USA Gold Bureau Gold IRA Review

USA Gold Bureau Gold IRA Review

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.

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 called a Gold IRA.

A Gold IRA is essentially the same as any other IRA, except that it stores your assets in bullion bars or coins. In this review, we’ll be discussing the option of a Gold IRA through the USA Gold Bureau.

Company Background and History

The USA Gold Bureau is based in Austin, Texas, and has been in business since 2003. They list education, respect, and personal attention as their key customer service values.

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 building the Texas Bullion Depository. The USA Gold Bureau touts the security of this 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 come from all walks of life and include banks, brokerage houses, collectors, 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

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

The precious metals products on offer with the USA Gold Bureau are as follows:

  • 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 investment grade.
  • 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 investment grade.
  • 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

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. It is also worth mentioning that the state of Texas does not charge a tax on gold, silver, or platinum bullion.

Diverse IRA Services

It is clear from the USA Gold Bureau’s website that they work with investors across a variety of backgrounds and levels of experience.

Under the Portfolio Planning tab on their site, you can click the dropdown option that says, “What should I buy?” There you will find a detailed questionnaire designed to determine your needs and best investment strategies.

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:

Easy-to-Use 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 real, reputable company, though it has received fairly mixed reviews. The company is ranked 4 out of 5 stars on TrustPilot and 3.9 out of 5 stars on Glassdoor.

However, there are quite a few complaints about the company listed on the Better Business Bureau, though many have been resolved. The BBB has also called some of the USA Gold Bureau’s claims misleading in the past.

The most common complaints about this company have to do with protracted shipping times.

Will my precious metals be safe?

In short, yes. Precious metals invested with the USA Gold Bureau are stored in the Texas Bullion Depository, a secure state-administered facility.

Is there a minimum required investment for a precious metals IRA?

Yes. From the website, under Open a Purchasing Account, it appears that the minimum required investment is $5,000.

Final Thoughts

While a gold IRA might not be the first type of investment account that comes to mind, it is a viable option for many different types of investors.

The USA Gold Bureau has been in business since 2003 and offers highly secure precious metals storage. While it is not yet accredited by the Better Business Bureau, it is a member of the Industry Council on Tangible Assets.

While its reviews are somewhat mixed, the majority of negative reviews this company receives deal with longer than expected shipping times. The USA Gold Bureau offers many distinctive investing options and plenty of free information to help you choose between them. Overall, this company seems like a solid choice for your precious metals investments.

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