Are you looking to invest in gold, silver, or other precious metals? In this post we look at ALL Legacy Precious Metals reviews to be found online. We’ve thoroughly researched and analyzed Legacy Precious Metals, a company specializing in selling gold & silver products. 

Company: Legacy Precious Metals

Website: legacyinvestments.com

CEO: Charles Thorngren. 

Minimum investment: Not mentioned on their website

Overall rating: (3 / 5) (below average)

Warning!

Please do your own research before you decide what firm to invest with. 

You can do this by checking the reviews and ratings independent 3rd-party consumer protection agencies give them.

To discover which investment firm consumers rate the highest… who won’t bother you with pushy sales calls… and who you can trust to protect and grow your wealth… then take a look at the #1 Recommended Gold & Silver IRA Dealer on our top-5 list.

See our Top-5 Gold Investment Companies 2022

With that being said, let´s continue with the review on Legacy Precious Metals!

What is Legacy Precious Metals?

Legacy Precious Metals is simply a gold & silver bullion dealer specializing in using precious metals to diversify and hedge retirement portfolios.

On their website it looks like they have earned positive feedback across several news sites and websites, including Forbes and Fox News, that have featured the company as one of the leading competitors in the precious metals industry.

Legacy Precious Metal Product

This company deals mainly with precious metals. They also offer a range of IRA-approved products, including:

The gold coins:

• American Gold Eagle coins
• Canadian Gold Maple Leaf coins
• Australian Gold Kangaroo coins
• Australian Gold Philharmonic coins
• American Gold Eagle Proof coins
• American Buffalo coins

The silver coins:

• The American Silver Eagle
• The Canadian Silver Maple Leaf
• Australian Silver Kangaroo
• Australian Silver Philharmonic
• The Highland Mint Silver Round 
• The Australian Silver Coin

Legacy Precious Metals does not offer platinum and palladium.

Legacy Precious Metals Gold IRAs?

Yes, Legacy Precious Metals offers IRA services to their clients, and that is a good thing, of course. However, there was very little info to be found on their website regarding their fee schedule for example, something that is very very important to know before signing any papers. Also, there was no information at all about what custodian they co-operate with in order to provide their clients with gold & silver in an IRA.

Important to mention here: Please make sure that you ALWAYS know exactly what fees you are going to have to pay for. There are so many horror stories online of people who have been “surprised” with so-called hidden fees, that the client had no idea about before hand. Not a very pleasant surprise to say the least as some of them are pure ripoffs. What you want from a company is 100% transparency.

¨¨See my #1 Recommended Gold IRA Solution instead! (100% transparent gold company)

Investment Procedures

Legacy Precious Metals requires account creation to access their investment procedures, which may not be as transparent as other companies. Personally I would like as much info as possible of a company, especially on their fees, custodians, etc without having to contact them first.

The company claims that it prioritizes educating its clients and investors and provides contact information on its website and social media platforms. 

They also offer a free kit guide, which can be accessed by filling out a form. It is common for companies to require this type of information before providing this kind of free resources and you will find that most gold IRA dealers got their own unique kit.

Legacy Precious Metals Review & Ratings?

As always in our reviews we mainly look at what the most well-known and trusted, independent third-party consumer protection agencies have to say. We do that as it is one of the best, if not the best way to decide the quality of a company or service.

The Legacy Precious Metals reviews we managed to find from the most trusted online watchdog sites were few, to say the least. In short, they have few to no ratings at all. Sure the company has ratings from Trustlink with a 2.5 out of 5-star rating based on only three reviews but that´s pretty much it. What´s going on?

BBB (Better Business Bureau)

Overall rating: N/A

BCA (Business Consumer Alliance)

Overall rating N/A

Trustpilot

Overall rating: N/A

Trustlink

Overall rating: (2.7 / 5) (from 3 reviews) click here for details (opens in new window)

Are there better alternatives out there?

Yes, I would say that there are many alternatives that looks better, especially as there are similar companies out there that got hundreds of positive reviews from all of the well-known protection agencies above, some even got thousands of positive reviews!

==> See Top-5 list of the best rated gold investment companies

Pros & Cons

The good

• The company claims they don´t use high-pressure sales tactics
• It also offers buyback programs and fast shipping.
• They have safe and economical shipping of any metals you invest in.

The bad

There are several drawbacks to the company in quest:

• There are only a few reviews available, some of which are negative.
• Additionally, essential information is only accessible after creating an account or making a phone call. 
• Finally, the pricing and procedures for investing are not indicated.

Frequently Asked Questions(FAQ)

What is Gold IRA Investing?

