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Last Updated: July 17, 2024
Given the political landscape and inflation fears, people are flocking to precious metals more than ever. If your current retirement accounts, such as 401k, are dropping in value, precious metals offer a hedge of protection.
Cornerstone Asset Metals is a precious metals dealer and wealth advisor who cautions investors against unfair government action and the advantages of investing their money in gold and silver investments. Before we go further in this Cornerstone Asset Metals review, we would like to inform our readers of how we come to our conclusions.
At Barcode of Life, we understand the importance of your financial decisions and the trust you have in our information. We conduct in-depth research on every company we review, including their reputation, product offerings, and history. Our goal is to provide you with reliable, comprehensive information so you can make confident choices.
We hold a skeptical view of banks, the monetary system, and politicians, recognizing that these entities often cater more to the wealthy than everyday investors. Therefore, we strongly advocate for individuals to have greater control over their own finances, firmly believing that they should have the power to make decisions about their money, reducing dependence on institutions and politicians.
Cornerstone Asset Metals has been around since 2009. This company, founded by Terry Sacka, is a precious metals dealer in Whitefish, MT. Terry Sacka is an Accredited Asset Manager and the host of Rigged [Against You], a podcast discussing how the investment and banking scene is skewed toward the rich, not the everyday investor like you and me.
Terry Sacka says he wants to help level the playing field and make buying gold much more attainable to the average investor. This very real company wants to see its investors succeed. Through Sacka's syndicated television show, Wealth Transfer, the company seeks to educate its clients on the art of investment and help them pursue their goals of seeking self-directed IRAs.
There are many things to consider when researching companies. Because your wealth is at stake, you must learn as much as possible about the companies, and a good starting point is customer complaints. If there are many negative reviews, you should focus elsewhere.
We visited the Better Business Bureau to see about the company's rating. Cornerstone Asset Metals has an A+ rating and no customer reviews or complaints. The company has been in business for over 17 years and is not accredited by the BBB.
We found it odd that there were no reviews on the Better Business Bureau. We also visited the Business Consumer Alliance website and could not see a profile page for Cornerstone. We will keep checking back to determine if one develops.
Our next stop was Google Review, where we discovered the company has a poor rating of only three stars out of five. Only four users have left reviews. Two were very favorable, and two were from miserable customers.
One customer stated they could not get anyone to answer the phone and then attempted to cancel their investment order and experienced problems. Another customer says the company charges an 18% or higher markup.
Google is the only place we can find customer reviews. Though the Cornerstone Asset Metals website contains testimonials, you should never put much weight on these because there is no way to verify them through a third-party site. Companies will never put poor reviews on their website, so keep this in mind.
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Although we realize no companies are perfect, there should not be more cons than pros. If you research and look for a Cornerstone Asset Metals review, make sure the pros outweigh the cons and there are more positive reviews than negative ones.
The following are the pros and cons we have discovered for the company in this review. As always, we urge you to do your own research because better options may be available.
Cornerstone Asset Metals is not a scam. They have been in business for many years and have helped countless clients. In this Cornerstone Asset Metals review, we want to be brutally honest.
In the precious metals market, there are many precious metals services available. Your retirement savings are incredibly important, and you should not trust them to just anyone.
Although we cannot label this business as a scam, we cannot view enough information from past customers to form a solid recommendation. Reading positive reviews would certainly be helpful!
Cornerstone Asset Metals offers a range of services focused on helping its clients put their retirement funds in bullion. They can help you purchase gold bullion for your personal collection or through a self-directed IRA. You can learn more about their services by visiting the Cornerstone website.
Cornerstone works with the top custodians in the industry to help its customers purchase metals for precious metals IRAs. They have partnered with GoldStar Trust for custodianship. You can store your precious metals in a Cornerstone Private Storage Vault.
The company provides asset management services to help customers buy gold, silver, platinum, and palladium. You can purchase precious metals from the company and send them directly to your door or store them in a private storage vault if you select certain services. Cornerstone brings a lot of helpful services to the table to ensure your success in diversifying your retirement savings.
One glaring omission from the Cornerstone Asset Metals website is the lack of information on the gold and silver products they sell. Most dealers at least show their available gold and silver products, even if they do not show the prices. We could not find any information on the products offered. The business simply asks customers to call to buy.
The company promises to offer solid advice regarding retirement account investments in gold and silver. They focus highly on First Amendment rights and have Christian values. Companies like Cornerstone help people diversify their investment portfolios to hedge against inflation.
They want to protect your wealth with gold, silver, platinum, and palladium investments. You can contact them by phone to ensure your assets are protected. Most people will need guidance, especially at the beginning of the process, when confusion over buying the right coins occurs.
You should invest in a precious metals IRA because it offers advantages that can help save you money on your tax bill. Government actions in 1997 led to the Tax Payer Relief Act, which expanded the gold, silver, platinum, and palladium options available to self-directed IRA holders.
What are your investment goals? Are you concerned about retirement? Investing in a precious metals IRA will protect your portfolio against rising inflation because it acts as a hedge. When the dollar and market are both doing poorly, gold retains its value or rises.
Although you should not invest your entire portfolio in precious metals, keeping at least 5% to 10% for gold and silver investments is wise. These investments act as a form of insurance to protect you against catastrophic losses occurring in the market.
Precious metals do not have counter-party risks like stocks. If you invest in stocks only, you could lose it all if the company goes bankrupt. Precious metals never devalue to zero. You will never have to worry about losing all your money like you do with stock investments.
You can benefit even more from investing in precious metals by holding more than one IRA. The government allows investors to own more than one precious metals IRA, but there is a maximum annual investment. This amount is $6,500 if you are under 50 and $7,500 if you are over.
Investors can transfer all or a part of their existing IRAs into gold, silver, platinum, and palladium, but you must purchase precious metals with the right purity level. Not all coins are approved for IRAs. You must work with companies specializing in retirement assets to help you invest your wealth wisely.
If you do not have an existing IRA, you can contact a Cornerstone Asset Metals account representative to get started. They will help you open self-directed IRAs. You can check the website for further information or call the company directly, depending on your country.
If you already have an IRA, the process is even more straightforward. You can roll over your funds to a new custodian and begin investing in gold and silver coins. Research has proven it takes a few weeks for the rollover process to complete, but it is worth the time waiting.
Those whose retirement account will not allow them to invest in gold and silver can get help from Cornerstone Asset Metals to open a new account, protecting their right to invest their savings in precious metals.
Cornerstone Asset Metals promises to make the process easy. Unfortunately, we could not find a Cornerstone Asset Metals review that outlined what people experience when they add precious metals to their IRAs.
Is Cornerstone Asset Metals the Right Company For Your Investment Needs?
Cornerstone is not a bad company, but they lack information on their website and very few customer reviews. A lack of reviews does not make companies scams, but it makes reviewing them difficult.
If you decide to work with Cornerstone, we urge you to be careful with your savings. Vet the company by researching and talking to former customers before you bring your money to the table. We also recommend looking at other companies offering better services to meet your needs.
Recognizing that banks often serve the interests of the wealthy rather than everyday investors, we approach banks, the monetary system, and politicians with skepticism. We strongly believe that individuals should have greater power over their finances, empowering them to make decisions about their money independently and reducing reliance on institutions and politicians.
The #1 ranked gold investment company has agreed to give our readers a FREE gold kit at no cost, until July 29, 2024. If you are even thinking about investing in gold, you need to request this kit.
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