Lear Capital Gold Investing Company Review 2023

Many investors are taking a renewed look at gold as a potential way to alleviate historically high strains Inflation. According to Rohan Reddy, director of research at Global X, “Commodities including gold can be a great way for investors to diversify their portfolios and hedge against inflation.”

Gold investment companies can help you start investing in the yellow metal. One such company, Lear Capital, has been helping precious metals investors since 1997. Lear Capital can help you buy gold, silver and platinum products or Invest in a Precious Metals Individual Retirement Account (IRA). This guide will dive deep into the company’s gold IRAs, prices, pros and cons, and unique features to help you decide if you’ll benefit from investing with them.

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Lear Capital Overview

Lear Capital is a Los Angeles-based precious metals dealer founded in 1997. You can work with an expert over the phone or order gold, silver and platinum directly online, including coins and bars. The company also offers self-directed IRAs that work like traditional IRAs but allow you to include gold, silver and platinum metals.

Lear Capital has a AAA rating with the Business Consumer Alliance and is a PCGS (Professional Coin Grading Service) authorized dealer. The company has completed nearly $3 billion in precious metals transactions since 1997 and owns a 96% overall customer satisfaction rating. Lear Capital also earns a 4.7 out of a possible 5 rating Consumer AffairsWith over 1,100 reviews.

Lear Capital Value

One of the primary costs of investing in gold is storage, as gold bars and coins must be kept in a safe place to prevent loss and theft. Gold companies like Lear Capital often help their customers ship and store their precious metals. Lear Capital can ship your metals to a depository in Delaware, where it is 100% insured for a fee.

Lear Capital charges an annual fee for this Gold IRA—$280 for the first year and $200 annually. For comparison, GoldCo claims its customers can expect to pay about $180 annually for its Gold IRA.

You may be eligible for waived storage and setup fees based on your initial deposit amount, as outlined in the schedule below:

• Deposits over $10,000: The $50 set-up fee is waived
• $25,000 to $50,000 deposit: No fee for the first year
• $50,000 to $75,000 Deposit: There are no fees for the first two years
• Deposits over $75,000: There are no fees for the first three years

Lear Capital pros

before you buy goldConsider the benefits of investing in gold with Lear Capital.

• The company assigns a personal Lear specialist to work with you.
• Precious metals IRA setup and maintenance fees follow a flat-fee structure.
• Lear Capital can waive storage and setup fees for up to three years depending on your deposit amount.
• The company’s Price Advantage Guarantee aims to keep terms and fees transparent.
• Orders come with a 24-hour risk-free purchase guarantee.

Learn more about your gold investment options with Lear Capital now here.

Lear Capital Cons

It is wise to weigh a company’s inherent downsides before investing with them. With Lear, it helps to understand the following:

• You must pay an annual fee for its self-directed IRAs
• The company was sued by the City of Los Angeles and New York State and filed for Chapter 11 bankruptcy in 2022.

Unique Advantages of Lear Capital

gold price Change throughout the day. When you’re on a gold company’s website, the price you see for a particular coin or bar can change momentarily.

Lear Capital aims to eliminate confusion and promote transparency by connecting you with a customer service professional. They also follow their three-step price advantage guarantee. The process includes a written account agreement, phone confirmation and a written confirmation of your purchase to help ensure you understand the price and the entire process. According to them website“Lear’s commitment to transparency includes no hidden fees and a clean and fully disclosed gold and silver acquisition process.”

Unique Drawbacks of Lear Capital

Lear Capital has filed for bankruptcy in 2022, which could be a cause for concern. However, the company has completed more than $3 billion in transactions and seems committed to transparency with its price advantage guarantee and 24-hour purchase guarantee.

Bottom line

Lear Capital is a gold company with a track record of 25 years in the gold industry. The company offers Investment in gold, silver and platinum coins and bars and self-directed individual retirement accounts. Precious metals are stored in its IRAs and are fully insured with Delaware Depositories.

consider Above pros and cons before investing In gold with Lear Capital. It can be confirmed that Lear Capital enjoys a 4.8 rating on TrustPilot, a 4.7 rating on Consumer Affairs and a B+ rating on the Better Business Bureau.

As with most investments, it’s a good idea to consider your risk tolerance and consult with your financial advisor to make sure the investment is appropriate for your financial goals.

Have more questions? Learn more about investing with Lear Capital here.