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Dillon Gage Metals has been a leading name for decades in the world of precious metals. The company offers its clients a wide range of services, including trading, refining and storing precious metals. It has established itself as a trusted name in the industry, providing high-quality services to institutional and individual clients.
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Dillon Gage Metals Background
Dillon Gage Metals is a precious metals wholesaler based in Addison, Texas. The company was established in 1976 by Stephen W. Miller and it has since grown into a global player in the precious metals industry. The Miller family owns the company and has a team of experienced professionals who manage its operations.
The Better Business Bureau (BBB) is yet to accredit Dillon Gage Metals, but it has an A+ rating with the organization. This indicates the company's commitment to ethical business practices and willingness to resolve customer complaints promptly.
Dillon Gage Metals has a solid online presence, with an easy-to-use website that allows customers to buy and sell precious metals and access market information and educational resources.
The company's social media accounts, including Facebook, Twitter and LinkedIn, are regularly updated with news and insights on the precious metals market.
The management team at Dillon Gage Metals includes a mix of industry veterans and young professionals who bring a wealth of experience and fresh perspectives to the company.
Dillon Gage Metals Services
Dillon Gage Metals offers its clients a wide range of services, catering to individual and institutional investors.
Precious Metals Trading
Dillon Gage Metals allows clients to buy and sell precious metals, including gold, silver, platinum and palladium. The company has a team of experienced traders who provide clients with real-time market information and guidance to make informed trading decisions.
Dillon Gage Metals prides itself on its ability to provide competitive pricing, fast execution and exceptional customer service.
Fiztrade Online Trading
Dillon Gage Metals' online trading platform, Fiztrade, provides clients real-time market data and a user-friendly interface to buy and sell precious metals. The platform offers live chat support and access to educational resources. Clients can also manage their accounts and view their transaction history through the platform.
Dillon Gage Metals provides secure storage options for clients who purchase precious metals through the company. The company has partnered with International Depository Services (IDS) in Delaware and Maryland to provide clients with a safe and insured storage solution.
IDS is a fully insured facility with state-of-the-art security systems to protect against theft, damage or loss.
Additionally, the company has partnered with custodial service providers such as Equity Trust Company, New Direction Trust Company, GoldStar Trust and CamaPlan to offer clients additional custodial options.
Dillon Gage Metals has a state-of-the-art refining facility that uses advanced technology to ensure accurate and efficient processing of precious metals. The company offers refining services for gold, silver, platinum and palladium. Clients can refine their precious metals to bullion or other forms, depending on their needs.
Dillon Gage Metals Product Offerings
Dillon Gage Metals offers its clients a diverse range of products, catering to individual and institutional investors.
Dillon Gage Metals provides clients access to a wide range of gold bullion products from reputable mints worldwide, including bars and coins. The company's gold bullion offerings include popular products like the American Gold Eagle, Canadian Gold Maple Leaf and South African Gold Krugerrand.
Dillon Gage Metals offers clients a selection of silver bullion products from various mints worldwide, including bars and coins. The company's silver bullion offerings include popular products like the American Silver Eagle, Canadian Silver Maple Leaf and Austrian Silver Philharmonic.
Dillon Gage Metals provides clients access to platinum bullion products from reputable mints worldwide, including bars and coins. The company's platinum bullion offerings include popular products like the American Platinum Eagle, Canadian Platinum Maple Leaf and Australian Platinum Kangaroo.
Dillon Gage Metals offers clients a selection of certified diamonds for investment purposes. The company's diamond offerings include round, princess and other fancy shapes in various sizes and grades. Dillon Gage Metals provides clients with certificates of authenticity for all of its diamond products.
Dillon Gage Metals offers copper bullion products, including bars and rounds, for clients looking to invest in base metals. The company's copper bullion offerings include popular products like the Copper Eagle and the Copper Buffalo.
Dillon Gage Metals provides clients access to various palladium bullion products from reputable mints worldwide, including bars and coins. The company's palladium bullion offerings include popular products like the American Palladium Eagle and the Canadian Palladium Maple Leaf.
Gold and Silver Numismatics
Dillon Gage Metals offers clients a selection of gold and silver numismatic coins for investment purposes or collection. The company's numismatic offerings include rare and historic coins, as well as modern collector coins from reputable mints around the world.
Dillon Gage Metals offers clients a selection of luxury Swiss watches from brands like Rolex, Omega and Breitling. The company's watches are carefully selected and certified to ensure their authenticity and value.
Pros & Cons of Dillon Gage Metals
Precious Metals IRAs
The concept of a Precious Metals Individual Retirement Account (IRA) was introduced in the United States in 1997 as part of the Taxpayer Relief Act. This allowed for a new type of self-directed IRA, which permits investors to diversify their retirement portfolio by investing in a broader range of assets, including precious metals.
Dillon Gage Metals offers IRA services for clients who wish to invest in precious metals as part of their retirement portfolio. A precious metals IRA enables clients to invest in physical gold, silver, palladium and platinum bullion or select to invest in precious metals ETFs or mutual funds.
Dillon Gage Metals can assist clients in setting up a self-directed IRA and selecting an approved custodian to hold the precious metals. The company offers a range of precious metals products that can be purchased through an IRA, allowing clients to diversify their retirement savings beyond traditional assets.
It's important to note that IRA regulations must be followed to purchase, sell and distribute precious metals within a self-directed IRA.
Types of Precious Metals IRA Accounts
Three types of Precious Metals IRA Accounts are available through Dillon Gage Metals.
