Are you trying to discover more info about Fisher Precious Metals? And are you also trying to buy platinum, silver, and gold to diversify your retirement portfolio while adding diversity and protection against inflation and market volatility? This company provides investors with a major opportunity to begin buying palladium, platinum, silver, and gold bullion bars and coins. Plus, they are even willing to help customers get set up with a precious metals IRA.
Is it really wise to choose Fisher precious metals as the best company to work with? Do they provide a big selection of bars and coins to choose from? Do they have very happy or upset previous customers? Are there any major red flags saying that you should probably bring your business elsewhere? Throughout this review I will do my best to answer these questions and many others.
IMPORTANT – before we get too far in this review, we’d like you to know we’ve vetted quite a few companies in this space.
We know that selecting a company to work with is a major financial decision and something not to take lightly. InvestingInGold.com has put in extensive research spanning many years in order to compile a list of the 5 highest recommended companies for this year.
==> See our #1 recommended company for precious metals investing
We urge you to view the links to see where Fisher Precious Metals stacks up against the competition.
Info about Fisher Precious Metals
This company first opened its doors in 2007 and was founded by Lynn and John Fisher. The overall goal of this couple was to provide the industry with their experience and knowledge to help customers make solid choices for investments.
Fisher Precious Metals is an accredited organization with many different groups including the American Numismatic Association, the Gemological Institute of America, the Numismatic Guaranty Corporation, the Professional Coin Grading Service, and the Professional Numismatic Guild.
Fisher has bullion traders working for them that do not receive commissions for their compensation. They purposely did this to keep their staff honest so that they can deliver their customers the best potential advice possible. This is great and many customers could benefit from this.
Gold Options
Anyone looking to purchase gold is in luck because Fisher Precious Metals has an extensive selection of gold investments to choose from. Are you looking to buy gold coins, bars, or rounds minted in the United States? Or how about from other mints from all around the world? Are you looking for historic coins or certified coins? This company will have something for everyone no matter what type of investment you happen to be looking for.
A few of the best gold options to consider are as follows:
- $20 Gold Saint-Gaudens Double Eagle Coin
- $20 Gold Liberty Double Eagle Coin
- Gold PAMP Suisse Bars
- Gold Royal Canadian Mint Bars
- Gold Valcambi Bars
- Canadian Maple Leaf Gold Coins
- American Eagle Gold Coins
- Australian Kangaroo Gold Coins
Silver Options
Another great opportunity for investors is the silver choices available from Fisher Precious Metals. They have a very large and extensive collection of different silver investments for those looking to purchase them. You could buy silver coins, silver rounds, and silver bars from the United States as well as many other mints from around the world. They also have a wide array of options to consider.
Some of the best available offerings for silver that they currently provide their customers include:
- American Eagle Silver Coins
- Morgan Silver Dollars
- Austrian Philharmonic Silver Coins
- Peace Silver Dollars
- A Variety of Silver Bars
- Silver Rounds – 1 Ounce Variety
- Canadian Maple Leaf Silver Coins
Platinum Options
There are a wide range of precious metals brokers that don’t even provide platinum options for their customers, but Fisher Precious Metals isn’t one of them. They give their customers the opportunity to buy platinum bars and coins. Some of their most popular options to choose from include:
- American Eagle Platinum Coins
- Australian Koala Platinum Coins
- A Variety of Platinum Bars
- Canadian Maple Leaf Platinum Coins
- Austrian Philharmonic Platinum Coins
Palladium Options
Finally, Fisher Precious Metals also gives their customers an opportunity to purchase palladium precious metals, which is one metal that many dealers do not have access to online. If you’d like to buy Palladium bars and coins, there are a small number of options to choose from. They include the following:
- A Variety of Palladium Bars
- Canadian Maple Leaf Palladium Coins
Diamonds and Other Jewelry
Fisher Precious Metals does a good job of setting themselves apart from the competition by also selling fine jewelry and diamonds to their customers. These pieces are truly stunning to say the least, but they are also a tremendous opportunity to make money as an investor as well. The best choices to consider are as follows:
- Engagement Rings
- 24 Karat Bullion Bracelets Made of Gold
- Gemstones
- Pendants
- Wedding Rings
- Loose Diamonds GIA Certified
- Earrings
- Rings
Secure Storage Facilities
Fisher Precious Metals provides their customers with a couple of different options for secure storage when they do business with the company. The depositories that they work with are located in three different areas. The companies that they do business with include strategic wealth preservation located in Grand Cayman, International Depository Services in Canada and International Depository Services in Delaware. It doesn’t matter which location you happen to choose, because you’ll feel confident knowing that your investments are secure, fully insured, and safe from prying eyes.
Precious Metals IRA Accounts
Opening a precious metals IRA is the same as opening a self-directed IRA, which you’ll use to invest in precious metals. This is an alternative IRA that’s different from those that allow you to invest in stocks and bonds. This company is ready to help you create more diversity in your portfolio for retirement by helping you set up a new gold IRA.
