Trading | Gold Retired

St Joseph Partners Review – No Info on Their IRA Service?

January 23, 2023 by Glanz Leave a Comment

If you are looking for a reliable company to invest in precious metals, St Josephs Partners might be the place. What is St Joseph Partners? The company serves individual investors and institutions focused on physical gold, silver, and precious metals. Let us have a closer look at the company!

Company: St Joseph Partners

Website: https://stjosephpartners.com

Who is it for: precious metal investors, retirees

Overall rating: [usr 4]

What is St Joseph Partners Co?

St. Joseph Partners is a reputable firm in the precious metal industry that enables investors and institutions to acquire physical gold, silver, and other varieties of precious metals on time for investment.

The company stands out for its culture deeply rooted in Christianity, as evidenced by its name, which references the Biblical story of Joseph.

St. Joseph Partners offers services that help investors diversify their portfolios to prevent the loss of wealth. This is more so paper assets that arise from unusual shake-ups in the global economy.

To avoid becoming a statistic like many who’ve lost their wealth, you can include a portion of precious metals in your portfolio, and this is where St. Joseph Partners comes in to help you.

How Does St Joseph Partners Work?

To get started with St. Joseph Partners, individuals and institutions can access the company’s official website and use the eCommerce platform to purchase precious metals.

Navigate to the “Shop” menu, and search for the desired metals to make your purchase. The eCommerce platform is user-friendly and easy to navigate, similar to other platforms you may have used.

To receive personalized services for the other services offered by this company, the best approach is to contact the customer support staff through the options provided later in the review. Getting customer support staff maximizes the chances of receiving personalized services.

Features of St Joseph Partners

St. Joseph Partners offers convenience by enabling customers to access certain services easily and eliminates the need for customers to struggle to figure things out independently.

Retirement Plan Asset Researcher

St Joseph Partners researches the most appropriate assets for investors’ portfolios so that they can have outstanding benefits in comparison to those offered by traditional investments.

Gold Silver Storage Services

St. Joseph Partners offers precious metal storage services for customers. They provide insured vaults for storing gold and silver domestically and internationally. Customers can turn to this company to keep their precious metals safekeeping.

Financial Advisory Services

For quite some time, this company has been helping investors stay clear of the devaluation of their assets resulting from significant events worldwide by offering unique financial advisory services.

Payment Services

When purchasing precious metals, using cash instead of a credit card or PayPal can result in significant savings. For example, money over these other payment methods can save as much as $75 on a single product.

On their e-commerce platform, you can check the price of gold, silver, platinum, or palladium coins or bars to sell to the company. Keep in mind that the price for selling your products may be lower than the purchase price.

But this difference allows the company to make a profit and remain operational. Before finalizing your purchase, compare prices to ensure you receive the highest amount possible for your precious metal bars and coins.

Trading Gold Services

St Joseph Partners claims to offer fair prices for gold in various forms, such as jewelry or scrap gold. It is meant to persuade potential customers to sell their gold to the company. However, it’s essential to remember that the fairest price may vary, and it’s always best to check with multiple gold buyers before deciding.

Precious Metals IRAs?

Yes St Joseph Partners offer IRA services. On their website there is no info on what custodian (or custodians) they work with though and also no info at all about what their fee structure is like. The only info found on their gold IRA services were basically this (in exact words):

We are happy to assist you in securing precious metals for your retirement account and will guide you through each step of the process from the initial coordination with an administrator to the final tracking of delivery into an approved depository for safekeeping.

Important: Please make sure that you ALWAYS know exactly what fees you are going to have to pay before you move ahead and sign anything. This is where most of the gold IRA frauds take place and can end up being a very costly story. Transparency is what you want from a company.

¨¨See our Top-3 Gold & Silver IRA Solutions (100% transparent, one even pay your fees for up to 10 years)

Frequently Asked Questions(FAQ)

What are St Joseph Partners’ minimum purchase requirements?

The company does not have any evidence of minimum purchase requirements, but you can contact their support staff to confirm if they have implemented such a policy at the time of your purchase.

Does St Joseph Partners purchase precious metals from private sellers?

St Joseph Partners conducts business by selling precious metals and purchasing genuine products from individual sellers.

Is St Joseph Partners Legit?

St Joseph Partners conducts genuine business that benefits both its owners and customers, according to information available on the internet. The company’s gold specialist, Andrew Mason, has an active LinkedIn profile and has been with the company since 2009.

However, the company is not BBB accredited. It has an A+ rating representing the BBB evaluation of the company’s likely interaction with its customers based on information obtained, including complaints from the public.

Generally, company ratings are not applicable.

Pros and Cons of St Joseph Partners

Pros

It offers precious metal IRA services.
Buy products from individual sellers.
There are no minimum purchase requirements.
The company also provides a religious course, which may be necessary for Christians and those who support the well-being of troops, police, and firefighters.

