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.

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.

We Buy Gold

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

It is a smart move to invest in gold IRAs in this troubling economy. However, there will come a time when you need to liquidate some of your assets. It is possible to sell the gold directly back to your custodian, but in cases you may have to search for a We Buy Gold Reviewthird party who accepts to buy from you.

In this review, we are going to discuss We Buy Gold to see whether this company is suitable for you and your need of liquidation.

We Buy Gold Services

The name says it all: this company buys gold from you. Besides gold, they also take in silver, platinum and diamonds. Below is a full list of what they buy:

  • 10k, 14k, 18k, 21k, 22k, 24k Gold
  • 999 Fine silver and 925 Sterling Silver
  • Palladium
  • Platinum
  • Diamonds
  • Class Rings
  • Wedding Rings
  • Gold Chains
  • Necklaces/pendants/lockets
  • Bracelets/ankle bracelets
  • Pocket Watches
  • Gold Pins/Brooches
  • Gold Charms
  • Watches
  • Bangles
  • Gold Ingots
  • Dental Gold
  • Coins
  • Rare Coins
  • Currency
  • Designer Jewelry
  • Unmatched or Broken Gold Earrings
  • Bent, scrap, unwanted, or broken jewelry
  • There are, of course, items that they won’t buy:
  • Stainless Steel
  • Plated Material
  • Costume Jewelry
  • Gold Filled Jewelry
  • Rolled Gold Plate
  • Gold Electronic Scrap
  • Cubic Zirconia
  • Gemstones

If you want to do business with We Buy Gold, you can either use their mail-in program or visit one of their various locations in Kansas City area. They even offer a free appraisal for your items, but for obvious reasons I don’t like having my items appraised by the company I’m about to sell to.

Customers Reviews

In this part, we are going through several reviews from the company’s previous customers to get a better idea of how they do business as well as how they treat their customers.

The first customer was happy with what he received for his items without even having to haggle with them:

“I was recommended to We Buy Gold by a friend who said that he already sold a few things to them. I visited to their store today and was surprised at how well things went. I was skeptical at first thinking they would be like some dishonestcompanies. They gave me a price that was above what I expected, which was nice because I didn’t have to haggle with them.

The experience was very pleasant, and I would suggest them to anyone looking for a way to get some extra money or sell their gold. I’m already looking through my stuff to see what else I have but no longer need and plan to sell to them while the price is so good.” – Kirk 

This customer was also satisfied with their service:

“It was a very nice and clean atmosphere. The staff was friendly and did not try to pressure you.I’d highly recommend, consideringmost pawn shops out there are dodgy and scary (to be honest). These people offer a fair price.” – Danny

This customer, on the other hand, was not happy with the service and thought that the representative here was rather rude:

“I visited WeBuyGold off of 151st and 69 highway and the staff there were totally rude.They barely even gave my items a look before deciding that they were all “junk” even when i knew some of them were worth something. So I went up the street to a place off of 135th and Metcalf, and they paid me almost $200 for their so-called “junk”…. The customer service was terrible, the location looked trashy, and they actually turn away money! I would never return, much less recommend them to anyone…” – Landon

I managed to collect a few ratings for We Buy Gold from all over the Internet:


4/5 – Google Reviews (7810 W 151st St Overland Park)

5/5 – Yellow Pages


Most of the feedback We Buy Gold received has been positive, and they do offer you a lot of choices when it comes to liquidating your assets. I decided that my final ratings for We Buy Gold review should be: 8/10 – as a buyer of gold and other precious metals

I advise you to try their service when you are in need of liquidating your assets. If you live in Kansas City area, visit their store; if not, try their mail-in program.

My only concern is that you should have a third party appraise your items first. I’m not saying that We Buy Gold is shady; it’s just a wise move to always have a third party appraiser.


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

The financial meltdown and economic stagnation are threatening to sweep away your lifesavings and give you tons of difficulties after your retirement. You can lose all your money unless you are prepared. Gold IRA investment is surely one of the most effective ways to keep you and your savings safe from the troubling economy.

In this article we will check out Pianegonda to see what they offer and whether they are the right choice for you in protecting your money.

Pianegonda Offers

Pianegonda is a jewelry brand from Italy. Jewelry can be considered an investment as its value does not quickly depreciate like that of currency, stocks, or bonds. In addition, jewelry also has very high liquidity, so you can sell your old jewelry to get quick cash. I tend to mention these issues in my reviews.

