Gold Buyers of America

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Investment in gold IRAs is a wise move at the moment, considering the chaotic economy that could destroy your entire hard-earned savings any time if you leave them unprotected.

Gold Buyers of America reviewIn this review, we are going to examine a company named Gold Buyers of America to find out whether they have what it take to help you with your investment strategy.

Gold Buyers of America Review

You can expect Gold Buyers of American to offer the type of service which similar companies offer: they purchase gold from you and give you cash in exchange. Below is the list of what they would buy taken from their website

  • Gold
  • 10k GOLD
  • 14k GOLD
  • 14kw GOLD
  • 18k GOLD
  • 18kw GOLD
  • 22k GOLD
  • 24k
  • Platinum
  • Silver
  • Silver serving sets (complete or incomplete sets)
  • Bracelets (in any condition)
  • Necklaces (any condition)
  • Gold watches
  • Silver & Gold coins
  • Dental Gold
  • Earrings
  • Rings
  • Class rings
  • Charms
  • Estate jewelry

I could not find any information regarding investment grade gold, so I’m not sure whether you could use them to liquidate your assets or not, unfortunately.

The company offers two methods for you to sell gold: by requesting a gold pack via mail or by visiting one of their stores. What I like about them is that for the first method, you will be paid overnight once your gold is approved.

Gold Buyers of AmericaOverall, Gold Buyers of America does not offer any unique service to set them apart from other similar companies out there.

Customers Review

As usual, in this part, we are going through several reviews of Gold Buyers of America from their previous customers in order to understand better the way they do business.

The first customer was not satisfied with the amount of money the company offered for his jewelry:

“Then, the magic moment I had been waiting for finally came…the time when this so-called“gold buyer expert” would give me his offer. He did not offer to take the items and give them a real appraisal. Nothing at all!

Then he offered me $300 and told me that I will not get any much more than that for these items.

I thanked him and decided to leave the place quickly because I was trying so hard not to ask him to change his suit, have a haircut, vacuum the place and plug his computer in so that people will start to take him more seriously.

After that, I brought my gold to the place I cash my checks. It took 20 minutes for them to check the gold and then I was offered more than twice what he had offered me, just the amount I expect I would get for my 22k gold jewelry.”– Wojack S.

This review came from someone from the inside – an employee of Gold Buyers of America. He was not happy with both the way the company does business and the way they treated him:

“I started as a buyer in one of the hotel based locations and quickly moved my way up the ladder. It only took six months before I became the manager of two locations: a larger full time location in the Fox Run Mall, and a hotel based location in Nashua, NH. After 18 months of hard work and spending 50-60+ hours a week for the job (during snowstorms I even spent the night in my office just to make sure that the store could be opened in the morning), the company began withholding my pay without giving me a reason.

I went through the appropriate channels and after one month of working for free I went to the labor board. Two days after filing my complaint to the board, I was terminated, so I started to sue the company. Eventually I won my lawsuit within 3 months since getting the sack, but I didn’t receive their money until almost a year after that, and up to now they still owe me over $1,000. Now that I don’t work there they no longer follow OSHA standards when testing gold. They scam customers more frequently than giving them a fair deal. Even the employees themselves leave on a regular basis because they cannot stand the non-payment of wages or commission, unsafe work conditions and company not following general labor laws.” – Fabian S.

This customer felt like he was ripped off by the company

“Don’t do business with them. I asked a friend to sell my gold $10US coin at Premier but she mistakenly went to this place. Classic bait and switch operation. She called them and they said that the coin was worth between 315 and 385, but when she went in there, they told her they “don’t honor phone” and gave her just $300 for it during a week when the fair market value was $390, let alone the numismatic value of the last of the $10 gold coins.” – Victor M.

I managed to find some ratings of Gold Buyers of America from different sources and they are quite bad:

F – BBB

1/5 – Yellow Pages

1/5 – Yelp

3.4/5 – Indeed

WARNING – I also found on BBB an alert for Gold Buyers of America, which reads as follows:

On February 21, 2012 Better Business Bureau made a request to Gold Buyers of American, LLC to substantiate the following advertising claims shown on their website or to make changes to their advertising to reflect a more accurate statement:

1. “We are the largest gold buyer in America”.

2. “25 years in the industry”.

BBB also questioned the following information from their website: 300 locations – 1. Please give BBB the list of these specific locations. 2. “Gold Buyers Pack” – BBB cannot locate any Privacy Policy or any terms that guarantee that consumers’ information is protected or not being sold to another party. 3. BBB stated that their comparison with other refining companies is out of date, inaccurate and needs to be removed from the website if the company cannot update it on a daily basis.