Cons

St. Joseph Partners has a relatively small precious metal collection compared to other industry leaders.
Not much info on their IRA services, fees, custodian, etc

Alternatives to St Joseph Partners

If you are unsure about the services St Joseph facilitates, you can contact their support staff or visit them in Pennsylvania. Alternatively, you can (and should ALWAYS) check out other companies as well and compare before you make any decision. We have reviewed 120+ companies that also deal in trading Gold and have excellent IRA investment options too. A good place to start your research might be by looking at the five best rated companies:

==> See our Top-5 List Gold Investment Companies (in the US)

Conclusion

St Joseph Partners offers a valuable course dedicated to helping customers protect their investments from market forces that may cause a significant loss in the value of their assets. Despite not having the highest profits in the industry, the company’s revenue streams demonstrate its operational status and a significant number of satisfied customers.

I hope you found this short review of St Joseph Partners to be helpful and that you now have a better understanding on what it is. If you have used any of their services then please share your experience in the comment section below as it can help others!

I wish you success!

Glanz, investor and team member on goldretired.com

What is Houston Precious Metals? – No Reviews to Be Found??

January 22, 2023 by Glanz Leave a Comment

Precious metals companies have often raised eyebrows concerning whether or not they are legit. One such company is Houston Precious Metals. What is Houston Precious Metals? Is this company legit or a scam? Let´s have a look!

Company: Houston Precious Metals

Website: houstonpreciousmetals.com

Owner: No info found on the website?

Founded: 1978 (according to their website)

Who is it for: Precious metals investors

P.S.

We have reviewed over 160+ precious metals companies on this website:

==> See our Top-5 List of Gold Investment Companies (USA edition)

What is Houston Precious Metals?

Houston Precious Metals is a company that buys and sells precious metals, including gold, silver, and platinum. The company is based in Houston, Texas, and serves customers in the United States and worldwide.

Since 1978, Houston Precious Metals has specialized in recycling precious metal scrap, including old jewelry and sterling silver tableware. According to their site, as a locally owned and operated company with 38 years of experience, they place a high value on fine quality items such as antique jewelry, large diamonds, modern and antique watches, and sterling silver and offer especially high prices for these items.

HPM Products and Services

The company also specializes in buying and selling gold, including gold jewelry, coins, and bars. They offer great prices for old and new gold, as well as buy all types of gold coins, such as

1 oz Silver Rounds,
US Gold Eagles,
Canadian Mapleleafs,
South African Krugerrands,
Mexican pesos.

Additionally, Houston Precious metals buy and sell all gold bars, including Credit Swiss, English Sovereigns, Swiss and French 20 Franks. Do you have any unwanted gold that you would like to sell? Bring it to Houston Precious Metals, and we will be happy to make you an offer.

The company also has a well-stocked inventory of silver for sale, including

1 oz silver rounds,
1 oz US Silver Eagles,
10 oz silver bars,
100 oz silver bars,
US 90% silver coins and dollars, such as dimes, quarters, halves, Peace dollars, 1921 Morgan dollars, and 1878-1904 Morgan dollars. You can call them for a quote.

They also offer various services related to these metals, watches, including refining, storage, and transportation, and diamonds. Other services may include Appraisals and consultants to help customers determine the value of their precious metal items.

Is the Houston Precious Metals a Scam or Legit?

I would say that Houston Precious Metals is a legit business, it´s been conducting business since 1978 and it they wouldn´t have survived that long if it was a scam, right? However, I understand that it is difficult to recommend whether the company is legit or not. This is because it is poorly rated across the board. We (almost) didn´t find any reviews or ratings on them from the most well-known and trusted consumer protection agencies:

Houston Precious Metals reviews:

BBB (Better Business Bureau)

Overall rating: N/A

Trustpilot

Overall rating: N/A

BCA (Business Consumer Alliance)

Overall rating: N/A

Trustlink

Overall rating: N/A

Yelp

Overall rating: (4.5 / 5) (from 3 reviews) click here for details (opens in new window)

The conclusions from the above ratings:

As you clearly can see, there are no ratings nor reviews on both BBB or TrustPilot and those are the most well-known and trusted, independent third-party consu,mer protection agencies in the industry. However, even if I would prefer to find something there it don´t have to mean anything bad, could have many explanations to why there is nothing to be found. The only reviews we found was on the Yelp website, that is also a well trusted internet watchdog site.

Final Thoughs

Verdict: Legit!

Overall rating: (3 / 5)

Yes, this company is legit, am pretty sure about that, especially since it was founded 1978 (if that is correct). However, we can not be able to recommend Houston precious metals for investment. The company has too few reviews and ratings. However, if you feel that you would want to invest in the company, you have to do your due diligence. Not sure how that would work though as there is so little to be found on them.

