Beverly Hills Precious Metals review to give our expert view on the precious metals company. This review will cover various aspects of the company, like its products and services, precious metals IRA (Individual Retirement Account), management team members, pros and cons, and costs and fees.
Bear Lake Gold is a company that reviews precious metals organizations to help our readers and investors choose the best gold companies that are most suitable, ethical, and profitable for doing business in the United States.
We employed our gold dealer review methodology while carrying out our review processes. As part of our review process, we contacted Beverly Hill’s customer care department to get real-time information about the company. In addition, we spoke to customers who have done business with the company and asked them about their experience.
We use the answers from these sources to form our unbiased opinion about Beverly Precious Metals. This review contains these answers, and they will help you decide whether investing in gold and other precious metals through Beverly Hills Precious Metals will be in your best interest.
Furthermore, the information we got from these sources about Beverly Hills Precious Metals was not satisfactory enough to make us rate them as one of the industry’s top thirty precious metals firms.
Over the years, we have reviewed different precious metals companies and carefully selected the top five companies that are the best for doing business in the industry. Hence, if you want to do business with the best precious metals dealers, we recommend you invest in gold through any of the following firms:
- Augusta Precious Metals
- Goldco
- American Hartford Gold
- Birch Gold Group
- Noble Gold Investments
We have rated these companies as the top five in the United States because when we reviewed them, we found out they had better gold IRA products and services than others in the industry. In addition, they have the best customer service departments to give you the best gold investing experience.
We have put all the details about these companies in five separate review guides for your education. To get them for free, please click the links below.
Overview of Beverly Hills Precious Metals Exchange
Beverly Hills Precious Metals is a precious metals dealer located in Beverly Hills, California. The company has been doing business since 2003. The company also offers gold IRA services. However, the company’s website does not detail the precious metals products it sells and the third-party custodian it partners with for IRA investment strategy.
To get detailed information about BHPM products and services, you would need to call its customer service department. When we spoke to the customer care service department, a representative told us they only give the available precious metal catalog to customers who want to make purchases.
However, the company’s website has a section called “History of Inflation.” This section allows customers and visitors to know more about economics. BHPM teaches investors why precious metals are the best investment for those who want to hedge against inflation.
Aside from the company’s undisclosed precious metal product catalog and gold IRA offerings, it does not reveal any information about the precious metal storage companies they have partnered with to offer storage solutions to interested clients.
Who Owns Beverly Hills Precious Metals Exchange
Andrew Sorchini founded Beverly Hills Precious Metals in 2003. Andrew is a precious metals expert with over 30 years of experience in the precious metals industry.
Over the years, prominent people in the United States have recommended Andrew and Beverly Hills Precious Metals as a trusted precious metals dealer. These prominent figures include General Flynn, Clay Clark, Peter Navarro, Lara Trump, etc.
In addition, Andrew has been invited to various shows in the United States to discuss precious metals investing.
Beverly Hills Precious Metals Exchange Cost and Fees
You will not find the company’s bullion prices and storage fees on its website. You will have to call its customer service department to determine the costs of its products and services.
Products and Services Offered by Beverly Hills Precious Metals Exchange
Buying Precious Metals
Beverly Hills Precious Metals sells precious metals products. However, as we mentioned, you will not see the available products for sale on its website. You must call the customer service department to find out which products are available for sale.
Selling Precious Metals
As a precious metal investor, if you want to liquidate the investments in your portfolio, you can sell your metals to Beverly Hills Precious Metals.
To sell to the company, you would first schedule a free consultation. You can schedule this consultation by filling out and submitting the contact form on the BHPM website or by calling the company’s phone number.
When you reach them, the next thing to do is inform the staff member you will speak to about your intention to sell your precious metal investments. When you tell the staff member the metals you want to sell, the person will give you a fair price quote.
Immediately after you and the staff member agree on the price quote, the company will mail the order details to you. This mail will contain a list of your inventory and the instructions for shipping. You can ship the metals to Beverly Hills Precious Metals when you get the mail.
Once BHPM receives the package and inspects the metals, it will pay you the agreed price.
Beverly Hills Precious Metals IRAs and Storage
Below are the Beverly Hills Precious Metals website details regarding precious metals IRAs and storage.
“It will involve a qualified third party, such as a bank, to hold the coins in a separate IRA account in your name. We are happy to walk you through the paperwork and, if applicable, contact your current IRA institution to expedite processing.”
“Most investors store their gold locally in a bank deposit box or a safe inside their home or business. If, for any reason, you do not wish to be bothered with storing your gold or are looking to be actively trading in and out of the market over the phone, we can set up a Gold Storage Account for you.”
Beverly Hills Precious Metals Exchange Payment Methods
- Bank Wire Transfers
- Check
- Major Credit Cards (Only for orders above $5000)
Beverly Hills Precious Metals Exchange Complaints, Online Reviews, and Customer Ratings
BCA
- No ratings
- No reviews
- No ratings
- No reviews
Trustpilot
- No ratings
- No reviews
- 3.9 out of 5 stars
- This rating was from 11 reviews.
Beverly Hills Precious Metals Exchange Promotions
Beverly Hills Precious Metals does not offer its clients any promotions now. Suppose you want to buy precious metals or open a gold IRA account through a gold IRA company that offers fantastic promotions. In that case, you can buy your precious metals investment through Goldco. Goldco will give you $10,000 in free silver when you open a precious metals IRA account with them and qualify for an IRA rollover.
Beverly Hills Precious Metals Exchange Pros and Cons
Pros
- They have been in the industry for two decades now.
- They have received endorsements from prominent figures in the United States.
- The founder has years of experience in the precious metals industry.
- Their website has a section that informs people about economics.
