Why Invest in Precious Metals?
A gold investment retirement account (IRA) is a self-paced individual retirement account that lets you invest in gold and other precious metals. Since a gold IRA has higher stakes with, clients may only invest in stocks, bonds, or mutual funds. The associated fees are also steeper than with typical investment accounts.
An advantage of investing in a gold IRA is that it’s easier to beat annual inflation rates. Gold and precious metals appreciate as years go by because they are limited resources. Other precious metals in which clients can invest, besides gold, are silver, platinum, and palladium.
Why Invest with Precious Metals IRA Firms?
Since gold IRAs are a unique way to invest, you must carefully consider which institutions should handle your assets. Only engage with reputable investment companies that have proven themselves competent in the gold IRA industry.
Established firms such as Lear Capital have been pioneers in the precious metals IRA industry. Since its foundation in 1997, this firm has helped investors grow their portfolios. In this Lear Capital Gold review, we’ll go over the company’s background and services to help you determine whether Lear Capital is the right investment company for you.
Lear Capital Gold
Lear Capital has been in the business for more than 20 years. The company has transacted billions of dollars of investments, making it a prime choice for gold IRA investors. In addition to trading in precious metals, Lear Capital offers 401(k) retirement plans to its clients.
Clients can invest a portion of their salaries into the 401(k) investment plan. What’s even better is that withdrawals are only taxable at specific thresholds. Thanks to this strategy, employees can save up for their retirement and secure their future with more ease.
Lear Capital boasts an extensive portfolio. The firm has raked prestigious achievements, one of which is being named the country’s leading precious metals investment dealer. Several consumer reviews have commended the company for its stellar customer service and quick turnaround time.
Some of the qualities that make Lear Capital unique include its ability to quickly update its price list depending on economic conditions, on-time delivery, and knowledgeable partners. Other achievements of Lear Capital are the following:
Earned A+ Rating in BBB
The Better Business Bureau is an objective and ethical platform that rates various investment companies based on their integrity and performance. It has graded Lear Capital with an A+, which reflects the company’s ethical standards and behavior.
Approved by Trust Pilot
Trust Pilot, the go-to platform for company reviews worldwide, records hundreds of customer reviews for Lear Capital. The company enjoys an 80% satisfaction rate from clients.
Highly Rated by Retirement Living
Retirement Living is a website for retired individuals who rate retirement plans, activities, and health plans accordingly. Retirement Living awards 4.9 out of 5 stars to Lear Capital for its genuine interest in caring for retirees. According to the site, the company’s customer service is second to none, noting that it provides an excellent end-to-end service.
Lear Capital Company History and Background
Kevin Demeritt, a respected analyst, and financial expert, founded Lear Capital in 1997. Demeritt’s knowledge of economic cycles, national debt, financial trends, and diverse strategies enabled him to launch Lear Capital from a humble startup to one of the most prestigious companies in the precious metals industry. Using his financial expertise, Demeritt has helped thousands of investors get value for their money with his flexible investment strategies. The company’s headquarters are in Los Angeles, California.
Lear Capital Product & Services Offerings
Lear Capital offers a wide range of products and services, including:
The company specializes in preserving high densities of precious metals, such as gold and silver, and converting them into a particular type of currency called bullions. Bullions take the form of ingots, bars, or special coins, and these typically have higher values than traditional currencies. Bullions also serve as emergency currencies for governments and private citizens.
Numismatic Rare Coins
Numismatic coins are another type of currency that collectors and investors buy for a hefty premium based on their rarity. Lear Capital offers some of the world’s rarest coins.
The 401(k) retirement fund is Lear Capital’s most famous service. Opening an account is straightforward, and clients can accomplish it in three simple steps. Always remember to review the terms and conditions before signing up for any service.
Lear Capital maintains various connections with other reputable firms in the precious metal industry. It uses these networks to inform its clients about the latest market charts regarding precious metals. The company offers insights into price trends and the most opportune times to invest.
Have you ever wanted to purchase a piece of bullion but found that it was too expensive at the time? Lear Capital delivers price notifications for any price movement in whatever asset you choose.
Sale of Coins
Lear Capital can help you make a sizeable profit from precious and rare coins for which you want to get a quotation or you want to put on the market. The firm’s partners have helped clients get value for their assets by directing them to the most profitable investment channels and providing them with reliable market insights.
Lear Capital also prides itself on its commitment to service. The coin encyclopedia is a resource it offers to educate clients about the precious metals industry. If you are new to investing in alternative currencies, the coin encyclopedia can educate you on the different types of coins, including their values.
How to Invest Gold with Lear Capital
Lear Capital’s storage resides in the Delaware Depository IRS-approved depository vault, which is the industry’s leading IRS-approved storage facility for precious metals. Its key features include comprehensive insurance policies and state-of-the-art security systems to ensure that your precious metals are safe.
Interested investors can invest in any of the accepted IRA-eligible coins. You may view the entire portfolio using this link. If you want to diversify your investment portfolio or convert your old 401(k) retirement plan, you could opt to invest in a precious metals IRA, the most common of which are gold and silver accounts.
Lear Capital allows you to fund these accounts through the following methods:
The trustee-to-trustee process involves moving all your retirement funds from your current fund into your new precious-metals IRA.
Your current retirement fund mails your funds to you through a check. In turn, you need to mail that check to your new IRA account.
Lear Capital’s Social Media
Lear Capital offers 24/7 e-mail services to its client. Clients may also learn more about Lear Capital through the following social media accounts:
- Facebook: https://www.facebook.com/LearCapital
- Instagram: https://www.linkedin.com/company/lear-capital
- Twitter: https://twitter.com/leargold
- YouTube: https://www.youtube.com/user/Learcapital
How does the registration process work?
The paperwork starts with the following steps:
- Visit the Lear Capital official Gold/Silver IRA account registration website.
- Enter your basic information, such as name, address, phone number, and other pertinent details.
- Review all your entries, and then click “submit.”
Will Lear Capital let me hold physical metals or just certificates?
Customers who invest in precious metals get to keep the physical metals and not just the certificates. Rest assured that your assets will sit snugly in a secure IRS-certified storage facility.
Where does Lear Capital store my precious metals?
Lear Capital stores precious metals in Delaware Depository’s vault to keep it in compliance with the Internal Revenue Services’ (IRS) stringent guidelines.
What happens if someone steals or damages my precious metals?
Lear Capital insures all precious metals IRAs. Should the company’s storage facilities experience a security breach, Lear Capital will answer for liability and protect your investment accounts per your insurance policy.
Will I incur penalties if I move funds?
Partners from Lear Capital will make sure that you incur as few penalties as possible when transferring your funds. The only liabilities you may risk include failing to follow the 60-day rollover period or if your check does not reach the IRA within 60 days.
How complicated is the investment process?
The average person may not understand the legalese of opening and managing an IRA without the help of professionals. Lear Capital’s partners will help you every step of the way in terms of the paperwork.
How long does the process take?
It only takes 24 hours to open your IRA account. On average, transferring of funds takes five business days.
How much is the starting fee for an IRA account?
Opening an IRA account entails a minimal annual payment. Refer to Lear Capital’s website regularly to learn more about its pricing schemes.
How can I track my investment performance?
You can check your investment’s performance through the Lear Capital website. Onsite support is also available 24/7 if you have any concerns.