Gold IRA Rollover and Portfolio Diversification

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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.

Panda America

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In such a faltering economy nowadays, it is possible that you can lose all your savings in a blink of an eye and all those years of hard working just go straight down the drain. However, you can protect yourself and your savings from the threats of the economic panda america reviewmeltdown by carrying out gold IRA investments. In some cases, your savings can even grow bigger and you can earn profit from this investment.

In this article, we will talk about Panda America to learn more about their services and products, and to check out whether they are worth your investment to protect your retirement savings.

Panda America Services

Panda America offers a diverse variety of coins to their customers, including various coins from all over the world like the Chinese Pandas, coins from Singapore, the US, German coins, etc.

The business focus of Panda America is not only coin collectors, but also customers that want to buy bullions, Chinese Panda coins, and even silver bars.

Panda America also has a very fascinating product – the coin bezel. You can put the coin you purchase from Panda America into the bezel and make it a fashionable pendant. This item is very interesting and useful. However, I suppose you shouldn’t use it with precious metals of investment grade.

This company has a store on eBay with lots of customers and they seem to have a good reputation.

There is nothing more to talk about Panda America. All of their products and services have already been mentioned above. On their website, I found a section called “Collectables”, but currently it is still empty.

An important note about Panda America: they are NOT an IRA custodian and therefore do NOT have IRA service.

Customer Reviews

In this part, we will read some customer feedback on Panda America to see what people say about this company and their attitude towards the service quality.

This feedback from a customer complaint on the price quoted at Panda America that was claimed higher than at anywhere else:

“Panda America is very professional and reliable. But their prices are higher than those from other dealers. They have a store on eBay and I have done great business with them through eBay, but the prices they offer on their site are far from competitive.” – Ethan

This long feedback complaint that the quality of customer services went down remarkably during the past years:

“It has been 5 years since I started buying Chinese Panda coins from this company. However, ever since 2012 till now, the customer service at Panda America has gone down incredibly. My recent orders with them have been late for delivery several times and they even deliver the wrong items. My order was clear that the product I wanted was 2010 panda coin, and the coin I received in the package was 2013 coin. Also, an item went missing although they already received my payment for it. I put that item on back order and ended up waiting for many months to actually receive the coin, yet they already took my money in the first place when I placed the order. I tried to call the customer service to solve this annoying problem, but to no avail. I will find another dealer for my future business.” – Hunter

And on the contrary, the reviews on eBay are mostly laudation.

“Outstanding dealer! Many thanks! A+

Exceptional products and delivery, Package comes as described. You are great! A++.

My items were delivered with professional packaging. Great!”

Generally, the score for Panda America is not very positive, but that is because only one or two reviews contribute to rating this company. On the contrary, their eBay score is very appealing.

1.7/5 – Gold Dealer Reviews

3/5 – Yelp

100% Positive – eBay

No rating – BBB

Conclusion

The outstanding feature of Panda America is that they offer a very diverse range of coins from all over world. These international coins are not easily found at any other store. Another great thing about this company is their bullion items. However, they are NOT an IRA custodian and offer no IRA service, so I cannot recommend them to you. But if you are an experienced investor who knows very much about making investments into precious metals, or if you are performing investments with the assistance of a certified IRA custodian, then you can check out the wide range of products at Panda America for your investment.

The company receives many negative reviews about the bad customer service, as well as the quoted prices on their website that are considered as unattractive. On the contrary, reviews about their eBay store are mostly laudation.

So I give Panda America the final score as follows:

  • 7/10 if you want to buy coins from them
  • 0/10 if you want to find an IRA custodian for your retirement saving

Bullion Direct

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The recent economic crisis alongside with the dying US dollar and the inflation have pushed people to find shelter for their savings as it is now easier than ever before to lose your money in just an eye blink. Some has discovered a perfect solution, the gold IRA market as a new method to keep their money safe. However, to be honest, this is Bullion Direct reviewdefinitely boring to just keep your money as gold or other precious metals in the bank accounts because we have better solutions which could not only act as your custodian but also bring more profit than you could imagine. Let’s take a look at the Bullion Direct and find out what service could this company offer you to.