Regarding Pianegonda, they are a mere brand of jewelry with no business service or any focus on investment. Speaking of investment, it is common that you can buy jewelry from places like Pianegonda and earn capital gains from the increase in value, yet that is not the purpose of this review, so I will not talk much about that.

The website of Pianegonda shows some information about their business activity. Here is the mission statement from their website:

“Handcrafted jewels in silver 925 and natural stones, completely Made in Italy, created for modern women who communicate their strong personality. Innovation, design and stylistic research are always the essential values of the brand, founded in 1994 in Vicenza.

The Pianegonda brand has established itself in international markets thanks to the high quality of its materials and workmanship, as well as its unique design and a revolutionary concept in the world of accessible luxury: transforming silver into a noble material by using it alongside precious and natural stones.”

There is nothing more to say about this company. There is really not much to discuss, so we will read customer feedback about them.

Customer Reviews

In this part, we will read customer feedback about Pianegonda to check out customers’ attitude towards their services and quality. However, there is only one customer review from Yellow Pages. The review praises the company for their products:

“The products from this company are exceptional, fashionable and very beautiful!” – Edward

And I could only find one score for Pianegonda, also from Yellow Pages: 5/5 – Yellow Pages


There is nothing more to discuss. Pianegonda is a mere jewelry store with no investment service. They are simply a jewelry store, so they may be the right choice for you if you want to buy some jewelry. For the investment purpose and protection of your savings, Pianegonda is not really an option. So the final score is: 0/10 if you are looking for an investment option.

Only Gold

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

The national debt of the USA has gone from bad to worse and the value of the US dollar is on a downward slope. Many hardworking American are losing their money and all their retirement savings because of the fluctuations and deterioration of financial assets like bonds and stocks.

Only Gold reviewDespite the troubling economic times, people that decide to put their investments into gold and precious metals are enjoying higher and higher asset value, as gold value increases regardless of the bad economic situations. Therefore, gold becomes one of the most trustworthy and effective asset in the strategy to keep your savings safe and secure.

If you are seeking a certified gold custodian to help you with your gold assets and investments into gold IRA, this review will tell you some information about Only Gold to see whether they are a suitable option.

Only Gold Services

The first impression I have with Only Gold is their website. It hurts my eyes! The design of this website is so old-fashioned and messy that it looks like someone just took a website from the 90s and put the Only Gold logo on it. It is totally jumbled and cluttered.

Despite having such a terrible website crammed with messy texts and links, Only Gold seems to organize their business in a very simple model: They function like a gold and precious metal store.

Besides operating like a precious metal store, Only Gold also offers a huge amount of useful information regarding gold and precious metals. You can find such information in their website once you can understand and find a way to navigate through its terrible chaotic layout.

Gold Only also provides an article directory that contains more than 300 articles dating back to 1999. Nonetheless, whether or not you can find anything useful or learn anything from these articles is still unknown, considering that page’s caption:

Some timeless
Some once timely
Some probably just time wasters

Most of the articles in the directory are all the way obsolete, yet there are some recent articles you can use to find useful information.

To be honest here, the services provided by Only Gold are very simple and there is actually nothing much to talk about. They sell and buy gold and provide a large collection of information about precious metals with questionable usefulness.

Although the name of the company is Only Gold, they in fact also offer platinum, palladium and silver in their store.

One important thing to note about Only Gold is that they do NOT provide gold IRA service. If you are seeking a company to help you with establishing your gold IRA, monitoring your gold IRA, and storing your precious metals, Only Gold is not what you are looking for.

Customer Reviews

There seems to be a strange lack of customers review about Only Gold. I could only dig up a few reviews online. Perhaps the problem here is due to their “Only Gold” name that is generic and really bad for searching.

Here are some customer reviews I found about Only Gold. In this review, the customer said that he received a free silver eagle in his package:

“I placed my order at Only Gold through a simple purchase online website and a week later the package was delivered. Insurance and shipping were already included in the price. It came to me as a surprise that I found a free silver eagle in the delivered package.” – Douglas

Another customer received a free 2013 Silver Snake in his package:

“I was very satisfied with the professional and outstanding service that our representative Cathy gave us. And it came to our complete surprise that there was a free 1 oz. 2013 Silver Snake included in the package delivered to us. It was awesome!” – Ed

I also found a review from PMBull about Only Gold, yet it confuses me how they consider the website of Only Gold as “excellent”:

“The Company Only Gold in Phoenix, Arizona receives their first review from PMBull. Only Gold satisfies all of our fundamental criteria set up for gold and silver dealers in our directory. There is no review about this company on Yelp. Instead, Only Gold has a working store, an excellent online presence, and an A+ score given by BBB.

