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As you decide to invest in precious metals, many decisions must be made. One of your top decisions is selecting a precious metals IRA company.
Investing in a precious metal IRA can help you diversify your investment portfolio with added tax advantages. Finding the right gold IRA experts is a challenge but worth the effort. We help make the decision process more manageable.
American Bullion is a top competitor in the precious metals industry, but are they the best? We will check all American Bullion reviews and compare the services offered by American Bullion. How do they compare to all the fees of other top names in the industry?
At The Gold Information Network, we understand the importance of your financial choices and the trust you place in our insights. We conduct in-depth research on each company we review, evaluating its reviews, reputation, product offerings, fees, and history while meticulously comparing it with similar market products.
In a financial landscape where banks appear geared towards serving the wealthy, we hold reservations about these institutions, the monetary system, and politicians. We passionately advocate empowering individuals like you with greater control over their finances. We firmly believe that you should have the authority to shape your financial future independently, reducing your dependence on institutions and politicians.
We researched American Bullion, a precious metals dealer, to determine if they are a reputable company that consumers can trust.
American Bullion opened its doors in 2009. Headquartered in Los Angeles, CA, the company offers services to help people invest in precious metals like gold, silver, platinum, and palladium bars and coins.
The company specializes in converting your existing IRA or helping you through the IRA precious metal rollover process so you can invest in physical precious metals while in retirement accounts and taking advantage of tax benefits.
They call themselves a top-tier precious metals company and say they make millions of dollars in monthly sales. Do they live up to the hype they have presented?
Orkan Ozkan and Nevtan Akcora are the founders and owners of American Bullion. Rhett Jepson, the former principal director of the United States Mint, became the spokesperson for American Bullion in 2018.
Erman Ebren is the current Director of Marketing. Before working with American Bullion, he was a systems engineer. He and Akcora oversee approximately 18 employees at present.
American Bullion has some impressive accreditations in the industry. Accreditations from well-respected third parties make companies like American Bullion seem more trustworthy to potential customers.
Reading reviews is essential when weighing the benefits and disadvantages of companies. Before you start the gold IRA rollover buying process, we urge you to learn what past and current customers say about the company and its services.
We checked the Better Business Bureau and found the company has been BBB accredited since 2011 and has an A+ rating. The company only has two customer reviews and five stars. There have been no complaints.
At the top of the BBB page, we found a notice about a consent order brought against American Bullion. The State of Minnesota Department of Commerce charges American Bullion went above its threshold in Minnesota, and the company was not registered with the Department of Commerce. The company was ordered to pay $2,500 plus $225 in investigative fees.
We also checked Business Consumer Alliance for information on American Bullion. The company has an AAA rating of five stars based on eight customer reviews. The reviews were all positive, and there were no complaints.
The company has an excellent customer service rating on Trustpilot, with 4.9 stars out of five based on 199 customer reviews. Around 83% of the reviews are five-star, but there were a handful of negative reviews.
Complaints revolved around the following issues:
Pros
Cons
American Bullion is not a scam. The company has been around since 2009, is accredited by the BBB, and is associated with many of the top associations in the precious metals industry.
It is important to remember that just because a company is not a scam does not mean they are the best company for your gold IRA needs. Before you trust American Bullion with your retirement savings and investments, you must be sure they are trustworthy and will handle your gold investments professionally.
You need to be aware of several fees before investing with American Bullion. You will pay specific fees for self-directed IRA services and individual retirement accounts, including the following:
American Bullion uses Self-Directed IRA Services to offer custodianship to its customers wanting to invest in precious metal IRAs. They will guide you through rolling over from your existing traditional or ROTH IRA or opening a new IRA account.
Once the IRA company goes through the process and your funds become available, American Bullion partners with the highly respected Delaware Depository and will ship your IRA-grade bars and coins directly to the depository for safe storage.
You can trust the Delaware Depository to store precious metals safely. Remember that you cannot store your physical gold at home if you invest in precious metals IRAs.
American Bullion is ready to help you get started, even if you do not have a self-directed IRA. They handle most of the paperwork.
