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Bullseye Bullion is a popular company that offers investors the opportunity to buy and sell gold, silver and other precious metals. With a large selection of bullion products and competitive prices, the company has become a favorite for many investors.
However, it's essential to look beyond the attractive features and evaluate whether Bullseye Bullion is worth investing in. To help you make an informed decision, this comprehensive review will explore the advantages and disadvantages of investing with Bullseye Bullion and provide an overall verdict.
About Bullseye Bullion
Bullseye Bullion was founded in 2011 by Robert B., an experienced coin collector with many years of experience. The business was initially successful and quickly established itself as a leader in the bullion market. However, the firm has been struggling recently and is unfortunately considering closing its doors.
Robert B. was inspired to start Bullseye Bullion because of his passion for coins. He wanted to create a business that would bring together collectors from around California and provide them with a reliable source for high-quality bullion. To this end, he made an online marketplace where customers could purchase various coins from some of the world's most respected mints.
Bullseye Bullion offers a wide selection of gold, silver, platinum and palladium bullion products including coins, bars, rounds and collectible items. All products are stored in state-of-the-art storage facilities, allowing customers to buy and sell confidently.
Bullseye Bullion also provides customers with detailed market information, including daily spot prices and pricing trends, to ensure they have the most up-to-date information when making buying and selling decisions.
Robert leads a team of experienced and knowledgeable professionals who strive to make Bullseye Bullion the best choice for customers looking for secure and competitively priced bullion products. The team works diligently to provide its customers with quality products and services and reliable and accurate market information. Bullseye Bullion also has a customer service team available 24 hours a day, seven days a week to answer any customer questions.
Bullseye Bullion managed to rapidly grow its customer base in its early years, with customers from all over California choosing to buy their bullion from the company. However, in recent years, the business has struggled to keep up with the competition and has not been able to generate enough revenue to stay afloat.
Products and Services
Bullseye Bullion offers a variety of products and services to help investors of all levels build wealth. From coins and bars to ingots, Bullseye Bullion has something for everyone.
Customer Service and Reputation
Bullseye Bullion is not rated by the BBB or other bodies and has no customer reviews. This may leave customers uncertain about the products and services Bullseye Bullion provides. However, it's important to note that ratings and reviews can be precious assets for any business.
Ratings and reviews allow businesses to provide transparency to their customers and potential customers. They offer insight into the customer experience, helping potential customers determine whether the company meets their needs.
Ratings and reviews also serve as a valuable form of feedback that can help businesses identify areas they need to improve. Additionally, they can boost the overall online presence of a company, which can lead to more visibility and customers.
From a customer's perspective, ratings and reviews offer a sense of security when considering a purchase. Customers can read reviews and gain insight into the quality of the products and services provided by a business before they decide to purchase.
This helps build trust between customers and the business, creating loyal customers who will likely make future purchases.
How Do You Choose the Right Precious Metal Dealer?
Choosing the right precious metal dealer is essential, as it can significantly impact your financial security. Here are some factors to consider when selecting a precious metal dealer:
Reputation
A reputable dealer should be an established business with a proven track record of providing reliable services. It is always a good idea to read customer reviews to ensure that the dealer you are considering has a positive history of satisfied customers.
Ask friends and family for recommendations or reviews on trusted websites like the Better Business Bureau. Additionally, ensure the dealer is accredited and licensed, as this will provide further peace of mind when making your purchase. Finally, check if the dealer offers product guarantees or return policies.
Variety
A wide selection of metals and products allows for selecting the perfect item to meet your needs. An excellent precious metal dealer should have a large selection of gold, silver, platinum and palladium, as well as a variety of coin and bar sizes so that customers can find what they need.
A reputable dealer should also have a range of rare coins and collectibles, allowing customers to add unique pieces to their portfolio. Additionally, it is important to look for a dealer that offers access to global markets so that customers can take advantage of the latest pricing and trends in the industry.
Storage Options
It's essential to ensure that the dealer you choose offers secure and reliable storage for your precious metals.
When looking for a dealer, ask about their storage offerings such as whether they provide segregated, allocated or unallocated storage. Segregated storage is when the metals are stored separately from other customers' metals in a secure location.
Allocated storage means that the gold or silver is kept separate from other customers' metals and is assigned to you with a specific weight and purity. Unallocated storage is when the metals are not explicitly assigned to you but instead held in a pool account where the metal is available for withdrawal as needed.
It would be best if you also asked the dealer about the security measures they have to protect your metal. This could include secure vaults, 24/7 surveillance, insurance or other measures.
