First National Bullion Review – Scam or Safe?
Read our full review on this gold company
Ranked #80 of 68
First National Bullion
3 / 5
The best about First National Bullion
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First National BullionBefore we get started with this review:
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First National Bullion Review
First National Bullion is a renowned company in the precious metals industry, well-known for its popularity among investors. The company offers Gold IRA (Individual Retirement Account) services, allowing individuals to invest in physical gold through their IRA accounts. This service enables investors to diversify their retirement portfolio and protect their retirement savings from market volatility and economic uncertainties.
The Gold IRA account offered by First National Bullion allows investors to purchase and hold physical gold bullion or coins, which are stored in a secure vault. This approach eliminates the need for investors to worry about the storage and insurance of the gold, as it is taken care of by the company.
The company's Gold IRA services come with a range of benefits, including tax advantages, asset protection, and potential growth in value over time. Their team of professionals is highly skilled and experienced in the field of precious metals.
In addition to marketing bullion properties, investors can subscribe to a free newsletter which regularly provides valuable insights on various types of precious metals companies that one can invest in.
Our Rating Categories:
In this review of the First National Bullion Gold IRA, we will be discussing and examining the following aspects:
- Product range and Services
- Pricing
- Customer care
- Company reliability
- Customer reviews
First National Bullion Review: Our Verdict #80
Our verdict ~ “Ranked #4 out of 11”
First National Bullion's Gold IRA service is an ideal alternative for customers wishing to enhance their retirement portfolios and secure their funds through precious metals investment.
Investors in precious metals have a great chance and tax benefits of spreading their own retirement savings and portfolio and safeguarding their assets. In addition, they can purchase and store physical gold bullion or gold coins in a secure vault that is managed by the company, eliminating the need for individual storage and insurance concerns.
The company's UL grade 3 vaults, located in their authorized depository establishments, provide a safe and secure location to preserve clients' precious metals outside of their homes. Clients can choose to store their precious metals in any of the under-listed depositories:
- Delaware Depository
- International Depository Services Group
- Dakota Depository
- CNT Depository
- Loomis International
Furthermore, the First National Bullion is recognized as a trusted enterprise by the Better Business Bureau (BBB), and its commitment to customer privacy is evident in its use of advanced SSL technology to encrypt confidential information. The same company offers a refund policy to unsatisfied customers.
Review of First National Bullion: Overall Rating: 3/5
First National Bullion Pros & Cons
Benefits
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They have knowledgeable personnel with more than fifteen (15) years of experience.
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Investors with private client accounts have unlimited access to their funds.
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Insurance and shipping are both free.
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Availability of client education.
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It has a Better Business Bureau rating of A+.
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Without necessarily liquidating your precious metal holdings, you can borrow money from the corporation using them as collateral.
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They have a variety of coins and precious metals.
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They offer quality goods and services, such as Silver bullion.
Disadvantages
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Online, there is only one rating (BBB).
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They were allegedly dishonest in their transactions, according to clients' reviews on yelp.
First National Bullion Review: Key Summary
Experience | Founded in 2005, First National Bullion has over 15 years of experience in the precious metals industry. |
Website | First National Bullion presents a website that is user-friendly. You can access their website by clicking here. |
Client Education | The company has a "Learning Center" section on their website that provides articles, videos, and other resources to help investors understand the precious metals market, and other important topics related to investing. |
Customer Service | Their team of experts helps clients select the right gold products for their investment goals and other factors that will impact their investment decisions and financial future. |
Available Precious Metals Offer | Their available precious metals include gold, palladium, silver, and platinum coins. |
Physical Storage | First National Bullion partners with New Direction Trust Company, thereby giving many investors or their clients' access to store their precious metals. |
Other Investments Available | They are a reputable gold dealer that also offers very rare coins and rare numismatic coins, and you can also borrow money from them. |
Annual Fees | Their storage fee varies based on the amount you contribute. However, on its website, First Nation Bullion lists its annual fees and rates. |
Trust link Rating | 4.7/5 |
Consumer Alliance Rating | AAA |
The Bottom Line
First National Bullion deals in a wide range of precious metals and provides its customers with options for direct storage. They also offer pre-made portfolios to assist new clients in making quick decisions regarding their physical metal investments. However, payment category restrictions and processing fees can impact the checkout system, and customer service availability could be improved during weekends.
