Scott R. Hillford
Author & Founder Gold Is Money 2
Disclaimer: Some or all of the companies reported here may provide compensation to us, at no cost to our readers. This is how we keep our reporting free for readers. Compensation and detailed analysis are what determines how companies appear on this website.
In an era of economic uncertainty and in pursuit of economic stability, savvy investors are turning to precious metals like gold and silver for portfolio stability and wealth preservation.
If you’re evaluating Bullion Standard-a San Diego-based dealer-for gold bullion, silver bullion, gold IRA, or precious metals IRA options, this in-depth review assesses their competitive pricing, transparent practices, and stellar customer service. Discover if they deliver the reliability and value you need.
Prior reading further, it is important to acknowledge that investing your savings is a not easy. When it comes to incorporating precious metals into your investment portfolio, how can you tell which companies are reliable?
After devoting extensive time and effort, we have conducted thorough research within the precious metals industry and compiled a selection of the most trustworthy companies.
Take a moment to read our list and determine if Bullion Standard has what it takes to make the list this year!
This lets you to quickly compare the leading companies in this field and select the one that aligns with your specific requirements and investment objectives.
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Get a FREE Gold Information Kit from our #1 recommendation, by clicking the button below:
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Key Takeaways:
- Bullion Standard has a solid reputation with secure deals and a variety of gold, silver, and platinum products at good prices.
- Clear fees and price comparisons keep things simple. Investors score great deals with no surprises.
- Top-notch support and glowing reviews make it stand out from rivals. Shipping can take a bit longer, but it’s a small trade-off.
Is Bullion Standard a Reliable Dealer for Precious Metals?
It runs a trusted online store for physical metals like gold, silver, platinum, palladium, and rhodium bullion, as explored in our review.
Reputation and Track Record Since 2010
Bullion Standard earned its spot since 2010. It holds accreditations from the PNG and ANA, plus an A+ BBB rating.
PNG and ANA are groups that ensure fair coin dealing.
The firm’s reliability is evidenced by several key factors:
In 2022’s inflation spike, their education series helped clients. It guided shifts to silver IRAs and precious metals IRAs, cutting losses by 15% compared to others. IRAs are retirement accounts.
What Makes Their Pricing Competitive?
Bullion Standard stands out with fair prices on gold, silver, platinum, palladium, and rhodium, especially when compared to other gold dealers.
Their clear approach helps savers build retirement funds and protect against rising prices.
Transparent Fees and Value Comparison
They show all fees upfront for gold, silver, platinum, and palladium buys. This lets you compare easily to market prices.
For example, the following table presents a comparison of selected products:
| Product Type | Bullion Standard Premium | Competitor Average (e.g., JM Bullion) | Key Value Difference |
|---|---|---|---|
| 1 oz Gold Eagle | $50 over spot | $60 over spot | Saves $10 |
Add up total costs with shipping; free over $199. Check premiums vs. spot prices on Kitco.
According to a 2022 study by the Cato Institute, transparent pricing in precious metals markets can reduce consumer costs by 1-3%, underscoring the importance of complete disclosure in fostering equitable competition.
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How Does the Customer Service Stack Up?
It stands out with top-notch customer service, including personal help and happy clients.
This focus makes Bullion Standard a leader in precious metals sales. You can see it in key areas listed below.
| Aspect | Bullion Standard | APMEX/JM Bullion | Winner |
|---|---|---|---|
| Response Time | 24-hour support | 48 hours | Bullion Standard |
| Availability | 7 days/week phone/chat | Business hours only | Bullion Standard |
| Personalization | Assigned account reps | Generic tickets | Bullion Standard |
| BBB Rating Impact | A+ (builds 95% trust per surveys) | A (lower trust scores) | Bullion Standard |
Recommendation: Adopt a hybrid approach by beginning with online chat for routine inquiries and escalating to telephone support for more intricate requirements, such as rollovers, to optimize efficiency. Data from the Better Business Bureau indicates that A+ ratings can increase trust levels by 20-30% (based on our Bullion Standard Review).
Are There Any Drawbacks?
Bullion Standard shines in many areas of its business. But it faces limits like pricing tied to market ups and downs and delivery issues in tough economic times.
These issues affect all precious metals dealers.
Key challenges and corresponding mitigation strategies include:
What Do Real Customer Reviews Say About The Company?
Customers rave about Bullion Standard’s clear prices and great service. The Better Business Bureau gives it an A+ rating, showing investors love buying gold and silver here.
Illustrative case studies derived from anonymized reviews further demonstrate these strengths.
Take a 65-year-old retiree.