Until May 29, 2012, Gold Buyers of America have not modified their advertising yet. For more inf, click HERE

Conclusion

In my opinion, Gold Buyers of America’s services are, unfortunately, average at best, since the company does not have anything unique to distinguish themselves from their competition.

What’s worse is that the reviews and ratings they received are mostly negative. Most of the complaints I found were about their service and pricing. As a result, I decide that my final score for Gold Buyers of American would be: 2/10

I definitely do not recommend you to use Gold Buyers of America’s service to liquidate your assets unless they start doing business better.

Global Asset Management

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In times of economic uncertainty, many people are losing their savings day after day. There are fortunately ways to protect yours, one of which is to invest in gold IRAs. A gold IRA protects your savings from hyperinflation and devaluation of the US dollar while helping you make a profit. This is because during times of economic hardship the value of gold and precious metals tends to increase.

Global Asset ManagementThe purpose of our Global Asset Management review is to see what this company offers and whether it can help your investment strategy cope with today’s treacherous economy.

Services & Products

So, what about Global Asset Management? What are they exactly and what do they do? On their website, you can find this statement:

“Global is an independently owned firm founded in 1996, created to facilitate secure purchases in Fancy Colored Diamonds as well as Gold, Silver, Platinum and Palladium. Global deals exclusively with authorized Independent Diamond and Precious Metal Dealers and not with the general public. ”

So it is clear that they help independent dealers purchase diamonds and precious metals. Therefore, if you’re not an independent dealer you might not be so interested.

What about IRA services then? Can this company help with that?

Not exactly. There is information about IRAs on their website but it seems more like a method to direct you to an official IRA custodian named Sterling Trust. If you take a look at my review on Sterling Trust, you will know why this company is not recommended. Generally, they have extremely low customer ratings and are subject to many accusations of fraud, scams as well as other serious controversies.

Customer Reviews

Usually, this part is meant for showing you customer feedback on Global Asset Management; however, I could not find much of anything in fact. As this company belongs to the exclusively B2B company type, this is not so surprising.

It is stated on their website that they have been accredited by the BB and have a score of A+.

However, I did manage to find a report on the company which is unfortunately from ripoffreport.com and not very pretty:

“Global Asset Management has been under investigation since 1999 when the CFTC first tried to shut them down – see below CFTC report. When I talked with Ms. Rosemary Hollinger from the CFTC and she thought Global Asset Management was shut down already. They are still in business with an A +rating from the BBB. This is the clearing house that is listed as fraudulent in the FTC report along with American Precious Metals.

Mark Modist used to be listed as the president and now it is Gary Marshall (but Mark Modist is still part of the company.) Gary Marshall goes on Fox News and wrote a book about investing in precious metals – but the FTC in their most recent conviction of American Precious Metals states that Global Asset Management never actual managed gold for inverters.

Please send this information out. Contact Senator Nelson, Senator Collins and Senator McCaskill so they can push the CFTC and FTC to go after them.” – Antonio V.

Here is some more information on the situation referred to by Ripoff Report:

“For Release: November 3, 1999

CFTC WINS CASE AGAINST WEB OF FLORIDA FIRMS AND THEIR PRINCIPALS ENGAGED IN FRAUDULENT TELEMARKETING OF ILLEGAL FUTURES CONTRACTS

Federal District Court Rules that CFTC Has Jurisdiction Over Defendants’ Sale of Highly-Leveraged Precious Metal Contracts; Orders Florida Defendants to Pay Restitution Totaling Over $12.4 Million to Defrauded Investors Nationwide

CFTC has Continuing Litigation against Two of the Defendants

The CFTC’s litigation continues as to defendant Global Asset Management, Inc. and its principal, Mark Modist. The CFTC is seeking permanent civil injunctive and other remedial relief as to both. The CFTC’s complaint alleges that Global and Modist aided and abetted Midland‘s illegal sale of futures contracts. It also charges that Modist issued reports to customers that charged “storage fees” when Modist did not, in fact, purchase and store commodities on behalf of Midland customers and charged “credit fees” when Modist did not lend Midland customers any funds for the purchase of commodities.” – Ashley Y.

Final Verdict

As can be seen, there are some very troubling issues about Global Asset Management including the fact they promote the infamous Sterling Trust as a gold IRA custodian as well as problems with the CFTC.

In addition to all that questionable business, Global Asset Management does not do business with the general public and serves as a B2B broker of precious metals and diamonds only. Therefore, it is likely that you will not have any use for the company anyways.

