Lear Capital Review: Is it a Legit Company You Can Trust?

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I'm Donny. I'm a world traveler, investor, entrepreneur, and online marketing aficionado who has a big appetite to compete and disrupt big markets. I thrive on being able to create things that impact change, difficult challenges, and being able to add value in negative situations.

Lear Capital offers investors several options for purchasing precious metals, with many benefits, but the company’s current state of affairs makes it a risky investment.

Lear Capital Lear Capital
4.0
Services: Lear Advantage IRA, precious metal IRA, gold and silver bullion
Minimum investment: $25,000
Fees: $160-$200/yr (custodial fees)
Pros:
  • Price match guarantee
  • $3 Billion in transactions
  • 24-hour risk-free purchase guarantee
  • In business since 1997
Cons:
  • No live chat available
  • Minimum purchase of $25,000
Promotion: Free IRA set-up and storage

Looking for ways to maintain your wealth during economic downturns? Interested in investing in precious metals, including silver and gold?

Due to its applications in electronics and ability to maintain value over time, gold is a highly sought-after commodity.

Companies like Lear Capital arose to help investors secure their money in precious metals as a hedge against inflation.

Lear Capital has serviced accounts for over 25 years. However, it came under fire earlier this year after complaints arose about its business practices.

Let’s take a look at those practices to determine if Lear Capital is right for you.

What is Lear Capital?

Lear Capital homepage
Learcapital.com website

Lear Capital is a precious metals investment company that offers several pathways to investing in gold and silver, including an individual retirement account (IRA) and a gold and silver bullion and coin market.

The company was founded in 1997 by Kevin DeMeritt, who began extolling the virtues of investing in gold before the 2001 economic crash.

Since then, Lear Capital’s gold investing and education services (accessible through its website) have helped thousands of clients, and the company has received high ratings from the Better Business Bureau (BBB) and the Business Consumer Alliance.

Lear Capital Services

Lear Capital offers several gold and silver-related services, including self-directed precious metal IRAs and a marketplace for gold and silver bullion and similar numismatic coins.

Gold IRA

The main draw of Lear Capital is its IRA Precious Metals Account, or “gold IRA.” This account uses IRA funds to purchase physical precious metals and store them securely according to the IRS rules for gold retirement accounts.

As third-party benefactors of gold IRA accounts, companies like Lear Capital have a duty to securely store their customers’ gold. Lear Capital uses Delaware Depository as its IRA secure storage facility.

Lloyds of London backs each IRA account through an insurance policy in the event of a break-in at the Delaware Depository. Investors can review the value of their online account at any time on Lear Capital’s website.

Lear Capital’s Gold IRA services are offered at a reasonable price, with a flat annual fee of $200 to maintain company operations. Lear Capital charges a similar amount for storage and security fees paid to Delaware Depository.

Lear Capital has a minimum investment requirement of $25,000. Those who can invest $75,000 or more receive fee reductions for one or more years. 

Lear Capital has a buyback guarantee for the gold and silver it sells to its clients, ensuring that clients can liquidate and receive distributions if necessary.

Lear Advantage IRA

Lear Advantage IRAs are similar to gold IRAs, but with added benefits based on how much the customer invests or has to rollover from another retirement account.

These IRAs have several benefits:

  • Free set-up and IRA storage.
  • Quarterly account valuation and statements on the gold and silver markets.
  • Price match and 24-hour risk-free purchase guarantees.
  • Free evaluations of metals from other vendors.

However, the above benefits are not associated with explicit account minimums on Lear Capital’s website; thus, new investors should call ahead to inquire what actions they must take to receive these benefits for their gold IRA.

Buy Silver & Gold Bullion

Lear Capital maintains a gold and silver marketplace where customers can monitor the price of gold and silver in real-time and browse bullion and rare coins the company brokers with its precious metals dealer.

As a member of the Professional Coin Grading Service (PCGS) and part of the Industry Council for Tangible Assets (ICTA), Lear Capital is equipped to identify and accurately price gold and silver collectible coins for customers to explore.