- They sell investment-grade metals for inclusion in your investment portfolio.
Cons
- They are not transparent with their products and services.
- They are not transparent with their costs and fees.
- They have poor user ratings and reviews on trusted consumer rating websites.
- They are not a BBB (Better Business Bureau) accredited business.
Conclusion
To conclude this review, Bear Lake Gold will give its final opinion about this precious metal company. First, Beverly Hills Precious Metals is not a scam company. The company is a precious metals dealer that has been selling precious metals products and gold IRA services to interested clients for over 20 years. As we mentioned, it is a precious metals dealer located in Beverly Hills, California.
However, BHPM is not the type of company we would recommend to precious metals investors for purchasing precious metals because it is not transparent about its products and services. In addition, they are not transparent with their fees. Hence, you would not know if you were paying more than the required amount for a product or service.
Furthermore, the company is not a BBB-accredited business; it has just a few reviews on various trusted consumer rating websites. Sometimes, this lack of rating could be because its customers are unsatisfied with its offerings and products.
Suppose you have decided to invest in gold and other precious metals through an IRA. In that case, we would recommend investing through the best precious metals companies in the industry. The following section contains the gold companies we have rated as the best in the industry. To learn more about them and start investing today, click the links in the next section to download their 2023 updated gold investment kit for free.
Our Recommended Beverly Hills Precious Metals Exchange Alternatives
Augusta Precious Metals
Read full Augusta’s review here.
Features
- Most trusted bullion dealer.
- Award-winning recognition for account lifetime customer service Money magazine’s “Best Overall” and Investopedia’s “Most Transparent” in 2022.
- Legendary customer service character.
- Experienced professionals and financial advisors to help you make the ideal financial decision.
- Only gold IRA firm with ZERO complaints at BBB, BCA since launching in 2012.
- Thousands of 5-star ratings and positive reviews from customers.
- Must-watch: Free web conference with an excellent focus on consumer education.
- Endorsement by high-income customers, including corporate ambassador Joe Montana, whose team found this company for him.
Goldco
Read the full Goldco review here.
Features
- 2nd Ranked Gold IRA dealer.
- Offers a wide range of gold and silver bullion.
- Top ratings from BCA, TrustPilot, and other third-party review sites and excellent customer reviews.
- Biggest promotions in the industry.
- Best buyback program.
- No high-pressure sales tactics.
- Most competitive pricing.
- Works with the most secure storage companies.
- Dedicated expertise in precious metals.
- Excellent customer service.
American Hartford Gold Group
Read the full Hartford review here.
Features
- Easy-to-open silver palladium IRA accounts with very competitive rates.
- Free storage, maintenance, and insurance for up to 3 years.
- Physical gold and silver will be delivered to your front door at no additional cost.
- A hassle-free process to buy back your precious metals with no fees.
- They do not share your information with any private or public entity.
Birch Gold
Read the full Birch Gold review here.
Features
- Top ratings from national consumer agencies.
- Opportunity to invest in palladium and platinum.
- For investments above $50,000, there is no fee in the first year.
- Exceptional customer service, support, and advice.
- A strong market presence and a history of nearly 20 years.
Noble Gold Investment
Read the full Noble Gold review here.
Features
- They have high ratings on more than one trusted customer rating site.
- Their team of investment experts will guide you to make the perfect choice for your gold investments.
- They offer competitive prices.
- They have a wide selection of gold and silver investments.
- Their minimum initial investment is $2000.
- They give their customers a free gold IRA guide.
- They have their IRS-approved storage facility in Texas.
Our Recommended Beverly Hills Precious Metals Alternatives
Augusta Precious Metals
Read full Augusta’s review here.
Features
- Most trusted bullion dealer.
- Award-winning recognition for account lifetime customer service Money magazine’s “Best Overall” and Investopedia’s “Most Transparent” in 2022.
- Legendary customer service character.
- Experienced professionals and financial advisors to help you make the ideal financial decision.
- Only gold IRA firm with ZERO complaints at BBB, BCA since launching in 2012.
- Thousands of 5-star ratings and positive reviews from customers.
- Must-watch: Free web conference with an excellent focus on consumer education.
- Endorsement by high-income customers, including corporate ambassador Joe Montana, whose team found this company for him.
Goldco
Read the full Goldco review here.
Features
- 2nd Ranked Gold IRA dealer.
- Offers a wide range of gold and silver bullion.
- Top ratings from BCA, TrustPilot, and other third-party review sites and excellent customer reviews.
- Biggest promotions in the industry.
- Best buyback program.
- No high-pressure sales tactics.
- Most competitive pricing.
- Works with the most secure storage companies.
- Dedicated expertise in precious metals.
- Excellent customer service.
American Hartford Gold Group
Read the full Hartford review here.
Features
- Easy-to-open silver palladium IRA accounts with very competitive rates.
- Free storage, maintenance, and insurance for up to 3 years.
- Physical gold and silver will be delivered to your front door at no additional cost.
- A hassle-free process to buy back your precious metals with no fees.
- They do not share your information with any private or public entity.
Birch Gold
Read the full Birch Gold review here.
Features
- Top ratings from national consumer agencies.
- Opportunity to invest in palladium and platinum.
- For investments above $50,000, there is no fee in the first year.
- Exceptional customer service, support, and advice.
- A strong market presence and a history of nearly 20 years.
Noble Gold Investment
Read the full Noble Gold review here.
Features
- They have high ratings on more than one trusted customer rating site.
- Their team of investment experts will guide you to make the perfect choice for your gold investments.
- They offer competitive prices.
- They have a wide selection of gold and silver investments.
- Their minimum initial investment is $2000.
- They give their customers a free gold IRA guide.
- They have their IRS-approved storage facility in Texas.