Lear Capital Reviews Suggest This Can Help Make Precious Metal Purchasing a Stress-Free Experience 

With a history of retaining value and acting as a hedge against inflation, precious metals such as gold and silver have piqued numerous investors’ interest over the years, according to Kevin DeMeritt, founder and chairman of precious metal firm Lear Capital.

Figuring out how to obtain physical precious metals, however, may feel a bit overwhelming to investors who are new to the precious metals market.

Lear Capital has facilitated gold, silver, and other precious metal purchases for more than 25 years — and can be a helpful resource for first-time buyers.

The Los Angeles-based company works to keep its customers informed throughout the process that’s involved.

“I think our customers appreciate the transparency,” DeMeritt says. “We try to move as quickly as possible to get people the metals that they want.”

Clients like Nick V. — who submitted one of the Lear Capital reviews available on the Trustpilot review platform — have said they were impressed with the company’s attention to detail and the way it followed up after they initially reached out.

“As a first-time precious metals purchaser, I must admit my overall positive personal interactions with Lear Capital [were] beyond my expectations,” Nick said. “When I inquired about the purchasing process, a representative immediately telephoned me.”

The Lear Capital representative also stayed in touch during the purchasing process, according to Nick, by contacting him via text — his preferred method of communication. 

“I was able to track my order, which arrived on time as promised without any damage,” Nick said. “I would highly recommend Lear Capital to anyone contemplating the purchasing of precious metals.”

Receiving Precious Metal Purchases

Investors who are interested in buying physical precious metals they plan to keep at home in the anticipation the items will appreciate over time may have questions about how ordering and delivery works.

Sarah W. said she had a great experience working with Lear Capital when she bought physical gold and silver.

“The customer service I received was excellent,” Sarah said in a Lear Capital review shared on Google. “[The representative] provided me with the proper guidance to make an informed decision for my first purchase. All of my questions were answered, and he went above and beyond to navigate me through this process. I greatly appreciate [his] genuine interest in making sure I was making a smart purchase.”

In another of the Lear Capital reviews posted on Google, Garrett O. described working with a Lear Capital representative as phenomenal.

“He kept me up to date on everything I wanted to know; and what I received was not only high quality, but how it was packaged gave me a great deal of confidence in its shipping security and quality,” Garrett said. “[I] definitely will buy from them again.”

Lear Capital customer Richard R. praised the company’s delivery of his previous metals, which he purchased to keep at home in a safe.

“Both times I ordered, the process was straightforward,” Richard wrote in Google review of Lear Capital. “Other companies for precious metals aren’t.”

Holding Precious Metals in an IRA

The process that’s involved in purchasing precious metals for inclusion in an individual retirement account is a little bit different than having metals you buy shipped directly to you.

First, you’ll need to set up a self-directed IRA, the type of account that allows you to hold alternative assets such as physical gold, silver and other metals.

You then have a few choices to fund it. You can use one of two rollover methods — a direct trustee-to-trustee transfer, where money is moved from your current IRA provider to your new self-directed IRA provider; or a 60-day rollover, which involves your current IRA account custodian mailing a check directly to you that needs to be deposited into your new IRA account within 60 days to prevent tax implications or fines.

Once you’ve funded the account and decided which metals you’d like to purchase, you’ll need to ensure they’re sent to an approved facility for storage. While you retain full ownership of the items, the assets that are part of a precious metals-backed IRA cannot be kept at home.

When you purchase precious metals from Lear Capital, the company will arrange for the items to be securely shipped to an approved storage facility to fulfill the associated IRS requirement. 

“To continue to get the tax benefit of that retirement account, you cannot hold those metals yourself,” Kevin DeMeritt says. “The government needs to confirm that you actually have [them]. But you can buy [more] or sell them at any time.”

Working with a precious metals provider like Lear Capital can help you seamlessly move through each step of setting up a precious metals-backed IRA and obtaining the physical precious metal assets that will be part of it.

George J. described how they company assisted him in establishing a precious metals IRA in one of the Lear Capital reviews that have been shared on Google.

“I found the process easy, with plenty of help from Lear staff,” he said. “[I’m] looking forward to doing continued business with this company and to the hedge that precious metals will provide for my portfolio.”

Sherri W. transitioned from having a conventional IRA to a silver-backed IRA.

“Because we were new at this, we needed lots of assistance, and Lear was there to help us,” she said in her Google review of the company. “They answered all of our questions in terms we could understand. During these unsettled times, I’m relieved to know Lear Capital is there to help protect my hard-earned wealth!”

The company took the time to understand and tailor its service to Tallen L.’s individual needs, according to one of the Lear Capital reviews posted on Trustpilot.

“[The representative] provided clear and comprehensive information about the gold investment options, allowing me to make informed decisions that align with my financial goals,” Tallen said. “It’s evident that Lear Capital prioritizes building lasting relationships with clients. I strongly recommend Lear Capital to anyone exploring investment opportunities in precious metals.”