My final scores for Global Asset Management are:

  • 2/10 – in case you are an independent diamond/ precious metal dealer
  • 0/10 – for all other purposes

Gold and Silver Exchange

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

With the economy not seeming to be improving while our incompetent government causes day by day decreases in the value of the dollar, it is the right choice to turn to gold IRAs and their security for protection on your hard earned savings.

Gold and Silver Exchange reviewIn our review of Gold and Silver Exchange, we will examine this company and decide whether you should consider it an option for your investment strategy.

Services & Products

Gold and Silver Exchange company purchases gold, silver as well as other forms of jewelry. This is not really surprising so let’s look at what they purchase as specifically listed on their website:

  • Tangled Gold Chains
  • Gold Bracelets & Necklaces
  • Tennis Bracelets
  • Dental Gold
  • Items with Removed Stones
  • Diamond Rings
  • Unmatched Gold Earrings
  • Estate Jewelry
  • Gold Coins
  • Gorham
  • Tiffany
  • Tuttle
  • Kirk-Stieff
  • Towle
  • Gold Coins
  • Clad Silver
  • Gold Bullion
  • Indian Jewelry
  • Colored Stones
  • Pocket Watches
  • Class Rings
  • Bent and/or Broken Jewelry
  • Cluster Rings
  • Diamond Pendants
  • Gold Watches
  • Precious Gems
  • 10k to 24k Gold
  • Pearl Necklaces
  • Gold Pins/Brooches
  • Diamond Earrings
  • International
  • Lunt
  • George Jensen
  • Reed and Barton
  • Wallace
  • Silver Coins
  • Paper Money
  • Silver Bullion
  • Pearls

Apparently, the company purchases quite a wide array of things. Therefore, they can be an interesting choice if you have some items that you want to get rid of.

Moreover, in case you ever have the need for liquidating some of your assets, this company can be useful because they purchase gold and silver bullion.

Unfortunately, however, you may out of luck here if you are not living in Georgia. This is because Gold and Silver Exchange does not seem to have a mail-in process, which means you will have to go to one of their locations in Georgia if you wish to do business with them.

Customer Feedback

As usually, this section features actual online reviews and feedback about the company in question. In this case, I could only find the testimonials listed on Gold and Silver Exchange’s own website which were all positive, as you can imagine. Here are a few of them:

“I wanted to thank you for service, convenience, and friendly assistance without being taken advantage of, like most gold buyers I ran into. Highly recommended!” – David .D

“I’m happy with what I got!” – Andre H.

“I LOVE the Gold & Silver Exchange! I ALWAYS come back. Lance is GREAT…greets me by first name and is very kind. You all have the best prices in town!” – Ryan G.

Conclusion

The Gold and Silver Exchange, with nothing particularly good or bad, seems to be another moderate gold buying company. Considering the small time operation, the lack of customer reviews was probably also to be expected.

The only noteworthy fact here is that the company does purchase gold and silver bullion. This makes them quite a decent option in case you need to liquidate some of your assets in a hurry and if you are living in Georgia.

The overall scores for Gold and Silver Exchange are:

  • 5/10 – gold buyer
  • 0/10 – as an IRA service provider

Gainesville Coins

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

Considering the damages of our faltering economy, it is the right choice for setting up a gold IRA to best protect your hard earned assets. In fact many people, failing to protect their assets, have lost everything they have ever worked for.

Gainesville Coins reviewThe purpose of this Gainesville Coins review is no other than to examine this company and see whether they have what it takes to protect your assets against volatile economic factors.

Services & Products

As far as I know, Gainesville Coins may well have the most fascinating selection of products in the coin and bullion variety aspect. Some of the many coins they offer include:

  • Pamp Suisse Gloria Nativity coin set – coins showing nativity scenes
  • Atlantis Mint – silver bars featuring zodiac signs, skulls and crossbones.
  • Peregrine Falcon Birds of Prey series – coins featuring queen Elizabeth II and the famous peregrine falcon
  • Don’t Mess With Me – copper coins showing the image of an alligator

Clearly, Gainesville Coins provide some interesting products, but what about IRA services? Probably not.

Although Gainesville Coins helps you purchase precious metals for your IRA and provides some information about starting an IRA, the company is not a true IRA custodian actually. Instead they will be able to refer you to one of the many IRA custodians.

Customer Reviews

We will continue this Gainesville Coins review by showing you some actual customer reviews to give you a feel of the company as well as the way they operate.

Here is a review of a positive experience with Gainesville Coins:

“Altogether, it was a great buying experience, I am very satisfied with my purchase, and will definitely be buying from them again.” – Tom C.

However, another individual reports having a terrible customer service experience:

“So I called and tried to cancel the order. Spoke with someone and they said they couldn’t since the order would have already been processed and product readying for packaging.

