Last Updated on March 11, 2023 by George
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In 2009, American Bullion was founded. The goal of the business was to establish the top precious metals broker. The business has prioritized providing the best customer service from its inception.
The business continues to receive favorable ratings and reviews on review websites. Although they have encountered difficulties, they work to resolve these issues and complaints as quickly as possible.
Before we begin this evaluation:
We know how challenging it is to choose a business you can entrust with your hard-earned savings. They create educational and helpful content, so you have all the knowledge you need to make the best choice.
To begin the shift from paper asset IRA to physical asset IRA, the corporation first signed a contract with Sterling Trust Company and then another with Delaware Depository Services.
During the first few months, the business attracted a number of consumers, and the phrase “gold IRA” gained notoriety. The business was a Gold IRA innovator. Only in 2010 did a number of other Gold IRA businesses emerge that provided the same services.
The company had the most IRA accounts for precious metals in 2011. The business became the first gold IRA company to accept Bitcoin payments in 2013 with the introduction of Bitcoin.
They have received numerous honors and medals since they began. As a provider of precious metals IRAs, American Bullion rolls over paper IRA accounts, including 401(k) and other retirement funds, into Gold IRA accounts.
Depending on the market, investors have a wide variety of products. You can select from American and European coins, some of which date back to the years before 1933 and others that are more recent. To suit your requirements and price range, there are coins and bars.
The business also sells platinum and palladium bars and coins in addition to well-liked gold and silver products. The business now manages assets worth millions from investors in the U.S. and Canada.
New users must make a minimum investment of $50,000, but they do not have to pay any fees for a year after signing up.
You can open a gold IRA account and start seeing the value of your precious metals increase if you have a 401k or other investment account and have enough savings to cover your basic demands.
The company’s biggest problem is with the delivery of precious metals. The organization makes you wait a fair amount of time if you need your Gold delivered to your home.
Management and Staff at American Bullion
CEO: Nevtan Akcora
Nevtan Akcora and Orkan Ozkan founded American Bullion. Since the company’s founding, he has served as CEO, and Nevtan served as the COO and the President of Onstar Worldwide prior to founding American Bullion.
Additionally, he had held senior management positions at a number of American trading firms.
Director of Marketing: Erman Ebren
With more than ten years, Ebren has worked for American Bullion. He worked as a systems engineer at Siemens earlier. He oversees a group of 18 people with Akcora.
Ebren held many jobs within the marketing division before becoming the director of marketing. His abilities and tenacity are responsible for the company’s rapid expansion.
American Bullion Fees and Pricing
The costs for new clients will be reduced. For accounts with an investment of less than $100,000, other consumers must pay $75 a year in account maintenance fees.
Regardless of the investor’s investment size, the account creation costs will total roughly $290. This price is a little more than what comparable businesses charge.
You are not required to pay any fees during your initial investing year, and the business takes care of your storage and administrative expenses. Investors will value what the company offers because only some businesses currently make such an offer.
The breakdown of all the costs you must pay is provided below:
- For accounts under $100,000, the annual cost is $75.
- The annual charge for accounts exceeding $100,000 is $150, and the total fee for all accounts, including storage expenses, is $290.
All of their customers have two storage choices from American Bullion:
DELAWARE DEPOSITORY, STRATA
These two businesses are storing your precious metals. These two well-known depository businesses provide excellent security safeguards to protect your metals.
Again, they are guaranteed, so you can be assured that nothing will ever be lost. The first-year promotion lets you begin investing immediately and without paying any fees.
The organization also lets you store your Gold at home in addition to the two depository alternatives. You can still choose this choice for personal investing even though it is not a safe one.
Although some investors have complained that it takes longer to get their Gold delivered, keeping your Gold at home is a great method to protect yourself against other types of investments and ensure you are protected from any government intentions to seize Gold from investors.
If you’ve ever wanted to visit the Delaware Depository and see your Gold, you can do so with an appointment. It takes a few weeks for your Gold to reach the depository.
You will receive a confirmation message a few weeks after placing your order.
You need to know that a company has what it takes to give you the greatest investment if you’re going to deal with them for more than 40 years in an industry. Numerous positive reviews of American Bullion provide assurance that they perform well.
The business was rated A+ by the Better Business Bureau (BBB), the top grade given to businesses. The business profile is no longer viewable on BBB, though.
American Bullion had a lot of excellent ratings before the profile was removed, with the majority of consumers complimenting their good customer service.
The company has received a number of favorable ratings on TrustLink. Most evaluations are favorable, with clients complimenting the company’s excellent customer service, constant communication, straightforward website, and straightforward investing process.
They also have a AAA rating on Business Consumer Alliance, which is the highest grade BCA can bestow. Despite the fact that there aren’t many reviews on BCA, they are all favorable.
On Trust Pilot, American Bullion has received the most reviews, and the business is rated 4.4 out of 5 stars in this instance. Even if this rating for a Gold IRA provider isn’t the greatest, it’s still a good grade.
Only a few of the reviews are unfavorable for the business overall. On Yelp, these evaluations tend to be unfavorable. The majority of these reviewers lament the lengthy delay in receiving their Gold.
Why Invest in Gold Bullion?