A Traditional IRA is a retirement account allowing for tax-deductible contributions. This means that investors can deduct the amount of their contributions from their taxable income, reducing their overall tax liability.
Any gains made within the account are tax-deferred, which means that taxes are not owed until the funds are withdrawn from the account. Withdrawals from Traditional IRAs are taxed as ordinary income.
A Simplified Employee Pension (SEP) IRA is a retirement account designed for small business owners and self-employed individuals. This type of account is similar to a Traditional IRA in that contributions are tax-deductible and gains are tax-deferred.
However, SEP IRAs have higher contribution limits than Traditional IRAs, which can make them a popular choice for those looking to maximize their retirement savings.
A Roth IRA is a retirement account that allows for tax-free withdrawals in retirement. Contributions to a Roth IRA are made with after-tax dollars, meaning they are not tax-deductible.
However, any gains made within the account are tax-free and withdrawals in retirement are also tax-free. Roth IRAs are a popular choice for those anticipating a higher tax bracket in retirement.
IRA Eligible Precious Metals
The Internal Revenue Service (IRS) has established guidelines for the types of precious metals eligible for investment in an IRA.
The IRS mandates that IRA-eligible precious metals meet specific purity, minting and weight requirements.
It's important to note that not all types of precious metals are eligible for IRA investment. For example, collectible coins such as rare or commemorative ones, cannot be held in an IRA. Additionally, precious metals not in the form of bullion such as jewelry or artwork, are not eligible for IRA investment.
Dillon Gage Metals offers a wide range of IRA-eligible precious metals, including gold, silver, platinum and palladium bullion. The company only sources precious metals from recognized and approved mints and refiners to ensure all products meet IRS purity and minting requirements.
Clients can purchase IRA-eligible precious metals from Dillon Gage Metals, which can be held in a self-directed IRA with an approved custodian.
How Do You Fund Precious Metals IRA?
Funding a precious metals IRA can be done through several methods.
An IRA transfer is the movement of funds from an existing IRA account to a new one. To fund a precious metals IRA via transfer, the account holder must contact the custodian of their current IRA and request a transfer of funds to the new precious metals IRA account. The transfer must be made directly from the existing IRA to the new precious metals IRA to avoid penalties or taxes.
An IRA rollover is similar to a transfer but involves the distribution of funds from an existing retirement account such as a 401(k) or 403(b), to a new IRA account. To fund a precious metals IRA via rollover, the account holder must first request a distribution of funds from their existing retirement account.
Once the funds are received, they must be deposited into the new precious metals IRA account within 60 days to avoid penalties and taxes.
A cash contribution is a direct deposit into a precious metals IRA account. This method is ideal for those who do not have an existing IRA account or retirement plan. The account holder must open a precious metals IRA account with an approved custodian and deposit cash. The amount of the contribution is subject to annual limits set by the IRS.
Setting Up Precious Metals IRA with Dillon Gage Metals
Setting up a precious metals IRA with Dillon Gage Metals involves several steps:
Step 1: Choose a Custodian
The first step in setting up a precious metals IRA with Dillon Gage Metals is to choose a custodian for the account. The custodian is responsible for holding and managing the assets in the IRA.
Dillon Gage Metals has partnered with several trusted custodians specializing in precious metals IRAs such as Equity Trust Company, New Direction Trust Company, GoldStar Trust and CamaPlan. Clients can choose the custodian that best meets their needs.
Step 2: Open an Account
Once a custodian has been selected, the next step is to open a precious metals IRA account. This involves completing an application with the custodian, providing personal information and identifying the type of IRA account being opened such as a traditional, Roth or SEP IRA.
Step 3: Fund the Account
After the account is opened, it needs to be funded. This can be done through a transfer or rollover from an existing IRA or retirement account or by making a cash contribution directly to the new precious metals IRA account.
Step 4: Choose Metals
Once the account is funded, the holder can choose which precious metals they want to purchase for the IRA. The IRS has specific guidelines for the types of metals eligible for IRAs, including gold, silver, platinum and palladium bullion, as well as certain coins and bars that meet purity and weight requirements.
Step 5: Purchase Metals
After selecting the desired precious metals, the account holder can purchase them through Dillon Gage Metals. The company offers a wide selection of IRA-eligible metals, including coins, bars and rounds from reputable mints and manufacturers.
Step 6: Store the Metals
Lastly, the purchased metals need to be stored in an approved depository. Dillon Gage Metals partners with International Depository Services (IDS) in Delaware and Maryland to secure storage for precious metals purchased through the company. The client's chosen custodian will coordinate the transfer of metals to the approved depository.
Dillon Gage Metals is a solid choice for investors purchasing precious metals. With a strong focus on customer service, the company offers a variety of products and services, including precious metals trading, online trading, storage services and IRA services.
Many customers have praised Dillon Gage Metals for its knowledgeable staff and prompt customer service.
However, it's important to note that the company is not accredited by the Better Business Bureau (BBB), which may concern some investors. Additionally, some customers have reported issues with inventory availability and shipping delays when ordering online.
While Dillon Gage Metals is a viable option for purchasing precious metals, investors should also consider other highly reputable firms with BBB accreditation that may offer better services and products.
For example, some competitors offer a wider range of precious metals products such as rare coins and numismatics, as well as more flexible storage options.
Overall, investors should conduct their research and due diligence before making investment decisions. While Dillon Gage Metals has a good reputation and offers various services and products, other companies may better suit an individual's needs and preferences.
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Currently our #1 recommendation is offering up to $10,000 in free silver!
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