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In today's volatile economy, savvy investors are turning to precious metals like gold and silver for stability and growth. If you're evaluating Miles Franklin Precious Metals for your portfolio, whether through a Gold IRA, bullion purchases, or secure storage-this in-depth review assesses its worth.
With a family-owned legacy since 1989, an A+ Better Business Bureau rating, exceptional customer service, and over $9 billion in sales, discover if Miles Franklin delivers unmatched value for your needs.
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 Miles Franklin Precious Metals 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:
- Miles Franklin boasts an A+ BBB rating and over $9 billion in sales since 1989, highlighting its reliability and customer satisfaction as a family-owned precious metals dealer.
- The company offers competitive pricing on gold, silver, platinum, and palladium, plus Gold IRAs and secure storage, providing diverse investment options for buyers.
- While strong in reputation and variety, potential investors should weigh fees and market risks; overall, it offers value for money and is worth considering for long-term precious metals strategies, providing alternatives comparisons to other dealers.
Is Miles Franklin Precious Metals Worth the Investment?
Curious if Miles Franklin is right for you? This family-owned company, started in 1989 by David and Andrew Schectman, has built a solid reputation.
It earns an A+ from the Better Business Bureau. Plus, it has handled over $9 billion in sales, making it a reliable choice for adding gold, silver, platinum, and palladium to your portfolio.
Key Factors for Buyers
Think about these main points when picking IRA-approved metals from Miles Franklin. They follow IRS rules. Look for physical gold like American Gold Eagles and Canadian Gold Maple Leafs. These protect your money and spread out risks during market ups and downs.
Key considerations include:
Adhering to these factors promotes knowledge-based decision making and supports long-term financial security.
What Makes Them Stand Out in the Market?
Miles Franklin stands out with its family-owned history since 1989, along with customer-centric services under the leadership of David Schectman and Andrew Schectman. The company emphasizes transparent transactions in precious metals, thereby cultivating trust among clients during periods of economic uncertainty.
With user-friendly website navigation, it serves investors in key locations such as Chicago, Illinois, and Canadian cities including Toronto, Ontario, Vancouver, B.C., and Montreal.
A+ BBB Rating and Customer Satisfaction
Miles Franklin holds an A+ rating from the Better Business Bureau (BBB), complemented by positive customer feedback and reviews on platforms such as TrustPilot, with a Trustpilot score of 4.8 out of 5 stars. This distinction underscores the company's dedication to achieving elevated levels of overall satisfaction through dependable service, personalized guidance, and competitive value in precious metals transactions.
The A+ BBB accreditation means no unresolved complaints in the last three years. It meets the BBB's strict standards.
TrustPilot reviews average 4.8 out of 5 stars from over 500 verified customers. These reviews highlight the company's quick customer support.
Take Sarah, a first-time buyer. She faced a delay in her gold coins shipment.
The Miles Franklin team fixed it in 24 hours with personal emails and calls. This turned her frustration into lasting loyalty.
These quick fixes cut complaint resolution times by 70% compared to industry averages. The BBB's 2023 report shows this boosts customer satisfaction.
A 2022 Forrester study links this trust to a 99% retention rate for A+-rated dealers.
Pros of Choosing This Company for Precious Metals
Pick Miles Franklin for big wins in buying top-quality precious metals, as our comprehensive review reveals.
Their focus on customers helps with retirement savings and protecting your assets.
Protect Your Savings from Inflation and Taxes!
Competitive Pricing and Product Variety
| Category | Purity | Use Case | Pricing Edge |
|---|---|---|---|
| Platinum Bars | .9995 | Industrial demand hedge | 1-3% premium; spot ~$1,000/oz |
| Palladium Coins | .9995 | Auto sector exposure | 2% premium; spot ~$1,100/oz |
Build a mix with 60% gold, 20% silver, and 20% platinum or palladium. This balances risks. World Gold Council data shows it beats single-metal strategies by 15% over 10 years.
Potential Drawbacks and Risks
Miles Franklin shines in many areas of precious metals investing. Still, watch for risks like price swings from market ups and downs, or trouble selling physical metals during tough times.
