Precious metals such as gold, silver, and platinum have long been considered to be worthwhile investments.
Some investors choose to invest in precious metal stocks and funds, while others prefer purchasing physical bullion through a bullion dealer to diversify their portfolios.
Enter SD Bullion (SDB), a company that claims to provide its customers with the lowest cost bullion available.
So does SDB really offer the absolute lowest prices, and is it worth purchasing platinum, gold, and silver bullion (or other metals) from them?
This SD Bullion review will explore just that!
SD Bullion Review: Overview
SD Bullion deals in bullion transactions and claims that they offer the most competitive prices for gold, silver, platinum, and more.
The company sells bullion of all kinds, such as platinum, gold, and silver bullion, and claims to offer the lowest price on precious metals.
SD Bullion Review: What Is SD Bullion?
SDB is an online retailer that specializes in bullion as an investment. They offer a variety of precious metals that can be purchased directly through their website.
Originally, all sales were completed by telephone order, however, in 2012 an online website purchasing option was launched by the company and since then has gained industry market share as one of the best options in the USA for purchasing bullion at low prices.
SD Bullion Review: Who Owns SD Bullion?
The company was started by two doctors who realized that there were very few options for investors looking to purchase bullion online.
For this reason, the two friends, who met in medical school, and invested in bullion themselves, decided to create a way for the average person to more easily invest in the asset.
The two doctors originally launched SilverDoctors.com in 2011, a website that set out to educate others on the importance of investing in bullion.
A year later, SD Bullion debuted as a way to meet the public’s demand for low-cost bullion and precious metals.
Today, the company is owned by Dr. Tyler Wall, who acts as the CEO of the company.
SD Bullion Review: How Does SD Bullion Work?
SD Bullion’s website is very straightforward and easy to use.
All you have to do is browse the selection of products they have available and add your selection to your cart.
If an item on the website is not in stock, you can choose to be notified when it becomes available.
Once an item is added to your cart, you will need to continue checkout via the checkout page in order to lock in the price offered.
You will then have various options for completing payment.
SDB accepts the following as a payment method:
- Bank wire or wire transfer
- Personal check
- Cashiers check
- Postal money order
- Credit/Debit card
It should be noted that once you go through with the purchase and lock in the price, you have entered into a binding agreement.
The order cannot be canceled without penalty, even if the spot price of the asset were to decrease. If canceled, the buyer will be responsible for a cancellation fee of 3%-5% as well as any market loss, and a possible restocking fee.
Your order will then be shipped to you fully insured in discreet packaging.
SD Bullion Review: Free Gold and Silver Investing Guide: 21st Century Gold Rush Review
SD Bullion offers a completely free gold and silver guide that can be ordered on the website.
The guide is aimed to educate people on how to invest in bullion, and why doing so may be a good decision.
The free guide discusses the fundamentals of investing in, buy, and store bullion, as well as a good amount of information on the precious metal market.
You can get your free copy of the e-book by simply entering your email address on the company website.
SD Bullion Review: What Does SD Bullion Offer?
There are numerous products that the website offers.
Let’s take a look at what all is available and discuss some of the features of each offering.
Products available include:
- Specialty Precious Metal
- Water Filters
- Survival Food
- Palladium and Copper
- Gold and Silver IRAs
- Precious Metal Storage
- Gold and Silver News
SD Bullion Review: Bars
SDB sells gold bars, silver bars, and platinum bars, as well as bars for other metals.
Gold bars are available in weights ranging from just 0.5 grams all the way up to 1 kilo!
The selection of silver bars starts at 1 oz and can also be purchased as a 1-kilo bar and 1,000 oz silver bars.
Platinum bars are available in weights of 1 gram, 5 gram, 10 gram, 20 gram, 50 gram, 1 oz, and 10 oz.
Copper and palladium bars are also available on the site.
The bars are available in a variety of mints, and each specific mint of the bar is detailed in the product description.
