Buying precious metals for home storage or within an IRA is a great diversification of your retirement savings. When you own physical gold or silver versus paper gold like ETFs, stocks, or mutual funds you are protecting your wealth through diversification.
Once you own your bullion you can manage it how you please. Education and understanding are key to physical metals ownership. Taking the time to educate yourself on the different online dealers, like Guidance Corporation, or IRA dealers like Goldco that specialize in asset preservation through education, is important to making the right buying decisions for your portfolio.
Before we get started with the Guidance Corporation Review:
It's tough to determine which precious metals dealer is reputable and reliable for your investment needs. The Plug aims to provide you with as much useful information as possible to shorten your decision-making process.
The Best Gold IRA Dealers want to educate and inform their clients. We've broken down a list of the Top Gold and Silver IRA Companies for your review.
Check out The Plug's list of the 5 Best Gold IRA Companies and find out which companies we rank highest.
Our #1 recommendation is giving away a FREE Gold Investing Kit! Get yours by Clicking the Button Below:
Protect & Secure Your IRA/401(k)
What is Guidance Corporation?
When you are looking for online gold and silver dealers, Guidance Corporation is a one-stop shop for buying and selling coins, bars, numismatics, and rare coins.
Looking for circulated or non-circulated coins? The coin experts at Guidance Corporation don't work on sales commissions. They offer advice and satisfaction and understand these come first before profits.
As a family-owned and operated business, Guidance Corporation touts its slogan as "We're The Internets Low Price Leader For Monster Boxes".
Buyers looking for the best prices on gold and silver should shop the website to find current offerings, special deals, and pricing.
With 35 years in the precious metals business, this family-owned business has the means to offer the best pricing and they can help buyers track down those rare coins or numismatics to complete a series or just add to a home collection.
What Bullion Products Are Available?
As a full-service dealer, Guidance Corporation offers a lineup of gold, silver, platinum, and palladium products. You can purchase coins in Monster Box collections or individual rounds, bars, and coins.
Best Selling Products:
Itemized out for buyers are the Best Products Available. Those include the 2023 American 1oz Silver Eagles, Silver American Eagle Rolls of 20 Coins, 2021 500-Coin Silver Eagle Monster Box-Type 1, 2023 1oz Gold Canadian Maple Leaf .9999, 2023 1oz Gold American Eagle Coins, Silver Britannia Sealed Monster Box, Silver Austrian Philharmonic Monster Box - Mint Sealed, and others.
Gold bullion from sovereign mints includes these coins; Gold American Eagles, American buffalo, Canadian Maple Leaf, Austrian Philharmonic, South African Krugerrand, Chinese Panda, and Australian Kangaroo.
Gold Bullion Bars are of the highest quality with a minimum of .999 purity. Sizes of gold bars are from 1 gram to 5 kilograms. Gold bars are purchased as an alternative to rounds and coins for their larger gold content and lower premiums. Gold bars are available for home storage or IRA purchase.
Gold bullion that qualifies for IRA investment must be of the highest purity level. Gold must be .995 or 99.5% pure to be qualified. Not all products minted will be allowed by some custodians in an IRA. Consult your custodian for more specifics about which metals they allow.
Silver bullion is an excellent option for those buyers looking to buy precious metals but doesn't have the money to purchase gold in bulk quantity. Based on the current spot price of silver, you can purchase approximately 78:1 silver vs gold troy ounces.
Silver options include Monster Boxes, United States Mint Silver, Mexican Mint Silver, Silver Rounds, Royal Canadian Mint Silver, South African Mint, Perth Mint, Austrian Mint, Chinese Mint, Royal Mint, and a variety of silver bars from various mints.
Silver is an excellent precious metal to purchase and is the least expensive. Giving beginner gold stackers and seasoned professionals the availability and liquidity needed. In addition, in comparison to silver products, silver bars can have the smallest premiums in some cases. Larger quantities of silver being purchased will have prices nearer to the current spot price of silver.
When buying precious metals you want to purchase items that are well-known and have the highest buyback opportunity. Metals purchased nearest to the current spot price will have the potential for the highest returns over time.
Silver purchased for IRAs must be of the highest quality. Quality and purity levels must be .999 or 99.9% pure.
Platinum, Palladium, and Rhodium Bullion:
Platinum and Palladium are two of the four precious metals allowed with a self-directed IRA.
GC offers the following platinum products; American Platinum Eagle, Austrian Platinum Philharmonic, Royal Mint Platinum, Platinum Canadian Maple Leaf, Perth Mint Platinum, and Platinum bars.
Palladium products include; United States Mint Palladium American Eagles, Russian Mint Palladium Ballerina, Palladium Maple Leaf, Palladium Chinese Products, and Palladium Bars.
Platinum and Palladium products that qualify for a self-directed IRA must be of the highest quality. Purity levels for these products are required to be .9995 or 99.95% pure.
World Gold Bullion:
Guidance Corporation offers a variety of gold products from around the world. If you are a collector looking for a unique piece check out their website. Here are a few of the items you might find; Austrian Gold, Belgian Gold, British Gold, Dutch Gold, Finnish Gold, French Gold, German Gold, Hungarian Gold, Italian Gold, Mexican Gold, Russian Gold, South African Gold, Swedish Gold Swiss Gold, Tunisian Gold, along with North American Gold.
