Gold IRA companies can make a lot of money. They often have spreads that are far beyond what you’ll find at the local coin shop. This gives them room to spend money on marketing… a lot of it.
The common “free” silver or “bonus” silver ploy is used by many Gold IRA companies as an enticement to do business with them. The tactic works well; many Americans buy into the notion without thinking about how these companies can afford to “give away” $10,000 or more in “free” silver by charging a $299 processing fee.
The secret is in the spreads. Many of those spreads are outrageously set at 40% or higher. This is why these companies can “give away” up to 10% of their profits back to their customers. If their spreads are high enough, a small silver rebate doesn’t do much harm to their bottom line. It does, however, mean the customers paid far more for their gold and silver than they had to.
But it’s not just the “free” silver. These companies also have plenty of money available for high-priced celebrity endorsements. Many Americans take the “advice” of their favorite Hollywood star or former Fox News host without realizing that these people aren’t plugging their IRA or 401(k) into the companies they’re endorsing. They’re paid to say nice things. They’re not operating based on experienced. They’ve never “tried the product,” so to speak.
Those tremendous spreads also pay for one very important component in the sales process: the commissioned sales representatives. They often use high-pressure techniques to drive their customers into the gold and silver products that pay the highest commission. This means their recommendations are self-serving, not based on what’s best for their customers.
Augusta Precious Metals has the lowest across-the-board spreads in the Gold IRA industry. They accomplish this by maintaining a high minimum of $100,000 in their customers’ retirement accounts and a minimum initial transaction of $50,000. While this may seem too exclusive, it’s necessary because offering lower minimums would require charging higher spreads.
They do not offer “free” silver.
They do not have high-dollar celebrity endorsements.
Their agents are salaried; they do not receive a commission.
There are other reasons that sophisticated, affluent, mature Americans are protecting their retirement accounts with physical gold and silver through Augusta Precious Metals. To learn more, request their “Buyer Beware Guide” before making a move with anyone else.
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