One of the best methods to protect your life savings from the chaotic economic climate, which could destroy them in the blink of an eye, is to invest in a gold IRA. Besides, a gold IRA investment can also make your assets grow in value no matter what happens out there in the economy that could ruin the US dollar.
In this review, we are going to discuss Universal Coin and Bullion Company to find out whether you should make this company a part of your investment plan.
Universal Coin and Bullion Services
Universal Coin and Bullion is basically another coin store where you can come to buy gold and silver coins. Even though their name contains “bullion”, they do not offer any metal bars. They do sell bullion coins, though.
During my research, I found that the inventory of this company is still very limited and disorganized. On their website they claim that:
“Over the next few months our store will grow to include a much greater selection of bullion, rare and collectible coins. Please check by often to see how we are growing our store.”
I guess the only way to tell whether this is true is to keep waiting.
Regarding IRA services, the company offers an IRA diversification kit. I found this description on their website:
“In order to hedge your investments and enjoy long term appreciation, own and hold precious metals in your IRA with the American Eagle coin series. Here is what you need to know…”
As for me, I honestly think this is just another clever way for them to advertise their American Eagle coin product.
From what I can tell, Universal Coin and Bullion do not provide IRA services nor do they refer you to an IRA custodian. I think all they have about IRA on their website is the IRA kit.
Normally in this part I will give you several reviews written by the company’s previous customers in order to get a clearer picture of how they do business. Unfortunately, there was absolutely nothing on them apart from their BBB rating, which is: A+
I don’t like giving my own score for a company without knowing what their previous customers said about them. Considering they have been in business since at least 1995 when they were first BB accredited, it is surprising to know that there is no feedback on them.
My final ratings for Universal Coin and Bullion would be:
- 0/10 – IRA services
- 4/10 – as a precious metals broker
Even as a precious metals trader, Universal Coin and Bullion cannot stand out. Their inventory is limited and disorganized. The only things they sell are gold and silver coins, no bars or other precious metals such as platinum and palladium. They do not offer much information on IRAs.