Recommendation:

There are hundreds of gold investing companies out there, and we have listed A LOT of them on this website. The absolute best rated ones we have collected on a top-5 list, you might want to have a look on those:

See our Top-5 List of Gold & Silver Investing Companies (in the US)

I hope you found this short review of Houston Precious Metals to be helpful and that you now have a better understanding on what it is and if it is something for you or not. If you have used any of their services then please share it in the comment section below as it can help others!

I wish you success!

Glanz, investor and team member on goldretired.com

The Best Gold-Backed IRA – a Deep Dig to Select The Nr 1

January 19, 2023 by admin Leave a Comment

What is the Best Gold-Backed IRA, and what are the things you should think about. This is the main subject we will discouss today. Gold investment retirement accounts (IRAs) offer numerous benefits, such as allowing investors to diversify their portfolios, providing a hedge against inflation, and maintaining the value of their investments over time. In a real sense, you are turning some of your retirement savings into Gold to take advantage of its potential to increase in value over time.

So, is adding a Gold IRA to your portfolio the best course of action for you? This article should help you understand what to look for in your IRA to determine if it permits you to establish a Golden retirement nest egg, even if not all IRA accounts allow Gold investments.

What is a gold IRA?

An individual retirement account (IRA) in the form of a Gold IRA enables investors to hold physical Gold, silver, platinum, and palladium in contrast to more common assets, such as cash, equities, and bonds, to which standard IRAs are restricted.

An IRA in the form of a Gold IRA is attractive to investors for many reasons, including diversification and tangible assets protected against inflation. With a Gold IRA, investors can benefit from the long-term growth potential of precious metals while taking advantage of the tax benefits available to IRAs.

This blog aims to inform you about the key components to think about before investing in a Gold IRA. When investing in a Gold IRA, it is essential to consider the risks and weigh them against the potential benefits.

P.S.

See our Top-3 Gold IRA Solutions (for any budget)

THE ROLE OF BROKERS AND CUSTODIAN IN IRAs

You can set up a self-directed IRA, a type of IRA that the investor manages directly and is allowed to buy a more considerable choice of investment products than regular IRAs to invest IRA money in Gold. A broker must purchase the Gold for a Gold IRA, and a custodian must set up and manage the account.

To provide asset custody services to individual investors and financial advisors, IRA custodians are typically banks, trust companies, credit unions, brokerage firms, or savings and loan organizations that have received approval from federal or state governments. For their IRA clients, they do not pick the metals merchants. You, as an investor, are in charge of this. However, reputable custodians may be eager to share their list because they have connections with several hundred IRA dealers around the nation.

Choosing the right brokerage partner for your business can be difficult, especially if you’re unsure what qualities to look for in a partner. These qualities consist of the following:

Specifications:

To secure your IRA, you should only do business with organizations that possess the necessary and authorized licenses, registrations, insurance, and bonds. Request confirmation of such rights and other details before investing with any company. Research each organization thoroughly to ensure you are comfortable with their operations, qualifications, and any associated fees

Proven Track Record:

These records can provide an accurate picture of how the business has performed regarding customer service and other vital areas. Look for a company that has earned top marks from unbiased organizations like the Better Business Bureau or the Business Consumer Alliance.

Clarity:

By being fully informed up front, you can avoid unpleasant surprises like unanticipated charges after you invest.

Versatility:

Because each investor has unique wants and objectives, we advise choosing a firm that will work with you rather than a generalized approach. Finding an investment advisor that can provide tailored advice, considering your specific financial needs and goals, is crucial.

RULING IRAS IN GOLD, WITH SOME MUST-KNOW ATTRIBUTES.

Check Book IRAs:

With a Check Book IRA, you have more control over your retirement funds and can make investments as you see. You can open a Check Book IRA, a self-directed IRA that does not require custodial management, as an alternative to using a custodian and paying the related fees. Because you need to be an LLC and have a business checking account, to name just two requirements, setting up a Check Book IRA is challenging. However, a Check Book IRA can be valuable to any retirement plan with the right resources.

Investors can buy Gold American Eagles, a coin produced by the U.S. Treasury, for their retirement accounts and retain them directly, avoiding custodian and storage expenses. This Internal Revenue Code 408(m) exception does not apply to any other currency. It is a valuable exception, as it allows investors to purchase Gold coins and hold them directly in their retirement accounts.

Consider this option with caution, as the IRS actively examines this kind of IRA.

Rolled Gold:

You can transfer all or a portion of the money from an existing IRA or 401(k), regular or Roth, into a Gold IRA. Doing so can allow you to diversify your retirement portfolio, safeguarding it against market volatility and potential losses. Any other retirement fund can use the same rollover procedure without paying income taxes or early withdrawal penalties.

