Beverly Hills Precious Metals Review 2023

Saving up for retirement is absolutely necessary, but it’s not necessarily easy. With so many IRAs and other investment products available out there, each one trying to capture the attention (and money) of Americans with their offerings.

But not all such services are equal. Some of them may seem attractive at first glance, only to end up being unprofitable in the long term. Is Beverly Hills Precious Metals one of them, or is it a reasonable option to allocate your money in hopes of expanding your retirement portfolio? This is what we’re going to explore in this review.

By the time you’re done reading, you’ll know whether or not you’re putting your money in safe hands by investing with Beverly Hills Precious Metals.

Beverly Hills Precious Metals Company Overview

Founded in 2003, Beverly Hills Precious Metals allows their clients to invest in precious metals to be added to their IRAs or other investment portfolios. Their offer encompasses gold, silver, and other precious metals. However, in order to learn more about the specific products you can invest in, you’ll need to book a consultation with one of their representatives.

Beverly Hills Precious Metals markets itself as “General Flynn’s Gold Buyer of Choice.” For those of you who don’t know who that is, Michael Thomas Flynn is a retired US Army general who served as Donald Trump’s national security advisor for a brief period in 2017. In a bizarre video posted on July 4, 2020, Flynn pledged an oath to QAnon, a conspiracy theorists’ movement that’s often cited as the driving force behind the attack on the Capitol that took place on January 6, 2021.

Obviously, none of this has anything to do with the quality of their products and services. However, seeing as their website hosts more references to General Flynn, the Trump family, and “The Great Reset” conspiracy theory than Beverly Hills Precious Metals’ actual investment products, we thought it was worth a mention in this overview section.

Beverly Hills Precious Metals Products and Services

The company’s political leanings and marketing strategies aside, they do boast a decent offer you can add to your precious metals IRA.

Gold

Beverly Hills Precious Metals deals primarily in gold products, such as:

• Gold bullion: Gold with no particular rarity to it that continues to be minted to this day. Its value is determined solely by the gold content.
• Rare gold: Coins and other gold products that are in low supply or are no longer minted. On top of the gold content, it has additional numismatic value due to its rarity.
• Proof gold: This category includes all gold coins that were minted for collectors and aren’t meant to enter into circulation. Its value can be influenced by the number of minted coins of a specific proof and the year they were struck.

Other Precious Metals

While Beverly Hills Precious Metals does offer investment options other than gold, you’d be hard-pressed to find any information about them on their website. In order to get a better insight into which metals you can invest in at any given moment, you’re going to need to schedule an appointment with the company’s representative.

During this consultation, they’ll inform you of their current offer and give you some guidance as to which investment makes the most sense for your particular situation.

Liquidation

The company allows you to easily liquidate your gold, silver and other precious metals assets with their help. All you need to do to sell your investments is to schedule an appointment or give them a call.

Once you present your offer, their consultants will get back to you with a price estimate based on the current market conditions. If you reach an agreement, Beverly Hills Precious Metals will send you the full buyback order details, as well as detailed instructions on the shipping process. You’ll receive the payment only after the precious metals reach the company.

Beverly Hills Precious Metals Fees & Costs

As far as fees are concerned, Beverly Hills Precious Metals does not publicly reveal their sales fees. They depend on the total value of your order, and you’ll find out the exact value of the fee during your free consultation.

The company also offers storage of your precious metals at an independent depository. Their storage fees vary from order to order. Should you choose to entrust your investment to such a depository, you’re going to have to pay 0.75% of the selling price or $15 each year as a storage fee. These are paid bi-annually, which means that you’ll receive a storage bill from Beverly Hills Precious Metals twice a year, so either 0.375% of your total investment or $7.50, depending on whichever price is greater at the time of billing.

Customer Support

The Beverly Hills Precious Metals customer service department is definitely one of the company’s strongest suites. You can reach out to them via email or phone call, but you can also send them a fax or directly visit their Beverly Hills-based office from Monday through Friday between 8 AM and 5 PM.

Beverly Hills Precious Metals Company Reviews

On average, Beverly Hills Precious Metals has received mixed reviews from both customers and professional IRA reviewers. One of the main drawbacks of this business is that, as opposed to the most reputable gold IRA providers, it is not accredited by the Better Business Bureau (BBB), a leading marketplace trust institution. They have a 3-star customer rating on the BBB’s website and a 3.6-star rating on Google Reviews.

Most customers who share their opinions on Beverly Hills Precious Metals point towards the company’s helpful customer service staff and fast shipping as the highlights of their experience.

We can also say with fair certainty that Beverly Hills Precious Metals is not a gold IRA scam. After 20 years of working in the industry, they haven’t faced any investigations in that regard. The fact that they’ve been endorsed by General Michael Flynn also works in the company’s favor. Whatever your opinion of General Flynn, it’s unlikely that he would have trusted a shady business with his savings.

Getting Started with Beverly Hills Precious Metals

Investing with Beverly Hills Precious Metals is a simple three-step process.

1. Give the company a call and discuss your objectives, budget, and preferences with one of their Account Executives. They’ll provide you with a detailed overview of the available options upon which you can base your decisions.
2. Once you’ve decided on the price, quantity, and type of metals you want to invest in and confirmed these details by phone, you will receive a Trade Confirmation Number. This number establishes the amount you’ll have to pay for your investment within 72 hours.
3. Choose your preferred payment method and pay the due amount. Beverly Hills Precious Metals allows customers to pay via bank transfer, credit card, IRA transfer, as well as certified or personal checks.

If you’ve decided to open a Precious Metals IRA with Beverly Hills Precious Metals, the items you’ve purchased will be transferred directly to their partnered depository. Otherwise, they’ll be sent to the address you specified in your order.

Pros and Cons

Final Thoughts

Beverly Hills Precious Metals is a legitimate Precious Metals IRA provider. They’ve been in the business for more than 20 years, and no claims have been made regarding their honesty and order fulfillment. While their lack of accreditation by the Better Business Bureau may raise some concerns among some of the more cautious investors, there is no reason to believe that Beverly Hills Precious Metals will steal or mismanage your money. Is it the best gold IRA provider? Probably not. But reaching out to them to explore your options is definitely worth a shot.

In the meantime, take a look at our other gold IRA provider reviews so you can compare them to Beverly Hills Precious Metals offerings:

• Augusta Precious Metals (Recommended)
• Goldco Precious Metals
• Regal Assets
• Advantage Gold
• Patriot Gold Group
• Noble Gold Investments

Article Sources

At Gold IRA Blueprint, we dive deep into the world of gold IRAs, using trusted sources to back up our insights. Our sources range from official documents to expert interviews, ensuring our content is both accurate and reliable. We also draw on research from reputable publishers to give you the most comprehensive understanding possible. Check out our editorial policy to see how we maintain our high standards for accuracy and fairness. Also make sure to check out our Financial Review Process to have a better understanding of our process.

1. https://www.bbb.org/us/ca/beverly-hills/profile/precious-metal-dealers/beverly-hills-precious-metals-exchange-inc-1216-100102163
2. https://www.crunchbase.com/organization/beverly-hills-precious-metals-exchange
3. https://www.investopedia.com/terms/p/preciousmetal.asp