|BCA Accredited Rating||N/A|
|BBB Accredited Rating||AA+ (On a scale of A+ to F)|
|IRA Transfer Process||1-3 weeks|
|401(K) Rollover Process||3-4 weeks|
|Metals Delivery||7-10 days|
|Annual Admin Fees||$60-$250 (Scaled)|
|Annual Storage Fees||$100+ (Scaled)|
|Preferred Custodian||New Direction IRA,Sterling Trust Company,Goldstar Trust Company,Self Directed IRA Services|
|Preferred Depository||Delaware Depository,Gold Silver Vault,Via Mat International,Diamond State Depository|
|Min Purchase Amount||No minimum|
|Physical IRA Application|
|Digital IRA Application|
|U.S. Mint Listed Dealer|
Starting a precious metal IRA is the smart thing to do in today’s financial landscape. However, deciding to invest in precious metals leads you to the next decision: choosing the best custodian to facilitate and oversee your investments. Given the large numbers of companies working in this field, you need solid reviews of the businesses involved to make an informed decision.
Goldmart operates their online gold services from offices in Carson City, Nevada. In 2012, this company was ranked as number one among low-cost dealers in precious metals. Clients can place online orders 24 hours a day and they are known for how quickly they expedite their shipments.
Different Precious Metals Available
Browsing the website, you can easily find a wide variety of precious metals as well as a broad selection of products. In addition to gold bullion, buyers can find products made from silver and platinum as well.
Apparently keeping up with the latest trends in precious metal innovations, Goldmart also offers Canada’s Palladium bars. These are probably the first in a wave of palladium bars and coins that nations like the United States and China may begin to produce in a market increasingly hungry for precious metals.
Bars as well as coins from both the United States and countries as far away as Australia are available. Even these coins and bars are diverse, including sizes that range from as little as one gram to as many as 400 ounces. Naturally, they are all bullion quality at a minimum .995 fineness.
Opening a Gold IRA
You can open a gold IRA with Goldmart in just six steps.
- Contact an IRA Facilitator
These companies help you to initiate an account. The four facilitators with which Goldmart works are: Goldstar Trust Company, New Direction IRA, Self Directed IRA Services and the Sterling Trust Company.
- Fund the Account
Now that you have opened the account, you need to begin contributions to it. If you already have an IRA, 401k or other retirement fund somewhere else, you can affect a rollover or transfer into this new account. Once the funds have arrived, they will all be immediately available to purchase gold bullion.
- Purchase Gold for Your IRA
Contact the company by phone. While you review the options on your computer screen, you can place the orders over the phone. The orders will not go into effect immediately. Prior to this, your facilitator will have provided you with a buy-direction form. You will need to sign and fax this form along with the order confirmation to the facilitating company that you chose.
After the facilitator provides the funds to Goldmart, they will ship the purchased precious metals to a depository which you will also have selected.
Now your bullion will remain in storage until you reach retirement. Once your IRA funds are made available to you under law, your precious metals will be shipped directly to you.
Anyway, there are totally 92 users’ complaints filed against Goldmart in the last 3 years at BBB which has not gone unnoticed. They were all closed successfully where most of them were related to delivery issues. This company is not accredited by BBB and its rating is merely “D” on a scale of A+ to F.
In a Nut Shell
When it comes to retirement, you should always lower down your risk with more reliable and trustworthy companies. We strongly suggest you to review more information about our top recommended gold IRA companies working in this business, and let their expertise guide you through the whole process.
Goldmart Commercial Video
|Address:||600 E. William Street Suite 204, Carson City, NV 89701|