Disclaimer: This article is for informational purposes — not financial advice. Consult a financial advisor related to your personal situation. I may earn commissions from the companies mentioned in this article.
Established in 2009, American Bullion stands out as a prominent player in the precious metals market within the United States. Offering a range of precious metals directly through their online platform, they specialize in facilitating Gold IRAs for customers nationwide.
One of their key distinctions is the pioneering of a streamlined process for setting up Gold IRAs, a model that has since been adopted by numerous competitors.
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Company Background
American Bullion was founded by Orkan Ozkan and Nevtan Akcora, leveraging their extensive experience as commodity brokers. Their vision was to provide investors with a straightforward avenue to safeguard their retirement portfolios against economic volatility through precious metals.
In a noteworthy move in 2013, American Bullion became the first precious metals dealer to embrace bitcoin payments. Additionally, the company has demonstrated a commitment to social responsibility by establishing a Scholarship program aimed at assisting financially challenged students. Their efforts have garnered recognition, with accolades such as the Bullion.Directory “Bullion dealer of the Year” award for both 2017 and 2018.
The founders of American Bullion have been prominently featured and quoted in various media outlets and mainstream financial publications, including Business Insider, MarketWatch, Fox, among others.
Assessing American Bullion: Customer Feedback and Ratings Online
Despite positioning itself as a premier gold IRA dealer, it’s crucial to examine real customer experiences. Here’s a summary of findings from consumer watchdog review platforms:
- A rating from the Better Business Bureau (BBB) and an average 4.64-star rating based on 11 customer reviews.
- AAA rating with the Business Consumer Alliance, with only one complaint over the last three years.
- Trustlink boasts a 5-star average rating from 57 customer reviews, earning American Bullion the “Best of Trustlink” award in 2016.
- Trustpilot indicates a 4.9-star average rating from 199 customer reviews.
- Yelp showcases a 3.3-star average rating from 19 online reviews.
- Yellow Pages reveals a 3-star average rating from 22 customer reviews.
While a few complaints exist against the gold dealer, none appear alarming upon examination. For detailed reviews, you can explore the provided links.
It’s worth noting that American Bullion boasts over a decade of experience and has facilitated millions of dollars in transactions. Given its extensive client base and high transaction volume, encountering some complaints is not uncommon.
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Assessing American Bullion: Pros and Cons
What stands out positively about the company? American Bullion earns acclaim as a reputable and long-standing player in the precious metals sector. With a tenure of over a decade, they have amassed a track record of glowing reviews from satisfied clientele nationwide.
Moreover, they hold memberships in esteemed organizations such as the National Ethics Association (NEA), ICTA (an industry watchdog), and the Professional Coin Grading Service (PCGS). Additionally, they are recognized as a dealer by both the U.S. Mint and the Royal Canadian Mint. Their extensive experience is evident through millions of dollars worth of transactions in Gold IRAs and home deliveries.
Compared to competitors, American Bullion boasts a modest fee structure and business costs. Furthermore, the company stands out for its generous buyback program.
Critiques of American Bullion
Our critique is rather minimal. While we uncovered a handful of online complaints, it’s not unexpected for a company with over a decade of operation and a vast customer base across the U.S. These complaints primarily revolve around communication issues with account representatives.
When engaging with this gold dealer, you’re likely to encounter a positive experience. However, it’s prudent to ensure all inquiries are addressed before committing to any investment. Obtaining written documentation detailing fees, costs, and metal prices minimizes the potential for misunderstandings, especially in phone-based interactions.
Furthermore, consider reaching out to multiple dealers and thoroughly comparing offerings before making investment decisions. While American Bullion enjoys a strong reputation with numerous satisfied customers nationwide, exploring alternative asset dealers ensures informed financial choices tailored to your needs.
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