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As many know, bullion is a precious metal that is in the form of a bar or coin. It is often bought by investors as a way to store wealth. There are hundreds if not thousands of precious metals dealers around the world, and some provide better service and better pricing than others.
Low Cost Bullion (http://lowcostbullion.com/) is one of the better dealers out there. As a leading online dealer of precious metals, they are able to offer some of the lowest prices in the industry. In addition, they offer a variety of products and services in addition to free shipping on all orders over $99 – something that is very rare in the precious metals industry.
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Types of Bullion
There are two main types of bullion: gold and silver. Gold bullion is often available in the form of bars, coins, or rounds. Silver bullion is also available in these forms, but is more commonly available in the form of bars. Both gold and silver bullion can be bought from a variety of dealers, but it is important to find a reputable dealer who offers low prices and free shipping.
Low Cost Bullion LLC offers fair and reasonable pricing on all gold and silver bullion. As a fully licensed and accredited business, it is in their best interest to provide exceptional service and the best prices possible.
Pricing Gold Bullion
The pricing for gold bullion at Low Cost Bullion is comparable to the spot price of gold. Spot price is the current market price for a particular commodity and is determined by supply and demand. Gold bullion is priced according to its weight and purity. The most common weights are 1 oz, 10 oz, or 100 oz bars.
The prices of gold bullion will fluctuate based on the spot price of gold, but Low Cost Bullion always tries to stay as close to the spot price as possible. In addition, they offer free shipping on all orders over $99 which makes them one of the most affordable dealers around.
Pricing Silver Bullion
Silver bullion is also priced according to its weight and purity. The most common weights are 1 oz, 5 oz, or 10 oz bars. The prices of silver bullion will fluctuate based on the spot price of silver, but Low Cost Bullion always tries to stay as close to the spot price as possible. In addition, they offer free shipping on all orders over $99 which makes them one of the most affordable dealers around.
Benefits of Owning Physical Gold and Silver Bullion
There are many benefits to owning physical gold and silver bullion. First and foremost, it is a tangible asset that can be used in times of economic crisis. Gold and silver have been used as a form of currency for thousands of years and will continue to be accepted as such in the future.
Something that I found interesting in my research when I was looking into working with Low Cost Bullion was that they seem to really understand the market trends and how to time their buys/sells well. I've made some great profits off of following their advice.
Another benefit of owning physical gold and silver bullion is that it is a hedge against inflation. Over time, the purchasing power of paper currency decreases while the purchasing power of gold and silver increases. This is because gold and silver are scarce resources that cannot be printed like paper currency.
Lastly, gold and silver bullion is a good way to diversify your investment portfolio. Many experts recommend that you invest 5-10% of your assets in precious metals as a way to protect yourself from market volatility. In my experience, precious metals dealers always encourage keeping more than that in a portfolio, but that is the general rule.
Buying Precious Metals
There are many places to buy precious metals, and Low Cost Bullion is one dealer that stands out among the rest. Low Cost Bullion sells gold, silver, platinum, and palladium.
The staff at Low Cost Bullion makes it easy to buy precious metals. They are knowledgeable and friendly, and they offer free shipping on all orders over $99. I would highly recommend Low Cost Bullion to anyone looking to buy precious metals.
Low Cost Bullion accepts a variety of payment methods including credit cards, bank wire transfers, eCheck, PayPal, and paper checks. Credit card payments are processed immediately, but there is a 3% processing fee. Bank wire transfers are also processed immediately, but there is a $25 fee. eCheck and paper check payments take 1-2 business days to process.
Orders over $99 ship for free via UPS or FedEx. Orders under $99 ship for a flat rate of $9.95. Expedited shipping is available for an additional fee.
Low Cost Bullion has a 14-day return policy. All returns must be postmarked within 14 days of the delivery date. Returns are subject to a 5% restocking fee. Shipping costs are not refundable.
Pros & Cons of Low Cost Bullion
As with any review, it's good to point out what a precious metals dealer does well and not so well.
What Does Low Cost Bullion Do well?
What Doesn't Low Cost Bullion do well?
What Could Low Cost Bullion Do Better?
It would be nice if they had a larger selection of precious metals to choose from. The website does show a good variety, but something similar to a bundled deal might be a good addition to the offerings.
The website could also be more user-friendly. It's common in this industry that a precious metals broker website looks like it was designed twenty years ago. That said, it would be nice to see the Low Cost Bullion website get an upgrade at some point.
It is also worth noting that Low Cust Bullion sells gold and silver as a way to fund or add to your IRA.
A gold and silver IRA, or individual retirement account, is a retirement savings plan that allows you to hold physical gold bullion as an investment. When you contribute to a gold IRA, you are buying gold that will be stored and safeguarded by a third-party custodian. Being a historically-stable investment, precious metals' value has tended to increase in times of economic volatility.
A gold IRA can be a valuable way to protect your retirement savings during difficult economic times, and it performs exceptionally well during periods of inflation.
Overall, I was very impressed with Low Cost Bullion. It is one of the more positive experiences I've had working with a precious metals dealer.
Low Cost Bullion is one of the most affordable and trustworthy dealers of gold, silver, platinum, and palladium. With a great selection, free shipping on all orders over $99 and a 14-day return policy, I would highly recommend Low Cost Bullion to anyone looking to buy precious metals.
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