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Located in the heart of the glitz and glamour of Beverly Hills, California is Beverly Hills Precious Metal Exchange, a precious metals dealer with over 30 years of experience. You may only view the available precious metals on the company's website for purchase or sale since they need a physical catalog.
Gold, platinum, silver and other precious metals are among the metals they sell that may be kept in a precious metals IRA or incorporated into a customer's investment strategy.
The Beverly Hills Precious Metals Exchange's sales executive is the go-to guy for questions about portfolios and stocks if you want to buy.
About the Company
The values of freedom and patriotism form the basis of Beverly Hills Precious Metals, which has its headquarters in California. Several prominent conservatives and commentators have backed them.
Their website states that precious metals are the best way to hedge your portfolio against inflation. According to them, inflation results from careless fiscal policy made by the government.
A management team leads Beverly Hills Precious Metals with over 30 years of combined expertise in the precious metals sector. As such, they're on a mission to facilitate their customers' acquisition of gold, silver and other precious metals. The website indicates that they provide IRA services as well.
Investors of all backgrounds and aims are welcome to seek their assistance. Representatives are available to assist customers interested in making significant purchases of precious metals or who wish to purchase smaller quantities of collectibles. The firm provides a variety of services, including:
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How Do I Sell My Precious Metals to Beverly Hills Precious Metals?
Beverly Hills Precious Metals is an option if you need to liquidate your precious metals. They also provide a detailed online guide to walk you through the procedure.
Getting started is as simple as scheduling a consultation. Anyone interested in contacting the firm can do so using a web-based form or by dialing a direct phone line. You will describe the products you wish to sell over the phone. A staff member will provide you with a quote based on their opinion of what is reasonable.
But, we need help locating feedback from consumers who have dealt with this organization as a seller. This makes it impossible to determine whether or not the prices are reasonable. Before you accept a deal, you should always double-check the going spot price of your products. Checking with other businesses for pricing estimates is also recommended.
The order details will be forwarded to you after you and the staff member agree on the quoted pricing. Anything from an itemized list and cost to specific shipping instructions should be included here. You'll then need to ship the metals to the firm as soon as possible.
The money will be transferred to you after receiving and examining the package. They'll need to verify that all items are genuine and made in accordance with the established order.
There's a disclaimer that says Beverly Hills Precious Metals isn't a jewelry shop. The company will, however, purchase investment bullion and the vast majority of collector coins. Just give them a call and inquire.
How Do I Buy Precious Metals from Beverly Hills Precious Metals?
Andrew Sorchini, the business's proprietor, has been in the precious metals sales industry for over three decades. If you are interested in purchasing precious metals, you can do so by phoning the firm to find out what is currently available. A quotation will be sent to you over the phone.
Your investments are safe in transit, whether you're saving for retirement or building a personal portfolio. Similarly, if you store valuables in a depository vault, you can be assured they are protected.
No need to worry about identity theft or delivery complications because all packages are dispatched discretely and anonymously. For insurance purposes, we require you to sign for them upon delivery.
But the company's website needs more detailed information about its products. To learn about available stock, you must, as previously said, make a phone call. They also need to detail the payment options used on the site.
How Is the Customer Service at Beverly Hills Precious Metals?
The website claims that all customers are given the utmost consideration. But, each person receives an individual solution to their situation. Since every client has unique financial needs and priorities, they must be presented with personalized solutions.
The firm will get to know you and learn about your background, goals, fears and comfort level with precious metals as you work with them. They'll assess your financial situation and recommend solutions.
They may recommend rare items if you tell them you are a collector. They may advise you to put your money into reliable and secure bullion if you are an investor.
Also, this is the standard operating procedure for any business dealings. The firm recognizes that you are not a static entity and does not treat you as such.
The firm's stated goal is to foster lasting partnerships with its customers. They also claim they are averse to dealing with intangible assets and high-risk ventures. Their primary concern is getting the metals to you or your depository as soon as possible to protect your money against economic turmoil.
Is Beverly Hills Precious Metals Exchange a Scam?
To put it plainly, Beverly Hills Precious Metals Exchange is not a scam. Although the company does not have great reviews, it has received support from notable people like Michael Flynn.
Throughout their 18 years of operation, they have never once been accused of or investigated for fraud. They have collaborated with GoldStar Trust as a depository custodian for your precious metals storage requirements.
When storing precious metals like gold and silver, many people turn to Gold Star Trust Company. There are setup costs, yearly maintenance fees and storage fees associated with having an account with GoldStar Trust Company.
While most trustworthy merchants have BBB accreditation, Beverly Hills Precious Metals does not.
Gold purchases on the site need a consultation with a staff member, who then provides you with a pricing list, adding a layer of complexity to what is already a somewhat involved procedure.
