Are you considering Hard Assets Alliance for purchasing precious metals? Finding a business you can trust when it comes to managing your hard-earned money is critical.
Many investors are moving their assets to precious metals because it provides a safe haven against the dollar’s continual depreciation. Fortunately, the value of precious metals is significantly more permanent, especially when compared with fiat money. You can feel rest assured that your precious metals investments will continue to be valuable in the event of a depression or recession.
About This Firm: Hard Assets Alliance Review
What is Hard Assets Alliance?
These days, people like to invest in gold and silver because they are safe. Gold and silver go up when the stock market goes down or when there is not enough money. That’s because people don’t want to invest in things that will lose money, so they invest in things that won’t.
Gold and silver are good to buy because they increase in value as the dollar becomes less valuable. The more money you have, the more gold or silver you can buy. A dollar that you saved in 1980 will be worth much less now. On the other hand, gold will have about the same value, if not a little higher than it.
Many people are buying gold because they are worried that their retirement isn’t going to be safe. This is because of how many times there have been economic crashes in the past 20 years.
That’s where Hard Assets Alliance comes in. They are a group of companies that provide gold, silver, and other precious metals to clients. They make it uncomplicated to buy and sell these things because they have an online market called SmartMetals.
One of the goals of this group is to give people precious metals at close to market price. They also have an online marketplace that is different than most other companies.
They also offer international shipping and storage options. For investment accounts, they have self-directed IRAs and regular investment accounts. Purchasing, storing, and selling all of your metals can be done through the HAA platform.
- Gold, silver, platinum, palladium
- $5,000 for whole bars
- For Singapore and Salt Lake City – 1 oz for fractional gold bars in
Delivery of Gold
- Optional, Some clients may want their gold delivered to them physically. If this is the case, they need to be aware of any fees involved. Gold can be delivered anywhere in the world within two days.
- New York (USA), Salt Lake City (USA), Zurich (Switzerland), Melbourne (Australia), London (United Kingdom)
- U.S. dollar
The following are some gold bullion products available:
- 1 ounce to 400 ounce gold bars
- 0.10 oz coins to 1 oz coins
- fractional ownership
MetalStream, a Gold Savings Plan based on Vaulted Gold, is also available through the Metal Assets Alliance.
Is Hard Assets Alliance A Scam?
There is no evidence that this firm is a scam. However, they could improve their efforts to gain the confidence of their consumers and potential customers considerably. The difficulty of obtaining critical information about them is one of the most significant issues.
Anything that can help identify them, like their physical address or even who founded them.
It’s not asking for much; it just requires basic information that any business should have readily available. How can you have any trust in a firm that is so secretive with such essential data?
Security Considerations Regarding Hard Assets Alliance
What are the Main Benefits of Using this Company?
According to the Hard Asset Alliance, there are various things you need to do:
Hard Asset Alliance’s partner Gold Bullion International offers a safe way for investors to buy and store precious metals. They have steps in place to keep this process safe and secure for their clients.
GBI partners with two companies called Via Mat and Brinks Global Servicing USA. Both are part of the London Bullion Market Association, which is the association for professional bullion markets in London.
Gold Bullion International has an independent company that checks its gold. It is called KPMG.
Gold, silver, and other valuable metals are audited on a daily basis. The vaulting partners send reports with lists of bars to GBI. The auditing firm checks the precious metal for each company on a quarterly basis. Each company checks its precious metal bar holdings with GBI on a collection basis and reports its individual holdings at the consumer level through its existing platform.
The auditing firm checks all holdings of precious metal every three months. Each broker-dealer confirms their own holdings with GBI and reports each customer’s holdings to GBI through their own system.
Hard Assets Alliance Reviews and Ratings
When making a major decision, it’s a good idea to conduct some research to determine what the majority viewpoint is on the subject.
It’s a lot more difficult for businesses to hide behind their big promises when you have so many avenues for customers to express their feelings and views.
Better Business Bureau (BBB)
- They are not accredited by the Better Business Bureau and have an overall C rating, both of which are red flags.
- Their TrustPilot ratings are much better at an overall 4.4 stars, and they have 41 total reviews.
Rip Off Report
- Since there are no customer complaints reported on Ripoff Report, that’s a good thing.
What Hard Assets Alliance offers to Gold Investors
You can choose from many gold bars. Some are smaller than one ounce, and some are bigger than one kilogram.
There are also gold coins that are accessible in one-ounce proofs. These coins do not just look good, but they meet strict standards for purity.
