American Bullion offers IRS-approved precious metallic IRA accounts. To learn more about American Bullion and its retirement products, take a look at the American Bullion Review.
American Bullion
Pros:
- Been in business for over 10 years
- 1,000 Trustpilot reviews of 5-star customers
- Industry: Competitive Fees
- Excellent customer service
Cons:
- No online purchase available
- $50,00 minimum IRAs
American Bullion is unique because it offers a simple path to opening an IRS-approved precious metal IRA.
We'll be reviewing American Bullion's products and helping you decide if they're a good fit for your investment goals.
Are you still confused by the IRS rules regarding gold IRAs? Do you have trouble finding reliable companies that will help you invest in precious metals
It is possible to diversify your portfolio by adding precious metals such as gold, silver, or other precious metals. This will help you to mitigate risks and increase your risk-reward ratio. Many investors have difficulty finding the right custodian.
Here are some reasons why American Bullion might be a good option.
What is American Bullion?
AmericanBullion.com website
American Bullion, Inc., a U.S-based precious metal dealer, and investment company, is located in the United States. This company was founded in 2009 and quickly became a leader in gold IRA rollover markets.
Orkan Ozkan, the founder and CEO, and Nevtan Akcora, co-founder and president have extensive experience as commodity brokers.
Their goal is to make precious metals investing transparent and easily accessible for everyone.
American Bullion facilitates the purchase of silver coins and gold bullion. This allows investors to diversify their portfolios and create an inflation hedge.
American Bullion Services
The 1997 Taxpayer Relief Act opened up the possibility to invest in physical precious metals as part a retirement portfolio.
The IRS has strict rules regarding gold and silver bars and coins that investors can choose from as well as how they are stored.
American Bullion offers individual retirement plans that meet IRS storage requirements.
Gold IRA
American Bullion's Gold IRA Product is a retirement account that allows you to directly invest in gold bullion and coins.
Although technically this account can be self-directed, you will get assistance from precious metal specialists to help with the purchase and storage of physical assets.
American Bullion lets you invest in IRA-approved bullion coins. This includes the American Eagle, Canadian Maple Leaf and Australian Kangaroo.
Although it is difficult to predict the future, past performance was remarkable. While prices have fluctuated in the last three years, gold saw a 24% increase in its value in 2020.
American Bullion purchases coins for you through its network precious metal dealers. This network guarantees that you will receive gold at the spot price or higher.
The Delaware Depository is an IRS-approved facility that stores physical gold for your IRA account. It also safely stores proof coins.
Silver IRA
American Bullion also offers other types of precious metals IRAs. You may also be interested in an accredited silver IRA if you feel that American Bullion's Gold IRA account is not a good fit for you investment goals.
Because silver is less expensive than gold, it's worth looking into. This commodity also gives you access to the industrial market.
American Bullion, just like its gold IRA product meets all the IRS requirements for storing silver coins.
The company will buy coins and bullion for you and assist with the transfer of an existing retirement account.
American Bullion Fees & Minimum Investment
Precious Metals IRA Transactions
| Set-up fee | $50 |
| Maintenance Fee | $95 per annum |
| Storage Fee | $150 per annum |
| Minimum Investment | $50,000 |
Non-IRA Transactions
| Storage Fee | $150 per annum |
| Minimum Investment | N/A |
Who should use American Bullion?
It is smart to gain exposure to precious metals. However, there are not many traditional investment vehicles that give you direct exposure. Additionally, investing in the commodity markets can be difficult due to high volatility.
American Bullion is a great way for investors to hedge their portfolios with tangible assets.
This company is an excellent fit for anyone looking for an easy and accessible method to invest in gold, palladium, platinum, or silver.
American Bullion's storage, annual, and initial setup fees can be affordable and are worth looking into even if you only want to invest small amounts in precious metals.
This company makes it easy to open a qualified precious metal IRA, or roll over an existing retirement account. American Bullion is able to help you diversify your portfolio if you already have a 401(k).
