Today’s investor who is looking for ways to diversify is finding the solution in gold and other precious metals. These financial vehicles have actually been around for thousands of years – and they are still providing the opportunity for growth, as well as a hedge against inflation – without all the constant volatility of the stock market.
Purchasing gold and metals inside of an IRA (Individual Retirement Account) can add even more positive movement to a portfolio, as this can offer tax-deferral that can essentially allow for exponential growth over time.
When implementing precious metals strategies into your investment portfolio, it is important to be sure that the company you are working through offers a well diversified array of products, as well as experienced advisors who can walk you through the process.
BGASC is a company that fits that description. This precious metals dealer actually traces its roots back to 1965. One of its founders, an early coin collector himself, has been actively studying and working with coins for more than 50 years.
Forming BGASC, which stands for Buy Gold and Silver Coins, more than a decade ago, the company stocks a substantial selection of gold and silver coins, as well as many other metals items for both investors and collectors. Today, BGASC has grown to be one of the largest coin and bullion dealers in the U.S. The company is located in Northern California.
Products Offered By BGASC
BGASC offers bullion coins and bars, as well as additional coin options for sale. The company sells a wide variety of gold coins and bars, including gold and silver bullion, proof, and uncirculated coins, as well as NGC or PCGS Certified investment coins.
It also sells some of the world’s most rare platinum coins, and palladium options – which is a metal that is heavier than gold, and is virtually impossible to corrode with chemicals. This metal has become very popular over the years as a form of bullion bars and coins.
As a company that specializes in coin collectibles, there is also a variety of additional coins available, such as:
90% Silver Coins
Pre-1933 U.S. Gold
Dimes and Half Dimes
Mint and Proof Sets
Hobo Nickels and Carved Coins
Additional supplies are also sold by BGASC, such as coin holders and flips, coin and bar storage boxes, and other types of accessories for collectors.
When purchasing metals, BGASC accepts several different types of payment, including credit / debit cards, paper checks, and bank wire.
BGASC may also purchase gold and silver, as well as certain other metals items, from individuals. The company may be contacted in order to initiate a potential trade or sale. BGASC lists items on its website that it may be interested in purchasing at any given time.
Storage and Delivery
Orders from BGASC will typically ship out the next business day. The company currently ships to the U.S. and Canada. However, orders are not shipped to mail drop locations or to third party private postal boxes such as the UPS Store or Mailboxes Etc. unless payment is made by bank wire.
Shipping is usually done via the U.S. Postal Service through First Class mail, Priority mail, or Express mail – depending on the value of the order, as well as the total weight. However, there may be instances where Monster Boxes and certain other items will be shipped via Federal Express or UPS.
Orders of less than $250 are charged a rate of $5.95 for shipping. Orders of $250 and over are free to the customer in the United States. Shipping rates to Canada will be based on the weight and the volume of the order. (Note that BGASC does not ship to the state of Minnesota).
While customers have the option of keeping their metals at home or another location of their choosing, they may also opt to store them via one of BGASC’s preferred precious metals depositories. These include:
International Depository Services
How to Open a Precious Metals IRA Account
Opening a precious metals IRA account is easy through BGASC. The process can be initiated on the company’s website by viewing the information that is necessary. The first step in the process is to select one of the BGASC preferred partner custodians. These include:
GoldStar Trust Company
New Direction IRA, Inc.
Self Directed IRA Services, Inc.
After the account has been opened, it must then be funded. This can take place by directly depositing money into the account – up to the maximum annual amount each year – and / or by transferring or rolling over funds from an existing IRA and / or 401(k) plan. Investors may also do both.
Once the account has been funded, a BGASC account advisor can work with the investor to help in determining which metals may be best for the investor’s specific financial goals. The metals can then be purchased for the account.
BGASC Customer Service
The customer service representatives at BGASC are available to help investors with their metals buying decisions, as well as to answer any question or concern that they may have. Live reps are available via toll-free telephone Monday through Friday between 7:00 a.m. and 4:00 p.m. Central time, and between 7:00 a.m. and 2:00 p.m. on Friday.
Representatives may also be emailed. There is also a Quick Contact Form that is available on the company’s website. This form can be filled out by a client or potential customer and a representative can then contact the individual in return.
Company Ratings and Grades
BGASC has recently become accredited with the Better Business Bureau (February 2016), and it has been given a grade of A+ by the BBB. Over the past three years, there have been no complaints through the Better Business Bureau regarding BGASC.
At this time, BGASC is not currently affiliated with the Business Consumer Alliance (BCA) or with TrustLink. Therefore, there are no ratings or grades to show from these organizations regarding BGASC.
The Bottom Line
Prior to doing business with any financial or investment related company, it is always wise to review its past reputation and customer testimonials, as well as the products and services that it offers.
BGASC appears to offer a nice selection of products, and while it is not affiliated with some of the industry rating agencies, it has a good grade through the Better Business Bureau. With no real negatives to show, BGASC could be a good option for those who are seeking a place to pursue gold IRA investing.