American Bullion Lawsuit, Reviews and Complaints 2024
Aditya Mishra
CEO and Founder at Union+Webster | Digital Marketing Solutions and Services | Gold Investor
Interested in doing business with American Bullion but don't know where to start? In my following review, you'll learn about American Bullion lawsuits, complaints, reviews and a lot more:
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American Bullion Lawsuit: All You Need to Know
During my study, I discovered other legal disputes in which American Bullion was implicated. I will provide a comprehensive description of each of them below.
American Bullion vs Regal Assets
The case American Bullion, Inc. v. Regal Assets, LLC et al, No. 2:2014cv01873, was filed in the Central District of California in 2014. Document 34 pertains to this case.
The plaintiff, American Bullion, Inc., and the defendants, Regal Assets, Kelly Felix, and Tyler Gallagher, are rivals in the business sector that involves incorporating precious metals into individual retirement plans and transforming current retirement funds into precious metals. American Bullion primarily acquires customers through recommendations and internet marketing, which includes compensating third-party affiliates for bringing in new business.
Also read: Is Lear Capital Legit?
American Bullion claims that Regal Assets, in which Felix has a partial ownership and Gallagher serves as the CEO, has established and manages affiliate websites that engage in deceptive advertising for Regal Assets while also undermining the reputation of American Bullion.
Despite the websites claiming to have impartial user ratings, American Bullion argues that they are not truly independent and that Regal Assets fails to disclose its affiliation with these sites.
The evaluations commend Regal Assets and denounce American Bullion's services, with several reviews purportedly providing inaccurate information and others plagiarizing content. American Bullion contends that there is a shared alignment of interests between Regal Assets and Gallagher and Felix, to the extent that the people may be seen as the company's alter egos. The defendant, Felix, has abstained from involvement in the judicial proceedings.
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Lawsuit: American Bullion Inc against American International Bank, et al
A business contract lawsuit was brought by American Bullion Inc. against American International Bank on August 25, 1993. The complaint was filed with the Los Angeles County Superior Court at the Stanley Mosk Courthouse in Los Angeles, California. Judge David A. Workman presided over the case, which has subsequently been resolved either dismissal or withdrawal.
You might also like: Advantage Gold Reviews
Morgan Gold LLC vs American Bullion LLC et al
Morgan Gold LLC initiated a legal action against American Bullion LLC on May 11, 2011, by filing a lawsuit about a commercial contract. The complaint was filed with the Los Angeles County Superior Court at the Stanley Mosk Courthouse in Los Angeles, California. Judge Abraham Khan presided over the case, which has subsequently been resolved either dismissal or withdrawal.
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1) Augusta Precious Metals (Best For Investments Over $50,000):
Augusta Precious Metals is a gold IRA provider renowned for its commitment to education and first-rate customer support. Reliability and responsiveness have been hallmarks of Augusta Precious Metals, which has been awarded an A+ rating by the Better Business Bureau since 2012. Customers routinely rate Augusta with five stars on Trustpilot, complimenting their friendly advisors who walk investors through every stage of the procedure.
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Here's an overview of Augusta Precious Metals' ratings:
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Preserve Gold operates with a strong moral compass, and they always treat their clients and partners with integrity. Their relationship-oriented and educational approach inspires investor confidence and provides their clients the ability to make informed decisions. Each member of the Preserve Gold team has been hand-selected because they have shown a demonstrable ability in product knowledge and professionalism while adhering to their core principles. They are here for their clients when they need them, and they are driven by their success.
Their many 5-Star Reviews across reputable online platforms like Consumer Affairs, Trustpilot, and Google demonstrate their exceptional customer service. They are one of the ONLY precious metal firms that have ZERO complaints listed with the Better Business Bureau.
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About American Bullion:
American Bullion is a reputable precious metals company based in Los Angeles, California, with a primary focus on assisting individuals in investing in physical gold and other precious metals.
The company operates as a dealer in precious metals, offering a range of products, including gold and silver coins and bars. These products are available in various weights and designs to cater to different investment objectives and budgets.
One of the key services provided by American Bullion is the establishment and management of Precious Metals IRAs, also known as Self-Directed IRAs. These specialized retirement accounts allow individuals to hold physical gold and silver within a tax-advantaged framework. The company guides clients through the process of opening and funding these IRAs and helps them select suitable precious metals products to include in their retirement savings.
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In addition to offering a variety of precious metals products, American Bullion provides options for secure storage of clients' holdings. Clients who prefer not to take physical possession of their precious metals can choose secure storage solutions provided by trusted storage partners. For those who wish to hold their metals personally, the company can arrange for secure and insured delivery.
American Bullion also places a strong emphasis on educating clients and potential investors about the benefits and risks of investing in precious metals. They offer a range of educational resources on their website, including articles, guides, and market insights, to help individuals make informed investment decisions.