I sent an email after that and only received NASTY, THREATENING emails, telling me how much they could sue in court if I didn’t sent the money order by a certain date. It only got more NASTY over the next couple of days.” – Paul P.

On the other hand, there are those who were impressed with their shipping such as this customer:

“I placed two identical silver orders; one with Gainsville Coins and the other with a Pennsylvania company. I received my Gainsville Coin order and placed another order with them two days later. I received both my Gainsville Coins orders before receiving my first order with the other company.” – Michael C.

As can be seen, reviews of this company tend to be either very positive or very negative. Therefore, Gainesville Coins has overall received rather mediocre rating scores:

  • 3.1/5 – Silver Gold Daily
  • A+ – BBB
  • 2.5 – Yelp

In most cases, the cause of negative reviews seems to be issues in the customer service.

Final Verdict

To conclude this review of Gainesville Coins, let’s give the company a final score based on what we have learned so far:

  • 6/10 – as a precious metal dealer
  • 4/10 – as an IRA option

Although Gainesville Coins is not a true IRA custodian, the company actually gives you more than one choice of IRA custodian to work with. This is better than most other companies which force you to use a specific custodian.

In the position of a precious metal dealer, Gainesville Coins offers a lot of fascinating products to choose from.

Nevertheless, the number of complaints on their customer service is noteworthy so there is no guarantee whether your experience will be satisfying.

Fidelity

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With the danger of economic turmoil and hyperinflation continuously lurking around, the savings in your precious metals IRA can actually be wiped out any time. Therefore, it is of utmost importance to find the right custodian for your account.

Fidelity reviewFor those who are looking to set up a precious metals IRA, there are many options they can turn to while seeking a custodian for managing their accounts and at the same time protecting their savings, including Fidelity Investments.

The fact that they offers a wide selection of investment options besides precious metals including gold and silver has helped giving Fidelity quite a reputation.

Nevertheless, those who are interested in opening a precious metals IRA might not always find Fidelity a good choice when it comes to protecting their savings. Let’s take a good look at this Fidelity Investments review and see why.

Available Services

As previously mentioned, you can find a wide variety of investment options with Fidelity. This can be a great advantage if you wish to really diversify your portfolio.

On the other hand, as protecting your retirement savings in precious metals IRAs is not their primary focus, Fidelity might not be your best choice in this aspect.

In addition to precious metals, Fidelity offers various other investment options including the following:

–          Mutual funds

–          Bonds

–          Stocks

–          ETFs (Exchange traded funds)

–          Sector Investing

Interestingly, the website of Fidelity states something like this: “Precious metals are generally not eligible to be held in other retirement accounts at Fidelity.”

This means that having precious metals and other investment options in the same IRA may be difficult, or even impossible.

Reviews & Comments

Generally, there are mixed opinions when it comes to customer comments on Fidelity Investments. While a lot of people love the company, there are also those who hate it.

Let’s look at a few comments.

There are those who were impressed by the customer service of the company, such as this individual:

“Especially compared with other banks that have given me the run around or sent me to talk to someone else or fill things out online, my experiences at this Fidelity branch have been very smooth, and very humane.” – Alex B.

On the other hand, here is one who is not satisfied with its Fidelity’s customer service:

“FIDELITY IS HORRIBLE. WORSE CUSTOMER SERVICE I HAVE EVER SEEN.

I recently took a SONY 401 K and rolled it over to a Fidelity IRA. Went into a Fidelity office to complete the transaction by a 3 way conference call. Was told the transactions were completed, given a confirmation number and the stocks cashed out and money rolled over into the IRA.

Check my account a week later and still in stocks. No transaction was ever done.” – Patrick E.

In response to other such complains about the customer service at Fidelity, one person leaves this comment:

“They provide guidance by appointment so the other hater reviewers should try showing up to their dentist or Gary Danko without an appointment.” – Nemanja V.

Now here are some of the numerous ratings Fidelity Investments has received:

  • 3/5 – Epinions (for their 401k services)
  • 3/5 – Yelp
  • 3.5/5 – Glassdoor
  • 47/100 – Viewpoints
  • 1/5 – Consumer Affairs

Generally, the scores are not very impressive. This is probably the result of the fact that there are very different opinions towards Fidelity as I mentioned previously.

Final Verdict

Because of the polarizing nature of the company, this review of Fidelity was pretty interesting. Alongside a lot of great things about them, there are a lot of bad things said about them as well.

Nevertheless, as this site is primarily dedicated to assisting you in finding the best custodian for your gold and precious metals IRA, Fidelity Investments will be mainly judged on that merit.

