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For centuries, people have used precious metals to store wealth, as currency, and even for artistic purposes.
Today, many people use them mainly as a way to preserve and grow their money, thanks to their ability to hold their value over time, regardless of the changing economic landscape.
As a result, investing in precious metals is more popular than ever before.
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 Treasure Coast Bullion Group passed our strict customer service standards to become one of our top recommendations.
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Treasure Coast Bullion Group ( TCBG) is a leading precious metals dealer that not only allows customers to buy and sell physical gold, silver, platinum, and palladium coins and bars but also provides guidance on the best ways to invest in precious metals.
The company is well-known for its commitment to providing excellent customer service as well as reliable advice from a knowledgeable team of experts.
Treasure Coast Bullion Group is a private precious metals company located in Jupiter, Florida, United States. Since its founding in 2007, the company has become one of the largest and most respected bullion dealers in the region.
TCBG provides its customers with quality precious metals products and superior customer service, allowing them to make informed investments. The company strives to maintain an outstanding reputation for trustworthiness, integrity, and dependability through honest business practices.
What TCBG Offers
Treasure Coast Bullion Group offers a wide range of physical gold, silver, platinum, and palladium coins and bars, as well as precious metal IRA accounts.
The company also provides its customers with educational resources on investing in precious metals, such as market updates, investment strategies, tips on how to buy gold and silver, and more.
They believe that a well-informed client often turns into a long-term customer that will also recommend their friends to them. And surely, it works.
TCBG works closely with Trusted Service Providers to give their clients a top-notch level of discretion and professionalism when it comes to their financial transactions. The company offers competitive pricing on all products and services, as well as a commitment to delivering unparalleled customer service.
Gold Coins and Bars
Investors can buy gold coins and bars whose weight, content, and purity are guaranteed by the U.S. government. The company offers coins from various mints and countries, including the U.S., Canada, Austria, South Africa, and more.
In their inventory, some of their most popular coins include the American Buffalo, American Eagle, British Sovereign Gold Coin, and Canadian Maple Leaf. Clients looking for bars have options such as Credit Suisse, Valcambi Bullion, and Kilo Bars.
Silver Coins and Bars
TCBG also deals in silver coins and bars, offering the same level of quality products as their gold inventory.
Their selection includes 1 oz Buffalo Silver Stackable Rounds, 1 oz Silvertowne Saint-Gauden Silver Round, Humpback Whale Silver Coin, Morgan Silver, etc. They also have COMEX-approved bars in different sizes.
Platinum Coins and Bars
Platinum coins and bars are another option for investors looking to diversify their portfolios.
Their demand and supply dynamics are getting tighter, and their price is quite attractive these days.
On their website, TCBG only offers Credit Suisse Platinum Bars and Platinum Canadian Maple Leafs.
Why Should An Investor Consider These Precious Metals Products?
The first is their rarity. Anything difficult to obtain is usually valuable. This is because the more it is in demand and the fewer people can get it, the more its price will increase.
The second is their unique uses. Most people only see gold as jewelry pieces and silver as coins. However, gold and silver are also used in technology, medicine, industry, and electronics. Platinum has become increasingly important recently due to its role in automotive production.
Thirdly, both gold and silver are considered safe-haven assets for investors who want to protect their assets against currency devaluation or other market uncertainties.
Precious metals tend to stay relatively stable during times of financial turmoil because they do not depend on any government's fiscal policy or international political events.
Lastly, gold and silver coins and bars are great collectibles, particularly for numismatics. Coins of different countries are a great way to learn about history, culture, and global events throughout the centuries.
How to Buy Precious Metals From TCBG
People interested in buying precious metals from Treasure Coast Bullion Group can simply visit their website and open an account with them.
The process is relatively straightforward; they ask for things such as Social Security Number, Driver's License Number (or I.D. Number), date of birth, phone number, and address. If successful, it'll be easier to request any inquiries or questions about their products.
Another alternative is calling them directly through their cellphone number provided on their website. An Account Executive will answer and guide you through the entire process of buying precious metal coins or bars. They can also send you their free investor's kit for more information.
