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One of the easiest and best ways to grow and maintain your wealth despite market uncertainties is investing in precious metals.
One of the main reasons why precious metals investing is popular among most people is that precious metals tend to retain if not increase in value despite market fluctuations.
Today, you can invest in precious metals no matter where you reside. One of the companies that can facilitate your entry into precious metals is Goldline – a leading precious metals dealer.
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What is Goldline?
This is a precious metals investment company based in Los Angeles, California. Established in 1960, this company has been facilitating investment in metals such as palladium, platinum, gold, and silver.
The firm offers a wide range of IRA-eligible bullion bars and coins that you can store in a precious metals IRA. Their collection also includes several rare collectible coins that you can buy either as an investor or collector.
The company offers an Express IRA Service which allows clients to open a precious metals IRA in a 3-step process. It also offers free bullion coins that clients can use to service and maintain their accounts. It also provides free shipping to a depository for its clients.
Existing investors can also sell their accumulated precious metals reserves through the firm’s repurchase program. The repurchase program involves a 3-step procedure with the proceeds of the sale being received by the seller within 3 business days after the coins or bullion has been received and validated by Goldline’s team.
Note that the firm does not purchase jewelry rather it focuses on only purchasing precious metals in the form of coins or bullion.
Curiously, the company does not divulge the depository company that it has partnered with. However, the company’s site shows that it offers depository services in locations such as Las Vegas, Nevada, Singapore, Switzerland, and Zurich.
Product and Services from Goldline
The company offers almost all popular IRA-approved precious metal coins and bullions. For gold investors, the company offers the American Gold Eagle and American Gold Buffalo, among others.
For silver investors, the company offers popular options such as the American Silver Eagle and the Australian Kookaburra Silver Coin, among others. For platinum investors, the company offers a host of options including the American Platinum Eagle.
Lastly, for palladium investors, the company usually offers a one-ounce bar.
What is Goldline’s Market Reputation?
Few companies have been dealing with precious metals investing as long as Goldline has. The company has been in operation for at least six decades and has a legitimate physical address in Santa Monica, CA with verified listings of the company’s executives.
Further, the site has a very professional-looking website. The spokesman for the company is Glenn Beck.
All these details point out that Goldline is a legitimate precious metals dealer. When investing small amounts in precious metals through the company, you can pay using your credit card at the firm’s website. However, if you want to make a large investment, you must call the company to get real-time “Investor Pricing.”
The company also runs an Accumulation Program that allows the firm to debit your bank account every month so that you can grow your precious metals portfolio gradually. It is also worth noting that the company has great customer service and follow-up.
Educational Information from Goldline
The company’s website has a ton of information on investing in precious metals with the key focus being “Why wealthy people should invest in gold.” The resources also discuss the history of precious metals, the FDR confiscation order, and, the fiat currency inflation.
The resources provided by Goldline are ideal for novice precious metals investors. Even experienced investors can learn a lot from the resources availed by the company through their website. The range of resources available from Goldline is simply top-of-the-line.
Precious Metals as Part of Your Retirement Savings
Gold IRAs were created by Congress in 1997. This allowed investors to own physical reserves of gold, silver, platinum, and palladium within an IRA. This means that for over two decades, interested investors have been turning their savings into gold through IRAs.
Gold IRAs Vs. Traditional IRAs
Both gold and traditional IRAs have one key role – ensuring that investors have stable and reliable retirement savings. This is where their similarity ends.
Both IRAs react differently to market forces which means that they can supplement and complement your portfolio when used together.
Gold investing is a simple way to diversify your investment portfolio while protecting your wealth against inflation and volatile markets. Traditional IRAs are typically invested in paper-based options such as bonds, mutual funds, and stocks.
Adding an investment such as gold to your portfolio that is not easily affected by market shocks can stabilize your portfolio when the markets become volatile.
Gold usually adds more stability to one’s portfolio while minimizing the risk, especially in the long term. This is what makes it an ideal investment especially when it is invested in an IRA.
How Does a Gold IRA Work?
As we mentioned earlier, investing in a gold IRA is a great way to diversify your portfolio while minimizing the risk that your portfolio will be affected by market shocks. Establishing a self-directed gold IRA is a fairly easy process.
However, before setting up a self-directed IRA, it is important to understand how this form of investment differs from a traditional IRA.