Therefore, here is my final verdict for the company: 5/10

I am giving Fidelity an average score because gold, silver and precious metals are only a few of the many options available.

While that may be a good thing, the fact that precious metals IRAs cannot be kept together with other investment options at the company as well as the overall lack of focus on the precious metal markets makes Fidelity only an average choice as far as gold and precious metal IRA companies go.

In conclusion, Fidelity may not be the first choice for purely gold and precious metal IRAs; however, there are other companies with a better focus on the precious metal markets that you may be interested in.

Bullion Vault

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

BullionVault, an online precious metals company, at first glance appears to have a very good image: it is member of London Bullion Market Association (or shortly LBMA) and is rated A+ by the BBB. This company’s website, BullionVault.com, has the Bullion Vault reviewmost attractive wholesale prices in the market regardless of your order’s size and their services are ready to deliver your metals to any legitimate vaults in the Brinks or Via Mat Storage.

  • Location : New York, NY and London, GB
  • WebsiteBullionVault.com
  • Business Established : March 2005
  • BBB Accredited : Yes
  • BBB Rating : A+
  • Metals Offered : GoldSilver, Platinum
  • Ships To: (Brinks or Via Mar Secure storage vault)

Pricing and Selection

BullionVaults offer cheaper and more attractive deals to investors in the way that they sell the bullion stored in the market approved vaults controlled by Brinks or Via Mat instead of trading the physical bars and directly ship to customers. Though being conducted online, these bullions are still of the qualified size and purity as the common request in the market but with cheaper prices, explaining why investors really enjoy this precious metals online bullion trading. We have a chart regarding the gold purchases as well as the commission rates every year as below: Apparently the commission rate of BullionVaults for gold trading is at a much lower level than those applying for physical gold at APMEX, JM Bullion or Provident Metals which often stands at 6% or 7%. Different customers also have diverse demands as some might choose to have specific gold and silver bullion bars and coins and hold their physical ownership. On the contrary, others prefer them to be kept securely off site. You can see different approaches towards owning silver or gold bars though these bars are quite cheaper.

Good Delivery Gold and Silver Bullion

Good Delivery bullion is a set of standardized rules regarding the minimum purities, sizes, dimensions and appearance for the bullion published by the London Bullion Market Association (LBMA). Here are some rules for the good delivery gold bullion and silver bullions from that set we would like to introduce you Good Delivery Gold Bullion Bar

  • Each bar must be at least .995 pure
  • Each bar must contain a serial number, refiners hallmark, fineness and year of manufacture.
  • Each bar must be 250-430 troy ounces in weight.
  • Dimensions must be; 210-290mm x 55-85mm x 25-45mm.

Silver Bullion Bars

  • Each bar must be at least .999 pure
  • Each bar must contain a serial number, refiners hallmark, fineness and year of manufacture.
  • Each bar must be between 750 and 1,00 troy ounces in weight.
  • Dimensions must be; 250-300mm x 110-150mm x 60-100mm

This good delivery bullion bars rule ensures that the gold and silver bullion are of the standardized size and also of the higher weights and purities than the ordinary physical gold and silver bars, explaining why this method is preferable by the high-class investors such as central banks, etc.

Shipping Rates and Secure Storage

Learning about the fees of BullionVaults is quite a pleasant experience. First, they do not charge you the shipping and handling fee as the bullions are already in safe vaults. Second, annual charge for metals storage at Brinks or Via Mat would stand at only 0.12% (if it is gold) or 0.48% (if it is silver) and this fee also covers the insurance, which make it unbelievably cheaper than other rivals.

Funding BullionVault account

Funding BullionVaults accounts is fast and efficient as it could be done via bank wire, ACH and check. As your account is funded, you have complete access to the bullion market. Very easy right? BullionVaults also has the fastest process as there is no need to wait until you money is cleared and your metals are delivered. In most of the case, all would be done in an impressive period of 15 minutes.

Safety Method

There are a lot of methods available for investors so that they could check immediately where their metals are and whether they are stored securely or not. First, the presence of numerous checks and balances help you locate and ensure the safety of your Gold and Silver. Second, BullionVaults policy also guarantees the secure of your investment as each of its storage falicities has to carry out daily audits for all of their inventory. You see, various methods are being applied to help you feel safe about your money. There are some checks and balances which I could introduce you below:

  1. A bullion withdrawal must be declared publicly by BullionVaults on the front page of its website and notified to the vault operator, all using the trader’s alias. Therefore, every trader could ensure the withdrawer is not taking their money. If they are not satisfied with this, another choice is left for them as they might check the withdrawal via the Daily Audit to see whether he or she has enough metals or not.
  2. There is also a deal between us and the vaults controllers which forces them to check the transactions and suspend them if they fails to meet with all requirements specified in the check.
  3. BullionVaults also has another extra safety method which is mentioned in the storage agreement that the vaults controllers would limit the withdrawal amount to the maximum of 5% of the vaulted total in a day. However, it also leaves a way for international bullion shipment which would allow vault-to-vault transaction in case of global crisis, making customers move their investment.

