Various investment opportunities can offer you a good return but are also very unreliable and volatile. Therefore, investors want to put their money in stable precious metal investment options and see their value increase over time. That is where precious metals like gold, silver, platinum, etc., come into play.
Finding a reputable precious metal dealer can allow you to buy and invest in gold, silver, etc., without hassle. So, we will perform a comprehensive review of Provident Metals to help you understand whether or not you should do business with this company.
Provident Metals has operations throughout US and Canada, offering its clients a wide range of precious metals. The company has been in business since 2009, with its headquarters in Dallas, Texas. Let's go over the reputation, promotional offers, fees, etc.
Provident Metals Review: Reputation, Promotional Offers, Fees
Let's go over the essential details about Provident Metals so you can better understand the company's operations and reputation.
What Do Provident Metals Offer?
Provident Metals is a precious metal retailer that offers its customers various products. It allows investors to invest in gold, silver, and other precious metals. Therefore, you can invest in gold IRAs or buy collectible and numismatic coins.
You can head to the company's website to buy the precious metals you like, and they ship them to your homes. The company has partnerships with different mints globally to get their customers the best coins and metals. Provident Metals also has a portal that allows investors to sell their precious metals.
Besides that, investors can also open a gold or any other precious metal IRA. In a nutshell, the main goal of Provident Metals is to bridge the gap between investors and traditional investment markets. You can purchase the best coins, bars, and collectibles of different precious metals.
Provident Metals is only offering delivery options to customers in US and Canada. However, it soon aims to launch an international shipping plan.
Provident Metals Website
Provident Metals has a robust and user-friendly website that helps you navigate different products. You can check out the main page to learn about the new deals of the day and follow links to the product listings of the precious metals and coins.
Marketplace
Provident Metals has a portal that you can access through its website. The primary marketplace is where you can go through the different products and add them to your cart. Since the prices change every day, they will regularly update them.
The marketplace allows you to buy and sell everything from numismatic coins to collectibles. The plethora of options available from Provident Metals is also what makes it stand out.
Sales
This review will also give you insight into buying and selling valuable commodities from Provident Metals. You can head to their online portal to get the best deals and prices for the coins and bars. The portal also accepts different precious metals, such as:
- Gold
- Silver
- Platinum
- Palladium
- And many more!
If you want to buy precious metals, you need to call and lock in your payment. The company will then ship your items to their main office. After they get your metals, the company will pay for it within three business days.
Keep in mind that the minimum sale amount set by Provident Metals is $1,000. Provident Metals will send your money through a wire transfer, paper check, or ACH e-book.
IRA Program
The IRA program is Provident Metals's best option, allowing you to invest your money for optimal returns. You can discuss with their partner Preferred Trust Company to open an account. The Provident Metals IRA program is an excellent option to diversify your portfolio and protect your retirement assets from inflation.
Reputation
Some gold marketplaces earn a bad name for having hidden charges and other scams. But that is not the case with Provident Metals since it has a solid online reputation. The company has a high rank on Trustpilot and got an A from the Better Business Bureau.
Moreover, the company has affiliations with various organizations, such as the American Numismatic Association and Certified Coin Exchange. In a nutshell, the company maintains an impressive reputation and is especially popular for how it deals with customers.
Fees
The best thing about Provident Metals is that you won't have to pay any fees for opening an account. You won't have to pay any fees when placing an order. Since prices are frequently changing, Provident Metals gives discounts depending on the payment method you choose. For instance, you can get 3% off if you pay with Bitcoin, while paying with ACH/e-check offers a 4% discount.
While there are no charges for opening an account, you need to pay the typical fees that come with an IRA. The company will charge annual fees, storage fees, etc. Provident Metals stores your metals in a custodian company, so the fees will also depend on the company you choose.
Additionally, the company offers shipping options to customers in US and Canada with a flat $7.99 fee. There is no shipping fee if the order has a value of $199 or above.
Things Investors Like About Provident Metals
You can find a ton of investment platforms and marketplaces that offer the same services as Provident Metals. So, what factors distinguish Provident Metals from others? Let's go over some things that investors like about Provident Metals.
Large Investment Selection
Gold is very much a safe-haven investment since it is an excellent hedge against inflation. This precious metal has a limited supply with no authority to regulate its quality. Therefore, investors look for firms that can offer them other investment options like gold. The one thing that helps Provident Metals stand out is its vast selection of products.
Regardless of what you want to buy, you can easily find it at Provident Metals. The company has an extensive catalog with the following products for its customers:
- Canadian gold coins
- Copper rounds
- Metal bars
- Platinum bars
- Silver eagles
- Traditional gold mint coins
IRAs
Besides hedging fiat currency inflation, people choose to invest in gold to protect their savings and retirement funds. The Provident Metals IRA program allows you to choose any precious metal for your retirement plans. Similar to the traditional IRA, the Provident Metals IRA program gives you access to various tax benefits.
The best thing about the gold IRA is purchasing physical assets. With a gold IRA, you can ensure your retirement investment plans are on track.
Educational Materials
Provident Metals not only offers precious metals but also provides you with educational resources. ow, you can increase your knowledge about investing in gold, silver, platinum, etc.
You can access investment guides, information, and other resources to analyze the trends and prices in the long run. The best part is that you can access these resources for free.
How to Open a Provident Metals Account?
The process of opening a Provident Metals account is straightforward. All you need is to give your name and phone number along with a unique ID and password. Once the company registers your account, you can add a payment method. After everything is complete, you can start shopping for precious metals.
Similarly, the process of opening a gold IRA account is easy. You need to contact a Preferred Trust Company to help you create and fund an account. Once you create your account, you can add the metal of your choice to your portfolio.
Provident Metals FAQ
Does Provident Metals allow returns?
Yes. Provident Metals allows you to cancel your order within five days. However, you shouldn’t open the package or damage it.
What payment options do Provident Metals allow?
Provident Metals allows you to make payments for your purchases through the following options:
- ACH
- Bank wire
- Bitcoin
- Credit/debit card
- Money orders
- PayPal
- Personal check
Does Provident Metals insure purchases?
Provident Metals doesn't insure any item that you purchase, since the metals will be your responsibility to keep safe.
It is best to take appropriate steps to keep your physical assets in a safe and secure place.
Does Provident Metals report transactions to the IRS?
Provident Metals will report transactions greater than $10,000 to the IRS. If you want more details about their reporting process to the IRS, you can call them to learn more about it.
Provident Metals Review: Final Thoughts
Provident Metals gives you access to a comprehensive marketplace where you can buy and sell precious metals. It is the top precious metal retailer in the business. Gold continues to remain the top pick for investors, especially for its stability.
So, you can invest in this valuable asset or other precious metals through Provident Metals. If you want to learn more about investing in valuable assets, such as gold, you can reach out to "Learn About Gold." You can contact us too, and we will be more than happy to help.
