Provident Metals Review – Legit or a Scam?
Read our full review on this gold company
The best about Provident Metals
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More information on investment grade metals may be found on a blog.
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Large Investment Options
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Excellent price information, including charts, is accessible.
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Provident MetalsBefore we get started with this review:
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It is difficult to pick a company you can trust with your hard-earned savings. We understand this, and that is why we create useful information to give you as much knowledge as possible before you make a decision.
To make comparing and choosing a company best suited to your needs as easy as possible, we have created a list of our highest recommended investment companies.
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Provident Metals Review
Dallas, Texas-based Provident Metals is a retailer of precious metals that began operations in 2009. Provident Metals provides a comprehensive range of precious metals, including gold and silver bullion, copper bullion, and gold and silver coins, to customers in the US and Canada.
The firm takes pleasure in being an Associate Member Company on the Certified Coin Exchange, the world's biggest dealer-to-dealer numismatic network.
Provident Metals presently has an A+ rating with the Better Business Bureau. This article has covered all you need to know about Provident Metals.
Our Rating Categories
Our review of Provident Metals will cover the following;
- Product range and Services
- Pricing
- Customer care
- Company reliability
- Customer reviews
Provident Metals Review: Our Verdict #82
Provident Metals are online bullion dealers for IRA-eligible products for both international and local bullion, currencies, numismatic coins, and other investment-grade metals.
The need to locate a reliable partner from whom precious metals like gold, silver, platinum, and palladium could be purchased led to the creation of Provident Metals.
You may invest in precious metals in the US with Provident Metals because they consistently provide excellent customer service, market-leading value, and cutting-edge security. A mobile app from Provident Metals provides you with up-to-date spot prices, price charts, notifications, and pricing information for gold, silver, platinum, and palladium.
At the moment, its website and toll-free phone number are additional ways to access the things it offers. Secure payment options include PayPal, VISA, MasterCard, American Express, and Discover.
Review of Provident Metals: Overall Rating: 3/5
Provident Metals Pros & Cons
Benefits
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Affordable rates
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Fast and secure website
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Low minimum order ($299)
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A variety of precious metal goods
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Good integration of the IRA Program with the Preferred Trust Company
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Better Business Bureau score of A+ (Accredited)
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A sizable supply of the metals platinum, copper, silver, and gold
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A Texas-based company with more than 13 years of experience
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Gold bullion prices are pretty competitive (4.9% over spot).
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A sizable supply of the metals platinum, copper, silver, and gold A Texas-based company with more than 13 years of experience Gold bullion prices are pretty competitive (4.9% over spot). No extra costs when selling back
Disadvantages
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Shipping is only accessible to the United States.
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Several complications with the shipment procedure
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The management team is not transparent.
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Silver bullion premiums are high (+30% over spot).
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negative return procedures
Provident Metals Review: Key Summary
| Experience | Provident Metals has been in business since 2009. They assist millions of customers in the United States and make it easy for customers to purchase precious metals IRA in the 50 states. The company only has twenty one complaints and a load of customer reviews. |
| Website | The company controls a user-friendly website that is fast, secure and easy to navigate. |
| Client Education | They have provided an investment guide on the front page of their website. |
| Customer Service | They control well-informed and reliable customer service. |
| Available Precious Metals Offer | They deal in precious metals like; Gold Coin, Silver Coin, Platinum, Bullion, and copper. |
| Physical Storage | They offer storage in Several locations for both International Storage and Segregated Storage |
| Other Investments Available | They also offer copper. |
| Annual Fees | Making an account with Provident Metals is free, and placing orders is not subject to an additional charge. |
| Trust link Rating | 3.0/5 |
| Consumer Alliance Rating | AAA |
The Bottom Line
Provident Metals, like JM Bullion, is one of the most well-known precious metal dealers in the industry. Overall, if you want to invest in gold, silver, and other precious metals, we highly suggest Provident Metals.
Product Range and Services
A wide variety of precious metals are available in Provident Metals, the company offers products that include coins, bars, and numismatic coins made of gold, silver, platinum, copper, and palladium.
Here are some minted coins you can find among the Provident Metals products;
- Gold Bullion
- Gold Coins
- Gold Bars
- Silver Bullion
- Silver Coins
- Silver Bars
- Platinum Bullion
- Copper Bullion
- Copper Rounds
- Palladium Coins
Provident Metals Gold IRA Services
The company provides a variety of services in addition to sales. The Provident Metals website gives sales tax information based on the state where you send your order.
