American Precious Metals Inc. is a reputable family-owned precious metal investment retailer and wholesaler based in Phoenix. With a focus on gold, silver, platinum, and palladium coins and bars, the company offers a wide range of bullion items sourced from regional and international mints.
In collaboration with New Direction Trust Company for custodial services and CNT Depository, Inc. for secure storage, American Precious Metals ensures the safety of investors' assets.
They also provide appraisal services and assist investors in opening and funding precious metals IRAs.
The company offers a unique lending service where investors can use their precious metals as collateral for loans.
With their commitment to honesty, timely responses to inquiries, nationwide delivery, and top-notch customer service, American Precious Metals Inc. has established itself as a trusted name in the industry.
Investors seeking reliable information about this company will find comprehensive details through their website or by visiting their offices.
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What is American Precious Metals Inc?
American Precious Metals Inc. is a reputable family-owned precious metal investment retailer and wholesaler based in Phoenix, specializing in gold, silver, platinum, and palladium coins and bars.
The company has been operating since 1994 and has established itself as a trusted provider in the industry.
American Precious Metals offers a range of services to meet the needs of its customers. In addition to buying and selling precious metals, they also provide appraisals and valuations for estates.
They have a team of knowledgeable employees who are dedicated to addressing customer needs.
One notable aspect of American Precious Metals is their collaborations with New Direction Trust Company for custodial services and CNT Depository, Inc. for secure storage of precious metals.
These partnerships ensure that customers' investments are handled with care and stored securely.
Another advantage offered by American Precious Metals is their nationwide delivery service. They deliver registered and insured orders to customers across the country, ensuring that purchases arrive safely.
In terms of product offerings, American Precious Metals provides a variety of gold and silver products from regional and international mints. They offer coins, rounds, and bullion items that are produced by government-backed mints as well as non-government mints.
American Precious Metals Inc. has a strong history and background in the industry. Their wide range of services, collaborations with trust companies, and diverse selection of gold and silver products make them a reputable choice for investors looking to buy or sell precious metals.
American Precious Metals Inc. Management
The founder, Jerry Williams, established American Precious Metals in 1994 after conducting extensive research on precious metals during his time in the financial services industry.
The company's management structure is not explicitly mentioned in the provided information. However, it is stated that American Precious Metals is a family-owned business, suggesting that Jerry Williams and his family may have a significant role in the management of the company.
American Precious Metals aims to provide customer satisfaction by offering honest and timely responses, factual data, and avoiding high-pressure sales techniques.
The knowledgeable employees at American Precious Metals can address customer needs and assist them in finding specific items even if they are not currently in stock.
In addition to their retail and wholesale operations, American Precious Metals also offers estate appraisal services. This means that customers can rely on the expertise of the company's employees to appraise and value their estates accurately.
American Precious Metals collaborates with New Direction Trust Company for custodial services. This partnership allows investors to open self-directed accounts and invest in precious metals through American Precious Metals while having their assets securely held by New Direction Trust Company.
Based on the available information, American Precious Metals appears to prioritize customer satisfaction through its knowledgeable employees, estate appraisal services, and collaborations with trusted partners.
Custodian and Storage Partner
New Direction Trust Company serves as the custodian for American Precious Metals, offering a range of self-directed accounts for investors to securely hold their assets. Choosing a custodian like New Direction Trust Company has several benefits when it comes to storing precious metals.
- Custodians provide a secure and insured storage solution, protecting the investor's assets from theft or fraud.
- Custodians have established relationships with reputable storage partners like CNT Depository, ensuring that the precious metals are stored in a safe and professional environment.
When selecting a storage partner, there are several factors to consider. The reputation and experience of the storage company are crucial since investors want to ensure that their assets are in capable hands.
CNT Depository has been in business since 1972 and is well-known in the industry for its professionalism and cutting-edge technology.
Security measures implemented by custodians and storage partners include sophisticated surveillance systems, access controls, and comprehensive insurance coverage.
These measures help safeguard against theft or unauthorized access to the precious metals.
Custodians play a vital role in the precious metals industry by providing investors with peace of mind regarding the safety of their assets. By partnering with reputable storage companies like CNT Depository, custodians ensure that investors' holdings are protected while allowing them easy access to their investments whenever needed.
American Precious Metals Inc. Products
One notable aspect of the products offered by American Precious Metals Inc. is the variety and diversity of gold and silver bullion items. Investors have a wide range of options to choose from, including coins, bars, and rounds.
These products come from reputable mints such as the U.S. Mint, Canadian Mint, and other nation-backed mints.
Here are some of the investment options available:
- Gold Bullion: American Eagle, Canadian Maple Leaf, Australian Kangaroo, Austria Philharmonic, and American Buffalo.
- Silver Bullion: Silver Rounds, Silver Bars, Silver Panda, and Silver Austria Philharmonic.
- Gold Numismatic: St. Gaudens, Gold Liberty, and Gold Indian.
- Gold Foreign: French 20 Francs, Mexican 50 Peso, Swiss 20 Francs, Austria 4 Ducat, and British Sovereign.
These products cater to different investor preferences and offer a range of designs and weights. Quality assurance is ensured as these items come directly from respected mints.