After choosing your preferred products and completing the paperwork needed for the transaction, you will pay for them, and the company will send them to your address. Shipping fees may vary depending on the weight of the package and the chosen payment method.
Treasure Coast Bullion Gold IRA
Investors can also open a gold IRA account with TCBG and take advantage of the tax benefits that come with it. A precious metal IRA (commonly referred to as gold IRA) is a retirement account that holds physical gold and other approved precious metals.
It works just like traditional IRAs; however, given that real physical precious metals back it up, there may be some additional costs.
For example, a gold IRA needs a custodian. This is an entity that will store and manage the investor's precious metal assets backing up their account. This service doesn't come for free, so investors need to consider this cost when considering opening a Gold IRA account with TCBG.
Other costs include delivery fees, storage fees, and annual administrative fees. There may also be fees for converting assets from a traditional IRA to a precious metal IRA.
Requirements for Opening a Gold IRA Account
Investors should consider the following rules and regulations before investing in precious metals IRAs.
Types of Precious Metal IRA Accounts
There are three main types of gold IRA accounts, namely Traditional gold IRA, Roth gold IRA, and Simplified Employee Pension gold IRA account. Traditional gold IRAs are accounts that you fund with your money before filing any state or federal taxes.
You will only pay taxes on your earnings when you decide to withdraw from your account. Some investors prefer this type of account because it reduces the amount of taxable income, and thus, they can afford to contribute more money to their retirement accounts.
Roth gold IRAs, on the other hand, are funded with post-tax money. This means that all contributions are made after taxes have already been taken out from your paycheck.
Roth gold IRA offers the attraction of a retirement nest egg that's free from any deductions. It makes sense to investors that believe that the government might increase the tax rate in the future.
Finally, SEP gold IRAs are designed for individuals who are self-employed or own small businesses and want to enjoy the same benefits as traditional employees.
These accounts allow investors to save more than what they would do with a Traditional IRA or Roth IRA. You can set aside up to 25% of your compensation or $66,000 (whichever is less). However, just like a Traditional gold IRA, the IRS will tax your withdrawals from your account.
Funding Gold IRA Accounts
After an investor has chosen their custodian and precious metals dealer and has opened an account, the next step is to fund the account. One can do this using cash, transfers, or rollovers.
An investor can simply deposit cash into their new gold IRA account. The amount depends on the type of account, but for Traditional gold IRAs and Roth gold IRAs, depositors can contribute up to $6,000 per year.
An IRA transfer occurs when an investor moves money from an existing IRA account to a new gold IRA. This type of transaction does not incur any taxes, which makes it attractive for investors that want to avoid tax penalties.
An IRA rollover is similar to an IRA transfer as it also involves moving funds from an existing account into a gold IRA. However, the difference between the two is that in an IRA rollover, the investor must withdraw their funds from the previous custodian before depositing them into their new gold IRA. The IRS allows investors up to 60 days to complete the transaction without facing any tax penalties.
TCBG Storage Solutions
Treasure Coast Bullion Group has partnered with A-Mark Precious Metals, Inc., a principal precious metal trading firm offering integrated selling and purchasing platforms for gold, silver, platinum, and copper since 1965.
A subsidiary of the company, A-M Global Logistics, provides services such as receiving, handling, inventorying, storage, shipping, and processing for their clients.
When A-Mark receives investors' assets, they will issue a legally binding commodity Title Notice, which allows for the transfer of title to all precious metals stored with them.
The company also offers a proprietary tracking system that allows investors to monitor their assets and get real-time updates on their portfolios.
Treasure Coast Bullion Pros & Cons
Overall, Treasure Coast Bullion Group has many benefits that make them stand out from other precious metals companies. They have years of experience in the industry, offer financing options for their clients, and provide access to educational resources about investing in gold and silver.
It is a legitimate company that investors can work with. However, it's still essential for people to do more research and compare different companies before investing. This way, they can make sure to get the best deal possible.
Remember to read out list of the Top Gold Companies to see if Treasure Coast Bullion Group made the cut.
Or, if you like what you read about Treasure Coast Bullion Group, you can visit their website below.