Beverly Hills Precious Metals Exchange is a notable player in the precious metals arena. They have been boasting a commendable track record spanning multiple decades. This record will be examined in this Beverly Hills Precious Metals review.
The company takes pride in its client-centric approach and ability to cater to a diverse clientele. This is especially so when you see how they handle beginners. From newcomers to seasoned investors, it does not matter to them.
In this guide, you will understand how the company aids in helping you fortify your portfolios with gold and silver. The guide will also cover how the company examines the world of coin collecting. Aside from this, you will learn about the company’s services, its members, and everything else that may affect your experience.
But before we get started with this review, here is something important that you should know!
I realize that choosing a company to invest your life saving is an integral decision. Because of this, I do my best to ensure the validity of information mentioned in my articles! I do all of this to guarantee you pick the best financial choices for them.
After carrying out through research and reviewing dozens of companies, I created a list of various gold companies and their reviews. It should help you in deciding the company most suitable for you and your needs.
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Table of Contents
- 1 Beverly Hills Precious Metals Overview
- 2 Who Owns This Company?
- 3 Pros & Cons Of Beverly Hills Precious Metals
- 4 How To Get Started With Beverly Hills Precious Metals
- 5 How To Sell Your Precious Metals To Beverly Hills Precious Metals
- 6 Does Beverly Hills Precious Metals Offer A Precious Metals IRAs?
- 7 Beverly Hills Precious Metals Reviews, Ratings & Complaints
- 8 Frequently Asked Questions
- 9 Conclusion
Beverly Hills Precious Metals Overview
Beverly Hills Precious Metals has over 30 years of dedicated service. The company has firmly established itself as a trusted ally for individuals navigating precious metals. Its mission is to empower its clients with all the knowledge and resources.
They do all of this so that you can make informed decisions about buying and selling your precious metals. The people here understand the economy and its volatility. They specialize in providing various safeguards to protect your hard-earned wealth.
The company’s clientele is diverse, and they can easily manage them. Customers range from first-time collectors to seasoned investors, and the company can provide both types with the facilities they deserve.
Their core emphasis is on wealth protection against inflation, yet despite this, they also cater to the diverse requirements of coin collectors and serious investors. This is done by offering comprehensive services, including buying and selling precious metals.
Beverly Hills Precious Metals Exchange stands as a pillar of reliability as they do not just offer their services but also give you a legacy of trust. This is the trust that took multiple decades to build.
Who Owns This Company?
At the helm of Beverly Hills Precious Metals Exchange is Andrew Sorchini, a man who is a visionary leader with a profound history when it comes to precious metals. It spans more than 30 years, which is just as much as the company! Andrew started his journey into the precious metals market during his initial employment.
He has a rich background in the markets and as a collector of precious metals. He materialized his vision by establishing the Beverly Hills Precious Metals Exchange. He did so to extend the opportunity for Americans to embrace precious metals. He wanted the populace to do so from the comfort of their homes.
The owner’s reputation as a trusted precious metal detailer has garnered major recognition. This is mostly from prominent conservative figures. It also extends to his customers, who think he is an overall nice guy. His commitment to excellence and dedication have positioned him as the go-to expert.
Pros & Cons Of Beverly Hills Precious Metals
Precious metal companies usually have various pros and cons that you, as a client, should know about. Many of these pros will have you wanting to join the company as soon as possible. That being said, there are usually some less-known cons that may or may not make you regret your choice.
Here are both the pros and cons of the Beverly Hills Precious Metals Exchange. You can read them below and learn whether the company deserves your trust.
- 30+ years of talented experience
- Great for first time investors
- Lots of educational material on their website
- Quick buying & delivery process
- Most products are not visible on their website
- Customer reviews are mixed
- No IRA services
- No storage partners
How To Get Started With Beverly Hills Precious Metals
If you are convinced the company is for you, you may want to buy some metals from them. This can be tricky as most of their offerings are not visible on their website. The ones that are are only a small fraction of them.
To get the most out of your money, check out the steps below. This section will help you determine how to purchase precious metals from the company.
- The first step of this whole process is that you need to decide your budget. Once you have a proper budget available, you need to see how much percentage of gold/silver you need. Once all of this is decided, you must select from the products they provide.
The company claims that they have a decent inventory of items, but most are not on their website. Your best bet here will be to contact the people of this company, either via the phone or their website. Then you can decide on the products you want to purchase.
- The next step of this whole process is that you will need to purchase the metals. This means that you will need to select from a wide variety of payment options. Some companies offer discounts on certain payment options. It may be beneficial to ask about that before transferring payments.
- You must also choose a third-party storage company, depending on the precious metal choice. This should not be an issue if you get non-IRA precious metals. This is because you can simply store them at home. You will have to store IRA metals in a bank or vault.
Unfortunately, the company does not provide any partners with which you can do business. This is, at least, at the time of writing this article.
How To Sell Your Precious Metals To Beverly Hills Precious Metals
If you want to part ways with your gold, silver, or other precious metals, this is the company for you! Beverly Hills Precious Metals offers a seamless process for both buying and selling. They have a ton of experience regarding this, so you can be sure you will get some great prices.