What is a Self-Directed Gold IRA & How Does it Work?
Most retirement funds are usually held in a 401(k), TSP, or conventional IRA and cover investment options such as annuities, bonds, and stocks. Physical precious metals on the other hand can only be held in a self-directed IRA.
A self-directed IRA usually empowers the investor to choose their desired investment option from a range of precious metal options.
Guide on How to Own a Self-Directed Gold IRA Through Goldline
1.Open a Self-Directed Gold IRA Account
If you want to add physical coins or bullion of gold into your retirement portfolio simply identify a custodian and open an account. (Upon request, Goldline can help you identify a reputable and reliable custodian).
2.Fund the Self-Directed IRA with Gold
Once you have opened the account, you need to fund with an IRA transfer or rollover from a qualified retirement plan such as a 401(k), 401(a), 403(b), 457, annuity, or a Thrift Savings Plan (TSP).
The funds that you transfer or rollover will then be used to purchase physical precious metals for your self-directed IRA.
3.Store Your Precious Metal Reserves
The metals that you purchase must be held by an IRS-approved custodian. The custodian will be charged with administering your IRA.
Your precious metal reserves will then be stored in a licensed and fully insured depository from where they will be administered by your chosen custodian.
Goldline’s Buyback Policy
Goldline has put in place processes that make it easy for you to sell your precious metals.
One of the key things that set this company apart from competitors is its commitment to ensuring an easy two-way dealership of precious metals.
Though the law prohibits precious metal dealers from guaranteeing a buyback of the metals they sell to customers, the company has a longstanding history of repurchasing precious metals from clients and outsiders.
Looking to sell your precious metal reserves? Follow the simple 3-step process outlined below …
1.Call Goldline through the number 800-963-9798 or visit www.sell.goldine.com.
2.Inform the company of the type of precious metals you wish to sell so that you can be provided with their current purchase rates
3.You will then receive an email with details about the buyback order and shipping information
Once Goldline receives your precious metals and they are authenticated, you should receive money in your account within three business days.
Note that Goldline only buys precious metals that are in coin or bullion form.
Goldline Offers Secure Storage Services for Clients
Many potential investors are usually anxious about how they will store their gold and other precious metals because of the risk of theft. For the clients’ peace of mind, Goldline usually offers a safe and managed storage service for precious metals purchased by clients.
They retain highly secure storage facilities across the world that are both insured and regularly audited.
Benefits of Storing Your Precious Metals with Goldline
Goldline has simplified the process of acquiring and selling precious metals for investors. They offer prompt services, transparent pricing, and exclusive products.
When dealing with Goldline, you are sure to enjoy the convenience that comes with dealing with an industry leader in the world of investing in precious metals.
Reasons to Invest in Gold and Silver
The allure of gold and silver has held civilizations in awe for eons. These metals have been used to represent wealth and opulence for years.
Over the years, many people have invested in these metals and used them as a way of bequeathing assets to future generations.
Even today’s savvy investors continue to dabble in gold and silver investing. Physical gold reserves usually provide a hedge against inflation and currency devaluation not to mention that they are also a great way to diversify one’s portfolio.
When markets and currencies falter, precious metals tend to hold steady in the face of storms. A good example is a fact that the value of the U.S. dollar has diminished in the past decade while the price of gold has risen by a healthy 300%.
The ownership of Goldline changed in 2017 which also led to a change in the initial management of the company.
Despite having ruled the market for over half a century, the company was not able to weather weak management practices and legal controversies that arose during the change in the firm’s leadership.
Simply put, this is one of the oldest traders that simply did not move with the changes brought by time. If you are looking to invest in precious metals, we recommend that you engage a reputable gold dealership company.
Ideally, you should go for a company that has a lot of positive reviews from past and existing clients. Avoid a company that is involved in legal tussles as it simply won’t be worth your effort in the very end.
Goldline has a checkered past and we do not recommend them. They are not the best option for buying precious metals and definitely not the best option for investors looking to protect their savings with a gold and silver IRA.
You only want to invest with the most trustworthy companies, like the ones we have written about extensively on this website.
You can get a Free Gold Investors Guide from our top gold and precious metals company recommendation by clicking the link above or you can read our article of the top companies we reviewed this year:
Or, if you like what you have read about Goldline, you can go to their website below: