Liberty Gold and Silver Review

Liberty Gold and Silver Review

Disclaimer: Many or all of the companies listed here may provide compensation to us. This is how we maintain our free service for consumers. Compensation, along with hours of in-depth editorial research, determines where & how companies appear below.

As a hedge against the uncertainty of the stock market and the political climate, precious metals are attracting an increasing number of investors.

Gold prices have historically been stable even through times of economic turmoil. It is widely employed as a hedge against inflation. Experienced traders and investors choose to hold real gold to gold ETFs, receipts and mining stocks.

You've probably found Liberty Gold and Silver in your search for the best precious metals dealer to work with when purchasing gold or silver bars and coins for your gold IRA.

  • Product: Precious Metals
  • Owner: Liberty Gold and Silver LLC
  • Overall Rating: 3.0/5

If you are looking to invest, only go with a trusted company!

>> 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!

Liberty Gold and Silver Background

Liberty Gold and Silver Review

Online precious metals broker Liberty Gold and Silver (LG&S) offers various metals like gold, silver, platinum and palladium at low costs. The firm also sells rhodium, ruthenium and iridium items, guaranteed to be of the highest quality. The company's mission is to provide the highest quality service to its patrons.

So, it provides enough information to its customers, allowing them to make well-informed selections while purchasing precious metals. Liberty Gold and Silver's objective is to assist every customer in buying the ideal goods for their investment strategy.

Liberty Gold and Silver's operations are managed from its headquarters in Portland, Oregon. The company's employees can sell coins and bars of various precious metal denominations produced by reputable commercial and government mints. It is common practice to provide substantial price reductions to customers who make bulk orders.

Main Services Offered by Liberty Gold and Silver

Liberty Gold and Silver Review

Liberty Gold and Silver has established an identity for itself as a comprehensive service provider. Most competing online brokerages focus on just one area of expertise. This makes it an excellent option for clients interested in a wide range of precious metal-related services.

In fact, concerning the services it offers, this corporation claims to be the greatest provider across North America. Some of the most popular services are:

  • International shipping
  • Precious metal IRAs funding
  • After hours and on weekends price locks
  • Advice on personalized investment
  • Private pension plans funding
  • Offshore precious metals storage

Consumers may benefit from many service types without switching to other providers. This greatly improves the reliability of the services and goods they receive.

Buying Precious Metals from Liberty Gold and Silver

Purchasing precious metals from Liberty Gold and Silver involves a straightforward process that can be completed online and in person.

  • Choose the type and amount of precious metals you want to purchase: Liberty Gold and Silver offers a variety of precious metals including gold, silver, platinum and palladium in the form of coins, bars and rounds. You will need to decide on the type and amount of precious metals you wish to buy.
  • Check the current market prices: Before making a purchase, it's essential to check the prices of the precious metals you want to buy. This will help you determine the price you should expect to pay.
  • Place your order: Once you have decided on the type and amount of precious metals you want to buy, you can order online or in person at the Liberty Gold and Silver store. If you choose to order online, you will need to provide your personal information and payment details.
  • Make payment: The next step involves making payment for your precious metals. Liberty Gold and Silver accepts various payment methods, including credit/debit cards, bank transfers and PayPal.
  • Delivery or Pickup: Depending on your preference, you can have your precious metals delivered to your doorstep or pick them up at the Liberty Gold and Silver store. If you choose to have your metals delivered, there will be additional shipping charges.
  • Receive your order: Once your payment is confirmed, Liberty Gold and Silver will process it and ship it to you or have it ready for pickup at their store. It's essential to scrutinize your order upon receipt to ensure it matches and is in good condition.

Selling Precious Metals to Liberty Gold and Silver

Liberty Gold and Silver Review

Selling precious metals such as gold and silver to Liberty Gold and Silver involves a simple process.

Contact Liberty Gold and Silver: The first step is to contact Liberty Gold and Silver over the phone or through their website. You will then be asked to provide some basic information about the precious metals you wish to sell, including the type of metal, its purity, weight and current market value.

