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
CEO: Charles Thorngren.
Minimum investment: Not mentioned on their website
Overall rating: (3 / 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 (works with ALL major custodians).
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)
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
Overall rating: N/A
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!
Pros & Cons
- 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.
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?
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.
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
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!
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