USA Gold Bureau Gold IRA Review
IRA stands for Individual Retirement Account. There are many different types of IRAs, such as traditional, simple, and Roth IRAs. Depending on the type of IRA you choose, you may have the option to invest in stocks through the account, and your account contributions may be tax-deductible. The type of IRA we’ll be focusing on here is a Gold backed IRA.
Even if you’re doing your best to save money for retirement, you might worry that you won’t be able to save enough. One of the best ways to ensure that you do is through an IRA.
A Gold IRA is the same as any other IRA, the only difference is it stores your assets in coins and bullion bars. In this review, we’ll be discussing the option of a Gold IRA through the USA Gold Bureau.
Summary:
USA Gold Bureau is a firm that boasts years of experience, having been part of the precious metals industry since 2003. This Austin-based firm offers a highly secure storage facility, free phone consultations, and a library of free educational information in which investors can use at will.
In addition to educational resources, the USA Gold Bureau’s user-friendly website features a detailed investment questionnaire to help new clients home in on their unique investing needs.
The company lists respect, education, and personal attention as its core customer service values. They treat every client as an individual and know that no two investors’ situations are identical.
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United States Gold Bureau Pros and Cons
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Company Summary and Background History
The USA Gold Bureau is located in Austin, Texas, and has been doing business since 2003. They list education, respect, and personal attention as their key customer service values.
There have been 14 complaints filed with the BBB against the company dating back to 2018 These complaints were spread out across multiple categories including sales and advertising, billing and collections, delivery problems, and issues with a services and products.
So far, the USA Gold Bureau has not been accredited by the Better Business Bureau but is an active member of the Industry Council on Tangible Assets, or ICTA.
The USA Gold Bureau’s parent company, Lone Star Tangible Assets, was responsible for construction on the Texas Bullion Depository. The USA Gold Bureau touts the security of the facility on their website, stating that their connection to the facility allows them to offer extremely secure bullion storage at a competitive price.
This company’s clients are diverse and range from brokerage houses, collectors, banks, dealers, and individual investors. Whichever category you fall into, you can be sure that the USA Gold Bureau has experience meeting investing needs similar to your own.
IRA Products and Services Offered at USA Gold Bureau
The USA Gold Bureau offers a variety of products and services, including advice on retirement planning, information on precious metals investment planning, extensive information on portfolio diversification, and a wide variety of sets of gold and silver bars and coins available for purchase.
We’ll go through a few of the USA Gold Bureau’s products and services below.
Various Precious Metals Products from Coins to Bullion Bars
The precious metals products on offer with the USA Gold Bureau are as follows:
(Updated February 2022)
- 2019 and 2020 Gold American Eagle Proof 70 Sets
- Sets of Gold American Eagle coins, from either 2019 or 2020, featuring Lady Liberty on one side and a bald eagle returning to the nest on the other. These coins are IRS Approved.
- 2019 Gold American Buffalo Proof 70 Coin
- A coin modeled after the Buffalo Nickel, featuring the profile of a Native American man on one side and an American buffalo on the other. This coin is listed as IRS Approved.
- 2020 1 oz American Bald Eagle Proof 70 Coin
- A platinum coin featuring Lady Liberty and a young girl below the word “Happiness” on one side and a bald eagle on the other side.
- 2020 Silver American Eagle Proof 70 Coin
- A silver coin featuring an image of Lady Liberty on one side and an image of a bald eagle bearing a shield, olive branch, and arrows on the other.
- 1 oz Gold Bars
- These 1 oz gold bars are offered in a variety of hallmarks (designs) and are described as an extremely cost-effective way to purchase precious metals.
- Silver Eagle Coins
- The USA Gold Bureau offers a wide variety of Silver Eagle Coins from different years and in sets of varying sizes.
- 1 oz Silver International Trade Bullion (ITB) Rounds
- 1 oz silver coins minted in a private refinery and refined from recycled silver.
