Miles Franklin Precious Metals Review – Is it a Scam or Not?
Read our full review on this gold company
Ranked #38 of 68
Miles Franklin Precious Metals
3 / 5
See our top rated Gold IRA Companies of 2023
Ready to Protect Your Retirement Savings?
The best about Miles Franklin Precious Metals
Excellent customer feedback and rating
Some of the most popular IRA-approved silver and gold items are available from the firm.
Dependable and trustworthy
Ready to Protect Your Retirement Savings?Miles Franklin Precious Metals
Before we get started with this review:
Choosing a business you can rely on with your precious savings is challenging. We are aware of this, which is why we produce informative content to provide you with as much knowledge as possible before making a choice.
We have compiled a list of our top-rated investing firms so that comparing and selecting one that best meets your needs will be as simple as possible.
Look to see if Miles Franklin Precious Metals was selected to our list this year!
Get a FREE Gold Investing Packet from our #1 recommendation:
Protect Your Wealth & Get Huge Tax Savings!
Miles Franklin Precious Metals Review
Miles Franklin is an international dealer of precious metals such as Gold, which can serve as your retirement plan. They were founded in the year 1989 with the key objective of providing the customer with basic investment accounts such as an individual retirement account (IRA) where you can own some gold as a haven before your retirement.
Here in this Miles Franklin Precious metals review, I will be showing you some of the precious metals investment options that you can utilize to make the most of the Miles Franklin Precious metals in advance of your retirement.
So, without further ado, let us proceed -
Our Rating categories:
- Product range and Services
- Customer care
- Company reliability
- Customer reviews
Miles Franklin Precious Metals Review
Miles Franklin Precious Metals is a family-owned and operated bullion dealer founded in 1990. The company is based in Wayzata, Minnesota, and has been in the precious metals business for over 30 years. Miles Franklin is a member of the Professional Numismatists Guild and the Industry Council for Tangible Assets and has an A+ rating with the Better Business Bureau.
Miles Franklin offers a wide range of precious metal products including gold, silver, platinum, and palladium bullion coins and bars from government mints and private refiners. They also offer numismatic and collector coins, as well as a variety of other investment products such as gold and silver IRAs, certified coins, and rare coins.
One unique aspect of Miles Franklin is its commitment to educating its clients about precious metals and investing. The company offers free, informative articles and videos on its website and has a team of experts available to answer questions and offer advice. They also offer a variety of resources for those looking to learn more about the precious metals market and how to invest.
Miles Franklin has a reputation for excellent customer service and competitive pricing, and they are committed to providing their clients with a secure and easy way to invest in precious metals. Their focus on education and transparency has earned them a loyal customer base and a reputation as a trusted dealer in the precious metals industry.
Review Of Miles Franklin Precious Metals: Overall Rating: 3/5
Miles Franklin Precious Metals Pros & Cons
Diversification: having an individual retirement account (IRA) gold will help to diversify your retirement portfolio, providing you with several options and providing you with a hedge against inflation and any form of economic instability.
Secure storage: Popular broker, Miles Franklin offers secure storage options for your precious metals, which can help protect them from loss, theft, or damage.
Experts: Miles Franklin has a team of experts available to answer questions and offer advice, which can be helpful for those new to investing in precious metals.
Competitive pricing: Miles Franklin has a reputation for competitive pricing, which can save you money on your investments.
Fees: Like any investment product, a gold IRA with Miles Franklin may come with fees for storage, management, and other services, which can eat into your returns.
Market fluctuations: The value of precious metals can fluctuate, which can impact the value of your gold IRA. It's important to understand the risks associated with investing in precious metals.
Limited liquidity: Precious metals can be more difficult to sell than other investments, which can limit your liquidity and make it harder to access your funds when you need them.
No guaranteed returns: While precious metals can be a good hedge against inflation and economic instability, there are no guarantees that your gold IRA will generate returns, and there is always the risk of losing money on your investments.
Miles Franklin Precious Metals Review: Key Summary
|They were founded in the year 1990, and have been operating since then. Making them pretty experienced in the precious metals investments industry.
|Miles Franklin Precious metal gold IRA have a user and mobile friendly website. You can check out the Miles Franklin Precious metal gold IRA official website here
|Miles Franklin Precious metals gold IRA continues to provide education to their client regarding investment on gold and other precious metals. You can check their client education here on their blog
|Available Precious metal offer?
|Aside from gold, Miles Franklin also has a lot of other Precious metals and they include silver, Palladium, rhodium and a lot of others.
|Shipping and Payments
|Payment for Miles Franklin IRA metal gold are all available in cash and PayPal.
|They have private safety boxes which are available to customers.
|They provide top notch customer service to their customers. Providing them with help when needed and sharing information with them regarding their Miles Franklin Gold individual retirement accounts.
|Yes, Miles Franklin also allows their customers to invest in gold.
|Trust link rating
|3.7 out of 5 Stars
|Consumer alliance rating
The Bottom Line
Miles Franklin Precious metals gold IRA is one of the oldest metal brokers. They are one of the top brokers that you should make use of if you intend to make an investment in gold or diversify your portfolio.
