American Bullion Review: Is it a Good Gold IRA Company?

American Bullion offers IRS-approved precious metallic IRA accounts. To learn more about American Bullion and its retirement products, take a look at the American Bullion Review.

American Bullion
Services: Precious Metals IRA, Buy and Sell Bullion
Minimum Investment: $50,000
Fees: $75-$290/yr (custodian fees)

  • Been in business for over 10 years
  • 1,000 Trustpilot reviews of 5-star customers
  • Industry: Competitive Fees
  • Excellent customer service

  • No online purchase available
  • $50,00 minimum IRAs
Promotion: No current promotions

American Bullion is unique because it offers a simple path to opening an IRS-approved precious metal IRA.

We'll be reviewing American Bullion's products and helping you decide if they're a good fit for your investment goals.

Are you still confused by the IRS rules for gold IRAs? Do you have trouble finding reliable companies that will help you invest in precious metals

It is possible to diversify your portfolio by adding precious metals such as gold, silver, or other precious metals. This will help you to mitigate risks and increase your risk-reward ratio. Many investors have difficulty finding the right custodian.

Here are some reasons why American Bullion might be a good option.

What is American Bullion? website

American Bullion, Inc., a U.S-based precious metal dealer, and investment company, is located in the United States. This company was founded in 2009 and quickly became a leader in gold IRA rollover markets.

Orkan Ozkan, the founder and CEO, and Nevtan Akcora, co-founder and president have extensive experience as commodity brokers.

Their goal is to make precious metal investing transparent and easily accessible for everyone.

American Bullion facilitates the purchase of silver coins and gold bullion. This allows investors to diversify their portfolios and create an inflation hedge.

American Bullion Services

The 1997 Taxpayer Relief Act opened up the possibility to invest in physical precious metals as part a retirement portfolio.

The IRS has strict rules regarding gold and silver bars and coins that investors can choose from as well as how they are stored.

American Bullion offers individual retirement plans that meet IRS storage requirements.

Gold IRA

American Bullion's Gold IRA Product is a retirement account that allows you to directly invest in gold bullion and coins.

Although technically this account can be self-directed, you will get assistance from precious metal specialists to help with the purchase and storage of physical assets.

American Bullion lets you invest in IRA-approved bullion coins. This includes the American Eagle, Canadian Maple Leaf and Australian Kangaroo.

Although it is difficult to predict the future, past performance was remarkable. While prices have fluctuated in the last three years, gold saw a 24% increase in its value in 2020.

American Bullion purchases coins for you through its network precious metal dealers. This network guarantees that you will receive gold at the spot price or higher.

The Delaware Depository is an IRS-approved facility that stores physical gold for your IRA account. It also safely stores proof coins.

Silver IRA

American Bullion also offers other types of precious metals IRAs. You may also be interested in an accredited silver IRA if you feel that American Bullion's Gold IRA account is not a good fit for you investment goals.

Because silver is less expensive than gold, it's worth looking into. This commodity also gives you access to the industrial market.

American Bullion, just like its gold IRA product meets all the IRS requirements for storing silver coins.

The company will buy coins and bullion for you and assist with the transfer of an existing retirement account.

American Bullion Fees & Minimum Investment

Precious Metals IRA Transactions

Set-up fee $50
Maintenance Fee $95 per annum
Storage Fee $150 per annum
Minimum Investment $50,000

Non-IRA Transactions

Storage Fee $150 per annum
Minimum Investment N/A

Who should use American Bullion?

It is smart to gain exposure to precious metals. There are few investment options that give you direct exposure, and it can be difficult to invest in the commodity market due to high volatility.

American Bullion is a great way for investors to hedge their portfolios with tangible assets.

This company is an excellent fit for anyone looking for an easy and accessible method to invest in gold, palladium, platinum, or silver.

American Bullion's storage, annual, and initial setup fees can be affordable and are worth looking into even if you only want to invest small amounts in precious metals.

This company makes it easy to open a qualified precious metal IRA, or roll over an existing retirement account. American Bullion is able to help you diversify your portfolio if you already have a 401(k).

If you are looking to buy precious metals from outside your retirement account, American Bullion might be a good option.

How does American Bullion compare?

American Bullion

Minimum Investment:

Minimum Investment:

Minimum Investment:

$75-$290/yr (custodian fees)



No current promotions

Get up to $10,000 in free silver with a qualified account

No fees (depending upon the investment amount)
American Bullion

Minimum Investment:

$75-$290/yr (custodian fees)

No current promotions

Minimum Investment:


Get up to $10,000 in free silver with a qualified account

Minimum Investment:


No fees (depending upon the investment amount)

Get Started With American Bullion

American Bullion is different from other gold IRA companies because it offers a simple setup process. Here's how to get started.

  1. To receive a complimentary guide for gold buyers, fill out the online form.
  2. Before you decide if precious metals investing is right for your needs, read this guide.
  3. An IRA specialist will contact you after you submit American Bullion's online form. Ask questions, get answers and a better understanding of the relationship between precious metals and your investment goals.
  4. You'll be provided with some forms to fill out if you choose to open an IRA at American Bullion.
  5. You can then fund your retirement account with a wire transfer.
  6. American Bullion will purchase precious metals for you and keep the bullion or coins in a safe place.
  7. You will receive regular updates about your assets, including performance and reports.

American Bullion Reviews

American Bullion's team is extremely knowledgeable about buying gold. They were very polite and answered all my questions. We are grateful.

Sammy C., Verified Google Customer

It is refreshing and encouraging to work for a company that I can trust and that has my best interests at heart in these difficult economic times. The process of selling precious metals was made as fast and easy as possible by American Bullion. American Bullion, thank you for your expertise and help.

