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Goldline is a company that specializes in buying and selling precious metals, such as gold and silver, as well as providing related services such as IRA rollovers and storage solutions.
Everyone is looking to invest to hedge against inflation and the possibility of calamities, whether natural or man-made.
However, things could go wrong, especially if you are investing in the real estate, bond, or stock markets. This is why more people are increasingly turning to precious metals for their perceived stability during perilous times.
Gold and silver are sound investments for the long term because they offer a surefire way to secure your financial future. Nevertheless, that will only happen if you work with a partner you can trust with your hard-earned money.
Goldline is a precious metal dealer that is currently making headlines. So when we heard about them, we had to jump in and review their services. Keep it here as we dissect everything you need to know about this company and whether it is worth working with.
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Before we get started…
We know just how difficult it is to find a trustworthy IRA company out there. This is why we compiled a database of the leading firms as well as the dos and don’ts of this method of investment. Our detailed guide sums up the best gold IRA companies along with their pros and cons with the idea being to provide you with a dependable reference point when you need to invest.Take a moment to view our list over here. Did Goldline make it to the list this year? Well, there’s only one way to find out.
What Is Goldline LLC All About?
Goldline was founded in 1960 and is located in Los Angeles, CA. The company is BBB accredited and is home to more than 300 employees.
According to the official Goldline page on Linkedin, the company boasts $500 million in annual sales revenues – a feat that has seen it ranked among one of the largest private companies in LA by a leading publication.
Who owns Goldline? You might be wondering. Well, the company is wholly owned by A-Mark Precious Metals, Inc, a Fortune 500 company.
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How it Works
Goldline works in two major ways when it comes to helping its clients invest. They can ship precious metals directly to you or send them directly to a depository for anyone operating a precious metals IRA.
The company has a rich inventory of precious metals. So, all you need to do is place an order specifying exactly how you would like to invest.
Not sure which precious metals to opt for? Well, behind this company is an experienced team of executives who are available during business hours (from Monday to Saturday) to offer assistance and answer any questions you might have.
One of the best things about working with this company is that they have a buy-back program in place. What that means is that when the time to resell your coins and bars arrives, they will be able to purchase them from you at the prevailing prices. Of course, this can go a long way in providing you with peace of mind knowing that you can always convert your investment into cash with extreme ease.
The Goldline Accumulation Program
One of the most unique things about Goldline is that it offers an accumulation program that enables you to kickstart your precious metal investment with as little as $200 per month. This is a good program for anyone who might be operating on a tight budget but still needs to take advantage of the opportunity.
And the best part? It is really easy to enroll for the program as detailed out in the following three steps:
- 1Identify and pick a product that is eligible for accumulation. It could be gold, silver, or palladium.
- 2Next, you want to fund it. You can do that with a fixed budget every month.
- 3Lastly, you will be required to pay and you can easily do that with your debit card, Mastercard, or VISA.
As you may have guessed, the beauty of this program is that it allows you, as an investor, to acquire precious metals over time within a reasonable monthly budget. Once you pick a product or several of them, you will be required to set a monthly amount.
After your first purchase, the company will make subsequent purchases for you every second Wednesday in the following months. On these days, you will get a whole or fraction of bars or coins depending on your set amount.
Your purchases will be securely stored until you ask for them to be shipped.
Protect Your Wealth & Get Huge Tax Savings!
What Products Should you Expect from Goldline?
As previously mentioned, Goldline offers an impressive array of some of the most popular precious metal coins and bars. The best part?
Their gold bullion catalog includes products like the American Gold Eagle and the American Gold Buffalo, to name a few – all of which are IRA approved.
For their silver catalog, you are looking at items like the American Silver Eagle and the Australian Kookaburra Silver coin.
Platinum options, on the other hand, include the American Platinum Eagle. If you would like IRA-eligible palladium, the company does offer a one-ounce bar.
Examples of Services You Can Avail from This IRA Company
Additionally, Goldline provides expert market insights, personalized investment guidance, and exceptional customer support to help clients make informed decisions and achieve their financial goals. See below to learn more.
1. Precious Metal IRA Services
Top of the list of services offered by Goldline is precious metal IRA setup. The company can help you create a self-directed IRA and particularly help you with the paperwork. Other than that, they have ongoing relationships with trustworthy shipping and storage service providers. This way, you can rest assured of the safety of your investment.
Looking to rollover your 401(k) into a self-directed IRA? The good news is that you can bank on the expertise offered by this company to ensure the whole process is done accurately and without attracting hefty penalties from the IRS.
And as we have already mentioned, this company has a diverse inventory of IRS-approved coins and bars. No matter what approach you want to take in your IRA, this firm has all the basic features you need to hit the ground running.
2. Direct Shipment of Precious Metals
Well, much as Goldline is primarily an IRA company, it doubles up as a place where you can directly purchase coins for home storage.
It is, however, important to keep in mind that the IRS can penalize you for keeping any IRA precious metals at home. So, the direct shipping option only works best for non-IRA precious metals that you’d simply want to add to your home collection.
This company offers free shipping services on all orders. What's more, all their packages are fully insured. So, in case of loss or damage during shipping, this company takes the responsibility to either refund or replace your purchase.
3. Podcasts, Newsletters, and Commentaries
Running a self-directed IRA is not an easy job, more so if you are a beginner investor. Goldline understands this, and that is why they have two gurus (Glenn Beck & Carol Roth) to help make you a better investor. They do this via podcasts and newsletters.
Glenn Beck, via his podcast, is a great resource for investors. Some of his favorite nuggets of wisdom include:
Carol refers to herself as an entrepreneur, investment banker, and author, among several other titles. Her newsletters on precious metals IRA benefits are a great read. She has a very personal approach to her writing, and you can tell that she knows what she's talking about. The information is easy to understand, and it is not only relevant but also current.
In her newsletters, she reiterates that when the world gets into trouble, gold and silver offer a safe financial haven.
4. Precious Metals Trading Alerts
One of the things you are likely to love about Goldline is that it allows investors to set up custom alerts that are sent via email, thus allowing them to keep up with whatever is happening in their favorite precious metal market so that they can make calculative moves and informed choices.
We love that Goldline offers this service as it can be really helpful for traders who aren't familiar with the market and don't want to miss out on any opportunities that might come up during a certain period of time.
It's also a great way for beginners to get involved in trading without having to become experts right away.
It is normal to be skeptical about the security of your precious metals after purchasing them. Nonetheless, you do not have to worry about that with Goldline. That's because the company collaborates with reputable IRA custodians.
However, unlike other top-rated IRA companies like Goldco, Goldline primarily operates with depositories located in Las Vegas.
You see, it is always a good idea to have multiple depository locations so people from all corners of the country can choose locations that are convenient to them. A nearby location gives you the flexibility to pass by the depository to get an idea of how well your precious metals are stored.
Is Goldline Trustworthy?
In a world full of scams, it would only be right to ask this question. Fortunately, Goldline seems to be a trustworthy company. The fact that they have been in business for over 60 years lets you know that they must be doing something right.
On top of that, all their shipments are insured ensuring that your investment is protected even when in transit to the depository or your home. Plus, they only work with IRS-approved depositories.
Goldline is a good precious metal dealer whether you’re looking to invest in IRA or get them shipped to your doorstep.
The company has been around for at least 6 decades. In addition, they continue to enjoy high ratings on third-party reviews sites like BBB and Trustpilot. And even though they have their fair share of downsides, they are for sure a reputable gold IRA company.
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