- 26 May 2023
- Bonds
- Precious Metals
- Comments: 0
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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.
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Currently our #1 recommendation is offering up to $10,000 in free silver!
Liberty Gold and Silver Background
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 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:
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.
Selling Precious Metals to Liberty Gold and Silver
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.
Does Liberty Gold and Silver Offer IRAs?
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
Cons
Using Precious Metals to Protect Your Retirement Savings
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.
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.
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.
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.
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.
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.
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!