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If you are interested in venturing into the precious metals industry, you might’ve felt overwhelmed with the many options you can go with when it comes to dealers and custodians. Cornerstone Asset Metals, situated in Florida, is one option that has been assisting clients since 2008.
This article will provide a full review of this company and what they offer, taking into account the products they sell, its customer satisfaction, and its reputation in the industry. To assist you in determining if doing business with them is the best option for your financial needs, we will also discuss the benefits and drawbacks of doing so. Read on to know more about them!
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Overview of the Company
Terry Sacka founded Cornerstone Asset Metals in 2008 with the goal of providing investors with a reliable way to grow and protect their wealth. With more than 20 years of expertise in the financial sector, you can be sure that he is a specialist in precious metals investing. Aside from this, he was also featured at financial conferences and seminars and worked with some of the biggest financial companies in the world, including Morgan Stanley.
He believed that alternative assets, such as gold and silver, were an essential component of a well-diversified portfolio and could offer numerous benefits. Thus, the company has developed into one of the most reputable names in the industry under Sacka's direction and guidance. They remain devoted to their aim of assisting clients in protecting their wealth and achieving their financial goals through wise, strategic investments in this sort of asset, and they now continue to grow their offerings and services to meet the changing demands of their clients.
Products Offered by Cornerstone Asset Metals
Cornerstone Asset Metals is well known for offering products for customers to choose from. They aim to accommodate and suit the needs of every investor through a wide range of coins, bars, and even IRAs. They are proud to source most of their physical precious metals from an LBMA-approved refinery.
Precious Metals
The company provides a diverse selection of popular gold and silver coins, such as the American Gold Eagle. These are IRA-approved so you don’t have to worry whether its products are eligible to be held in an individual retirement account. However, unlike other larger companies, they do not offer platinum or palladium products as these are more expensive and rare. Also, their website does not display the products they have for sale and their prices, which may be a concern for some. However, clients can always ask for assistance from their approachable staff if ever they have any queries.
IRA Services
In addition to its tangible products, it takes pride in providing exceptional advisory services related to IRA investments, catering to individuals seeking to expand their portfolio.
Steps to Diversify Your IRA
Customer Service
The quality of a dealer's customer service is one of the most crucial things to take into account when making your decision of working with them. Fortunately, it appears that Cornerstone Asset Metals prioritizes this, at least that’s what they claim.
Based on its website, it provides numerous options to talk with its staff, such as live chat, email assistance, and phone calls. This group of specialists is open to assisting and guiding clients in terms of their assets and wealth preservation.
The company also offers a variety of educational tools on its website in addition to its customer support services. This includes articles on how to put money in the industry, market updates, and perceptions of the most recent developments in the sector. Whether or not you will be availing services and products of the company, it also offers a free precious metals guide so that clients can make informed decisions. Thus, the company is very appealing to novice investors who are just beginning their journey as they offer a vast amount of educational resources.
However, there are clients that expressed their dismay with the company’s unresponsiveness, especially in handling concerns and complaints. A customer even gave it a 1-star review on Google as no one responded to her despite calling several times.
Reputation
When it comes to precious metals dealers, reputation is everything. The company is not accredited by the Better Business Bureau, which may be a concern and a potential red flag for some. It’s better to be safe than sorry and avoid transacting with companies that do have little to no reviews and accreditation. Note that there are also negative testimonials about the company across different review sites. One of which is the fact that they have hidden charges. A user on Google pointed out that the company charges an 18% markup on their products and another 4% to sell the products back to them.
Benefits and Drawbacks of Transacting with Cornerstone Asset Metals
Like any company, there are advantages and disadvantages involved in working with Cornerstone Asset Metals and purchasing their products. Here are some of the pros and cons to consider:
Pros
Cons
In summary, it's important to consider these benefits and risks when making your decision and determine if they align with your investment goals and preferences. By doing so, you are saving yourself from unnecessary headaches and instead enjoy a quick and easy process investing experience.
How to Transact with Cornerstone Asset Metals
If you are interested in purchasing precious metals from Cornerstone Asset Metals, the process is relatively straightforward. Here are the steps you need to follow:
If you have any questions or concerns about your order, you can contact their customer service team for assistance. Overall, buying from Cornerstone Asset Metals is a straightforward process, and their staff is available to help you every step of the way, so you’ll always be satisfied with them.
Is Cornerstone Asset Metals a Legitimate Company?
While Cornerstone Asset Metals has been around for over a decade and appears to be legitimate, there are still some questions that arise about its services, which may cause some to wonder if they are a scam or not. Thankfully, the company is legitimate and there is no major evidence that suggests they are a scam.
One of the biggest concerns that people have about Cornerstone Asset Metals is the lack of reviews available online. While there are some positive reviews to be found, there are also negative testimonials to take note of. This can be a red flag for those who are considering investing a large sum of money in the company. Without a sufficient number of reviews, it can be difficult to get a sense of how previous clients have experienced working with the company and whether it is true to its claims of good customer service.
Another concern that some investors may have is the limited selection of precious metals available through the company. While gold and silver are popular investment options, platinum, and palladium are also valuable metals that investors may want to consider adding to their portfolios. However, the company does not offer these metals as options, which may limit the opportunities available. This can also hinder clients from diversifying their portfolios.
Despite these concerns, there are some positive aspects to working with Cornerstone Asset Metals. The company has over a decade of experience in the precious metals industry, which can be reassuring for those who are new to investing in this asset class.
For those who are interested in setting up a Precious Metals IRA, Cornerstone Asset Metals offers a range of services to help make the process as smooth as possible. They have a team of experts who can guide investors through each step of the process, from setting up the account to choosing the right precious metals to invest in.
Overall, while there are some concerns about Cornerstone Asset Metals, such as the limited reviews and the lack of platinum and palladium investment options, it is not a scam. They are a genuine precious metals dealer that offers a range of services to help clients invest in precious metals, and they appear to be committed to helping them make the best investment decisions possible. As with any investment, it's important to do your own research and carefully consider your options before making a decision to invest in this company
Final Thoughts
Precious metals investments can be a wise choice for portfolio diversification and wealth protection against inflation and other economic risks. To make sure you are getting high-quality goods at reasonable pricing, it's crucial to work with a reputed precious metals dealer. Cornerstone Asset Metals does offer precious metals products but they certainly are not the company you’d want to work with.
Thus, if you are looking to invest in precious metals, it’s best that you consider a company that stays true to its word and has a proven track record. Lastly, always take the time to read customer reviews, and if there is not a lot available, then take it as a warning sign and look for a different dealer to work with.
Thus, if you are looking to invest in precious metals, it’s best that you consider a company that stays true to its word and has a proven track record. Lastly, always take the time to read customer reviews, and if there is not a lot available, then take it as a warning sign and look for a different dealer to work with.
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