Payment Terms & Privacy Policy

IDP Consulting Group offers a wide selection of high quality bullion and semi-numismatic coins for investment in gold and silver. All order confirmations are “locked-in” with a corresponding IDP confirmation number for every purchase transaction. This means that all trades are binding upon both buyer and seller and may not be revoked, rescinded or altered regardless of market volatility or price discovery on major indexes. An ‘Order Confirmation and Invoice’ is promptly mailed to all client records prior to shipment of precious metals. All coins and bullion products are discreetly shipped in plain brown packaging and are either shipped registered and insured by the USPS or fully bonded UPS shipments within the continental United States. IDP Consulting Group liability, either in tort or contract, shall be limited to replacement of any defective goods, excluding incidental or consequential damages.
 
Payment settlement for all precious metals transactions are payable to IDP Consulting Group by bank-wire within 24 hours unless other arrangements are made. IDP Consulting Group will accept personal checks that are drawn on domestic banks and these checks will be held for 14 days prior to shipment of all precious metals orders. We do not accept money orders, traveler’s checks or personal checks that are drawn on foreign banks. All cashier’s checks over $10,000 are accepted and we are allowed three days for deposit of good funds. It is the intention of IDP Consulting Group to provide quality products and service for our clients. Occasionally, retailers will offer special promotions or “loss leaders” to attract customers. If IDP clients are offered coins or products that are part of our normal product line we will make every effort to meet or beat our competitor’s prices upon notification.

It is our policy at IDP Consulting Group to honor our client’s privacy and confidentiality unless required by IRA regulations or existing federal laws. To better assure our client’s privacy we do not accept cash in excess of $10,000 for precious metals purchases. The Department of the Treasury and IRS has defined “cash” as various financial instruments that are reportable on Form 8300 by all financial institutions. Pursuant to Section 352 of the USA PATRIOT Act adopted on July 11, 2005, and renewed on May 26, 2011, we are also required to secure proper ID and valid addresses for prospective clients in order to prevent “money laundering” and other “terrorist” activities. IDP Consulting Group collects contact information submitted online or by mail for marketing purposes only. Your personal information is never “sold” or “rented” to any third party for marketing purposes without your consent. IDP Consulting Group uses this proprietary information strictly for sending notices and free IDP reports.
 
Finally, IDP Consulting Group is required by law to report certain precious metals liquidations on a Form 1099-B each January for prior year transactions. These precious metals include, and are not limited to, 90% bags of pre-1964 silver coins, gold and silver bars in various weights, gold coins minted in Canada, Mexico and South Africa along with platinum and palladium in excess of 25 troy ounces (Title 26, CFR 1.6045-1; Rev. Proc. 92-103). It should be further noted that American Gold Eagle and American Silver Eagle coins and privately-minted silver coins are not dealer reportable when you sell them no matter what quantity. We mention this important fact because numismatic coin dealers advertising in the media (like FOX-TV) eagerly exploit ignorance and fear and force their clients into their overly-promoted and excessively-priced gold and silver rare coins strictly for “privacy” concerns that are not valid as noted elsewhere on this website.

IDP Consulting Group abides by the above reporting requirements and Precious Metals IRA accounts-holders enjoy tax-free capital gains that are only reportable on a Form 1099-R upon distribution of IRA assets for that calendar year. For more information you invited to contact our office and we appreciate your business and referrals.