Product Range and Services
First National Bullion Gold IRA is a precious metals holdings company that offers a wide range of products and services. The services they provide are listed below.
Purchasing Bullion:
First National Bullion provides a variety of precious metals, allowing investors to diversify their portfolios. Clients can easily access real-time prices and purchase the desired precious metals through the company's website, making the buying process convenient and straightforward.
Selling Your Precious Metals
First Nation Bullion can give you several offers if you decide to sell your precious metals. Nonetheless, the organization still recommends other purchasers to you if you're not happy with their offers.
Rare Numismatic Coins:
In addition to precious metals, First Nation Bullion also provides rare numismatic silver and gold coins, which have the ability to produce profits over an extended period of time and provide a superior approach to protecting your capital and your wealth in the face of uncertainty in other types of investing.
Market Charts:
You can view historical 30-day market charts and real-time price data on a variety of different precious metals with First Nation Bullion, giving you the information you need to decide whether to enter the precious metals market.
The Retirement Center
At First Nation Bullion's Retirement Center, you can learn how to include silver, buy gold, and other precious metals in your retirement plan to ensure a financially secure future. If you're approaching retirement or searching for a new job, consider making gold, physical silver, and other precious metals part of your investment portfolio.
Price Notifications
Additionally, precious metals investors at First Nation Bullion can set up price alerts to receive email notifications about any significant price changes in the precious metals industry.
First National Bullion Gold IRA Services
First National Bullion offers a wide range of services that include: Gold IRA, Silver IRA, 401(k) Rollover, Traditional and Roth Planning, SEP IRA Planning, Simple IRA Planning, etc. They have a vast inventory of precious metals, including palladium, gold, silver, platinum, and so on.
First National Bullion offers IRA-authorized coins and bars, such as the Gold Austrian Philharmonic, Gold Canadian Maple Leaf, American Gold Buffalo, Gold Australian Kangaroo, Gold American Eagle, Silver American Eagle, Platinum Australian Kangaroo, Platinum Britannia, and Palladium American Eagle, and they are readily available for purchase.
Pricing
The First National Bullion Gold IRA offers great value for money. However, their pricing is considerably greater than those of their competitors in the market. A favorable aspect of their services is that they offer a refund policy to unsatisfied customers.
First National Bullion Gold IRA costs / fees
The cost of buying precious metals varies depending on an array of factors, including the quantity and quality of the metals being acquired. For instance, more pure gold bullion coins often cost more than fewer pure gold bullion coins.
Customers may make informed selections when purchasing or buying precious metals from First Nation Bullion since it is transparent about its costs and prices.
Minimum investment
As a private investor, the minimum amount of gold you can purchase is typically one gram. However, the actual minimum investment amount may vary depending on the sales format of the gold bars, the fees and bonuses charged by your broker, and the number of funds you have allocated for the investment.
If you are looking to invest a substantial amount of cash, it is possible to do so within the prescribed limit. Brokers usually divide large orders into smaller quantities called "lots" for ease of management. This allows investors to hold multiple orders at the same time, making it easier to purchase larger amounts of gold while maintaining a manageable investment portfolio.
Customer Care
First National Bullion Gold IRA offers customized service and education to its clients. The company has a reputation for providing excellent customer service. The company is committed to providing top-notch assistance to customers throughout their precious metals investment journey.
The customer service agents can be contacted by phone, live chat, and email. Customers can contact them during business hours at their phone number, (858) 943-6433 or send an e-mail to info@firstnationalbullion.com.
