ITM Trading, which has been in business since 1995 and has its headquarters in Phoenix, Arizona, is a market leader and your one-stop shop if you need to buy numismatic coins that are IRA-approved as well as gold, silver, and other metals.
ITM Trading takes pride in offering trading strategies that promote generational wealth for its investors and clients. Investing in precious metals is one of the best ways to grow and preserve your wealth in the changing economic times.
Rare gold coins from before 1993 are at the top of the list of items offered by ITM trading, along with gold and silver bullions and gold products that have been permitted for use in an IRA.
ITM Trading acts as a custodian for IRA funds and collaborates with businesses like Gold Star Trust Company. ITM Trading collaborates with four insured, audited storage providers for the safekeeping of precious metals.
It takes substantial effort to invest your savings. How can you determine which businesses to trust when it comes to adding precious metals to your portfolio? This ITM Trading review will tell you more!
Protect Your Wealth & Get Huge Tax Savings!
Company Background ITM Trading
ITM Trading is a 1995-founded precious metals trader that offers gold products that are accepted by IRAs. The company is run by a family and has roughly fifty employees.
By offering investment guides, educational videos, educational blogs, teams of expert researchers, and precious metals experts, this business has made sure that its clients are knowledgeable about investing in precious metals. These resources give clients a greater perspective on what assets they opt to use to safeguard their financial future.
All of the gold and silver products that ITM Trading specializes in are mentioned in their catalogs on the IRA website. Pre-1933 gold coins, gold, silver, and IRA-approved coins and bars are all options available to customers.
You may buy with confidence knowing that the rare coins being sold by ITM Trading have been graded and certified by the Professional Coin Grading Service and the Numismatic Guaranty Corporation.
Trading Management ITM
Craig Griffin founded the family-run business in 1995 after spending time working for a number of different financial firms.
He recognized the need to create a marketplace where dealers, investors, and customers could purchase and sell rare coins, gold, and silver with the confidence of receiving an open and truthful transaction. Eric Griffin, his son, is currently the company’s president and CEO.
ITM Trading stays on pursuing Craig Griffin’s visions by fostering honesty and openness by scrutinizing products prior to trading them to clients, providing world-class customer assistance for customers, and instructing customers regarding how to choose the best products and reduce financial risks through free training webinars and free gold kits in the hopes of developing a broad precious metals portfolio.
ITM Trading Products
ITM Trading, a full-service precious metals buy and sell company, provides four main goods that can be sent or delivered to the four IRA Depository accounts mentioned previously or right to your door.
The available products are listed below:
Pre-1933 Gold Coins
Collectors attempting to assemble historical gold collections were primarily interested in pre-1933 gold coins.
The coins were in use until 1933, when Federal Reserve notes took their place. Under President Roosevelt, who only allowed residents to keep gold coins worth $100, the law necessitated that they be abandoned.
Because of their scarcity, gold content, and condition, they currently provide a unique purchasing opportunity at a price that is not far from the bullion value.
Gold Bullion
Due to the fact that gold’s price always rises in tandem with the cost of living, it has consistently shown to be a secure investment.
Since it always improves in value when your other investments decline, it is more suited for a balanced portfolio and has the highest level of market liquidity. Additionally, it is not valued by corporations, financial institutions, or governments.
Silver Coins
Silver bullions are more affordable than gold bullion and can be beneficial for protecting against inflation, making them a wise investment.
IRA Approved Gold Products
You can simply own precious metals and diversify your investment portfolio with the aid of IRA and Roth accounts. By allowing some real silver and gold products to be included in IRAs, the US government has helped to promote this.
Why Think About a Gold IRA
Risks like currency inflation and political strife that would otherwise impact the regular IRA do not apply to the gold IRA. Low volatility allows its price to be stable for extended periods of time.
You can bargain for cheaper fees or have some expenses, such as those for portfolio management and gold IRA rollovers, eliminated.
In contrast to accounts that can forbid you from taking your savings until you reach a particular age, gold IRA accounts make it simple for you to access your money.
Gold IRAs offer the same tax advantages as traditional IRAs and have excellent potential returns.
ITM Trading Reviews and Evaluations
According to Better Business Bureau data, the organization has received an A+ rating for its service and an average rating of 4.91 out of 5 stars.
According to the reviews, the staff at ITM Trading have a fantastic reputation and come highly recommended since they provide clients with top-notch service.
