Choosing the right precious metal source to invest in gold or silver is key. It is important to consider these points when choosing a precious metal company to purchase precious metal coins.
Online Product Pricing
When choosing a precious metal company, only consider companies that offer transparency by posting their online product pricing. Most precious metal companies refuse to offer online product pricing. If you must ask to confirm the price of a precious metal product, you’re talking to the wrong company. Common sense should be utilized when choosing a precious metal source and hearsay today is unenforceable in a court of law tomorrow. If a company offers competitive pricing, they will openly promote and advertise their product pricing online. If a company refuses to post their online product pricing, then that company has made a conscious decision to hide their inflated product pricing from the consumer.
Investigate and Confirm
When it comes to precious metal investments, reputation is everything. A dealer’s reputation should reflect a track record of performance, honesty, and customer satisfaction. Before finalizing a precious metals IRA transaction, take the time to research the dealer’s background and gather feedback from other investors’ online reviews. You can look for online reviews and ratings on non-biased and trusted platforms such as Retirement Living, Consumer Affairs, Trustpilot, Google reviews, and the BBB to gain insights into a dealer’s business practices. A non-biased and trusted review site will provide a physical address in the US, a valid contact phone number in the US, and offer a platform for customers to post their personal experiences.
Research and Verify
Experience also plays a crucial role in the precious metal industry. Dealers with a long-standing history in the market are more likely to offer more program providers for services in commercial storage facilities and retirement custodians. A well-established dealer will also have streamlined their customer support processes, ensuring a seamless buying and selling experience. A company with a valid track record will have hundreds of customer reviews you can research online. If a company claims to have been in business for a certain period, verify their claim by confirming their oldest online customer review.
A company claiming to have been in business for an extended period, but has little to no online customer reviews, has not established a valid business track record. Only consider a company with a proven track record you can verify.
Choose the right precious metal company and everything else will fall into place. Once you’ve chosen the right precious metal company, the pricing, product, and service you receive will add to the upside potential in the investment.
To help ensure that you receive more metal for your money at purchase, and more money for your metal at liquidation, utilize this simple checklist to help you choose the right precious metal company.
FAQ: Your Key to Understanding!