Services and Products

The first thing you need to know about this company is that it is not a gold IRA company anymore. They have stated clearly on their official website, claiming that Bullion Direct no longer supports new IRA enabled trading accounts but still takes care of the existing ones still. Instead, they have a completely new vision for the IRA program, which is to develop an integrated, efficient and self-directed solution that could turn the operation and management of an IRA enabled trading account into an easy and comfortable experience. Therefore, our main path now would be to build the business relying on the self-directed model and provided Standard traders with the best service. Furthermore, the IRA program would also be reactivated once other targets are acquired.

Though it is not an IRA gold company anymore, Bullion Direct still carries out the selling activities of gold, silver, platinum and other precious metals. In addition, they also have a very interesting program which is called Nucleo Exchange Program. It is basically a real-time platform which enables traders to anonymously carry out business such as buying and selling precious metals in real time. However, their website is obviously a disadvantage as it is messing, hard to navigate around and find what you want.

Customer Reviews

Customer reviews are always the best solution to see how effectively a company is running.  Below are some reviews for the Bullion Direct that we take from other traders in the market:

You might be surprised, as other customers, about the fact that there is no phone number available at Bullion Direct. All activities are supervised via email only and many find it to be extremely inconvenient:

“It is definitely unacceptable not to have a phone number while you are such a company like this. You are holding our investment, so I need someone real that I could speak to and be able to answer my questions instead of writing several emails to get your dubious response. I think this company must change the way it communicate with its customers otherwise I would never do business with them again” – Gerrad P.

Another miserable customer had difficulty with both customer service and the Nucleo Exchange Program:

“I use the Nucleo Exchange to buy some silver rings. Then I sent them through a Money Order, clear it and paid the balance. After that, I wait for the compulsory clearance period right after made a Product Draw request. As the Product Draw cleared and it turned to the “Pending Shipment” mode, it is supposed that the silver rounds must have been shipped, but that never happened. I emailed them quite a few times and asked for the cancellation of the Product Draw. But they made no response at all!” – David A.

However, not everybody has trouble contacting Bullion Direct as this customer describes how it is easy for him to get their response via chat:

“I once had same communication problem with Bullion Direct via email without phone number, but one day I tried another way, the chat box and amazingly they are responsive quite quickly. Since then, that is the only way of communication between me and them.” – Daniel A.

Unfortunately I found no chat service after scanning their website, noticing that they have a forum community. Though this company has operated since 1999, we found not much of their information available publicly except those on the Gold Dealer Reviews, which might explain for the limited scores that we discover below:

2.7/5 Gold Dealer Reviews

A+ – BBB

Conclution

This company has some very serious troubles regarding its customer service and those accusations of scam. Furthermore it is unbelievable that it has been in operation since 1999 without even a phone number and such a bad website like that. Therefore, I grade it 3/10 and I strongly recommend you to keep your money somewhere else.

Blanchard

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

Are you scared of the current economic situation where you could lose your entire life saving in just a moment due to banking crisis, inflation or a dying US dollar? In fact, many people are struggling to protect their money as their investment choices are becoming narrow day by day and the things left also contain various risks. There is still Blancharda shelter for investors where the traders still see their fortune rising everyday. It is the gold IRA market. Today, we would carry out a review about one of the best companies in this market: the Blanchard and see how it could help protect your saving in such a chaotic economy like this.

Services and Products

The product list of this company surely surprises you as it lasts from gold to silver products in a variety of form including coin, bullion or investment grade coins. Their website is another bonus as it provides us with bunch of information regarding the precious metals, market condition and investment. However, a serious drawback of this website is that it is designed carelessly, resulting in messing information and popup window which indeed causes confusion for customer. Apart from its website, Blanchard also faces with a challenge since it does not act as an IRA custodian but form an alliance with the Goldstar Trust Company, the only option for you while trading with them. Therefore, if you are the one who prefer various custodian choices for business, it might be a very annoying problem.­­

Customer Reviews

This section is reserved for customer reviews about this company, which we find some negative comments particularly regarding their policy which is to charge the storage fee even the customers do not store anything.

