Investing in gold and silver coins is a popular way to protect purchasing power from inflation. Precious metals are used as a long-term store of value and can be easily liquidated. A properly diversified portfolio should hold a percentage of physical precious metals for added stability.
Precious metal IRA accounts are safe and secure
A physical precious metal account is compliant with IRS regulations. All precious metal IRA holdings are insured and stored in a commercial depository. The IRA custodian works with the precious metal dealer and commercial depository to confirm physical delivery. With the involvement of an IRA custodian, commercial depository, and precious metal dealer, there are multiple checks and balances to ensure the precious metal account holder and their assets are protected.
Research
It is important to choose a dealer that is willing to offer transparent and competitive online product pricing. A dealer’s reputation will reflect their business practices and their customer’s reviews will reflect their reputation. Always research customer reviews through valid sources such as, Retirement Living, BBB, Trustpilot, Google Reviews, and Consumer Affairs.
Confirm Online Product Pricing
A legitimate precious metal dealer will offer transparency to the consumer by posting online product pricing. If a company refuses to offer online product pricing, prepare to pay more than you should. If you must ask what a company charges for their products, then you are speaking to the wrong precious metal dealer. You are more likely to receive more metal for your money by following this simple rule.
Guarantee Product and Price Beforehand
Only work with precious metal companies that guarantee purchase pricing before requesting payment. It is an FTC violation for a dealer to request payment before confirming the product and purchase price. A legitimate precious metal dealer will ensure all precious metal shipments to be delivered in a timely manner.
FTC Requirements for Sellers and Telemarketers
Sellers and Telemarketers Must Disclose Material Information
CFTC Precious Metal Risk Disclosure
FAQ: Your Key to Understanding!