The Precious Metal Investor's Information Center also provides investment advice to potential investors and coin collectors. The IRA Program and live precious metal price charts are also available.
Pricing
- Gold: $1,994.
- Silver: $22.80
- Platinum: $1,005
- Palladium: $1,464.
Provident Metals Gold IRA Costs/Fees
Based on the shipment policy, if you spend $199 or more, Provident will ship your order for free. They charge a fixed $7.99 cost on orders that are less than $199. You should be aware that Provident Metals does not presently ship to locations outside of the United States or Canada.
Orders are only delivered once payment in full has been received. Orders that are paid for with a bank wire transfer, credit card, Bitcoin, cashier's check, or postal money orders typically ship within 5 to 10 business days. Orders paid for using a personal check are not processed for at least five business days.
All orders are delivered by FedEx, UPS, or USPS. The cost of shipping will be calculated at checkout. The majority of orders will be eligible for an upgrade to quicker shipping.
All shipments are completely insured.
Orders cannot be bundled into one.
Every package above $1,000 has a signature confirmation feature and has to be received with a signature.
First Class or Priority shipping will be used for all Postal deliveries.
Minimum investment
There is no minimum investment for Provident Metals. This is because prices change based on the type of products you need.
Customer Care
Provident Metals Gold IRA offers customized service and education with excellent service. The Provident customer service details are:
- Address: Provident Metals Corp 6125 Luther Lane, #465 Dallas, TX 75225
- Phone: (800) 313-3315
- Opening Hours: 8 am-6 pm Central Monday - Friday
- Email: Help@Providentmetals.Com
- Website: ProvidentMetals.Com
Provident Metals Gold IRA Educational materials
Provident Metals also features a section dedicated to educational materials, such as pricing charts, investing guides, and general financial information.
For free, you may subscribe to their newsletter to receive updates on business news and trends.
Everyone may monitor bullion prices and trends without creating an account thanks to the availability of these free services.
Company Reliability
Provident Metals today unlike other precious metals companies is a well-known bullion dealer that has been in business for about 14 years.
The company takes extensive measures to protect your personal information. There is a safe shopping cart and the most recent encryption technology available for each given online transaction.
The company website uses ComodoCA SSL certificates for further protection.
Also, Provident Metals offer IRAs authorized products like; gold, silver, platinum, or palladium investments for your IRA through the Provident Metals IRA program. Investments made via the partner holding company of Provident Metals are tax-deferred until you distribute the money, much like a traditional IRA.
Also, it is recognized as a Certified Coin Exchange Associate Member Firm and a licensed member-dealer of the American Numismatic Association.
Provident Metals Gold IRA Company History and Background
Provident Metals, sometimes mistakenly referred to as "Provident Gold," is a relative newcomer in the precious metals bullion industry, founded in 2009 and located in Dallas, Texas.
It specializes in offering consumers precious metals alternatives for investment or collection for North American investors. Through its three-step IRA program, it assists retirement-minded individuals in easily establishing a self-directed IRA. The firm was founded in 2009 and is located in Dallas, Texas.
Coins and bars made of gold, silver, platinum, and palladium are included in the company's inventory of precious metals. Moreover, collectible and numismatic coins are available to US investors. Also, for individuals interested in investing in copper, there is a range of goods available.
Customer Reviews
A key component of this article is how Provident Metals performs in terms of customer reviews. Therefore, knowing this will help you decide wisely before investing with Provident Metals.
In order to learn more about Provident Metals, we will look at reputable consumer rating and reporting agencies, websites rated by the Better Business Bureau (BBB), Sitejabber, TrustLink, and Yelp to find out.
We may also consider reviews from consumers with their mobile App.