Additionally, customers can reach the company through its mailing address at PO Box 4885, Convoy St., San Diego, CA 92111.
First National Bullion Gold IRA Educational materials
First National Bullion provides a range of educational materials to help their clients make decisions about their gold IRA investments. They offer a free investment guide that covers the basics of all precious metals assets and metals investing, the benefits of diversification, and the potential risks of inflation and economic uncertainty.
In addition, this website also offers a variety of webinars and live events that cover topics such as market trends, investment strategies, and the latest developments in the precious metals industry. These resources are designed to help investors stay up-to-date on the latest news and make informed decisions about their portfolios.
With these educational materials and resources, gold and silver investors can feel confident in their decision to invest in precious metals through First National Bullion.
Company Reliability
The First National Bullion Gold IRA has been in business since 2005. With over 15 years of experience, the company is committed to ensuring the safety and security of its clients' investments. As a precious metals IRA provider, the company takes full responsibility for ensuring the authenticity and quality of the metals that it provides to clients.
In the event of loss or damage to the physical possession of the metals while in transit or storage, First National Bullion has liability insurance coverage to protect clients' investments.
Beyond just buying and selling precious metals, First National Bullion offers additional services, such as loan benefits. This allows customers to mitigate market losses by having various options when it comes to managing their investments in a timely manner.
Additionally, First National Bullion operates in compliance with all applicable state and federal laws and regulations governing precious metals investment. The company is transparent in its pricing, with all fees and rates clearly listed on its website, promoting accountability and openness.
First National Bullion Gold IRA Company history and background
First National Bullion has been providing precious metals dealers and precious metal investment solutions to clients for several years. The company was founded in 2005 by Jon Cavuoto and co., a team of seasoned investors and professionals in the precious metals industry who shared a common vision of helping "gold and IRA investors" secure their financial futures through gold and other precious metals.
Since its inception, First National Bullion has grown to become a trusted name in the gold and silver industry, known for its commitment to customer service, transparency, and innovation. Over the years, First National Bullion has continued to expand its services and offerings, adapting to the changing needs of its customers. Today, the company provides a range of investment solutions, including gold and silver IRAs, precious metal coins, gold and silver bars, and other bullion products.
Customer Reviews
First National Bullion Gold IRA is top-rated and highly praised by clients for its exceptional offerings, according to genuine customer reviews. The company has garnered a total of 24 reviews and 5-star ratings on Yelp, with a majority of clients expressing satisfaction with the company.
Below are some of the clients’ reviews:
First National Bullion Gold IRA independent 3rd party customer reviews
First National Bullion Gold IRA has earned top ratings from various reputable organizations, including an A+ rating from the Better Business Bureau (BBB), an AAA rating from the Business Consumer Alliance (BCA), and another A+ rating from Scam Report. Additionally, their Facebook page has a 4.0/5-star rating based on feedback from 2000 followers as of March 14th, 2023.
The overwhelmingly positive reviews suggest that First National Bullion Gold IRA is a trustworthy and respected provider of gold IRAs and precious metals. These favorable ratings can be considered compelling evidence of the company's reliability and reputation.
