How To Research A Precious Metal Company
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If you are looking to invest in tangible precious metals, gold, silver, platinum, and palladium coins are liquid assets which are accepted for payment of goods and services around the world. Gold, silver, platinum, and palladium coins are also utilized by many investors to offset inflation and protect purchasing power over time.
Choosing the right precious metal source to buy and sell is paramount. It is important to follow these simple guidelines when considering a precious metal company.
The first two things you should know…
When choosing a precious metal company, only consider companies that are posting online product pricing. If you must ask to confirm the precious metal price, you’re talking to the wrong company. Common sense should be utilized when choosing a precious metal source. If a company offers a competitive price, they will openly promote and advertise their product pricing online. If a company refuses to post online product pricing, then that company has made a conscious decision to hide their inflated product pricing from the consumer.
Vigorously research any precious metal company you consider. Research customer reviews through valid sources such as, BBB, Consumer Affairs, Trustpilot, Retirement Living, and Google Reviews. If a review site fails to provide their physical address, their contact phone number, or lacks a platform for customers to post reviews, then that site is most likely compensated by the companies they recommend, and that site will only recommend the companies they receive compensation from. Many investors fall victim to these types of bait and switch sites. Also, do not fall victim to companies who pay for high priced celebrity endorsements or the cost to pay for a company’s celebrity endorsement will be passed along to you at time of purchase.
Some Tips to Follow When Researching Gold Companies…
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Ensure the company has a physical address and phone number in the U.S.
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Only research a company through valid online review sites which provide a customer review platform.
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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 the oldest online customer review.
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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.
Got Questions? We’ve Got Answers!
What factors should I consider when researching a precious metal company?
When researching a company, consider factors such as the company’s reputation, track record, financial stability, and the types of precious metals they offer. Look for a company with a solid history of customer satisfaction and transparent pricing.
What are some red flags to watch out for when researching a precious metal company?
Watch out for companies that have a history of complaints or regulatory issues, offer unrealistic promises or guarantees, or use high-pressure sales tactics. Be wary of hidden fees and ensure the company is properly licensed and insured.
How can I verify the legitimacy of a precious metal company for my IRA?
Verify the legitimacy of a company by checking their credentials, such as their Better Business Bureau rating, licenses, and registrations with relevant regulatory bodies. Look for companies that post online product pricing, offer 3rd party commercial storage options, and offer a fee-free buyback policy.
Are you looking for a reputable precious metal company?
Orion Metal Exchange can help. Check our About Us page for insights into what makes us the preferred choice over other competitors.
Would you like to know how you can protect your financial future? Contact Orion Metal Exchange to discuss the benefits of owning precious metals and see how you can protect your purchasing power today. Call 1-800-559-0088, for a FREE investor kit.