An individual retirement account (IRA) that holds physical gold is called a gold IRA. This type of investing service allows you to own physical gold, such as bullion coins or bars, in a secure depository.

A gold IRA operates similarly, but it offers the added benefit of owning physical assets. You can roll your 401(k) retirement account into a gold IRA, which can be done in a few days with the help of a team of professionals. A gold IRA offers the same tax advantages as a traditional IRA.

Why Gold IRA Investment?

Tax Advantages

Investing in a gold IRA can offer various tax benefits that can help secure your financial future. By speaking with an advisor, you can learn more about the potential tax advantages of investing in gold. These tax breaks can make gold IRA investments a valuable and worthwhile consideration.

Stable Investment 

Gold is a stable commodity that will never lose its value due to its dependability on return on investment. With the world’s economy facing challenges such as lockdowns, shortages, wars, and inflation, investing in physical gold through an IRA can provide a dependable asset that retains its value and may even increase in value over time. 

Control of your money

Investing in gold bullion allows you to have unique control over your money that you would not otherwise have. Due to the financial instability in the markets, investing in gold provides you with a commodity that will always maintain its value.

It is also important to allocate a significant portion of your long-term IRA to solid, reliable assets, such as gold, to ensure a secure and worry-free retirement. 

What is a Silver IRA Investment?

An individual retirement account (IRA) that holds physical silver is called a silver IRA. In a silver IRA, physical silver coins or bars are securely stored in a depository for you. This investing operates like a regular IRA, but instead of investing in paper currency, it involves investing in physical bullion silver.

The silver IRA investment has some benefits that come with it.

• It has massive potential for growth. Because of its stability, the need for silver will never subside.
• It’s a profitable investment. This is because it is used in technology manufacturing. The reliance on silver leads to its high demand hence high value translating to profits.
• Tax benefits. You can take advantage of this tax benefit by only investing in silver in Legacy precious metals.

Final words & Verdict

Verdict: Legit

Overall rating: (3 / 5) (below average)

Ok, I think this sums up the overall view of this precious metals dealer pretty good. I would call it a legit company, however, if it´s your best alternative out there is a whole other story… Their low score in a few reviews and lack of information about business protocols and procedures on their website or platform contrasts with their reputation. A precious metals firm should (in my book) provide customers with information through its website or forum.

What do we recommend?

Me and the rest of the team here at Goldretired ALWAYS recommend that you compare different options before you move forward. Personally, I would start with the best rated ones and contact each of them to see where you would get the best deal. We have listed ALL the best gold & silver dealers on this website, so you will find them all here. The absolute best one I can recommend is Augusta Precious Metals, they got some unique things they offer to their clients, and also to potential clients. So make sure that you won´t skip over them when you do your research!

Learn more about my #1 Recommendation here!

I hope you found this short informational post about the reviews we found on Legacy Precious Metals to be helpful and that you now have a better overall view on the company and a better understanding if it might be something cfor you, or not… If you have used ay of their service then please share your experience in the comment section below as it can help others to make better decisions!

I wish you success!

Glanz, investor and team member of Goldretired.com

Photo credit: from the Legacy Precious Metals website

When it comes to investing your hard-earned money, there is no easy answer, and gold can be one of the more complex investments. However, Why is gold a bad investment sometimes when it can be a good one other times? For some people, gold may not be the best investment choice unless they understand its risks and rewards.

Gold Individual Retirement Accounts (Gold IRA) or other vehicles such as funds and exchange-traded funds that invest in gold are popular options for many investors.

Still, it’s important to note that gold is not meant to be used as an all-or-nothing retirement plan. Its value can fluctuate substantially over short periods, so it’s important to take a long view approach when considering this particular asset class.

Furthermore, given its tax structure, holding physical gold may not always be optimal compared to alternatives that provide more immediate liquidity, such as stocks or bonds. Understanding the nuances behind gold investments before entering into them can help potential investors decide if they should incorporate this unique asset class into their portfolio.

History of gold and gold investment

Gold’s purpose as a commodity and investment instrument has been part of the global financial system for millennia. Initially used to store wealth, gold has since become the bedrock of the international monetary system. But it’s important to understand when investing in gold might not be a good option and for whom.

For example, those with short-term investment goals may find investing in stocks or bonds more suitable as gold often provides very low yields on investments — depending on market conditions, gold typically increases in value over long periods rather than in short bursts. Additionally, large purchase amounts can be subject to taxes, so it’s important to bear this in mind when considering whether it is appropriate for you. At the end of the day, it takes to research and due diligence to determine the right investments for each investor’s needs.

