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Lear Capital Reviews Reveal Why Investors Choose To Obtain Bullion

With the historic ability to retain value, act as a hedge against inflation, and other benefits precious metals can potentially provide, numerous investors have purchased gold and silver bullion, according to Kevin DeMeritt, founder and chairman of precious metal firm Lear Capital.

Bullion coins typically have a standard finish. Their price is based on the weight of their precious metal content and the current spot price of the metal.

American Gold Eagle coins are one example. Introduced in 1986, their weight, content, and purity are guaranteed by the U.S. government. They are one of the most popular types of coins, according to Lear Capital, and come in 1/10-ounce, 1-ounce and other weights.

Opting for Physical Precious Metal Assets

Investors might purchase precious metal bullion coins to hold them in a self-directed individual retirement account, which can provide tax benefits: Contributions are made on a pre-tax basis, and taxes are deferred until the holder takes distributions. If precious metals are part of a traditional Roth IRA, the contributions are made on an after-tax basis, which essentially equates to tax-free withdrawals.

To be eligible for inclusion in the account, items must have a certain precious metal composition. Generally, gold bullion coins need to have a fineness of at least 0.995. Silver bullion must have a fineness of 0.999 or greater.

“The government has made these rules that the precious metals have to have a certain fineness to them to qualify for an IRA,” Kevin DeMeritt says. “If it has that quality, then you can add it to an IRA; if it does not, then you cannot — with the one exception being an American Eagle [coin], which does not have that fineness, but the government [allows it].”

To obtain the associated tax benefits, physical precious metal assets you purchase for inclusion in an IRA must be stored in a recognized financial institution or IRS-approved depository. 

Richard H. is one of the portfolio holders who decided to procure precious metals.

“My wife and I were looking for an investment strategy to help us protect our retirement assets against the impending inflation and devaluing of the dollar,” Richard said in a Lear Capital review shared on Google. “We were pleased with the information we received, and we decided to move our IRA accounts over to invest in gold and silver. The process was very smooth and quick and we are now precious metal investors.”

The dollar’s status was also a concern for Brenda V.

“I am quite anxious about the banking/investing/liquidity of the USA and its designation as the world’s reserve currency,” she wrote in one of the Lear Capital reviews posted on the Trustpilot platform. “I contacted Lear Capital to learn about putting some of my savings in precious metals. I had never gone [through] the process in the past.”

With Lear’s assistance, Brenda made her first investment in precious metals.

“Everyone treated me with respect and had great patience with me, especially in trying to understand my risk-tolerance,” she said. “My anxiety level is greatly reduced knowing I’ve done what I can to protect my savings.” 

Other Reasons Investors Chose Precious Metals 

After what Glenda S. describes as several years of frustration with the performance of her 401(k), she decided to invest in physical precious metal assets.

“I contacted Lear Capital and voiced my frustration and secured my savings in silver!” she said in one of the Lear Capital reviews published on Trustpilot. “I am very pleased with their service and I look forward to a prosperous future with them!”

Eric W., too, was interested in obtaining precious metal assets when he reached out to Lear Capital.

“I wanted to diversify my portfolio but was hesitant as I did not have much knowledge about the precious metals market,” he said in one of the Lear Capital reviews on Google. “[The representative] at Lear Capital made this investment very easy to understand. [He] made me feel confident that I was doing the right thing.”

Sherri W. transitioned from having a traditional IRA to a silver-backed IRA.

“Because we were new at this, we needed lots of assistance, and Lear was there to help us,” Sherri wrote in one of the Lear Capital reviews found on Google. “They answered all of our questions in terms we could understand. During these unsettled times, I’m relieved to know Lear Capital is there to help protect my hard-earned wealth!”

Wayne C. and his wife moved from having 401(k) accounts to precious metal IRAs with help from Lear Capital. 

“We can’t thank Lear’s management and Glenn enough for truly caring and helping [to] secure our retirement savings,” he said in a review he shared on Google.

According to Angel C., who posted another of the Lear Capital reviews that are available on Google, the representative he worked with from the company helped him rollover his retirement accounts, which has allowed him to have precious metal-backed accounts.

“There is something about knowing that you have actual physical value stored safely — and to have the assistance of someone who shares the same values as you,” Angel wrote. “I was surprised how they actually help you out throughout the process and walk you through.”

While a number of investors obtain bullion with the intent of holding it in an IRA, Lear Capital also at times provides precious metal assets to customers who want to personally retain the items — possibly because they’d like them to be immediately accessible.

Mike G., for example, bought precious metal assets to keep at home; he described the purchase as a positive experience in one of the Lear Capital reviews that are available on Google.

“I recently purchased some gold bullion coins from Lear Capital,” Mike said. “My purchase showed up in about two weeks. Shortly after that, [a representative from the company] contacted me to make sure I received what was ordered. The process couldn’t have been easier, and I will be using them again for any future orders.”