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Red Rock Secured is a leading precious metals investment firm based in the United States. With a mission to provide clients with comprehensive wealth protection solutions, Red Rock Secured offers a range of investment options including gold, silver, platinum, and palladium.
Settling on a company that offers IRA-eligible precious metals can be daunting, especially when you aren’t sure who to trust and who to avoid. But as always, it is always a good idea to peruse different user reviews so you can see what they have to say about any gold IRA firm so you can make an informed choice.
Talking about reviews, this write-up is all about a company called Red Rock Secured. This company may be ideal if you need top-tier professionals to guide your precious metals investing journey. But just how good are their offerings? Let’s explore.
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What Is Red Rock Secured?
Red Rock Secured was formed in 2009 with the goal of helping people safeguard their retirement accounts and allowing them to invest in assets that gain substantial value over time.
To-date, the company seems highly focused on supporting those who desire to grow their financial fortunes over time.
One of the company's services entails offering IRA products to new and returning customers.
You can hold these precious metal products in two ways which are depository storage (best for IRA) or home storage.
Red Rock Secured uses Kingdom Trust as its preferred depository.
Kingdom Trust is an independent and qualified custodian that provides investors with cutting-edge and distinctive custody services. They are supervised by the South Dakota Banking Division and have almost 100,000 clients. They manage over $12 billion worth of assets.
The company is a highly acclaimed custodian that administers IRAs for Red Rock Secured’s clients. One of the custodian’s duties is to handle asset liquidations and purchases.
Kingdom Trust is insured by the Lloyds of London, an insurance company based in London, England. The company uses the most recent security measures and is fully insured to ensure that depositors’ precious metal assets are highly protected.
They also run a top-notch depository facility that has state-of-the-art security in which IRA-held precious metals are kept.
If you want to inspect your assets personally, you can always visit the depository and do so. They keep up-to-date, clear, and accurate records so as to prove ownership of assets in an investor’s account.
They have also separated their business finances from the investors’ precious metals. So, in case of bankruptcy proceedings, the investors are not in danger of having their precious metals taken.
What’s more, in case of a rollover, the teams at Red Rock Secured and Kingdom Trust work together to ensure the process happens seamlessly.
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Red Rock Secured can ship precious metal products to an approved facility close to the investor’s home or directly to their home. Here is how this works:
Step 1: Open a Self-directed IRA
You will need to open an SDIRA authorized to hold non-traditional assets such as precious metal products. After opening this account, you can convert your bonds, stocks, and mutual funds to precious metals without additional costs or taxes.
Step 2: Establish an LLC
You then need to create an LLC that will assume the precious metals’ legal ownership so that you can legally store them outside a depository.
You can keep the precious metals in any IRS-authorized location within the LLC, such as a safety deposit box in a bank. It is also worth noting that you can’t use the IRS as your precious metals depositor.
Step 3: Purchase
When you acquire your precious metals, Red Rock Secured will deliver them to your residence. You must accept the delivery and store the precious metals in a location approved by the IRS.
Your precious metals purchase is kept entirely confidential. IRS only needs proof of the asset held in the IRA and will only be notified of investments made in the LLC and not the actual precious metals held in the LLC.
Red Rock secured has built a solid reputation in thoroughly educating its customers about historical data and how they can acquire precious metals.
As a customer, you will receive full consultation on precious metals to make a more informed decision on what to buy.
During this consultation, the company’s representatives will extensively take you through the precious metal categories and their distinctions. They will also enlighten you on the Committee for Uniform Security Identification Procedures (CUSIP) list, which every investor should be aware of and understand. This list distinguishes the private non-trackable assets from non-private trackable assets.
Client Care and Protection
Red Rock Secured is interested in maintaining your investment’s security. And because the company’s success is based on its client’s success, they always commit to providing high levels of communication built on integrity and trust.
They also provide a price protection plan. If you purchase gold or silver and their price declines within seven days of the purchase, Red Rock Secured covers the difference in more precious metals on qualified accounts.
Red Rock secured allows their clients to have a strategic mix by allowing them to create a well-diversified investment portfolio. The company offers a variety of products that helps secure your retirement in the long run and ensure your liquidity levels are high.
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Products Red Rock Secured Offer
As a Gold IRA company, Red Rock Secured is focused on providing clients with precious metals eligible to be held in IRAs. Their product selection is limited, but they offer silver, platinum, palladium, and gold bars and coins.
The types of coins the company offers include the American Palladium Eagle, American Gold Eagle, American Platinum Eagle, and American Silver Eagle.
In addition, Red Rock Secured also offers “junk” silver. These are U.S. coins containing 90% silver and can be used as a fractional silver alternative.
How to Buy Gold and Invest With Red Rock Secured
First, you’ll need to speak to a representative and have a no-pressure conversation. Red Rock Secures gets your gold IRA and any other investments set up. But you are in control of the entire process.
It is free to have a one-on-one talk in which you’ll get more information about precious metals investments. This will equip you with adequate knowledge to decide which investment option is good for you.
You will then select an IRA custodian to oversee your retirement savings account. Many retirement investors go for a Gold IA rollover.
A Red Rock Secured representative will then establish a tax-free and penalty-free transfer from your bank for the rollover to be complete.
Costs of Gold IRAs From Red Rock Secured
There are no fees posted on the Red Rock Secured website, but the company states that many of their clients qualify for a lifetime of paying no fees.
For investment in a silver or gold IRA, there is a minimum investment of $25,000; for cash purchases, the minimum is $1,500.
Any of the company’s gold IRAs have custodial and storage fees, which vary depending on your preferred company for the services. Basically, the storage costs are anywhere from $125 to $300 annually.
Customer Reviews About Red Rock Secured
Some of the reviews highlight the excellent service the company representatives offer new investors, including their patience and willingness to answer every client's question. Others appreciate the opportunity the company accorded them to diversify their investment portfolios to include physical gold.
All this is evidence that their customers love the products or services they receive.
Red Rock Secured is a legit company. Based on their reviews on platforms such as Trustpilot and BBB, it is evident that some people have interacted with the company and received the services as expected.
Yes, Red Rock Secured has a precious metals buyback program in which they will buy your investment if you need your gold or silver to get sold fast.
Unfortunately, you cannot ship the gold directly to a P.O. Box. This is because you need to sign the delivery of all orders from Red Rock Secures despite the delivery location.
Upon confirmation of your first transaction, you can cancel the order within seven days. Your order is final upon its confirmation.
Red Rock Secured has built a firm reputation for educating and assisting all gold investors, whether amateurs or highly experienced.
Additionally, it is among the few companies in the industry that provide Home Delivery options to their gold IRA clients.
The company offers silver, gold, and many other investment opportunities which you can use to diversify your investment portfolio.
If you get stuck at any point in your investment process, you can contact a company representative who will provide you with any relevant information to assist you.
Overall, Red Rock Secured is an investment company worth considering especially if you’re looking to venture into the world of self-directed IRAs.
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