Reasons why gold might not be a good investment

When it comes to gold investments, potential buyers should consider a few factors before getting started. First, the returns from physical gold investments can often be minimal and rarely accumulate to a large sum over time. Additionally, storing gold is cumbersome, requiring specialized safety devices and storage locations that may not be easily accessible to many investors.

While some may consider the “heroic” diversification of owning a powerful asset like gold enticing, purchasers should also note that it is far from a passive source of income – instead, requiring an ongoing effort to generate financial return through activities like bartering or reselling at auctions. Ultimately, anyone considering investing in gold should carefully consider the unique challenges associated with owning physical amounts of the commodity.

1. Gold is a volatile investment.

The price of gold is notoriously volatile, meaning that it can fluctuate significantly in a short period. This can make it a risky investment, as you could potentially lose a lot of money if the price of gold suddenly drops.

2. Gold is not a productive asset.

Unlike stocks or bonds, gold does not generate any income. This means that you will not be able to earn any money from your investment in gold, and it will only be worth whatever the current market price is.

3. Gold is challenging to sell.

If you need to sell your gold quickly, you may have difficulty finding a buyer who is willing to pay the current market price. This is because there is no central exchange for gold, so buyers and sellers must negotiate a price between themselves.

4. You may have to pay taxes on your profits.

If you make a profit from selling your gold, you may be subject to capital gains tax. This tax is levied on the profit you make from selling an asset, which can significantly affect your profits.

5. There are storage costs associated with gold.

If you choose to invest in physical gold, you will need to store it somewhere safe. This can either be at home or in a secure storage facility, both of which come with costs that must be considered when making your investment.

6. You could get scammed.

Unfortunately, there are many scams associated with gold investing, so you must be very careful when investing in this precious metal. Make sure that you do your research and only deal with reputable dealers to avoid being scammed out of your hard-earned money.

Gold can often seem like a safe, reliable option when it comes to investing. This is because physical gold offers tangible assets which may protect against an economic recession. However, weighing up whether gold is the right investment for you before diving in is important. For instance, returns from physical gold tend not to be as great as other investments, and storing them securely and safely is difficult. On top of this, the price of physical gold fluctuates greatly over time, meaning it cannot act as a steady source of income such as stocks or bonds. So, ultimately, when deciding on your investment strategy, gold should be considered carefully, if at all.

The case of Gold IRAs

Investing in gold can be a great way to diversify your assets and protect against inflation, but it isn’t always the right decision. Gold IRAs, while potentially lucrative, are expensive to acquire and maintain. Furthermore, the fluctuating values of gold can lead to an unpredictable return on investment over time. Additionally, most investments in gold are made passively in the hope of appreciation over extended periods – you must be willing to commit capital for unclear returns for a long period of time with no guarantees.

Combining these factors makes gold a risky endeavor – not only do you have to pay for maintenance and storage, but you also lack control over when or if your returns will come. In order to decide if gold is the right choice for you, consider alternatives such as stocks and bonds – both of which provide more immediate liquidity and returns than their precious metal counterpart.

Who is a gold investment not for

Investing in gold can be a risky endeavor. Gold is subject to market fluctuations, meaning its value can change drastically in a short time. It also doesn’t generate an income for investors, so achieving a return on your investment requires the sale of the gold, which means the price must increase for you to make money.

Furthermore, taking out a Gold IRA requires custodians and advisors with specialized knowledge about the precious metal, who inevitably add costs and complicate the process. For all these reasons, investing in gold is unsuitable for those with sufficient funds to sustain losses from dropping prices or who may want to avoid dealing with high transaction and maintenance fees associated with Gold IRAs and other investments in gold.

The safest alternative?

When it comes to investments, gold is often seen as a safe option for retirement investing. However, while there are many advantages associated with investing in gold, such as having tangible assets that can be passed on from generation to generation, there are some risks that you should consider before making any decisions. For example, gold IRAs and other gold investments generally require high upfront costs. They have unpredictable value fluctuations over time, so they may not be the best choice for those with financial constraints or who are looking for a stable rate of return.

Additionally, gold can only store value with respect to what users are willing to pay for it; the underlying asset itself doesn’t generate income or gain yield over time. Therefore, gold investments are best suited for investors nearing retirement who understand the risks and have researched to find the right investment products and strategies for their financial goals. If this is you, then a gold IRA investment may be the best option for you; see our top list of best gold investment companies here.

