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With a volatile stock market and an unstable government, more and more investors are turning to precious metals to add stability and diversification to their investment portfolios.
Gold has historically been stable even during times of economic upheaval. It is often relied on as a hedge against inflation. Seasoned investors prefer actual, physical gold over gold ETFs, gold receipts, or gold mining stocks.
As you were searching for the best precious metal company to work with in buying gold or silver bars and coins for your gold IRA, you have probably come across Liberty Gold and Silver.
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Liberty Gold and Silver Background
Liberty Gold and Silver is an online broker of precious metals. They offer competitive prices on metals such as gold, silver, palladium, platinum, iridium, ruthenium, and rhodium. They strive to provide the highest level of client services in the industry.
They are committed to educating their clients on all things related to precious metals so they can make informed decisions about their investments.
They have a policy of tailoring their services to the needs of the customer so each one can customize their purchase to exactly what they want.
Liberty Gold and Silver takes pride in offering the broadest range of services of any precious metals dealer in North America. They are available 24/7 to answer your questions, provide consultation, and help you with orders.
They can often guarantee price locks after business hours or on weekends on many orders. They can help fund your precious metals IRA and private pension plans. They provide storage of precious metals offshore.
They provide shipping around the world, a finance program for gold and silver, and the purchase of jewelry, coins, and bars. The company once had a physical location in downtown Portland, Oregon. Currently, they operate only as an e-commerce business.
Liberty Gold and Silver deals in all denominations of precious metals from major governmental and private mints that are recognized around the world. For orders of a large volume, they offer generous discounts that are unmatched in the industry.
Products and Services
Unlike many online brokers that only offer one kind of service, Liberty Gold and Silver has a reputation for offering a wide range of services. This is why they are known in North America for their customer service.
Clients that see a variety of services relating to precious metals would not be disappointed by the service options that they get. These are the most popular services that the company provides:
Clients like the convenience of getting multiple types of services under one roof so they would not have to move around to different brokers to get them. This allows services to have a consistent standard.
They are also one of not many companies that offer products in iridium, ruthenium, and rhodium.
What is Rhodium?
Rhodium belongs to the group of six Platinum Group Metals (PGMs). It is a metallic element with a silver-white color. It is impervious to corrosion and is highly reflective.
Among the other precious metals in the world, it is considered the rarest, even rarer than gold and platinum. Rhodium is used mostly in cars' catalytic converters. It reduces the number of nitrogen oxides that emit as exhaust into the air.
What is Ruthenium?
Ruthenium is another precious metal in the platinum metal family. Its shine has a similar appearance to platinum, but the molecular properties are different from platinum. It is rarer and harder than platinum, but it is more brittle at the same time.
The metal has a high melting point. Because it is also brittle, casting it is difficult. It is useful for hardening palladium. When used with rhodium, this property is enhanced.
What is Iridium?
On the periodic table, iridium is in the section for transitional metals. It has an atomic weight of 77, and it is the second highest in density. The metal is non-corrosive, even at extremely high temperatures.
In solid form, iridium has a silvery-white color similar to platinum. Iridium also has a high melting point. At low temperatures, it becomes a superconductor. It is not easy to mold. To form it, the metal in powder form is used.
Scientists believe the Earth's core is rich in iridium because of the metal's propensity to binding with iron. The metal is commonly mined in China and Russia along with other types of transitional precious metals.
Using Precious Metals to Protect Your Retirement Investments
In 1997, Congress passed the Tax Payer Relief Act that allowed investors to purchase specific kinds of precious metals for their retirement investments. If you have a 401k from a former employer, you can just roll it over to a self-directed IRA.
If you have an IRA that is not self-directed, you can transfer it to a self-directed IRA custodian. From there, you give instructions to the custodian to buy certain gold and silver bullion for your self-directed IRA account.
This is easy to do, and it can be done in just several days. By doing so, you can protect your investment assets with silver and gold and keep them in a tax-deferred account with no penalties.
What Exactly is a Precious Metals IRA?
This is a tax-deferred retirement account that lets you invest in precious metals. You are not taxed on the money you invest during the tax year. You only pay taxes on it when you withdraw your funds after you retire.
The main advantage of investing in a tax-deferred IRA is that you do not pay income taxes on the money that you invest during the same year. When you withdraw the money after you retire, then you pay taxes on the distribution.
This is a safe and conservative approach to saving up for retirement.
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 secure and 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 is easy to do with a gold IRA.
Custodians for Precious Metal IRAs
Liberty Gold and Silver partner with two reputable precious metals IRA custodians. They are The Entrust Group Precious Metals Center based in Reno, Nevada, and GoldStar Trust Company based in Canyon, Texas.
