Berkshire Gold Direct’s Precious Metals Risk Disclosure
Risks: As with any investment, there are various risks associated with purchasing gold, silver, platinum, palladium and rhodium. We always recommend that clients understand the risk factors involved and to make sure they use due diligence prior to purchasing any precious metals.
Self-Directed: Berkshire Gold Direct, LLC is a 100% self-directed buyer and seller of precious metals. A self-directed IRA allows the investor greater flexibility with investments like precious metals. With a self-directed IRA, the customer is in charge of their investment decisions. With a self-directed IRA, there is no fiduciary relationship between BGD and the client.
Advice: The Berkshire Gold Direct staff and specialists are not licensed advisers and therefore will not provide legal, tax or investment advice.
Who Should Purchase: It is important to understand, precious metals do not pay interest. Therefore, if income is needed, precious metals are most likely not a good investment and the investor should look to other options.
Volatile Investments: Precious metals can be very volatile and will regularly have price fluctuations. It is possible to buy precious metals in a downturn. In that case, the client may have to hold the precious metals for the long-term to recoup their initial investment. Berkshire Gold Direct recommends clients hold their precious metals for a minimum of 3-5 years. Precious metals should be considered long-term investments.
Performance: There is no guarantee past performance for precious metals will repeat. Beware of any gold and silver dealer that tells you history will repeat. It is impossible to know the future.
Counterfeiting: Although counterfeiting is not common in the industry it can happen. For that reason, Berkshire Gold Direct recommends investing in Professional Gold Coin Grading Services, Inc., PCGS and Numismatic Guaranty Corporation of America, or NGC certified gold and silver coins.
Sales: All customer quotes and the purchase price that has been quoted includes BGD’s profit margin in the transaction. In the precious metals industry there is a “spread” that includes a profit margin. The spread can vary by customer to customer and is subject to negotiation. In order for the customer to make a profit, the customer must be able to sell the precious metal at a price high enough to cover the spread.
Re-purchases: Berkshire Gold Direct does not guarantee to re-purchase the precious metals it sells, and BGD will not guarantee it will re-purchase the precious metals the customer purchases. If another company tells you they will guarantee to buy back your precious metals, it is best to seek out another company.
If you have purchased precious metals from Berkshire Gold Direct in the past, we would like the opportunity to discuss purchasing your products back from you, although we cannot guarantee it.
Questions: As always, Berkshire Gold Direct is here to assist with any questions you may have. You can reach one of our trusted precious metal strategists at 1.800.614.8221.
“Your Essential Guide to Precious Metals”
Consider a $0 Fee Precious Metals IRA from Berkshire Gold Direct
Take advantage of Berkshire Gold Directs $0 fee Gold & Silver IRA. Just fund your accounts by 12/01/2016 and we will refund all of your first year fees.