You’re looking for a trustworthy dealer, aren’t you? One with a solid reputation and competitive prices? You may have heard of SD Bullion, a major player in the precious metals market. In this review, we’ll dissect their services, product variety, pricing, and customer reviews. By the end of it, you’ll have all the information you need to decide if they’re the right fit for your investment needs. But first, let’s get a better understanding of who they really are.
What is SD Bullion?
Diving into the world of precious metals, you’ll encounter SD Bullion, a dealer that not only prides itself on offering ‘the lowest price, period,’ but also simplifies the process of buying and selling gold and silver. Established in 2011 by two doctors with a keen interest in precious metals investing, this company has quickly risen to become a significant player. They’ve positioned themselves as a go-to source for anyone interested in the lucrative world of precious metals investment, boasting a low-price guarantee that you’ll find hard to beat.
Delving deeper into their offerings, you’ll find they don’t just deal in gold and silver. They have a wide variety of precious metals investment coins and bullion bars, ensuring they cater to a broad range of investor preferences. It’s a testament to their success that they’ve processed over $2 billion worth of transactions, a remarkable achievement in a competitive market.
Moreover, they’ve made it their mission to make investing in precious metals as easy as possible. They can help you set up a precious metals Individual Retirement Account (IRA) through their partnerships with custodians and storage facilities. It’s a comprehensive service that takes the complexity out of investing in precious metals, making it accessible for both seasoned investors and newcomers.
SD Bullion Products
When it comes to the range of products offered by SD Bullion, you’ll find an impressive array of investment-grade gold, silver, platinum, and palladium bullion and coins. They offer a vast catalog that caters to both seasoned investors and novices alike, ensuring a variety of options to suit different investment needs.
One of the distinctive features of SD Bullion is their extensive offering of platinum and palladium products. They are among the few online bullion dealers to provide such a wide range of these precious metals, which sets them apart in the market.
Now, let’s delve into a 4-item list of the main product categories you’ll find at SD Bullion:
- Gold Products: This category includes various forms of gold such as bars, coins, and rounds.
- Silver Products: Silver coins, rounds, bars, and even statues are available.
- Platinum and Palladium Products: These categories are where SD Bullion truly shines, offering a broad selection that many other dealers lack.
- IRA-approved Products: SD Bullion, through partnerships with custodians and storage companies, can facilitate the setup of a gold IRA, offering gold, silver, and platinum investment products that are IRA-approved.
Custodians, Storage, and Security
When investing with SD Bullion, you’re not left to manage your assets alone. They collaborate with a number of reputable custodians such as New Direction Trust Company and Goldstar Trust. Moreover, they provide secure storage options through their depository, ensuring your investments are safe and accessible.
Custodians
For your gold IRAs, SD Bullion doesn’t limit you to just one option, but rather directs you towards a selection of trustworthy custodians such as the New Direction Trust Company, Goldstar Trust, Provident Trust, The Entrust Group, Kingdom Trust, and Equity Institutional.
In analyzing these custodian options, consider the following:
- Experience and Reputation: Look into the years of operation and inquire about the reputation of each.
- Service Offerings: Understand the services they offer. Some custodians might offer additional services like financial planning or investment advice.
- Fees Structure: Know the fee structures. Some charge a flat fee, while others might have a sliding scale based on the value of your investment.
- Storage Options: Consider their storage facilities. You want a custodian offering secure, segregated storage for your precious metals.
Choosing the right custodian is a critical step in securing your investment.
Storage
In terms of storage, SD Bullion provides a secure and affordable option with their in-house depository, ensuring your precious metals are safely tucked away and readily accessible when needed. The SD Depository is a fully insured non-bank storage facility, where you can store any quantity of metals. With storage prices beginning at just $9.99 per month, it’s an economical choice. Additionally, there are no hidden costs such as minimum deposits, set up fees or deposit fees. As a new customer, you’ll enjoy three months free. They claim to offer a ‘highly liquid’ market, implying an ease of withdrawal and sale at any time. However, the option of using an alternative storage facility remains unconfirmed.
Security
Building on the storage aspect, let’s examine SD Bullion’s robust security measures, particularly their claim of having private security for their fully segregated gold storage facility. It’s crucial to note that:
- SD Bullion uses private security, which adds an additional layer of protection against theft or damage.
- The fully segregated storage ensures your metals are stored separately from other customers’ assets, offering personalized safeguarding.
- The combination of private security and segregated storage implies an enhanced level of care and protection for your precious metals.
- SD Bullion’s security measures align with industry standards, providing confidence in the safety of your investment.
Therefore, when it comes to custodians, storage, and security, SD Bullion appears to have a comprehensive, reliable system in place.
SD Bullion Fees & Pricing
When it comes to SD Bullion’s fee structure and pricing, you’ll find competitive rates, transparent costs, and no hidden charges, making it an attractive choice for precious metal investors. They are known for their commitment to offering the lowest prices in the market on gold and silver, which is a strong selling point for those planning to invest in precious metals. Coupled with this, they offer volume discounts for larger orders, ensuring you get the best value for your investment.
The transparent pricing extends to their storage services as well. SD Bullion has its own depository called SD Depository, where storage prices start at a reasonable $9.99/month with no minimum deposits or setup fees. In addition, they offer the first three months free for new customers, a gesture that further enhances their commitment to cost-effectiveness.
Moreover, SD Bullion maintains a diverse selection of bullion coins and bars, sourced from reputable mints and refineries. They regularly update their inventory and provide a range of sizes and weights to cater to different investor preferences. This variety, coupled with their competitive pricing, ensures that you have access to the latest releases without having to worry about overpaying.
How are SD Bullion’s Prices in Comparison to its Competitors?
When considering SD Bullion, it’s crucial to analyze how its prices stack up against competitors. By comparing their buy and sell prices, you can ascertain their market position and determine if they offer the best value for your investment. Let’s look at these figures and see how SD Bullion fares.
Buy prices
In comparing SD Bullion’s prices with its competitors, it’s noteworthy that on 27th May, 2020, they advertised 1 ounce uncirculated randomized American Gold Eagle Coins at $1,908.74, a price point higher than both Money Metals and JM Bullion, yet lower than Golden Eagle for the same product.
- SD Bullion: Their price was $1,908.74 for the American Gold Eagle coin.
- Money Metals: They offered a lower price than SD Bullion for the same product.
- JM Bullion: Their price, like Money Metals, was also lower than SD Bullion’s.
- Golden Eagle: They were the most expensive when comparing the same product.
This analysis shows that while SD Bullion’s prices may be higher than some competitors, they certainly aren’t the most expensive option on the market.
Sell prices
Navigating the sell prices of SD Bullion in comparison to its competitors can be somewhat tricky, as they don’t publicly disclose their buyback costs on their website. This lack of transparency makes it difficult for you to directly compare their rates with those of other bullion dealers. However, when contacted, SD Bullion’s representatives explained that their prices vary based on the type and quantity of product you’re selling. This suggests that while their prices can be competitive, they’re also somewhat flexible and subject to negotiation. In contrast, many competitors offer fixed buyback prices, giving you a clear idea of what to expect. In conclusion, while SD Bullion may offer competitive sell prices, their lack of public disclosure could be a drawback for some sellers.
Concluding Thoughts
SD Bullion offers a reliable platform for gold and silver investors. Their extensive product range, secure storage options, and competitive pricing make them a strong contender in the market. Though their fees may vary, they hold up well against their competition. Always remember to analyze your own investing needs and financial situation before choosing any bullion dealer, but SD Bullion definitely warrants consideration.