Finding information on all the precious metals American Bullion offers is challenging. Like some precious metals firms, you must call an account representative to purchase from American Bullion.
The company offers a range of gold IRA-approved precious metals, including some of the top choices below:
American Bullion does not always have a wide selection of platinum and palladium, as do other precious metals companies. Gold IRAs allow you to invest in gold, silver, platinum, and palladium, but not all gold coins are IRA-approved.
It is essential to have experts guide you when you buy gold coins, especially European coins. Your retirement investments will require professional scrutiny to avoid making mistakes when purchasing gold and silver for your retirement accounts.
There are many alternatives to American Bullion. Numerous companies offer a relatively longer minimum investment.
Although American Bullion stands ready to help customers with a retirement account, some feel the customer service team is overly pushy.
Because of the many American Bullion complaints, we urge our readers to proceed cautiously before purchasing precious metal from this company. Check out our comparison table to see how American Bullion stands against its top competitors in the precious metal industry.
We also invite you to read our countless reviews on the top companies so you can choose one that will ensure your physical products delivered safely. We want you to be completely satisfied with your chosen company's services, storage fees, and customer service.
American Bullion offers incentives that help investors save money on their precious metals. You can have your first year's fees waived when you open a new gold IRA or rollover from an existing retirement account. To qualify for the waiver, you must invest at least $50,000 in bullion coins and bars.
The company also offers a free incentive to new investors. A free kit allows you to learn about modern gold investments and how you can receive tax breaks. You can also learn about alternative assets through American Bullion's educational resources.
Investing with American Bullion is a reasonably straightforward process. We outline the steps below. You should experience a smooth process.
People flock to gold during economic distress and geopolitical turmoil. The less people trust the government, the more they seek precious metals.
Gold is respected worldwide for its value, rarity, and beauty. There are many reasons people should consider investing in gold bullion, including the following:
Opening a precious metals IRA account offers many benefits. Traditional IRAs do not allow you to invest in precious metals because they are considered collectibles.
The government allows you to invest in precious metals with a gold IRA. There are advantages of opening a gold IRA, including the following:
American Bullion products can be delivered to your home for your private collection. If you invest in gold and silver for a precious metals IRA, the IRS requires you to store your physical gold in an approved depository. American Bullion partners with the Delaware Depository and will ship your gold there for your IRA storage.
The coins sold by American Bullion are graded and certified by a third party. American Bullion is a member and authorized Professional Coin Grading Service dealer.
The investment minimum for an American Bullion gold IRA is $10,000. Some investors prefer a lower minimum, but American Bullion's minimum is relatively low, providing an easy way to invest in physical products for their IRAs.
It is safe to buy gold from American Bullion. The company offers a broad range of IRA-approved precious metals, including gold, silver, platinum, and palladium.
Account executives are extremely informed, though they can be slightly overzealous in their sales approaches. Do not let anyone pressure or force you to invest in a particular coin or bar.
American Bullion is not a bad company, but we believe they are far from the best. The company has a lot of professional accreditations and associations, but it cannot always reveal its effectiveness in serving customers' needs. We are highly concerned about the many complaints lodged against American Bullion.
If you decide to work with American Bullion, research the company carefully. Proceed cautiously and ensure you know exactly what to expect from the customer service team. Give them a call and try them out to see if they are pushy or rude first.
As always, we invite you to use our comparison table to see how American Bullion compares to other top gold IRA firms. It would be best to read our other company reviews to determine the most suitable fit for your investment needs.
The information provided in this website is intended solely for educational purposes and general informational use. It is not intended as, nor should it be considered, financial or investment advice. Investing in gold or any other financial asset carries inherent risks, and decisions regarding investments should not be made solely based on the information presented here.
We strongly recommend that you consult with a licensed and qualified financial advisor or investment professional before making any investment decisions. They can provide you with personalized guidance and take into account your individual financial situation and goals.
We do not assume any responsibility for the accuracy, completeness, or suitability of the information provided on this website for your specific circumstances. Any reliance you place on such information is strictly at your own risk.
Any opinions offered by The Gold Information Network are The Gold Information Network’s opinions and not to be relied on by anyone for any purpose.
