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Boston Bullion is a highly regarded precious metals dealer in the New England area, known for its extensive range of gold, silver, and platinum products.
With many years of experience, Boston Bullion has built a strong reputation for delivering quality products and exceptional customer service.
Exploring their offerings and comparing them to other dealers in the industry reveals the standout features that set Boston Bullion apart.
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About Boston Bullion
Boston Bullion is a well-known precious metals dealer. They've been around for a long time and have a reputation for producing high-quality products and outstanding customer service.
Gold, silver, and platinum are just a few of the precious metals available from Boston Bullion. If you're thinking about investing in precious metals, Boston Bullion is a reasonable place to start.
Boston Bullion was established in 2006 in Boston, Massachusetts. Since then, they've been offering customers high-quality precious metal items and services.
Boston Bullion is a member of the Better Business Bureau and one of the few precious metal dealers to be accredited by the organization.
Boston Bullion is also a member of the American Numismatic Association, which is an organization dedicated to the study of coins, currency, medals, tokens, and related objects from all cultures throughout history including the present time.
In addition to precious metals, Boston Bullion offers a variety of services, such as storage and shipping. Boston Bullion offers free shipping on all orders over $99, and they offer a variety of payment options, including credit cards, PayPal, and bank wire transfers.
How to Sell Your Precious Metals to Boston Bullion
Boston Bullion is always looking to buy precious metals from individuals, companies, and estates. They offer a variety of payment options, including cash, bank wire transfer, and check.
You can take them up on their offer of free shipping for orders above $99.
If you are interested in selling your precious metals to Boston Bullion, you can contact them by phone or email, and they will give you a quote based on the current market value of the precious metal.
The first step in selling with them is to fill out and submit a seller's kit. Boston Bullion will then contact you to schedule an appointment.
At the appointment, they will evaluate your precious metals and make you an offer based on the current market value of the precious metal. If you accept their offer, Boston Bullion will pay you in cash or wire transfer the funds to your bank account.
Boston Bullion Products
Some of the products offered by Boston Bullion include:
Gold
Silver
Platinum
Palladium
Silver Bullets
Precious Metals IRA
Boston Bullion offers a precious metals IRA that allows you to invest in gold, silver, platinum, and palladium. Setting up a Precious Metals IRA with Boston Bullion is simple and easy. You can open an account online or by calling their toll-free number.
The first step is to choose a custodian for your account. Boston Bullion offers self-directed and full-service options.
The next step is to fund your account. Boston Bullion accepts a variety of funding methods, including cash, check, credit card, and bank wire transfers. Once your account is funded, you can begin investing in precious metals.
What is a Self-Directed IRA?
A Self Directed IRA is an IRA that allows you to invest in a wider range of assets, including precious metals. With a self-directed IRA, you have control over your investment choices and can choose from a variety of custodians.
Boston Bullion offers both self-directed and full-service options for precious metals IRAs.
How to Fund a Precious Metals IRA
Investors can contribute to a new IRA or rollover cash from an existing IRA. Contributions can be made by bank wire or transfer. If you currently have an IRA or 401K, a straight rollover is the simplest way to start a new precious metals IRA.
Because this is a qualifying transfer, you can rollover or transfer any amount without penalty. Direct rollovers are available for all IRAs (Standard, Roth, and SEP).
Boston Bullion offers both segregated and non-segregated storage options. Segregated storage means that your metals are stored separately from other clients' metals. Non-segregated storage means that your metals are stored with other clients' metals.
You can view your account balance and transactions online 24/7. Boston Bullion sends monthly statements to all account holders.
You can choose to take physical possession of your metals at any time. Boston Bullion will ship the metals to your address of choice. There are no penalties or fees for taking physical possession of your metals.
Boston Bullion can also help you roll over your retirement account into a precious metals IRA.
Reasons to Own Gold
When the cost of living goes up, the value of gold increases over time in response.
It can be used to purchase goods and services in any country.
It can be easily transported and divided into smaller units.
There is a limited supply of gold globally. Bureaucrats can't create trillons of units of gold with a keystroke.