For new investors who require education, the informative content on the corporate website, complemented by knowledgeable researchers, consultants, and analysts, has been of tremendous assistance.
Buyers have also stated that ITM Trading is reliable and truthful, and there are no surprises in their dealings with them. Both verbal and written records of every transaction are kept. There were no records of delays in shipment, and the general level of service to customers was excellent.
All of these testimonials are consistent with the business’s objectives of giving customers an open and trustworthy experience, educating customers on how to make wise decisions, and building an enjoyable partnership overall. This is important in the financial and investment industries because customers need to feel confident that they are working with a reliable company that’s able to deliver.
ITM Trading’s Precious Metal IRA
Clients have had the chance to diversify their financial portfolios thanks to the partnership between Gold Star Trust Company and ITM Trading.
After buying precious metals through ITM Trading, they are shipped to Gold Star Trust Company for storage and account management. They are able to create self-directed Traditional or Roth IRA accounts.
Here are three simple steps that will show you how to diversify your investment portfolio by holding precious metals through a custodial service provider.
- Open an IRA account with GoldStar Company.
- Roll over your existing IRA or 401(k) funds to GoldStar Trust Company to fund your IRA account, whether once or on a recurring basis.
- You purchase precious metals from the ITM Trading catalog, and GoldStar pays ITM Trading directly. ITM Trading then ships the purchases to GoldStar Trust Company for management and storage.
How to Transfer an Existing IRA
Although gold prices are constantly rising, you ought to consider shifting your savings and investment accounts to a gold IRA if you want to safeguard and secure your retirement savings from deflation as a result of the increasing cost of living.
This is what you mean by a precious metals IRA rollover when you transfer the money in your IRA and other investment portfolios into actual gold coins and gold bullion.
Info About GoldStar Trust
Given that GoldStar Trust Company has been in operation for over two decades and presently manages over 31,000 IRA accounts with a combined value of $1.6 billion US dollars, you may put your trust in them as your account manager.
Many investment dealers and brokers throughout the world have chosen GoldStar Trust Company as their preferred IRA custodian because it offers clients competitively priced setup and management of precious metals IRA accounts.
The pricing structure for their products and services is outlined below, but their Investor Service Department can also provide you with an estimate of the yearly expenses.
All account types require a $50 one-time registration fee.
For new accounts, the annual maintenance charge is $75; beyond the first year, it rises with the kind of account.
The first year’s annual depository storage fee is $100; after that, it varies based on the value of the account.
The Wealth Shield Strategy from ITM Trading
In order to protect its clients’ investments from economic collapse, ITM Trading has implemented a wealth Shield strategy. This strategy involves educating clients about precious metal investments, providing metal analysts who accompany clients on the investment journey, and making sure that the precious metals will be delivered.
With ITM Trading, it is relatively simple to begin using the Wealth Shield Strategy because they let you schedule a meeting with one of their precious metal experts. As a result, you are guaranteed to receive a personalized strategy that is in line with your investment objectives and you are given insights on money and protecting your assets.
Why Gold IRA is Not a Good Option
Understanding your options is important since retirement accounts will charge you a fee if you decide to change the arrangement that has been made.
If you choose to withdraw the money before turning 59, they must prevent you from doing so, and they must charge you up to 10% in costs for breaking the terms and conditions.
The 401(k) is a little more forgiving because you can avoid costs if you withdraw money after turning 55.
You run the danger of being fined hundreds of dollars if you withdraw your money before you comprehend the rules.
In order to avoid paying a penalty and losing money when you withdraw money from your retirement account and 401(k), it is crucial to thoroughly grasp the terms and conditions.
A Synopsis of Gold History
Gold has shown its worth over time, making it one of the safest methods to accumulate wealth. Gold was first utilized for trading by the Egyptians 5,000 years ago, and it has not yet lost any of its worth or purchasing power.
Native Americans used gold as a trading resource of value in addition to Egypt. It is the only precious metal that has been used for such a long time as a hedge against inflation. With changing market prices, its value may either stay the same or rise.
While currencies all around the globe lose value, gold continues to increase daily, its demand is consistent, and it continues to be used to build wealth all over the globe for generations. Everyone who invests should choose to include gold in their portfolio.
You must choose the amount, kind, quality, and value of gold if you want to buy any.