Typically, after submitting an account application (online or on paper), it takes 24 to 48 hours for the account to be formed after submission and receipt of the application. Once the account has been established, investors can roll over funds from their existing retirement accounts into the Gold IRA.

The two custodians will contact one another to transfer the resources to the new custodian and fund a new Gold IRA after receiving the signed transfer request from all parties. An account representative will review the current precious-metal possibilities a customer can buy once the money is available in the new IRA account. After all the necessary paperwork is filled out and signed, the transfer of funds to the new custodian can begin.

TAKING MONEY OUT OF A GOLD IRA

Similar to other individual retirement plans, a Gold IRA has withdrawal regulations. A Gold IRA is accessible as a standard or Roth IRA, just like other IRAs.

Conventional Gold IRAs:

Pre-tax funds are used to make donations. Pre-tax funds used to make donations to a conventional Gold IRA can help you save on taxes while simultaneously helping you invest in your future.
Every distribution is subject to income tax.
A 10% penalty is applied to distributions made before age 59 1/2.
RMDs are required if you’ve reached the age of 72.

Roth Gold IRAs:

After-tax funds are used to make contributions. Contributions to a Roth IRA are made with after-tax funds, meaning that the money used to make contributions has already been taxed and is not subject to taxes when withdrawn in retirement.
A 10% penalty is applied to distributions made before age 59 1/2.

SOME OF YOUR QUESTIONS NEED TO BE ANSWERED.

How can I purchase Gold in an IRA?

Through an IRA, you can purchase Gold in two different ways.

Self-Directed: One option is to set up a self-directed Gold IRA, which enables you to use retirement funds to purchase actual Gold and silver.

ETF: Although this is not the same as owning physical bullion, it is possible to invest in a mutual or exchange-traded fund (ETF) that invests in precious metals. It is a less expensive way to gain exposure to the Gold market. It offers diversification in terms of other metals such as silver, platinum, and palladium.

What Gold Is IRA Eligible?

In a Gold IRA, only specific Gold investments are permitted. If the coins are legally tender and have a purity of 99.5% or higher, they may be placed in an IRA. Gold bars and rounds with a purity of at least 99.9% are also allowed. Gold coins and bars are the only Gold investments that meet the eligibility requirements for inclusion in a Gold IRA. Gold bullion coins, such as the American Eagle, Canadian Maple Leaf, and South African Krugerrand, are popular choices for a Gold IRA. These coins are the perfect choice for a Gold IRA, as their purity and legal tender status meet all requirements.

Who Holds Your Gold in a Gold IRA?

If you have a Gold IRA, you must keep the precious metal with a custodian the IRS has authorized. The custodian is responsible for safekeeping the Gold and other investments held within the account.

Any attempt on your part to acquire actual possession of the Gold will be regarded as a distribution and subject to taxation.

THE REQUIRED MINIMUM DISTRIBUTION

After turning 72, you must take the Required Minimum Distributions (RMDs) from a conventional Gold IRA to invest. The IRS may apply a 50% tax penalty on any sum not taken as required if this is not done. Roth Gold is exempt from it.

Since metals are naturally not very liquid, it is difficult for you to come up with the money for those distributions, forcing you to sell some of your Gold when it is not in your best interest. However, you can solve this issue by withdrawing the total amount of your RMDs from different conventional IRAs.

DIFFERENT COSTS ASSOCIATED WITH IRAS

Specific additional costs are associated with owning Gold in a Gold IRA. The penalties an investment will experience include the following:

The markup charged by the seller:

Although the market sets the price of Gold, there are markups based on whether you want Gold bullion, coins, proofs, and others. The markup is a one-time cost that may differ depending on the vendor.

Retirement account setup:

You must pay this one-time fee to open a new IRA account. It also varies by institution, but since not all financial services companies work with Gold IRAs, it can cost more than the typical startup fee. Depending on which institution you choose to open your account with, the one-time fee can range anywhere from $25 to $150

Custodian fees:

Once more, while you would incur these yearly expenses (as well as any related asset or transaction fees) with all IRAs, they could be more significant for this type of account, particularly if you have to go to a different financial institution than the one that holds your other accounts. Custodian fees are necessary, as someone must store and manage your Gold investments.

Storage costs:

The Gold must be kept in a licensed storage facility, which requires payment of storage costs. These costs can add up over time, so it is essential to factor in these expenses when deciding to purchase Gold.

Cash-out costs:

A third-party dealer will want to pay less than what Gold would sell for on the open market if you wanted to close out a Gold IRA by selling your Gold to them. Therefore, unless prices have increased since you purchased it, you could lose some money. Some Gold IRA companies also charge a cash-out fee when you sell your Gold.

In contrast to opening and closing regular IRAs, certain IRA companies will guarantee to repurchase the Gold from you at current wholesale values. However, you can still lose money if you do not select a suitable Gold to invest in IRA. It is because the value of Gold can be highly unpredictable and fluctuate rapidly.

