What is Treasure Coast Bullion Group?Treasure Coast Bullion Group Locations, Timings, Email, Phone, Services
Treasure Coast Bullion Group (TCBG) is a private precious metals company based in Jupiter, Florida. Since its inception in 2007, the company has become one of the region’s largest and top-rated bullion dealers.
The company states that since the beginning, it has educated customers on the benefits of diversifying into the precious metals market. Treasure, in collaboration with its Trusted Service Providers, provides a level of freedom and professionalism that will lead customers through their investment experience.
Treasure Coast Bullion Group takes pride in providing its clients with ongoing education on the fundamental and technical analysis of the precious metals market, as well as ideas on how current financial and geopolitical events affect the markets. They believe a well-informed customer becomes a long-term customer.
Furthermore, the organisation offers a comprehensive selection of gold, silver, platinum, and palladium bars and coins. They keep their product catalogue simple and consistent, ensuring that they always have a sufficient inventory of each product.
If you have questions about a prospective order, a completed transaction, or an order in process, you can contact TCBG via their Contact Us page, email support, or phone support.
Address: 3900 Military Trail #500, Jupiter, FL 33458, United States
Timing: 8:30 AM-5 PM
Phone: +1 800-982-6105
People Behind Treasure Coast Bullion Group: CEO, Owner, Co-Founders & MoreWho owns Treasure Coast Bullion Group? What is the management team behind Treasure Coast Bullion Group?
The company provides no information on its team members on its website, which could be a red flag for potential clients who prefer transparency in every aspect when they plan to invest. However, after looking deeper, I found little information about two team members, the President and the Senior Precious Metals Advisor.
David Love: President
According to public data, David Love is currently involved with two companies. He is Treasure Coast Bullion Group’s President and a Director of Metalsedge Group, Inc. Companies were founded all over sixteen years, with the most current being incorporated in September of 2020, two years ago. All of the companies are still in business. Apart from this, we could not find any information about David Love.
Ryan P. Derda: Sr. Precious Metals Advisor
Ryan P. Derda is a Senior Precious Metals Advisor at TCSG. He joined the company in 2019, and prior to that, he was Co-Founder and Fund Manager of Nodemads, LLC, or Crypto Asset Hedge Fund. He also worked for five years as the Managing Partner at MoneyTree Financial, LLC. With fiat currencies worldwide on their way to zero, Ryan believes he helps his clients move out of bursting fiat currencies into sound money, precious metals, and crypto assets.
Treasure Coast Bullion Group Products: Bullion Coins, Bars, And Rare CoinsAll products offered by Treasure Coast Bullion Group
Treasure Coast Bullion Group provides a broad range of physical gold, silver, platinum coins and bars, as well as precious metal IRA accounts.
The company also offers its customers educational tools on precious metals investing, such as market updates, investment methods, buying gold and silver advice, and more.
Gold Coins & Bars
Investors can purchase gold coins and bars whose weight, content, and purity are guaranteed by the United States government. The company offers coins from numerous mints and countries, including the United States, Canada, Austria, and South Africa.
Some of their most popular coins include the American Buffalo, American Eagle, British Sovereign Gold Coin, and Canadian Maple Leaf. Clients looking for bars can choose from Credit Suisse, Valcambi Bullion, and Kilo Bars.
Silver Coins & Bars
TCBG additionally offers silver coins and bars, with the same high quality as their gold inventory.
They include 1 oz Buffalo Silver Stackable Rounds, 1 oz Silvertowne Saint-Gauden Silver Rounds, Humpback Whale Silver Rounds, Morgan Silver, and other items. They also sell COMEX-approved bars in a variety of sizes.
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Platinum coins and bars are yet another option for portfolio diversification.
Their supply and demand dynamics are tightening, and their pricing is more appealing these days.TCBG only provides Credit Suisse Platinum Bars and Platinum Canadian Maple Leafs on their website.
