Last Updated on November 14, 2023 by Ben
Bullion Direct was a Bullion dealer located in Austin, Texas. They offered a unique buying opportunity to their customers by allowing them to buy Bullion without commissions and storage fees. In addition, they stored the Bullion for the customer until it was sold. This allowed the customer to avoid having to worry about the safe storage and transportation of their Bullion.
Precious Metals Investing In Bullion Direct – Everything You Need to Know
What is Bullion Direct?
Bullion Direct is a company that sells and buys precious metals, like gold. They have been in business since 1999, and their website was launched in 2000. Bullion Direct is a company that specializes in online sales of gold, silver, platinum, and palladium bullion. It has more than 15 years of experience. The company uses a proprietary system called Nucleo to allow investors and institutions to place and track precious metals orders in real-time.
On July 20, 2015, the firm closed following filing a bankruptcy petition. This notice may be seen on the main page of the company’s website.
“On July 20, 2015, BullionDirect, Inc. filed a bankruptcy petition, Chapter 11 No. 15-10940 in the U. S. Bankruptcy Court, Western District of Texas, Austin Division Additional notices will appear on their site regarding hearings, deadlines, filing proofs of claim and other such matters. PDF Notice”
Who Owns Bullion Direct?
Charles McAllister is the president of Bullion Direct. The company’s aim was originally conceived in the 1990s when investors wanted to establish a digital system in which they could purchase, sell, and trade precious metals in real-time. The site’s software is managed by Nucleo Development, which was formerly known as Bullion Direct Software. Since November 2013, Bullion Direct, Inc. has been a BBB-accredited business.
Bullion Direct Contact Details
Address: 700 Lavaca St LL 1, Austin, TX 78701
Phone: (512) 462-2646
Email: Web Form
Is Bullion Direct a Scam?
Bullion Direct was doing good at first. It was founded in 1999 and has survived all through the years until 2015.
It received a bunch of complaints from its clients and eventually filed for bankruptcy. But do not worry. There are still other precious metal companies out there where you can get your products.
Bullion Direct Services and Products
- E-commerce facility
- Bullion Bars
- Bullion Coins
- Numismatic Coins
- Investment/Retirement Vehicles
- Secure Storage / Vaulting
Bullion Direct stocks a variety of gold, silver, platinum, and palladium bullion coins and bars in various weights. Their costs are determined by real-time market movements and are available 24 hours a day, seven days a week via their internet catalog. The following are some of their gold bullion products that may be deposited to an IRA:
- American Gold Eagle 1 oz
- American Gold Eagle ½
- American Gold Eagle ¼ oz 2014
- American Gold Eagle ¼ oz (backdated)
- American Gold Eagle 1/10 oz 2014
- American Gold Eagle 1/10 oz (backdated)
- American Gold Buffalo 1 oz 2014
- American Gold Buffalo 1 oz (backdated)
- Australian Kangaroo ½ oz
- Australian Kangaroo 1 oz 2014
- Australian Kangaroo 1 oz (backdated)
- Austrian Gold Philharmonic 1 oz
- Austrian Gold Philharmonic 1/10 oz
In conclusion, Bullion Direct has a significantly broad range of bullion in comparison to many rivals. You should note that the above items are not the full selection that they provide.
Website Investment Information
Here are some of Bullion Direct’s key web pages:
- Gold Bullion Catalog – The website Bullion Direct provides product listings that are always updated for all of the gold bullion coins and bars that they sell.
- Bullion Direct Forum – People who use Bullion Direct provide answers to problems on the website. They also help other people by answering questions.
- Main Products Page – The Bullion Direct product showcase displays the company’s top-selling products.
Bullion Direct Ratings and Complaints
Online business directories give Bullion Direct a good reputation. They have ratings and reviews on the top online business directories.
- BBB: F
- BBB Complaints: 177 complaints in the last three years
- BCA: AA
- BCA Complaints: 2 complaints
- CitySearch: Not Rated
- Google+: Not Rated
- RipOff Report: 1 Report
- SiteJabber: No Reviews
- Trustlink: Not Listed
- Yellow Pages: Not Rated
- Yelp: Not Listed
Before Bullion Direct filed for bankruptcy, it had an F rating from the Better Business Bureau and 177 customer complaints.
However, if you look at its BBB profile now, it is Not Rated, and the complaints and reviews have been removed.
Its BCA profile is the same. It also has one report on Ripoff Report.
Bullion Direct Pros and Cons
- Good products and services
- Good for small purchases
- Positive reviews
- Lacks ratings and reviews
- Not BBB accredited
- Offers gold and silver products only
- No IRAs
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Bullion Direct is a company that sells precious metals for investment purposes. They offer gold, silver, and platinum bullions in different sizes to suit customers’ needs. However, before committing to any investment with them, it’s important to do some research into their history as well as what other customers have said about working with them.