Investing in precious metals such as gold and silver has been popular for decades, if not centuries, and for excellent reasons. There are many benefits you get from investing in tangible assets, such as precious metals that you don’t get from stocks, bonds, etc.
The name beckons, for sure. But can you trust them? What is behind the curtains of this popular dealer?
Keep reading this American Bullion review to get the full scoop!
About American Bullion Inc
American Bullion is one of the most popular companies in the industry. It was founded in 2009 by a couple of financial experts and veteran precious metals traders – Orkan Ozkan and Nevtan Akcora.
The company specializes in guiding investors through the process of adding physical precious metals to their existing IRA, 401k, or other qualified retirement plans . American Bullion is also adept at creating new retirement accounts for those who are looking to start saving for retirement or want to start investing in precious metals.As a matter of fact, they also specialize in providing precious metals investors with products such as bullion delivered safely to their doorsteps. They carry all pre-1933 European and U.S. bullion coins.
The company’s countless certifications and memberships make it trustable among precious metals investors and those who are looking to add precious metals to their IRA. Namely, American Bullion is:
- Proven gold IRA specialists
- United States Mint listed dealer
- Royal Canadian Mint registered Bullion DNA dealer
- Member of the American Numismatic Association (ANA)
- Member of the Industry Council for Tangible Assets (ICTA)
- Member & authorized dealer of the Professional Coin Grading Service (PCGS)
- Member & authorized dealer of the National Guaranty Corporation (NGC)
If you’re looking for a trusted dealer in Los Angeles CA, you might want to look into American Bullion’s services. This company is located at 12301 Wilshire Blvd, Suite 650, Los Angeles CA 90025. You can visit the premises, or you can call 1-800-GOLD-IRA (465-3472) to speak with one of their specialists.
American Bullion also offers a free gold guide to all of its customers . The guide is full of information, be it financial or otherwise, that can help anyone who’s interested to invest. If you choose to try this useful guide, all you need to do is leave your name, email address, and a phone number.The gold guide will also help you reach a decision if you’re second-guessing whether to invest in precious metal bullion.
Precious Metals Products & Services
Gold IRA
As mentioned before, American Bullion specializes in gold IRA. If you’re not familiar with the term, here’s all you need to know.
Gold IRA, or precious metals IRA, is a self-directed Individual Retirement Account. It is popular now more than ever, especially among those who value diversity and stability in their investment portfolio. Gold IRA gives you the chance to add physical assets, such as precious metals bullion, to your tax-sheltered retirement accounts .
Physical gold has been regarded as hedge against inflation and deflation and a safe haven during economic and political turmoils. Adding such a stable and tangible asset to your portfolio creates diversification away from paper assets and other intangible assets for long-term investors.
The main objective of all gold IRAs is the preservation of wealth . Thanks to its perseverance and stable price, gold makes an incredible, profitable long-term investment.
On top of that, American Bullion offers to keep all your precious metals in a secure, IRS-approved depository (more on this later). The company will keep your metals safely tucked away until you reach retirement when they can deliver it to your doorstep, or you can convert it to cash.
According to American Bullion, many retirement accounts are eligible, but the ideal ones are Traditional, Roth, SEP, and Simple IRAs. Some non-IRA accounts can also be converted, including 401(k), 403(b), 457(b) Deferred Compensation Plan, Pension Plan, TIAA CREF, Thrift Savings Plan, Non-Prototype, and Beneficiary IRA.
To get detailed information about this, you can consult their advisors, who will be happy to help.
Silver IRA
Silver bullion is an excellent asset to own during uncertain times such as these. Historically, silver has always been considered a profitable investment. A silver IRA functions the same as your current IRA, but you’re allowed to hold physical silver in the form of coins and bars instead of paper-denominated assets.
As for the accounts that are eligible for a silver IRA, the list is identical to that of a gold IRA.
It’s important to note that when you create a silver IRA, it is established as a self-directed IRA, which means it’s completely under your control.
If you’re wondering why you should choose silver bullion for your IRA, there are a few reasons. Strong industrial demand, high global demand, and hedge against depreciation are just a few.
Palladium IRA
Currently the most expensive precious metal, Palladium has never been more in demand. This silvery-white metal is 30 times rarer than gold, and it’s not easy to come by. If you have an opportunity to pour some physical palladium into your IRA, don’t hesitate to get your hands on it, as it is an excellent investment. You can contact American Bullion specialists to get specific details if you want to purchase palladium.
Platinum IRA
Although not as popular as gold and not as in demand as palladium, platinum is another choice for a precious metals IRA. Platinum is known to be a bit unstable, and historically speaking, when it drops in value, it sharply bounces back at a value higher than that of gold.
