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Investing in precious metals is an attractive option for those seeking a stable and secure investment opportunity. However, it requires a reliable company or custodian to manage your assets. One of the well-known names in the industry is Red Rock Secured. It is a precious metals investment company in California that specializes in offering physical gold and silver, and precious metals IRAs. But with many companies in the market, it can be challenging to determine whether Red Rock Secured is ideal for you
This article aims to provide an in-depth review of Red Rock Secured to help potential customers make informed decisions. In this review, we will examine the company's reputation and provide insights into its options, customer service, and security measures.
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Background of Red Rock Secured
Red Rock Secured was founded in 2009 by Sean Kelly, a veteran of the precious metals industry. Based in El Segundo, California, the company has established itself as a reputable and trusted provider of precious metal options.
Vision and Mission
Protecting your retirement savings and ensuring a diverse portfolio that can withstand market volatility is surely a top priority. The company understands this need and is committed to providing you with the knowledge, resources, and products you need to safeguard your financial future. Here are the values they adhere to.
All in all, the company aims to provide customers with diverse, and innovative investment opportunities in precious metals. They are committed to building long-term relationships with clients and delivering exceptional customer service.
Investment Options
Red Rock Secured offers a range of investment options for those interested in holding precious metals. Here's an overview of the various options offered by the company, as well as the benefits and risks associated with each option.
Physical Precious Metals
Physical gold, silver, platinum, and palladium are the most common types of bullion when it comes to investing in precious metals. You can purchase these coins, bars, and rounds from Red Rock Secured, and store them at home or in a storage facility. You can choose from the company’s high-quality products such as the American Eagle, Canadian Red-Tailed Hawk, and American Buffalo Coin. Aside from this, you can also buy "junk" silver from the company, which are US coins containing 90% silver and could be used as a fractional silver option.
Gold and Silver IRAs
Red Rock Secured also offers gold and silver IRAs, which allow you to hold precious metals in your tax-advantaged retirement accounts. However, it's worth noting that there are IRS restrictions when it comes to holding precious metals in an IRA. One such restriction is that your assets must meet a certain level of purity and fineness. For example, gold bars must be at least 99.5% pure and silver bars must be at least 99.9% pure to be eligible for inclusion in an IRA. You don’t have to worry about this as the company ensures that all of its metal products are IRA-eligible.
Numismatic Coins
Red Rock Secured also offers numismatic coins, which are rare and collectible coins that have a value beyond their metal content. The company offers a collectible gold coin which is the 2021 $10 ¼ OZ. Red-Tailed Hawk
How to Invest with Red Rock Secured
It's important to note that while Red Rock Secured offers a variety of products, each client’s financial situation is unique. Therefore, it is essential to speak with a representative to determine the best strategy for your specific needs.
Don’t worry! If you are new to investing in precious metals, the team at Red Rock Secured will teach you everything you need to know. They easily explain the various types of precious metals available for investment, the potential risks and benefits of each, and how to choose the right strategy for your individual needs and goals.
Additionally, the company provides access to an extensive library of educational resources, including articles, videos, and webinars, to help you expand your knowledge and make informed decisions. You can find all these helpful materials on their website.
If you are interested in investing in precious metals through Red Rock Secured, the following steps can help you get started:
Customer Service
Red Rock Secured prides itself on its commitment to excellent customer service. The company offers a variety of channels for clients to contact their customer service team, including phone and email. Additionally, the company's website contains everything clients need to make informed decisions, including educational resources such as guides and market updates.
Customer Reviews
When considering investing with a company like Red Rock Secured, it's essential to examine customer reviews and feedback to gain insight into the company's reputation and customer satisfaction ratings.
Overall, it has received positive reviews from customers. Many customers have praised the company's customer service, professionalism, and knowledge of the industry. Some customers have reported significant returns on their investments and have recommended the company to others.
However, an issue worth noting is the company’s reviews on Trustlink.org, where almost all positive reviews have been downgraded to 1 star with the label "Fake Review" next to them. This seems unusual and raises some questions about the review site.
