The prices of precious metals are only set to go higher. Noting this trend, many people have taken to IRAs and precious metal investments.
Many of these people have unfortunately been scammed. If you want to avoid losing your hard earnings, I may have a potential company for you to look at.
SD Bullion is no doubt one of the biggest metal retailers in the world. Having over 300,000 customers over the years, I wanted to see if they were satisfied with their company investments.
What better way to do so than with an SD Bullion review that talks about all their services and products?
With all of that now out of the way, I’ll start with the review and whether or not you should choose them for your investment needs.
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.
You can check this list to see if SD Bullion is something I recommend!
Or you can get yourself a FREE Gold IRA Kit from the company I recommend the most below!
Table of Contents
- 1 What Is SD Bullion?
- 2 Products Made Available By SD Bullion
- 3 How To Set Up With SD Bullion
- 4 How Does The SD Bullion System Function?
- 4.1 SD Bullion For Sellers
- 4.2 SD Bullion Is Available For Purchasers At This Time
- 5 Pros And Cons Of SD Bullion
- 6 SD Bullion Complaints & Lawsuit Issues
- 7 Can You Store Your Gold With SD Bullion?
- 8 Frequently Asked Questions
- 9 Final Verdicts
What Is SD Bullion?
SD Bullion is among the most sought-after alternatives to buying silver and gold bullion over the internet. The company was established in 2012, but it has experienced rapid growth.
Even while the collection of gold bullion might not be all that large, they offer a few one-kilogram and one-ounce gold bars at far lower costs than most other online places.
You should be aware that the organization was founded by the same folks that formed the Silver Doctors network, a website that keeps investors up to date on what’s occurring in the market for precious metals.
These service providers have extensive expertise working with precious metals; as a result, they are familiar with the ups and downs of the market and are aware of the products guaranteed to sell.
Silver Doctors Bullion, which goes by the acronym SD Bullion, is a company that conducts online exchanges of precious metals via its website, SDBullion.com.
They offer a guarantee on gold bullion bars at the lowest possible costs and premiums, in addition to coins and various other precious metals.
The aim behind SF Bullion is to always carry out business in the most convenient manner possible. They offer a bullion process at rock-bottom prices, products of the highest quality, and outstanding support and service to customers.
In addition to this, they have satisfied more than 250,000 customers with the services that they have offered.
Products Made Available By SD Bullion
This supplier trades in a wide variety of accessories and bullion, including the following:
- Gold: They offer several variants of gold and gold bars ranging in weight from as little as one gram to as high as one kilogram.
- Silver: Silver is available in banknotes, coins, rounds, and bars ranging from 1 gram to 1 ounce.
- Platinum: Platinum is available in platinum maples, platinum eagles, and international platinum bars and coins ranging in weight from 10 ounces to 1 gram.
- Copper: Copper includes such coins as the Morgan Dollar, the Peace Dollar, the Lincoln Bust, and the Silver Shield, among others.
- Palladium: Palladium is available in the form of bars, Eagles, and Maples ranging in weight from 1 gram to 1 ounce.
- Accessories: In addition to airtight cases and storage boxes, coin magnifiers, cleaners, and other accessories are also available.
How To Set Up With SD Bullion
You can protect yourself and your family’s future by investing in a gold IRA through the organization. It could be silver, platinum, palladium, or copper, but it is most commonly a gold IRA or a precious metals IRA.
IRA stands for Individual Retirement Account. Establishing a retirement account for precious metals entails only three easy steps.
The first three fundamental actions are as follows:
Step 1: Establishing A Self-Directed IRA
The first step, which entails opening an account, may require completing certain documentation, answering some questions, and filling out forms.
In addition to that, it requires the selection of a caretaker. If you still need an individual retirement account (IRA), the organization’s IRA specialists will assist you in choosing a reliable custodian.
Step 2: Transferring Money Into The IRA account
After establishing your self-directed individual retirement account (IRA), the next step is always to fund the account.
You can immediately fund your account with funds from your account or roll over funds from an existing retirement account, such as a 401(k) account, into your new account. This procedure will be made easier for you by the custodian you chose in the initial phase.
Step 3: Investing In Precious Metals Accepted By IRAs
The last step you should do is to buy the precious metals for your IRA account. You can do that now. You can select from a variety of IRA-eligible bullion offered by the company.
After settling the money for the transaction, you can get in contact with the corporation to have the precious metals shipped to you. You have to decide on a dealer, just like a custodian. SD Bullion can help with that.
The organization has a great reputation as a reliable dealer in precious metals. They offer a selection of IRA-eligible coins and bars from which you can select.
The following are examples of some of the custodians for SD Bullion:
- Goldstar Trust
- Kingdom Trust
- Provident Trust
- Entrust Group
You can choose a custodian from the ones listed above, but only after you have researched each one regarding their fees and the many other factors involved. It is strongly suggested that you choose a custodian best suited to meet your requirements and preferences.