Investors can also stay updated with market trends through American Precious Metals' diverse product offerings. Pricing comparison can be done based on factors such as weight and design.
Customer testimonials provide insights into the satisfaction levels of previous buyers who have invested in these products. This feedback can help potential investors make informed decisions about their purchases.
American Precious Metals Inc.'s product selection offers a comprehensive range of investment options for individuals looking to diversify their portfolios with gold and silver bullion items.
Precious Metals IRAs
Investors can diversify their retirement portfolios by opening a self-directed IRA that allows them to purchase and hold precious metals such as gold and silver bullion items.
American Precious Metals Inc. offers assistance to investors in opening and funding a precious metals IRA through their partnership with New Direction Trust Company. This process involves several steps, including:
- The opening of a self-directed IRA account
- Funding it through rollovers, transfers, or contributions
- Working with a depository such as CNT Depository Inc.
- Deciding on which precious metals to purchase for the IRA
- Finally having the custodian send client funds to the precious metals dealer who then sends the purchased precious metals to the depository.
There are several advantages to investing in a precious metals IRA.
- It provides an opportunity for portfolio diversification by adding an asset class that is not directly tied to traditional markets like stocks and bonds. Precious metals have historically acted as a hedge against inflation and economic downturns.
- Holding physical assets like gold and silver can provide investors with a sense of security knowing they have tangible wealth stored in highly secure facilities.
- There may be potential tax benefits associated with investing in a precious metals IRA depending on individual circumstances.
Still, there are also risks involved in investing in precious metals IRAs. The value of these assets can be volatile and subject to market fluctuations. There may be storage fees associated with keeping the physical assets in a depository.
It's important for investors to understand the tax implications of owning a precious metals IRA as well.
While contributions made with pre-tax dollars may offer immediate tax advantages, distributions from these accounts during retirement will generally be subject to ordinary income taxes.
Investing in a precious metals IRA can provide diversification benefits for retirement portfolios but should be carefully considered based on an individual's financial goals and risk tolerance level.
Precious Metals Lending Service
The lending service offered by American Precious Metals allows investors to use their precious metals as collateral for securing a loan. This service provides several advantages for precious metal investors who have immediate cash flow needs.
Conventional banks do not offer loans against precious metals because they cannot hold them as collateral, making American Precious Metals a valuable option in the market.
To qualify for this lending service, investors must meet certain requirements. The minimum loan amount is $50,000, and borrowers can borrow up to 80% of the value of their precious metals at the time of the loan application.
The process involves contacting the person managing the loan at American Precious Metals, who will then assist in shipping the precious metals to CNT Depository, Inc., where they will be held until the borrower pays off the loan.
Throughout this process, the precious metals used as collateral are insured. Loans have a term limit of 180 days with an option for renewal after that period.
It is important to note that there are risks associated with using one's precious metals as collateral, such as potential fluctuations in metal prices and repayment obligations.
However, this lending service offers benefits such as immediate access to funds without needing to sell one's precious metals.
American Precious Metals' lending service provides a convenient solution for investors seeking liquidity while still holding onto their valuable assets.
To provide clarity and address common inquiries, let's delve into frequently asked questions regarding the services offered by American Precious Metals Inc.
- How to buy gold: American Precious Metals offers a wide range of gold coins and bars from regional and international mints. Existing customers have no minimum purchase requirement, while new customers must purchase at least one ounce of gold. Out-of-state customers are required to buy five ounces of gold.
- Selling silver coins: American Precious Metals also deals in silver coins and bars. Existing customers do not have a minimum purchase requirement, but new customers must purchase a minimum of 50 ounces of silver. Out-of-state customers are required to buy 100 ounces of silver.
- Investing in platinum: Unfortunately, American Precious Metals does not offer platinum or palladium products at this time. They specialize in gold and silver investments.
- Palladium price forecast: As American Precious Metals does not deal with palladium, they do not provide specific price forecasts for this metal.
- Estate appraisal services: American Precious Metals offers estate appraisal services for precious metals at a fee ranging from $50 to $200 per hour by appointment. But, if an investor sells their precious metals through the company, the appraisal fee is waived.
Investors interested in buying gold or selling silver coins can rely on American Precious Metals Inc.'s extensive selection and expertise in the field.
Although they focus on gold and silver investments and do not offer platinum or palladium products, their estate appraisal services can be beneficial for those looking to value their precious metal holdings accurately.
American Precious Metals Inc. is a reputable and reliable family-owned precious metal investment retailer and wholesaler based in Phoenix.
They offer a wide range of gold, silver, platinum, and palladium coins and bars sourced from regional and international mints.
With their collaboration with New Direction Trust Company for custodial services and CNT Depository, Inc. for secure storage of precious metals, they ensure the safety and security of investors' assets.
Their services include appraisal assistance, opening/funding a precious metals IRA, and a lending service using precious metals as collateral for loans.
American Precious Metals Inc.'s commitment to providing honest responses to customer inquiries and insured delivery nationwide makes them a top choice for investors in the gold and precious metals market.
For more information or to contact them, investors can visit their offices or website.
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