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Unstable stock markets, rising inflation, and rising prices can create prolonged economic instability. During troubled times, investors may seek alternative investments that provide a hedge against the decline of traditional investments.
Investors have turned to gold during economic downturns because gold has a low correlation with other asset classes.
If your stocks and bonds decline, your gold investments may remain stable or increase in value. Gold often rebounds from downturns quickly and performs well during political turmoil.
Before we get started, investing your savings is a serious task. When it comes to adding precious metals to your portfolio, how do you know which companies to trust?
That is why we have researched every company in the industry and selected the very few with the highest customer service standards.
This way you can easily compare the best companies in the business, and choose one that fits your needs and investment goals.
Read the list to see if The Guidance Corporation passed our strict customer service standards to become one of our top recommendations.
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If you decide to invest in gold or other precious metals, you won't be able to use a conventional IRA. Instead, you will need to open a self-directed IRA that can store precious metals.
Unlike your employer's retirement account, with a self-directed IRA, you decide what investments to purchase.
With a self-directed IRA, you can purchase alternative investment types, including precious metals, art, real estate, and cryptocurrency. Purchasing alternative investments can be tricky, so you'll need a trustworthy firm with experience in precious metals.
The IRS sets the rules and regulations for precious metal investments. These rules stipulate what precious metals you can buy and how you store them. A trustworthy gold custodian can help you decide what to buy and where to store it. This custodian also may help you fill out the paperwork to open and fund a Gold IRA.
Precious metal investment firms may offer different investment options. Some companies may focus on numismatics and bullion, while other companies may offer stocks in gold mining companies and gold retail operations.
Before you sign up with a gold investment company, research your investment options and find a company that offers those options. Keep in mind that different firms may offer different fee schedules and buyback policies. New investors may want to read customer reviews before signing on the dotted line.
One company offering precious metal investment services is The Guidance Corporation. Keep reading for more information about this company and its services.
What is The Guidance Corporation?
Located in Minnetonka, Minnesota, The Guidance Corporation offers a full range of precious metal investments. Buyers can purchase gold, silver, platinum, palladium/rhodium, bullion, and pre-1933 gold on their website.
Customers also can sell their precious metals to The Guidance Corporation. Coin collectors and investors can contact The Guidance Corporation's licensed coin experts to find that special coin.
The company's IRA experts can help new investors open a Gold IRA. They also work with reputable gold custodians and depositories.
The Guidance Corporation: Company Info and History
Founded in 1989, The Guidance Corporation is a family-owned and operated firm. Instead of employing salespeople working on commission, The Guidance Corporation claims they keep costs low by keeping the business in the family.
The company's coin experts are licensed bullion dealers and members of the American Numismatics Association. They will provide their certificate and license information upon request.
The Guidance Corporation Ratings and Complaints
The Guidance Corporation earned Better Business Bureau accreditation in November 2021. They have an A+ rating with the Better Business Bureau. Nine customer reviews on the site gave them an average of 5 stars.
Reviewers cite the company's excellent customer service, quick response times, and quick shipping times. Several reviewers stated that the quality of the coins exceeded expectations. A few customers also stated that they were return customers.
On Facebook, The Guidance Corporation has one legitimate review that praises the company for its fast three-day shipping. On Birdeye.com, The Guidance Corporation has a rating of 4.5 out of 5 stars.
A recent negative review was from a customer who never received the coins they ordered. Other negative reviews mention poor packaging, slow shipping, and no response to customer complaints.
There are no reviews for The Guidance Corporation on Trustpilot.
The Guidance Corporation Management Team
Bruce Diker: Bruce Diker is the president and founder of The Guidance Corporation. Diker registered as a Bullion Coin Dealer Representative in 2016.
Josh Diker: Josh Diker is the Chief Operating Officer and Managing Partner at The Guidance Corporation. Diker oversees pricing, management, and operations. Before becoming the COO at The Guidance Corporation, he worked as a Regional District Manager at Wells Fargo. He also worked for BBVA and JP Morgan Chase.
The Guidance Corporation Custodian and Storage
Customers can contact The Guidance Corporation to set up a Gold IRA. The company's precious metals IRA experts can help customers invest wisely and build wealth. These IRA experts can help customers fill out the necessary paperwork to open a precious metal IRA.
After you open your precious metals IRA, you must select an approved custodian to manage the IRA. With a self-directed IRA, the investor makes the investment decision, and the custodian carries out the transaction.
