Did you come across My Private Bullion while searching for the best precious metals investment company? Are you thinking about working with them to add precious metals to an IRA or purchase some coins and bars as a personal investment? If so, it is always a good idea to do your homework and learn more about a company and how they operate.
We're here to help you accomplish this goal. We've compiled all the essential information you'll want to know about My Private Bullion. So, continue reading to decide whether they're the best company to match your needs.
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About My Private Bullion
My Private Bullion was founded by Alex Viera in 2009. Viera started the company with the goal of helping to educate and empower the company's clients about the various benefits investing in precious metals could deliver for their financial futures. The company helps individuals add physical precious metals to their IRA or other retirement account types.
Another aspect of the services offered by My Private Bullion is helping their clients minimize the taxes they'll pay at the time they receive their distributions. This helps keep more money in the hands of individuals for their personal use.
The team at My Private Bullion takes a very personalized approach. They want to hear more about the financial and investment goals of each client, and then use this information to offer specific advice to help.
As we mentioned earlier, My Private Bullion believes in educating and empowering their clients. In addition to the personalized attention you'll receive, you can also access the company's knowledge base through the website. This section of the site includes a lot of helpful information and common questions about adding gold, silver, and other precious metals to a retirement account.
Gold IRA vs Private Solo IRA
Gold IRAs are one of My Private Bullion's specialties. A Gold IRA is one type of Self-Directed IRA that allows you to hold physical precious metals instead of stocks or bonds.
Investing your some of your money in a Gold IRA, rather than in the stock market, helps to diversify your portfolio and protect you against some of the ups and downs of the stock market.
Another alternative to a Gold IRA that is offered by My Private Bullion is a Private Solo 401K. This type of retirement account allows a business owner to set themselves up as the trustee for their retirement account. There are some restrictions and qualifications that must be met to be eligible for this type of IRA. If you'd like to learn more about determine whether the self-employment income you generate makes you eligible, contact a member of the My Private Bullion team.
Precious Metals Available Through My Private Bullion
While some other precious metals investment companies only offer gold and silver coins and bars, My Private Bullion clients can also invest in platinum, palladium, and rhodium. Below, you'll find a little more information about each investment option, as well as some of the different coins and bars available for you to choose from.
Gold has been a highly-sought after precious metal for numerous years. There is no sign that that will be changing anytime soon, making now the perfect time to add gold to your investment portfolio. When it comes to adding gold to an IRA, you can choose from gold bullion bars and gold bullion coins that are at least 99.5% pure. Below are some of the IRA-eligible gold coins and bars offered by My Private Bullion:
Silver is another popular precious metal. In addition to the many personal uses for silver, it continues to become more and more valuable for industrial and manufacturing purposes. Silver coins and bars must be at least 99.9% pure in order to be held in a Precious Metals IRA. Here are some of the silver bullion pieces you can choose from with My Private Bullion:
Interested in adding another valuable and rare precious metal to your portfolio? Consider platinum. Here are the different platinum bars and coins that My Private Bullion offers their clients:
Palladium has risen to become the most valuable of the four most popular precious metals. There is actually a shortage of palladium, which is only driving up the value even more. My Private Bullion offers a few different palladium bars and coins for their clients to choose from. These include:
Rhodium is a precious metal that you don't see offered by many dealers. That is not the case with My Private Bullion. You can add the 1-ounce Rhodium Tuvalu South Sea Dragon Coin to your portfolio when you choose to work with the company.
Pros & Cons of My Private Bullion
My Private Bullion may be the right company for you if you're looking to add precious metals to your retirement portfolio. The team at My Private Bullion works to keep the investment needs of each individual in mind as they recommend strategies and resources to help you grow your portfolio. Do you think My Private Bullion is right for you? Or are you still looking to learn more about the other precious metals investment companies out there before making a final decision?
Don't forget to check if this company made our top companies list!