Sprott USA Review

Sprott is one of the largest corporations on the planet, with multiple subsidiaries spanning every part of the industry. Sprott USA is their US division. The company focuses on alternative asset management. But what does that mean? And how do their services compare to the competition?

These questions and more will be answered in this review. 

Our Rating categories: 

In this review, we will focus on these categories:

1. Product range and Services 

2. Pricing 

3. Customer care 

4. Company reliability 

5. Customer reviews 

Sprott USA Review: Our Verdict #71

Sprott USA is the US-based division of the global Sprott corporation. They are a legitimate business that focuses on helping people invest in alternative assets, mainly rare metals and real estate. After you invest, they offer ongoing asset management services for your portfolio.

Sprott is a company that can handcraft and develop an entire metal portfolio for you. They can manage it, store your metals, and give you information about your holdings over time. Their employees give them positive reviews, and they do seem to be knowledgeable about the alternative asset industries.

However, Sprott USA does not function the same way a traditional rare metals dealer does. They are more focused on investment growth and management than on their products. Additionally, while they manage assets of general investment portfolios, there's very little information about whether they offer IRA services.

If they do offer IRA services, it would likely be through a custodial partner. It's unclear whether they'd communicate with the custodian for you. For this reason, we recommend working with a company that specializes in IRAs if you want to invest in metals for your retirement.

But in general, there aren't any glaring red flags with Sprott USA. This company has all the resources and networking to put you in touch with the ideal alternative assets.

Review of Sprott USA: Overall Rating: 3/5

Sprott USA Review: Key Summary

The Bottom Line

Sprott USA Gold IRA deals with a large expanse of precious metals and offers its customers direct storage alternatives. They also provide premade portfolios for new clients and processing fees to help them make swift decisions about their physical metal investments.

Product Range and Services: Sprott Asset Management

The company offers a variety of products that are traded on the global exchange market. They focus on companies in the precious metals industry, like mining companies and refineries. You can look at their available assets and sort them by their operating expenses, real-time value, or net company assets.

Sprott USA offers investors the opportunity to invest directly in companies that produce or mine precious metals. There are plenty of opportunities to move up if you're a hard worker and a fast learner.

Sprott USA Gold IRA Services 

Services Range Sprott USA as one of the precious metal dealers offers a variety of investment options including gold IRA, silver IRA, 401 (k) rollover, traditional and Roth planning, SEP IRA planning, simple IRA planning etc.  As a financial advisory firm, Sprott USA can provide a variety of financial planning services for Americans.

Sprott USA Gold IRA owns a huge stock of palladium, gold, silver, and platinum precious metals. They also possess copper and rhodium elements in their catalog. The financial Services industry has a lot of support positions employing thousands across the country. 

Many accessible bars and coins in their inventory are IRA-authorized, comprising 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.

Pricing 

Sprott USA Gold IRA gives you great value for your money. However, their prices are slightly higher than those of other business rivals. The favorable aspect of their services is that their buyback rates and direct storage options are among the best in the industry if you wish to trade. Investing in Sprott USA IRA is not a bad idea. 

In June 2020, the price of American Eagle coin on the Sprott USA Gold IRA was more than the provided price rate at their competitor — JM Bullion and a few others. Regardless, they varied from $5 to $30. Also, payments through credit cards or PayPal added a processing fee of 6%.

Sprott USA Gold IRA costs / fees 

For gold price rates and buyback prices, Sprott USA Gold IRA is extremely competitive. In June 2022, the corporation's 1-ounce gold bullion bars were recorded at merely $52 above the daily spot price. Record-wise, this is a great bargain and one of the best prices as several American brokers propose gold bars at 5% above spot or greater, which would amount to at least a $75 payment according to current rates.

When performance-based fees are charged, the financial advisor is paid for outperforming a benchmark. 

Minimum investment

There is no definite answer to the question of how much to invest in an IRA, But the minimum quantity of gold you can acquire as a private investor in Sprott USA Gold IRA is one (1) gram.

Customer Care

Sprott USA Gold IRA delivers customized service and client education. You can reach their customer service agents via the phone number, live chat, and email address to get the latest precious metals news sent to your inbox every week, including our Monthly Precious Metals Projections, Ask The Expert podcast, and the Sprott Money Monthly Wrap Up. Their customer service agents are responsive and attentive to all your complaints. They are very knowledgeable about investing in gold and silver.  Opening an IRA may be difficult but with the help of Sprott USA, you'll have access to expert advice and guidance to help you make the right decisions for your portfolio. 

