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Regalassets.com is a site that purports to provide investing opportunity in precious metals like Gold, Silver, Platinum and Palladium.
Regal Assets LLC assumes that investors can grow their IRA by diversifying through precious metals and Cryptocurrencies.
In addition to this, they sell designer watches on their site.
Minimum deposit is $5,000. The company was founded by Tyler Gallagher who is using a similar business model to WorldMarkets.com.
Regal assets is operating from 280 South Beverly Drive, 5th Floor
Beverly Hills, CA 90212 and investors can also contact them through phone (1 877 962 1133).They recently launched their Dubai DMCC office to serve an international audience.
Regal Assets products include the following:
1.Precious metals (Bullion)
2.World Gold Coins, Liberty head, st Gaudens, Indian Head and Silver coin
3.Morgan dollar, Peace dollar, Junk silver and Proof coinsGold IRA seems to be Regal Assets’ main product. However, investors who are interested in this product cannot find information about fees on the website.
Regal assets offers a number of storage options for those who want to buy precious metals from them.
However, they can also deliver your Gold to your doorstep if you prefer storing at home in a safe.
Is Regal assets a scam?
I see that it has been there since 2008 and has real people and real physical addresses.
However, a point of concern is that this company is not regulated in the US where it serves its clients financial products.
The SEC does not know about it and so is the case with FINRA and CTFC. It is required for such companies to hold a license because they’re dealing with securities.
The other thing is that this company has heavily invested in PR exercise and strong marketing campaign.
It seems any criticism or negative comment is quickly pushed down Google results before it ever hits any eyeballs.
They got the financial muscles to do so anyway.
I would encourage investors to approach Regal Assets with caution because its reputation is just too good to be true.
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