Provident Metals Gold IRA independent 3rd party customer reviews
- Trustpilot: 3.0/5 from 3,679 total reviews
- Sitejabber: 2.66/5 stars from 44 reviews
- Google Play: 4.5/5 stars from 171 reviews
- Yelp: 2.5/5 stars from 31 reviews
Provident Metals Review BBB
- BBB ratings 4.7/5 (Better Business Bureau) from 131 reviews
- BBB Rating: A+ (Accredited Since: 10/28/2019 and Years in Business: 3)
- BBB Complaints: 21 Complaints (negative review)
There are 21 complaints closed in the last 3 years and 3 complaints closed in the last 12 months
Average star ratings
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BBB: A+
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Trustpilot: 3.3/5
Provident Metals 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
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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
Provident Metals
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 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 Provident Metals
>>CLICK HERE to read our list of the top gold investing companies.<<
If Provident Metals Gold IRA is costly for you, consider the two cheaper alternatives below:
Alternatives to Provident Metals Gold IRA
Alternative “Augusta Precious Metals”
Augusta Precious Metals is a well-known dealer of real silver, gold, and precious metals IRAs for retirement savings. Retirement-age customers make up the majority of the consumers who have expressed interest in it. Augusta offers more than only products and services related to precious metals.
During the duration of your account, you get complete access to our whole team of gold and silver professionals. By diversifying your portfolio, these non-paper precious metals investment options may help you reach your financial objectives.
Augusta provides:
- IRA-approved precious metals
- Direct gold and silver purchases
- Gold storage in a facility recognized by the IRS
- Lifetime assistance from experts.
It has positive reviews and a lot of 5 stars as well. See below;
- BBB: A+ rating, 4.96/5 over 150+ reviews
- Trustlink: 5 stars from 283 reviews
- BCA: AAA rating, 5 stars from 95 reviews
- Consumer Affairs: 4.9 stars from 129 reviews
- Google Reviews: 4.9 stars from 290 reviews
Alternative “GoldCo”
Based in the Los Angeles region, Goldco is a privately held company with more than a decade of experience assisting clients in protecting their retirement funds.
A Goldco Professional can assist you with the process of buying actual gold and silver as well as with diversifying your retirement investments into a Precious Metals IRA.
Hence, Goldco Expert consultants may help you preserve your investments with a Precious Metals IRA, regardless of whether you have an IRA, 401(k), 403(b), TSP, or other relevant tax-advantaged retirement plans.
- Trustpilot, 974 reviews with a rating of 4.8/5
- ConsumerAffairs, 1,154 reviews, 4.8/5
- BBB Rating: A+; BCA Rating: AAA
- Google: 4.9/5 based on 1,204 reviews
- Famous public personalities like Sean Hannity, Chuck Norris, Ben Stein, and Stew Peters all promote and advocate Goldco as an excellent precious metals IRA company to deal with their clients, family members, and friends.
How to invest in Provident Metals
It's quite simple to invest in Provident Metals, all you have to do is first open an account with Provident Metals. Just provide your name, email address, contact information, and password. Your account will be registered by Provident Metals, after which you may add payment options. Following that, you may go shopping for precious metals at your leisure.
You must first get in touch with a Preferred Trust Company if you wish to create a Gold IRA account. You can open and establish a retirement account with the assistance of a representative. The custodian will then finance the transaction, and you may choose which metals to put in your portfolio at that point.
Do We Recommend Provident Metals?
Yes, Provident Metals partners with private and sovereign mints worldwide to give the greatest coins and metals investments. In addition to its marketplace, Provident Metals also operates a platform where investors may sell metals.
Customers can also create a precious metals IRA with their partner custodian, Preferred Trust Company.
Our Verdict : 3/5
Provident Metals's FAQs
What is the minimum investment for Provident Metals Gold IRA and Precious Metals Gold IRA?
There is no minimum investment
What type of metals should I have with my Provident Metals Gold IRA?
Bullion bars, silver coins, silver rounds, gold coins, and bars
When would I be qualified for the Provident Metals Gold IRA distributions?
As long as you are eligible to buy, you are eligible to sell also.
Is there a buyback program for Provident Metals Gold IRA?
Yes, Provident Metals offer buyback programs on products like gold, silver, platinum, and palladium
What storage options do I have with Provident Metals Gold IRA?
They offer storage in several locations for both International Storage and Segregated Storage
Why would I need a custodian to handle precious metals in my Provident Metals Gold IRA?
Due to the fact that self-directed IRAs allow for investments other than those in publicly traded securities like bonds, ETFs, and equities, specialized custodians are needed to manage the precious metal.
Who is the custodian of Provident Metals Gold IRA Precious Metals Gold IRA?
Preferred Trust Company
How long will it take to rollover my IRA to the Provident Metals Gold IRAs Precious metals Gold IRA?
Just one rollover is permitted per 12 months.