Beverly Hills Precious Metals typically insures all packages, protecting you against loss due to fire or theft. The firm charges a single, all-inclusive packing, shipping and insurance rate.
Online reviewers have awarded Beverly Hills Precious Metals 3.9 out of 5 stars, with 5 stars going to the company's customer care team for their excellent work educating clients.
Once a purchase is placed, it takes only a few days to ship and 3–15 days to arrive at the recipient's door.
Beverly Hills Precious Metals is a reputable firm that sells many commodities, including numismatic and collector items and gold IRAs. Still, it provides few details about its background, management team, product costs or IRA fees.
No signs point to this being a fraudulent enterprise; nonetheless, the firm should revise how information is presented on its website to boost its standing with existing customers and attract new ones.
Precious Metals IRAs
Precious metals IRAs allow individuals to invest in physical precious metals like gold, platinum and silver instead of paper investments like stocks and bonds. Precious metals IRAs allow investors to diversify their retirement portfolio and protect against market volatility.
A precious metals IRA is set up like a traditional IRA, with the investor regularly contributing to the account. However, instead of investing the money in stocks, bonds or mutual funds, the investor purchases physical precious metals. Once the metals have been purchased, they are stored in a secure depository by an approved IRA custodian.
The metals that can be purchased with a precious Metals IRA include gold, silver, palladium and platinum. Gold is the most popular precious metal for these accounts, as it is widely seen as the most stable and secure asset to invest in. Silver and platinum are also popular choices and palladium is becoming more popular with investors.
The advantages of investing in a Precious Metals IRA include diversification, protection from inflation and market volatility, tax advantages and the potential for long-term capital appreciation. Investing in precious metals can help investors protect their retirement savings from market fluctuations, especially during economic uncertainty.
Additionally, precious metals IRAs offer investors the potential for long-term capital appreciation, as the prices of precious metals tend to rise over time. Lastly, Precious Metals IRAs can offer tax advantages, as investors are only required to pay taxes on their profits once they withdraw the funds from their IRA.
What Percentage of Your IRA Should You Put Precious Metals?
Diversifying your investments across different asset classes and minimizing overall risk is advisable. A suggested rule of thumb is to have a maximum of 10-15% of your IRA in precious metals such as gold, silver, platinum or palladium.
This percentage can be adjusted depending on your investment objectives and personal risk tolerance. For instance, if you are looking for a more conservative approach to investing, you might want to keep the percentage of precious metals in your IRA lower.
On the other hand, if you are comfortable taking on more risk and looking for long-term growth, you might invest a higher percentage in precious metals.
The amount of precious metals you put into your IRA should also depend on your account size. For example, suppose you have a small IRA worth a few thousand dollars. In that case, it is advisable to keep the percentage of precious metals investments to a minimum due to the higher costs associated with an investment in these metals. However, investing a larger portion in precious metals can be viable if your IRA is more substantial.
How Do You Choose the Right Precious Metals Dealer?
Choosing a precious metals dealer is essential as you trust them with your financial security. There are a few key factors to consider when making your decision.
First, consider the reputation of the dealer. Do they have a positive track record with customers and the BBB? Are they members of trade organizations like the American Numismatic Association (ANA)? What kind of reviews and testimonials can you find online?
Researching the company's history, experience and customer satisfaction will give you a better understanding of who you are dealing with and the quality of service they provide.
Second, consider the product selection and pricing of the dealer. Do they stock a wide selection of products? Are their prices competitive? Are the products genuine? When looking for a precious metals dealer, it is essential to ensure they sell quality products at reasonable prices.
Third, consider the customer service of the dealer. Are they responsive to inquiries? Do they offer any support for after-sales services such as buy-back programs? Are any additional fees associated with buying or selling precious metals through their platform? Excellent customer service is essential when selecting a precious metals dealer.
Finally, consider the payment methods and safety measures of the dealer. Are they accepting payments through secure payment methods like PayPal or bank transfers? Do they have any security measures to protect your information or the products they are shipping? Knowing they are taking the necessary steps to ensure your financial security is essential when selecting a precious metals dealer.
Final Thoughts
Although Beverly Hills Precious Metals claims to be a legitimate and reliable provider of gold and silver IRAs, several things could be improved to work with this company. The company needs to provide transparent information about its fees, pricing and services on its website, making it difficult to understand exactly what services are offered.
They also do not have an online ordering system, so customers must call in to make a purchase. In addition, their customer service has been reported to be slow in responding and inconsistent in answering questions.
There needs to be more information regarding the purchase, storage and delivery of precious metals within the IRAs, leaving customers concerned about how safe and secure their assets are during these processes.
Due to the above factors, we do not recommend Beverly Hills Precious Metals for investors looking for a safe and reliable precious metals dealer.
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