There are many types of coins you can buy. Some are American Eagles, American Buffalo nickels, Canadian coins, South African coins, Austrian coins, and UK coins.
The silver bars are much bigger than the gold bars and can be worth between $100 to $1,000. Silver is more expensive than gold, so these investments will have more risk.
The price of silver is expected to go up because it is an important part of electronics. Many different phones, automobile, and smart technology manufacturers need silver. However, as the supply of silver gets lower and lower, the price will go up.
There are silver coins in the same style as the gold coins. In addition, you can buy a box of 500 one-ounce American Eagle silver coins. For those who want to buy a lot of silver, that is a good option too.
Platinum and Palladium
There are no coins in platinum and palladium. If you want to buy one of these metals, then you can only buy a 1-ounce bar through the HAA marketplace.
Pros and Cons of using Hard Assets Alliance
- HAA pass on the GBI platform, which is trusted
- Remote storage is accessible with the ability to ship directly to you
- Can easily buy, hold, and get rid of it through the company
- A good number of precious metal options
- Shipping supposedly charge a heck of a lot (understandable though, since these are precious metals)
- Lack of transparency
- Not many details on the storage facilities they use
- A bit overpriced
- Customer support doesn’t seem to be that great.
Costs of Gold at Hard Assets Alliance
Costs for Buying Gold
Estimated markup for buying bars that are cheapest to buy:
- 1 oz: 2.85%
- 10 oz: 3.78%
- 1 kg: 1.66%
- 400 oz: 1.32%
Costs for Storage and Insurance
- 0.70% per year
- The fee for this is US$ 5 a month.
- If a client wants to have their gold or other precious metal sent somewhere, they will pay for it.
When you sign up, you will answer some questions to show who you are. After that, you can put money into your account so that you can buy things. You can open an account with a precious metal dealer no matter where you are in the US. That means that dealers are required by law to verify your identity.
There are many different types of accounts that you can open. These comprise savings, checking, and money market accounts.
- Individual and joint personal accounts
- Corporate accounts Trust accounts
- UTMA accounts
The company has done its best to create all the different types of accounts you can use for your precious metals investment. Most people will be using one of these accounts to hold their current investments, or they’ll be opening an IRA account to save money for when they retire.
If you use an IRA, you need to follow IRS rules for storage. This means that you need to pay a fee every month to store your items at a place approved by the IRS.
Another thing that is special about the alliance is MetalSTREAM.
Augusta Precious Metals
Augusta Precious Metals is a group of people who are really smart. Anyone can ask them what they want to know about gold, silver, and other metals. They will answer in a way that makes someone understand it. Although customers may buy non-IRA gold and silver, the company focuses on Gold IRAs. This is different from other precious metals IRA providers who just offer precious metals IRAs as one of many alternatives.
There are many useful materials at low prices that you can get for free. It is quick and easy. Some people like this field because of the repeat business they get. This company is honest and tells customers about their ratings on popular sites. They also show what people say about them.
American Hartford Gold
The American Hartford Gold Group is a company that has two leaders: Scott Gerlis and Sanford Mann.
This company is based in Los Angeles. It was established in 2015, and it helps people to diversify their portfolios by investing in gold, silver, platinum, or palladium.
The company offers customers the tools they need to help them save money for retirement. The company has experts, customer service, a website, and publications that can help people save.
They sell a wide range of goods. They specialize in the sale of gold, silver, and platinum in the form of coins and bullion.
Goldco provides a lot of services to people in the area. Goldco follows all IRS requirements and also buys back your gold or lets you sell it on the market once you start using their distribution system.
This company does not provide custodian or storage services. But they work with other companies that do. So if you need a place to store your stuff, they can help you find it.
The company has been accepted as one of the fastest-growing businesses in its field because it has a lot of reasons that make it grow.
Goldco’s precious metals IRA is easy to open and only takes a few minutes. You can either conclude it online or over the phone. Once you’ve done it, you’ll need personal identifying information, such as your social security number. They will give you a list of different precious metal IRAs that are open to you during the selection. If necessary, they should walk through the process step by step with you.
Hard Assets Alliance seems like a great investment opportunity on paper. It provides an expansive marketplace for precious metal buyers and sellers to trade in, all with the benefit of expert guidance from hundreds of organizations across the industry. But upon closer inspection, it’s not everything that it promises to be. For one thing, HAA is never going to offer you the lowest prices when compared with other marketplaces.
Putting your money into something you don’t understand is always a risk. With this information at hand, you can make informed decisions about whether or not investing in HAA would fit within your goals as well as meet your financial needs.