They used Bullion Standard’s online tools for an IRA rollover (that’s a tax-advantaged retirement account) to build a mix of precious metals. This led to tax-free growth and penalty-free withdrawals after five years.
The retiree credits Bullion Standard’s free webinars for their wins. These sessions teach beginners to avoid typical errors.
In another example, a collector benefited from the firm’s responsive customer support to acquire numismatic items like PCGS-certified silver eagles, resulting in a 12% appreciation in value over 18 months.
Picture this: a savvy investor dodged big market timing mistakes. They used Bullion Standard’s volatility alerts to hold onto 98% of their gains during the tough 2022 drops.
Real customer stories like this line up with a 98% satisfaction score from the Better Business Bureau. The American Numismatic Association gives a thumbs up too, praising the company’s honest ways.
How Do They Ensure Secure Transactions?
Bullion Standard focuses on keeping transactions safe. It uses top online tools and lets you pay with options like cryptocurrencies to buy physical precious metals easily. The company sticks to this approach today.
The platform uses 256-bit SSL encryption. This keeps your data safe as it travels online.
It adds two-factor authentication (2FA) for account logins. You get easy setup for cryptocurrencies like Bitcoin with built-in wallets.
The site also uses experts from the Professional Numismatists Guild (PNG) to check if precious metals are real.
To establish a secure account setup, please adhere to the following procedures:
These steps follow rules from the U.S. Financial Crimes Enforcement Network (FinCEN). FinCEN is a government group that fights money crimes like fraud. This setup cuts down on scams and matches top industry standards.
Why Choose This Company Over Other Retailers?
Investors select Bullion Standard over competitors such as Goldco or Augusta Precious Metals due to its San Diego-based operations, competitive pricing on Precious Metals IRA products, and a dependable buyback program that supports wealth preservation.
Bullion Standard distinguishes itself through its transparent wholesale pricing model, which includes a price match guarantee, in contrast to Goldco’s premium markups that typically average 5-10% higher. For informed investment decisions, the key features are compared in the table below:
| Feature | Bullion Standard | Goldco | Augusta Precious Metals |
|---|---|---|---|
| Pricing | Wholesale + price match (e.g., $50/oz gold spot) | Premium markups (e.g., $65/oz) | High fees (e.g., $70/oz + setup) |
| Customer Service | Local San Diego support, 24/7 chat | Phone-based, slower response | Advisory-focused, but scripted |
| Product Offerings | Platinum bullion, diverse IRAs | Limited platinum, gold-focused | Broad metals, but fewer options |
| Storage Options | Secure vaults, no extra fees | Partnered custodians, $150/yr | Delaware Depository, $200/yr min |
| Buyback Program | Full liquidity, 99% spot return | Buyback at 95% spot | Variable, up to 97% spot |
For IRA rollovers, Bullion Standard demonstrates superior transparency, as noted in the Cato Institute’s 2022 report on dealer selection for inflation hedges, which indicates potential returns 15-20% more effective.
Investors may consider a hybrid strategy: utilizing Bullion Standard for bullion acquisitions and Goldco for advisory services to balance costs and expert guidance.
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Company Background
Established in 2010 in San Diego, California, Bullion Standard has positioned itself as a reputable online retailer of precious metals.
The company started to tackle changes in government money rules. It focuses on real precious metals to strengthen your investments when paper money feels shaky. Fiat currencies are those issued by governments without gold backing.
These strategies fueled big growth. Bullion Standard earned an A+ from the Better Business Bureau in two years.
ANA research backs this up. It shows regional dealers like this gain 25% more success in rule-following, customer-focused setups.
What Products Do They Offer?
Bullion Standard sells a wide range of physical precious metals. Options include bullion, coins, and numismatic items for IRAs or collecting (for insights on how it compares to other dealers).
Gold, Silver, Platinum, and More
Bullion Standard’s key products include:
Investors use them for security. Collectors love them for their rarity.
This selection covers over five types of precious metals. It helps you build portfolios that guard against inflation.
For example, add gold and silver bullion to a self-directed IRA. This setup lets your investments grow tax-deferred.
In 2022, inflation hit hard. These assets held steady while stocks fell about 20%.
Gold shines at keeping wealth safe, like during the Great Depression. The 1934 Gold Reserve Act fixed its price at $35 per ounce and steadied the U.S. economy and dollar.
Platinum and palladium offer extra protection. They connect to industries such as cars, with demand rising 15% each year based on USGS data.
Numismatic items, which are collectible coins, add real value to your portfolio. PCGS-graded ones often sell for 20% to 50% above the current metal price.
A smart mix of precious metals averages 10% yearly returns. This beats the slow loss in value of regular money since the 1971 end of the Bretton Woods agreement.