The IRS also requires investors to store their gold and other precious metal investments in an approved depository. Customers may store their investments in a safe deposit box in an gold IRA FDIC-insured bank.
The Guidance Corporation can recommend approved custodians and depositories to safely store and manage your gold. Experienced investors who already have a preferred trust can use that custodian.
The Guidance Corporation works with highly-rated precious metal custodians, including GoldStar Trust, Equity Trust, Kingdom Trust, Strata Trust, and the Entrust Group. When you purchase gold or other precious metals for your precious metal IRA, The Guidance Corporation ships the gold directly to the custodian.
The Guidance Corporation Sign-Up Process
To sign up for a Gold IRA, customers should call or email The Guidance Corporation directly.
Contact The Guidance Corporation
Potential customers may contact The Guidance Corporation through their toll-free number. They also may email Bruce Diker at email@example.com. Customers may fill out the online form and request a callback.
Consultation with The Guidance Corporation
New investors may want to set up a consultation with one of The Guidance Corporation's IRA experts. Customers may call, email, or fill out the online form to request an appointment.
Account Set-Up Process
Funding Your Account
Investors can fund their new Gold IRA by purchasing approved gold and precious metal products from The Guidance Corporation. To comply with IRS regulations, The Guidance Corporation will ship the gold directly to the selected custodian.
The Guidance Corporation also will help investors fund their new Gold IRA manually with a cash deposit. The company's IRA experts also can assist with transferring or rolling over funds into the IRA.
Purchasing Gold for Your Account
Buyers may purchase their precious metals online or contact The Guidance Corporation for assistance. The Guidance Corporation supports the following payment options:
Debit and credit card transactions incur a 4.75% transaction fee. Buyers may use debit or credit cards for purchase amounts up to $50,000.
For ACH transactions, The Guidance Corporation partners with Plaid, a third-party bank connection service. Account holders may need to authorize Plaid to access their bank account to complete the ACH transfer.
Delivery and Storage of Your Gold and Precious Metals
If you elect to store your investments in your bank's safe deposit box, The Guidance Corporation may be able to ship the gold directly to you. In most cases, The Guidance Corporation needs to ship the gold to the custodian. IRS regulations state that the gold must be stored in an approved depository that is insured against fire, theft, and other losses.
The Guidance Corporation Products
The Guidance Corporation offers gold, silver, platinum, palladium/rhodium, world gold bullion, and pre-1933 gold. Buyers can purchase best-selling products including:
The Guidance Corporation IRA-Approved Products
If you are interested in products to store in a precious metal IRA, you'll need to purchase IRA-approved precious metals. The Guidance Corporation offers popular IRA-approved products like:
IRA-approved gold must meet a minimum fineness standard. Investors with questions about IRA-approved precious metals can consult with an IRA expert at The Guidance Corporation.
Depending on the type of product you purchase, The Guidance Corporation may set a minimum purchase amount.
The Guidance Corporation Buyback Policy
The Guidance Corporation offers a customer satisfaction guarantee. They state on their website that they will buy back any coin they sell. If you would like to sell coins or precious metals purchased from another dealer, The Guidance Corporation promises to offer a fair price.
The Guidance Corporation Fees
The Guidance Corporation does charge fees for debit and credit card transactions. They also charge returned check fees. For fees related to opening and funding a Gold IRA, contact The Guidance Corporation.
Precious Metal Prices
The Guidance Corporation website offers live, real-time pricing. They claim they offer the lowest online prices. According to the website, they will match or beat any competitor's prices.
The Guidance Corporation Website
The company's website offers live pricing and a user-friendly storefront. Buyers can add products to their cart and check out without contacting the company.
The section focusing on the company's IRA program offers some customer education materials. A FAQ section can answer customers' basic questions, but for more in-depth help, investors should contact the company directly.
Pros & Cons
The Guidance Corporation Pros
The Guidance Corporation Cons
The Guidance Corporation Review Conclusion
Investors interested in entering the precious metal market will find plenty of options from The Guidance Corporation. The company offers popular and rare coins, and they will search for rare coins that are not in their inventory.
They claim to offer the lowest online prices on monster boxes. Live pricing allows customers to watch precious metal prices in real time. The Gold IRA program helps new investors open and fund a precious metals IRA.
Remember to read out list of the Top Gold Companies to see if The Guidance Corporation made the cut.
Or, if you like what you read about The Guidance Corporation, you can visit their website below.