Beverly Hills Precious Metals Review: Fees, Complaints, and More

Beverly Hills Precious Metals Exchange (aka bh-pm.com) has been a prominent bullion dealer for years.

Founded in 2010 by industry veteran Andrew Sorchini, Beverly Hills Precious Metals (BHPM) has established itself as a unique player in the precious metals investment landscape. With a focus on personalized service and a patriotic ethos, BHPM caters to investors seeking both financial security and alignment with conservative values.

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Beverly Hills Precious Metals Products and Services

BHPM offers a range of services tailored to meet diverse investor needs:

• Direct sales of precious metals
• Precious metals IRAs
• Secure storage solutions
• Buyback programs

This comprehensive approach allows investors to engage with precious metals in various ways, from direct ownership to retirement planning.

Beverly Hills Precious Metals Exchange offers a broad selection of precious metals, specializing in gold, silver, and other metals for investment and collection purposes. Here’s a detailed overview of their offerings:

Gold Products

Beverly Hills Precious Metals provides an extensive range of gold investment options including coins and bars. They offer various forms of gold bars that are highly pure and are considered a smart choice for wealth preservation and growth. Their inventory includes both collectible coins and investment-grade bars, catering to a diverse range of financial objectives and preferences.

Silver Products

The company also features a comprehensive selection of silver coins, which include well-known pieces like the 1 oz Silver Britannia Coin, the Peace Silver Dollar, and the Morgan Silver Dollar. They focus on high-purity silver coins, which are popular for both their collectible and investment value. Silver offerings are designed to be accessible, providing a straightforward purchase process that ensures security and customer satisfaction.

Purchase and Delivery

Beverly Hills Precious Metals simplifies the buying process for their customers, providing secure and straightforward transactions. They offer direct delivery options where gold and silver purchases are sent right to your doorstep, ensuring the transactions are not only convenient but also secure, with all shipments being fully insured.

Special Features

They are known for their personalized service, offering virtual consultations to help clients understand their investment options and make informed decisions. The company prides itself on its educational approach, providing customers with the knowledge needed to make sound investment choices in precious metals.

Beverly Hills Precious Metals emphasizes customer satisfaction through a user-friendly platform, enabling clients to easily manage their investments in precious metals and enhance their portfolios with tangible assets.

For anyone interested in learning more about their specific offerings or starting an investment in precious metals, Beverly Hills Precious Metals Exchange provides a solid platform with a strong focus on security, customer education, and personalized service.

Personalized Service Model

One of BHPM’s distinguishing features is its emphasis on personalized service:

• Clients are required to call for pricing and transactions
• Educational resources are provided to help clients understand precious metals investing
• Quick buying and delivery processes ensure efficient service

This approach, while potentially limiting for those preferring online transactions, ensures that each client receives tailored advice and support.

Patriotic and Freedom-Oriented Approach

BHPM has positioned itself uniquely in the market with its patriotic focus:

• Caters specifically to “patriotic and freedom-loving clients”
• Endorsed by conservative figures like General Michael Flynn, Peter Navarro, and Lara Trump
• Emphasizes wealth preservation through tangible assets as protection against inflation and economic instability

This approach has garnered a loyal following among conservative investors seeking alternatives to traditional financial systems.

Beverly Hills Precious Metals Exchange Fees and Pricing

Beverly Hills Precious Metals Exchange adopts a personalized approach to pricing, focusing on consultations to tailor pricing and fees to individual customer needs. Here’s a detailed look into the typical costs associated with their services:

Premiums Over Spot Price

Like most precious metals dealers, Beverly Hills Precious Metals Exchange adds a markup over the current market (spot) price of metals. This premium covers the costs associated with procuring, handling, and delivering the metals. The actual premium rate can vary depending on the type and quantity of metal purchased.

Shipping and Insurance Fees

The company charges for shipping, which includes insurance to protect the shipment against loss or damage while in transit. This fee ensures that your investment is securely delivered to your chosen location.

IRA Setup and Maintenance Fees

For clients opting for precious metals IRAs, Beverly Hills Precious Metals Exchange provides assistance in setting up and maintaining these IRAs. Fees for these services often include initial setup charges and annual maintenance fees. These are designed to cover the administrative tasks associated with managing a self-directed IRA.

Storage Fees

If customers do not wish to store their metals at home or in personal safety deposit boxes, Beverly Hills Precious Metals Exchange offers third-party storage solutions. These fees depend on the value and quantity of the metals stored, providing secure and insured storage options.

Customized Financial Consultation

Recognizing that each investor’s needs and goals are different, Beverly Hills Precious Metals Exchange emphasizes a customized approach. They encourage prospective buyers to discuss their investment objectives with an account executive who can recommend suitable products and strategies. This service aims to match investors with the most appropriate options for their portfolios, taking into account factors such as investment goals, risk tolerance, and financial situation.

Transparency and Additional Costs

During consultations, all potential fees and charges are discussed openly to ensure transparency. This approach allows customers to understand fully all costs involved before making any investment.

Competitive Pricing and Storage Options

Despite its niche focus, BHPM remains competitive in the market:

• Offers competitive rates while maintaining its personalized service model
• Provides flexible storage options, including local storage and Gold Storage Accounts
• Charges an annual storage fee of 0.75% of the current ask value of assets or a flat fee of $15, whichever is higher

Limitations and Considerations

Potential investors should be aware of certain limitations:

• Primarily offline transactions may not suit all investors
• Domestic focus limits international accessibility
• The patriotic approach may not appeal to all investor demographics

Beverly Hills Precious Metals Reviews, Complaints, and Reputation

Beverly Hills Precious Metals Exchange generally receives mixed reviews across different platforms. While some customers commend the company for its knowledgeable staff and personalized service, others express concerns about the lack of transparency and inconsistencies in customer service.

Customer Reviews and Feedback:

• Google Reviews: Beverly Hills Precious Metals Exchange has a moderate rating on Google, with some reviews praising the company’s customer service and expertise. However, the number of reviews is relatively low, which might not provide a comprehensive view of the company’s performance.
• Better Business Bureau (BBB): The company does not have BBB accreditation and the reviews are limited but generally positive.
• Business Consumer Alliance (BCA): It has an AAA rating from BCA, indicating a good track record in customer satisfaction.

Observations:

• Strengths: Many reviews highlight the company’s strong customer service and the expertise of its staff, which can be particularly beneficial for those new to precious metals investing.
• Areas for Improvement: Concerns have been noted regarding the lack of pricing transparency and difficulties in accessing customer service. This could pose challenges for customers looking to compare prices or needing timely support.

Beverly Hills Precious Metals Review: Conclusion

Beverly Hills Precious Metals offers a unique proposition in the precious metals investment space. By combining personalized service, a patriotic ethos, and comprehensive investment options, BHPM has carved out a niche for itself. While its approach may not suit every investor, those seeking a hands-on, personalized experience with a conservative bent may find BHPM to be an attractive option for diversifying their portfolio with precious metals.