If you are looking to buy precious metals from outside your retirement account, American Bullion might be a good option.
How does American Bullion compare?
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American Bullion
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Goldco
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Augusta Precious Metals
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3.5
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5.0
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5.0
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Minimum Investment:
$50,000
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Minimum Investment:
$25,000
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Minimum Investment:
$50,000
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Fees:
$75-$290/yr (custodian fees)
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Fees:
$175-$225/yr
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Fees:
$180/year
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Promotion:
No current promotions
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Promotion:
Get up to $10,000 in free silver with a qualified account
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Promotion:
No fees (depending upon the investment amount)
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Minimum Investment:
Fees:
Promotion:
Minimum Investment:
Fees:
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Get Started With American Bullion
American Bullion is different from other gold IRA companies because it offers a simple setup process. Here's how to get started.
- To receive a complimentary guide for gold buyers, fill out the online form.
- Before you decide if precious metal investing is right for your needs, read this guide.
- An IRA specialist will contact you after you submit American Bullion's online form. Ask questions, get answers and a better understanding of the relationship between precious metals and your investment goals.
- You'll be provided with some forms to fill out if you choose to open an IRA at American Bullion.
- You can then fund your retirement account with a wire transfer.
- American Bullion will purchase precious metals for you and keep the bullion or coins in a safe place.
- You will receive regular updates about your assets, including performance and reports.
American Bullion Reviews
American Bullion's team is extremely knowledgeable about buying gold. They were very polite and answered all my questions. We are grateful.
Sammy C., Verified Google Customer
It is refreshing and encouraging to work for a company that I can trust and that has my best interests at heart in these difficult economic times. The process of selling precious metals was made as fast and easy as possible by American Bullion. American Bullion, thank you for your expertise and help.
Douglas Y., Verified Trustpilot Customer
Should I Invest in American Bullion?
We reviewed several gold IRA companies to help us evaluate American Bullion. This company is recommended because of its simple and clear process for opening a new account, or rolling over an existing retirement account.
American Bullion has few negative reviews on the Better Business Bureau site for this company. However, TrustPilot and TrustLink have many great customer reviews.
Do you feel American Bullion could be a good match to your retirement goals after reading our American Bullion Review? Fill out their online application.
FAQs about American Bullion
Continue reading to learn about investing in precious metals and American Bullion.
American Bullion is a good company.
American Bullion is an investment and precious metals dealer with a positive record.
Trust this IRA provider because of the extensive experience the founders have in the commodity market, as well as the positive reviews left by customers.
Who is the owner of American Bullion
Owners are also Nevtan Akcora, and Orkan Ozkan.
Are there any pending lawsuits against American Bullion?
Two complaints have been resolved by the BBB. American Bullion was also accused of failing to register with the Minnesota Department of Commerce.
What is American Bullion’s address?
American Bullion is located at 2301 Wilshire Blvd #305 in Los Angeles, California
Goldco
span style="color": rgb (0, 0, 0 Goldco) is a leader within the precious metals sector with more than a decade of experience in helping customers to protect their retirement savings.
Frequently Asked Questions
Can I store my Gold IRA at Home?
An online brokerage account is the best option to protect your investment funds. You will have the same investment options available as traditional brokers, but you won’t need special licenses. You won’t pay fees to invest.
Online brokers often offer free tools to help manage your portfolio. They will even let you download charts to see how your investments perform.
How does the gold and silver IRA function?
A gold and silver IRA allows you to invest in precious metals, such as gold and silver, without paying taxes on any gains. People who want to diversify portfolios will find them attractive investments.
If you are over 59 1/2, income tax is not due on the interest earned from these accounts. On any appreciation in value of the account, you don’t have to pay capital gain tax. There are limits on the amount of money that you can place into this account. Minimum amount allowed is $10,000 Under 59 1/2 years old, you can’t make any investments. Maximum annual contribution: $5,500
Your beneficiaries could receive less if you die before your retirement. Your estate must include enough assets to cover the balance remaining in your account after all other expenses and debts have been paid.