BBB Review and Complaints

Bullion Vault Inc. is truly a prestige company with a very good reputation. No complaint has been raised against it through the Better Business Bureau which is almost unbelievable comparing with other online precious metals dealers. It also has an A+ for years, but still lower than most dealers who sell physical products. This company is also invulnerable against any lawsuit or government action, which means their activities are comprehensively legitimate.

Conclusion

We strongly believe that BullionVaults is a very good company in the market. It has countless positive customer reviews and no bad comments or accusations of fraud or scam. Moreover, the company’s policy to conduct business through a third party’s storage – the brinks and Via Mat also ensures the safety of the traders’ investment and reinforces its reputation naturally.

Gold IRA Rollover and Portfolio Diversification

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

Investors whose funds are in a former employer’s 401(k) or other retirement plan are looking for alternative methods of using their money to fulfill their goals of retirement savings. The traditional investment accounts, in many cases, cannot make the goals of today’s retirement investor come true. Considering the modern investment market as well as the overall picture of the economy, investors would be wiser to choose other options such as a gold IRA rollover.

IRA Rollover – What Is It?

Best Gold IRA CompanyAn IRA rollover is, essentially, a transfer of funds from a retirement account into an IRA account, which exists in two types: a traditional account or a Roth. We can conduct the rollover via direct transfer between two financial institutions or by using check, in which case the initiating institution will write a check to the account holder who in turn deposits the funds into the IRA account at the financial firm at the receiving end.

Investors should always keep in mind that using the second method to conduct the rollover will result in a 20% withholding penalty applied before the check is issued to the account holder. As a result, account holders should consider the first method, which is doing the rollover from one institution to the other, in order to avoid this penalty.

Moreover, even though there is no rules stating the limited amount of funds that can be transferred into the IRA account, many IRAs only let investors do one rollover each year from one IRA account to another. The one-year calendar time frame in this case will normally start at the time we make the first distribution.

IRA Rollover: Why We Should Use It

Doing a rollover of funds into an IRA account can be very beneficial to investors. The biggest advantage is that investor can enjoy a much wider range of investment vehicles with their funds in an IRA account.

For instance, depositing their funds at a former employer’s 401(k) plan will likely limit their investment choices to just a handful or mutual funds or the employer’s stock shares (if available).

Besides the advantage of diversifying their portfolios, investors can also enjoy the tax benefit that comes with IRA investing. This benefit differs between different types of IRA account. In particular:

  • Traditional IRA Account: this type of account enables the investor to (within certain income guidelines) deduct his/her annual contribution. The funds remaining in the traditional account are allowed to grow on a tax deferred basis, which could significantly compound the investor’s assets over time.
  • Roth IRA Account: this type of account does not allow the investor to deduct their annual contribution. Instead, the funds in the Roth IRA account can grow tax free, and withdrawals from this type of account also come out on a tax free basis.

Why Should We Add Precious Metals to Our Retirement Portfolio

Even though many investors can realize the actual benefits of an IRA rollover, their IRA accounts are rarely funded to their fullest advantage. Investors normally try to diversify their portfolios by adding stocks, bonds or even mutual funds into their IRA accounts. This, unfortunately, is not good enough.

A preferred method of diversifying an IRA account, protecting and allowing the assets to gold at the same time is to add gold or other precious metals into the portfolio.

Gold and other precious metals have always been investors favorites thanks to their growth in value, their ability to hedge against inflation, and to protect the investors’ assets against a volatile stock market and overall unstable economy.

How to Begin with a Gold IRA Rollover

Gold IRA for Retirement PlanStarting a gold IRA rollover requires the investor to find a custodian who specializing in self-directed IRA accounts, which is a bit different from tradition or Roth IRAs in that the individual investor is completely in charge of making all of the investment decisions. Thanks to this distinctive feature, self-directed IRA accounts offer investors a much greater opportunity to diversify their portfolio, as well as the possibility to add gold, silver or other precious metals.

There are many IRA custodians in the business today, and a typical name is Regal Assets. These custodians’ job is to provide you with the paperwork to open an account directly on their website, which means allowing investors to open their IRA accounts.