Though you may suppose that Only Gold offer only gold bullions and coins to their customers, as given by the name, the company in fact also provides silver coins and numismatics. If you are searching to purchase gold bullions or American Eagles in Phoenix, Arizona, Only Gold seems to be a very suitable place for your purpose.” – PitBull

Another review from Compare Gold Coin Dealers:

“Only Gold seems to be a great place for investors who buy in large sums only. Small investors may get lost in the business here. The minimum gold purchase at Only Gold is 10 ounces. So, Only Gold is a good place for you if you are purchasing gold in large sums.” – Alex

There is not much information to find about Only Gold in popular sites such as Yelp or TrustLink. However, there are some scores given to this company as follows:

4.1/5 – New Gold Investments

4.8/5 – Gold Dealer Reviews

A+ – BBB


The fact that there are only a few customer reviews about this company bugs me really much and it is hard to give an opinion on them. Only Gold seems to be a pretty nice dealer of gold and precious metals that has a terrible website design.

However, here is the most important information: Only Gold does NOT provide gold IRA service.

So the final score for them would be:

  • 5/10 as a gold and precious metal dealer
  • 0/10 as an IRA company (Only Gold is NOT)

Provident Metals

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

In our current terrible economic situation, it is possible that you can lose all your money and savings at any time and all those years of hard working just go straight down the drain. Our economy is going through a big meltdown and you need to find a way to secure your life savings. A gold IRA is one of the smarted investments for this purpose.

Provident Metals reviewIn this article, we will talk about Provident Metals, find out more about their services and products and see whether you can rely on them to protect your savings and your future from the faltering economy.

Provident Metals Service

Provident Metals offers some really cool products that stand out from those of other companies. What I want to mention here is their precious metal package and themed coins. Some of their fascinating products are:

  • Birds of Prey: Peregrine Falcon – this coin features Queen Elizabeth II and the well-known peregrine falcon.
  • Zombucks the Barber: Currency of the Apocalypse – this is a coin set produced with zombie theme.
  • Nick Stram: Fit to Fight Cancer – this is has a very special meaning. All of the profit gained from this coin will go straight to the family of Nick Stram to help him fight against cancer and the costly treatment.
  • Molon Labe – This coin series has ancient Spartan themes decorated with modern weaponry.

These products may seem pretty strange and unusual to most people, but they are actually real products that Provident Metals offers to customers. One more fascinating feature of Provident Metals is that they also sell foods and gear that has the “survivalist” style, as described on their website.

Regarding the precious metal IRA service for your life savings, Provident Metals is not an official IRA custodian, and they don’t provide such service. However, they claim to be in partnership with some prestigious IRA custodians that are well-known in the field, and they seem willing to refer you to their precious metal IRA partners to help you with your retirement investment.

Customers Review

In this part, we will read reviews from customers to see what they say about this company. Feedback for Provident Metals seems to be mixed.

This review compliments the company on their quick delivery:

“My silver dollar order was done and delivered within 3-4 days.” – Paul 

Also about shipping, another customer was not so happy:

“I placed two orders with Provident Metals. The first order was delivered to me only after a month. The second order has yet to come although it has already been nearly a month. They have received my money, but I have yet to receive my items.” – Wiley

Many reviews complaint on the bad packaging of delivered items. This review describes the issue very clearly:

“My coins were delivered without any protective material, no bubble wrap, papers or anything to protect the items. Half of the Almost Uncirculated Morgan Silver dollarswere terribly damaged with scratches, and one coin tube was cracked. My coin order was worth $3200, and the scratched dollars accounted for about $700 because of the bad packaging.” – Richard 


2.6/5 – Site Jabber

3.5/5 – Gold Dealer Reviews

You can see that Provident Metals receives merely average scores.


Considering all the things I found about Provident Metals, let’s give this company a final score after all. The most outstanding feature about this company is perhaps their unique coin products, which appeal to some people. Some may think they are very weird.

Provident Metals offers a lot of unusual coins to their customers. That’s a cool thing. However, they are NOT an IRA custodian of gold or other precious metals. To put it frankly, they offer no service for your IRA, they will just guide you to their partners.

So the final score for Provident Metals:

  • 7/10 for being a precious metal dealer
  • 3/10 for IRA service

Although Provident Metals is not a recommended choice when it comes to gold and precious metal IRA, their precious metal dealer business seems very decent with a minor shipping issue. Also, Provident Metals is highly recommended if you are looking for weird unique coins.