Product Range and Services
Miles Franklin Precious Metals Gold IRA offers a wide range of Precious Metals for investment and some of the precious metals are -
Gold, Silver, Platinum, Palladium products, and a lot of other precious metals. Their storage vault is located in one of the safest countries globally.
As we had stated earlier, one key quality of the Miles Franklin Precious Metals company is its ability to educate its customers as part of its services. They provide their customers with every information that they should know on how they make their Miles Franklin Precious Metals gold IRA investment. Forms of this information could come via blog posts, videos, and a lot of other forms.
Miles Franklin Precious Metals Gold IRA Services
The Miles Franklin Precious metals gold IRA services range from Gold IRA, Silver IRA, 401 (k) Rollover, Traditional and Roth Planning, SEP IRA Planning, Simple IRA planning, etc
However, apart from letting their customers make their retirement investments by buying precious metals such as gold and others, Miles Franklin also allows their customers to sell their precious metals to them. These precious metals range from pure gold to silver, to palladium, and a lot of other precious metals with their physical storage located in Salt Lake City New York.
They have several storage facilities spanning several places in the world, including Canada and the United States with offers of weekly specials
Miles Franklin Precious Metals Gold IRA is great value for money. They provide you with a pocket-friendly investment price and storage rates for gold. Their prices are quite lower than most of their rivals. Also, although they do have an official website, they do not let customers make their investment purchases online. Prices for these metals vary and are subject to change by the Miles Franklin metals gold company.
Miles Franklin Precious Metals Gold IRA costs / fees
Miles Franklin Precious metals gold IRA prices are actively very low, at least lower than most of their rivals.
The company recently sold an ounce of gold at $1,825.20, as compared to most of their rivals which sold it at $1,860 or even higher.
Their silver price is also at $21.38 per ounce, which is also quite a lower price as compared to their competitors.
The minimum investment amount for a Miles Franklin Precious metal for an IRA investment is $59.77 per gram of gold. However, the fee for the minimum investment is not fixed it varies and could also depend on the amount that you could pay for the storage.
Miles Franklin Precious Metals Gold IRA offers customized services and education to its customers. They have an official website where they post videos and on their blog, educating the customers about which Miles Franklin precious metals investors will be best for them.
The company also has 24/7 customer support available for its investors. Miles Franklin also has a lot of means of communication that it makes available for its customers. Some of these means of communication are - email, phone numbers, social media, fax, and even on their official website.
Miles Franklin Precious Metals Gold IRA Educational Materials
Miles Franklin has a lot of educational materials which it makes available for its customers as a means of providing them with education. They publish educational blog content on their official website and also provide real-time precious metal podcasts, precious metal prices, and a lot of other information.
The company Miles Franklin Precious Metals Gold IRA has been in business since the year 1990. Thereby, having more than 32+ years of experience in the precious metals investment industry. Miles Franklin precious metals gold IRA also offers two storage international programs. Both storage programs are internationally recognized and across several locations, increasing security.
Miles Franklin Precious Metals Gold IRA - Company History And Background
Founded in the year 1980 and based in Wayzata, Minnesota. Miles Franklin was founded by David and Andrew Schectman, a family that decided to venture into the Precious metals investment industry.
David Schectman, the founder of the Miles Franklin Precious metals investment company studied at the University of Minnesota. He worked as a broker in a precious metals company. However, in the year 2006, he made his son, Andrew Schectman, the president of the Miles Franklin company, although David still has a role of educating buyers and investors through the company's blog content and newsletters.
The company, Miles Franklin Precious metals is a top-rated company by clients. They have an average rating of 4.0 on Yelp, which means that it is above average. Miles Franklin also has a 3.7 rating on the popular rating website, Trustpilot, good BBB rating.
Although there are a few criticisms here and there about the company, these ratings show that the company has been able to ensure that its customers and clients are satisfied.
Miles Franklin Precious Metals Gold IRA independent 3rd party customer reviews
Miles Franklin Precious metals gold IRA has a BBB accreditation and an A+ rating of ⅘. A CC rating on BCA, and a 4.7/5 rating on their Facebook handle.
However, despite this, the company still has some bad reviews as do most other companies, although its large amount of good reviews means that it is an incredible company.
