were not BU coins.

I also bought MORGAN/PEACE silver dollars in GOOD TO EXTRA FINE condition. And when the package arrived, 80% of them were so worn that only a shadow of the original image was left.

I was tremendously unhappy with my order, so I would not recommend WDM for purchases of precious metals. 35b0778” – by Athony

I managed to find some few ratings that Wholesale Direct Metals received:

A+ – BBB

5/5 – Trustlink



Wholesale Direct Metals has both good and not-so-good points. The overall feedback is quite positive, though there are still several reports here and there such as on, where you can find some serious accusations on the company.

Putting all that aside, there is still one thing about Wholesale Direct Metals that makes me uncomfortable: they set up your IRA with Sterling Trust as a custodian. After everything I’ve learned about this company, I highly suggest that you should NOT do business with Sterling Trust because of all the controversies around them.

I decided that my final rating for Wholesale Direct Metals should be: 2/10

The low score can be explained by the association between Wholesale Direct Metals and Sterling Trust. In my review of Sterling Trust, they received a 2/10, and I don’t think Wholesale Direct Metals deserves a better rating if they are going to start your IRA through a company with such a bad reputation.