Crown Bullion Inc Review For 2024

Item: Crown Bullion Inc
Rating: 3.4
Author: Bonds

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Investing in precious metals is a great way to diversify your investment portfolio. Gold, silver and platinum are all popular choices among investors. However, finding a credible and trustworthy precious metals dealer is crucial for a successful investment experience.

With so many options available in the market, it can be challenging to make an informed decision. Therefore, conducting thorough research before investing is necessary.

This article will provide an in-depth review of Crown Bullion Inc, a reputable precious metals dealer that offers investors a variety of bullion products. We will examine the company's background, products and services, customer support and other crucial factors to help investors make an informed decision.

Product: Precious Metals
Owner: Gina Falcon (President)
Overall Rating: 3.4/5

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Table of Contents

Overview of Crown Bullion Inc

Product Offerings

Crown Bullion Inc IRA Guide

Advantages of Investing in Precious Metals with Crown Bullion

Self-Directed IRA and How It Works

What Is a Gold IRA?

U.S Regulations on Gold IRA

Funding a Gold IRA

Gold IRA Account Options

Process of Opening a Gold IRA

Bottom Line

Overview of Crown Bullion Inc

Crown Bullion Inc is a reputable precious metals trading company providing investment solutions in gold, silver and platinum since 2010. The company is headquartered in Dallas, Texas and has become a leading precious metals dealer in the United States.

In 2020, Crown Bullion Corp became an accredited business with the Better Business Bureau (BBB) and achieved an A+ rating, the highest possible score. This rating is a testament to the company's commitment to ensuring customer satisfaction and providing top-quality services.

Furthermore, Crown Bullion Inc is a proud member of the Professional Numismatists Guild (PNG) and the Industry Council for Tangible Assets (ICTA). These organizations promote ethical practices in the precious metals market and give their members valuable information, resources and networking opportunities.

Crown Bullion's membership in these associations reflects the company's dedication to upholding industry standards and providing trustworthy services to its customers.

Product Offerings

Crown Bullion Inc is a precious metals dealer that offers a variety of investment options.

Gold

American Gold Eagles: These coins are produced by the US Mint and are made of 22-karat gold. They are available in various sizes, including 1/10 oz, 1/4 oz, 1/2 oz and 1 oz.
Canadian Gold Maple Leafs: These coins are produced by the Royal Canadian Mint and are made of 24-karat gold. They are available in various sizes, including 1/20 oz, 1/10 oz, 1/4 oz, 1/2 oz and 1 oz.
Gold bars: Crown Bullion Inc offers gold bars from various mints, including Credit Suisse, PAMP Suisse, Johnson Matthey and Royal Canadian Mint. The bars are available in multiple sizes, ranging from 1 gram to 1 kilogram.

Silver

American Silver Eagles: These coins are produced by the US Mint and are made of 99.9% pure silver. They are available in 1 oz size.
Canadian Silver Maple Leafs: These coins are produced by the Royal Canadian Mint and are made of 99.99% pure silver. They are available in various sizes, including 1/2 oz, 1 oz, 2 oz, 5 oz, 10 oz and 1 kilogram.
Silver bars: Crown Bullion Inc offers silver bars from various mints, including Engelhard, Johnson Matthey, PAMP Suisse and Royal Canadian Mint. The bars are available in numerous sizes, ranging from 1 oz to 100 oz.

Platinum

American Platinum Eagles: These coins are produced by the US Mint and are made of 99.95% pure platinum. They are available in 1/10 oz, 1/4 oz, 1/2 oz and 1 oz sizes.
Canadian Platinum Maple Leafs: These coins are produced by the Royal Canadian Mint and are made of 99.95% pure platinum. They are available in 1/10 oz, 1/4 oz, 1/2 oz and 1 oz sizes.
Platinum bars: Crown Bullion Inc offers platinum bars from various mints, including Credit Suisse, PAMP Suisse and Johnson Matthey. The bars are available in various sizes, ranging from 1 gram to 1 kilogram.

Palladium

Canadian Palladium Maple Leafs: These coins are produced by the Royal Canadian Mint and are made of 99.95% pure palladium. They are available in 1 oz size.
Palladium bars: Crown Bullion Inc offers bars from various mints, including Credit Suisse and PAMP Suisse. The bars are available in various sizes, ranging from 1 gram to 1 kilogram.

Crown Bullion Inc IRA Guide

Crown Bullion Inc provides a free gold IRA guide to help educate investors interested in adding precious metals to their retirement portfolio. The guide includes information on the benefits of investing in a gold IRA, how to set up an account, the types of metals that can be included in a gold IRA and the rules and regulations that must be followed.