How to Invest in Treasure Coast Bullion Group IRA?Step-by-step guide for investing in Treasure Coast Bullion Group IRA
Time needed: 15 days
To invest in a precious metals IRA through Treasure Coast Bullion Group, here are the general steps:
Open a Self-Directed IRA
Select an IRA company that handles opening precious metals IRA accounts and fill out an application. You can work with Treasure Coast Bullion Group to recommend an IRA company and provide the necessary paperwork. However, I don’t recommend doing so.
Fund Your IRA
Once you have selected an IRA company, you can move your funds into your new IRA account. You can work with the IRA company representative to transfer or rollover funds into the new account.
Select a Precious Metals Dealer
One of the forms you need to fill out along the way is typically called a Buy Direction Letter. This is where you list the precious metals dealer you have selected, such as Treasure Coast Bullion Group
Decide Which Precious Metals to Purchase
You can choose to invest in gold, silver, platinum, or palladium for your IRA. There are some restrictions regarding fineness requirements and allowable coin types, so it’s important to get guidance from Treasure Coast Bullion Group in this area.
Place Your Order
Once the funds are available in your IRA account, you can call them to place your order for the desired precious metals.
However, I don’t recommend opening an IRA with them. Why? Because there are plenty of better options available for you.
Opening a precious metals IRA is a major decision. That’s why I suggest checking out our top gold IRA providers list. There, you can find the best precious metals dealer of your state and choose accordingly.
Also, the list will help you understand what the industry’s best has to offer and what you might miss out on.
Learn More About Gold IRA
Are you unfamiliar with gold IRAs? Then, you can learn more about how a gold IRA works below:
Treasure Coast Bullion Group Fees and Charges: Do they overcharge?What are their fees? Do they have hidden fees?
Treasure Coast Bullion Group website does not disclose its fees and charges. This could be one of the company’s most serious flaws. Potential clients may be concerned about the lack of transparency related to fees. It could be particularly challenging for those who appreciate clarity and wish to make informed decisions.
Potential clients may have difficulty comparing the costs of using its services to those of other similar suppliers if fees and charges are not clearly available. As a result, deciding if the possible advantages and services provided by the company justify the related expenses can be difficult.
In a business where trust, openness, and accountability are essential the lack of fee information on the website could lead some investors to be concerned. Clients may wonder why pricing information is not accessible and whether there are any hidden fees or unexpected charges associated with using the company’s services.
Companies like Augusta charge ZERO fees for up to 10 years and allow you to choose your own gold & silver. Treasure Coast Bullion Group on the other hand provides fewer options.
Treasure Coast Bullion Group Reviews and Complaints: BBB, Trustpilot, Sitejabber Read all the Treasure Coast Bullion Group reviews & complaints
Better Business Bureau (BBB)
Treasure Coast Bullion Group has received A+ and 4.79-star ratings on the Better Business Bureau (BBB) platform based on multiple customer reviews and complaints. There are a total of 19 customer reviews, with the majority of them praising customer service and qualified advisors. However, despite the fact that they have been in business for ten years, this business is not BBB accredited, and customers have left a few negative reviews, with five complaints closed in the last three years.
Treasure Coast Bullion Group has received #5 complaints on BBB
Treasure Coast Bullion Group has received several unresolved complaints from customers. There are also several unresolved negative reviews on different platforms. Our #1 rated gold IRA company has ZERO unanswered complaints on BBB.
TCBG has a 4.8-star rating out of 5 on Trustpilot, one of the most reputable business rating platforms for customers, based on numerous customer reviews. There are 150 customer reviews in all, with the majority of them praising the company’s services and products. Only 5% of customers have left negative feedback.
On Yelp, TCBG has a 3.5-star rating, which is considered neutral. There are only 6 customer reviews. However, the majority of them are positive, with customers praising customer service and the advisors’ expertise; however, it is also important to note that there are negative reviews too, with customers complaining about how they lost money by investing in TCBG and how badly their employees treat customers.