They aim to simplify the entire selling process. To that end, they have crafted a user-friendly approach to ensure fair transactions. For your convenience, you can find it all detailed below.
- To begin the process, you must schedule a consultation with the company. You can easily do this through their website. If you are not as tech-savvy or prefer a more hands-on approach, just call them. The online approach is available 24/7, and phone calls have a limited window.
- Once you contact them, their dedicated team member will handle the rest. They will furnish you with a purchase price that they think is fair and reasonable. This price will come by taking into account current market conditions. Doing so gets you a great price for your precious metals and bullion.
- If you do not like their price, do not fret! The two of you can agree and negotiate. Upon a mutual agreement on the purchase price, the process can continue. Once confirmed, they will send you a buyback order soon. This will come with the rest of the details and some comprehensive shipping instructions.
- The next step begins once the company receives the physical precious metals you sent. This will expedite the payment process and ensure you receive your payment. This will only occur once the precious metals have been successfully sold to them.
Overall, you are in for a smooth and reliable selling experience that will make sure you get your money’s worth from the company.
Does Beverly Hills Precious Metals Offer A Precious Metals IRAs?
If you are here to open a precious metal IRA, then you are out of luck. The company, as of writing this guide, does not provide the facility to create open accounts. While you can get your hands on some IRA-eligible metals, you will have to open an account yourself.
This also means that you will have to find a proper bank or storage option to hold these precious metals. This definitely does not do the company any favors. There are plenty of companies that you can visit that offer precious metals as well as IRA facilities.
What Is A Precious Metals IRA?
A Precious Metals IRA is a type of self-directed IRA. It stands for Individual Retirement Account. This account allows you to invest in precious metals of all kinds, most notably gold. Unlike traditional retirement accounts, here, you can diversify your retirement portfolio by holding physical precious metals.
Regular IRAs typically consist of traditional assets. These are like stocks or bonds. You diversify them through a wide range of financial assets. Typically, they are managed by a firm or a bank. These investments are held in paper form and are managed by financial institutions.
Precious Metals IRA are completely different. They hold physical precious metals such as bullion or coins. They offer diversification through tangible assets like precious metals. You will need to find a specialized custodian for storing these assets. As an investor, you can not take possession of the metals.
The Golden Rules: Determining Your Portfolio’s Precious Metals Percentage
Precious metals have been known to be less volatile. This is especially so when compared to other assets. Where their price may increase or decrease, precious metals are usually more stable. In fact, these precious metals are able to hold their value for years on end.
Many experts and professionals state that you should keep a decent amount of your retirement fund to buy precious metals. They also state that you should not use more than 15% of your funds to buy these metals. You need to invest in small amounts so that you can diversify towards a wide range of different assets.
Beverly Hills Precious Metals Reviews, Ratings & Complaints
Ratings on this company are difficult to pinpoint. On the one hand, many people praise the company and all the work that they do. On the other hand, there are plenty who do not like the services of the company and have faced issues.
This can be seen from their 3/5 rating on the BBB website, where they remain unaccredited but also have no complaints against them. This means that their business, while not the best, is enough to get the job done. This is at least in the eyes of the investors.
You can see the same when it comes to their reviews on Google. Currently, they are sitting at 3.5/5 stars, and this is just across 17 people. Opinions are all over the place, with some people calling it second to none. Others go ahead and call the company’s service nightmarish.
The result is a company that even the most sensible person can get mixed on, and if you want to do business with this company, you are recommended to keep an eye on the recent reviews.
Frequently Asked Questions
Q1: Does Beverly Hills Precious Metals Have Any Pending Lawsuits?
As of writing this guide, there are no lawsuits that are pending when it comes to this company. In fact, it is great to say that the company has not faced any legal issues. This is at least from the resources available on the internet. While issues may have arisen, none of them ever went to court.
Q2: Is Beverly Hills Precious Metals A Scam?
It is very unlikely that a company that has been running for 30+ years would be a scam; that being said, it is easy to think so, as currently, they are not accredited by the BBB. This is rather strange as they have had a lot of time to get a rating from them. This, however, does not indicate that they are a scam.
In a competitive market like this one, it is actually very difficult to find a great company that can cater to all of your needs. The conclusion to this Beverly Hills Precious Metals review is that the company boasts a substantial history and a commendable clientele.
Despite this, the company has its limitations. Its dedication and commitment are evident, but some may find its services falling short. These can be in terms of transparency and ease of access. The result is that potential clients might want to explore other options first and then make a decision.
Invest with the right company by reading my article, which lists the best companies of this year. Alternatively, you can also request a Gold IRA Kit for absolutely free!
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Martin Thomas, the owner of Quadra FNX Mining, is a true gold investment aficionado. With decades of experience and a wealth of knowledge, he is the go-to source for anyone navigating the vast world of precious metals. Martin has dedicated decades of his life to understanding the intricacies of the precious metals market and the best strategies for maximizing returns. His expertise in this field is unmatched, and his commitment to helping others make informed investment decisions is unwavering. With him as your guide, you’ll gain a deeper understanding of the gold market and learn how to make smart investment choices that will benefit you for years. With his guidance and wisdom, you will never have to worry about taking the wrong investment step again. Learn more about Martin.