Although the stock market has performed strongly in 2024, the market has been more volatile over the past few weeks, with the S&P 500 down since the start of July. With rising unemployment, more people are concerned about a possible recession. As a result, many are looking for alternative investments, such as gold.
With a self-directed individual retirement account (IRA), you can invest in gold for your retirement but choosing a reliable and reputable provider is critical. Silver Gold Bull is one of the best gold IRA companies in the industry. In this Silver Gold Bull review, learn about the company’s investment minimums, gold products, and fees.
Silver Gold Bull
| Account minimums: | $0 |
| Better Business Bureau (BBB) rating: | 4.5/5 |
| Approximate spread on American Eagle Gold 1-ounce coin: | No |
Silver Gold Bull services
Silver Gold Bull provides the following services:
- Gold IRAs: Through Silver Gold Bull’s gold IRAs, you can open a tax-advantaged retirement account and invest in gold coins and bars.
- Precious metals IRAs: Besides gold, Silver Gold Bull also allows investors to invest in other precious metals in a self-directed IRA, including silver, platinum, and palladium.
- Direct-to-consumer precious metals: If you’d rather purchase gold outside of a retirement account, Silver Gold Bull also offers direct purchase options.
- Collectibles: While Silver Gold Bull is known for its precious metals, customers can also shop for collectibles, such as film collectibles. Through Silver Gold Bull, customers can purchase Continental coins from the “John Wick” franchise, coins inspired by Marvel movies, and more.
How Silver Gold Bull fees work
Silver Gold Bull lists the cost of coins and bars on its website, so you can get the latest pricing. However, it doesn’t publicly list its fees for gold or precious metals IRAs nor does it list custodian storage fees.
The only way to find out more information about its fees is to submit your personal information and talk with a customer service representative.
Silver Gold Bull’s consumer reviews
Silver Gold Bull has exceptional reviews, and it has a higher number of reviews than most companies. Its rating with the BBB is 4.5 out of five and, on Trustpilot, it has a TrustScore of 4.8 out of five based on over 4,000 reviews, giving it the “excellent” distinction.
Customers say the company is trustworthy and reliable, and they say the customer support staff is helpful. As one review said:
“It was very simple, trustworthy, and fast. Every time. Silver Gold Bull is my choice for precious metals, bullion, and coins, and I have been buying from them for over 10 years.”
How to open a Silver Gold Bull account
To open a gold IRA with Silver Gold Bull, follow these steps:
- Fill out a form: You can fill out a form online to set up a phone call with a Silver Gold Bull representative. The form asks for basic details, including your name, email, and phone number.
- Set up a call: During the scheduled call, the Silver Gold Bull specialist will walk you through the process of setting up a self-directed IRA and choosing your metals.
- Fund your account: Next, you’ll have to fund your account, either by transferring an existing retirement account or depositing new funds. The specialist will ask for these details to transfer the money.
- Choose your metals: When you’re ready, select which coins or bars you want to invest in and place your order. The Silver Gold Bull specialist will handle the transaction for you, and they will also coordinate storage at an approved depository.
Silver Gold Bull alternatives
Although Silver Gold Bull is a major gold IRA provider and precious metals dealer, it’s not the only option you have. Other leading companies include Allegiance Gold and JM Bullion.
Silver Gold Bull has been in operation longer than either of those companies as it was launched in 2009. Unlike Allegiance Gold, it doesn’t have an account minimum for IRAs, so you can start investing with a smaller amount.
However, Allegiance Gold and JM Bullion are more technologically friendly than Silver Gold Bull, and both are more transparent about their fees and pricing.
The takeaway
Silver Gold Bull reviews highlight the company’s low account minimum requirements for its gold IRAs, and customers praise the company’s customer service. However, the company isn’t as transparent as other industry leaders about its pricing and fees, and it doesn’t have the technology or features that other companies have, so do-it-yourself (DIY) investors may be better off with other companies.
Regardless of which company you choose, remember that diversification is key. Investing is relatively safe investment vehicles and focusing on long-term performance can help you grow your money over time.