American Bullion Review – Complaints & Scams
Investment is a topic that deserves careful consideration, especially when you want to put your hard-earned money into precious metals. In order to help you get your money’s worth from precious metal investment opportunities, we’ve put together this series of write-ups to help you learn more about your gold investing options. Today’s focus will be on American Bullion, Inc.
American Bullion is dedicated primarily to helping individuals establish precious metal retirement accounts that hold assets in gold and / or silver. The company also sells the metals directly to collectors and investors, but their main interest is in IRA creation. American Bullion is particularly helpful if you want to rollover funds from existing investment accounts, IRAs, 401(k)s, and so on into a bullion IRA. The company is headed by CEO M. Ozkan and President Nevtan Akcora, both of whom have extensive financial and investing experience.
One highlight of American Bullion is that they offer a very extensive library of investment information through their website. Investors at all levels of experience and capitalization will find helpful info and specific guides spread across several different reference pages. It’s all tied together by the company’s “financial resource hub” that aims to provide answers to all of a user’s investment questions. American Bullion also has a regularly-updated blog that serves to keep users abreast of the latest investment news that might affect them.
On most individual pages at American Bullion’s website, you’ll find handy links to the company’s free gold guides available on the right side of your screen. These guides are strongly recommended for novice investors who are looking for basic guidance on gold investment. We’ve studied the company’s guide carefully and found it to be very honest, informative, and useful. If you want to enter the world of precious metal IRAs as a well-informed investor, these guides can help you get there.
The American Bullion website is geared more toward informational purposes than toward making “hard” sales. In fact, you can’t purchase metals through the site directly. The company would prefer that you reach out by speaking to one of their gold IRA specialists over the phone in order to start planning a precious metal IRA. Your initial impression of their website might be that the company only helps prospective buyers find reputable sellers, but it does, in fact, sell European and American bullion coins minted prior to 1933. They sell precious metals in a variety of other forms, and they deal in palladium and platinum as well as gold and silver.
Establishing that the company you work with is trustworthy is very important in all financial matters. American Bullion has an impressive array of certifications and trusted business relationships. American Bullion’s professional associations include:
- Professional Coin Grading Service – authorized dealer
- Industry Council for Tangible Assets
- American Numismatic Association
- National Guaranty Corporation – authorized dealer
- United States Mint – listed dealer
If you check in with the Better Business Bureau site, you’ll find that American Bullion, Inc. (based in Los Angeles, California) is an accredited company, and has been since 2011. They have accumulated just six complaints over the last three years, which is an exceptionally strong record for a company of this size. The company has also actively sought to satisfy customers; it’s resolved three of its BBB complaints within the past year.
American Bullion, Inc. has also earned a 5-star rating from TrustLink, another significant business review website. American Bullion’s TrustLInk rating is based on 37 reviews, all of which are primarily or entirely positive. The Business Consumer Alliance is another trusted voice which has spoken in favor of American Bullion, assigning the company its highest score – AAA. American Bullion has also maintained this rating since 2011. The BCA website lists only two complaints against the company in the past three years, and both of them have been satisfactorily resolved.
Before you invest significant amounts of money in gold or silver, it makes sense to do due diligence. Hopefully, this article has helped you get that process started, but remember that you can and should learn more before you make any investment commitments. You’ll find similar information about other gold IRA companies on our site, and we also post video reviews on YouTube as we feature different investment companies. Best of luck with your precious metal investing!
American Bullion Standard Fees: Annual fee of $250 (flat rate or scaled)
American Bullion is a fixture in the precious metals industry. Their primary focus is helping investors convert some or all of their existing retirement assets (e.g. IRAs, 401(k)s) into precious metals such as gold. American Bullion can also help customers start brand-new retirement accounts for individuals who want to start saving for their later years by purchasing physical gold and silver. If you want to get a first-hand look at what American Bullion can do, request the company’s free gold kit. It contains a lot of useful information about precious metal investing, the company’s products and services, and how existing retirement assets can be converted partially or fully to metals. We strongly recommend this informational packet; you should find it very educational.
Besides gold bullion, American Bullion also deals in silver bullion (IRA-grade), palladium, and platinum. Other assets on offer include US bullion coins and European bullion coins minted prior to 1933. Thanks to their diverse offerings, American Bullion is popular with collectors as well as retirement investors.
American Bullion’s professional accreditations include:
* U.S. Mint Listed Dealer
* American Numismatic Association
* Better Business Bureau Accredited Member (A+ Rating)
* Business Consumer Alliance Accredited Member (AAA Rating)
Investors who are just starting to learn about their physical metal investment options should be ok with American Bullion. Collectors who are looking to purchase rare bullion coins will also find something to like about the company. However, when it comes to gold IRA investing, we highly recommend considering Regal Assets.
American Bullion Complaints
BCA Rating: AAA, 2 complaints in the last 3 years
BBB Rating: A+, 4 complaints in last 3 years
Yelp Rating: 2,7 stars (2,7/5) based on 7 reviews
TrustLink Rating: 5 stars (5/5) based on 37 reviews
American Bullion Ripoff Report: /
Address: 12301 Wilshire Blvd #650, Los Angeles, CA 90025, USA
Phone: 1 (800)-653-4653