Forrest S.
Gold Silver Group's Exclusive OPTION IRA
Gold Silver Group website advertises up to 30% tax savings at IRA distribution (if you buy the coin that they recommend) because of an IRS TAX LOOPHOLE (see point 5). GSG's sales pitch to me was the Polar Bear and Cub coin has bullion/melt value just like a Silver Eagle or Gold Eagle plus a collectible value since a limited amount were minted. The GSG salesmen said the bullion/melt value is taxed at IRA disbursement while the collectible value is not taxed and the collectible value of the coin could be up to 30% when I take the IRA distribution. To know a reasonable estimate of what the current collectible value is to you (you want to know the buy back price that another precious metal's dealer will pay you for the coin) find out the price that another precious metals dealer will pay you for the coin if they were to buy it from you. Compare the price that the other dealer will pay you for the coin to what the other dealer will pay you for a Silver Eagle or a Gold Eagle. Since Polar Bear and Cub comes in weights other than 1 oz. you will want to figure the price per oz. for each coin to make the comparison of it's current value. GSG reminded me doing the due diligence was my responsibility after I filed a complaint with the BBB of Silicon Valley and Los Angeles in 2016. The GSG salesmen said GSG would buy back the Polar Bear and Cub coin at the same price I paid for it adjusted for the bullion/melt value whenever I wanted to sell it minus his buy back fee of 12%. GSG answered my complaint to the Better Business bureau where I asked for a 5% buy back fee. GSG wrote that they would buy back the coin when I could profit from the transaction. Gold Silver Group fulfilled the obligations of the verbal contract I made with the GSG account representative.