Despite these concerns, The company has maintained an overall positive reputation in the industry. This can be seen in its A+ rating from the Better Business Bureau which has been recognized by industry publications for its commitment to customer service and professionalism.
Industry Accolades
Red Rock Secured has received several industry awards and recognitions for its exceptional products and services. One of these is being ranked in the top 4% of Inc. 5000's Fastest-Growing US Companies. This prestigious recognition showcases the company's impressive growth and success in the market. Additionally, the company was featured in Fortune Magazine’s 2023 Investor Guide, which further solidifies its reputation as a top player in the industry. These accolades set it apart from its competitors, showcasing its commitment to providing exceptional service to its clients and their success in the market.
Fees Involved
No Custodial Fees and Zero out-of-pocket fees when you establish and fund your account with a trusted custodian. Ninety percent of clients qualify for Red Rock Secured to cover their administration and storage for a minimum of one to 10 years; many qualify for no fees for life. They also offer an enticing benefit of "zero fees for life". However, it is not clear how one can qualify for this perk as there is no information on the requirements for this. However, many of their clients are said to qualify for this program. You should reach out to a representative for more information on their products and programs.
Security and Insurance
Red Rock Secured takes the security of its clients' investments very seriously. Here's a look at the security measures implemented by the company, as well as the insurance policies offered to protect clients' portfolios.
Security Measures
Red Rock Secured uses a number of security measures to ensure the safety of clients' assets. These measures include secure storage facilities that have video surveillance, alarm systems, and background checks for employees. The company's preferred storage facilities are equipped with state-of-the-art security systems and are monitored 24/7. In addition, the company only partners with reputable and trusted logistics companies to ensure the safe transportation of clients' assets.
Insurance Policies
Their preferred storage facilities also offer insurance policies to protect its clients against loss, theft, or damage. The storage facilities’ insurance policies cover the full value of clients' assets, providing peace of mind. In addition, the company has a transferrable buy back program. You can purchase with confidence, knowing that, if needed, they will buy back your metals at market value.
Benefits and Disadvantages of Transacting with Red Rock Secured
It's important to choose a reputable company that can provide you with a range of options and excellent customer service. In this article, we'll take a closer look at the benefits and disadvantages of transacting with Red Rock Secured.
Pros
Cons
Policies and Terms of Red Rock Secured
Before investing with the company, we encourage you to carefully read and understand its policies and terms.
No Guarantees or Predictions of Future Performance
The company provides past performance data, which is neither a guarantee nor a prediction of future performance. You should seek the advice of qualified legal, financial, or tax advisors before investing in precious metals, as all assets carry a risk of loss.
Acknowledgment of Risk
Customers are responsible for making their own investment decisions when dealing with Red Rock Secured. The company has not guaranteed any profit from the transaction, nor any tax implications. They also don't provide any warranty or promise regarding the quality or description of the precious metals involved.
Acknowledgment of Market Volatility
When investing in precious metals, it's important to be patient as it's a long-term investment that can take five to ten years to see significant returns. Red Rock can't guarantee that you'll make a profit or avoid loss after that time, as the precious metals market is volatile and subject to unpredictable external factors that can affect their value.
Returns and Exchange Policy
They offer a Transferable Buyback Program Purchase with confidence, knowing that, if needed, Red Rock Secured will buy back your metals at market value. It's important to seek advice from a tax professional since the company cannot give advice on the tax implications of investing in precious metals.
Conclusion
After examining Red Rock Secured's history, products and services, customer reviews, investment options, security measures, customer service, and industry accolades, it's clear that the company is a reputable and trustworthy choice for those looking to invest in precious metals.
Overall, Red Rock Secured has an excellent reputation in the industry, and its investment opportunities are well-suited for those looking to diversify their portfolio with precious metals. The company's commitment to providing excellent customer service and its comprehensive security program provides additional peace of mind for clients.
The company's commitment to customer service and security makes it a solid option for diversifying your portfolio with precious metals.
Thus, Red Rock Secured is a potential option for those interested in investing in precious metals.
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