The guide also includes tips on choosing a reputable precious metals dealer and answers to frequently asked questions about investing in gold IRAs. By providing this free guide, Crown Bullion Inc aims to help investors make informed decisions about their retirement investments and ensure a secure financial future.

Advantages of Investing in Precious Metals with Crown Bullion

Diversification: Crown Bullion offers a variety of precious metals such as gold, silver, platinum and palladium. Adding these metals to a diversified portfolio can help reduce overall portfolio risk since they have a low correlation with traditional assets like stocks and bonds.
Hedge against inflation: Investing in precious metals can protect the purchasing power of your portfolio during times of inflation since precious metals tend to increase in value as paper currency decreases.
Tangible asset: Unlike stocks and bonds, precious metals are tangible assets that can be physically held. Holding the metals in your hand can provide security and peace of mind.
Safe haven: During times of economic uncertainty and market volatility, precious metals tend to perform well. Investing in precious metals with Crown Bullion can protect your portfolio during times of crisis.
Potential for capital appreciation: Precious metals can appreciate over time, providing potential for capital appreciation. While there is no guarantee that you will profit, investing in precious metals with Crown Bullion can give growth potential.
Liquidity: Precious metals are highly liquid assets and you can easily buy and sell them with Crown Bullion at current market prices. This means that you can quickly and easily access your funds if needed.
Tax advantages: Investing in precious metals through a self-directed IRA with Crown Bullion can provide tax advantages. This can include tax-deferred growth, tax-free distributions and making contributions with pre-tax dollars.
Experienced team: Crown Bullion has a team of experienced professionals dedicated to helping investors achieve their investment goals. They provide expert advice, personalized service and transparent pricing to ensure investors can make informed investment decisions.

Self-Directed IRA and How It Works

A self-directed Individual Retirement Account (IRA) is a type of IRA that allows investors to have more control over their investment choices. With a self-directed IRA, the account owner can invest in a wider range of assets beyond traditional stocks, bonds and mutual funds such as real estate, private equity, precious metals and more.

Unlike traditional IRAs, self-directed IRAs require the account owner to be more actively involved in the investment process. Instead of relying on a financial advisor to make investment decisions, the account owner is responsible for researching and selecting investments that align with their financial goals and risk tolerance.

A self-directed IRA gives you the freedom and flexibility to invest in assets you know about or are interested in. For example, if you have expertise in real estate, you can invest in rental properties through your self-directed IRA. This allows you to diversify your retirement portfolio and achieve higher returns.

However, it's important to note that self-directed IRAs come with additional risks and responsibilities. Due diligence is essential when researching and selecting investments, as the account owner is solely responsible for the success or failure of their investments.

Additionally, the IRS has specific rules and regulations surrounding self-directed IRAs, including prohibited transactions and disqualified persons.

What Is a Gold IRA?

A gold IRA, also known as a precious metals IRA, is an individual retirement account that allows investors to hold physical precious metals such as gold, silver, platinum and palladium in their retirement portfolio.

Unlike traditional IRAs, where the investment options are limited to stocks, bonds and mutual funds, a gold IRA allows investors to diversify their portfolio with physical precious metals.

Investors can purchase and hold physical precious metals such as gold bullion coins or bars, in a secure and insured storage facility, ensuring that the metals are safely stored and protected.

The primary advantage of a gold IRA is that it provides a hedge against inflation and market volatility. As previously mentioned, gold has historically been viewed as a safe haven asset and has proven to retain its value over time, even during economic uncertainty.

U.S Regulations on Gold IRA

The US Internal Revenue Service (IRS) regulates Gold IRAs and investors must adhere to several rules and regulations when investing in these accounts.

Here are the US regulations and IRS rules regarding gold IRAs:

Eligible metals: Only certain types of precious metals are eligible for inclusion in a Gold IRA. The IRS permits investment in gold, silver, platinum and palladium bullion coins or bars that meet certain fineness standards.
Custodian: Gold IRAs must be held with an IRS-approved custodian responsible for managing the account and holding the physical precious metals.
Contributions: Investors can contribute to a Gold IRA similarly to traditional IRAs. The contribution limits for 2022 are $6,500 for those under age 50 and $7,500 for those 50 and older.
Distribution: Investors must wait until 59 ½ to begin taking distributions from their gold IRA unless they meet certain exceptions. Distributions before this age may be subject to a 10% early withdrawal penalty and ordinary income tax.
Storage: The IRS requires storing physical precious metals in a secure and approved depository. Investors cannot hold the precious metals themselves and must be kept separate from other personal assets.
Prohibited transactions: The IRS prohibits certain transactions within a gold IRA. For example, an investor cannot purchase precious metals from a disqualified person or use the precious metals for personal use before distribution.
Taxes: Taxes on gold IRA investments are similar to traditional IRA investments. Taxes are deferred until distribution, at which point they are taxed as ordinary income.

