The Birch Gold Review below is brought on by the increase in the number of individuals investing their retirement assets in gold and other precious metals. The IRS makes it possible for people with 401k or IRAs (Individual Retirement Accounts) to use the money in the purchase of precious metals like gold and silver. Those precious metals are then viewed as an integral part of the 401k or IRA investment fund.
It is important to note that if your retirement scheme is a 401k , that means it is regulated by your employer ,therefore you may not have the choice to invest in precious metals . Secondly, you might only be in a position to invest in a 401k scheme in precious metals if you already have retired from the employment for which the scheme was established . These constraints do not affect IRAs.
There is a great deal of curiosity about the conversion of IRA or 401k assets into precious metals , and that has prompted numerous precious metal dealers to actively focus on people with 401k or IRA plans in their marketing efforts . Since thesedealers are eager to sell their products , those people who do respond to the businesses in question need to make sure that they are dealing with a reputable organization.
The internet has made it much easier for traders to evaluate any company trading in the US. Those who are considering shifting all or part of their 401k or IRA revenue into precious metals ought to take advantage of this convenience before making any deals.
Birch Gold Group is just one of the many organizations providing professional services to people who want to use 401k or IRA resources to invest in gold and silver or other precious metals. The company, based in California, has established a solid reputation, and it seems like they might be a good choice for individuals that want to roll their retirement schemes to precious metals.
The BBB
A great place to begin from is with the BBB (Better Business Bureau). The BBB screens companies to ascertain they are adhering to the Bureau’s mission statements. Trust and ethics are vital aspects, and they are very important in relation to financial dealings. Our Birch Gold Review discovered that the business has an A+ ranking with the BBB. That is the highest rating that the BBB gives a company, therefore that is a positive point.
The BCA
As part of our analysis, we examined the company’s ranking on the BCA (Business Consumer Alliance). The BCA keeps track of complaints against companies using quite sophisticated computer software. As with the Better Business Bureau, marks or ratings are given businesses, and, yet again, Birch Gold Group has obtained the highest rating possible from the BCA, that is to say AAA.
Moreover, it must be observed that there are not any complaints registered against Birch Gold Group on the BCA site. That does not mean that everybody is satisfied. As we will find out later in this analysis, some people are not pleased with the way the business works, and it would seem that some people simply did not take the time to report any issue to the BCA.
We looked over the company’s ranking on a few review sites. On TrustLink, the firm has obtained a 5-star rating, but has only 29 reviews. TrustLink was established by the BBB to offer consumers a way to share their experiences, both positive and negative, with businesses.
An online search will show that there are some very serious question marks about this specific organization. There are several negative reviews about their unwillingness to share information about its configuration. The company’s site has hardly any details about the firm, aside from basic contact information.
There is not any background information about the company directors or management, and there is nothing about the company’s history. That contrasts with the majority of trustworthy businesses, who give plenty of corporate details for viewers.
Questionable Sales Approaches
Several online complaints about the organization relate to the manner in which it sells gold. Those on the lookout for 401k or IRA investment opportunities are normally encouraged to invest in gold bullion. Even so, lots of people have complained that Birch Gold Group tries to sell them collectible gold or silver items, for instance coins, and that the business charges more than the market price for those products. Complainants claim that the rates they were quoted were up to 30% above market rates.
There have also been complaints that the company is more like a telemarketing business than an investment advisor. People report that the company’s employees appear to be reading from prepared scripts, and therefore are unable to adequately address issues that may not be included in those scripts.
