Rating Index
Pros
Strong customer service with knowledgeable staff who provide educational support for new investors.
No annual fees for the first year, making it an attractive option for first-time investors.
Offers secure storage options with a reputable custodian, ensuring safety for precious metals.
Cons
Minimum investment requirement of $50,000 may be prohibitive for some potential clients.
Delivery times for precious metals can be longer than expected, leading to customer dissatisfaction.
Limited offerings in terms of platinum and palladium compared to other brokers.
American Bullion broker Accounts
American Bullion Account Type
American Bullion offers various types of accounts for investors interested in precious metals. The primary account types include:
Gold IRA: A specialized retirement account that allows you to invest in physical gold and other precious metals. This account is designed to help diversify your retirement portfolio and protect against inflation and economic uncertainty. A minimum initial investment of $50,000 is typically required.
Silver IRA: Similar to the Gold IRA, this account allows for investment in physical silver, which can be a more affordable entry point for investors.
Direct Purchase Account: This account allows customers to buy gold, silver, and other precious metals directly for personal possession. There are no minimum investment requirements specified for this account type.
Self-Directed IRA: This account gives investors full control over their investment decisions, allowing them to choose a wider range of assets, including precious metals.
Contact American Bullion: Reach out via phone at 1-800-465-3472 or request a free information guide through their online form.
Complete the Application: Fill out the necessary application forms for the type of account you wish to open. This may include:
- Shipping and Transaction Agreement: Required to legally set up your account and purchase gold on your behalf.
- Self-Directed IRA Application: Necessary for setting up a Gold IRA with an approved custodian.
- Submit Financial Statements: Attach a copy of your most recent retirement account statement. This can be sent via:
- Email: info@americanbullion.com
- Fax: 310-689-7730
- Mail: American Bullion, 12301 Wilshire Blvd., Ste. 305, Los Angeles, California 90025.
- Review and Approval: A precious metals specialist will review your application and contact you once your account is approved.
American Bullion Broker Account Opening Process
Opening a broker account with American Bullion involves a straightforward process:
By following these steps, you can successfully establish an account with American Bullion and begin investing in precious metals.
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