How to Fund a Gold IRA

After a gold IRA is successfully opened, investors can choose to fund their accounts using one of the methods listed below:

  • Annual Cash Contribution – In 2014, the maximum annual contribution allowed for investors aging 49 and below is $5,500, and $6,500 for those aging 50 and above.
  • IRA Transfer – This method lets investors transfer funds into their new gold backed IRA account from an existing IRA account. The transfer will move funds directly from one IRA custodian to another. Investors using this method cannot receive the funds at any time during the transfer.
  • Rollover –Investors can roll funds from their retirement plans over into their gold IRA accounts. Using this method will enable the investor to significantly increase the funds he/she has in the account, which can be in turn used to buy gold and other precious metals. This method does not trigger any tax penalties. It is important to remember that the rollover must be completed within 60 days, and that investors can only do rollovers with the same money once every 12 months. Doing otherwise would result in the investor’s funds losing their tax deferred status.

Next Step

If you are considering truly diversifying your own retirement IRA account, an addition of gold is highly recommended. Gold and other precious metals alike have always been the symbol of wealth, and their values are expected to keep growing in the future. For the best place to buy gold or precious metal, check out our Top 5 IRA Company!

Dallas Gold and Silver Exchange

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One of the greatest fear of human being is to lose everything they have earned and saved for their lifetime. In fact, that happens quite often during the Great Recession and in recent financial crisis, urging people to seek for shelter for their money since financial assets such as stocks or currency become too risky while the profits they bring back is equivalent. Active customers are now moving their assets to another more promising market, which is not only safe as it is backed by real gold, but it also very profitable. I am talking about the Gold IRA market.

Dallas Gold and Silver ExchangeIn this review, we will see whether Dallas Gold and Silver Exchange, a typical company in this market, could give you the best solution.

Services and Products

Dallas Gold and Silver Exchange has two basic functions. First, they buy precious metals, not everything but some in the list below with the budget they ensure for purchases over 10 millions, making them ideal for those who want to liquidate their assets:

  • Jewelry
  • Watches
  • Rare Coins and Currency
  • Bullion
  • Collectables (antiques, sports memorabilia, etc.)

Dallas Gold and Silver Exchange reviewThe second operation of Dallas Gold and Silver Exchange is to sell those metals mentioned above, so if you need kinds of those, just think of them. It’s a pity that this Company doesn’t include IRA services in their activities, meaning you have to know exactly what you are going to buy from them.

Customer Reviews

The best evaluation is not ones made by experts but from real customers. So in this part let’s see how others perceive this company:

The first customer is quite impressed by their good prices

“My main business here is to sell Rolex Watches and buy some, for which I have been working with them for years and I am absolutely satisfied with their prices. Those guys are great, especially David from the Watch Department. He’s awesome!”– Samuel L.

The next guy had a bad impression as these guys surprisingly didn’t know anything about Rhodium:

“I used to trade very often with this store when it was at the old location. Unfortunately, this new place really upsets me. First, I feel not very welcomed here, well maybe just my feelings. However, the next thing just shocked me more as they didn’t know what Rhodium was when I said I wanted some Rhodium Bullion or coins. Ok, they don’t have that, then I would buy some Gold stuff instead but again, they didn’t allow me to choose the type I preferred among Swiss Pamp, Englehard, Credit Suise, etc. you know, it wasn’t easy feeling when you walked in with 12,000 cash and leave with empty hand.” – Pepe R.

This customer feels good about the service, but has some complaints about their prices:

“Their service was perfect but I feel that they underestimated my assets as they offer a lower price for my necklace than other Jeweler in Waco did” – Daniel A.

In general, this company gets a fairly good price as below:

Google Reviews – 3.4/5

Yelp – 4/5

Yellow Pages 4/5

BBB – A+

Conclusion

Here are our scores for the Dallas Gold and Silver Exchange:

0/10 – as an IRA option

6/10 – as a precious metals broker

These scores are based on our evaluation about their services as well as feedbacks from customers. As an IRAs broker, this Company do nothing much, explaining why it gets a zero score. However, considering it has a precious metals dealer, I see some interesting points as it also sells and buys some rare stuff like sports memorabilia and antiques. In addition, the ability to make a deal of up to 10 million dollars is also an interesting partner for anyone who often carries out big deal.

Crescent Jewelers

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

While Gold IRA is rising as a new promising market for customers who longs to protect their money from the dying US dollar as well as hyperinflation and weak economy, there are still different options if gold IRA is not your favorite. One typical candidate of those options is the jewelry market.

Crescent Jewelers ReviewThis review would introduce you a company in that market, the Crescent Jewelers to have an overview of their service and what they provide to customers and to see whether it is a good option for customers who have no interest in the gold IRA.