There is no need for concern regarding establishing an account with the company. The knowledgeable employees of the organization are always available to offer any support you may require and provide answers to any inquiries you may have.
How Does The SD Bullion System Function?
A look at the process of buying and selling with SD Bullion is provided here for your perusal.
SD Bullion For Sellers
If you wish to sell your bullion, the website is straightforward for sellers like you. This is what you should anticipate happening during the procedure.
1. Secure The Current Price
When looking to sell coins and bars at a price comparable to other items on the market, bullion can be an ideal choice. You may get an idea of the current buyback pricing by looking them up online.
The following is a list of the selling minimums for each type of metal:
- Twenty ounces (or) of gold
- One troy ounce of silver
- One troy ounce of platinum
- One troy ounce of palladium
Even though you may only have lesser quantities to offer (for instance, a silver coin weighing 1 ounce), you can increase your earnings per ounce by selling larger quantities in one transaction.
If you want to ensure you’re getting the greatest bargain possible, it’s usually a good idea to acquire at least one more estimate from a different dealer.
2. Transport The Goods
After SD Bullion has received your initial price request, they will provide you with the necessary shipping papers and a mail-to address.
You will need to carefully wrap the objects you have sold for them to be transported to the processing facility for a final valuation.
3. Get Paid
After the firm has received and inspected your package, you should expect payment within three business days at the very latest.
Your payment options include the following:
- ACH direct deposit
- Wire transfers
SD Bullion asserts that it will provide the quickest payouts at the greatest possible prices.
SD Bullion Is Available For Purchasers At This Time
Purchasing precious metals using the site is a simple process. In addition, you can receive discreet delivery to your home.
1. Conduct A Search For The Items
The most efficient way to shop for things that are currently in stock is to peruse the website if you have specific products in mind while shopping, you can make use of the search box to find them.
As you look through potential purchases, you will notice that the price per unit varies depending on the number you wish to order and the form of payment you choose. In addition, you will be able to view prospective supplemental products that can be purchased.
2. Put Items In Your Shopping Cart
When you have located the item that you wish to purchase, you will have the option of adding it to your cart.
Customers pay a lesser premium when placing large orders for a specific item. If you want to avoid paying extra money for payment processing, your best bet is to pay with a check or a wire transfer.
The prices of the products in your shopping cart are subject to change until you begin the checkout process.
If you place an order for at least $199 at a time, you can avoid paying for shipping and insurance. Shipping with a higher priority will incur additional fees.
If you want more personalized assistance from a live person, you can also place your order over the phone.
3. Payment Options
Using one of the many available payment methods to settle up for your SD Bullion orders is a breeze.
These are the following:
- Checks: electronic, personal, cashier’s, and money orders
- ACH bank withdrawal
- Wire transfer
- Credit card
Since checks and bank payments are cash-based, they are the least expensive of the available options.
Nevertheless, the processing of these can take several business days, which will push back the date on which your order will be shipped. This stance is consistent with that taken by other internet merchants.
If you are willing to pay higher merchant costs, you can pay using a digital wallet, which will expedite the processing of your order.
4. Obtain Your Goods Or Services
Your order will be shipped and insured by SD Bullion using the United States Postal Service, FedEx, or UPS. You can select the carrier for the shipment.
It may be necessary to obtain a signature to confirm the delivery of larger orders. Your shipment will arrive in unremarkable packaging, similar to regular retail orders, to deter unwanted attention and reduce the risk of theft.
Pros And Cons Of SD Bullion
- Shipping to multiple countries across the globe is offered by SD Bullion, which offers international shipping.
- No further transaction fees or commissions are required, as SD Bullion does not impose additional fees on its customers.
- The company maintains a positive reputation among its online clientele across the Trustpilot and BBB platforms.
- You will only be able to contact the customer support team on weekdays during the designated working days. Support is extremely limited.
- If you do not pay for a specific order within the allotted time frame, you will be subject to cancellation fees that range from three percent to five percent.
- When you make a return request, you should anticipate being charged a restocking fee of between 3% and 5% of the item's original price.
SD Bullion Complaints & Lawsuit Issues
SD Bullion places a strong emphasis on secure and discreet deliveries. However, it is essential to note that they have faced lawsuits. These legal disputes have raised concerns about the accessibility and reliability of their online platform.
Lawsuits The Company Has Faced
In March 2021, Christian Sanchez filed a complaint against SD Bullion Inc. This aimed to highlight issues of noncompliance with web accessibility standards. The lack of alternative text and missing alt text on linked images were among the issues.
The case status is listed as disposed. This means the case has ended, yet it is difficult to say which side came out on top. While this is an issue, it does not come close when compared to the lawsuits mentioned above.
Beyond accessibility concerns, it is good to note that SD Bullion has not been a part of any major lawsuits. This could be a positive indicator of the company’s legal standing.