ULTIMATE WORDS

Gold IRAs are typically referred to as “alternative assets,” which implies they cannot be valued without specialized knowledge and are not traded on a public market. Gold has a high potential return, but it’s easy to get carried away by its glitz. Unexpected drops in Gold prices are possible. It would be best to consider whether buying during rising Gold prices would require purchasing at or close to the market top. It might make more sense to wait for the price to drop and then buy at a lower rate.

Important

Consult a financial counselor if you’re considering opening a Gold IRA to find out how the metal might fit your portfolio’s overall objectives. Doing so will ensure that you understand the risks and rewards associated with investing in Gold and can make a more informed decision on whether to pursue a Gold IRA. Expert says that You shouldn’t invest more than one-third of your retirement savings in a Gold IRA, even if Gold looks like a wise investment. Although investing in Gold has the potential to be a lucrative endeavor, it is not without its risks.

Our #1 Recommended Gold & SIlver IRA Solution

We have reviewed and listed over 120 gold investing companies on this website over the years, both great ones as well as not so good ones. If there is a particular company you are interested in then please feel free to use the search function on this site as we have (most likely) reviewed that company. Make sure to check out our top-5 list and our buying guide, and last but not least, our absolute number 1 recommended company as well:

Learn about our #1 Recommended Gold IRA Solution!

I hope you found this short article on the best gold-backed IRA and how you should go about this subject to be helpful and that you now have a better idea. Please share your own experience on this subject in the comment section below as it can help others! Also, if you got any questions about this I would be more than happy to answer them!

I wish you success!

Michael, founder of goldretired.com

is United States Precious Metals a Scam? – No Reviews?

January 17, 2023 by Glanz Leave a Comment

It´s not uncommon for people to question the legitimacy of companies, particularly those that deal with financial investments such as precious metals, of which USPM is one. Is United States Precious Metals a scam? Let´s see in this review!

Company: US Precious Metals (USPM)

Website: uspreciousmetals.com

Owner: Nathan Camp

Who is it for: Precious metals investors, retirees

Location: 4220 Treadway Rd, Beaumont, TX 77706-7105

P.S.

See our Top-5 List of The Best Gold Investing Companies (USA edition)

What is United States Precious Metals?

US Precious Metals is a company that offers a range of precious metal products to investors. The team at US Precious Metals consists of numismatic enthusiasts and other precious metal investors, which sets them in the same category as many of its competitors. According to the company, their aim is to provide investors with an exceptional purchasing experience and top-quality precious metal products.

It believes in integrity, expertise, and convenience and strives to ensure that investors receive exactly what was described. It also has an internal quality control team that ensures investors receive the right coin at the promised grade and reasonable price. US Precious Metals also prioritizes expertise and only hires individuals who thoroughly understand the market.

US Precious Metals Account Benefit

When you order from the USPM store for the first time, they automatically create an account for you. US Precious Metals offers several benefits for having an online account, including the convenience of saving your contact and shipping information for future orders and the ability to easily change your account information, such as your username, password, address, telephone number, and delivery preferences, as needed.

They also protect your finances by not storing your credit card information and taking impactful steps to avoid data breaches. As a bonus, creating an account with USPM also allows you to subscribe to their newsletters, which keep you informed on new products and special deals as they become available. Having an account with USPM can add value to your investment journey.

US Precious Metals Products

USPM offers a wide range of precious metal products suitable for first-time investors and those with experience. This company’s diverse inventory can help you add value to your portfolio.

Gold. USPM offers a range of gold products, which can be accessed by visiting their website. These include US Mint Gold (Modern), US Mint Gold (Pre-1933), Gold From Around the World, Gold Bars & Rounds, and IRA Eligible Gold.

Silver. USPM also offers a range of silver products for your portfolio, including US Mint Silver (Modern), US Mint Silver (Pre-1964), Silver From Around the World, Silver Bars & Rounds, and IRA Eligible Silver.

Palladium. The company offers several palladium products on its website, including US Mint Palladium, Palladium Around the World, Palladium Bar & Rounds, and IRA Eligible Palladium.

They also have a convenient category feature that helps investors easily find the type of precious metal they are interested in.

Additionally, by highlighting IRA Eligible products, USPM makes it easier for investors to distinguish between high-value collectibles and precious metals that can be transferred to a gold IRA.

Platinum. Platinum products are categorized: as US Mint Platinum, Platinum From Around the World, Platinum Bar & Rounds, and IRA Eligible Platinum.

IRAs?

Even if they offer IRA approved metals to their clients, it seems like that´s it. There is no info on the US Precious Metals company website about them helping clients with any IRA services. So, we are going to have to assume that they do not provide any precious metals IRA services, right?

