When you call a gold company to discuss their services, have our checklist ready to hand.
Use our 10-point gold company checklist to help you ask all the right questions.
Download a PDF version of the checklist by click on the icon below:
Print off the checklist to have it by your side when you call a bullion dealer.
|Questions to ask a Gold Bullion Dealer|
|Do they specialize in bullion bars and coins? You are not looking for a dealer in historic or collectible coins (this is a completely different market).|
|Can they supply gold bullion and coins approved for a gold self-directed IRA? (not all bullion and coins are approved by the IRS).|
|Do they have a dedicated team to manage the set up of a gold IRA for you? You want just one point of contact to help you with your IRA rollover.|
|Do they have they good standing with the following online business monitoring services?
- A current A+ rating with the Better Business Bureau?
- Consistent 5 star customer reviews at Trustlink.org?
- A "AAA" rating with the Business Consumer Alliance?
|Can the bullion dealer organize segregated, allocated storage for your gold with a globally recognized bullion security company? You need to know your gold is safe.|
|How much is the annual fee for gold bullion storage and your gold account administration? Make sure fees are not excessive (no more than 2.5% of the account value).|
|Are the fees flat rate or scaled? Scaled fees mean you pay more if you store more gold. Look for flat rate fees for the best value.|
|Does the bullion dealer offer to pay your first year's fees for both the administration of your gold IRA and the storage of your bullion?|
|Can the bullion dealer also buy silver, platinum and palladium precious metals for your IRA?|
|Once your account is set up, how quickly can your gold be delivered? Do not accept that it will take over a month to organize delivery. In some cases, delivery is possible within 7 days.|