If you wish to include platinum into your IRA, it has to meet certain criteria. Namely, platinum bars and coins that you can add to your IRA have to have a fineness of at least .9995. They also have to be manufactured by a national government mint or by an NYMEX or a COMEX-approved refiner.
Bullion Coins and Bars
This is what American Bullion’s offer consists of:
- American Eagle Gold Coin
The Gold American Eagle was first produced by the US mint in 1986. Since then, it’s become the staple of gold bullion, and it’s considered the official gold bullion coin of the United States. Its exquisite design, recognition, purity, and liquidity make it one of the most sought-after gold coins for investment.
- American Gold Buffalo Coin
Another popular coin minted by the US mint is the Gold Buffalo. It is the first and only 24k gold coin produced by the US, and it represents the perfect mixture of elegant numismatic design and excellent quality.
- Canadian Gold Maple Leaf Coin
This breathtaking 24k coin is made by the Royal Canadian Mint, and it’s one of the purest gold coins in the world. Thanks to its high liquidity, the Gold Maple Leaf is among the most desirable gold coins on the international market.
- Austrian Philharmonic Gold Coin
The Gold Philharmonic coin is at the top when it comes to demand. Made with a fineness of .9999, this coin is a true piece of art.
- Credit Suisse Gold Bar
Smaller gold bars are an excellent choice for bullion investment as they boast high liquidity. Backed by the Credit Suisse Bank of Switzerland, this gold bar has been a favorite among investors for decades.
- UBS Gold Bar (Union Bank of Switzerland)
This rare gold bar is produced only in Switzerland, which makes it incredibly attractive to precious metals investors.
- PAMP Suisse Gold Bar
World-renowned and permitted by the IRS, the PAMP Suisse bars are a magnificent opportunity to invest in precious metals.
View the following page to view my top three gold IRA firms.
Payment Options
American Bullion has a useful Frequently Asked Questions page on their website, but it doesn’t answer many questions regarding payment options. They do allow wire transfers, but to receive the necessary transaction information, each customer has to get in touch with their precious metals specialists.
Storage
The great thing about American Bullion is that they offer to store your precious metals for you. Namely, they work exclusively with the Delaware Depository to make sure all the bullion is safely and securely stored in compliance with the IRS requirements.
The Depository is located in Wilmington, Delaware.
What makes this location ideal is the fact it’s near major transportation hubs but far away from the political and financial settings of Washington, D.C. and NY City. In addition to that, Delaware is free of natural disasters, making it all the more so a safe storage location for your precious metals.
The high-security, fortified, discrete facilities are monitored 24/7, 365 days a year. They utilize redundant power and communication sources and state-of-the-art technology. You can read all about American Bullion and their Delaware Depository here.
American Bullion Fees
American Bullion has 4 types of fees.
Fees for accounts worth less than $100,000 are $75/year or $290/year with the storage fee. For accounts above 100K, the fees are $150/year and $290/year with storage.
American Bullion Customer Reviews
Nothing speaks more about a company than the reviews of their customers. Have there been any complaints about American Bullion? If so, what did the company do to resolve them?
This is what American Bullion’s clients have to say about this company and its service.
Business Consumer Alliance – BCA
If you check out American Bullion’s page on the BCA’s site, you’ll see that they have an AAA rating . There has been only one complaint about the company in the last 3 years, and according to Business Consumer Alliance, American Bullion’s Complaint Resolution Index is 100%, meaning they resolved the complaint fairly and in a timely manner.
American Bullion’s clients’ reviews gave it a 5 star rating on this website.
Better Business Bureau – BBB
As for complaints, there’s been one complaint over the last 3 years, and it has been resolved.
Yelp
American Bullion has a 3.5 out of 5 stars rating on Yelp. The negative reviews don’t state any specific issues.
Trustlink
Based on 45 reviews, American Bullion has a glowing 5 stars rating on Trustlink . On this reputable reviews site, all the reviews highly recommend the service, and customers call American Bullion “A Golden Service,” “patient, courteous, and helpful,” and “great company to deal with.”
No reviews mention any complaints, at least on Trustlink.
American Bullion Review – Final Verdict
What is there left to say?
The company was founded by people with plenty of experience and immense passion for investments. Besides a strong foundation, American Bullion also boasts excellent-quality service and products.
While there were occasional complaints, American Bullion tried to resolve them as fairly and quickly as possible.
The bottom line is, if you want to start investing by adding precious metals, especially gold and silver, to your IRA, you can’t go wrong with American Bullion.
About Tim Schmidt
Tim Schmidt is an Entrepreneur who has covered retirement investing since 2012. He started this website to share his expertise in using his Self-Directed IRA. Most recently he's been advising individuals to diversify into precious metals ahead of a certain recession. He invested with Goldco.