Both firms have extensive experience as seasoned custodians of precious metals IRAs. They offer exceptional service at affordable fees. Liberty Gold and Silver is a registered dealer for both of these companies.
Referral Program
Liberty Gold and Silver offers a unique referral program that is the most generous in the industry of precious metals.
The purpose of the referral program is to reward their clients, the readers of their website, newsletter, and blog, and their social media fans for their referral of new clients.
There are currently no other precious metals dealers that offer a referral program. On top of that, Liberty Gold and Silver will pay up to 50% of the net profits on sales that were generated by referrals.
To anyone who refers a paying customer to them, Liberty Gold and Silver will pay them a finder's fee that ranges from 30% to 50% of the net profits from a sale that is made to the referred client.
The referrer will not only get a finder's fee for the first sale, but he will get the same percentage for all sales that the new client makes in the future. There is no time frame, and there is no limit on how many sales you can be rewarded.
Shipping Procedures
When Liberty Gold and Silver get confirmation from the bank that your funds have been received, they will release your order for shipment.
When you purchase Liberty Gold and Silver, your order will most likely be shipped within seven business days after there is confirmation of your funds.
However, depending on their inventory, sometimes your order can be shipped within one to three business days. The company strives to process orders quickly.
In most cases, you should receive your products no later than 14 business days from the day you receive confirmation of your funds. When the precious metals market is volatile, it can affect supply. Shipments can be delayed.
Therefore, the company cannot guarantee shipping times.
For orders of rhodium products, delivery times are two to four weeks.
When the product is shipped, Liberty Gold and Silver will send you a shipping confirmation email that will have a tracking number from UPS or FedEx. You can monitor the progress of the shipment on their website.
They use either insured UPS, USPS Insured Register-Mail, or in certain cases, FedEx-insured ground delivery. For high-value items, these shipping methods are the safest approach. The shipment is monitored closely until it reaches your destination.
If you are not at the location to receive your packages, the package will be held at the local post office or UPS shipping center. Both carriers will leave you a notice stating the date and time of the attempted delivery.
They make three delivery attempts, after which they will keep the package securely at the post office or UPS shipping center until you can pick it up and sign proof of delivery.
Liberty Gold and Silver pay for your shipping charges for standard orders. This does not include overnight delivery. On orders that are considered non-standard, like orders smaller than the minimum stated, you might have to pay for shipping.
Liberty Gold and Silver pay insurance on all standard orders. For non-standard orders smaller than the minimum, you would have to pay for insurance.
Storage Offshore
Liberty Gold and Silver partnered with Transcontinental Depository Services to offer offshore storage for your precious metals. The storage program is completely segregated for bullion and coins in gold, silver, palladium, and platinum.
It comes with the maximum level of security along with insurance protection, and exceptional account management that is unmatched anywhere else.
This offshore storage program was created as a response to the clients' demand for more diversification for storage facilities in international locations.
Because the political and economic environments in the U.S. continue to be unstable, savvy investors recognize that there needs to be another way to protect their wealth.
One of these approaches is to store a part of their financial assets in a secure offshore location. Transcontinental Depository Services provides comprehensive depository services. Security is second to none.
They provide excellent service and physical access to your precious metals holdings. Your assets are fully insured and are held in the tightest custody. They are guarded by security companies that are considered one of the best in the world.
Is Liberty Gold and Silver a Scam?
No they are not a scam, the business is legitimate. Although the company is not accredited by the Better Business Bureau, it does have an A-plus rating. There are no indications of any customer complaints on this company as listed on BBB.
In Google Reviews, the rating is average. Reviews that were more descriptive and comprehensive all say that the customer service was terrific. There are no bad points that stand out, but there are also areas that it can improve.
Therefore, when you are looking for a precious metals company that can help you with your self-directed gold IRA, you might want to review what other IRA companies are offering before you decide to go with this one.
Compare their features against each other. Note the positives and negatives, and see which one is the best fit for your requirements.
Conclusion
This company is a legitimate precious metal investment company. Overall, it has good qualities. The reviews are encouraging, but there are few of them.
You should compare their features to those of other precious metals companies to determine which one fits your needs the best.
Most important of all, you should choose a company that has earned your trust and which you are comfortable working with.
While we think that Liberty Gold and Silver is an ok company, they are not a scam, but they are also not the best if you're looking for a gold dealer to invest in precious metals or to set up an IRA with them, there are much better options for investors.
You can get a Free Gold Investors Guide from our top gold and precious metals company recommendation by clicking the link above or you can read our article of the top companies we reviewed this year:
>> CLICK HERE to read our list of the top gold investing companies. <<
Or, if you like what you have read about Liberty Gold and Silver, you can go to there 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.