Funding a Gold IRA

Funding a gold IRA can be done using several methods. The most common methods include:

Cash Transfer: You can transfer cash from your current IRA, 401(k) or another retirement plan into a gold IRA. This is called a direct rollover or transfer, the most straightforward way to fund a gold IRA. The cash is transferred directly from your retirement account into the gold IRA.
IRA Contribution: You can contribute funds to a gold IRA like any other one. The contribution limit for gold IRAs is the same as for traditional and Roth IRAs. For 2023, the contribution limit is $6,000 if you're under 50 and $7,000 if you're over 50.
Rollover: If you receive a distribution from your retirement plan, you can roll it into a gold IRA within 60 days. However, this method has certain restrictions such as only being able to roll over the same distribution once in 12 months.
In-Kind Transfer: If you already have physical gold or other precious metals, you can transfer them into a gold IRA. This is called an in-kind transfer and it can help you avoid selling your precious metals and incurring taxes and fees.

Gold IRA Account Options

When setting up a Gold IRA, investors have several account options.

SEP IRA (Simplified Employee Pension Individual Retirement Account): This type of IRA is designed for self-employed individuals or small business owners. It allows them to contribute to their own retirement account and those of their employees. Contributions to a SEP IRA are tax-deductible and grow tax-free until they are withdrawn during retirement. However, they must begin taking distributions by age 72.
Roth IRA: A Roth IRA is funded with after-tax dollars and contributions are not tax-deductible. However, qualified distributions during retirement are tax-free. There are income limits for contributing to a Roth IRA, but there is no age limit for contributions or required minimum distributions.
Traditional IRA: A traditional IRA allows investors to contribute pre-tax dollars and defer taxes on their contributions until they are withdrawn during retirement. The contributions grow tax-free until they are withdrawn during retirement, at which point they are taxed as ordinary income. The account owner must begin taking distributions by age 72.

Process of Opening a Gold IRA

The process of opening a gold IRA involves several steps that need to be followed carefully.

Choose a Custodian: The first step is to choose a custodian for your gold IRA. The custodian holds the precious metals in a secure depository and manages the account. Research and choose a reputable custodian specializing in precious metals IRAs.
Open an Account: Once you have selected a custodian, the next step is to open an account. This involves completing an application and providing personal information and identification documents. The custodian will also require information about the type of IRA account you want to open.
Fund the Account: After your account is open, you will need to fund it. You can do this by transferring funds from an existing IRA or 401(k) account, rolling over a distribution from a qualified retirement plan or contributing cash or a check.
Choose Your Investments: With a gold IRA, you can invest in different types of precious metals such as gold, silver, platinum and palladium. You can invest in coins, bars or other forms of bullion. It is important to note that there are certain IRS rules and regulations regarding the types of metals and coins that can be held in an IRA.
Purchase Your Investments: Once you have chosen your investments, you can purchase them through your custodian. Your custodian will handle the purchase and ensure the metals are stored in a secure depository.
Manage Your Account: After your investments are purchased, managing your account and keeping track of your investments is important. This includes monitoring the performance of your investments and making any necessary changes to your portfolio.

Bottom Line

Crown Bullion Inc is a reputable precious metals dealer in operation since 2010. The company offers a range of precious metals, including gold, silver, platinum and palladium. They provide their customers with various products, including coins, bars and rounds and they claim to offer competitive pricing.

While Crown Bullion Inc is a good option for precious metals investments, there may be better options for those interested in opening a gold IRA account. This is because they have a limited selection of IRA-approved precious metals and do not offer the best gold IRA services compared to other firms.

However, Crown Bullion Inc is still a reliable and trustworthy dealer offering competitive product pricing. They also have a knowledgeable team of professionals that can provide valuable advice and assistance to their customers.

Investing in precious metals can provide many benefits, including diversification, protection against inflation and potential for capital appreciation. As with any investment, it is essential to research and choose a reputable dealer with a track record of providing excellent service and products.

Crown Bullion Inc can be a good option for investing in precious metals. Still, it may not be the best option for those interested in opening a gold IRA account, as other firms are offering a more extensive selection of IRA-approved precious metals and better gold IRA services.

If you are looking to invest, don't forget to checkout our highest recommended companies!

>> Click Here To See Our Top 5 Recommended Precious Metals Investment Companies <<

Currently our #1 recommendation is offering up to $10,000 in free silver!

Visit: Crown Bullion Inc

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