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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.
- Price match guarantee
- $3 Billion in transactions
- 24-hour risk-free purchase guarantee
- In business since 1997
- No live chat available
- Minimum purchase of $25,000
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 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.
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
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?
$160-$200/yr (custodial fees)
Free IRA set-up and storage
Up to $10,000 or more in free silver (with a qualified account)
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:
- Navigate to Lear Capital’s website and locate the Gold IRA Account form.
- Enter the initial investment capital amount you are interested in depositing.
- Review your identifying information and other details and submit the form.
- 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).
- Wait five business days for your funds to clear and enter your Lear Capital account.
- 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?
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.
Founded in 1997, Lear Capital is a leading precious metals company to investors and institutional clients.
Product Brand: Lear Capital