“Although I clearly stated that I didn’t need the storage space, I have to pay a total of over 400.00 for Gold American Eagle in the accumulation program, some of them are undoubtedly the fee for storage even I didn’t store a thing.”– Xavi H.

Another customer challenges Blanchard’s custodian policy which offers only the Goldstar Trust Company as the trustee:

“At first my wife didn’t have a self-directed IRA so Goldstar Trust company is the only trustee option for me as Blanchard suggested. However, now I have my own money and my wish is to keep doing precious metals investment with my existing trustee who not only owns my self-directed IRA but also associates me for years and consults my non-traditional IRA investment which is far more valuable than this gold investment. Nevertheless, Blanchard refuses my requests, as they mention it is their policy to have only one trustee – the Goldstar Trust Copmany”– Charles P.

This customer faces an extremely unpleasant experience with Blanchard as they sent him an empty coin box:

“I placed 20 franc gold Rooster form Blanchard Online and all I got was an empty box, completely blank. Surely it is not the postal employees to be blamed as I received this box in mint condition, securely sealed. I contacted Blanchard, looking for further explanation. They did tell me that they would response with proper answer but they did not. Instead, it was me who recontact them to receive another unacceptable excuse that someone that the post might take them. What did they offer me? Look in the box to find them again!! In the end, I would never see the coins I ordered.

I swear that I would never trade with this fraud Blanchard Gold Online again. SCAM!”– Leo .M

Below are average score for Blanchard:

1.2/5 – Gold Dealer Reviews

3/5 – Silver Gold Daily

A+ – BBB

Conclusion

We have our own view for this company, explaining why we have our own scores for them as follow:

1/10 – for IRA services

4/10 – as a precious metals dealer

Things seem to be fine if you follow their custodian instruction but if you take another choice rather than the Goldstar Trust Company, you are completely on your own. Initially, Blanchard is an average company with various products and an informative but poorly organized website. Nevertheless, as I had an overview of the comments, especially some serious accusation about this company, I got a bad feeling and I believe that it is risky to put my saving here.

Birch Gold Group

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

As the US dollar is suffering from a slow and painful death, it negatively affects thousands of people who have been investing in risky assets using their hard-earned retirement savings. As a result, wise investors are now switching their attention to gold IRA for protection of their assets.

Birch Gold GroupIn this review, we are going to discuss Birch Gold Group in order to find out whether we should entrust this company to protect our assets from the chaotic economic climate.

Birch Gold Group Review

Unlike most companies I have had the opportunity to review, who are just a dealer of gold and precious metals, Birch Gold Group is an official gold IRA custodian. As a result, you can expect the services that a custodian should offer: buying gold and silver, 401k rollover service, etc.

Besides, they also list on their website the information for current gold and silver prices, as well as a wide range of retirement options. They also offer information for platinum and palladium even though they do not offer these types of metal.

As much information as they offer on their website, there is a lack of information on the company itself and the people behind it. This should not be a major concern for us, but it seems odd for me.

Customers Review

In this part of the review, we are going to look at several reviews written by the company’s previous customers in order to know better how they do business.

The first customer appreciated the good customer service here:

“I really appreciate the good job done by Scott Anderson on my account. During the process, Scott was fully dedicated and always put my comfort on top. All in all, this seems like a professional company with some good staff.” – Danni .W

The second customer also had a good experience when using the rollover service of their 401k:

“I want to send a big ‘thank you’ to Birch Gold Group for giving me all their help when moving my 401k into a gold IRA. They always tended to me every step of the way.”– Alexander .B

Most reviews I found are positive, but I managed to find a negative review for the company. This customer was not happy with the company’s allegedly marked up prices and one manager allegedly using a fake name:

“Whoever you sent to the company didn’t even verify who he was talking to, he was using a fake name, his name isn’t even Vince Miller. Why would a manager of an honest company use a fake identity? What about the names of all other officers of the company? Why would they hide their real name? Who really owns the company?