It does not corrode, is not affected by most chemicals, and can last indefinitely.
Why Put Gold in Your IRA?
Individual Retirement Accounts (IRA) protect your retirement as well as your family's financial security.
These special accounts allow you to set aside tax protected savings that you can use in the future.
With these long term accounts it's important to allocate a significant portion to assets that are solid and reliable, so you have a worry-free retirement.
You can have cash in an IRA, but that is devaluing at a rapid pace and inflation is out of control.
You need an asset that's dependable, retains it's value, and even increases in value over time, and there is no better asset for this than gold.
With the world's economy struggling through lockdowns, shortages, wars, and inflation, uncertainty has never been higher and investors are protecting themselves by placing physical gold in IRA's.
A gold IRA investment prospers from these crisis that negatively affect most other assets.
Risk is knowing the economic dangers and doing nothing to protect yourself and your family.
Safety is knowing the economic dangers and taking action to protect your financial future, and this easy to do with a gold IRA.
Brokerage Fees
Boston Bullion charges a fee of $49.95 per trade. The fee is charged when you buy or sell metals.
Difference Between Spot Prices and Bullion Premiums
The spot price of gold is the current market price. The bullion premium is the fee charged by Boston Bullion for buying or selling gold. The premium is based on the spot price plus a mark-up. The mark-up covers the costs of storage, shipping, and insurance.
Boston Bullion Reviews
Boston Bullion generally has positive reviews. Customers appreciate the company's customer service, low prices, and fast shipping. Some reviewers mention that Boston Bullion is a great place to buy gold and silver.
Others say that Boston Bullion is a great way to invest in precious metals. Boston Bullion has an A+ rating with the Better Business Bureau. The BBB has accredited the company since 2014. Boston Bullion has one negative review on the BBB website.
On another review a customer alleges that Boston Bullion did not ship their order on time. Boston Bullion responded to the complaint and resolved the issue.
Boston Bullion has a four-star rating on Yelp. Customers appreciate the company's customer service and low prices. Some reviewers mention that Boston Bullion is a great place to buy gold and silver.
Any business that has been open for a while will have a mix of reviews, so this is normal.
Economic Conditions
Market events can affect bullion premiums at all levels, from local to global, depending on their size and relevance. For example, in a place with only one-coin shop, the dealer may raise premiums to avoid running out of stock.
In places where the local currency rapidly loses value some people may choose to buy bullion to protect their savings. This translates to increased insurance costs.
Premiums rise in global crises such as the 2008 Financial Crisis as demand rises and options become restricted.
Every seller incurs costs such as time, overhead, and payment processing fees on each transaction. A single transaction for 1 Oz of gold could cost the same as a 1000 Oz transaction for a seller.
As a result, the costs of transactions involving larger amounts of bullion are spread out. As a result, premiums on small-volume purchases are greater, while premiums on large-volume sales are cheaper per oz.
Is Boston Bullion a Scam?
No, Boston Bullion is a reputable retailer of gold and silver. Burlington, Massachusetts is the company's headquarters. Boston Bullion is an A+ rated member of the Better Business Bureau. The American Numismatic Association is also counts Boston Bullion as a member.
Pros and Cons
Pros
Cons
Conclusion
Boston Bullion has been in business since 2006 and has an A+ rating with the Better Business Bureau. Boston Bullion ships orders within one business day. The company offers a money-back guarantee if you are not satisfied with your purchase.
The company's website is not as user-friendly as some other gold dealers, but Boston Bullion makes up for it with its low prices and great customer service.
At the same time, for orders above $99, you get free shipping services, in which you can track the progress of your merchandise.
Boston Bullion is a legitimate gold and silver company, but we do not recommend them. They aren't a scam, but they are not the best choice for gold investments and certainly not IRA's, like other companies we have written about on this website.
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Or, if you like what you have read about Boston Bullion, you can go to their website below:
I started BMOGAM Viewpoints as a way to compile all my views on investing in one place. I own my home, have some real estate, and own a few stocks like most people, but what really drives my interest in investing is I have a strong love of precious metals, especially gold.
