Bold Precious Metals Review
In today’s world, there are so many precious metals companies on the market. Finding a reputable and legitimate company to invest in is crucial. On the chopping block today, we have Bold Precious Metals. We’ll look at everything from the company’s website to its philosophy, storage options, shipping, and more.
The number one question probably on your mind is, “Is boldpreciousmetals.com legit?”
If you are wondering, you can skip right to our list of the best gold companies we’ve personally vetted. OR, continue reading the Bold Precious Metals review to learn more about this company.
Bold Precious Metals is a family-owned business that’s been around for seven years. Out of these seven years, it has been accredited for six. The company was formed because the family had a background in numismatics and coin collection. Therefore, the founders view these precious metals coins as an art piece rather than just an investment.
Because of the company’s background and history with numismatics, it’s built on a solid foundation with educated and up-to-date business practices. Furthermore, the family’s knowledge about and experience in the industry ensured that Bold Precious Metals was functioning properly shortly after it was formed.
Currently, the company prioritizes finding clients who have knowledge about precious metals investing and see the true value and beauty in these coins.
The company works with a number of well-known suppliers with whom they have fostered good working relationships. However, the Bold Precious Metals team extends the same professionalism and courtesy when it comes to customer relations. Customers can also expect to find a range of rare coins on the Bold Precious Metals website.
Now that you have an overall understanding of Bold Precious Metals, let’s look further into the various components of the company and whether it is legitimate.
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Table of Contents
ToggleThe Bold Precious Metals Website
When going onto the Bold Precious Metals website, you’ll immediately notice its high-quality and user-friendly design. Whether you’re a beginner or a more experienced precious metals investor, you’ll easily be able to navigate the website and locate the coins you’re interested in buying.
To make your search even easier, you can make use of the website’s filter system. The website allows you to filter by category, desired metal, and the types of products available in a specific metal. Plus, you won’t have to worry about whether you’ll be able to purchase the desired coin as the company implements a strict monitoring process over displayed prices and stock levels. Thus, you can always count on the website to be up-to-date with the latest and most accurate information. That being said, it’s vital to keep track of the website as there is endless stock for some coins but limited stock for others.
You’ll also be able to find items from across the globe on the website. Some of the countries from which Bold Precious Metals receives items include:
- United States
- United Kingdom
- Canada
- Australia
- Austria
Next, we looked at the company’s product offerings. There is a wide range of Bold metals for you to choose from. Silver coins and bullion seem to be what the company deals in the most. However, there are still various options when it comes to gold, platinum, and palladium.
Apart from this, the website also provides information regarding estimated shipping dates, making the process much more convenient for clients. Shipping times will vary depending on where the precious metal item is being sourced from. Therefore, some delivery dates might be much shorter than others. You can expect an estimated shipping date anywhere from a couple of days to a few weeks. Always remember that these are estimated delivery times, as there are many factors that are out of the company’s control. That being said, Bold Precious Metals tries its best to offer fast shipping to all its customers.
Other useful information you can find on the company’s website is with regard to discounts. Generally, Bold Precious Metals offers a discount if you purchase over a specified number of a certain type of product. However, these discounts change with time, so it’s important to check the website to determine what precious metals are currently discounted.
Lastly, Bold Precious Metals makes sure to inform its customers of vital information on the website. One example is that the company informs its website users of the difference between actual coins and rounds. Many people are unaware of the fact that gold and silver rounds are an illegal tender. The website breaks down this information very well that even newbies to the industry will gain a thorough understanding of the subject matter.
The Company’s Philosophy
Because of the history and background of the formation of Bold Precious Metals, this company strives to ensure that its customers appreciate the coins they invest in and understand the worth and value behind the investment.
Apart from that, the firm strongly believes that precious metals are the only currency system that will withstand the test of time and not fail. The founders of Bold Precious Metals believe that the involvement or backing of governments and other incorporated entities in currency systems will lead to their ultimate downfall. As precious metals are not only backed by these two parties, they are a more sustainable option that can be used to preserve wealth.
An extension of this philosophy is that investing in precious metals is a way to prevent your wealth from being manipulated by many ruthless tyrants out in the world. Therefore, precious metals investing is a way to protect your wealth and ensure you are the one who benefits from your hard-earned money.
Another company philosophy that many people find beneficial is the buyback option. Unfortunately, there are many reasons why customers may decide to stop investing in precious metals, such as it might not be maintainable or they need emergency cash. In these events, Bold Precious Metals will gladly buy back the gold or other precious metals from its clients.
Precious metals investing is a long-term investment strategy, which is why some people may not find it sustainable and need to exercise this option. With the idea of precious metals investing being a long-term strategy, the company will buy back the products at the current market price. This is a fair strategy. However, keep in mind that this could lead to either gains or losses. Therefore, if you go in with the mindset of purchasing coins or bullion to sell it back quickly at a profit, you might not be successful.
Ideally, you invest in precious metals only to sell them a few decades later. Nonetheless, in the event that this is not possible, you can have peace of mind knowing that Bold Precious Metals has you covered.
Shipping
Are there shipping costs or is delivery free? Well, Bold Precious Metals adopts a bit of a hybrid model. As long as your order is $200 or more, you’ll get free shipping. Anything less than this will incur delivery costs. That being said, you only bullion and coins apply to the minimum threshold of $200. Standard shipping costs are $6. However, to speed up the delivery process, you can pay an additional $7.
Since you’re dealing with precious metals, you need to understand that security is vital. This isn’t just any regular online order. Therefore, the company requires a signature upon delivery for any orders that amount to $720 or more.