Some benefits of investing in gold

Investing in gold has been an attractive choice for many people over the years, given its perceived stability. However, some risks are associated with investing in gold, such as price fluctuations and fee structures that may vary depending on the market. For instance, gold IRA accounts have higher costs associated with setup and maintenance that other types of investments do not typically have. Additionally, gold stocks and bond prices may be affected by changes to the interest rate since these changes can either dampen or stimulate consumer demand for gold. Finally, it is also important to note that rewards from investing in gold may take time; it takes considerable research and investigation to find out which type of investment best suits your interests and goals.

Despite these drawbacks, there are still several benefits associated with investing in gold:

• it can potentially provide a consistent return over time if markets remain stable or decline,
• provides portfolio diversification for long-term investors
• is readily transferable between different countries,
• does not require storage or insurance costs like the physical holding of bars or coins does,
• And acts as a hedge against currency fluctuation risk.

Ultimately, while investing in gold can come with certain risks and expenses, it also retains many potential benefits – thus, understanding the specifics of each type of investment is essential before deciding to invest.

Tips for investing in gold

Whether through a Gold IRA or otherwise, investing in gold can be risky. The price of gold is largely dependent on the market and global events– meaning it is highly volatile and subject to sudden significant fluctuations. Furthermore, associated storage fees and liquidity concerns exist for those looking to invest in physical gold. Also, the potential for fraud or simply bad investments should be considered when investing in gold. However, gold does have an advantage over traditional stocks or bonds in that it holds its value better during times of great economic turmoil– making it possible to ride out a weak economy. That said, if you do choose to invest in gold, you should take steps to protect yourself as much as possible.

• Do research on sellers, study the current market closely, and retrieve independent financial advice when considering any Gold IRA investment.
• Decide on a type of gold to invest in (such as coins or bullion bars) and research reputable bullion sellers.
• Additionally, investors should consider setting up a Gold IRA, as this allows them to add physical gold to their retirement portfolios.
• Ultimately, thorough research and establishing clear goals when investing in gold is the key ingredient to success!

Taking these steps will help you make an informed decision about your investments.

Gold can be an excellent and reliable way to diversify your retirement portfolio and plan for a secure future. Gold has been valued as a precious commodity for centuries, meaning its value may remain relatively stable over time even when other economic forces are fluctuating.

Conclusion

Gold IRAs have become an increasingly popular form of investment over the years, but it’s worth considering the disadvantages of holding physical gold assets in your retirement portfolio. While there are some potential benefits to investing in gold, like a hedge against market swings and protection from currency devaluation, gold also has its downsides. Such items involve costs associated with storage and insurance, difficulty in liquidation due to a lack of buyers or minimal resale value, and price volatility, making it difficult to know when to sell. So ultimately, while gold can add diversification to your retirement savings plan, it should only be done with a clear understanding of the risks involved.

What we recommend?

To sum up, investing in gold and Gold IRAs can be a great opportunity to diversify your investment portfolio and provide financial protection against market volatility. With the right due diligence and research, these investments can yield long-term returns with minimal risk. Start small by selecting an amount of money you are comfortable investing in gold, and then increase your exposure if you feel confident in the investment choice. Be sure to consult a trusted financial advisor who is well-versed in investing gold and Gold IRAs to ensure you are executing the best plan for your needs. Finally, always review the fees associated with each transaction and remember that every individual’s situation is unique – only invest what fits your risk tolerance level.

==> Learn about our #1 Recommended Gold IRA Solution

I hope you found this article on why gold might be a bad investment sometimes and when it is actually a good investment. Please share your own thoughts and experiences in the comment section below as it can help others make better investment decisions!

I wish you success!

Michael, found or Goldretired.com

Do you want to hedge against inflation, stock market fluctuations, and a shaky financial system with a company you can trust in?

Do you want to invest with a precious metals company with the least investment entry requirements?

Do you want to have a free monthly plan to gradually build your portfolio with as little as $100 a month?

If so, then the American Hartford Gold company could be a great choice for you. 

In this in-depth review, you’ll discover:

• Is American Hartford Gold legit?
• Are the services they offer what you’re looking for? 
• What makes them unique compared to other firms. 
• Why American Hartford Gold makes selling your investment so easy. 
• What precious metal products they offer.
• Their pros and cons. 
• The costs and fees of investing with American Hartford Gold.
• How to Sign Up for a precious metals IRA with American Hartford Gold.
• The most common FAQs about American Hartford Gold. 

Company details

Company: American Hartford Gold

Website: www.americanhartfordgold.com

Owner: Sanford Mann (CEO)

Who is it for: Investors & retirees

Minimum investment: There is no minimum!

Overall rating: (4.7 / 5)

Headquarters: Los Angeles

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