What is Bullion Trading LLC?Bullion Trading LLC Locations, Timings, Email, Phone, Services
Bullion Trading LLC stands out as one of the premier precious metal dealers in New York City. Located just two blocks away from Times Square at 20 West 47th Street, Lower Level #24, New York, NY 10036, their convenient location adds to their appeal.
With a history spanning 14 years, Bullion Trading LLC began as a precious metal refinery and has since evolved into a spin-off for Kahan Jewelry. They specialize in trading and selling gold and silver bars/coins and offer purchasing services for palladium and platinum.
Accessible online, their website provides comprehensive information about their services. However, experts recommend visiting their physical location for buying or selling transactions. Bullion Trading LLC is a popular choice among customers due to its reliability and diverse range of services.
Address: 20 West 47th Street, Lower Level #24 New York, NY 10036
Phone No:+1 646-362-3536
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People Behind Bullion Trading LLC: CEO, Owner, Co-Founders & MoreWho owns Bullion Trading LLC? What is the management team behind Bullion Trading LLC?
Yitz Kahan is the owner of Bullion Trading LLC.
Mr. Yitz Kahan: Owner
Yitz Kahan is the owner of this precious metals company. With several years of experience in the industry, Yitz has developed an extensive and in-depth knowledge of physical Gold & Silver investment products. His expertise allows him to guide customers effectively in making informed decisions about their precious metal investments.
One of Yitz’s notable strengths is his exceptional skill in sourcing and obtaining precious metals. Through his well-established network and deep understanding of the market, he ensures that Bullion Trading offers a wide range of high-quality precious metal products to its valued customers.
Yitz completed his education at the prestigious Research Center of Passaic, where he honed his business acumen and acquired the skills necessary to excel in the precious metals industry. His academic background, combined with his practical experience, makes him a highly regarded figure in the field.
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Bullion Trading LLC Products: Bullion Coins, Bars, And Rare CoinsAll products offered by Bullion Trading LLC
Bullion Trading LLC, a prominent precious metals dealer, specializes in offering a wide range of gold and silver products. Customers can rely on their extensive inventory to fulfill their precious metal investment needs.
Gold and Silver Products:
Bullion Trading LLC provides options such as gold coins and gold bars. These products offer investors a tangible and valuable asset to diversify their portfolios. Silver enthusiasts can also find a variety of options, including silver coins and silver bars. Bullion Trading LLC ensures that they maintain an ample stock of silver bullion and coins in various weights, making it convenient for customers to make purchases.
One notable product offered by Bullion Trading LLC is the 1 Kilo PAMP Suisse Silver Bar. This bar, produced by the reputable PAMP Suisse refinery, guarantees purity and is easily identifiable due to its patented production process. Buyers can take advantage of discounts when paying with Bitcoin or a check.
Another popular choice is the 1 Kilo Metalor Silver Bar. While maintaining similar purity levels, this bar offers a slightly lower price point, making it an attractive option for investors. Minted by the renowned Metalor Group, this bar displays distinct markings and insignia, highlighting its quality and purity.
For those seeking silver bars closer to the spot price, the 10 Ounces Secondary Market Silver Bar is a viable option. These bars have a lower price per ounce and contain 0.998 fine silver. This allows investors to acquire a significant quantity of silver at a more affordable cost compared to gold.
Platinum and Palladium Products:
In addition to gold and silver, Bullion Trading LLC also offers platinum and palladium bars and coins. The 1 Ounce Platinum American Eagle Coin is a unique offering as it is the only U.S. coin made of platinum. Featuring a depiction of the Statue of Liberty, this coin appeals to both collectors and investors. The company also provides platinum bars from different mints, ensuring a diverse selection for customers.
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Bullion Trading LLC recognizes the potential of casting grains, which are remnants of metals used in forging. These grains can be melted and utilized to create custom blends or larger items. The company offers options such as 24K Gold Casting Grain, 0.925 Sterling Silver Casting Grain, 0.999 Fine Silver Casting Grain, and 95.2 Pt / 4.8% Ru – Platinum Grain Casting.
The company also features a gift section. This section includes unique items like emblems, religious gold bars, and a guitar pick made from precious metals. These items make for thoughtful and distinctive gifts for friends and loved ones.
How to Invest in Bullion Trading LLC IRA?Step-by-step guide for investing in Bullion Trading LLC IRA
Bullion Trading LLC does not offer IRA services.