Douglas Y., Verified Trustpilot Customer

Should I Invest in American Bullion?

We reviewed several gold IRA companies to help us evaluate American Bullion. This company is recommended because of its simple and clear process for opening a new account, or rolling over an existing retirement account.

American Bullion has few negative reviews on the Better Business Bureau site for this company. However, TrustPilot and TrustLink have many great customer reviews.

Do you feel American Bullion could be a good match to your retirement goals after reading our American Bullion Review? Fill out their online application.

FAQs about American Bullion

Continue reading to learn about investing in precious metals and American Bullion.

American Bullion is a good company.

American Bullion is an investment and precious metals dealer with a positive record.

Trust this IRA provider because of the extensive experience the founders have in the commodity market, as well as the positive reviews left by customers.

Who is the owner of American Bullion

Owners are also Nevtan Akcora, and Orkan Ozkan.

Are there any pending lawsuits against American Bullion?

Two complaints have been resolved by the BBB. American Bullion was also accused of failing to register with the Minnesota Department of Commerce.

What is American Bullion’s address?

American Bullion is located at 2301 Wilshire Blvd #305 in Los Angeles, California


span style="color": rgb (0, 0, 0 Goldco) is a leader within the precious metals sector with more than a decade of experience in helping customers to protect their retirement savings.

You earn a commission when you invest.

Frequently Asked Questions

Can the government take your gold?

You own your gold and therefore the government cannot seize it. You worked hard to earn it. It belongs to your. This rule could be broken by exceptions. If you are convicted of fraud against the federal government, your gold can be forfeit. Also, if you owe taxes to the IRS, you can lose your precious metals. However, even if you don't pay your taxes, your gold can be kept as property of the United States Government.

Can I buy Gold with my Self-Directed IRA?

However, gold can only be purchased with your self-directed IRA. To do so, you must first open a brokerage account at TD Ameritrade. You can also transfer funds from an existing retirement fund.

The IRS allows individuals to contribute as high as $5,500 ($6,500 if they are married and jointly) to a traditional IRA. Individuals can contribute up $1,000 per annum ($2,000 if they are married and jointly) directly to a Roth IRA.

You should consider buying physical gold bullion if you decide to invest in it. Futures contracts are financial instruments that are based on gold's price. These contracts allow you to speculate on future gold prices without actually owning it. You can only hold physical bullion, which is real silver and gold bars.

How to open a Precious Metal IRA

It is important to decide if you would like an Individual Retirement Account (IRA). If you do, you must open the account by completing Form 8606. For you to determine the type and eligibility for which IRA, you need Form 5204. You must complete this form within 60 days of opening your account. Once this has been completed, you can begin investing. You may also choose to contribute directly from your paycheck using payroll deduction.

If you opt for a Roth IRA, you must complete Form 8903. Otherwise, the process is identical to an ordinary IRA.

To be eligible for a precious metals IRA, you will need to meet certain requirements. The IRS states that you must be at least 18 and have earned income. Your earnings cannot exceed $110,000 per year ($220,000 if married and filing jointly) for any single tax year. You must also contribute regularly. These rules will apply regardless of whether your contributions are made through an employer or directly out of your paychecks.

You can use a precious metals IRA to invest in gold, silver, palladium, platinum, rhodium, or even platinum. You can only purchase bullion in physical form. This means you can't trade shares of stock and bonds.

To invest directly in precious metals companies, you can also use precious metals IRA. This option is available from some IRA providers.

However, investing in precious metals via an IRA has two serious drawbacks. First, they aren't as liquid than stocks and bonds. This makes them harder to sell when needed. Second, they don’t produce dividends like stocks or bonds. Therefore, you will lose more money than you gain over time.

Can I have a gold ETF in a Roth IRA

While a 401k may not offer this option for you, it is worth considering other options, such an Individual Retirement Plan (IRA).

Traditional IRAs allow contributions from both the employer and employee. Another option is to invest in publicly traded corporations with an Employee Stockownership Plan (ESOP).

An ESOP gives employees tax advantages as they share the stock of the company and the profits it makes. The tax rate on money that is invested in an ESOP is lower than if it was held in the employees' hands.

Also available is an Individual Retirement Annuity. You can make regular payments to your IRA throughout your life, and you will also receive income when you retire. Contributions to IRAs will not be taxed

How is gold taxed in Roth IRA?

Investment accounts are subject to tax based only on their current value and not the amount you originally paid. If you invest $1,000 into a mutual fund, stock, or other investment account, then any gains are subjected tax.

If you place the money in a traditional IRA, 401(k), or other retirement plan, there is no tax when you take it out. Only earnings from capital gains and dividends are subject to tax. These taxes do not apply to investments that have been held for more than one year.

These rules vary from one state to another. Maryland is an example of this. You must withdraw your funds within 60 calendar days of turning 59 1/2. Massachusetts allows you to wait until April 1. New York has a maximum age limit of 70 1/2. To avoid penalties, you should plan ahead and take distributions as soon as possible.


  • (Basically, if your GDP grows by 2%, you need miners to dig 2% more gold out of the ground every year to keep prices steady.) (
  • If you take distributions before hitting 59.5, you'll owe a 10% penalty on the amount withdrawn. (
  • Contribution limits$6,000 (49 and under) $7,000 (50 and up)$6,000 (49 and under) $7,000 (50 and up)$58,000 or 25% of your annual compensation (whichever is smaller) (
  • Gold is considered a collectible, and profits from a sale are taxed at a maximum rate of 28 percent. (
  • If you accidentally make an improper transaction, the IRS will disallow it and count it as a withdrawal, so you would owe income tax on the item's value and, if you are younger than 59 ½, an additional 10% early withdrawal penalty. (

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