Best SD Bullion Alternatives

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Contributor, Benzinga
September 26, 2023

Not quite satisfied with SD Bullion and looking for the best alternatives? With so many options available, it can be hard to pick which bullion provider is the best for you. From other top online dealers to exchange-traded funds (ETFs) to local stores, you can choose from several options when investing in precious metals. Keep reading to learn the best alternatives to SD Bullion.

Best SD Bullion Alternatives

Best SD Bullion Alternatives

Here are some of the best alternatives to SD Bullion.

1. Best for Precious Metal and Gold IRA Investing: Advantage Gold

Advantage Gold is one of the fastest-growing precious metals dealers in the world. It specializes in precious metals IRAs and has impeccable customer support with a team that has the experience to help you through any problems you may run into.

Rolling over an IRA to Advantage Gold is especially easy. You can also have your precious metals delivered to you directly if you choose. The main disadvantage of using Advantage Gold is that it doesn't have quite as large of a selection of coins as SD Bullion. However, it has most of the top gold and silver coins and an impressive selection of platinum coins and one palladium coin).

Pros

  • Gold IRAs allow you to leverage your retirement savings to buy into a stable asset
  • Silver, platinum and palladium investment opportunities allow you to diversify within the precious metals market
  • You can turn to Advantage Gold when you need to hedge against economic downturns

Cons

Converting to a gold IRA investment account or purchasing offsite gold products may not be a comfortable process for every investor

2. Best for Gold IRAs & Home Delivery Gold IRA: Red Rock Secured

Red Rock Secured is a well-known precious metals dealer, and it has one of the best reputations of all. You can buy precious metals and various coins in an IRA for the company to hold or to be delivered directly to your door.

Red Rock Secured has some of the lowest fees of any popular precious metals dealer, and it has a low minimum investment requirement. The platform's selection of coins and bullion is impressive and includes circulated and uncirculated coins from 1964 JFK Half Dollars and Mercury Dimes to the classic 1-oz Gold American Eagle Proof coin.

Pros

  • Low minimums allow you to invest in gold and other precious metals without risking all your money
  • The affordable fee structure helps you keep more of your money and feel more comfortable with the security of your portfolio

Cons

  • Fee information not available on website

3. Best for Gold IRAs, New and Experienced Investors: American Hartford Gold

American Hartford Gold is a family-owned business based in Los Angeles and was ranked the #1 gold company by the Inc. 5000’s 2021 List of America’s Fastest-Growing Private Companies. You can purchase precious metals to be delivered directly or through an IRA with the platform.

American Hartford Gold has it all. It has gold, silver and platinum investments and will buy your precious metals from you when you want to sell. It also has fantastic educational resources that can be a massive help on your investing journey. It is recommended by personalities and celebrities like Bill O’Reilly, Rudy Giuliani, Roman Balmakov and Dave Rubin.

Pros

  • The experts who offer support have many years of experience in the gold market and understand your unique financial situation
  • American Hartford offers a range of gold coins and bars that they will store on your behalf, or you can choose your delivery method
  • Easy account setup allows you to test the market quickly

Cons

  • The online catalog doesn’t list all the prices, so you should call for pricing support

4. Best for Futures Trading: Augusta Precious Metals

Augusta Precious Metals is a top-notch gold IRA provider that specializes in aiding savers looking to invest in precious metals. It has been rated the highest of all the firms Benzinga has evaluated. What makes this company stand out is its commitment to educating retirees on investing in gold IRAs and raising awareness of companies that use high-pressure tactics.

Augusta Precious Metals allows Americans an opportunity to invest in precious metals through supported IRAs as well as buying the metal directly from them. The main con of Augusta Precious Metals is that it has a high minimum investment requirement of $50,000, which is usually not a problem for IRA investors.

Pros

  • When you sign up for an account, it’s possible that many of your fees could be covered by the platform
  • Gold and Silver IRAs help you plan for retirement, especially if you wish to further diversify your portfolio

Cons

  • The minimum investment is rather high, which could put off some investors

What is SD Bullion?

SD Bullion is an online precious metals dealer that specializes in gold, silver, platinum and palladium products. It started out in 2011 as a precious metals news website and evolved into a top bullion dealer. It is one of the fastest-growing companies, let alone precious metals dealers, in the United States, and it has a reputation for its ease of use and competitive prices.

While SD Bullion is a great option for investors looking to buy or sell bullion, it may not be the best platform for everyone. A variety of alternatives can offer similar or better customer service, product selection and pricing.

What SD Bullion is Lacking

SD Bullion is a well-known precious metals dealer that provides a wide selection of coins, bars and rounds. SD Bullion has a few disadvantages that you can avoid with other dealers. One such disadvantage is that the selection of coins and bars available is limited, with a focus on U.S. coins, bars and rounds. Its selection is more than wide enough for most investors, but it's not the best for some kinds of investors like coin collectors.

One of the most important features that SD Bullion lacks direct support for is precious metals IRAs. If you are looking to invest in precious metals with the tax benefits of an IRA, SD Bullion is likely not the best dealer for you.

SD Bullion usually charges low or industry-standard fees, but it does have a 3%-5% cancellation fee if you fail to submit your payment in time. It charges a 3%-5% restocking fee for returns as well.

Reviewers have expressed some frustration with SD Bullion for its customer service. According to its many reviews, its service is not bad but is a bit limited as it's only available during weekdays during business hours.

Should You Be Investing in Precious Metals?

Investing in precious metals can be a smart and lucrative way to diversify an investment portfolio. Precious metals such as gold, silver and platinum have historically held their value over time. Additionally, precious metals tend to perform well during economic downturns, making them an attractive option for investors looking for long-term security.

Golden Insights

Choosing the right platform for precious metals investment depends on various factors such as IRA support, customer service and product selection. While SD Bullion is a strong contender, alternatives like Advantage Gold and Birch Gold Group offer specialized services like impeccable IRA support. Red Rock Secured and American Hartford Gold stand out for their low fees and wide selection. With options like these, diversifying your investment portfolio with precious metals has never been easier or more tailored to your needs.

Frequently Asked Questions

Q

What types of precious metals should you invest in?

A

When considering investing in precious metals, the choice depends on investment goals and risk tolerance. Gold and silver are popular choices because of their historical value and liquidity. Gold is seen as a safe haven asset, while silver has investment and industrial uses. Platinum and palladium may also be worth considering. Conduct thorough research and seek professional advice before making investment decisions.

Q

When is the right time to buy gold?

A

The right time to buy gold depends on economic conditions, market trends and individual financial goals. Buying gold may be a good investment during times of economic uncertainty or inflation. However, it is important to evaluate market conditions and seek professional advice before making any investment decisions. The timing for buying gold varies for each individual based on their circumstances and objectives.

Q

Is investing in precious metals risky?

A

Investing in precious metals can be risky because of volatile prices and susceptibility to market fluctuations. Economic conditions, geopolitical events and changes in supply and demand can also impact their value. However, some investors see them as a hedge against inflation and a safe haven during economic uncertainty. It is crucial to thoroughly research and comprehend the risks before making investment choices.

Henry Stater

About Henry Stater

Henry is an expert in all things crypto. He stays up to date with all the latest coins, platforms and technologies in the field. He has particular expertise in the burgeoning decentralized finance ecosystem and loves trying out all the new platforms. He also always follows major events in other financial markets and geopolitics as a whole, especially when an event’s effects ripple through the crypto market.