¨¨See our #1 Recommended Gold & Silver IRA Solution

US Precious Metals Fees

US Precious Metals display the market value of their precious metals in real-time. This allows investors to ensure they are paying for what the metals are worth.

They also provide an easy-to-view chart on their website showing current prices. However, it is unclear if any additional fees are associated with US Precious Metals. To obtain more information on fees, you will need to speak with one of their representatives.

USPM Return Exchange Policy

You can return or exchange any unused item within ten days from the purchase date by including a copy of your receipt and the product in its original packaging.

If the coin has been removed from its original holders, there will be no return privileges. US Precious Metals offers a standard return and exchange policy and is generous in this area. It also provides investors with the comfort they need to get started. This policy applies even though the company is

Is United States Precious Metals a Scam?

So, is USPM a scam? No, of course not, it is a legit business with real owners and a real physical address.

If you are a first-time investor working with United States Precious Metals, you may feel hesitant. This is because there are not many reviews available online.

Below are the ones we were able to find from the most well-known and trusted, independent third-party consumer protection agencies.

United States Precrious Metals Reviews:

BBB (Better Business Bureau)

Overall rating: A+ (from 1 review) click here for details (opens in new window)

Trustpilot

Overall rating: (3.8 / 5) (from 2 reviews) click here for details (opens in new window)

BCA (Business Consumer Alliance)

Overall rating: N/A

Trustlink

Overall rating: N/A

Yelp

Overall rating: N/A

Conclusion from these ratings:

Well, as you clearly can see above there isn´t that many reviews to be found on this company. The United States Precious Metals company is not a scam at least, as it holds an A+ BBB Rating and accreditation. It also has a 3.8 out of 5-star rating on TrustPilot, which is represented by 2 views.

Important to mention here: There are gold companies with hundreds, and some with even thousands of reviews from ALL of the “internet watchdog sites” above. You might want to have at least a look at them as well:

Top-5 List of the best rated ones (in the US) instead?

Pros and Cons of USPM

The good

USPM offers 24/7 support for its customers, making it easy for investors to get quick answers to their questions.
The company offers a wide selection of precious metal options, including gold, silver, platinum, and palladium. These products are further divided into specific categories to make it easier for investors to find the right product for their needs.
USPM also offers IRA-approved metals for investors looking to add precious metals to their IRA accounts.
The company’s team of investors is passionate about precious metals and can provide valuable insights to its customers. USPM is transparent about its product prices, displaying them in real-time on its website.
The company also has a generous return policy, allowing investors to return their purchases within ten days as long as the item is in its original packaging and the customer has a receipt.

The bad

US Precious Metals seem to be a solid company, but its lack of reviews can make it challenging for investors to determine their flaws.
They don´t seem to offer IRA services and/or be able to help with that

Are ther better alternatives?

Yes, in my opinion there absolutely is! I have listed many (if not all) of them on this website so please feel free to use the search function, if there is a particular one you are interested in.

¨¨The best companies I can recommend (for ANY budget) would be: on this top-3 list (+ buying guide)

Frequently Asked Questions (FAQ)

What products do US Precious Metal Offer?

The company offers a wide selection of precious metal options, including gold, silver, platinum, and palladium.

Does US Precious Metals have an office?

They are 100% online. This means that everything must be handled through their online platform.

Final words & Verdict

Verdict: Legit

Overall rating: (3.5 / 5)

Ok, I think that sums it up pretty good about this company. The United States Precious Metals is a legitimate company offering precious metals to its investors. However, if it is your best alternative out there is another story and we would strongly recommend that you contact and compare against other companies as well. Thje reason we only give a 3,5 rating is due to the very few reviews to be found on them from the most well-known (independent third-party) consumer protection agencies.

As always, it´s up to you how and where you invest your money!

Recommendation!

See our Top-5 List of the best gold investing companies (in the US)

I hope you found this short review on United States Precious Metals to be helpful and that you now have a better understaning on what it is and if it is a scam or legit. We think it´s legit, however, the low amount of reviews to be found on them is what lead to the low rating (in our opinion). If you have invested in precious metals through them then please share your experience in the comment section below as it can help others!

I wish you success!

Glanz, investor and team member at goldretired.com

Good Investments for Retirement – GOLD is The KING or Not?

January 3, 2023 by admin Leave a Comment

Retirement is one of the most critical times in life. It’s when you can finally kick back and enjoy some rest after a lifetime of hard work, but it also comes with financial uncertainty that you may not have considered. What are some good investments for retirement then? Or more correct, what‘s the best investment for retirement of them all? One great way to protect your finances during retirement is by investing in gold. But should you? Whether or not gold is a good investment for retirement depends mainly on your personal situation and preferences, so investigating this topic further could help ensure your financial security throughout your retirement life. In this blog post, we’ll explore whether or not investing in gold is a suitable option for retired individuals living in the USA.

