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Whether you're local the Boston area or not, you may have run across Boston Bullion in your search to find the best precious metals dealer. Boston Bullion has a storefront location in Burlington, Massachusetts, but also sells to customers across the country.
If you've done any research on precious metals dealers, then you already know there are a multitude of options out there. Continue reading to learn more about Boston Bullion so you can see if they stand out against the rest and are worthy of having you as a customer.
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About Boston Bullion
Boston Bullion has been around since 2006. Kenneth Murphy founded the company with the goal of sharing the investment powder of gold and silver with others. The company works to offer competitive pricing alongside honesty and transparency.
Another one of Boston Bullion's goals it to make it easy for individuals to invest in precious metals. They have a storefront location in Burlington, Massachusetts that individuals can visit to shop in person. The company also has an easy-to-navigate website that displays all the gold, silver, platinum, and palladium coins and bars they offer. If you wish to make an online purchase, you can add the items you're interested in to your cart and call to speak with a customer service representative.
Gold coins and bars are popular with investors for many reasons. If you'd like to add some gold to your portfolio, here are some of the options available through Boston Bullion:
You can also invest in silver coins and bars through Boston Bullion. Below are just a few of these offerings:
Other Precious Metals
In addition to gold and silver, Boston Bullion also has a few platinum and palladium bars and coins available. These include:
Setting Up a Gold IRA
Gold IRAs allow you to diversify your portfolio by investing in precious metals to help prepare for retirement. By moving some of your money out of the volatile stock market, you are more protected should the market crash. If you are interested in setting up a Precious Metals IRA, or even just learning more about how they work, Boston Bullion can help you.
Boston Bullion works alongside Madison Trust Company to open up your new Self-Directed IRA (also called Gold IRA). They can help you rollover funds from an existing IRA for your new Precious Metals IRA and can walk you through selecting the best gold, silver, platinum, or palladium pieces to hold in your account.
Selling to Boston Bullion
In addition to offering precious metals for investors to purchase or add to a retirement savings account, Boston Bullion will also purchase precious metals from individuals. If you have coins or bars that you'd like to sell, you should call the company to initiate the process.
Boson Bullion will send you a packing slip so you can ship your precious metals to them. Once your package arrives, it will be inspected and verified, then your price will be locked in. After this process is complete, Boston Bullion will initiate a wire transfer with the funds to your account or send you a check.
If you think you may be interested in selling precious metals to Boston Bullion, visit their website. There you'll find a chart that shows what they'll pay for a variety of gold and silver coins and bars.
Are There Any Red Flags for Boston Bullion?
One of the most important things you can do before deciding to give your business to any company is to look through reviews that others have shared about their experiences working with the company. Reading through these reviews and looking for any negative patterns or red flags will provide you with essential information about how the company operates and treats its customers.
We looked for reviews for Boston Bullion to help you make a more informed decision. Sadly, there are not that many reviews available through some of our most-trusted review websites (Business Consumer Alliance, TrustLink, and Trustpilot). However, we did find overall positive reviews from Google and the Better Business Bureau's website.
Boston Bullion is a smaller company than many of the other precious metals investment companies out there, so it doesn't seem too surprising that there aren't a lot of reviews on all of the review sites for them.
Is Boston Bullion a Scam?
Do we think Boston Bullion is a scam? No, there is nothing that screams 'scam' from this company. They have been in business for over 15 years and have a physical storefront location in Burlington, Massachusetts.
However, while we do not think Boston Bullion is a scam, they wouldn't be our first choice when looking to invest in precious metals. Even though they have a website that shows the available coins and bars available to purchase, you can't actually place your order through the website. You can add the coins that you are interested in to your cart, but then you'll need to call and speak with a representative from the company to complete the order. This is much less convenient than being able to order on your own, as is possible with many other precious metals companies.
Many other precious metals dealers accept credit card payments, as many customers find them easier. If you decide to purchase metals from Boston Bullion, you won't be able to pay with a credit card. You'll need to pay with a wire transfer or one of their other approved payment methods.
One other thing that isn't ideal about Boston Bullion is that they don't offer free shipping on all orders. In order to qualify for free shipping, you must purchase at least five ounces of gold. If you purchase less than this, you'll have to pay $19.95 for shipping.
Pros & Cons of Boston Bullion
Boston Bullion seems like an OK company to work with. However, we think you'd be better off choosing to work with one of our top-recommended precious metals investment companies instead. We think you'll find the precious metals buying process much smoother and easier with one of these top-trusted and highly-rated companies.
Although we think Boston Bullion is a pretty solid company, they did not make our top 5 list. We believe that the companies on this list provide better options.
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