SD Bullion Review: Coins
SD Bullion also offers a wide selection of coins for purchase as an investment.
The website offers platinum, silver, and gold coins, special mints, numismatic coins like American Eagles (including Silver Eagles, Gold Eagle, and Platinum Eagles), Royal Canadain Mint, and other collector coins.
SD Bullion claims to be the largest online coin retailer with the lowest prices available.
You can find almost any kind of coin that you are looking for and easily purchase it through SDB.
Should a specific coin not be available, you can ask to be notified once it is in stock.
SD Bullion Review: Specialty Precious Metal
One unique offering of SD Bullion is their specialty precious metals.
These include ammunition such as silver bullets in a variety of calibers and weights.
The bullets are actually replicas and not intended to be used as real ammunition.
According to the website, silver bullets are “hidden treasures in the precious metals industry” and offer a unique way to invest in silver.
SD Bullion Review: Selling
SDB will also buy your precious metal, should you be looking to sell.
They claim to offer the highest payout in the industry. In fact, this claim is even guaranteed.
The selling process is pretty straightforward and simple, with a fairly quick payout as well.
To sell your metals to SDB, you will need to call them at 1-800-294-8732 and an SD Bullion rep will answer any questions you have about the buyback or selling process and lock in a selling price.
After that, you will receive a purchase order that includes a shipping address to print out and include with your metals.
Once SD Bullion receives your package, the inventory team will inspect the products for authenticity.
When your metals are verified and approved, payment is issued within 1-3 business days.
SD Bullion Review: Water Filters
One of the more interesting products SDB sells is water filters. Yes, you read that correctly.
While these are not really related to precious metals in any way, the website still offers a selection of water filters made by a company called Berkey.
These appear to be high-end water filtration products that have solid online reviews and provide top-of-the-line water purification.
The filters start at around $250, with some models selling for as much as $450.
While most of the Berkey water filters are not actually in stock on the website, there is an option to be notified when the item becomes available.
SD Bullion Review: Survival Food
Along with the unique offering of water filters, SDB also sells survival food on its website.
They carry a small selection of ReadyWise emergency food supplies and NuManna GMO-free survival foods and survival food storage options.
As with the water filters, most of these products are not currently in stock, however, you can be notified when an item becomes available should you wish to purchase.
SD Bullion Review: Palladium and Copper
SDB offers other options for investing in precious metals aside from just silver, gold, and platinum.
Both palladium and copper are available to purchase on the website in the form of both bars and coin.
According to SDB, both of these metals are becoming increasingly popular as an investment, especially since the United States Mint recently released the first palladium-based official coin.
The company also claims that investing in these metals is a cost-effective way of diversifying a precious metals portfolio.
SD Bullion Review: Mint
SD Bullion provides a selection of mint coins in what is called MintCertified™.
This means that you can purchase some of the latest coins for your portfolio that will arrive in impeccable condition.
MintCertified™ purchases are guaranteed to be delivered to you in the same pristine condition as when they left the Mint (the coin manufacturer.)
SD Bullion Review: Accessories
A variety of precious metal-related accessories are also on offer via the website.
These include metal cleaners, bullion bags, coin storage, and tools for testing the purity of different types of metals.
SD Bullion Review: Gold Silver IRAs
SD Bullion also offers a way to fund an IRA with silver, gold, and platinum.
These types of IRAs have become increasingly popular and offer an alternative way of saving for retirement versus simply funding an IRA with other types of investments or via a 401K.
SDB offers a premium selection of IRA-approved precious metal products and can put you in touch with a trusted IRA custodian who can help you fund your IRA with precious metals, or even start a precious metals IRA separate from the one you currently hold.
SD Bullion Review: Precious Metals Storage
You can also use SD Bullion to store your precious metals.
With the precious metals storage offering, you can safely store your precious metals outside of your home in a fully insured non-bank depository specifically designed for bullion.
This service, called SD Depository, offers low prices for precious metal storage starting at just $9.99 per month.
