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There are many ways to invest in precious metals. Whether you want to invest within a gold IRA or prefer increasing your stash at home, having access to a reliable retailer or investment firm becomes essential.
There are many names in the precious metals industry. Some offer personalized customer service, while others are known for scandals, lawsuits, and pushy sales tactics.
Investing in precious metals allows you to diversify your investment portfolios. As we have learned from our own investment experiences, diversification is essential to protecting your wealth during economic instability.
Diversifying your portfolio helps ensure you will not lose all your wealth in one catastrophic market event. We are here to help you preserve your wealth in an uncertain economy by providing you with knowledge of the many precious metal companies in the industry.
Legacy Precious Metals has been around for years and has strong celebrity backing, with Newt Gingrich as its spokesperson. It's important to learn the facts about this company and the services it provides. You must also know who runs the firm and what customers say about its services.
We have exhaustively researched this company to find all the details so we can deliver our personal analysis, which is based on years of industry research. We provide all the information so you can make an informed decision. Use our comparison chart and read until the end to get our final decision on Legacy Precious Metals.
After reading this Legacy Precious Metals review, we encourage you to do due diligence and research your options. We have spent much time gathering information for company reviews to help you compare retailers or firms.
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 analyzed Legacy Precious Metals, a gold and silver dealer located in Calabasas, California. The company sells bullion coins and bars online and by phone.
Legacy Precious Metals is a full-service precious metals firm located in Frisco, Texas. Its founder and CEO is Charles Thorngren. The firm's parent company is Miles Franklin, one of the industry leaders.
The company opened in 2008 to help people invest in precious metals without stress. Legacy Precious Metals offers many services to help investors protect their wealth against market volatility.
They offer information on market trends and personalized customer service to help you overcome the obstacles in your personal circumstances so you can seek a gold IRA or begin investing in physical gold to store at home.
You can discover much information about a company simply by binge-reading customer reviews. The Better Business Bureau is a good starting point for investigating a precious metals company.
Legacy Precious Metals has an F rating and is not accredited by the BBB. Four customer complaints have been filed, but we cannot view all of them.
One customer complained that the online platform had been down for days. They could not access their precious metals and needed to make changes. The customer says Legacy cannot help its customers without the online platform. The company did not respond to the complaint.
Another customer was trying to withdraw their money from their account. Legacy wanted them to send their routing and account numbers, but the customer did not feel comfortable doing so. Legacy Precious Metals never responded to the complaint.
There were no other reviews on the BBB, so we researched on Trustpilot and found a company profile page for Legacy Precious Metals. Here, the company has an excellent rating based on 12 customer reviews. They have 4.3 stars out of five.
Around 75% of the reviews are five-star. The rest were all four-star reviews. Topics of the reviews include the following:
We are concerned about the Better Business Bureau's F rating. Although the Trustpilot page shows a more favorable impression of the company, we still find it concerning that they lost accreditation with the BBB and now have an F rating.
We could not find any other reviews on other sites, including Business Consumer Alliance or Google. We will update this review with further information as it becomes available.
pros
Cons
Legacy Precious Metals is not a scam. The company has been around since 2008, and its parent company, Miles Franklin, has been around even longer.
Although the company is not a scam, that does not mean it offers the best services. Before getting involved, it is important to research the company as much as possible and learn what to expect from its services.
Before investing with Legacy Precious Metals, you must know what kind of risk you are taking.
Legacy Precious Metals seeks to educate the public first. They want to teach you about the advantages of investing in precious metals so you can make wise decisions with your money. They also offer the following:
There is not much information about the gold IRA services offered by Legacy Precious Metals. We could not find information on the custodians, depositories, or costs.
Legacy Precious Metals does not offer as much information about its services as other precious metal dealers. Legacy Precious Metals' website is very basic. You can download a free gold IRA guide to help you get started, and Legacy encourages people to call to talk to a specialist.
Legacy Precious Metals offers gold and silver coins, but the website shows a limited amount. We could view IRA-approved gold and silver coins, but there was no pricing information.
Legacy Precious Metals says you have to call to learn more about these coins. You cannot purchase anything on the website. There is no shopping cart to add your items to or a way to shop without calling.
Those who want guidance may appreciate being able to call for buying advice, but many people prefer shopping alone and do not want to talk to a pushy salesperson.
Here are a few of the coins we saw featured on the Legacy Precious Metals website:
We could not find any platinum or palladium coins on the Legacy Precious Metals website. Although there are different types of gold and silver coins, we could not verify if the company sells bars or other precious metals. The company's expertise lies with only a few valuable coin options.
You can invest in precious metals in various ways. It's important to explore your options so you can make the best investment choices from the following:
You have the option of buying physical gold and storing it at home. Although no law requires you to report precious metal purchases to the IRS, gold retailers must report purchases of $10,000 or more. It would be best to consider secure storage options to protect your gold.
A gold IRA allows you to invest in precious metal investments with tax advantages. You can take advantage of tax-free withdrawals or contributions, depending on the type of gold IRA.
You can purchase gold mining stocks to invest in precious metals without the security issues of storing gold at home. There are drawbacks, such as the potential for losses.
Gold ETFs are mutual funds that follow the price of gold. They allow investors to get their feet wet by investing in gold without storing the metals at home.
Gold ETFs are best for those with market experience. They are more challenging to understand than other options, based on our experience.
Gold futures have much higher risks than gold stocks but have the potential for larger payouts. A gold future is a contract allowing investors to buy or sell a specific amount of gold later. This investment option is not for beginners.
No investment is without risk. Although the volatility of gold and other precious metals is lower than stocks and bonds, you need to know both the advantages and disadvantages before investing.
We have discovered These advantages and disadvantages in our precious metal investments:
Advantages
Disadvantages
Legacy Precious Metals has a strong celebrity spokesperson in Newt Gingrich, but the company's online reputation leaves much to be desired.
We try to consider the complete picture of a company before giving it a thumbs-up for our readers. Our standards are high, and Legacy Precious Metals does not make the cut.
When we review Legacy Precious Metals, we consider the Better Business Bureau's ratings and customer complaints. The BBB's F rating does not look good.
Although Legacy Precious Metals has some good customer reviews and promises competitively priced gold, we don't feel they are not the best company for investing in coins like the American Silver Eagle or other bullion.
We encourage our readers to look for better options, such as the top companies on our list. We have spent countless hours researching in our investment journeys and want to pass on this information to our valued readers. You do not want to make a large purchase without having the facts to make an informed decision.
We recognize the significance of your financial decisions and the trust you place in us. We've done extensive research, examining reviews, reputation, products, fees, and history to ensure you receive accurate insights.
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.
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