Boston Bullion Review
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- They have received over 1,000 5-star ratings online
- They safeguard over $1 billion in retirement savings
- They have earned an AAA customer rating
- They have an A+ rating with BBB
- They have won Inc 500 award 5 times
- They were named the 2021 company of the year.
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About Boston Bullion Review
Boston Bullion, headquartered in the vibrant city of Boston, Massachusetts, stands tall as an esteemed online bullion retailer. They have an impressive presence in the precious metals industry which spans more than three decades. They have also garnered a solid reputation for offering top-notch products and unparalleled customer service, all while ensuring their prices remain fair and reasonable. They have an unwavering commitment to excellence that has not gone unnoticed, and it has earned them recognition from prestigious media outlets, including the esteemed Forbes magazine.
Offerings
At Boston Bullion, their carefully curated selection of bullion products showcases a diverse range of precious metals, each chosen for its inherent value, exceptional quality, and the utmost commitment to customer satisfaction. Whether you’re seeking bars or coins, their collection caters to every discerning investor and collector alike.
The array of bullion offerings extends beyond traditional options, as Boston Bullion goes above and beyond to provide unique and exciting choices. In addition to bars and coins, they even offer a distinctive selection of selling letter boxes, rollers, and belt buckles, ensuring that their customers have access to a truly remarkable and distinctive assortment.
With a steadfast dedication to value, quality, and service, Boston Bullion goes the extra mile to surpass expectations. Their team of experts meticulously handpicks each item, guaranteeing that every purchase made is not only a wise investment but also a testament to the enduring allure of precious metals.
Rating
The driving force behind the success of Boston Bullion is none other than its esteemed owner, David S. Bernstein. With a wealth of experience and an impressive background in the financial realm, Mr. Bernstein has charted an extraordinary path throughout his career.
Having commenced his professional journey in the realm of investment banking at Merrill Lynch & Co., Mr. Bernstein’s prowess led him to pursue an MBA at the renowned Columbia Business School. Fuelled by his ambition and a keen interest in the precious metals industry, he subsequently joined Merrill Lynch, assuming the managerial responsibilities of a division that specialized in private buying and selling of gold and silver under the banner of Gold Genuine, Ltd.
In 1986, driven by a singular focus on the world of precious metals, Mr. Bernstein made a strategic decision to sell the aforementioned division. This bold move allowed him to dedicate his undivided attention to the realm he was most passionate about, leading him to establish Boston Bullion, Inc. Since then, his leadership and expertise have propelled Boston Bullion to new heights, solidifying its position as a trusted name in the industry.
Mr. Bernstein’s unwavering commitment to the field of precious metals, coupled with his astute business acumen, has played a pivotal role in shaping the success of Boston Bullion. His vision and unwavering dedication have cemented the company’s reputation as a reliable and respected presence within the precious metals community.
Boston Bullion’s website serves as a comprehensive hub of information, providing visitors with a wealth of details about the company’s rich history, expansive product range, and competitive pricing. The site serves as a one-stop destination for individuals seeking to delve into the world of bullion products, offering a user-friendly interface that caters to both seasoned investors and those looking to contribute to their loved ones’ financial future.
One notable feature on the website is the inclusion of testimonials, which showcase the positive experiences and satisfaction of previous customers. These testimonials serve as a testament to the quality and reliability of Boston Bullion’s offerings, instilling confidence in potential buyers.
For individuals in need of guidance or advice concerning their precious metals portfolio, Boston Bullion offers a valuable consulting service. By simply completing their consultation form, customers can seek assistance from the knowledgeable team at Boston Bullion. Within a prompt timeframe of 48 hours, a dedicated professional will provide a personalized response via email. It is important to note that this consultation service is primarily available for residents of the United States and may not be applicable to all products.
When it comes to pricing information, Boston Bullion ensures transparency by providing comprehensive details regarding their bullion products. One notable product highlighted in reviews is the silver maple leaf 1 oz silver coin. As price plays a crucial role in the purchasing decision, the review offers a comprehensive overview of the pricing information available on the company’s website. Furthermore, potential buyers can also gain insight into the imagery provided for the product, enabling them to make an informed choice.
Boston Bullion values customer convenience and trust, offering a variety of payment options to cater to different preferences and circumstances. The payment methods are divided into two categories based on whether customers possess a credit card or not, reflecting the company’s commitment to accommodating various customer needs.
