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Last Updated on November 19, 2023
In recent years, the demand for investing in precious metals has seen a steady rise, especially during times of economic uncertainty.
Precious metals investments are considered a safe and reliable way to protect your wealth from inflation and economic turbulence. ITM Trading is a reputable company that specializes in precious metals investments, including Precious Metals Individual Retirement Accounts (IRAs).
This comprehensive review will provide you with a detailed analysis of ITM Trading, its services, and whether it is the right choice for your investment needs.
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What is ITM Trading?
ITM Trading is a leading precious metals dealer and investment firm that specializes in offering various investment-grade gold, silver, platinum, and palladium products.
Established in 1995, the company has gained extensive experience in the industry, providing expert advice to its clients on wealth preservation and strategic diversification through precious metals.
ITM Trading’s team of experienced professionals is dedicated to providing top-notch customer service and customized investment strategies to suit individual needs.
What Precious Metals Does ITM Trading Offer?
ITM Trading offers a wide range of precious metals products to suit different investment goals and preferences. The precious metals offered by ITM Trading include:
- Gold: ITM Trading offers investment-grade gold bars and coins, such as American Gold Eagles, Canadian Gold Maple Leafs, and South African Krugerrands. They also provide gold bars from reputable mints like the Perth Mint and PAMP Suisse.
- Silver: Investors can choose from a variety of silver coins, such as American Silver Eagles, Canadian Silver Maple Leafs, and Australian Silver Kangaroos. ITM Trading also offers silver bars from reputable mints and refiners.
- Platinum: ITM Trading provides platinum coins, like the American Platinum Eagle and Canadian Platinum Maple Leaf, as well as platinum bars from various mints.
- Palladium: The company offers palladium bars from recognized mints and refiners for investors interested in diversifying their precious metals portfolio.
ITM Trading Precious Metals IRA
A Precious Metals IRA is a self-directed Individual Retirement Account that allows investors to hold eligible physical precious metals within their retirement account. I
TM Trading offers a comprehensive Precious Metals IRA service, assisting clients with the entire process from account setup to the purchase and storage of their precious metals investments.
How to Set up an ITM Trading IRA
Setting up a Precious Metals IRA with ITM Trading is a straightforward process:
- Consultation: Speak with an ITM Trading representative to discuss your investment goals and determine if a Precious Metals IRA is suitable for you.
- Open an IRA account: ITM Trading will guide you through the process of opening a self-directed IRA account with a trusted custodian that specializes in precious metals.
- Fund your account: Transfer or rollover funds from an existing retirement account or make a new contribution.
- Purchase precious metals: Select the desired precious metals for your IRA and complete the purchase through ITM Trading.
- Storage: Your precious metals will be securely stored in an IRS-approved depository.
Should You Consider Investing in Precious Metals?
Investing in precious metals can provide several benefits, including:
- Portfolio diversification: Precious metals investments can help diversify your portfolio, reducing the overall risk and protecting against inflation and economic downturns.
- Hedge against inflation: Precious metals tend to retain their value over time, making them a suitable hedge against inflation.
- Liquidity: Precious metals are easily tradable, ensuring that investors can quickly convert their investments into cash when needed.
- Long-term growth potential: Precious metals have shown a historical trend of long-term growth, making them a viable investment for those looking to grow their wealth over time.
Should You Consider Opening a Precious Metals IRA?
A Precious Metals IRA can be a valuable addition to your investment strategy if:
- You are looking for a tax-efficient way to invest in precious metals: A Precious Metals IRA allows you to invest in eligible gold, silver, platinum, and palladium on a tax-deferred basis, providing potential long-term tax savings.
- You want to diversify your retirement portfolio: Adding precious metals to your retirement account can help diversify your investments and protect your wealth against market fluctuations and economic uncertainties.
- You are concerned about inflation and economic instability: Precious metals have historically served as a hedge against inflation and economic turmoil, providing a layer of protection for your retirement savings.
Who Owns ITM Trading?
ITM Trading is a privately held company. The founder and CEO of ITM Trading is Craig Griffin, who has extensive experience in the precious metals industry and is dedicated to providing investors with transparent, reliable, and personalized service.
Where is ITM Trading Located?
ITM Trading is headquartered in Phoenix, Arizona. Their office address is 14500 N. Northsight Blvd., Suite 204, Scottsdale, AZ 85260.
ITM Trading Pros and Cons
Pros
- Expertise: ITM Trading has over two decades of experience in the precious metals industry, providing clients with a wealth of knowledge and guidance.
- Wide range of products: ITM Trading offers a diverse selection of investment-grade precious metals, including gold, silver, platinum, and palladium.
