I’ve frequently looked for trustworthy organizations that can fulfill my investing needs given that I’m a keen investor who knows the security and growth potential that precious metals bring to the table. I decided to look into their offerings because the Beverly Hills Precious Metals Exchange stood out from the competition in the market.
As a safeguard against unanticipated economic occurrences, precious metals like gold, silver, platinum, and palladium have always captivated me. These physical possessions have a history of holding their value over time. However, finding the ideal partner in this business has been an ongoing struggle.
I’d want to take this time to extend an invitation to you to participate in this review as I give my personal opinions and first-hand knowledge of what the Beverly Hills Precious Metals Exchange has to offer.
We’ll explore their broad product line, approach to customer service, reputation in the neighborhood, and distinctive traits that set them apart in the very competitive business of precious metal dealing. We’ll learn the benefits and issues associated with this respected company together.
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About Beverly Hills Precious Metals Exchange
Located in Beverly Hills, California, Beverly Hills Precious Metal Exchange is a precious metals trader with more than 30 years of experience.
There is no catalog provided by the company where you can look up the precious metals you can purchase or sell; instead, you must visit their website.
They are selling goods like gold, silver, platinum, and other precious metals that can be added to customer portfolios or retained in precious metals IRAs.
You must speak with the sales executive at the Beverly Hills Precious Metal Exchange for advice on portfolios and the inventory if you need to make a buy there.
Beverly Hills Precious Metals Exchange Company Background
To assist both novice collectors and seasoned precious metals investors in selling and acquiring precious metals like gold and silver, Andrew Sorchini founded the Beverly Hills Precious Metals Exchange in 2003.
Clay Clark and Michael Flynn are the top two clients.
Since nearly 20 years ago, Beverly Hills Precious Metals Exchange has helped clients with precious metal purchases, liquidations, third-party storage, and the provision of educational resources on precious metals.
Investment in precious metals is the greatest approach, in the opinion of Beverly Hills Precious Metals Exchange, to safeguard your wealth from the effects of growing inflation.
They primarily offer their consumers three different kinds of gold to invest in bullion gold, rare gold, and proof gold.
Precious Metals IRA
Contrary to regular IRAs, precious metals IRAs are self-directed retirement accounts that let investors purchase actual gold and other precious metals. The precious metals that are permitted by the IRA include gold, silver, platinum, and palladium.
The number of people thinking about including a precious metals IRA as part of their retirement plan has increased.
This is because holding investments in gold, silver, or other precious metals preserves your wealth by serving as a hedge against economic recession and lowers volatility and risk levels because precious metals appreciate over time.
Rollover IRA for Gold
This simply entails transferring money from a 401(k) or other traditional retirement plan into an IRA-approved depository.
After you transfer the funds, your retirement account is converted to a self-directed IRA, allowing you to buy and add whatever precious metals you like to your account.
Since you transfer your current IRA or 401k to the self-directed account, the rollover process is extremely straightforward and doesn’t cost anything.
The IRS states that you have 60 days after obtaining your retirement plan to roll over your funds. The money can be rolled over to the IRA or another plan of your choice, and you’ll utilize it to buy your IRA-approved precious metals.
Should You Invest in Precious Metals in Your IRA at What Percentage?
Experts advise using no more than 15% of your retirement savings to buy precious metals. As the portfolios are diversified to allow you to invest in a range of assets, investing moderately is essential.
When considering dividend growth, equities and other asset classes are alternative possibilities to explore to grow their retirement income. Gold and other precious metals have maintained their value for thousands of years.
The price of precious metals may rise or fall, despite being every investor’s go-to asset in times of ambiguity because they have historically been less volatile than other asset classes.
The Differences Between a Transfer and a Rollover for a Gold IRA
Transactions coming from the same kind of retirement account are referred to as gold transfers. For instance, moving money between 401(k) accounts, but moving money into a gold IRA means moving money from a retirement account to a precious metal IRA.
By switching your investment portfolio to gold bullions in the case of a gold IRA rollover, you are hedging against economic unpredictability.
You need a reputable company with professionals who can assist you in setting up IRA accounts, provide you with an account manager who will arm you with knowledge so you can choose the right precious metal, and also help you decide on the storage, to make the transition from your current retirement plan to a gold IRA as simple as possible.
Why Make a Precious Metal Investment?
Precious metals have demonstrated that they are reliable, strong, and have increasing value in any fragile and uncertain economy.
Precious metals are primarily utilized by investors as a hedge against inflation since their value is gradually increasing as global currencies weaken.
In a word, precious metals like gold and silver perform well even when markets are down, and their prices may even tend to rise. They are also unaffected by government or financial institutions, but they do fall under the IRS’s tight regulations.
Additionally, you can possess precious metals, and having them in your name gives delight. You defend yourself from the global decline in the purchasing value of currencies.
And when the time comes for you to stop investing, you can leave your generation with the actual precious metals. The tangible assets are equally simple to keep an eye on and follow.
Consider investing in precious metals if you want to make a long-term investment. The Egyptians employed gold in their trade thousands of years ago, and it has remained valuable to this day.
Additionally, you will always be able to find a buyer who will purchase your precious metals at the going market rates if you need to sell them.