  • Receive a quote: After providing the necessary information, Liberty Gold and Silver will give you a quote based on the current market value of your precious metals. The company uses up-to-date market prices to offer you the best price possible.
  • Shipping your precious metals: If you agree with the quote, Liberty Gold and Silver will send you a shipping kit that includes a secure container and a prepaid shipping label. You will then need to package your precious metals securely and send them to Liberty Gold and Silver.
  • Verification and authentication: Once Liberty Gold and Silver receive your shipment, their team will verify and authenticate the precious metals to confirm their purity and weight. This step is crucial to ensure that both parties deal with genuine precious metals.
  • Payment: After verifying the precious metals and confirming their market value, Liberty Gold and Silver will provide you with payment through a check or bank transfer. The payment will be made based on the agreed quoted price and within 24 hours.

Does Liberty Gold and Silver Offer IRAs?

Liberty Gold and Silver Review

Liberty Gold and Silver does not directly offer IRA services as it is not an IRA custodian. However, it allows its clients to convert their existing 401k or IRA accounts into a gold IRA. This means clients can transfer their retirement savings into a gold-backed IRA account, offering more stability and security for their financial future.

Liberty Gold and Silver collaborated with two IRA custodians, Entrust Group Precious Metals and GoldStar Trust Company, to make this possible. These companies offer IRA services and specialize in precious metal investments, making them ideal partners for Liberty Gold and Silver.

By partnering with these IRA custodians, Liberty Gold and Silver can offer clients a comprehensive solution for their retirement savings needs. Clients can benefit from the expertise of these custodians in managing precious metal investments while also taking advantage of the potential benefits of investing in gold for their retirement savings.

Pricing Information

Liberty Gold and Silver’s decision to keep fees private from its website might be disadvantageous. It makes them less competitive than competitors who disclose their fees.

When customers are looking for a product or service, one of the key factors they consider is the price. The fact that Liberty Gold and Silver’s competitors provide clear pricing information on their websites or promotional materials, customers may feel more inclined to choose them over Liberty Gold and Silver. This may lead to a loss of potential customers and a decrease in revenue for this firm.

Furthermore, not disclosing pricing information can create a perception that the company is not transparent or trustworthy. Customers may hesitate to engage with a company that does not provide clear information about its pricing and fees. This can negatively impact the company's reputation and limit its ability to attract new customers.

Customers who are shopping around for precious metals dealers may be more likely to choose a competitor who is transparent about their prices, even if that competitor charges slightly more. By failing to provide this information upfront, Liberty Gold and Silver LLC are limiting its potential customer base and potentially losing business.

Reputation and Ratings

Despite not being accredited by the Better Business Bureau (BBB), it has an excellent A+ rating on BBB. This means the company has a good track record of resolving customer complaints and has met the BBB's accreditation standards.

Apart from BBB, Liberty Gold and Silver is accredited by GATA (Gold Anti-Trust Action Committee) and NCS (Numismatic Conservation Services). GATA is a non-profit organization that works to expose and correct any illegal price manipulation in the gold markets. NCS, on the other hand, provides expert conservation and grading services for collectible coins.

Google and Yelp have also rated the company. Google's rating is based on customer reviews and Liberty Gold and Silver have a 3.5-star rating, which is quite impressive. Yelp is another popular review site, rated 2.5 stars out of 5.

Customer Service

One of the critical aspects of Liberty Gold and Silver's customer service is its responsiveness. The company is known for promptly responding to customer inquiries and addressing any issues or concerns they may have. This level of responsiveness helps customers feel valued and establishes trust in the company.

Another essential aspect of Liberty Gold and Silver's customer service is its knowledge and expertise in the precious metals industry. The company's team of professionals is highly knowledgeable about the products they sell and the market trends and factors that impact the value of precious metals.

This expertise allows them to provide valuable guidance and advice to customers, helping them make informed investment decisions.

Liberty Gold and Silver also offer a variety of resources and tools to help customers navigate the precious metals market. For example, the company's website features a live price chart that updates in real-time, allowing customers to stay up-to-date on the latest market trends.

Additionally, the company provides educational resources such as articles and videos on topics related to precious metals investing.

Pros & Cons of Liberty Gold and Silver

Pros

  • Wide variety of precious metals products.
  • No minimum investment requirement.
  • Free shipping on orders over a certain amount.
  • Secure and insured shipping.
  • Strong customer service.
  • Free shipping for orders above $10,000.

Cons

  • Fees are not disclosed.
  • Not accredited by Better Business Bureau.
  • Few customers reviews despite being in operation for a long period of time.