Precious Metals IRA Storage In Texas
As mentioned above, the USA Gold Bureau built and maintains the Texas Bullion Depository for precious metal storage. This facility is state-run and highly secure.
About the Texas Bullion Depository
The Texas Bullion Depository is based in Leander, Texas. In considering the Texas Bullion Depository for precious metals storage, it is worth noting that they offer an insurance plan equal to 100% of the value of all metals stored in their facility. Pricing can be found on the website and is
The state of Texas does not charge a tax on gold, silver, or platinum bullion.
Diverse IRA Services at USA Gold Bureau
It is clear from the U.S.A. Gold Bureau's web site that they collaborate with financiers across a selection of backgrounds and degrees of experience.
Under the Profile Preparation tab on their site, you can click the dropdown choice that says, "What should I acquire?" There you will locate a detailed questionnaire designed to establish your requirements and finest investment approaches.
This questionnaire includes questions such as:
- How long do you want to hold your investment before cashing out?
- How much experience do you have investing in commodities?
- How much risk can you handle when it comes to investing?
- What is the primary goal of your precious metals investment?
- How much time do you want to devote to managing your investment on a continual basis?
These questions make it clear that the USA Gold Bureau’s investment advice will be tailored to the type of investor you are. Additionally, this questionnaire could be useful if you are not yet ready to invest and need to first nail down exactly how you’re going to go about it.
USA Gold Bureau Fees
There are no specific fees readily listed on the USA Gold Bureau’s website. It should be noted, however, that this does not guarantee the company doesn’t charge any fees. The website does state that they offer free phone consultations.
USA Gold Bureau Features
Investing in precious metals is no small undertaking, and it’s well worth considering each company’s relevant features before you make your choice. Some of the USA Gold Bureau’s notable features are as follows:
Simple Website
The USA Gold Bureau’s website features a simple main menu with only a few tabs, which makes it easy to find what you’re looking for. Each of these tabs links to a more extensive dropdown menu so that you can further narrow your search. The language used throughout the site is clear and accessible, which should make it more appealing to less-experienced investors.
Free Information
Unlike many companies that hide important information behind a paywall, the USA Gold Bureau’s website features a wealth of free information. Under their Tools tab, there is a sub-section titled Research and Analysis. This section includes topics such as:
- Gold Buying Basics
- Bullion vs Investment Grade
- Mint State vs Proof Coins
- How Big is a Gold Bar?
- Investing News and Tips
- Precious Metals Glossary
This section seems to be largely geared toward educating newer investors, and again, the information is entirely free.
Frequently Asked Questions
Is the USA Gold Bureau a legitimate company?
Yes, the USA Gold Bureau is a genuine, reliable firm, though it has actually obtained rather mixed testimonials. The firm is ranked 4 out of 5 on TrustPilot and 3.9 out of 5 on Glassdoor.
However, there are several grievances regarding the company provided on the BBB, however lots of have been settled. The BBB has additionally called a few of the U.S.A. Gold Bureau's claims deceiving in the past.
Will my precious metals be safe?
Simply put, yes. Rare-earth elements attached the United States Gold Bureau are stored in the Texas Bullion Depository, a secure state-administered center.
Is there a minimum required investment for a precious metals IRA?
Yes. From the internet site, under Open a Buying Account, it appears that the minimum required investment is $5,000.
Final Thoughts
While a gold individual retirement account could not be the first kind of financial investment account that enters your mind, it is a practical choice for several types of investors.
The United States Gold Bureau has stayed in business since 2003 and also supplies highly safe precious metals storage. While it is not yet accredited by the BBB, it belongs to the Industry Council on Tangible Properties.
While its evaluations are somewhat mixed, the majority of negative testimonials this business receives deal with longer than anticipated delivery times. The USA Gold Bureau supplies many distinct investing choices and also lots of cost-free details to help you pick between them. Generally, this business looks like a strong choice for your precious metals investments.