You can contact them via their phone numbers at 800.477.7853 for Brokerage Services or 866.531.8746 to speak with Sprott Asset Management USA. 

You can also visit them through their address at 1910 Palomar Point Way, Suite 200 Carlsbad, CA 92008.

Sprott USA Gold IRA Educational materials

Sprott USA Gold IRA are much interested in educating its clients and resolving their problems by delivering important market information and podcasts for perceptive investors heeding the precious metals markets. On their website, to learn about Sprott USA Gold IRA, you can open their free educational materials.

Company Reliability 

Is Sprott USA A Scam? Nothing indicates that Sprott USA is a scam. Many factors establish it as a legitimate company. It is hard to find reviews from past customers through websites like Trustlink and Trustpilot. But several employees have reviewed the company on Indeed and Glassdoor. They leave largely positive feedback about the management and environment.

Sprott USA is a subsidiary of the global corporation Sprott. It focuses exclusively on customers in the US. Sprott offers investment management through alternative assets like real estate and precious metals. Rather than working as normal bullion dealers, they focus on asset management.

The new CEO is working hard to shift the company in a new direction. you pool your funds with those of other investors. The company continues to chase down the investment until the whole investors reap the rewards. Before investing in a Sprott USA Gold IRA, you should learn about the risks.

Sprott USA Gold IRA Company history and background: About Sprott USA 

Sprott USA Gold IRA Company is owned by Eric Sprott. He is a board member of Sprott Asset Management LP and other corporations. As a financial advisory firm, Sprott Asset Management USA can provide various forms of financial planning services for Americans. Managed Accounts Sprott Asset Management is the corporate subsidiary that holds managed accounts in the US. 

The global Sprott corporation spans every continent, with a focus on precious metals and real estate. They have subsidiaries throughout every part of the industry and investment process. Even when they don't have a subsidiary in one area, they have partnered companies that cover them. Their network is one of the most extensive in this industry.

Customer Reviews 

According to what we gathered from real customer reviews, compared to other companies, clients highly rate Sprott USA Gold IRA for its wonderful offers. On the Yelp review site, the corporation currently has 867 reviews. From those reviews, some clients appear satisfied with their transactions and expressed satisfaction by granting the corporation high scores on the review site.

Some customers also give positive remarks to the corporation's customer care representatives. The customers said that they are a reputable company with qualified and well-mannered staff. Though, there are criticisms and some poor remarks about the irregularities of customer service assistance and the holdups during shipping.

Sprott USA Gold IRA independent 3rd party customer reviews

 Sprott USA Gold IRA received an A + Rating from the BBB (Better Business Bureau), an AAA Rating from BCA (Business Consumer Alliance), and another A + Rating from Scam Report. Also, as of June 2nd, 2022, their Facebook platform has a 3.0/5-star rating from the impression of 132 persons.

Although there are some unfavorable reviews about the corporation, the favorable reviews can serve as reasonable evidence that they are a reliable and trusted gold IRA and precious metals corporation.

Alternatives to Sprott USA

If Sprott USA Gold IRA is simply too “expensive” for you, consider the two cheaper alternatives below:

>>CLICK HERE to read our list of the top gold investing companies.<<

Alternative “Augusta Precious Metals”

Augusta Precious Metals wants customers to retire comfortably by helping them by including material silver and gold in their retirement conservations, which makes them modify and teeter against the unfavorable impacts of the economy upon the fluctuating price of the dollar. Augusta Precious Metals offers silver, platinum, gold and palladium bullion packages and pre-rolled gold coins and silver coins to suit the desires of various kinds of investors.

Alternative “Goldco”Goldco is a privately owned business with more than ten years of experience assisting clients to protect their retirement assets, and based in the Los Angeles area. If you want to buy physical gold and silver or diversify your retirement assets into a Precious Metals IRA, a Goldco Specialist can assist you to get the process done fast and freely.         

How to invest in Sprott USA

To invest in Spott USA Gold IRA, You can contact them via their phone numbers at 800.477.7853 or 866.531.8746. 

You can also visit them through their address at 1910 Palomar Point Way, Suite 200 Carlsbad, CA 92008. You can send them an email at https://sprottusa.com/contact-us or visit their website at https://sprottusa.com. 

Do We Recommend Sprott USA?

Yes, we recommend Sprott USA Gold IRA. The company shows live rates of precious metals, enabling investors to choose what to purchase. Moreso, they own comprehensive bullion-applicable content, market research resources, and a rather transparent procedure for acquiring coins. So Investing in Sprott USA Gold is a good option.