This is a drawback of Bullion Trading LLC that they do not offer IRA (Individual Retirement Account) services. This means that individuals looking to invest in precious metals within the framework of an IRA, which provides certain tax advantages for retirement savings, would need to seek alternative providers. The absence of IRA services at Bullion Trading LLC limits the options for individuals who specifically seek to incorporate precious metals into their retirement investment strategy.
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Bullion Trading LLC Fees and Charges: Do they overcharge?What are their fees? Do they have hidden fees?
The Potential drawback of Bullion Trading LLC is the lack of transparency regarding its fees and charges, as no information about them is available on the company’s website. This lack of transparency can make it difficult for prospective customers to fully understand the cost structure associated with buying or selling precious metals through Bullion Trading. Unlike some other companies that openly display their fee structures, Bullion Trading LLC does not provide precise details regarding the fees and charges involved in transactions.
While the website does provide the price for the metals available for purchase, customers are unable to negotiate the price, and the fees associated with the transactions remain undisclosed. This limited transparency might make it challenging for customers to make informed decisions and evaluate the total cost of their transactions. It is advisable for individuals considering the company to reach out to the company directly to inquire about its fee structure and clarify any uncertainties before proceeding with transactions.
Companies like Augusta charge ZERO fees for up to 10 years, allowing you to choose your gold & silver. Bullion Trading LLC on the other hand provides fewer options.
Bullion Trading LLC Reviews and Complaints: BBB, Trustpilot, SitejabberRead all the Bullion Trading LLC reviews & complaints
Better Business Bureau (BBB):
On the Better Business Bureau website, Bullion Trading LLC has an A+ rating with no customer reviews. They are since 14 years in the industry. No complaints have been filed and closed. This business is also BBB accredited on Better Business Bureau website.
BBB accreditation is a voluntary process through which businesses seek recognition and approval from the Better Business Bureau. Becoming BBB accredited means that a company has met specific standards of conduct and business practices set forth by the BBB.
On the Trustpilot website, Bullion Trading LLC has 3.7 stars out of 5-star ratings based on customer reviews. There are only 4 customer reviews on the website. The business has an average rating on Trustpilot.
On Trustpilot, an average rating refers to the overall average score given to a business or organization based on customer reviews. Trustpilot is a popular online review platform where customers can share their experiences and rate businesses.
The average rating on Trustpilot is typically calculated by aggregating the individual ratings given by customers and then determining the mean or average of those ratings. The rating scale on Trustpilot is often based on a five-star system, where customers can rate a business from one star (poor) to five stars (excellent).
On Google, Bullion Trading LLC has 4.8 stars out of 5-star ratings based on customer reviews. There are 52 customer reviews on Google, and most of them are positive, with customers praising the company’s excellent customer service, professionalism, and expertise.
Some Customer Reviews from online business rating platforms:
#1. Steve Kerr shares their recent experience with Bullion Trading after months of excitement about purchasing gold/silver. He conducted thorough research and contacted the company to gather more information about their policies.
Unfortunately, after being on the phone with an associate for just four minutes, Steve describes the service as “TERRIBLE.” The associate was perceived as rude and impatient, failing to provide the desired education and abruptly ending the call. Steve advises future buyers to exercise caution with dealers like this, emphasizing the importance of conducting research and working with someone who prioritizes customer service.
#2. Jewelforme Blue expresses a concerning experience, stating that they paid for a 1KG gold bar but never received it. He advises caution regarding the owner, Isaac, mentioning that there have been multiple complaints from other buyers.
It has been five months since the payment was made, and Jewelforme still does not possess the gold. They state that legal action may be necessary and suggest finding another dealer, branding Isaac as a scammer.
#3. According to Luigi, Isaac is highly knowledgeable about the gold market and was able to address all of his questions. The transaction proceeded smoothly, resulting in the best buying experience for Luigi.
#4. B.V. shares that he acquired his first investment gold block from this company, describing the purchase process as effortless. He returned for another smaller purchase and intends to revisit it in the future. B. V regards the company positively, praising its competitive prices and overall quality.
#5. According to Jay Ambrose, his experience with them was excellent. He describes it as a super easy and professional encounter. He found the staff very friendly, helpful, and the premises clean and secure. Jay expresses gratitude and highly recommends their services, mentioning that he plans to return in the future.
Is Bullion Trading LLC Legit? Should You Invest With Them?Is Bullion Trading LLC a scam or legit? Are they worth it?
No, I don’t think you should invest with them.
No, in my opinion, you should not invest with them. They have a limited online presence on trusted business rating websites. Furthermore, the company does not provide the option of IRA services.