Rare metals are essential for many industries, but finding a supplier you can trust can be tricky. There are many scams and fraudulent businesses out there, so it’s important to take some precautions before purchasing rare metals and rare earths in an IRA.
Here are a few tips to help you protect yourself from fraud:
Tip #01: Do your research
Before you even consider buying rare metals, do some research on the suppliers in your area. Look for companies with a good reputation and are registered with the Better Business Bureau.
Tip #02: Request a sample
If you’re not sure whether a supplier is legitimate or not, ask for a metal sample before making a purchase. This will allow you to test the quality of the metal and make sure it meets your standards.
Tip #03: Ask for references
If a supplier can’t provide you with any references, it’s probably best to avoid them. Instead, ask other businesses who have worked with this supplier in the past to get an idea of their quality of service.
Tip #04: Check the price
Rare metals can be expensive, so it’s important to ensure you’re getting a good deal. Compare prices from different suppliers to find the best deal possible.
Tip #05: Get a written contract
Make sure you have a written contract with the supplier before you purchase. This will protect you if there are any problems with the order later on.
Tip #06: Beware of scammers
There are many scams out there regarding rare metals, so be careful when dealing with any suppliers. Do your research and trust your instincts – if something seems too good to be true, it probably is!
Tip #07: Request a certificate of analysis
A certificate of analysis is a document that confirms the purity and composition. Make sure the supplier provides you with this document before making a purchase.
Tip #08: Ask about shipping costs
Rare metals can be heavy, so make sure you ask about the cost of shipping before purchasing. The last thing you want is to end up with a huge bill for shipping expenses.
Tip #09: Insist on delivery confirmation
Make sure the supplier sends you tracking information for your order so that you can track it online. This will help ensure that your order arrives safely and on time.
In conclusion, there are many things to consider when buying rare metals. By following these tips, you can protect yourself from fraudulent suppliers and ensure that you get the best possible deal.
Do you have any additional tips to share? Leave a comment below and let us know!