Financial Strength
When selecting a precious metal dealer, it's essential to consider their financial strength. After all, you want to ensure that the company can handle your purchase without any issues.
To determine the financial strength of a dealer, you should check out their balance sheet and other financial reports. These documents can provide insight into the company's overall financial health.
Make sure to look for signs of stability such as high liquidity ratios, few debts and strong profitability. It's also a good idea to read customer reviews and speak to the dealer's representatives to get more information about their services and financial stability.
Pricing
It's crucial for you to do your research and compare prices between multiple dealers to find the best deal. Be sure to ask questions and get a thorough understanding of what the price includes. Please also inquire about any fees or additional costs associated with different types of payments, shipping and storage options.
Check to see if the dealer offers a buy-back policy. This will allow you to resell the metal back to them at a later date if desired. Lastly, ensure you know any taxes or other regulations that may apply to your purchase.
Customer Service
You want to ensure that you work with a reliable and knowledgeable team that can provide exceptional customer service and support. A good dealer should have knowledgeable staff who can answer all your questions and provide the best advice for your needs.
It would be best if you also looked for a dealer with an easy-to-use website that easily finds the needed products. The customer service representatives should be friendly, helpful and professional so that you feel comfortable and confident when dealing with them.
Also, a good dealer should offer customer support by phone, email or live chat in case you need help with any issues.
Benefits of Investing in Precious Metals
Investing in precious metals can be a great way to hedge against market volatility. Here are some of the key benefits you should consider:
Ways of Investing in Precious Metals
Investing in precious metals can be a great way to diversify your portfolio and protect your wealth. You have several options for investing in precious metals, each with advantages and disadvantages. Here are a few of the most popular ways to invest in precious metals:
Physical Possession
Purchasing physical gold, silver, platinum or palladium coins or bars is one of the most common ways to invest in precious metals. With physical possession, you have the security of knowing that you own the physical asset.
You can also take advantage of potential price appreciation and the potential to use the metal as a hedge against inflation. However, it would be best if you stored the metal safely and securely, which can be costly.
Precious Metals ETFs
Precious metals ETFs (exchange-traded funds) track the value of physical metal commodities such as gold, silver, platinum and palladium, allowing you to invest in these metals without owning them physically.
Precious metals ETFs are traded on various exchanges and can be bought and sold like stocks. They are easy to buy and sell, offer low management fees and provide instant diversification across multiple metals. ETFs also provide the flexibility to take advantage of price movements over time without handling the physical metal.
Futures Contracts
Futures contracts are agreements between buyers and sellers to buy or sell a particular commodity later, usually at a predetermined price. This means you can purchase a futures contract on gold or silver without owning the physical metal.
Futures contracts offer many advantages to investors. They provide liquidity, flexibility and the ability to hedge against price fluctuations. You can also use them to speculate on future prices and make a profit. You can also use leverage when trading futures, increasing your profits.
Mining Stocks
Mining stocks represent ownership in a mining company that mines precious metals such as gold and silver. These companies may also be involved in exploring and extracting other minerals.
Investing in mining stocks offers several advantages over investing in physical precious metals:
Mining stocks are typically traded on major exchanges such as the NYSE or NASDAQ. This makes them easy to purchase and sell and they are also subject to regulation, which helps protect investors.
Gold IRAs
A Gold IRA allows you to purchase and own physical gold, silver, platinum and palladium which can be deposited into a self-directed individual retirement account. When purchasing these metals, you can choose coins, rounds and bars approved by the Internal Revenue Service (IRS). This means you will own the metal instead of ETFs or other paper investments.
When investing in a Gold IRA, you must find a custodian specializing in precious metals. They will help you set up the account and provide documents such as IRS Form 5498 and other forms that must be completed when investing in a Gold IRA. Your custodian should also be able to answer any questions you have about investing in gold and other precious metals.
Bottom Line: Is Bullseye Bullion a Reliable Company to Invest With?
Bullseye Bullion is not a reliable company to invest in due to its poor performance, lack of customer reviews and non-existent ratings from various bodies. Gold and other precious metals are still viable investment options for many people, but it is vital to ensure you invest with a reputable and reliable company.
We highly recommend researching before investing in any precious metal company and only investing with companies that have proven track records, good customer reviews and are rated by various organizations.
Goldco, Augusta Precious Metals, Birch Gold Group, American Hartford Gold and Noble Gold have all been thoroughly vetted. They have established themselves as reliable, trustworthy sources for investments in gold and other precious metals. These companies provide excellent customer service, transparent pricing and access to various precious metals products.