They state that you will receive exactly $1,000 worth of gold or silver if you want to buy exactly that much. However, they do not reveal their markup on profit to you. Then let me tell you: their mark up on collectible gold and silver is 30%, and on bullion gold and silver is about 2%.” – Bill .B

Overall, the company appears to satisfy most of its customers, except for a few negative cases. Below are the ratings for Birch Gold Group that I managed to collect from different sources:

5/5 – Yelp (based on 1 review)

5/5 – Trust Link

2.5/5 – Silver Gold Daily

A+ – BBB

Conclusion

To conclude this review, I decided that my rating for Birch Gold Group should be 8/10. This score is based on my own research and what other people said about the company. In fact, I had quite a hard time looking for negative reviews.

From what I know about the company, the only thing that may lower the cause is the fact that the company is not very willing to share information on themselves. I’m not sure whether the review claiming that a company manager is using a fake name is reliable or not, but one thing I know for sure is that it is hardly possible to find any reliable information on the people behind the company itself.

Austin Coins

Are you concerned that the current chaotic economy will cost you your entire retirement savings like many others? As the value of the US dollar keeps dropping, more and more people are seeking safety from gold IRAs to protect their hard-earned savings.

Austin CoinsIn this review, we are going to analyze a company called Austin Rare Coins in order to find out what they’ve got to offer, and whether you should entrust your savings to them.

Austin Coins Review

Austin Rare Coins (also called Austin Rare Coins and Bullion), as the name says it all, is a dealer of precious metals such as gold, silver, platinum and palladium in the forms of both coin and bullion. One unique thing about Austin Rare Coins is their selection of ‘ancient coins.’

You know ancient coins: some of them are literally thousands of years old. Due to their rarity, ancient coins are ridiculously expensive. For example, a coin that was issued during the time of Alexander the Great costs an incredible $12,381.06!

As great as they are, investment in rare ancient coins could also pose a problem: in case their value increases and you want to liquidate them, it is extremely hard for you to find someone who would agree to buy it. Due to this nature, rare ancient coins are more suitable for collection than investment. Another point about Austin Rare Coins that is worth mentioning is that they are not an official IRA custodian, but they agree to refer to you Goldstar Trust Company, which is the only choice you could get from this company.

Customers Review

In this part, as usual, we are going through some reviews of Austin Rare Coins written by previous customers in order to know better the way they do business.

The first customer had nothing but positive comments for Austin Rare Coins:

“They know what they are doing. The customer service was great. So far I have purchased Gold, Silver and Rare Coins from them. I was very satisfied with all of the transactions and I will surely return.” – Matt B.

The next one comes from an individual who called the company to set up an appointment the next day because he wanted to buy some bullion in person:

“The next morning I withdrew the amount of cash necessary to make the purchase, and drove to the store for my appointment. When I came there, they told me that they already sold the bullion yesterday. Of course I was annoyed because he made me come all the way to hear this when he obviously could just give me a call. The previous day I told him on the phone that I had wanted to buy the bullion immediately, not order it. He did not seem to be apologetic in any way.”  – Healther T.

The last review comes from an individual who was led to believe that the way Austin Rare Coins do business was a real hassle:

“The representatives on the phone were courteous, but they want to set up an appointment for everything. This did not really concern me. They may have good prices, but I will never get to know because I don’t want to jump through all of those hoops to get to them. I’d just hire an investment broker if I needed one. I was just looking for a place to buy gold and silver.” – Justin B.

I managed to find several ratings for Austin Rare Coins from different sources:

3.6/5 – Google Reviews

3/5 – Yelp

A+ – BBB

Final Verdict

To put an end to this review, I will give the company my ratings, which are based on what I’ve learned about it and what others have said about it. My ratings for Austin Rare Coins are:

2/10 – as an IRA service

7/10 – as a precious metals broker

In terms of precious metals, Austin Rare Coins does offer us a decent selection. As mentioned above, what sets them apart from other companies is their selection of ancient coins, but I don’t really think those are the most ideal investment choices. Coin collectors may find these products appealing.

If you want to find a custodian to help you set up an IRA to protect your retirement savings, there are many others out there that could do better. Austin Rare Coins does have a 5-step process for doing it, but it seems the company will only work with Goldstar Trust Company. I may be wrong, but in fact that is the only option I found from their website.

