Sanctuary Metals Reviews

Sanctuary Metals assists individuals in diversifying their financial portfolios through the sale of precious metals. It provides these metals via cash purchases and self-directed individual retirement accounts (SDIRAs).

Sanctuary Metals offers gold, silver, platinum and palladium as bullion or a variety of coins. It also offers free shipping on all purchases, whether through delivery to your home or an IRS-approved storage facility.

Sanctuary Metals serves clients both within the U.S. and internationally. Clients benefit from direct contact with the company owner rather than customer service agents or middlemen.

Sanctuary Metals provides access to investing in precious metals through both cash purchases and self directed individual retirement accounts (SDIRAs). Here’s how each process works:

Cash purchases

1. Explore product options: Visit the Sanctuary Metals website to browse various coin types in gold, silver, platinum and palladium.
2. Choose your products: Add your selected coins to your cart and proceed by clicking the checkout button.

3. Complete your purchase: While you can view and purchase coins 100% online, Sanctuary Metals prefers clients to complete purchases over the phone, especially if the purchase amount exceeds $1,000.

   Luke Losinsky, the CEO of Sanctuary Metals, said: "I have just found (phone purchasing) to be better for the customer. That way, we can explain which product would be best for them and their situation. Once we agree upon a product, we create an invoice for them and they can pay either by check or wire transfer while we walk them through every step."

4. Receive your metals: After your purchase is confirmed, your coins can be shipped directly to you, with free shipping for all cash purchases, including international orders.

Self-directed individual retirement accounts (SDIRAs)

1. Call Sanctuary Metals: Start by calling 949-861-7727, Monday through Friday from 9 a.m. to 8 p.m. Eastern. You can also arrange a phone appointment on a Saturday or Sunday by contacting Sanctuary Metals via email (info@sanctuarymetals.com) or online chat (available 24/7, though response times may vary).

2. Complete your application: Once on the phone, you’ll be directed to the website where you can fill out your application.

   Losinsky, the CEO, told ConsumerAffairs: “We want to emphasize that we will be holding the customer's hand through the whole process. That way they feel comfortable and understand exactly what they're doing.”

   Potential clients can also email Sanctuary Metals to request a link to the online application. However, the final setup will require a phone conversation.

3. Fund your account: After your application is approved, you’ll need to provide funding for your account. Clients can roll over funds from eligible accounts, such as 401(k)s. Once the account is open, the trust company will handle the rollover paperwork and communicate with your previous custodian.
   Note that a one-time account setup fee of $30 is required, along with an annual fee ranging from $225 to $275, depending on your storage preference.
4. Finalize your purchase: After funding your account, Sanctuary Metals will help you purchase your selection of precious metals. These can be delivered directly to you or stored in an IRS-approved depository. The company charges a low spread of 1% to 3% on all sales, including IRA purchases.

Sanctuary Metals offers a diverse selection of precious metal products to meet various investment needs. Customers can choose from different types of coins and bars, each with its own unique characteristics and appeal. The table below provides a brief description of each product type along with examples of available options.

Sanctuary Metals charges a premium (or spread) of 1% to 3% on all products, including those entered into self-directed individual retirement accounts (SDIRAs). For SDIRAs, a one-time account setup fee of $30 is required. An annual fee of $225 applies for nonsegregated storage (where your precious metals are stored with those of others), while segregated storage (where your items are stored separately) incurs a fee of $275.

If a customer rolls over more than $50,000 into an SDIRA, Sanctuary Metals will cover the first three years of fees by crediting their account with precious metals equal to the fee amount.

Sanctuary Metals offers a variety of precious metal products, with pricing that varies based on factors such as the type of metal and current market conditions. It provides free shipping on all products, both within the U.S. and internationally, regardless of whether your precious metals are shipped directly to you or to an IRS-approved storage facility.

Yes, Sanctuary Metals is a legitimate precious metals dealer and self-directed individual retirement accounts (SDIRAs) administrator. Losinsky, the CEO, stated: “We prioritize our clients' needs and strive to provide them with the best service possible.”

This commitment is reflected in Sanctuary Metals’ guarantees, including a buyback guarantee that allows customers to sell their precious metals back to it if needed. Sanctuary Metals is a good option for customers looking for a personalized investing experience with direct access to the company owner.