Services and Products

Crescent Jewelers seriously focuses on high quality diamonds. You can see this easily by dropping by their website, which is a surprisingly useful library in which you could learn everything about diamonds including how to check their clarity, color, cut, carat and also the stores where you can look for qualified diamonds. One special feature on their website that you must try is the assisting function helping people design their diamond jewelry, very convenient especially when you have specific needs.

Crescent Jewelers do provide other Fine and Precious grade jewelry rather than diamond but as their website does not display their inventory, so we could not verify this. In addition, if you want to sell your jewelry, you should know that this Company also buys jewelry including diamonds, gold, estate jewelry, and antiques.

Customer Reviews

This part would show you how customer evaluates Crescent Jewelers products and services.

This customer had a good experience selling his silver for Crescent Jewelers:

“The hold team I met was awesome. Bill, Colleen, Maria were so friendly, professional and knowledgeable. They offer me a nice deal for those silver coins that I completely forgot in my closet. Well, before bringing my silver to them, I did research on some sites, trying to determine the prices for those coins and also to find out which stores I should bring them too. I choose this Company as it has the most positive feedbacks and fortunately, those feedbacks are true. Trust me, they are great.” – Bob A.

Not buying or selling, this customer just brought his watch here to get it fixed but he was still so pleasant with their service:

“The service is very good considering I was definitely not a promisingcustomer with big deals. Their staffs are very professional and friendly. I think they’ve got a loyal customer!”– LA.

This time, we also review froma former staff of a company. Let’s see how he/she talks about this Company:

“It’s a pleasure to work here. Everything was great, from customers, stores… You learned a lot!” – Keven B.

Some scores from other sites show very positive sign:

5/5 – YellowPages.com

5/5 – Yelp.com (Lansing IL)

4/5 – Yelp.com (Sacramento CA)

3.8/5 – Indeed.com

A+ – BBB

Conclusion

We also have our own scores for Crescent Jewelers as follow:

0/10 – as an IRA option

8/10 – as diamonds dealer

If you are not interested in diamonds, then we suggest you find some other dealers since diamondis somewhat different from other kinds of investment. However, incase you need to sell or find some jewelry; Crescent Jewelers is undoubtedly a good choice.

DBS Coins

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

Whoever is moving their assets to the Gold IRA market is really smart one as nowadays, it is one of the best way not only to protect your savings, but also to gain benefits from it.

DBS Coins ReviewToday we would like to introduce you a company in this market and have our own conclusion on how it could protect people’s savings and make the profitable.

Services and Products

First, put in mind that this Company is a precious metals broker, not an official IRA custodian. However, they still provide you with some IRA services if you want to start your business as an IRA. Those services are obviously limited as they only give you two choices: Gold Star Trust and New Direction IRA.

DBS Coins trading list covers four main products: silver, gold, platinum and palladium (but at the time we wrote this review, no palladium available in their list). Both gold and silver could be traded as coins or bullions. Furthermore, the price also ranges quite vastly as their offer can be as small as $20 or as big as $10K.

Customer Reviews

This part would show you how customers think about this company. Those feedbacks are the true images what DBS Coins serves their customers:

The first customer in our list is quite happy while trading with them:

“They’ve got a loyal customer! I was totally impressed by their website, absolutely professional. The staffs were friendly and more than willing to help. They showed their devotion as they cared about even the smallest thing, the package of my gold. That’s just great.” – Grace H.

On the contrary, this individual is quite unhappy had trouble with the communication and shipping stuff:

“Well, no clear guidance, staffs weren’t really helpful and I have to wait very long before get my order” – Luis S.

Communication seems to be on top of the complaint list, as this customer had to deal with that as one of his vast problems:

“At the beginning, things seemed to be perfect. The staff who I talked to was really nice until I realized he shipped my order to MA, not CA. When finding out about that mistake, he tried to fix that by offer me a minor discount and he did that by adding to the invoice more instead of subtracting. A conformation was sent to my bank wire with his words what he would send another invoice as well as tracking number after the products left but that never happened. I tried to contact him, got his promises and was upset again as no action was taken every time.

So here my words: never trade with them, poor communication, errors, scam!” – Aton T.

Some scores are available for this company as below:

3.6/5 – Gold Dealer Reviews

A – BBB

AA – BCA

Conclusion

Finally, we’ve released our own scores as follow:

3/10 – as an IRA option

7/10 – as a precious metals broker

This company does not have as much complaints as other rivals I have reviewed in the market, which I find really surprising. The apparent weakness I could see is the fact that they limits their IRA custodian options to two, which is quite annoying for those who want a wide range of choices for their business.