You may still request the signature requirement on orders less than $760 if you would like to ensure your order doesn’t end up in the wrong hands. This service will come at an extra cost of $3.
When it comes to who may sign on delivery, Bold Precious Metals complies with the rules set out by the United States Postal Service. Therefore, the signatory has to be at least 21 years old.
Storage Options
Unfortunately, according to the Bold Precious Metals website, the company currently doesn’t offer storage options for your precious metals. This means the customer bears the responsibility for storing their own metals safely.
You’re not allowed to store “coins as bullion” or bullion in your home. This doesn’t apply to rare collectible coins. Thus, it’s important to note that Bold Precious Metals doesn’t provide collectible coins, and there is no indication whether these will be made available in the future.
Bold Precious Metals also doesn’t have any custodians when it comes to its precious metals. Nevertheless, precious metals IRAs are something the company plans to introduce in the future, so make sure to check the website for the latest updates regarding this matter. There is no mention regarding whether custodian services will be made available with the introduction of precious metal IRAs.
Other future plans for Bold Precious Metals include a secure depository. No detailed information on the project, such as whether a new one will be built or an existing one will be used, is available.
Other Precious Metals IRA Rules
You can store your precious metal coins and bullion in an IRA. Therefore, once Bold Precious Metals offers IRAs, the process will be much simpler for you. However, keep in mind that there are strict rules governing IRAs that have been imposed by the IRS.
IRAs are also commonly referred to as “self-directed” accounts, as they give the owners complete control over everything pertaining to the account as long as it complies with the laws set out by the IRS. One of the requirements is that all the legwork needs to be done by a custodian. However, this is done under the direction of the account holder.
Furthermore, depositories also need to comply with specific rules and standards regarding integrity and security. These strict rules will apply to any depository created or used by Bold Precious Metals in the future.
One of the rules is that all precious metals stored in these accounts need to be deposited immediately and newly purchased. This is why having a custodian to handle all the work is essential. Your custodian will handle everything from buying the coins and bullion to arranging shipment and storage. Even though the precious metals will not physically be in your possession, you will still have complete ownership over them.
Depositing and withdrawing precious metals to/from an IRA have the same rules that a traditional IRA has. Therefore, any withdrawal before the age of 59.5 will result in a penalty. Additionally, it is mandatory to make periodic minimum withdrawals once you reach the age of 72.
Penalties are not the same for everyone and will depend on a number of factors, including the amount of the withdrawal and what you do. Getting precious metals delivered to your house to store them counts as a withdrawal. Therefore, you will be liable for a penalty and any resulting tax consequences.
Selling
Despite the general rule of having to be at least 59.5 years old before selling your precious metals investments, there are certain exceptions. Let’s take a look at a few of these exceptions.
Firstly, the rule doesn’t apply if your custodian passes away. In this instance, it might be necessary for to you take possession of your investments before finding another suitable custodian to take over the job.
Another exception to the rule is if you’ve lost your job and need access to funds to cover your expenses. Lastly, you can sell your precious metals before 59.5 if you need to provide child care so you can carry on working.
If you’re unsure about any of these circumstances or would like to query another matter, do not hesitate to reach out to the IRS. Their customer service team will answer any questions you have so you can gain a better understanding of the rules regarding your specific situation. Alternatively, you could also contact your custodian or an attorney for advice. With that being said, make sure to also conduct your own research, as it’s crucial for you to know what you’re getting yourself into.
Can You Buy Bold Precious Metals Products on eBay?
Now, you may have seen Bold Precious Metals products on eBay and boldpreciousmetals.com, which might have made you quite skeptical. The official website is boldpreciousmetals.com. However, eBay does list some products as well.
Be cautious, as eBay applies a large markup to the products, sometimes as high as 60%. The Bold Precious Metals website is highly functional, intuitive, and easy to use. Therefore, there is no reason to make purchases on eBay, as you will only end up paying much more than necessary.
Client Reviews and The BBB
The BBB has given Bold Precious Metals an A+ rating, making it a trustworthy and legitimate brand. Therefore, you don’t have to worry about being scammed. After many years, the company is still accredited.
Just like with all online shops, the good comes with the bad. In recent times, Bold Precious Metals has received a number of complaints – 14 have been filed in the last three years, with eight of these having been in the last 12 months. Negative comments are normal. How the customer support team responds is crucial, and leaving negative reviews unanswered is a sign of bad business practices.
However, every company is bound to have negative reviews, so this should not deter you completely. What’s important is that the customer support team has responded to these complaints in a timely manner and professionally, even when customers have been rude. The customer support team attempts to resolve the error promptly and ensure the client has a positive customer experience. This indicates that the company has an excellent customer service department in place.
The company is also completely transparent. If one takes the time to read the terms and conditions on the website, it’s evident that the policies are comprehensive and cover a wide range of events.
When the company has truly been at fault, the customer service rep handling the matter tends to compensate the aggrieved client with a small discount (often $10 store credit) or other gift, showcasing the company’s dedication to keeping its clients satisfied.
A number of positive and negative reviews can also be found on Trustpilot. While reading customer reviews is of utmost importance, it’s essential to be able to distinguish the real reviewers from fake reviews and those who are purposefully trying to be difficult.
The Bottom Line
Overall, Bold Precious Metals seems to be a reputable and reliable company if you’re interested in buying precious metal coins and bullion. You can count on the firm to take care of a number of your needs, and it appears its scope will increase even more in the future.
While we touched on many of the crucial elements in this Bold Precious Metals review, you need to do your own research and reach out to the customer support manager, as this is where your money will be going. Therefore, you need to have confidence and peace of mind over your investment.