Q: Will you buy back my gold and silver products if the price goes up?
A: Yes. We provide a two way buy – sell market.
Q: What is the spread?
A: The spread is the difference between the bid price and the asking price.
Q: Is my transaction reportable to the government?
A: In most cases no. We must file IRS Form 8300 for any cash payment(s) made for a single transaction that total more than $10,000. A single transaction cannot be broken down into multiple transaction to avoid reporting.
Q: How do I fund the transaction?
A: We accept bank wires, personal checks, cashier’s checks, money orders, credit cards (Visa, Master Card, American Express, and Discover).
Q: How long does it take to get my shipment after I place the order?
A: Bank wires and cashier’s checks ship in 3 – 5 business days. Personal checks and credit cards ship in 7 – 10 business days. Some products may take longer to ship based on availability.
Q: How do I sell my coins and bars?
A: We recommend you send your metals to us using Registered US Mail. Call us with the registration numbers and the sale can be “locked in” with our trading department. You will receive your certified check within 10 business days.
Q: Can I put precious metals into my IRA?
A: Yes. There are options available for tax free transfers and rollovers into Traditional or Roth IRA`s. For more information or to request information please contact us at: info@privatebullion.com, or call 888-928-3390 to speak with a representative.
Q: Where do I store my precious metals?
A: We recommend you purchase a safe to privately store your precious metals. If this is not possible, find a private place in your home where you can store the metals. You may also consider a safety deposit box.
Q: What is the maximum amount I can charge on my credit card?
A: Midwest Bullion Exchange, Inc. accepts credit card purchases up to $1,500.00 per month.
