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In today's ever-fluctuating financial landscape, diversifying your investment portfolio has never been more crucial. One of the most reliable ways to secure your financial future is through investing in precious metals like gold and silver.
However, with numerous companies offering these services, determining which one to trust can be challenging. This is where Advantage Gold stands out, having been rated the #1 Trusted Gold IRA Company seven times by TrustLink.
In this review, we will explore the comprehensive services provided by Advantage Gold, including their self-directed IRAs and Direct Delivery options. We will also examine their dedication to customer education and satisfaction, which has earned them a stellar reputation in the industry.
If you're considering adding a golden touch to your investment strategy, continue reading as we uncover what makes Advantage Gold a prominent name in the sector.
Before we get started with this review:
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About Advantage Gold
Advantage Gold specializes in gold and precious metal IRA rollovers. They're described as an industry leader, and there's a good reason for that.
Since they have a separate IRA department, clients that want to convert an existing 401(k) or IRA have all of the assistance that they need.
Furthermore, the company goes above and beyond to ensure that its clients have plenty of information.
The company takes the time to provide detailed information about gold and precious metals IRAs. They're happy to answer questions about the various coins available.
Also, Advantage Gold is dedicated to transparency. Service is swift, employees are experts, and pricing is very reasonable.
It can be difficult for novice investors to get the information they need, but Advantage Gold makes things simple with a First Time Gold Investor Program. Clients have detailed guidance from representatives.
Putting money into precious metals can be intimidating, but this company makes it easy.
In the program, investors will learn about several topics. They'll find out why having money in gold and precious metals can be beneficial, will learn more about the options available, and will learn how to roll over an IRA or create a new gold IRA.
As a bonus, clients that roll over at least $50,000 won't have to pay fees for their first year.
On top of that, anyone that puts at least $25,000 into their account can take advantage of a special discount. When you buy and take delivery of precious metals for the first time, they'll be shipped with full insurance for free.
You'll even be able to enjoy a lightning-fast delivery time of approximately two to three business days.
How Do Gold IRAs Work?
Normally, IRAs are funded by stocks, bonds, or paper currency. Gold and precious metals IRAs work differently. You can take some or all of the currency in an existing IRA and move it into precious metals.
While there are different options to choose from, Advantage Gold advises clients to put their money into gold bullion.
If you're curious about precious metal investment and would like to earn more, Advantage Gold offers a Gold IRA Guide. When you read through the guide, you can find out more about IRA rollovers.
You can even find out how to avoid taxes and fees during the process. Furthermore, the guide walks you through some of the key benefits of having money in gold. The stock market can be volatile, and inflation is always a risk.
By putting money into gold, you can protect your assets. It also discusses why it's important to have a diverse portfolio. Keeping all of your money in paper assets could put you at risk.
Anyone that wants to become an Advantage Gold client will have plenty of guidance. From the very start, you'll be assisted by an expert on precious metals.
How Much Does It Cost?
On the website, there isn't any information about what it might cost to roll over an IRA. The company does state that they're transparent on pricing, which means you should be able to get the information you need from a representative.
Are Refunds an Option?
If you read Advantage Gold's Terms and Conditions, you'll see that sales of gold and precious metals are always final. Returns, refunds, and exchanges are not available.
This is typical for financial institutions. In this industry, refunds are extremely rare.
Contacting Customer Service:
If you have questions for Advantage Gold, or if you need assistance, you can easily connect with their customer service department. You have the option of sending an email to [email protected] or calling them at 1-800-341-8584.
Industry Reputation
Currently, it's hard to find reviews for Advantage Gold on third-party sites. The only reviews are testimonials on the company's website.
More Information:
Thankfully, if you want more information about precious metal IRAs, there's no shortage of information available.
You can find articles on alternative IRAs from many reputable news sources, including Forbes and the Wall Street Journal. As you read through these reputable sources, you'll see that there are definite benefits to diversifying your investment portfolio.
At the same time, it's best to be cautious when it comes to your IRA. You'll want to make sure that you have plenty of information before you proceed. When you feel like you know everything you need to know, you'll have peace of mind.
If you make even a minor mistake during your IRA rollover, you could be hit with significant financial penalties. Furthermore, gold and precious IRAs aren't ideal for retirement funds.
To meet regulations, you'll have to cover bullion storage fees and have your IRA valued each year. On top of that, you won't be able to earn interest or dividends from a precious metal IRA.
Putting all your money into gold and precious metals won't work for many people.
Lastly, Advantage Gold reminds customers that all commodities, including gold and precious metals, can always drop in value.
If you switch from paper assets to precious metals, neither security nor financial growth can be guaranteed.
Gold and precious metals are known for their stability, but there's always some level of risk associated with investments.