Customer service is another priority for American Bullion. The company aims to provide responsive and knowledgeable customer support to assist clients with inquiries, account management, and transaction processes.
When considering American Bullion or any other precious metals dealer, it's essential to research the company's reputation, read customer reviews, check their Better Business Bureau (BBB) rating, and review any industry awards or recognition they may have received. Due diligence is important before engaging in any financial transactions or investments with a company.
American Bullion Complaints and Reviews: Are There Any?
American Bullion has received a lot of praise from its customers. Their Trustpilot page has hundreds of reviews and their rating is 4.9 out of 5 stars.
Here's a review praising the company.
The reviewer says, "Collaborating with American Bullion was really effortless! I received instruction on the procedure for transferring my work IRA into a gold and silver account. I highly valued the assistance provided by the experts.
I highly endorse American Bullion for anybody seeking to transfer their IRA."
Similarly, in the review below, Michael says, "Tim from American Bullion exceeded my lofty expectations while I was seeking a knowledgeable representative for investing in precious metals. The individual's knowledge, honesty, and integrity distinguish him from other businesses and persons I had consulted before choosing American Bullion.
Competitive cost coupled with excellent product accessibility.
I will enthusiastically endorse both Tim and American Bullion to my relatives and friends."
In the review below, the company has also responded to the client's feedback.
However, American Bullion has received a few complaints as well.
The complaint is quite old. Here, Darryl says, "I contacted in order to obtain specific information on the prices and procedures. The receptionist redirected me to an account representative. The account representative was succinct and inquired if he might contact me later "once I conclude my ongoing conversation". Is that the manner in which they handle customers? Upon returning the call, he exerted pressure on me to increase the monetary sum and shown a strong desire to delve into the intimate details of my financial situation. Whenever I attempted to inquire about a charge schedule and comprehend its functioning, I perceived a sense of restriction, as if I were prohibited from posing these queries until I obtained and perused the IRA booklet, after which I was expected to make a follow-up call. According to the self-proclaimed Director, they are the superior and exclusive firm to engage with. Although I provided him with my email address in exchange for the brochure, I will explore alternative firms due to the aggressive sales tactics employed."
The company enjoys positive ratings on multiple review platforms.
Apart from BBB, they have a stellar rating on Trustlink, another popular consumer platform.
Common Points of American Bullion Reviews:
Here are some common points present in American Bullion complaints and reviews.
1. Expertise in Precious Metals: American Bullion's expertise in the field of precious metals is highly commendable. They have a deep understanding of the gold and silver markets, which is invaluable for clients seeking to invest in these assets.
2. Exceptional Customer Service: American Bullion is known for its exceptional customer service. Their responsive and knowledgeable team assists clients every step of the way, making the process of investing in precious metals smooth and stress-free.
3. Educational Resources: The company's commitment to educating clients is praiseworthy. American Bullion provides a wealth of educational resources, including informative articles and market insights, helping investors make informed decisions about their precious metals investments.
4. Transparent Pricing: American Bullion is transparent about pricing, ensuring that clients understand the costs associated with their investments. This transparency builds trust and confidence in the company's services.
5. Secure Storage Solutions: The company offers secure storage solutions for clients who prefer not to store their precious metals at home. The safety and security of these storage options are top-notch, providing peace of mind to investors.
6. Precious Metals IRAs: American Bullion's expertise in setting up Precious Metals IRAs is highly praised. They guide clients through the process, making it easy for individuals to include physical gold and silver in their retirement portfolios.
7. Reputation and Trustworthiness: American Bullion has built a strong reputation for its trustworthiness and reliability in the precious metals industry. Many clients have had positive experiences with the company.
8. Recognition and Awards: The company's recognition and industry awards reflect its commitment to excellence and customer satisfaction. These accolades serve as a testament to their dedication to providing top-quality services.
9. Global Acceptance: American Bullion's reputation extends globally, and they are recognized as a trusted source for precious metals investments. Their wide acceptance in the industry is a testament to their credibility.
10. Preservation of Wealth: Clients often praise American Bullion for helping them preserve their wealth through investments in physical gold and silver. These precious metals have historically served as a store of value during times of economic uncertainty.
In conclusion, American Bullion's commitment to expertise, customer service, transparency, education, and security has earned them a positive reputation in the precious metals industry. These qualities make them a trusted partner for individuals seeking to invest in physical gold and silver.
American Bullion Lawsuits, Complaints, and Reviews Summary
I hope this guide on American Bullion lawsuits and complaints is helpful to you. Please drop a like if you found it useful.
By the way, if you have over $50k in your IRA, this company will give you a free gold IRA kit of your choice.
If you have less than $50k in your IRA, I personally recommend you work with Preserve Gold, they are also offering free precious metals worth $25k with qualified purchases.