Read on to learn how investing in gold could benefit—or cost—your hard-earned resources while you start the next journey into later life!

P.S.

See our Gold Buying Guide (for ANY budget)

About gold as an investment

Gold may be one of the best options for those looking for long-term returns and strong protection against inflation as a retirement plan. Gold has historically proven to be much more resilient to market turbulence than stocks and bonds, making it an ideal choice to guard against future socioeconomic downturns. Moreover, gold is easily liquidated in the event that you need cash quickly without having to pay huge transaction fees. Despite its advantages, gold can fluctuate wildly due to its extensive risk profile, so it is essential to thoroughly research why investing in bullion or coins might make sense for your particular circumstances before diving into the gold market.

Pros and cons of investing in gold

Investing in gold can be a lucrative option during retirement, as it tends to remain relatively stable even when the stock market is volatile. Gold has maintained its intrinsic value over time, making it an attractive investment option for those looking to diversify their portfolio and provide protection against inflation. Additionally, gold is a physical asset and can be liquidated quickly.

On the other hand, there are some risks associated with investing in gold. The price tends to fluctuate more than stocks and bonds, so investors should be aware of this additional risk before committing their funds. Investing heavily in gold could also lead to missed opportunities elsewhere. Therefore, investors need to weigh their options carefully before investing in gold for retirement.

Why is gold a good investment for retirement?

It is a tangible asset that has been used as a form of currency for centuries.
For centuries, gold has been a trusted form of currency, and it still remains so even today. Gold is a tangible asset with inherent value that stands the test of time, making it the perfect investment for retirement. It is an excellent hedge against economic downturns and inflation, and unlike paper money, its value does not diminish over time.

In addition to these benefits, gold also has proven to be an excellent source of portfolio diversification, as its performance is typically uncorrelated to stock market volatility. As such, gold is one of the top choices for why investors should consider including it in their retirement portfolios today.

It is a relatively safe investment.

Many people consider gold a reliable option for retirement investment due to its track record of price stability and long-term value appreciation. Gold is often looked at as an insurance policy, as it typically maintains or gains value even when other markets are struggling. This makes it a great way to diversify your investments and hedge against any economic downturns or outside factors that might affect the stock market. Gold has an established track record of reliable performance, so it can be a worthwhile addition to any investor’s portfolio – especially those seeking to create a stable retirement fund.

It is a liquid asset.

Gold is an excellent option for retirement investments due to its status as a liquid asset. This means that it is easily exchanged for cash, making It one of the more convenient options. Unlike stocks or bonds, which may take some time to sell and convert into money, gold is universal and is accepted by buyers worldwide, making it one of the faster liquid assets.

Gold is also a hedge against inflation since its price has consistently risen in recent years as economic uncertainties have increased. These factors will mature anyone’s retirement portfolio without sacrificing liquidity, making gold a good investment for retirement.

Gold is a good investment for retirement because it is portable.

Gold is a unique asset in retirement, as it is a portable form of wealth. This is especially beneficial when considering the potential mobility of retirees, whether to relocate closer to family or to fund a retirement escape. Gold is a valuable asset that can be readily available should it be needed at any point in time.

That said, gold is an asset that carries with it a certain amount of portability and convenience, making it an excellent option for retirees who are looking for long-term investments that they can easily take with them if they move. As such, gold is arguably an ideal investment option for anyone saving for their retirement.

It does not corrode or tarnish over time.

Investing in gold is historically a good decision when it comes to your retirement. Gold is well-known for being resistant to corrosion, which makes it perfect for long-term investments since its value is unlikely to decline over time.

Additionally, its finite nature ensures that the price of gold remains relatively stable in most markets which is a crucial aspect to keep in mind when investing in retirement. For example, gold is less likely to be affected if other stocks and investments go down. Overall, gold is a good investment for the future and retirement as it is a stable asset that does not corrode or tarnish over time.

It does not produce income, so you will not have to pay taxes on any gains you make

Investing in gold is a great way to plan for retirement since it is a finite resource and is not affected by economic conditions in the same way as paper investments. Gold is also attractive because it is an asset class that is not dependent on income. Any gains made from investing in gold are not subject to taxation, giving you more control over your financial future.

Gold is an international currency accepted anywhere, allowing you to easily access any profits earned from investing in gold. With its unparalleled physical security, low storage costs, and easy liquidity, gold is undoubtedly a good investment for anyone planning retirement.

It can be used as collateral for loans.

When considering is gold is a good investment for retirement, it is vital to recognize the value of being able to use it as collateral when you need to borrow money. Hard assets such as gold can be used in times of economic uncertainty, providing a store of wealth that is not subject to inflation or currency devaluation. It is also easily convertible into local currency, making it a versatile resource if needed. Gold is resistant to market fluctuation and can enable you to accumulate long-term wealth while obtaining the security of available funds. Therefore, it is clear that gold is an excellent option for those looking for reliable investments for retirement.