The company does not act as an IRA custodian, but they have connections with some of the best custodians in the United States. These individuals will help you get set up with your IRA to meet all the rules and regulations set forth by the IRS. In fact, they recommend that all of their customers work with their custodian of choice which is New Direction IRA, but if you have a different custodian that you like, they are more than willing to work with them as well.
The company has even created a website dedicated to providing precious metals IRA services. They do things different from many other companies that provide you with a free gold investor’s guide. And they do not inundate their customers with unnecessary phone calls. This company is very honest and upfront with their customers and they want to provide you with all the information that you’d potentially need to make an informed investment decision.
Their dedicated website will help you make this decision because it’s packed with lots of information that will tell you about the benefits of gold IRA investing. Also tell you about the steps needed to open your new account and get it funded. And they even share information about the specific precious metals that have received IRA approval, which is the ones you’ll have to invest in after you open your account.
On this dedicated website, they’ll teach you everything you need to know about gold IRA rollovers, 401(k) to IRA rollovers, and other ways to fund your new precious metals IRA. If you’d like to potentially open an account, they have an application on their website that you can fill out to get started. Or if you prefer, you can call them up to get started with the sign-up process over the phone, plus their customer service rep will answer any and all questions.
Selling Your Precious Metals
This company also buys the four main precious metals from customers or those who aren’t even their customers. Customers get the option to trade in investments that they no longer want.
Call them to find out more about the selling process if you’re looking to sell to Fisher Precious Metals. They give you all the info over the phone and pay you via check, direct deposit, or bank wire.
Fisher Precious Metals Potential Red Flags
The one thing we notice is that Fisher precious metals doesn’t have a wide variety or reviews on peer-reviewed websites including Trustpilot, Trustlink, Business Consumer Alliance, and the Better Business Bureau.
In fact, the only website with reviews is the Better Business Bureau and they have 25 5-star reviews, which sounds good on the surface. But this is still a very small number of reviews compared to the hundreds or thousands that other companies have received.
Having few reviews isn’t always negative and it doesn’t always mean that a company isn’t trustworthy. But, this company has been around since 2007, so you would think that they would have more reviews by this point. Something is a little weird here, right?
Fisher Precious Metals: Is It a Scam?
At this stage of the game, we are trying to determine if Fisher Precious Metals is a scam company or a legitimate organization. Obviously, the company has been around since 2007, which is 15 years at this point. This means that the company is definitely legitimate.
On the other hand, is it a company that you would choose to do business with? Personally, I discovered a few red flags that make me leery to work with Fisher Precious Metals.
First of all, the scarce number of reviews is a major potentially off-putting development. The Business Consumer Alliance, Trustlink, and Trustpilot do not have any reviews on their website about this company, which seems a bit fishy. There are positive customer reviews on the BBB website, but it’s a relatively small amount since there are only 25 of them. The sample size is very small so I feel like we aren’t learning the full story about this company.
Ordering and pricing is also something that I do not like or appreciate regarding Fisher Precious Metals. How so? If you look at their offerings on their website for bars or coins, they do not update the current price. There is a price sheet with this information that tells you how much you’ll have to pay over the current spot price. The sheet is valuable but it also gets very confusing at times, and it feels like the investor has to do a lot of extra work just to figure out what they’re getting themselves into.
Finally, they do not allow customers to place an order directly through their website. You can use their website to determine which investments you’d like to purchase, but then you have to call them to place your order over the phone. And if you’re ordering for the first time, they will not do business with you unless you’re spending $5000 or more. This minimum is very high compared to other companies and websites, which is another potential red flag.
Features
- The company first opened its doors in 2007.
- They do not pay their sales staff commissions, which puts their clients’ interests in the best possible light.
- They sell a wide variety of various precious metal bars and coins.
- You can buy diamonds and other jewelry from their website as well.
- They provide secure storage in a depository in three different locations including Grand Cayman, the United States, and Canada.
- They have a dedicated website for precious metals IRAs.
- They will purchase jewelry and precious metals from anyone looking to sell them.
Fisher Precious Metals Pros
- Their precious metals selection is bigger than most other companies.
- They buy back precious metals from their customers.
- They sell diamonds and fine jewelry.
Fisher Precious Metals Cons
- They have very few customer reviews.
- You must use their pricing guide to calculate the cost of each potential investment based on the spot price.
- You must spend $5000 or more as a first-time customer.
Bottom Line
On the surface, Fisher Precious Metals appears to be a great choice as a company to work with. But after digging into their information, I discovered a few things that I didn’t like that really turned me off from this company including pricing, minimum spending, and a severe lack of reviews. If any of these seem like red flags to you, I highly recommend working with a different company that sells precious metals like gold, silver, platinum, and palladium.
About Tim Schmidt
Tim Schmidt is an Entrepreneur who has covered retirement investing since 2012. He's also a published author, and his views on investing have been featured in USA Today, Tech Times, The Huffington Post, Nasdaq, and many more.