Once you’ve purchased your gold, ensure that you have a safe place to store it or a custodian like Gold Star Trust Company. You should also make ensure you constantly have insurance to shield the money you invested from loss due to fire or theft.
Finding reputable precious metal merchants who can advise you regarding the purchasing process, storage, and insurance is essential if you are still a novice in the precious metals investment sector. ITM Trading fills this role by providing its clients with these services.
Is ITM Trading Legit?
ITM is a totally legit company. ITM Trading’s trading network’s stable storage and custodial services, investor education, and support in lowering potential risks to their funds have influenced many clients to make investments with the company.
ITM Trading Review Pros and Cons
ITM Trading is a company that specializes in precious metals, primarily gold and silver, and offers various services related to precious metal investments. Here are some potential pros and cons associated with ITM Trading:
Pros
Precious Metals Expertise
ITM Trading has a strong focus on precious metals, which can be a valuable asset for individuals looking to diversify their investment portfolios with physical assets like gold and silver.
Educational Resources
The company provides educational resources, including videos, webinars, and articles, to help clients understand the precious metals market and make informed investment decisions. These resources are extremely helpful.
Work With Leading Precious Metals Depositories
They collaborate with major storage providers including Texas Precious Metals Depository, A-M Global Logistics, International Depository Services (IDS) of Delaware, and Delaware Depository.
Range of Products
ITM Trading offers a variety of precious metal products, including coins, bars, and rounds, providing options for different budget levels and investment goals.
IRA Services
They offer services related to precious metals IRA accounts, allowing individuals to use their retirement funds to invest in gold and silver.
Cons
Premiums and Fees
One common concern with precious metal dealers is the premiums charged on products. Precious metals often come with a higher premium than their actual metal value, which can affect the overall return on investment.
Market Volatility
Precious metals can be highly volatile, and their value can fluctuate significantly over short periods. Investors should be prepared for potential price swings.
Lack of Diversification
Investing primarily in precious metals can lack diversification in a portfolio. While they can serve as a hedge against economic uncertainty, overexposure to one asset class can be risky.
Market Knowledge Required
Investing in precious metals requires some understanding of the market dynamics, and not all investors may be comfortable with this type of investment.
Lack of Guarantee
Like all investments, there are no guarantees of profit when investing in precious metals. Their value can rise or fall based on various economic and market factors.
Summary
When it comes to making a financial decision, everyone looks for a reputable firm because it is so simple to become a victim of fraud or even unwittingly join a scam that involves money.
Prior to making a financial decision, it’s crucial to research potential companies. For additional information, consult reputable consumer reports and ratings.
You might consider doing business with a company if the precious metals they sell have been validated and recognized by the Professional Coin Grading Service (PCGS) or Numismatic Guaranty Corporation (NGC) organizations as being of high quality.
ITM Trading values transparency in all of its dealings and has registration and authorization from every state regulatory body where it conducts business.
ITM Trading takes pride in its approximately 25-year history as an IRA-approved gold coin dealer in Arizona, where it has offered gold, silver, and pre-1933 gold coins.
Many customers have decided to make investments with ITM Trading because of its trading network’s dependable storage and custodial services, investor education, and assistance in reducing long-term risk to their finances.
Frequently Asked Questions
What is ITM Trading?
ITM Trading, short for “Investment in Precious Metals,” is a company that specializes in the buying, selling, and trading of precious metals, including gold and silver. They offer a range of services related to precious metals investments.
Is ITM Trading a reputable company?
Yes, ITM Trading is generally considered a reputable company within the precious metals industry. They have been in business for many years and have a track record of providing valuable information and services to those interested in precious metals investments.
What services does ITM Trading offer?
ITM Trading offers various services, including the sale of physical gold and silver bullion, educational resources on precious metals investing, consultations with experts, and assistance with setting up precious metals IRAs (Individual Retirement Accounts).
How can I contact ITM Trading?
You can contact ITM Trading through their official website, where you will find contact information such as phone numbers and email addresses. They also have a physical office location for in-person consultations.
Other Precious Metals Dealers:
About Tim Schmidt
Tim Schmidt is an Entrepreneur who has covered retirement investing since 2012. He started IRA Investing to share his expertise in using his Self-Directed IRA for alternative investments. His views on retirement investing have been highlighted in USA Today, Business Insider, Tech Times, and more. He invested with Goldco.