Average star ratings
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BBB: A+
First National Bullion vs the competition
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Gold & Silver IRA
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$25,000
$3,500 non IRA
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$50 + $30
$100 Admin Annually
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$150 Segregated
$100 Non Segregated
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A+
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AAA
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Get 10% back in FREE silver
First National Bullion
Best Customer Reviews
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Gold, Silver, Platinum & Palladium
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$10,000
$5,000 non IRA
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80$
80$ Annually
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$100
Annually
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A+
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AAA
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None
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Gold, Silver, Platinum & Palladium
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$50,000
$50,000 non IRA
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$50
$200 Admin Annually
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$125
Annually
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A+
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AAA
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None
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Gold & Silver IRA
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$10,000
$2,500 non IRA
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$50
$180 Admin Annually
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Variable
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A+
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AA
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Free silver worth up to $5,000 on qualifying purchases
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Gold, Silver, Platinum & Palladium
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$10,000
$5,000 non IRA
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80$
80$ Annually
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$100
Annually
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A+
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AAA
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None
Alternatives to First National Bullion
>>CLICK HERE to read our list of the top gold investing companies.<<
If First National Bullion Gold IRA is simply too “pricey” for you, consider these two cheaper alternatives below:
Alternative “Augusta Precious Metals”
Augusta Precious Metals intends for customers to retire comfortably by assisting them in including material silver and gold in their retirement plans, which enables them to modify and teeter against the unfavorable impacts of the economy upon the fluctuating price of the dollar. Augusta Precious Metals provides silver, platinum, gold, and palladium bullion packages and pre-rolled gold and silver coins to cater to the desires and appropriations of various species of investors.
Alternative “GoldCo”
Goldco clients obtain an IRA rollover procedure that is effortlessly integrated with excellent guidance on ways to invest in precious metals. By brainstorming with several other economic specialists in the business, the organization can deliver several services to aid its customers.
Goldco similarly possesses a buyback policy, where clients can trade their investments back to the corporation if they wish to. With their quick and understandable IRA layout, customers can watch their retirement savings begin to accumulate as quickly as possible.
How to invest in First National Bullion
Afterwards, your First National Bullion Review account manager will collaborate with your IRA custodian to transfer your 401(k) into your new physical gold, silver, and precious metals IRA account. Then, your account manager will assist you in selecting your preferred precious metals plan and exchange your current paper IRA assets for physical gold and silver assets.
Finally, if you decide to keep your precious metals with them, First National Bullion provides Brinks Secure Storage.
Do We Recommend First National Bullion?
While no precious metals company is perfect, our review of First National Bullion confirms that they are a legitimate option. It is a recognized organization that sells and buys many types of precious metals. Other companies may offer better deals, but it ultimately depends on individual preferences and satisfaction
The company is recommended because of their vast variety of products, good reputation, and strong security measures. In addition, they display real-time rates for precious metals, helping investors make informed purchasing decisions. They also provide comprehensive bullion-related content, market research resources, and a transparent coin-purchasing process. With over 15 years of experience and minimal negative feedback, First National Bullion is a reputable and well-established company.
Our Verdict : 3/5
First National Bullion's FAQs
What is the minimum investment for First National Bullion Gold IRA Precious Metals Gold IRA?
The minimum investment amount for a First National Bullion Gold IRA varies depending on the sale format.
What type of metals should I have with my First National Bullion Gold IRA?
Your choice of precious metal is up to you. You can choose to have gold, platinum, silver, or even palladium metals in your First National Bullion Gold IRA.
When would I be qualified for the First National Bullion Gold IRA distributions?
Currently, to qualify for the First National Bullion IRA distribution, the minimum age is 59.
Is there a buyback program for First National Bullion Gold IRA?
Yes. First National Bullion provides you with a more accurate and updated rate than any custodian could give.
What storage options do I have with the First National Bullion Gold IRA?
First National Bullion provides storage options including; Delaware Depository, International Depository Service Group, Dakota Depository, CNT Depository, and Loomis international.
Why would I need a custodian to handle precious metals in my First National Bullion Gold IRA?
Specialized custodians are required to handle the precious metal because self-directed IRAs give investors access to investments beyond publicly traded assets like bonds, mutual funds, and stocks.
Who is the custodian of First National Bullion Gold IRA Precious Metals Gold IRA?
The custodian of the First National Bullion precious metals gold IRA is the New Direction Trust Company.
How long will it take to rollover my IRA to the First National Bullion Gold IRAs Precious metals Gold IRA?
To rollover your IRA to the First National Bullion precious metals gold IRA may take at least one day and at most an average of two weeks if any accidents occur.