The coins Lear Capital offers are IRA-eligible and include:

  • Peace dollar (silver)
  • Liberty MS-65 (gold)
  • Gold Krugerrand (gold)
  • Vienna Philharmonic (gold)
  • Canadian Maple Leaf (silver)

Lear Capital Fees & Minimum Investment

Custodian Fee$160-$200/yr
Minimum Investment$25,000

Who Should Use Lear Capital?

In the past, Lear Capital was a default gold and silver investment firm offering solid educational resources and self-directed IRA options that allowed investors to choose their risk level and manage their gains and losses accordingly.

Overall, Lear Capital offers valuable free resources on gold investing and related topics. Even if you do not end up investing with it, Lear Capital has plenty of ways for interested parties to begin investing in gold and silver.

How Does Lear Capital Compare?

 
4.0
5.0
5.0
Minimum investment:
$25,000
Minimum investment:
$25,000
Minimum investment:
$50,000
Fees:
$160-$200/yr (custodial fees)
Fees:
$175-$225/yr
Fees:
$200/year
Promotion:
Free IRA set-up and storage
Promotion:
Up to $10,000 or more in free silver (with a qualified account)
Promotion:
Zero fees for up to 10 years (depending on the investment amount) (depending on the investment amount)
4.0
Minimum investment:
$25,000
Fees:
$160-$200/yr (custodial fees)
Promotion:
Free IRA set-up and storage
5.0
Minimum investment:
$25,000
Fees:
$175-$225/yr
Promotion:
Up to $10,000 or more in free silver (with a qualified account)
5.0
Minimum investment:
$50,000
Fees:
$200/year
Promotion:
Zero fees for up to 10 years (depending on the investment amount) (depending on the investment amount)

Lear Capital Reviews

Adam was extremely cordial, explained the steps and procedures, continued to follow up on the progress of when Lear received my check, and when the coins were shipped out. The timeline he stated they would receive was extremely accurate, in fact the coins came earlier than expected.

Chris H., Verified Trustpilot review

My experience with Lear Capital has been very easy and pleasant. Each person I worked with was extremely knowledgeable, patient with me and helpful. There was no pressure or hard sell. Everything went smoothly.

Louise H., Verified Google review

Getting Started with Lear Capital

Getting started with Lear Capital doesn’t take much time or effort. Just follow these steps:

  1. Navigate to Lear Capital’s website and locate the Gold IRA Account form.
  2. Enter the initial investment capital amount you are interested in depositing.
  3. Review your identifying information and other details and submit the form.
  4. Within 24 hours, you should receive a call from an account representative to confirm details and link a funding account (e.g., a checking account).
  5. Wait five business days for your funds to clear and enter your Lear Capital account.
  6. Purchase gold and precious metals for your IRA.

Should I Invest with Lear Capital?

While Lear Capital’s offers many benefits, it is best to get financial advice from an advisor before deciding to invest in precious metals.

Savvy investors will keep their eyes peeled for news about Lear Capital and opt into its services when the time is right.

If you’re one of those willing to take on risk for potential gains, make sure to check out Lear Capital.

Lear Capital FAQs

Below are answers to some common questions about Lear Capital’s operations:

Is Lear Capital reputable or a scam?

Lear Capital has been around since 1997 and has many customer reviews on Google and Trustpilot that you can read about the company.

Who owns Lear Capital?

Lear Capital is owned by its founder, Keven DeMeritt, a renowned economist who predicted several economic downturns and promotes gold and silver investing as a way to hedge against market volatility.

Where is Lear Capital located?

Lear Capital is located in 1990 S Bundy Dr #650, Los Angeles, CA 90025.

Goldco

Goldco is a leader in the precious metals industry, with over a decade of experience helping customers protect their retirement savings. 

We earn a commission if you invest, at no additional cost to you.
  • Editor Rating
  • Rated 4 stars
  • 80%

  • Lear Capital
  • Reviewed by:
  • Published on:
  • Last modified: January 15, 2023

I'm Donny. I'm a world traveler, investor, entrepreneur, and online marketing aficionado who has a big appetite to compete and disrupt big markets. I thrive on being able to create things that impact change, difficult challenges, and being able to add value in negative situations.

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