It has a long-term track record of appreciation.

For many people, gold is an attractive financial asset for retirement. Gold has a long-standing of increasing in value over time, giving investors a reliable and secure way to store their wealth for the future. Beyond simply a hedge against inflation, why is gold such a significant investment option during retirement? For one thing, gold acts as a strong diversifier in that it tends to move in the opposite direction of stocks and other risk-on investments providing portfolio protection when markets are volatile. Additionally, the low correlation makes it ideal to offset losses in other risky assets.

Furthermore, gold holds its value during times of uncertainty, so it can preserve an investor’s wealth when economic conditions take a downturn. Hopefully, this information encourages you to consider why gold is a great choice when investing in retirement.

There is a limited supply of gold in the world.

Gold can be a great option when it comes to retirement investments. Unlike stocks and bonds, gold will hardly depreciate in value as it has a limited supply. This means that even if the stock market were to crash, gold would remain relatively stable and secure for your retirement savings. On top of being an excellent store of value, it rarely fluctuates more than two or three per cent in any given year. So why is gold a practical choice for retirement investments? Not only does its price remain relatively secure, but it also offers investors a hedge against inflation. That’s why gold is considered by many to be one of the best choices for retirement spending!

It can be stored in various ways, including in physical and paper forms.

Gold is a great retirement investment option due to its unique properties as a commodity, allowing it to retain its value over time. It has proven itself to be both an excellent store of wealth and a way to hedge against volatile markets and inflation. This makes gold a great option for those looking to build up their retirement savings, as it will always remain valuable when investment portfolios fail. Gold can be stored in physical forms, such as coins or bars, so it can easily be accessed in case of an emergency. Additionally, gold investments don’t require much maintenance and are liquid enough to provide quick returns when needed. Therefore, why not consider investing in gold for your retirement portfolio? With the right strategy, you could reap fantastic benefits for years.

Why is gold a bad investment for retirement?

It is not a productive asset and does not generate income.

Investing in gold for retirement may sound attractive, with its reputation as a stable and secure asset; however, it has some drawbacks. Gold is not a productive asset and, therefore, cannot generate income. This means it relies on its value increasing over time to gain returns – an unpredictable process.

There is also the chance to incur storage costs if you buy physical gold, such as jewelry or coins. The cost of insurance and handling can also eat away at your profits for the future. Instead of investing in gold for retirement, why not investigate other types of investments that generate income, like stocks and bonds? You can compare different investment plans and options to find the best fit for you – one that allows you to retire comfortably, knowing your savings are working hard for you!

It is subject to market fluctuations?

As much of an alluring investment as gold may seem, it is essential to understand why it might not be the best option when investing for your retirement. Gold prices can be highly volatile and often fluctuate with no foreseeable patterns. When you are looking to retire, there is a greater need for stability and a more surefire way of building up capital. Therefore, gold may not offer the security and assurance that other investments could lead you to believe. It is wise to consider why gold makes a bad retirement investment before making significant decisions with your hard-earned money.

What about silver

With gold prices hitting new highs and silver seeing an overall steady increase, is investing in precious metals such as gold or silver a good decision for retirement? While gold is an excellent hedge against inflation and is easier to find buyers for, silver is often overlooked. But is it a good investment for one’s retirement too?

To determine whether or not silver is a good investment for retirement, one must consider looking at the stability of its prices and liquidity of the commodity to ensure it is a sound financial choice. Silver is typically more volatile than gold, with more incredible spikes and dips in price over time.

While this has appeal in the short term, investors planning for retirement should observe volatility carefully when deciding if they want to invest. Also, while finding buyers is much simpler with gold due to its more liquid market, it may be challenging to find odd-lot buyers in unpredictable markets with extensive holdings of silver. Researching these factors thoroughly is essential before investing in silver as part of a retirement strategy.

Conclusion

Investing in gold is an excellent way to add stability and hedge your portfolio against inflation during retirement. Gold has always been a powerful financial tool as its price steadily appreciates, meaning your savings can increase over time. Gold is also liquid, which means it can be sold quickly if needed. Another strong benefit of investing in gold is that it always retains some of its value, even during economic downturns and market crashes. With all these advantages, why wouldn’t you invest in gold for retirement? It just makes sense to diversify your investments with the timeless classic of precious metals: gold.

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I hope you found this short article on good investments for retirement to be helpful and that you now have a better understanding on if gold is something for your retirement portfolio or not. Please share your own thoughts and experience on this topic in the comment section below! what’s the best investment for retirement in your opinion?

I wish you success!

Michael, founder of Goldretired.com