Today we review Bullion Trading LLC for you. What is Bullion Trading LLC? Are they legit gold dealers, or should you put your money elsewhere? These are some of the questions this short review will answer!
Company: Bullion Trading LLC
Owner: Kahan Jewelry
Price: Depends on how much you invest
Who is it for? Precious metals investors
Overall rating: (3.8 / 5)
Important to mention (before we go into more details of this review)
We strongly recommend doing your research online before choosing a company to invest in. 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 a smart 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 Bullion Trading LLC!
When it comes to investment, there are various options available like stocks, real estate, and assets. Most people prefer to invest in gold and other metals because it is the safest way to generate more profit. The value of gold increases with time, which means that they can easily generate the profit they want. However, it would be best to buy gold or silver from a reliable dealer because that is the only way to get the services you want. There are various precious metal dealers in the industry, and many people are attracted to Bullion Trading LLC. Here we have a complete overview to help you understand who they are.
What is Bullion Trading LLC?
Bullion Trading LLC (BTLLC) is one of the leading precious metal dealers in NYC. Their main office is only two blocks away from Times Square (exact address is 20 West 47th Street, Lower Level #24 New York, NY 10036).
The company was introduced 40 years ago. They started the business as the precious metal refinery, and today they are working as a spin-off for Kahan Jewelry. They trade and sell gold and silver bars/coins. They will not only trade silver and gold but also purchase your palladium and platinum if you are interested in selling.
Their services are easily available online to get all information related to your services. However, the experts would prefer that you visit their physical location when you have to buy or sell goods. The Bullion Trading LLC is the prime choice for most customers because of its variety of services and reliability.
How does it work?
They have simple trading, buying, and selling the platform for precious metals. There are no confusions that you have to deal with. Mention the metals and weight you need, pay for the services, and transfer them into your account. Similarly, you can follow the same process and get your money back if you want to sell the products. Their system is straightforward, so you will not have to deal with any issues.
Products and services offered.
They mainly deal in gold and silver. The products that you can get from Bullion Trading LLC are.
- Gold coin
- Gold bars
- Silver coins
- Silver bars
Yes, Bullion Trading LLC is providing the IRA services. It means that you can make your investment for retirement with the company. However, you should know that IRA services are costly because the company will be managing your assets.
A common question most people ask is what is the fee for the products and services. You should know that the fee for metals you plan to buy is displayed on the website. You can buy or sell goods depending on the original rates. You are not allowed to negotiate the price.
Can you get the metals delivered home?
One of the best things about BTLLC is that your assets will be delivered to your location. However, you have to remember that you might have to pay extra for the services. Most customers complain that delivery services are expensive and hard to manage in their budget.
Can you store with the company?
There are options available according to which investors are allowed to store with the company. However, remember that you will have to pay extra charges for the account, and if you are planning to cancel the services, you will have to pay the cancellation fee of $35 for the management of the services. That is why you should plan your moves wisely.
Can you sell back to the company?
If you are planning to sell back the products to the company, you should know that they will buy back pure gold at 2% less than the rate in the current market. All the exchanges will depend on the transactions made by the customers. So, it would be a better option to sell the products you have bought from Bullion Trading LLC to someone else if you want a higher profit.
What countries are allowed?
If you are planning to buy and sell precious metals from
BTLLC, you should remember that their services are only available in New York City. It means that if you belong to another city or country, you might have to visit NYC to get the services from Bullion Trading LLC, which is not an option in most cases.
Do they have good support?
Something I always put a lot of weight on when it comes to the support system of a particular company is if they got a live chat function or not. Does BTLLC have this? No, they do not have this. That is a minus (at least in my book). They do have ordinary customer support services available (phone and e-mail).
However, there have been complaints about their dealings because most customers could not contact the experts, which offended them…
Source: The Yelp website (link further down)
Is Bullion Trading LLC a Scam?
So, is Bullion Trading LLC a Scam? No, it is not a scam. It is simply another gold (and jewelry) dealer, among many others. It got a real physical address and can be found on Google. That is not always the case with gold dealers we review…
However, if they are your absolute best alternative out, there is another story, and that leads us to the following:
Other online reviews and ratings:
Something that is always recommended to do and that you are wise to do before making any decision is to look at what some of the most well-known and trusted review and rating sites online have to say about the particular company you are looking into.
As always in our reviews, we provide you with their scores and ratings (with clickable links) to make this job easier for you:
Rating: Not an accredited business by the BBB
Rating: (4.5 / 5) (out of 7 reviews) click here for details (opens in new window)
Rating: (4.1 / 5) (out of 19 reviews) click here for details (opens in new window)
The conclusion from this:
As you can see above, the company is NOT accredited by the BBB, and there are not many reviews and ratings online to be found in general. Only 7 on Yelp and 19 on Facebook.
Important to mention:
You need to know that there are gold dealers that got A LOT more reviews and ratings from clients, some even thousands… and better ratings.
==> Click here for the #1 rated by its clients (over hundreds of reviews from 3rd party customer protection agencies)
The PROS and CONS
Comparing a company´s positive sides against its negatives is always recommended to get a better overall view. As always in our reviews, we point out some clear points on both sides of the spectrum. Some of the pros and cons of working with the company are:
- The few reviews found are mostly positive.
- There are different packages available which mean you can easily invest and manage the services in your budget.
- The experts will provide you with complete guidance related to your services.
- There is no live chat, and sometimes it gets hard to get in touch with the experts.
- Not many reviews from real clients are found online.
- You will get the payment according to the current rates when you sell the precious metals. So, if the rates are lower company has no control over it.
Do you own or represent Bullion Trading LLC?
If you are a representative or associate of The Bullion Trading LLC 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 else you get the e-mail on the about page.
Overall rating: (3.8 / 5)
Ok, I think that sums up the overall view of this company pretty well. It is a legit one. However, I would say that at least a handful I would recommend before them, so you might want to look at other options and compare before making a final decision.
With years of experience and experts,
BTLLC experts will provide you with the services that you need. The metals available at the store are pure, and they will be sold at the original rate. If the rates are lower, you will get the value accordingly. You might have to wait sometimes because the experts are not always available. That is why you have to select the right time to contact the experts. Make sure that you visit the original Bullion Trading LLC for reliable services.
My #1 recommended gold dealers (depending on what you are looking for)
If you want to see our top 5 list of (loose) gold dealers and IRA custodians, then click the link below to come to that page:
I hope you found this short review of Bullion Trading LLC to be helpful, and now you should have a better understanding of what it is and if it is the one for you or not. If you have used any of their services, share your experience in the comment section below, as it can help others. Also, if you got any questions about this review, I will be more than happy to answer them below.
I wish you success
Founder of: GoldRetired.com