Hello and welcome to another review at gold retired! Today we’ll be looking at an international company: Bunker Group. So, What is Bunker Group? How does it work? Can you store with this company? Does it offer IRAs? Can you sell it back to them? Let’s get started and find out!
Company: Bunker Group
Owner: Pierre Roy
Who is it for? People who would like to invest in precious metals.
Overall rating: (3 / 5)
Important to mention (before we go into more details of this review)
We strongly recommend doing your own 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.
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You are a smart person, so I am absolutely 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.
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With that being said, let´s continue with the review on Bunker Group!
What is Bunker Group?
Based in Singapore and founded in 2016, Bunker Group is an international precious metals dealer that specializes in offering simple solutions for buying gold, silver, and platinum bars. The CEO and founder of this company are Mr. Pierre Roy.
You know that I care a lot about first impressions, and while the Bunker Group website seems neat and well organized, a grammatical error in their about us page caught my attention, and honestly, it shouldn’t be there! If a company is looking to compete with the top players of the gold investment game, making sure everything is on point is a must.
See the grammatical error below (or click here to come to their “about page”:
Moving on, here’s a screenshot of the physical address of Bunker Group:
What are the products and services offered?
As stated above, Bunker Group offers bars in Gold, silver, and platinum. It doesn’t offer coins nor does it show the exact products it offers on the website. Apparently, you need to fill out some forms to get more information about the exact precious metals you’ll be investing in.
There is only one sample of a gold bar shown on their website which is this one:
It seems that this company focuses more on making the whole process of investing in precious metals simpler.
They also offer a live chart of precious metals prices which is something I liked.
Bunker Group claims to offer Zero Tax on precious metals orders. But, that comes with a catch.
Zero Tax is only available if you purchase precious metals IN Singapore and KEEP them there. If you want to get your metals delivered home, you must pay both a delivery fee AND taxes on your precious metals ( taxes according to your home country’s laws ). So basically this is only useful for people living in Singapore.
Does this company offer IRAs?
No, Bunker Group does NOT offer IRAs.
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Can you store with the company?
Yes, you can store with Bunker Group. They highly emphasize the security of their storage facilities on their website. They are partnered with LeFreePort, a company that handles the storage of precious metals.
They talk more about this on their website:
The best place to store gold is to choose a bailor which can help you buy and store these bars online within few clicks without charging an expensive price. Bunker Group is working with one of the most high-secure facility in the world : Le FreePort
Can you sell back to the company?
Yes, you can sell back to Bunker Group, here’s an excerpt from their website explaining the whole process:
The sell functionality works in total symmetry with the buy. You just need to follow these steps:
- Select your metal: Gold/Silver/Platinum
- Select your order type: Market/Limit/Monthly
- Fill the quantities, possibly the price and the date
- Click “Sell”
When you enter the amount, the platform will use the same algorithm as the buy to round down your amount to sell your bars. You can sell gold bars or sell physical bars of other precious metals at best prices.
Can you get the precious metals delivered home?
Yes, you can! But, you need to contact them if you want to know about the delivery fees.
Here’s an excerpt from their website that talks more about this:
We cannot provide an exhaustive list of delivery fees for all countires in the world, but feel free to contact us and we’ll let you know the exact cost.
Being an international company, Bunker Group most likely delivers to most countries, they didn’t include the exact ones on their website though.
What about online ratings and reviews?
Even if the company you’re considering has an extremely attractive website and several “promises” of excellent services, there’s something you must never skip: going through the online reviews and ratings. Getting an idea about the experience of other customers can help you avoid the stress of not knowing what to expect or even worse, getting scammed!
We definitely don’t want that to be the case for you, so, as always, we gathered the online reviews and ratings of Bunker Group!
This company is fairly new and it’s also international, which might explain a lack of reviews but a total absence of reviews on ALL the top review sites makes this company fall behind compared to other competitors with thousands of positive reviews.
Do you Own or Represent Bunker Group?
If you are a representative, or associate of Bunker Group 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 got the e-mail on the about page.
Final Words and Verdict
Overall rating: (3 / 5)
Okay, I think this sums up everything about Bunker Group. This company is still new and still has a lot to prove. It emphasizes a lot of security and makes the process of investment simple. But, I didn’t like the fact that they don’t display the types of precious metals they offer on their website. Also, the lack of reviews makes other well-known precious metals dealers a better option.
What IRA company do we recommend?
You made a wise decision to read this review and you are a smart person. I am sure that you will find the right company that suits your needs the best. I would advise you to compare different alternatives against each other before you make a decision. Below you got my absolute #1 recommended IRA custodian:
We’re done with this review! I hope that you found it useful and that you now know everything about what Bunker Group is. If you have any questions or remarks, feel free to share them by writing them below. I’ll be more than happy to answer!
See you soon!
Owner of: Gold Retired.