Average star ratings
Miles Franklin Precious Metals vs the competition
Best for inflation protectionVisit Goldco
Gold & Silver IRA
$3,500 non IRA
$50 + $30
$100 Admin Annually
$100 Non Segregated
Get 10% back in FREE silver
Augusta Precious Metals
"Best Company Reviews"Visit Agusta
Gold, Silver, Platinum & Palladium
$50,000 non IRA
$200 Admin Annually
American Hartford Gold
Best Gold IRA PriceVisit AHG
Gold & Silver IRA
$2,500 non IRA
$180 Admin Annually
Free silver worth up to $5,000 on qualifying purchases
Birch Gold Group
Best Customer ReviewsVisit Birch Gold
Gold, Silver, Platinum & Palladium
$5,000 non IRA
Alternatives to Miles Franklin Precious Metals
Alternative “Augusta Precious Metals”
One of the alternatives of the Miles Franklin Precious metals for individuals who want to purchase precious metals is the Augusta Precious metals. Founded in the year 2012 and headquartered in the United States, Augusta Precious metals is one of the most renowned brokers of gold, silver, and other precious metals that you can invest in your Individual Retirement Account (IRA).
They have an average rating of 4.97 rating on Better Business Bureau (BBB), an average of 5.0 rating on Trustlink, a 4.9 rating on Google My Business, an AAA rating on Business Consumer Alliance
It's important to note that investing in precious metals, including gold, comes with risks, and it's important to do your own research and consult with a financial advisor before making any investment decisions.
Goldco is a precious metals investment company that offers gold, silver, platinum, and palladium coins and bars for individual retirement accounts (IRAs) and personal investment portfolios.
Goldco is known for its expertise in helping clients diversify their portfolios with precious metals, particularly gold, as a hedge against inflation and economic uncertainty. They offer a range of gold coins and bars, including American Gold Eagles, Canadian Gold Maple Leafs, and South African Gold Krugerrands, as well as other precious metal products.
One of the unique features of Goldco is their "IRA buyback program," which allows clients to sell back their precious metals to the company at current market prices. This program gives investors peace of mind, knowing that they can easily liquidate their investments if needed.
Goldco is also known for its customer service, with a team of investment experts available to assist clients with their precious metal investments. They provide educational resources, including a free investment guide, to help clients make informed decisions.
How to invest in Miles Franklin Precious Metals
Having a Miles Franklin Precious metals gold IRA investment is a very simple process. You only need to visit the Miles Franklin Precious metals stores as the company does not allow for the sales of their metals online.
Here are steps on how to invest in Miles Franklin Precious metals gold IRA -
- Check out the official Franklin Precious metals gold IRA website.
- Check out their product section
- Select the metal that you wish to purchase
- Contact the Miles Franklin Precious metals gold IRA agent to fully purchase the item
Do We Recommend Miles Franklin Precious Metals?
Although there is no perfect gold or precious metal broker, Miles Franklin is one of the best brokers for a gold IRA account. In case you are looking to diversify your gold investment portfolio, then Franklin Precious metals are the one that you should choose. As we had shown, they have over 30 years of experience in operating a metal investment company.
Our Verdict : 3/5
$25,000 Minimum Investment
Get up to 10% Back in FREE Silver
Miles Franklin Precious Metals' FAQs
What is the minimum investment for Miles Franklin Precious Metals Gold IRA?
There is no minimum investment amount for a Miles Franklin Precious metal Gold IRA.
What type of metals should I have with my Miles Franklin Precious Metals Gold IRA?
There are a lot of metals that you can have with the Miles Franklin Precious metals broker. This includes gold, silver, Palladium, and a lot of other precious metals.
When would I be qualified for the Miles Franklin Precious Metals Gold IRA distributions?
You would be qualified for the Miles Franklin Precious metals gold IRA distribution after 3 years of owning a precious metal at Miles Franklin.
Is There A Buyback Program For Miles Franklin Precious Metals Gold IRA?
Yes, there is a buyback program for Miles Franklin Precious metals gold IRA. You can sell your Precious metals such as gold and silver, back to the Miles Franklin Precious metals gold IRA after you have purchased it from them.
What storage options do I have with Miles Franklin Precious Metals Gold IRA?
You have two storage options at Miles Franklin Precious metals gold IRA. And one is via Brinks Inc., and another is via the New Direction Trust Company.
Why would I need a custodian to handle precious metals in my Miles Franklin Precious Metals Gold IRA?
You will require a custodian to help handle your Miles Franklin Precious metal gold IRA. And the reason for this is that the custodian’s responsibility will be to execute all investment decisions that are taken by the IRA owner and ensure all activities are by the regulations.
Who Is The Custodian Of Miles Franklin Precious Metals Gold IRA
The custodian of the Miles Franklin Precious Gold IRA is currently Andrew Schectman. He took over from his father, David Schectman in the year 2006 as the company’s president.