In this article, we will review Safeguard Metals. Is Safeguard Metals a scam or legit? It has long been common practice to store financial assets in gold and silver to protect them from market instability. How well does this particular company match up against the top alternatives in the industry?
Company: Safeguard Metals
Founder: Jeffrey Santulan
Price: No fees on display on their website?
Who is it for? Precious metal investors, retirees
Overall rating: (2.5 / 5) (below average)
There are many scammers who will trick you into giving them your hard-earned cash.
They employ high-pressure sales techniques like calling you every day.
To avoid this, 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.
With that being said, let´s continue with the review on Safeguard Metals!
What is Safeguard Metals?
Safeguard Metals is a gold investment company with many years of experience in wealth and asset protection. They are there to ensure that their clients get all the help they need whenever they need a simple way to convert their current 401k/IRA to a Self-Directed IRA that can hold physical gold and silver. They are simply a wealth preservation protection company that deals exclusively in bullion, either shipping gold or silver directly to your doorstep or within an IRA account.
Investments in retirement funds are protected while also allowing them to make greater investments in their later years. Precious metals can also be purchased directly by customers who are collectors, investors, or other financial experts. To ensure the highest quality, they work with mints and distributors directly, inspecting all new stock thoroughly.
They offer the greatest possible standard of service. As a result, they only hire people who have a genuine desire to serve others and have proven competence in precious metals. As a team, Safeguard Metals’ professionals provide comprehensive education and help investors take advantage of their retirement account’s capacity to store precious metals in strict compliance with IRC Section 408(m)(3), with the greatest degree of integrity, transparency, and customer service in mind.
The precious metals can be purchased straight from them and delivered to your house or office. It’s easy to purchase gold to keep in your home with the company’s large assortment of precious metal products.
Direct purchase or IRA?
A partner who knows about the utilization of gold and silver as a form of asset protection is absolutely necessary. They’ll give you the insight you need to make smarter financial choices and protect the value of your assets from the effects of political and economic uncertainty.
They also provide an Individual Retirement Account (IRA) in gold, which is a wonderful retirement investment that allows you to make use of the power of gold to both build and safeguard your money. When it comes to protecting the value of your assets over the course of a long period, investing in gold is frequently the strategy that proves to be the most effective.
They also advise and guide you through the process of transferring your assets into a gold IRA without incurring any fines or costs. They are a trustworthy gold investment firm to work with because of their years of experience. Whether for retirement or otherwise, your gold investments will benefit greatly from the knowledge you gain from this resource.
Address: Warner Center 21550 Oxnard St. 3rd Floor Woodland Hills, Ca. 91367, California, United States of America.
What products do they offer?
Different physical precious metal goods are available for purchase directly from the company or investing in an Individual Retirement Account (IRA). These include IRA-approved gold as well as IRA-approved silver, and also other precious metals. Gold and silver can be found in various forms, including bars, bullion, and even currency.
Investing in or purchasing precious metals is easy because there are so many options available. Your reliance on them can be placed on the fact that they have devoted themselves to ensuring that you do not lose your wealth or assets in the event of an economic downturn.
Whenever you decide to invest in gold, this company will be there to advise you through the investing process and ensure that your valuables are receiving the best possible protection. As a prominent provider of wealth and assets protection services, you can rely on them to safeguard all of your investments.
You will feel protected and secure, knowing that you will not lose all of your hard-earned riches in a single night if you store your money in the proper location. Even if the current economic and political environment seems unachievable, you will still be able to obtain the value of your assets many years from now.
How to get started?
Customer service at Safeguard Metals makes starting up with the company a breeze. To get started, visit their website and browse through the various things they have to offer.
If you visit the website, you’ll be able to download a free booklet that explains more about precious metals investing and what to keep in mind before making a purchase. In order to open a self-directed IRA account, investors may find this instruction helpful.
This will also give some context to the company’s history, and what it has been doing for the many years it has been in business. Being educated all the way through the process is essential for protecting your money. Making good financial decisions and getting the best return on your assets are both (more likely) assured when you have this knowledge at your disposal.
They want to get in touch
Investing in gold with this company will be easier once you’ve thoroughly read the guide. As a follow-up step, you should use their contact page or the built-in, on-screen conversation feature on the contact page of their website to get in touch.
In order to start an IRA account for gold, a customer care representative will reach out to you and give you the necessary instructions. They can also assist you in purchasing actual gold and arranging for its delivery if that is what you prefer.
Additionally, they will give you the papers you need to fill out to register an account with the firm or make a purchase from them. If you have all of the information that you need ready, this process will only take a few hours or even minutes, and once you have filled out the paperwork, they will handle the rest of it and make it possible for you to make the investments that you need to make.
Safeguard Metals Gold & Silver IRA?
Safeguard Metals provides precious metals IRA services to their customers. That’s a good thing because a gold IRA has a lot of advantages, like tax advantages and the ability to protect investors from inflation and financial crises.
What IRA custodians do they work with?
Despite my best efforts, I couldn’t discover any information on their website concerning which IRA custodians (or custodians) they’ve associated with, which is a negative. That information can only be obtained by directly contacting Safeguard and asking.
What are the fees?
