If you’ve done any searching online for precious metals, you’ll see that there are numerous precious metals dealers out there.
It can almost be overwhelming to try and pick one to do business with if you’re looking to get into investing, purchasing coins for a collection, or just learning more about the world of precious metals and investments.
Maybe, in one of your searches, you’ve come across My Private Bullion and you’ve wondered if they were a reputable company for your investment needs.
Fortunately for you, you won’t need to wonder much longer. I’ve looked into My Private Bullion and this is what I found out.
Who is My Private Bullion?
My Private Bullion was started almost 30 years ago as a way for consumers to diversify their retirement portfolios by adding precious metals, such as gold, silver, platinum, and palladium to their IRA.
Their goal is to work with each customer and offer them personalized strategies that will reward them with a comfortable retirement.
They also pride themselves on the education they provide to potential and continuing customers.
Products My Private Bullion Offers
My Private Bullion gives investors the opportunity to add gold, silver, platinum, palladium, and rhodium to their retirement accounts.
These items include the following:
- Gold collectibles
- Gold numismatic coins
- Gold bullion coins
- Gold bullion bars
- Silver collectibles
- Silver numismatic coins
- Silver bullion coins
- Silver bullion bars
- America the Beautiful silver series
- Platinum bullion coins
- Platinum bullion bars
- Palladium bullion coins
- Palladium bullion bars
- Rhodium bullion coins
- Rhodium bullion bars
Gold IRA’s and Solo 401K’s
Setting up a Gold or Precious Metals IRA may sound intimidating, but My Private Bullion can help. They can help you to invest in precious metals and enjoy the tax benefits of an IRA account. These are alternative assets that you can turn to when you want to invest in something other than stocks and bonds.
They can also help you if you’re a business owner interested in a Private Solo 401K. They will help you to determine if you generate enough income to qualify for this benefit.
Is My Private Bullion Legitimate?
In my opinion, My Private Bullion is a legitimate precious metals business and they are not looking to scam anyone.
That being said, I do have some things I dislike about them, including:
- Lack of reviews is a red flag – I like to read reviews from customers to find out about a company; this is a great gauge of how business is conducted. My Private Bullion did not show up on any third-party review sites when other similar companies have hundreds and even thousands of reviews.
- No pricing or fees listed on the website – This may not be a huge deal, but as a consumer, I like to know pricing, especially so I can decide what company is right for me by comparing prices.
- Lack of product selection – I’ve seen a better selection for bullion on numerous other sites, especially when I’m looking for a mixture of items to really diversify my portfolio.
Even with these issues, I still wouldn’t say that My Private Bullion is a scam. I just think there are other options out there for investors.
The Verdict on My Private Bullion
I wouldn’t choose My Private Bullion as a first choice when I’m looking to diversify my IRA. With a large number of precious metals brokers out there, My Private Bullion would be a mid-pack choice. Because they lack online reviews and a more extensive product selection, it is difficult to recommend them highly.
While great for education and information, My Private Bullion is lacking in some important areas, which gives them a neutral recommendation; you could do better but you could also do worse. It is important to check out their website for yourself and judge based on your unique investment needs.