This is different from other assets like real estate where finding a buyer will depend on several factors like the local crime rate and the neighborhood’s average selling price.
Selling your precious metals and getting a good return on your investment is quite simple.
Last but not least, the cost of gold is unrelated to other asset types like stocks. Therefore, you can rely on precious metals if you have a broad investment portfolio and one product does poorly, thereby reducing the impact of volatility.
Does Beverly Hills Precious Metals Exchange Operate Fraudulently?
It is not a fraud, according to Beverly Hills Precious Metals Exchange. Even if the investment company has a poor reputation, notable people like Michael Flynn support it.
In the 18 years they have been in business, there have been no claims or investigations into scams. Additionally, they have teamed up with GoldStar Trust as a depository custodian for all of your precious metals storage requirements.
A well-known IRA gold storage facility for precious metals like gold and silver is Gold Star Trust Company. Account opening, management, yearly, and storage fees are all charged by GoldStar Trust Company.
Although the majority of trustworthy merchants are BBB accredited, Beverly Hills Precious Metals is not.
A consultation with a member of their team is required to purchase or sell gold on the platform; this team member then provides you with a price list.
The majority of Beverly Hills Precious Metals’ shipments are insured, so you are protected in the event of theft or a natural disaster. For the entire purchase, the business charges a fixed cost for shipping and insurance.
Online reviews have given Beverly Hills Precious Metals a 3.9 out of 5-star rating, with 5 stars going to their customer care team for providing correct client education.
After placing an order, their shipment is also prompt, taking anything from three to fifteen days to arrive.
Beverly Hills Precious Metals compared to other precious metals companies provides a range of items such as numismatic, collectibles, and gold IRAs despite lacking information on its history, management team, product costs, and IRA fees.
So far, everything is well; there is no evidence to suggest that the company is a fraud. However, to increase user ratings and foster investor trust among those who are visiting the website for the first time, the company may need to make a few tweaks to the way information is provided on it.
Beverly Hills Precious Metals Exchange: Pros
Diverse Product Range: Offers a wide selection of precious metals, including gold, silver, platinum, and palladium, catering to various investor preferences.
Highly Regarded Reputation: Has built a strong reputation in the precious metals industry, often praised for reliability and trustworthiness.
Educational Resources: Provides valuable educational resources on precious metals investing, aiding both beginners and experienced investors.
Excellent Customer Service: Known for responsive and knowledgeable customer service, assisting clients in making informed decisions. This makes purchasing precious metals stress-free.
Secure Storage Options: Offers secure storage solutions for precious metals, ensuring the safety of investments.
Beverly Hills Precious Metals Exchange: Cons
Pricing Transparency: A precious metals owner may find the pricing structure less transparent compared to competitors.
Limited IRA Options: While they offer precious metals for investment, there may be limitations in terms of the variety of precious metals that can be included in IRAs.
Physical Location: The company’s physical location may limit accessibility for clients who prefer online-only interactions.
Shipping Fees: Shipping costs may apply to the delivery of physical precious metals, which can add to the overall investment expense.
Market Fluctuations: As with any precious metals investment, the value of holdings may be subject to market fluctuations, potentially impacting returns.
So Few Customer Reviews: This company lacks reviews from past clients, which makes it hard to decide if you opt for their service or not.
In summary, investors in precious metals should conduct extensive studies before buying and selling precious metals.
Some investors have expressed their disappointment over spending their hard-earned money or retirement savings just to learn the company was not as reliable as they had previously believed.
Before buying or selling your precious metals, keep the following in mind:
Identify the affiliations of the dealer or company. You may trust that your dealer is legitimate if they are a Professional Numismatists Guild member because they are required to abide by a code of conduct or risk losing their license.
Even a quick Google search ought to allow you to learn more about your dealer’s past. It’s time to look for a different dealer if you can’t locate any information whatsoever, not even on their website.
Think about finding out if the business is BBB accredited. To your knowledge, this merely entails looking out for your dealer’s accreditation and rating as BBB is equally demanding when it comes to the code of behavior for its members.
What is Beverly Hills Precious Metals Exchange, and what do they specialize in?
Beverly Hills Precious Metals Exchange is a company specializing in the buying and selling of various precious metals, including gold, silver, platinum, and palladium.
Is Beverly Hills Precious Metals Exchange a reputable company?
Buying precious metals here is safe and secure. Beverly Hills Precious Metals Exchange has a strong reputation within the industry, known for its quality products and customer service. However, it’s essential to conduct your research before making any investment decisions.
What types of precious metal products do they offer?
The company offers a range of precious metal products, you can purchase precious metals like coins, bars, and rounds. These items may come from various mints and refineries.
Do they provide information and resources for beginners in precious metals investing?
Yes, Beverly Hills Precious Metals Exchange often provides educational resources and information to help both novice and experienced investors make informed decisions.
What sets this precious metals dealer apart from other gold companies or precious metal dealers?
This company may have unique features that are not available in other precious metals dealers, such as a diverse product selection, competitive pricing, secure storage options, or exceptional customer service. It’s advisable to research these aspects to determine their differentiating factors.
What are their shipping and storage options?
Beverly Hills Precious Metals Exchange may offer secure shipping options and storage services. Understanding the details, costs, and terms of these services is essential when investing.
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