Using Precious Metals to Protect Your Retirement Savings

Liberty Gold and Silver Review

Precious metals have been considered a reliable and effective means of protecting one's retirement savings for centuries. The value of precious metals such as gold, silver, platinum and palladium, tends to remain stable or increase during economic uncertainty or inflation. This makes them ideal for investors looking to safeguard their retirement savings against market volatility.

One of the key advantages of using precious metals to protect your retirement savings is their physical nature. Unlike digital assets or stocks, precious metals are tangible and can be held in your hand. This makes them less vulnerable to cyber attacks, hacking or electronic fraud.

Additionally, they are not subject to counterparty risk, meaning you don't have to rely on a third-party or financial institution for their safekeeping.

Another advantage of investing in precious metals is their liquidity. Unlike other alternative investments such as real estate or private equity, precious metals can be easily bought and sold globally. This means you can quickly and easily convert your precious metals holdings into cash when needed without any delays or hassles.

For example, let's say you have $100,000 in your retirement savings account and decide to allocate 10% of it to precious metals. You could purchase $10,000 worth of gold bullion or coins, which you can keep in a secure storage facility. If the value of gold goes up by 10%, your investment would be worth $11,000, providing a hedge against inflation and market volatility.

Why Put Gold in Your IRA?

For several reasons, putting gold in your IRA can be a wise investment choice.

  • Diversification: Adding gold to your retirement portfolio can help diversify your investments, reducing the overall risk of your portfolio. This is because gold often performs differently than other assets such as stocks and bonds. Gold prices may be up when stocks are down and vice versa.
  • Hedge against inflation: Gold is often seen as a hedge against inflation, as its value tends to rise in times of high inflation. This can help protect your retirement savings from losing value over time.
  • Haven asset: Gold is considered a haven asset, meaning that during economic uncertainty or market volatility, investors often turn to gold as a safe place to park their money. This can help protect your retirement savings during times of market turbulence.
  • History of long-term growth: Gold has historically increased in value over the long term, making it a potentially profitable investment choice for your retirement portfolio.
  • Limited supply: Unlike paper currencies or stocks, the supply of gold is limited. This means that as demand for gold increases, its value may also increase, making it a valuable addition to your IRA.
  • Tangible asset: Gold is tangible, meaning you can physically hold it. This can provide a sense of security and peace of mind knowing that your savings are held in a physical asset.
  • Portability: Gold is highly portable and easily stored and transported, making it a convenient investment choice for retirement savings.

How to Open a Gold IRA

Opening a gold IRA is a great way to diversify your retirement portfolio and protect your assets from market volatility. Here are the steps you need to follow to open one.

step 1

Choose A Reputable IRA Custodian

The first step to opening a gold IRA is choosing a reliable custodian specializing in precious metals. Some of the top IRA custodians in the industry include Goldco and Noble Gold. Check their reviews, fees and ratings before making a decision.

step 2

Fund Your Account

Once you have selected an IRA custodian, you will need to fund your account. You can transfer money from your retirement account or make a cash contribution.

step 3

Choose A Precious Metals Dealer

The next step is choosing a reputable precious metals dealer specializing in gold bullion, coins or bars. Your IRA custodian can help you find a dealer or you can research on your own. Ensure the IRS authorizes the dealer to sell precious metals for IRA purposes.

step 4

Purchase Gold

After choosing a dealer, you can purchase gold bullion, coins or bars for your IRA. Your IRA custodian will provide the necessary paperwork and instructions to complete the transaction.

step 5

Store Your Gold

Finally, you need to store your gold in an IRS-approved depository. Your IRA custodian can help you choose a depository that meets IRS requirements. Some of the top depositories include Brinks, Delaware Depository and IDS.

Final Thoughts

Liberty Gold and Silver is a reputable precious metals dealer offering investors a wide range of products. The company has been in business for several years and has earned a reputation for providing high-quality customer service. They are known for responding to customer inquiries and offering fair product prices.

However, regarding gold IRA services, there may be better options than Liberty Gold and Silver. While they offer IRA services, they do not specialize in them and may have a different level of expertise than other companies focusing solely on gold IRA services. This can be a concern for investors looking for guidance and advice on how to best invest their retirement funds.

Other companies may be more suitable for investors interested in gold IRA services. For example, our top 5 precious metal companies specialize in gold IRA services and have received high marks from customers for their expertise and customer service.

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!

Leave a Reply

Your email address will not be published. Required fields are marked *