A low-risk investment option during uncertain and unstable political times is the gold Bullion. One of the first types of long-term investment was Gold. You should invest in Gold for a number of reasons, including:
- As Insurance
Gold operates under distinct principles as the world economy struggles. In contrast to equities or fiat currency, Gold does not appear to be affected by inflation or falling interest rates.
- Protect Wealth
Gold offers shelter when you need to preserve your wealth from unstable times and keep it intact. Because the economy is unstable, Gold should be a part of your investment portfolio.
- Control of Your Wealth
You have more control over your investment when you hold physical Gold. You can choose where to put your money regardless of whether you have Gold at home or in a depository.
The price of Gold has been rising continuously for so long. This track record is as near to a promise of future growth as investors will find.
Why Put Gold in Your IRA?
Individual Retirement Accounts (IRAs) safeguard your retirement and your family’s financial stability.
These special accounts allow you to set aside tax-sheltered savings that you can use in the future.
Investing these long-term funds into trustworthy and substantial assets is crucial to enjoying a safe and pleasant retirement.
Cash in an IRA is possible, but it depreciates quickly, and inflation is out of control.
There is no better asset for this than Gold because it is dependable, holds its value over time, and even grows in value.
With the world’s economy reeling via lockdowns, shortages, conflicts, and inflation, uncertainty has never been higher, and investors are safeguarding themselves by depositing actual Gold in IRAs.
These economic crises, which have a negative impact on the majority of other assets, benefit investments in Gold.
Risk is not taking action to safeguard yourself and your family against economic threats despite being aware of them.
Knowing the risks to your financial future and acting to safeguard it is the definition of safety. A Gold IRA makes it simple to achieve this.
IRA Approved Products
You can buy coins or bars of Gold, silver, platinum, and palladium to invest in. The only area of expertise for American Bullion is individual retirement accounts. To ensure you have the proper physical goods, they abide by all the regulations established by the IRS.
Among other things, they sell the following coins:
- A gold American Eagle coin
- United States Buffalo Gold Coin
- Gold Maple Leaf coin from Canada
- Gold Austrian Philharmonic Coin PAMP Suisse Bar
- Proof American Eagle Gold Coins
Frequently Asked Questions
American Bullion converts which retirement accounts?
If you want to convert your self-directed, traditional, or Roth IRA, you can open an account with American Bullion. Their professionals can guide you through the various rolling-over processes for these accounts.
What is required for the Gold IRA rollover?
You must have a shipping and transaction agreement before you can begin, and it must occur before the business opens an account for you and makes a gold transaction on your behalf.
Legal clauses about risk assumption, payments, deliveries, prices, storage, and cancellation are included in the agreement. This agreement must be carefully read and understood by you before you sign.
A self-directed IRA application must also be sent to the Self-Directed IRA Services.
Your contact details and the type of rollover you require should be listed here. The form should accurately state all requested information, including name, date of birth, and social security number.
After sending this application, submit a self-directed IRA transfer request to the custodian of your account who is currently handling it. The Gold IRA account is formed once you have filled out this form.
Your retirement account holder will send a wire transfer or check to the Self-Directed IRA Services, which must be deposited using a deposit coupon.
Can I take my Gold out of my account?
Gold can be taken out whenever you desire. However, a 10% withdrawal fee will be charged to anyone under 59-1/2. You’ll also be required to pay standard income tax.
The government uses this strategy to ensure that younger individuals keep their retirement savings.
When I transfer my IRA, Am I required to pay taxes?
There are no taxes due when you roll over, regrettably. You won’t pay taxes during the transfer process, and it should be finished in 60 days. However, you have 60 days to deposit taxes, and additional fees kick in.
Can I get my IRA gold for storing at home?
A Gold IRA account cannot be opened, but you can invest in physical Gold and deliver it to your home. The IRS mandates that all Gold for Gold IRAs be delivered immediately to the depository.
When you reach the IRS-defined age, there are no restrictions on how you can withdraw or sell your Gold.
Why Should You Consider Gold?
Do you buy about as many groceries for $100 now as you did a year ago?
Do you get as much gas for $100 as last year?
- What direction do you believe this trend will take?
- Are your retirement funds secured against inflation at this rate?
- Throughout human history, the cornerstone of personal prosperity has been Gold.
- Politicians are blatantly misusing the U.S. dollar, and investors are “rediscovering” what their grandparents always knew: Gold is the best safeguard for your money.
- Politicians believe that printing money is the solution to every issue. The government always produces money to “fix” problems, whether they involve a pandemic, a drop in the stock market, a war, or shortages.
Your dollar will buy you less than it did the previous year.
- The government abandoned the gold standard for a reason—it puts an end to this craziness!
Old things become fresh again.
The best way to safeguard your money is to invest a sizeable amount in Gold, a real, tangible object that can never lose value.
Pros and Cons
- Comprises of a team of experts in Gold IRAs
- Present both American and European currency
- Fair prices and prompt payments for members Proven track record with high ratings and glowing testimonials
- Prompt client assistance
Final Thoughts – American Bullion Review
Customers are well-served by American Bullion. You can make a direct rollover with the assistance of one of the most well-known Gold IRA firms.
You can always contact the professionals for assistance if you have any questions. Before investing, you should learn everything you can about a Gold IRA.