There is no lack of precious metals companies out there if you’re looking to invest. Just do a quick search and you’re going to come up with hundreds, if not more, of these companies. How can you tell if the companies you’re looking at are a good fit for you and your investment portfolio?
It can be difficult to make that determination, especially if you’re a newcomer to the precious metals investing world.
Fortunately, it does not need to be super difficult as we’ve done much of the legwork for you. And, if you’re considering Rosland Capital for your investment needs, you’ll want to keep reading this review to find out if they deserve your hard-earned money, or if you should look elsewhere.
Who is Rosland Capital?
Rosland Capital was founded by CEO Marin Aleksov in 2008 and maintains its headquarters in Santa Monica, California. While still considered a newcomer in the precious metals industry, Rosland Capital benefits from the over 20 years of experience that Aleksov brings to the table. And if it matters to you at all, celebrity endorsements have helped Rosland Capital and include the likes of Bill O’Reilly, William Devane, and G. Gordon Liddy.
If celebrity endorsements aren’t really your thing, you may be more interested in customer reviews. After all, they’re the “common folk” like you and they are going to give you a more honest opinion than someone who is paid to endorse a product.
The first place to look at a company to see if they are reputable is The Better Business Bureau (BBB). The BBB gives Rosland Capital an A+ rating, which is encouraging! But, if you decide to delve deeper into other review sites, you’ll see that the consumers on Trustlink aren’t as impressed with their services.
Let’s take a look at why…
Some of the most common complaints against Rosland Capital are regarding their customer service. Investors state that actually speaking with a customer service representative is difficult to do. They are hard to get in touch with and when you do speak to them, they use dishonest sales tactics, they come across as rude and aggressive, and they charge high commission rates.
Another complaint against Rosland Capital is their markup rate on their products. Customers have stated that the prices they’ve been charged for gold, silver, platinum, and palladium bullion and coins has far exceeded the fair market value of those products. This then makes reselling the products at a later date much more difficult as you’re not going to get near what you paid for it.
Finally, Rosland Capital utilizes shared storage for investments. Many reputable companies will have segregated storage options, but Rosland Capital places all investments in together.
And this is just a few of the problems, please research for yourself to see what other issues have come up, including ordering issues and delivery issues.
Now, don’t think we’re knocking Rosland Capital because we’re not. We just feel that we should point out the bad along with the good so you can make the right decision for you and your investment portfolio.
Services Offered by Rosland Capital
Rosland Capital specializes in gold IRA’s. They also state that they specialize in educating the consumer about gold IRA’s, which is also helpful, especially if you’re new to the game.
The main metal that you’ll find on the Rosland Capital website is gold, but they also have silver and platinum with the rare find of palladium on occasion. If you’re more looking for collector coins, Rosland Capital has those too, although they would not be eligible for an IRA account. These coins are more to commemorate events or occasions and they are considered a risky investment because their growth potential isn’t guaranteed.
Setting Up a Gold IRA
Setting up a gold IRA with Rosland Capital can be completed in three easy steps, which include:
- Set up the IRA account – Rosland Capital streamlines a process that can definitely be overwhelming. They are experts and they take care of the paperwork and send you everything you need to look over and sign. Once the account is set up, you can begin step 2.
- Choose your assets – Once your IRA account is set up, you can then start choosing your products. A representative will be available to answer any questions you have, which is very helpful.
- Fund your account – You can choose how you want your account funded, which can be from your own savings or a rollover of an existing account.
Once your account is funded, your purchases will be sent to their IRS-approved depository located in Delaware. While many other precious metals companies have the option of segregating your purchases, you will have to use their shared depository. Don’t fret, though, your items will only be accessed by your or your custodian and they will be fully insured.
There will be fees associated with setting up your IRA account, including a $50 set-up fee, and a minimum $225 custodian fee annually, and if you intend to set up a gold IRA, you must have a minimum of $10,000 to invest.
The Final Verdict on Rosland Capital
Rosland Capital provides investors with the basics. Some customers have given Rosland Capital glowing reviews and have nothing but great things to say about their services, but others have had different experiences, which you can find all over the internet.
These bad reviews tend to give us a little pause about recommending Rosland Capital for your investment needs. With so many great companies out there for these services, Rosland Capital wouldn’t be the first choice for us, but we wouldn’t totally discount them if they are the only option for your investment needs at this time.
Before you make a final decision, we recommend that you reread this review, do some web searches, and really delve into the Rosland Capital website to determine if they’re going to be the right investment company for you, or if there might be better options out there, especially when it comes to your hard-earned money.