Today we will look at an investment company named American Bullion. What is American Bullion about? There are endless scam investment sites online. Trust me. we have done reviews on half of them. Let´s look a little closer at how this particular one matches up. Ok, let´s start!
Company: American Bullion Inc.
Price: Depends on your investment, minimum starts at $10,000
Who is it for? Precious Metals Investors, Retirees
Overall rating: (4.5 / 5)
Essential to mention (before we go into more details of this review)
We strongly recommend doing your research online before choosing a company to invest with. There are so many reviews online of clients being ripped off and scammed. So please investigate thoroughly and compare different alternatives before you make your decision.
One example: 99.9% of companies got “pushy” salespeople trying to stress you into acting fast.
Here is the thing, the #1 Recommended Gold & Silver IRA Dealer on our top-5 list got No-salesy representatives… So they won´t bother or terrorize you with phone calls.
You are an intelligent person, so I am sure that you understand the benefits of dealing with such a company instead, right?
+They got a couple more benefits you might appreciate as much as I do. You will understand yourself once you have visited the page (link) above.
==> See our Top-5 List of Precious Metals IRA Companies on this page <==
With that being said, let´s continue with the review on Scottsdale Bullion & Coin!
What is American Bullion about?
Plain and simple, American Bullion is a company that allows you to invest in gold, silver platinum, and palladium. You can choose your physical form on your investment in the form of different bars, coins, bullion, etc. It is trendy, and plenty of happy clients love the company’s service for them.
Also, the simplicity of the process seems to be another huge factor why it has gained such considerable popularity lately.
How Does it work?
This company is a little different from other similar ones. On other sites, you can order your gold from the site directly, but with this one, you have to call and talk to a representative for the company to buy.
What Metals can you Invest in?
Gold (different bars and coins to choose from) – Investing in gold is a no-brainer for investors looking for something stable and safe, and the metal itself doesn´t need any presentation.
Silver (different bars and coins to choose from) – Silver has the same benefits as gold and has been a store of value for over 4,000 years. This isn´t going to change.
Platinum (different bars and coins to choose from) – Platinum is something many investors forget about. The metal is even rarer than gold and silver and has widespread industrial applications. If you already own gold and/or silver, adding platinum can be considered.
Palladium (different bars and coins to choose from) – Palladium is just like platinum, something that many investors often forget about. If you already own gold and silver, you might want to consider adding palladium to your arsenal.
American Bullion Gold IRA?
As you can find both IRA approved gold and IRA approved silver on their website, it is no surprise that they can help you set up a Gold IRA. So, yes, American Bullion offer Precious Metals IRA services to their clients. On their website there is no info on what IRA custodian they are partnered with, and who they will connect you with though.
Important: Always make sure that you know exactly what fees will be accosiated with opening up a gold IRA with ANY company, as the last thing you want to be surprised with is so-called hidden fees. You might be surprised to know how many rip offs take place in this industry, and especially when it comes to hidden fees. So please keep that in mind.
Can you get your precious metals delivered in physical form to your home?
Yes, you can! It is also completely safe to get them delivered because if your gold or silver doesn´t arrive at your door, you will get a refund from the company. Once you have obtained the metals, the responsibility is yours.
You can also store the gold or silver in any bank of your choice if you feel safer that way instead of putting your precious metals in a safe in your home.
**You can not store IRA gold at home as it simply isn´t allowed to do so.
Can you sell back to the Company later on if you want to?
No, this is a place to buy or (more correct) invest. It is not a place to trade gold.
This is a minus, at least in my book.
My #1 recommended company on our top-5 list for example got a “highes price buy back guarantee” on the metals you purchase from them.
When Can You Withdraw Your Invested Money?
You can withdraw your invested money at any time. However, the recommended investment period is 2-10 years and more for gold, so this might not be for you if you are looking to make a big “earning” fast.
Is American Bullion a Scam?
So, is American Bullion a scam? No, it is not a scam, it is a legit and trustworthy investment company. They got real owners and a real physical address. They would not have survived this long (since 2009) if they didn´t conduct legit business, right? You can withdraw your money anytime you want, and everything is transparent on their site.
However, if they are your best alternative out there is a whole other story, and that leads us to what the most well-known and trusted independent third party consumer protection agencies have to say about them:
American Bullion Reviews, Ratings & Complaints
BBB (Better Business Bureau)
Rating: (4.4 / 5) (from 194 reviews) click here for details (opens in new window)
BCA (Business Consumer Alliance)
Rating: (5 / 5) (from 57 reviews) click here for details (opens in new window)
Rating: (3.5 / 5) (from 17 reviews) click here for details (opens in new window)
The conclusion from these ratings above:
The consumer protection agency that I normally put the most weight on when it comes to ratings is Trustpilot, the reason is that it is a place where only real customers of a particular product or service can leave their testemonials. As you can see above American Bullion have a very good overall score there, however, you need to know that there are companies that got better, and with way more reviews as well.
It was a bit surprising to see that there was nothing to be found on the BBB website, normally companies in this industry are listed there so that was a bit weird. It could be a red flag, but it doesn´t have to be, there might be a natural explanation for it.
All in all, I thin American Bullion have a very good rating score and there isn´t that many complaints to be made on their service, however, they do not make it all the way to our top-5 list, even if they come pretty close.
Why Should You/Not Invest?
This is NOT for someone that doesn´t have money to invest. This is, of course, for people that got some money and looking to place that money somewhere safe. Banks? Stocks? Or why not gold?
If you are serious about your investments and want to play it safe in the long term, I would go for gold. A good old saying goes, “when everything loses worth, gold will rise in worth.”
You might also know that we are heading towards a genuine economic recession. History has proven it to occur every 7-9 years, so it is just around the corner. Experts have also predicted this one to be the worst one ever.
Are you prepared for that? If you sit on gold when everything loses its worth, you will be solid and able to provide for yourself and your family and loved ones.
Do you own or represent American Bullion?
If you are a representative or associate of American Bullion and have found something not to be correct in this review, please, feel free to tell, and I will make sure to update the info on this post. The easiest way to do it is in the comment section below, or simply by sending us an e-mail: email@example.com
Final Words and Verdict
Overall rating: (4 / 5)
I have made my point pretty clear on this one: American Bullion is legit, and not only that, it seems like a decent alternative among the many companies out there, so it might be worth to consider.
The rating of 4 out of 5 is a very high rating and something that this site (Goldretired.com) rarely gives.
As always, the decision is yours to make!
You are a smart person and I am absolutely sure that you will find the right company to do business with. Please just make sure to compare diferent alternatives, and to research them before you make any decisions.
You clearly understand this consept very well as you wouldn´t have read this review otherwise, right? So, that makes me very confident in knowing that you will be just fine if you only do a bit of research before you invest.
What do we recommend?
I you are looking to invest in gold, no matter if it is outside an IRA or inside an IRA our absolute #1 recommendation have to be Goldco.
They got obvious beneits that stads out in the industry and we think you will understand pretty fast what we mean when you have seen what they offer yoursel:
I hope you found this article on American Bullion to be helpful, and now you should have a better understanding of what it is about and how it works. If you are an Investor, please share your experience in the comment section below, as it can help others with their decision. Also, if you got any other questions about this review, I will be more than happy to answer them below!
I wish you success!
Founder of: Gold Retired