Have you ever heard of Regal Assets? If not, you’re in luck, because that means you probably haven’t invested with them.
Regal Assets is an IRA company that specializes in gold. It’s a company that basically lets you convert your cash/investment holdings into gold and other precious metals; supposedly for safety in retirement.
High Paying Affiliate
I first heard of Regal Assets in a blog post that was discussing the top paying affiliates. Regal Assets was on the list, and the writer stated that they paid super high commissions. This was one of the only companies on the list that was in the financials sector, so like any awesome PF blogger I immediately signed up for the affiliate program. And then I started doing some research.
I found so many blog posts avowing the awesomeness of Regal Assets. This company was featured in Forbes, the Huffington Post, and Smart Money! But I didn’t stop there, I decided to find out what these major players in the financial industry were saying about this amazing company.
Unfortunately for Regal Assets, this is where the amazing opportunity started to unravel. I could not find one legitimate article on Regal Assets from any of these big publications. The only legitimate thing I found was that it was featured in INC Magazine’s list of 5000 growing companies back in 2013-ish but there is very little information posted about the company in that article, and I couldn’t find them anywhere else on INC’s website. I did find the Forbes article that they mentioned, but it was written by the CEO of the company, and it isn’t even posted on the Forbes website. That seems a bit fishy to me.
The Regal Assets website itself even lists that it was featured in all of these places, but there are not any links to the articles. I would understand this if the company has been around since the 1980’s, and all of their featured articles were from before the time of the internet. But Regal Assets was founded in 2009, and we all know that anything posted on the internet stays forever. So why wouldn’t the company link to the articles? And why couldn’t I find any of the articles through a google search? That seems shady to me.
So is it a scam?
But is Regal Assets a scam? To be honest, I don’t know. I have found some stories on mainstream finance websites about their new bitcoin IRA, which seemed like a really interesting idea to me. There was a post featured on Market’s Insider (a subsidiary of Business Insider I believe) about this new fund.
Unfortunately, the article was a Press Release issued by the company. It wasn’t written by an independent journalist. This seems to be a common theme with this company. I haven’t found any non-affiliated journalists, market insiders, or financial experts talking about the company at all. To me, this is a huge red flag.
Red flag number two is that a great deal of the affiliates (blogs, you-tubers, etc) open with “is regal assets a scam?”. If you have to get customers by promising you aren’t a scam, you’re probably a scam.
No Solid Proof
I can’t say for sure that Regal Assets is a scam. It may be a totally legitimate company who’s marketing just rubs me the wrong way. But I am not going to invest with them. I would advise you to do your own research and make your own educated decision before investing with them, but then again, you should be doing that all the time anyway. Happy Investing!