Some banks offer gold and silver IRA options, while others require you to open a regular brokerage account through which you buy shares or certificates.
Are gold IRAs a good idea?
You should buy shares in companies that produce gold. To make money in investing in gold or other precious metals, such as silver, you should purchase shares in these companies.
But, owning shares in direct form has two downsides:
If you hold on to your stock for too much time, you risk losing money. Stocks will fall faster than the underlying asset (like a gold mine) when they drop. That means you could end up losing money instead of making it.
Second, you could miss out on potential profit if you wait for the market to recover before you sell. You may have to wait for the market to recover before you can make a profit on your gold holdings.
But if you prefer to keep your investments separate from your finances, you can still benefit from owning physical gold. An IRA with gold can diversify and protect your portfolio against inflation.
Visit our website for more information on gold investing.
Statistics
- Same tax rules as traditional IRA SEP IRA contributions in 2022 are limited to 25% of compensation or $66,000, whichever is less Before setting up a Silver IRA, understand the fees and IRS restrictions. (sltrib.com)
- Silver must be 99.9% pure • (forbes.com)
- Depending on your financial situation, most experts recommend you invest no more than 5% to 10% of your retirement funds in precious metals. (forbes.com)
- If you accidentally make an improper transaction, the IRS will disallow it and count it as a withdrawal so that you would owe income tax on the item’s value and, if you are younger than 59 ½, an additional 10% early withdrawal penalty. (forbes.com)
External Links
investopedia.com
wsj.com
takemetothesite.com
forbes.com
How To
How To Buy Gold For Your Gold IRA
Precious metal can be used to refer to gold, silver or platinum as well as osmium and ruthenium. It’s any element naturally occurring with atomic numbers 79 to 110 (excluding helium), that is valued for its rarity or beauty. Silver and gold are the most well-known precious metals. Precious metallics are frequently used as jewelry, money and industrial goods.
Supply and demand affect the gold price daily. In the past decade, there has been a huge demand for precious metals as investors seek safe havens from unstable economies. Prices have risen significantly due to this increased demand. Some are concerned about the increased cost of production and have resisted investing in precious materials.
Because gold is rare and durable, it makes a good investment. Gold never loses its value, unlike other investments. You can also buy and sell gold, without having to pay taxes. There are two methods to invest gold. You have two options: you can buy gold bars and coins, or you can invest in futures contracts.
In-dispute liquidity can be achieved with physical gold bars or coins. They’re easy to trade and store. They don’t provide much protection against inflation. Consider purchasing gold bullion if you want to be protected from rising prices. Bullion is physical gold that comes in different sizes and shapes. One-ounce pieces are available for billions, while larger quantities such as kilobars and tens of thousands can be purchased. Bullion is often stored in vaults, which are safe from fire and theft.
Buy gold futures to own shares and not actual gold. Futures allow you to speculate as to how the gold price will change. Gold futures allow you to be exposed to its price without owning any physical commodity.
For instance, if I wanted speculation on whether gold prices would go up or lower, I could buy a contract for gold. When the contract expires, my position will either be “long” or “short.” If I have a long contract, it means that I believe gold’s price will rise. In exchange, I’ll give money now and promise to get more when the contract ends. On the other hand, a short contract means that I think the price of gold will drop. I’m willing and able to take the money now, in return for the promise that I will make less money later.
I will be paid the specified amount of the contract plus interest after the contract expires. This way I have exposure to the gold’s price without having to actually hold it.
Precious Metals are great investments as they are difficult to counterfeit. Precious metals are more difficult to counterfeit than paper currency. Precious metals have remained stable over time because of this.
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By: Donny Gamble
Title: American Bullion Review: Is it a Good Gold IRA Company?
Sourced From: retirementinvestments.com/precious-metals/american-bullion-review/
Published Date: Tue, 03 Jan 2023 12:16:51 +0000
