My Private Bullion is a company that specializes in gold and silver investing. It can help you add physical metals to your retirement account tax and penalty-free, or help you find the right gold and silver coins and bars you'd like to invest in and keep at your home. Keep reading to find out if My Private Bullion is the right company for you.
Disclosure: Some of the links in this article are from sponsors. The list below is an honest review gathered from thorough research, experience, and consumer-based feedback.
Important to mention before going further into this interview!
We understand that choosing a company to invest with is an extremely important financial choice; good news for you, we have done all the research and digging in this field for years.
That being said, through our rigorous review process, we have compiled a list of our 5 top gold investment companies for 2022.
Check if My Private Bullion made our top 5 list!
Or Take a Look at this Limited Time Promotion From Our #2 Recommended Company...
For a short time, they are matching dollar for dollar up to 10% of your order in free silver! That means $10,000 in FREE silver on a $100,000 order.
Stats about this company offering free silver:
- Over 1,000 5-star ratings from past clients
- Protects over $1 billion dollars in retirement asset savings
- AAA rating with the BCA
- A+ Rating with the BBB
- 5x Inc 500 winner
- 2021 company of the year
About My Private Bullion
My Private Bullion helps you add physical metals to your retirement account, and do so tax and penalty-free. It is a well-established precious metals investment firm that offers gold IRAs, numismatic coins, and collectibles. However, they lack the accreditation that a reputable company would have, which would help you make a more informed decision. Also, there is not much information available about the management team or custodians. The prices for their products are also not clearly marked, which can make comparisons difficult.
Most of their products however qualify for precious metals IRAs.
Gold IRAs and Private Solo 401Ks
A gold IRA is a method of buying and investing in precious metals in a tax-beneficial way to save as much of your wealth as you can. A gold or silver IRA is a self-directed IRA, and is not the same as a conventional IRA, which typically contains stocks, bonds, and mutual funds. Both types of accounts are a way to store your wealth in a tax-beneficial form, but precious metal IRAs allow you to diversify your portfolio out of the US dollar and stock market. My Private Bullion aids in the process of rolling over your current retirement account into a gold or silver IRA.
As mentioned above, investing in gold and silver is an excellent way to diversify and protect your money from inflation and market risks.
My Private Bullion offers an extensive range of precious metal products including both physical metals and IRAs that hold gold, silver, and platinum. However, we'd like to see more information about the company and its credentials on its website or overall online reputation. There's currently no information about the company's custodians, management team, product prices, and fees on their website or any other supporting content they have online.
Their claim is that they specialize in educating their clients about the risks associated with investing, but no past client reviews can vouch for this. Pas clients hhave said, however, that My Private Bullion offers several ways to communicate with its clientele, including phone, web, and email.
Are There any Red Flags With My Private Bullion?
There are a few red flags when it comes to My Private Bullion. When considering their client feedback, many of their reviews mention higher prices than competitors, untrue claims about money back and promotions, and they have some hidden fees. In addition, their financing agreement is set up so that you pay a minimal down payment and then use a loan to purchase the gold or silver you want. This is a massive red flag.
Is My Private Bullion a Scam?
Often, scammers will claim credibility and experience, claim that their products are limited in supply, and promise low risk due to a financing arrangement that requires only a small down payment, a loan to cover the entire cost of the metal, and a safe storage facility.
If you're planning to invest in precious metals, it is vital that you know where you're investing. These items are highly valuable, and must be stored securely. Scammers will try to deceive you by saying they own them, but it's likely that they're just trying to make a buck.
A former employee of the International Gold and Bullion Exchange has admitted that the company has been operating illegally for several years. He has also served a prison sentence for a previous criminal offense. The company claimed that its customers would receive their orders within 30 days, but in reality, they didn't.