Scottsdale Bullion & Coin Review
Investors today are not just worried about growing their principal, but also about protecting it. The volatile stock market has been responsible for many people losing large chunks of their portfolio – and the closer people are to retirement, the harder it can be to gain those lost funds back.
Many investors have been turning to gold and other precious metals as a strategy for both steadily growing funds, but also as a way to hedge against inflation, and to keep their portfolios safe against the market’s ups and downs.
Prior to moving forward with a precious metals strategy, it is essential to know the company that you’re working with. This is because the metals you purchase should ideally be bought from a dealer that sells high quality product, and that can guide you towards the products that can best get you to your financial goals.
One company that meets that criteria is SBC Gold. SBC Gold – which actually stands for Scottsdale Bullion and Coin – is headquartered in Scottsdale, Arizona. The company has a focus on educating investors on the benefits of gold and precious metals investing, as well as in investment grade coins.
Products Offered By SBC Gold
Scottsdale Bullion and Coin offers a variety of gold and silver coins, as well as other products for investors. These include a number of metals items that are eligible to be included inside of a precious metals IRA account.
Some of the company’s top selling items include:
American Gold and Silver coins such as the American Eagles, American Buffalos, Liberty coins, and Indian Heads
Canadian Gold and Silver coins such as the Canadian Maple Gold and Silver coins
Austrian Gold coins
Chinese, South African, and Australian Gold coins
In addition to selling gold and other metals products, SBC Gold may also purchase products from investors. The company often buys gold, silver, platinum, and palladium. Advisors will evaluate coins and then present an honest offer for purchase on the items that the company is interested in purchasing. Many of these items are then re-sold by SBC Gold to their clients.
Storage and Delivery
SBC Gold offers two different options for the storage of their client’s precious metals. One option involves the metals to be sent directly to the manager of the precious metals IRA account. With this option, the manager of the IRA can then choose how and where to store the metals.
With the other option, the metals can be stored in a national storage depository. SBC Gold works in conjunction with Delaware Depository Service Company (DDSC). When metals are purchased via SBC Gold, they will be sent directly to DDSC when this option is chosen.
If an investor opts to keep metals at their home or in their own bank safety deposit box, the item will typically be shipped out and delivered within seven days of receipt of good funds.
How to Open an IRA Account Through SBC Gold
SBC Gold has made the process of setting up a self-directed IRA account easy. Investors can follow through the steps that are listed on the company’s website. There are two IRA options that can be chosen through SBC Gold. These are:
Gold IRA – With a Gold IRA, an investor can designate gold investments into an IRA account. Any Roth, SEP, or Traditional IRA account can house a list of eligible precious metals investments.
Silver IRA – With a silver IRA, an investor can include 1 ounce silver U.S. coins, along with a limited number of Royal Canadian minted coins.
The first step in the process is to select which type of IRA to open. Once the account is opened, it must then be funded. This can be done by depositing funds directly into the account and / or by rolling funds over from an existing IRA and / or 401(k) account.
After the IRA account is funded, precious metals can then be purchased in the account. Precious metals advisors at SBC Gold are available to assist investors in determining which metals may be best for this specific situation.
SBC Gold’s Customer Service
When working with SBC Gold, investors can contact a customer service rep to ask questions and / or to get assistance with any concerns. If in the local Scottsdale area, the company has business hours in which individuals can make a visit to the physical location.
Customer service reps may also be reached via toll-free phone line. Business hours for visits and / or calls are Monday through Friday between 8:30 a.m. and 5:00 p.m. Mountain time, and on Saturdays by appointment. There is also a form that is located on the company’s website. This may be filled out with a question or concern, along with a request to be contacted by a representative.
SBC Gold provides a lot of education directly on its website, too. For example, site visitors can learn a great deal about why gold and other precious metals are important by reading “Investing 101: Beginners Guide to Gold and Silver.” This section of the company’s website provides details on what precious metals are, as well as on coin grading, how to get the best price for your coins, understanding the spot price of gold, and common ways to invest in gold.
The company also offers a free investor’s guide titled, “Exposure Report: Negative Interest Rates.” This guide can help investors learn all they need to know about investing in gold and other precious metals.
SBC Gold has been an accredited company with the Better Business Bureau (BBB) since March 13, 2012. The company has been given a grade of A+ by the BBB. Over the past three years, SBC Gold has closed three complaints through the Better Business Bureau. These have all focused on issues dealing with the company’s advertising and / or sales.
The company is also an authorized dealer through the PCGS (Professional Currency Grading Services). It is affiliated with the ICTA (Industry Council for Tangible Assets) and is a Numismatic Guaranty Corporation Authorized Dealer.
The Bottom Line
For investors who are seeking different alternatives in their precious metals IRA investing, SBC Gold could be a good option. This is because the company provides more than just one choice when it comes to self-directed IRA accounts.
In addition, the company is highly rated by the BBB, and it offers a great deal of education in terms of the how’s and why’s of precious metals investing. This can help investors to achieve their ultimate financial goals with these financial vehicles.