Customer Troubles & Issues
Yet, the company is not immune to customer grievances either. There have been several client reviews and ratings which paint the company in a very bad light.
Here are a few of them for your convenience:
- One incident involves a customer receiving an email about an order they claim they did not place. While the company said this was a system glitch, such incidents can hurt customer trust.
- Shipping issues also surfaced in customer reviews. There were complaints about undisclosed signature requirements for free shipping.There are also mentions of delays and other order-related problems. These logistical challenges have harmed customer satisfaction very much.
- SD Bullion has also faced criticism for their buyback practices. They have been known for offering spot prices for coins which are way too high. On top of this, some of their employees have shown unprofessional behavior. Allegedly, one laughed off a customer’s claim of better offers elsewhere.
Overall, this can be perceived as poor customer service. They have also been refusing to provide written quotes. Instead, they insist on phone discussions. This can easily further alienate potential clients seeking transparency in pricing.
- One serious complaint that the company’s customers have raised is that of fake bullion. One incident involved a customer receiving a poorly minted and, subsequently, fake coin. The response from SD Bullion offering a mere 10% off coupon for the next sale.
Issues like this raise questions about the company’s commitment. Especially when it comes to rectifying its mistakes and ensuring customer trust, it raises a huge red flag on whether the company is providing legitimate goods or is scamming you.
SD Bullion continues to facilitate precious metal trades. This is despite these reported issues. They aim to highlight the issues within the company and their effects on the customers.
Issues like this also show the significance of thorough due diligence for potential investors. Only by doing so should you consider whether you should continue with a company. Doing so can save yourself a lot of trouble down the line.
Can You Store Your Gold With SD Bullion?
When you buy gold or other precious metals in their physical form, you must ensure access to suitable and secure storage facilities, such as safes. SD Bullion has covered you even if you do not have such secure storage facilities.
The SD depository assures investors that the real metals they own will be safe at storage rates starting at just $9.99 per month. You can place your gold in the depository maintained by the company if you do not wish for it to be kept in your own home.
Below is a list of the fees of using physical bullion deposits: Metal Rate per annum.
- Gold: .29%
- Silver: .39%
- Platinum: .29%
The following is a list of reasons you should change your option for storing things to one that uses an SD-segregated depository.
- Assurance of safety and complete and total coverage for the underlying metals.
- Your name and the details of your account will always be attached to the metals, and they will be kept separate from the holdings of any other investors.
- The SD Bullion storage repository may be accessed with a minimum of fuss.
- It is reasonably priced, with monthly storage charges starting at just 9.99 dollars.
- You can immediately sell any actual metals in your possession through your SD depository account.
- The accounts do not incur any VAT fees.
- You can add the actual metals in other locations as soon as you open the account.
Frequently Asked Questions
Q1: Is SD Bullion Better Or JM Bullion?
SD Bullion, at the moment, has much more positive ratings when compared with JM Bullion. Knowing this is enough to get a gauge on which is the better company but I should take this a step further.
When it comes to the variety of products, they are both neck and neck. JM Bullion seems to win in this regard, but SD Bullion’s product lineup is nothing to scoff at.
Overall, when it comes down to it, I would recommend SD Bullion simply because they were able to cater to a wider audience.
Q2: Is SD Bullion A Reliable Company?
There are many signs that should tell you just how reliable a company SD Bullion is. Firstly, they have positive reviews and ratings on most of their socials. These include rating websites such as Trustpilot and Consumer Affairs.
Additionally, the company has catered to more than 300,000 customers. It can be inferred that this amount of people would not have joined the business were it not completely reliable.
The conclusion is that SD Bullion is a solid company that can be trusted with all your investment needs.
Q3: How Pure Are SD Bullion’s Precious Metals?
All metals for IRA accounts and investments need to adhere to IRS standards. If they do not meet these standards, they will not be legally applicable to any investment opportunity. SD Bullion’s metals can meet all of these requirements.
The company actively prides itself on its 0.9999 pure silver. Furthermore, the company can have its investment-grade gold with a purity of 0.995.
This makes both their silver and gold products, at last, meet all the quality standards of the IRS, making them perfect for investment in all regards.
Q4: For How Long SD Bullion Has Been In Business?
The company itself was founded back in 2012. It has been actively working in the investing market since. This has enabled various customers to invest their savings in precious metals, exponentially increasing the company’s rapport.
At the time of writing this article, the company has been active for a decade. This should let you know about the company’s experience in IRAs and metal investment and the type of people you can find there.
They have amassed more than $3 billion in sales and are set to be one of the largest precious metals investment companies.
SD Bullion is not the right provider for you if you’re looking for a valuable gold bar or a huge collection of things from which to choose.
If however, you want to buy gold bullion on the internet at the most competitive price, your best bet is to work with one of these service providers.
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!
Or if you want to check out the company I just reviewed here, you can visit their website by clicking the button below:
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.