According to the above-mentioned rating platform, TCBG does not have a very strong online presence. Where the company has high ratings and reviews on Trustpilot, and many consumers have praised the services and products. However, the absence of a BBB accreditation and a few serious customer reviews are raising concerns.
#1. A satisfied customer stated that Ryan Derda is his go-to person for financial guidance and that he is grateful to know him. The customer also claimed that he is now in the field of investing because of him.
#2. Another customer stated to have completed another transaction with TCBG. He added that they were very informative regarding the recent stock market and economic collapse. At last, the customer expressed appreciation for the extra time they spent with him discussing the various products and services available to him.
#3. A client mentioned Treasure Coast Bullion Group’s staff is highly respectful and patient when discussing the entire procedure. She felt extremely comfortable carrying out the plan of when profits would be taken and when all interaction would cease after the first launch funds had been repaid. Overall, the customer felt quite comfortable with her decision of getting a Silver account.
#1. A customer stated an alarming reveal about TCBG, saying that it looks like this the company is trying to load up some positive reviews to cover for what happened to many people in March. He stated that it was a terrible experience and that the company was extremely dishonest. At last, he advised everyone to avoid doing business with this company.
#2. Another customer indicated the same event, claiming that his funds were also wiped out on the same March night and that the company is dishonest. He expected something totally opposite from this company, but that was not the case here. The customer went on to say that there was a silver collapse over the weekend, which provided this company with a perfect chance to wipe away every client’s money.
#3. An investor stated that investing in silver is a good idea and that this company works like a broker, pressuring you to make quick decisions and constantly pushing you to invest more. The investor further stated that while this company appears to be a silver expert, they are not.
Treasure Coast Bullion Group Lawsuits: UniCourt, Justia, CasetextHave its customers sued Treasure Coast Bullion Group?
Several lawsuits have been filed against the TCBG company, which is a major red flag for potential investors. A few of filed lawsuits have been mentioned below:
On 04/03/2020, Edgar Serna filed a Labour lawsuit against Treasure Coast Bullion Group. This case was filed at the Los Angeles County Superior Court, Spring Street Courthouse in Los Angeles, California.
On 01/26/2021, McGann, John A filed a Contract – Business lawsuit against TCBG. This case was filed in Palm Beach County 15th Judicial Circuit Courts, Main Branch in Palm Beach, Florida.
On 10/04/2019, Mark Cavener filed a Labour – Wrongful Termination case against TCBG. This case was brought at the Los Angeles County Superior Court, Santa Monica Courthouse in Los Angeles, California.
Thompson sued Treasure Coast Bullion Group, for Property – Personal Property Fraud on September 25, 2018. This case was brought in the U.S. District Court for the District of Nevada.
Our top companies have a clean background and aren’t involved in any kind of major legal dispute. You can check out the list here.
Is Treasure Coast Bullion Group Legit? Should You Invest With Them?Is Treasure Coast Bullion Group a scam or legit? Are they worth it?
No, I don’t recommend investing with them.
Free educational resources
Decent product selection
Provide no information about fees & charges
Lack of transparency regarding their team
Received many negative reviews online
Not a BBB-accredited Business
Faced several lawsuits
Overall, Treasure Coast Bullion Group offers a few benefits that set them apart from other precious metals companies. They have years of experience in the industry, provide financing options for their clients, and provide access to educational resources regarding investing in gold and silver.
It is a legitimate company with which investors can work.
However, there are various red flags that should be considered before investing with them, such as the fact that they are not a BBB-accredited company and that they have received a lot of customer complaints and lawsuits. Also, there is a lack of transparency about fees and charges as well as team members.
Because of the above-mentioned reasons, I don’t recommend doing an investment with them.
Each state has its own regulations and rules, so we’ve sorted and found the best Gold IRA company for each state.