Apmex

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As more and more people are losing their entire investment plans due to the unstable economy, the role of gold and precious metals custodian who can help protect investors’ savings has become more important than ever.

ApmexIn this review, we are going to discuss a particular gold and precious metals investment company called Apmex, which was founded in 2003. After the review, you should know what this company offers us, and whether you should choose them as your custodian.

Apmex Review

Apmex offers a wide range of gold and other precious metal for investment purposes. One of the most attractive features of this company is their impressive list of products for you to choose from.

The company also offers IRA approved metals, so that you can easily find what you need to include in your IRA account. You can order most of their metals online. In order to include IRA approved metals in your portfolio, however, you need to call and meet a representative.

Other benefits offered by Apmex include: the services of storing your gold in vaults, managing your account, and the resources on their website for studying anything you need to know about gold and precious metals investing.

Apmex reviewOn the whole, Apmex looks like a decent company in terms of services and information. There are still, however, several problems that still annoy me. Read on to the next part to see some critical information on this company before deciding to do business with them.

Customers Review

In this part, we are going through some reviews on Apmex by their previous customers, so that you can tell whether they are really reliable as a business.

The first customer complained about Apmex’s payment and shipping policies.

“Placed an order of over $5,000. Sent a personal check. They received the money (with confirmation from the bank). It took 5 business days to ship. Seriously, this makes no sense at all. Keeping my money for 5 days for what? To check whether the money is real?

The shipping policy is also terrible, and customer service reps and supervisors are often rude.

Stay away from APMEX if you are serious about your purchase. Wire transfers and personal checks are dubious anyway. They requireover $100 if you pay by credit card, a way to discourage the buyers from using credit cards!” – Christian E.

You should also be able to see the problems with Apmex’s payment policies as detailed in the reviews below:

“This is perhaps one of the WORST customer service oriented precious metal company I could think of. They charge $35 for cancellation of an order. What the hell? Nobody does that.

What’s worse is that they will haunt you, hunt you down and call you till you accept to pay.  I had to paid eventually, but I am gonna find out all the possible ways to get my $35 back.” – Mario B.

“DO NOT order. I ordered the first time using credit card, and everything went OK.
The second time, however, I was just looking for a way to order using personal check, wanted to see if I need to give them my routing number etc and just like that my order was placed, and I received a warning that my credit card was not charged but they have it on file, but I certainly DID NOT ORDER.I tried calling customer service and was told that if I cancel my “order”, my credit card will be charged $35.” – Andy A.
“My friend and his son came over my house. The little 6 year oldboy decided to jump on the computer and press some buttons. He accidentally pressed “Send” and now Apmex is trying to take me to court for $500 dollars. 80,000 purchase no track record of ever trying to get out of a sale. Made one mistake and now they are sending me demand letters, certified letters just to get the $500 from me. They are a bunch of crooks.” – Kelly B.

Just to make sure there is no bias, here is a positive review for Apmex:

“It’s strange to see so many people complain about Apmex as I have nothing but good things to say about them. All of my orders have arrived within 3 days of payment. The customer service is what keeps me coming back even when I can buy silver and gold bullion at a cheaper price from another company.” – Justin T.

As you can see above, most online reviews Apmex received seem to be quite negative. Below are their ratings that I collected from various sources:

A+ – BBB

5/5 – TrustLink (based off of 1 review)

4/5 – Silver Gold Daily

2/5 – Yelp

I know you think it’s strange to see such as difference here. Apmex received acceptable scores for the most part, even when they received quite a lot of negative reviews and complaints.

Conclusion

Apmex, as a business, Apmex, seems to have it all: it buys gold from customers, provides them with necessary information, and other similar things.

When it comes to customer service, however, almost all of the feedback received is negative. They all complained about the payment procedures, in particular the charge for cancelling orders.

All that considered I decided that my final score for Apmex should be: 4/10

It’s hard for me to make this decision. On one hand, Apmex appears to be a great investment company that provides their customers with a lot of products, services and information. On the other hand, I cannot ignore all the definitely negative reviews from their previous customers.