- IRA services: The company provides comprehensive Precious Metals IRA services, assisting clients throughout the entire process.
- Educational resources: ITM Trading offers educational materials and resources to help investors make informed decisions about their precious metals investments.
Cons
- Limited online presence: ITM Trading’s website lacks some features and functionalities compared to competitors, which may make it more challenging for some investors to navigate and access information.
- No online purchase option: Investors must contact ITM Trading directly to make purchases, as there is no option to buy precious metals directly through their website.
ITM Trading BBB Rating and Complaints
ITM Trading holds an A+ rating with the Better Business Bureau (BBB) and has been accredited since 2004. The company has a relatively low number of complaints, considering its long history in the industry. Most complaints filed with the BBB have been resolved to the satisfaction of the customers.
Is ITM Trading Legit?
Yes, ITM Trading is a legitimate and reputable precious metals dealer with a long-standing history in the industry.
The company is accredited by the BBB and has an A+ rating, reflecting its commitment to providing excellent customer service and maintaining high ethical standards.
ITM Trading Alternatives
Goldco, Augusta Precious Metals, and American Hartford Gold are three reputable precious metals dealers that offer a variety of services, including Precious Metals IRAs.
Each of these companies has its strengths and unique features, making them viable alternatives to ITM Trading. Here’s a detailed look at why these three companies are worth considering:
1. Goldco
Goldco is a leading precious metals firm that specializes in Gold and Silver IRAs. They have a strong reputation in the industry for their exceptional customer service and knowledgeable staff.
Why Goldco is worth considering:
- Expertise: Goldco has a team of experienced professionals who are well-versed in precious metals investments and can guide investors through the process of setting up and managing a Precious Metals IRA.
- Excellent customer service: Goldco is renowned for its outstanding customer service, which includes personalized attention and prompt responses to client inquiries.
- Competitive pricing: Goldco offers competitive pricing on its precious metals products, helping investors maximize their investment potential.
- Educational resources: Goldco provides a wealth of educational materials and resources, including webinars, eBooks, and blog articles, to help investors make informed decisions about their investments.
Learn more and get free Goldco investing kit
2. Augusta Precious Metals:
Augusta Precious Metals is a reputable precious metals dealer that focuses on gold and silver investments, including Precious Metals IRAs. The company is known for its transparency and commitment to customer satisfaction.
Why Augusta Precious Metals is worth considering:
- Dedicated customer support: Augusta Precious Metals assigns a dedicated customer success agent to each client, ensuring personalized attention and support throughout the investment process.
- Transparent pricing: The company is known for its transparent pricing, which helps investors avoid hidden fees and charges that can negatively impact their investment returns.
- Educational resources: Augusta Precious Metals offers comprehensive educational resources, including webinars, videos, and articles, to help investors understand the benefits and risks associated with precious metals investments.
- Storage options: The company provides a variety of storage options for its clients’ precious metals investments, including domestic and international storage facilities.
Learn more and get free Augusta investing kit
3. American Hartford Gold
American Hartford Gold is a reputable precious metals dealer offering a wide range of gold, silver, platinum, and palladium products, as well as Precious Metals IRAs.
Why American Hartford Gold is worth considering:
- Diverse product offerings: American Hartford Gold offers an extensive selection of precious metals products, giving investors the flexibility to choose the best options for their investment goals.
- Streamlined IRA process: The company simplifies the process of setting up a Precious Metals IRA, making it easy for investors to diversify their retirement portfolios with gold and silver.
- Competitive pricing: American Hartford Gold offers competitive pricing on its precious metals products, ensuring that investors get the best value for their money.
- Strong customer support: The company provides top-notch customer service, with knowledgeable representatives available to assist clients with their investment needs.
Learn more and get free AHG investing kit
Goldco, Augusta Precious Metals, and American Hartford Gold are three reputable alternatives to ITM Trading, each with its unique strengths and offerings.
When considering a precious metals dealer, it is essential to evaluate each company’s expertise, product offerings, pricing, and customer service to determine which best aligns with your investment goals and preferences.
Summary
ITM Trading is a reputable and experienced precious metals dealer that specializes in offering a wide range of investment-grade gold, silver, platinum, and palladium products, as well as comprehensive Precious Metals IRA services.
With over two decades of experience in the industry, ITM Trading has established itself as a reliable provider of precious metals investment solutions, backed by a knowledgeable team of professionals and a strong commitment to customer service.
While the company has some limitations in terms of its online presence and purchasing options, its overall reputation, expertise, and diverse product offerings make it a solid choice for investors considering diversifying their portfolios with precious metals.
Whether you are looking to invest in physical precious metals or open a Precious Metals IRA, ITM Trading is worth considering as a trusted partner for your investment needs.