Unfortunately, the company’s website does not provide information about fees and prices. You have to ask for it when you start a gold-IRA account to get this. Another drawback is that all fees should be made readily visible on the company’s website. This would promote openness and accountability.
Important to mention here:
Before you sign anything, be sure you know exactly what fees you’ll be responsible for. Online, we’ve seen many examples of pensioners being ripped off by so-called “hidden fees”—not a nice discovery for those who hadn’t anticipated them. Before signing anything, make sure you know exactly what fees are involved. You want a corporation to be completely open and honest with you.
**See my Top-5 List of 100% transparent gold & silver IRA solutions on this page
Can you sell back your precious metals?
No. The precious metals you acquire from them have no buyback policy.
**Note: Want to learn about a company that got a highest price buy-back guarantee, then read here
How good is their support?
When evaluating a company’s customer service, I pay close attention to whether or not they offer live chat on their website. As mentioned on their website, Safeguard does not offer this facility, and you may only get in touch with them via social media platforms, phone, or email. It has no online product inventory; instead, visitors are directed to a contact form. A live-chat option would have greatly improved their service and provided excellent quality as a customer service tool.
Is Safeguard Metals a Scam?
Then, does Safeguard Metals appear to be a fraudulent company? Well, if it is a gold IRA scam or not I cannot decide, however, it might not be your best alternative out there, so to speak… At least it doesn´t look like it.
In spite of the company’s legitimate ownership and physical address, investors claim it misled them into purchasing precious metals by making false or misleading claims about the safety of their standard retirement account assets.
Silver Law Group is investigating on behalf of investors who have suffered losses in Safeguard Metals’ precious metals IRAs or other accounts. Safeguard Metals LLC and Jeffrey Santulan were both sued by the SEC for breaches resulting from the fraudulent precious metals scam and exorbitantly priced silver coins and for providing unlawful investment advice. You can read more abou that here.
Safeguard Metals reviews, complaints & ratings:
BBB (Better Business Bureau)
Rating: NOT accredited business (click here for details)
Rating: [4.4] (from 98 reviews) click here for details (opens in new window)
BCA (Business Consumer Alliance)
Some additional red flags?
Even though a company’s overall rating appears to be pretty good, it is still possible to locate complaints. It’s important to remember that no organization, no matter how long they’ve been in business, can please everyone all the time. There are several exceptions to this rule, such as when there are many complaints, and they are serious.
Are there better alternatives out there?
Yes, that’s what I believe! You need to be aware that gold firms have hundreds of favorable evaluations on Trustpilot and all of the following consumer protection authorities. As a result, there are a lot more impressively rated choices out there. We have listed all top-companies on this site, and I am sure that any of them will suit your needs the best. For example, if you are a high-networth investor planning to invest $50,000+ into an IRA, then Augusta Precious Metals might be the perfect fit for you, as their minimum starts at $50k.
If you plan to invest the minimum in your IRA 20,000+ then Goldco Precious Metals might be a better choice instead, if you want to invest outside of an IRA, through a direct purchase, their minimum start as low as $3,500. Most importantl, both companies above got basically flawless track record and are 100% transparent and professional at everything they do.
Safeguard PROs & CONs
- Quality gold and silver products
- Pretty good ratings from Trustpilot
- They do not display partnered IRA custodians or the fees
- There are some complaints to be found
- Here are lawsuits filed by the investors
- They don’t have a live chat on their website
- They overprice their gold and silver
- Their customer service is wanting
Do you own or represent this company?
Are you the owner or a representative of Safeguard Metals? Is there anything you’d like to add or clarify about the information we’ve provided above? We can gladly update your company’s details and guarantee that potential gold investors positively view your business. If you need to get in touch with us, the quickest approach is to leave a remark here in the comment section below, or send us an email. at: email@example.com
Final words & Verdict
Verdict: Not recommended!
Overall rating: (2.5 / 5)
Summary: Okay, I think that’s a good summary of what I think about this business. As a legitimate financial organization specializing in wealth and asset protection, Safeguard Metals offers gold and silver Individual Retirement Accounts.
However, there are a few things I’d like to know, namely the price schedule and the names of the IRA custodians they use. Their website does not have information regarding these two subjects. Their agents provide subpar customer service and appear to dismiss investors’ questions.
Additionally, the complaints I uncovered while examining their rating score from consumer protection agencies lowered my total rating.
My current rating stands at a low 2.5 out of 5 stars, but this could change as we aim to update our evaluations on this site whenever new information comes to light about the firms featured here.
As always, the decision is up to you to make, please just make sure to ALWAYS do your due diligence and compare different alternatives before you make any investment decision!
Ok, now what?
You are a smart person, I know that because you clearly understand the importance of doing your own research on a company. You wouldn´t have read this far otherwise, right?
So I am absolutely sure that you will find the right company for your particular needs, and that you feel comfortable doing business with!
We have listed over 160+ companies on this website, so if you are interested in a particular one you can use the search bar. Most likely, you will find that we have reviewed the company you are searching for.
I hope you found this short review on Safeguard Metals to be helpful and that you now have a better picture on what it is and if it is a scam or not. Personally, I would rather look at other alternatives, however, if you have used any of their services then please share your experience in the comment section below as it can help others! Also, if you got any questions I would be more than happy to answer them below!
I wish you the best!
Glanz, investor and team member at Gold Retired