By storing your precious metals with SDB, you will get top-notch security and will be able to easily take delivery of your precious metals in storage at any time.
You can also add any items you acquire to your storage at any time.
SD Bullion Review: Gold and Silver News
The SDB website also has a blog that provides up-to-date information and news about the precious metals market.
The articles on the blog cover stock news, mid-week reports, price fluctuations, and other updates related to the precious metals industry.
Gold and Silver News is a great resource for anyone interested in investing in precious metals that is completely free to access.
Simply click on Gold and Silver News under the resources tab on the website.
SD Bullion Review: Refund Policy Review
If you are not satisfied with your order, you can submit a return request by contacting a representative via phone, email, or online chat.
If an exchange is requested SDB will send an acceptable replacement or refund your purchase if a replacement is not available.
Any product must be returned exactly as they were sent to you, meaning the item must be in the original package and condition.
You will be responsible for any costs related to returning any items for refund or exchange. However, SDB will cover the shipping cost of sending the exchanged item back to you.
Returns are subject to a 5% restocking fee or $35, whichever is higher, as well as market loss at the discretion of SDB.
SD Bullion Review: Is SD Bullion Safe?
SD Bullion is completely safe to use when it comes to purchasing, or even selling bullion.
The company has a rating of A+ from the Better Business Bureau.
When it comes to receiving your order, you do not have to worry much since packages include insurance and are shipped using a pseudonym as the name for the return address in order to protect the confidentiality of the contents within.
SD Bullion Review: Is SD Bullion a Reputable Company?
We can find no reason to believe that SDB is not a good company.
According to customer reviews, items are delivered just as described on the website and there seem to be very few complaints regarding purchases made through SDB.
Additionally, the company appears to have good customer care and it is easy to reach customer support during business hours with any questions or concerns regarding an order.
SD Bullion Review: Is SD Bullion an American Company?
SDB is an American company that is based in Ottawa Lake, Michigan.
In 2017, SD Bullion was named the 177th fastest growing company in the United States by Inc. Magazine.
The company website claims that it is the #1 fastest growing precious metals dealer in the US.
SD Bullion Review: How Much Is SD Bullion Worth?
Since SDB is a private company and not publicly traded, there is little information about the company’s financials.
However, the SDB website states that the company had annual revenue of $129.6 million in 2016.
According to the site Owler.com, SDB’s current estimated annual revenue is $628 million, although this is just an estimate.
SD Bullion Reviews: Pros and Cons
There are a few pros and cons that come along with using SDB to purchase bullion.
Let’s take a look at them now.
SD Bullion Pros
- Free shipping on orders over $199.00
- Fast delivery
- Cheaper prices compared to other dealers
- Wide selection of bullion available
- Purchases include insurance
SD Bullion Cons
- Hefty cancellation fees that include a stocking fee and market loss
- Not all items are in stock
SD Bullion Review: Is SD Bullion Right for Me?
If you are looking for low prices on bullion, SD Bullion may be a good option.
The company has a solid reputation and offers what appear to be some of the lowest prices in the industry.
So, if you are looking to diversify your portfolio with precious metal investment, SDB might be just what you are looking for.
SD Bullion Reviews by Investors
SD Bullion claims that according to a post purchasing survey that customers were 100% satisfied with their purchase.
But let’s take a look at some customer reviews from other sources.
The company has an impressive A+ rating from the Better Business Bureau and very positive reviews on the site.
Crystal W. left a review saying,
“Absolutely the best prices on the internet with great follow through. I get my purchases on time and a follow up making sure I received my order. Highly recommend!”
Rick C. wrote,
“Great prices and quick delivery. I have ordered from them several times and the service is consistent.”
It appears that overall, most customers are happy with their experience and have good things to say about SDB.
Final Review: Is SD Bullion Worth It?
SD Bullion is certainly a leader in the precious metal industry.
The wide selection of products, as well as the highly competitive prices, make it a top choice when it comes to purchasing silver, gold, and platinum bullion as an investment.