If you're interested in precious metals, it's best to meet with a financial advisor and discuss your options. Make sure that the professional you speak with isn't focused on one type of IRA so that you can receive unbiased advice.
After speaking with an advisor, you can decide what your next step should be.
The Benefits of Working With Advantage Gold
The Drawbacks of Working With Advantage Gold
They Don't Have a Long History: Even though Advantage Gold works to provide clients with robust education, they haven't been around for that long. The company was established in 2014.
Because the company has a limited history, working with them can be risky. Since there are no refunds available, you won't have very many options if you're unhappy with your decision.
There Aren't Many Online Reviews: Reading reviews is one of the best ways to find an investment company that you can rely on. Sadly, you won't be able to find much in the way of reviews and information.
When you're investing large amounts of money, you want to make sure that the money is in good hands. The lack of reviews may keep you from feeling confident about your investment decision.
Who Should Work With Advantage Gold?
Advantage Gold believes that all clients can benefit from having money in gold and precious metals. While that may or may not be true, the investors this company is best for are:
New Investors: Advantage Gold goes the extra mile to make sure that people that are new to investing have all the information they need. If you work with them, you'll have plenty of guidance throughout the investment process.
Long-Haul Investors: Precious metals aren't a great option for investors looking for short-term returns. If you're putting money into gold, you'll need to be patient.
Why Put Gold in Your IRA?
Individual Retirement Accounts (IRA) protect your retirement as well as your family's financial security.
These special accounts allow you to set aside tax protected savings that you can use in the future.
With these long term accounts it's important to allocate a significant portion to assets that are solid and reliable, so you have a secure, happy, and worry-free retirement.
You can have cash in an IRA, but that is devaluing at a rapid pace and inflation is out of control.
You need an asset that's real, tangible, dependable, retains it's value, and even increases in value over time, and there is no better asset for this than gold.
With the world's economy struggling through lockdowns, shortages, wars, and inflation, uncertainty has never been higher and investors are protecting themselves by placing physical gold in IRA's.
A gold IRA investment prospers from these crisis that negatively affect most other assets.
Risk is knowing the economic dangers and doing nothing to protect yourself and your family.
Safety is knowing the economic dangers and taking action to protect your financial future, and this is easy to do with a gold IRA.
Real Customer Reviews
"We started an IRA with Advantage Gold in 2015. In spite of gold going up over $500 an ounce in that time frame we actually LOST money due to following their advice to buy Canadian coins.
We started to execute an exchange the middle of November 2021. Advantage Gold messed up the paperwork which took us several days to finally receive.
We sent the metals overnight (which actually took 4 harrowing days to arrive), expecting payment within 24 hours of arrival as explained in their processes. They received the metals on Nov.24. Today is Dec.2.
We still have no money and can't reach anyone who can help us."
- Melanie C on BBB
"My brother has been a client of Advantage Gold for a while. I've he's told me how easy it was to set up a gold IRA. I contacted Rob to find out more information and ask questions.
He took his time and was very patient with my wife and I. I'm very glad we did this especially right now. We are very happy that we no longer have to worry about where our money Is invested."
- Randy of Miami, FL on Consumer Affairs
"Micheal made this experience delightful. I'd done this earlier this year by myself. It was through a different company. This whole process was night and day compared to that. Rudy was extremely informative and easy to understand."
- Sarah C. on Trustpilot
What Are Your Other Options?
If you're interested in investing in precious metals, but you're not sure about Advantage Gold, there are plenty of competing companies to consider.
Goldco is our top recommendation, followed by Augusta Precious Metals, and then Birch Gold Group are just a few of your options. Before making a decision, it's wise to research other companies and find the best business for your needs.
Conclusion
If you're a first-time investor, or if you don't know much about precious metals, Advantage Gold could be an excellent option for you. The best thing about this business is the effort they put into educating clients.
Furthermore, there's a wide selection of coins that are approved by the U.S. and Canadian mint. With that said, this company is newer to the industry, and they don't have a long history.
You may feel safer working with a company that's more established and has more online reviews.
Advantage Gold is a good enough company, but we do not recommend them. We think there are much better options for investors.
They aren't a scam, but they are not the best choice for gold investments and certainly not IRA's, like other companies we have written about on this website.
You can get a Free Gold Investors Guide from our top gold and precious metals company recommendation or you can read our article of the top companies we reviewed this year:
>> CLICK HERE to read our list of the Top Gold IRA Companies. <<
Or, if you like what you have read about Advantage Gold, you can go to their website below:
I started BMOGAM Viewpoints as a way to compile all my views on investing in one place. I own my home, have some real estate, and own a few stocks like most people, but what really drives my interest in investing is I have a strong love of precious metals, especially gold.