For those who prefer alternative payment methods, Boston Bullion provides an “in-house” option. This includes payment by check, money order, or wire transfer, allowing customers to make transactions without relying on credit cards. This option demonstrates the company’s trust in their customers and ensures that individuals without credit cards can still engage in secure and reliable transactions.
In addition to the in-house payment option, Boston Bullion also accepts credit card payments for both personal and business accounts. This flexibility allows customers with credit cards to conveniently complete their purchases while enjoying the associated benefits, such as rewards or points accumulation. To determine the specific types of payment accepted for a particular account, customers can contact Boston Bullion by sending an email using the address associated with their account.
When it comes to shipping, Boston Bullion operates from its main warehouse in Massachusetts, USA. With an extensive network comprising 14 warehouses, the company ensures efficient order fulfillment. Additional warehouse hubs are strategically located in prominent cities such as New York, Chicago, and Vancouver, ensuring swift and reliable delivery across various regions.
To cover shipping expenses, customers are required to add the applicable shipping cost to their order. Presently, the domestic shipping cost stands at $13, while international shipments incur a fee of $19. The shipping duration may vary depending on the specific purchase, but typically, customers can expect their orders to arrive within 3-5 days after shipping, providing a prompt and convenience delivery experience.
Pros
- Price Protection: Boston Bullion offers a commendable commitment to purchasing products from customers, even if the price declines. This encourages customers to maintain their trust in the company and continue making purchases.
- Authentic and High-Quality Products: The company prides itself on providing genuine and top-notch bullion products. They source their gold, silver, and platinum offerings directly from renowned refiners like Noble, Pamp, and Argor Heraeus, ensuring customers receive authentic and high-quality items.
- Satisfaction Guarantee: Boston Bullion provides a 100% satisfaction guarantee for all their business products. Customers can have peace of mind knowing that if they are not satisfied with any business product purchased through the company's website (excluding gift cards), they can expect a refund.
- Free Storage Program: An exciting feature offered by Boston Bullion is their free storage program. Customers can store their precious metals and bullion coins in the company's vault without incurring any storage fees. This unique offering sets them apart from many other competitors in the market.
- Charitable Contributions: Boston Bullion provides customers with an opportunity to support charities. By sharing information about their preferred charity, customers can donate 10% of their order value to the cause with each purchase, making a positive impact while acquiring precious metals.
- Competitive Buyback Prices: When customers decide to sell their precious metals back to Boston Bullion, they can expect competitive prices. The company offers favorable buyback rates, allowing customers to secure a great deal while retaining some of their investment value.
- Convenient Locations: With branches in Boston, New York, Chicago, and Vancouver, Boston Bullion ensures easy access to their products, such as gold and silver bars or coins. Customers can make purchases in these locations, even if they are not geographically nearby.
Cons
- No Bulk Purchase Discounts: Boston Bullion does not provide discounts for bulk purchases, meaning the cost remains the same regardless of whether customers buy a 1 oz or 10 oz bar or coin. The lack of price incentives for larger orders may be perceived as a disadvantage.
- Limited Payment Options: Customers are required to pay by cash or wire transfer to purchase gold or silver bars from Boston Bullion. This payment method may pose challenges, as not everyone may have the necessary funds readily available for immediate use.
- Lack of Special Deals: The company does not offer special promotions like "buy a bar, get a coin for free," which could disappoint customers looking for additional cost savings. The deals they provide may not appear particularly enticing unless purchases are made in bulk.
- Refund Policy for Incorrect Orders: Boston Bullion has a policy of not providing refunds to customers who accidentally send the wrong item with their orders. Instead, they offer half of the value as a gift card or store credit. This policy may be seen as disappointing compared to other companies that refund the total value of the order, regardless of the error.
- Legal Issues and Authenticity: The company faces legal issues due to customers receiving products that are not authentic. Boston Bullion's failure to refund customers' money in such cases can be a significant concern and may impact customer satisfaction.
- Additional Shipping Fee: When shipping to New York, customers may incur an additional $25 shipping fee on top of the regular $13 shipping fee. This added cost could be considered a disadvantage when comparing Boston Bullion to other local gold dealers in the area.
Don’t Forget Your Free Gold IRA Guide
Even if your current life circumstances do not include plans for investing, it remains crucial to educate yourself about the potential benefits of utilizing precious metals to secure remarkable tax advantages and safeguard your retirement savings. This knowledge empowers you with valuable insights that can be instrumental in protecting a significant portion of your wealth. Furthermore, acquiring this information comes at no cost, making it an accessible and worthwhile endeavor to explore the potential benefits of precious metals as part of your financial strategy.