American Bullion: The Short Answer
American Bullion has been in business since 2009 and offers gold IRAs with a low $25 setup fee and $225 a year in custodian and storage fees. LendEDU reports spreads of 7% to 10% on bullion and up to 23% on other products, which are significant. For retirement savers, we prefer Augusta Precious Metals and Noble Gold.
American Bullion at a Glance
| In business since | 2009 |
|---|---|
| Recommended IRA minimum | $10,000 |
| Reported fees | $25 setup; $225/yr custodian and storage |
| Reported spreads | 7%–10% on bullion; up to 23% on other purchases |
| Metals | Gold, silver, platinum, palladium |
| Custodian | STRATA Trust |
| Depository | Delaware Depository |
| Ratings (Mar 2025) | BBB A+ (accredited since 2011); Trustpilot 4.9; Google 3.8 |
Source: LendEDU.
Why the Spread Matters Here
American Bullion's account fees are low, but LendEDU reports spreads of 7% to 10% on bullion and up to 23% on other products. On a $50,000 purchase, a 10% spread is $5,000, far more than years of $225 annual fees.
Spread vs Annual Fees on a $50,000 Purchase
Illustration using the top of LendEDU's reported bullion spread range.
Run your own numbers in the gold IRA fee calculator, which includes a spread input.
Products and Storage
American Bullion offers all four metals, with IRAs held at STRATA Trust and metals stored at Delaware Depository, per LendEDU.
Ratings
LendEDU's March 2025 snapshot showed an A+ BBB rating (accredited since 2011), a 4.9 Trustpilot score, and a 3.8 Google score from a smaller number of reviews.
What a 7%–10% Spread Means in Practice
| Purchase | Spread at 7% | Spread at 10% |
|---|---|---|
| $25,000 | $1,750 | $2,500 |
| $50,000 | $3,500 | $5,000 |
| $100,000 | $7,000 | $10,000 |
Spreads vary by product and market conditions. Ask every company for the price per ounce and spot price on identical products.
American Bullion Pros and Cons
Pros
- Low $25 setup fee
- Published annual fee
- All four metals
- A+ BBB, accredited since 2011
Cons
- Reported spreads of 7%–10% on bullion
- Up to 23% on other products
- Lower Google score
How American Bullion Compares With Our Top Picks
| Augusta Precious Metals | Noble Gold | American Bullion | |
|---|---|---|---|
| Reported minimum | $50,000 | $20,000 | $10,000 recommended |
| Reported fees | ~$225/yr; zero fees up to 10 years (qualifying) | $80 application; $275/yr | $25 setup; $225/yr |
| Metals | Gold, silver | All four | All four |
| Support / buyback | Lifetime; salaried educators (company-stated) | Assigned specialists; stated buyback | Not detailed |
Augusta and Noble Gold figures from Yahoo Finance and independent reviews; see our Augusta review and Noble Gold review.
Who Should Consider American Bullion?
American Bullion may appeal to buyers focused on low account fees. Always compare its quote, including the spread, with written quotes from our top picks on the same products.
Questions to Ask Before You Sign
- What are the setup, custodian, and storage fees, in writing?
- What is the price per ounce and the spot price for each product you recommend?
- What would the order cost without any bonus or promotion?
- Which custodian and depository will hold my account?
- How is your buyback price calculated?
Augusta's company comparison checklist and our 10-point checklist cover these in more depth.
Our Verdict
Low account fees don't help much if spreads are high. Augusta (for $50,000+) and Noble Gold (for $20,000+) are our recommendations; ask both for written quotes and compare total metal received.
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Frequently Asked Questions
Is American Bullion Legit?
Yes. It has operated since 2009 and is BBB-accredited with an A+ rating.
What Are American Bullion's Spreads?
LendEDU reports 7%–10% on bullion and up to 23% on other purchases.
What's American Bullion's Minimum?
A recommended $10,000 for gold IRAs.
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Augusta Precious Metals' free kit explains costs, risks, and what to ask any gold IRA company.
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