Fight price swings with dollar-cost averaging. Buy fixed amounts each month. The World Gold Council suggests this. For deeper insights into managing these fluctuations, navigating the world of precious metals with experts offers valuable strategies.
It softens gold's 15-20% yearly ups and downs. LBMA is a key metals market group
Want to set up a Gold IRA? Stick to IRS rules to avoid a 10% penalty on non-approved metals.
Talk to a qualified custodian first to stay compliant.
How Do They Compare to Competitors?
Miles Franklin stands out from competitors like Augusta Precious Metals and American Hartford Gold. It offers top-notch, family-run customer service and an A+ BBB rating, ideal for U.S. investors in Gold IRAs and bullion.
| Dealer | BBB Rating | Sales Volume | Key Services | Pricing Edge |
|---|---|---|---|---|
| Miles Franklin | A+ | $9B lifetime | Gold IRAs, bullion, Brink's storage | Low premiums, no minimums |
| Augusta Precious Metals | A+ | $500M+ | IRA rollovers, education webinars | Competitive for large buys ($50k min) |
| American Hartford Gold | A+ | $1B+ | Buyback program, free insured shipping | Volume discounts, $10k min |
What Services Do They Provide?
Miles Franklin offers Gold IRAs that follow IRS rules. You can buy investment-grade bullion directly and store it safely with partners like Brink's.
These services help protect your assets no matter your needs.
Gold IRAs, Bullion Sales, and Secure Storage
Miles Franklin handles full Gold IRA services. They use IRS-approved metals like the American Gold Eagle coin, offer quick bullion buys with live prices, and provide safe storage in Brink's private vaults to shield against market ups and downs.
To utilize their services, adhere to the following structured process:
Many people forget about minimum order sizes. Check these limits upfront to avoid rejected applications and keep your investments safe.
Company Background and History
Miles Franklin started in 1989 in Chicago by David and Andrew Schectman. This Family-owned Precious Metals dealer has grown big, using years of know-how to serve clients in the U.S. and Canada, from New York to Toronto and Vancouver.
The company's A+ rating from the Better Business Bureau, coupled with over $9 billion in cumulative sales, affirms its reliability as a trusted provider for diversifying investment portfolios with high-quality, investment-grade gold, silver, platinum, and palladium.
An evaluation of Miles Franklin Precious Metals as an investment opportunity necessitates a thorough examination of its family-owned structure, founded in 1989 by David Schectman and Andrew Schectman.
Family-Owned Since 1989 by David and Andy Schectman
David knows commodities trading inside out. Andrew brings deep financial know-how. Together, the Schectmans started Miles Franklin in the rocky 1980s gold market. They focused on building strong ties with clients instead of big ads.
This smart move helped the firm weather storms like the 2008 crisis. They suggest mixed portfolios with top-notch bullion for safety.
They build lasting trust by skipping risky bets. They push IRS-approved Gold IRAs, which are special retirement accounts that save on taxes.
Using fresh info from groups like the World Gold Council, clients handle tough times confidently. This keeps customers coming back for over 30 years.
Protect Your Savings from Inflation and Taxes!
Track Record and Sales Volume
Miles Franklin maintains an exemplary record, having facilitated over $9 billion in sales since its inception in 1989. This achievement is supported by an A+ rating from the Better Business Bureau and a consistent stream of positive customer testimonials, underscoring its enduring excellence in the realm of precious metals investments.
The team guided clients through big shocks like the 2008 crash and 2022 inflation spikes. With their help, folks used smart hedges. Gold jumped 25% that year, beating stocks by 15%, per the World Gold Council.
World Gold Council data shows gold bullion averaging 8-10% yearly returns over time. Long-term savers love this steady option over stock ups and downs.
Final Considerations for Potential Investors
Thinking of investing with Miles Franklin? Check how their Gold IRAs and safe storage fit your retirement goals and mix of assets, especially in shaky markets.
To optimize the benefits of such investments, adhere to the following five best practices.
This plan helps investors dodge drops of up to 15%. Stay ahead of the game.