American Bullion Review: Pros & Cons, and Alternatives

American Bullion offers IRS-approved precious metal IRA accounts. Take a look at our American Bullion review to learn more about this company and its retirement products.

Services: Precious metals IRA, buy and sell bullion
Minimum investment: $50,000
Fees: $75-$290/yr (custodian fees)

Pros

• Been in business over 10 years
• 1,000’s of 5-star customer reviews
• Industry competitive fees
• Excellent customer service

Cons

• No online purchase available
• $50,00 minimum for IRAs

About American Bullion

American Bullion, Inc. is a U.S.-based precious metal dealer and investment company. Founded in 2009, this company quickly established itself as a leader in the gold IRA rollover market.

Founder and CEO Orkan Ozkan and Co-Founder and President Nevtan Akcora have extensive backgrounds as commodity brokers. Their mission is to make investing in precious metals transparent and accessible to everyone.

By facilitating the process of purchasing gold bullion and silver coins, American Bullion hopes to help investors create a hedge against inflation and diversify their investments.

Services

The 1997 Taxpayer Relief Act introduced the possibility of investing in physical precious metals as part of a retirement portfolio.

However, the IRS set strict requirements regarding the gold and silver coins and bars that investors can select as well as their storage.

American Bullion offers individual retirement accounts that aim to meet IRS requirements for storage.

Gold IRA

American Bullion’s Gold IRA product is a retirement account that gives you direct exposure to gold coins and bullion. This account is technically a self-directed IRA, but you’ll get help from precious metal specialists who oversee the process of purchasing and storing physical assets.

Instead of choosing bullion coins for their numismatic characteristics or for their value as collectibles, American Bullion allows you to invest in IRA-approved coins, including the American Eagle, Canadian Maple Leaf, Austrian Philharmonic and Australian Kangaroo as well as some gold bars with a fineness of 99.9%.

Silver IRA

American Bullion offers additional types of precious metals IRAs. If you decide that an American Bullion’s gold IRA account isn’t a good fit for your investment goals, you may be interested in opening an accredited silver IRA instead.

Silver is an alternative worth considering since it comes with a lower entry price. Plus, this commodity gives you exposure to the industrial market.

Fees & Minimum Investment

Precious Metals IRA Transactions

Set-up Fee	$50
Maintenance Fee	$95 per year
Storage Fee	$150 per year
Minimum Investment	$50,000

Non-IRA Transactions

Storage Fee	$150 per year
Minimum Investment	N/A

Who Should Use American Bullion?

Gaining exposure to precious metals is a smart move. However, few traditional investment vehicles give you direct exposure to physical assets, and investing in the commodity market can be challenging due to high volatility.

Any investor who is looking for a way to create a hedge for their portfolio with tangible assets should consider American Bullion.

This company is a good fit for anyone who wants an easy and accessible way of investing in gold, silver, palladium or platinum.

Getting Started with American Bullion

American Bullion stands out from other gold IRA companies by offering a straightforward setup process.

Here’s how you can get started:

1. Fill out an online form with your name and contact information to receive a free gold buyers’ guide.
2. Read this guide and use outside sources to conduct your due diligence before deciding if investing in precious metals is right for you.
3. After you fill out American Bullion’s online contact form, you’ll hear back from an IRA specialist. You’ll be able to ask questions, find out what to expect the first time you invest in gold and get a better idea of how precious metals fit with your investment goals.
4. If you decide to go ahead and open an IRA with American Bullion, you’ll receive some IRA forms to complete.
5. Next, you’ll be able to start funding your new retirement account by setting up a wire transfer.
6. American Bullion will use the funds to purchase precious metals on your behalf and store the coins or bullion in a secure facility.
7. You’ll receive regular updates regarding your assets, including performance reports.You can wire more funds and set up regular contributions to keep building your account within the yearly IRA contribution limit.

American Bullion Reviews

The team at American Bullion is so knowledgeable when it comes to buying gold. They answered all my questions and were so polite. Thank you.

Sammy C., Verified Google Customer

In these tough economic times, it is refreshing and encouraging to work with a business that I could trust and know that they had my best interests in mind. They also made the process of selling my precious metals fast and as easy as possible. Thank you American Bullion for your help and expertise.

Douglas Y., Verified Trustpilot Customer

Should I Invest with American Bullion?

After researching gold IRA companies for our American Bullion review, we recommend this company because of the clear and straightforward process for opening a new account or rolling over an existing retirement account.

There are few negative American Bullion reviews on the Better Business Bureau website for this company, and you can find several great customer reviews on sites such as TrustPilot, and TrustLink.

After reading our American Bullion review, do you think this company could be a good match for your retirement goals? If so, fill out their online form.

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