Items found under this category include $10 Indian, $5 Indian, $3 Princess, $20 St. Gaudens, $20 Liberty, $10 Liberty, $5 Liberty, and much more.
You can also shop by coin grade; MS-61, MS-62, MS-63, MS-64, MS-65, BU, AU, XF, and VF.
What Services Does Guidance Corporation Offer?
As an option to buy bullion from GC, you may also choose to sell your metals or open an IRA. They offer the convenience investor are looking for in a full-service precious metals dealer.
One of the benefits of the Guidance Corporations website is its current pricing. While they indicate their offer the Guaranteed Best Pricing, you can check out their offerings and current pricing right on their website.
There is no indication of quantity available when you purchase online, but you can see current pricing based on the current spot price of the metals. When buying coins, you can get a discount for larger Monster Box purchases.
Sell to GC:
Guidance Corporation is a full-service precious metals dealer. They are open to purchasing your numismatics, rare coins, and bullion. In addition, they could be a good source to sell your unused jewelry. Get a great offer and know they are interested in buying your metals no matter where it was originally purchased.
On the "Sell to Us" page you can see a current Estimated Price for different Gold, Silver, and Platinum Bullion.
This grid provides details for specific coins but contact them directly if you don't see a coin you are looking to sell.
If you are interested in buying a single coin or a Monster Box through your self-directed IRA, then know Guidance Corporation is a viable source. No matter if you currently have a SDIRA or want to start a new one they are capable of helping you through the process.
The IRA Experts at Guidance Corporation can walk you through starting a new Precious Metals IRA. There are three easy steps to get started:
- Open Your Custodian Account
- Fund Your Custodian Account
- Purchase IRA-approved Precious Metals
Guidance Corporation has worked with GoldStar Trust Company, Equity Trust, Kingdom Trust, Strata Trust Company, and The Entrust Group in the past and would recommend any of these options.
Investing through a self-directed precious metals IRA the products must adhere to the highest purity standards. In addition, several of the custodians will only allow certain metals from certain Mints. ISO 9001 may be a requirement for a trust or custodian to purchase metals from that mint. Therefore, check with your custodian regarding their requirements.
- Gold IRA Products mt be .995 pure
- Silver IRA Products must be .999 pure
- Platinum Products must be .9995 pure
- Palladium Products must be .9995 pure
You can choose to purchase bars, rounds, or coins as long as they meet the IRA/IRS requirements.
What To Know About IRA Investing?
When investing in precious metals using your IRA you must follow the requirements of the IRS for IRA products.
The benefit of gold and silver purchases through an IRA is the ability to own physical metals. Holding physical metals gives buyers long-term opportunities for price appreciation while holding physical assets.
Traditional IRAs and Roth IRAs along with your current employer's retirement plan are not able to own physical assets. The Self-Directed IRA opens up opportunities that other retirement plans do not.
As previously mentioned when buying physical metals for your IRA you must adhere to the IRS requirements of purity. You cannot purchase rare coins, numismatics, or collector bullion. The typical purchase is bullion silver and gold coins and bars.
While a self-directed IRA is a retirement account in that you choose the investments, you cannot open an SDIRA personally. You are required to use a custodian. Custodians do not recommend investment choices, like a traditional IRA broker might, the custodian only facilitates the paperwork and keep your purchases in line with the IRS and their business requirements. Gold IRA Companies have custodians they work with and in many cases, the fees are reduced or waived for using a approved Gold Dealer.
A depository is a secured storage facility. IRS requires the individual beneficiaries of the SDIRA account cannot have immediate access to the metals. You will need to store all metals in a depository. Work with your precious metals dealer as they most likely have a depository they work with or can recommend.
Is Guidance Corporation a Reputable Precious Metals Dealer?
In our research, there were no glaring issues found for Guidance Corporation and its reputation. Reviews appear to be favorable with no major complaints found on the BBB website.
The BBB has Guidance Corporation as an A+ Accredited Business. They have been Accredited Since 11/19/2021. There are 10 customer reviews with a 5-star overall rating.
On the website for Guidance Corporation, they show ShopperApproved ratings. They have a 4.8-star overall rating with 960 reviews. The 3-star ratings typically are the following issues; slow website, took longer than expected for receipt of items, no signature was given for package, communication was fair and difficult.
How to Get Ahold of Guidance Corporation
Getting in contact with Guidance Corporation:
Phone: 1-800-526-7765 / 952-525-1330
Location: 2709 Crestwood Circle #1500 Minnetonka, MN 55305-2758
Final Thoughts On Guidance Corporation
When it comes to comparison shopping online coin dealers we believe Guidance Corporation is a good option. You can compare pricing, check out available products, and see what's new or special buys.
Precious metals buying should be based on a strict process or investment guideline. Buying gold or silver, "just because" is not supported. The Plug believes buyers who are educated and knowledgeable get the most out of their purchasing decisions.
Find out more about Guidance Corporation on their website - Click Here and we'll send you over!
Do your own due diligence before buying or working with any online dealer. Check premiums, shipping fees, IRA fees, and more.
For IRA investing, The Plug does not recommend Guidance Corporation. We believe when investing your hard-earned retirement savings you should work with the most reputable companies that educate before they sell products. True Precious Metals IRA companies educate their customers and clients on the benefits of owning physical precious metals. We don't believe Guidance Corporation does enough to educate and inform.