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Throughout this article, we will be going over Amerigold and we will discuss whether or not it's a recommended company to do business with. Amerigold is an investment company that specializes in both wealth and asset protection.
For many decades, precious metals like gold have been used as a haven for investors. They've been used as a haven to protect against volatility and various other unexpected fluctuations in the marketplace.
While the company itself has been in business for over 20 years, there aren't many reviews of it.
This review is here to change all of that. In the review, we went over the history of the company and looked over everything there is to know about the company to help you make a more informed decision.
Before we get started with this review:
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Amerigold Background
The company itself is headquartered in Denver Colorado. It's been in business since 1998. Amerigold specializes in helping investors successfully diversify their portfolios by allowing them to invest in precious metals and other tangible assets.
They allow investors to invest in silver, gold, and platinum in the form of bullion coins, bars, and other items. The company sells these products at very competitive rates. They do so at rates better than the competition.
One of the reasons why they can sell precious metal products at such good prices is because they've managed to keep their overhead costs so low. They've mostly grown their business through word of mouth, referrals, and retaining customers.
These are the most cost effective ways to market a business so it comes as no surprise. The emphasis on the client at every stage of the buying process showcases why they've been so successful.
The company's success has been based on a very simple concept. They have a mission to serve their customer's needs in a very efficient, effective, and friendly way.
Along with this, the company's website has been designed to help educate the customer on precious metals investing and the respective markets.
They take a lot of time and energy to explain why precious metals are a good investment and they do their best to educate any first-time buyers on it. AmeriGold's employees don't use the same high-pressure sales tactics that you may be used to.
They always try to earn your business by providing excellent quality products and by supplying you with excellent customer service.
No matter if you are looking to preserve capital, make a profit, or do a combination of both, you can get exactly what you are looking for with AmeriGold. They can help you get started with investing in precious metals.
AmeriGold does such a good job because they are a market maker for various government-issued coins or bars. They are registered with the Better Business Bureau and they are also registered with the Industry Council on Tangible Assets.
AmeriGold Management
Greg McCoach, CEO of AmeriGold, is a student of history and an entrepreneur that has successfully started and run a lot of different businesses over the past 40 years or so.
Once he sold his very first business in 1998, he went and took some time off and tried to figure out what he wanted to do moving forward. It was then that he discovered different truths that would prove to be essential for his success later on in his career.
He ended up becoming very involved in Austrian economics and a follower of the system. He looked for opportunities within the precious metals and commodity sector to figure out ways to effectively hedge against high government spending.
Since he founded the company, the precious metals sector has been in a complete bull market. It's ended up garnering him a very good reputation over the 24 years or so the company has been in business.
AmeriGold Products and Services
AmeriGold is a fully authorized dealer of various government-supplied precious metals coins globally. They are also an authorized dealer for any precious metals bar fabricators.
If you don't currently see any sort of precious metals products you want on their website, you can call a representative and they can supply you with a quote on what you want.
They also have IRA eligible gold and other precious metals available to purchase. They even help you open up your IRA. They do so by setting you up with a qualified custodian to handle your investments.
You can even sell them any precious metals that you have if you are looking to get rid of them.
Why Invest Physical 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 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 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.
What Is a Gold IRA?
When you are looking to get into precious metals investing for your retirement, you may be looking at different options you have to choose from.
A lot of people are looking at precious metals investing as a means to boost their retirement savings and hedge against inflation. Starting a precious metals IRA is one of the best ways to increase your savings.
It can help you hold tangible assets for your retirement. You can store many different assets in your IRA including silver, gold, platinum, and even palladium. You can find these metals in the forms of coins and bullion.
To effectively hold precious metals in your IRA, you will need to create a self-directed one. It needs to be administered by a specialist custodian who will store and handle your precious metals.
Gold IRA vs. Traditional IRA
Precious metals or gold IRAs will differ from conventional IRAs in a couple of ways. For one, it allows you to hold IRA-approved precious metals in it. You can hold different coins like the Gold American Eagle Coin and even the Gold Osprey Coin.
Whereas, if you start a traditional IRA, you would be limited to holding only paper assets like stocks, bonds, and options.
Some advantages of a gold IRA:
One of the major benefits you will get when you start a precious metals IRA is the ability to have the same tax advantages that you get with a normal IRA. You will have the same tax-deductible contributions as a traditional IRA.
Likewise, any qualified withdrawals from a Roth IRA account are going to be completely tax-free.
The truth is, precious metal like physical gold isn't the most liquid asset. However, neither are traditional holdings in your retirement account.
Because it's a long-term "buy and hold" type of investment, you will find that precious metals like gold can be a good option. It's an investment that you don't necessarily touch for a decade or longer.
When you open up a precious metals IRA, you will tend to have a lot more control over your account. You get to manage your holdings with more control and you get to make all of the important investment decisions.
How to Open a Precious Metals IRA with Amerigold
You will want to contact the representatives at AmeriGold. You will want to discuss all of the options you have available to choose from.
Once you've decided which custodian works best for you, they will email you all of the requisite forms to get your account up and running. The custodian that you chose will work alongside your current IRA account holder and they will work on the transfer.
It could take as many as 2 weeks before everything gets moved. You will know that your self-directed precious metals IRA has been opened because you'll be given your new account number.
Once you get your number, you can start to purchase the precious metals you are looking to invest in. Once you have an open account, you'll have the chance to fund it with brand new contributions or by rolling over existing accounts as you wish.
Once you've opened an account, you will want to speak with an experienced representative to figure out which precious metals best fit your investment horizon and goals.
You can get a lot of pertinent advice that can help you figure out the right metals to invest in for your goals. You want to also factor in what metals you can invest in.
Once you've decided on the billions or coins that you want to add to your account, you'll want to lock them in over the phone with a representative from AmeriGold. They will be able to supply you with the trade number for the purchase.
At this point, you've got a good idea of what items you want to invest in and you have a trade number supplied by them. You will want to then fill out the form needed to instruct the custodian on the different items you've purchased.
They will ensure that you have filled out this form beforehand. However, you can always download it from the custodian's website to do it yourself.
It's a very simple one-page document that will instruct the custodian you've chosen on your investment plans. Then, you will use that same form whenever you are making a selling or purchasing decision within the account you've set up.
On the form, you will have AmeriGold listed as the dealer you want to use for your transactions. They will send out an email to AmeriGold with a purchase order that showcases what you sent them on the investment direction form.
AmeriGold is then responsible for signing the form you sent and sending it back to the custodian knowing everyone is in full agreement.
Once the payment is made and cleared, AmeriGold then takes that and deposits the metals right to the depository under your account. You will get a statement that showcases the transaction once it gets logged into the system.
You will find that AmeriGold works very tightly with the custodian throughout the different stages of the proceeds to guarantee that the transactions go well.
Once they've figured out that the metals are properly stored in your account, they will show you everything and make follow-ups to ensure everything is all good.
Shipping
AmeriGold will then ship out everything. They will insure all shipments. Thus, if anything were to happen while your precious metals were getting shipped, they would be fully covered.
When they do ship things to you, AmeriGold is going to be responsible for any claims made with the insurance company.
Selling Your Precious Metals to Amerigold
If you are looking to sell your precious metals, doing so is very straightforward with AmeriGold. Follow the steps outlined below:
1. Call Them
The first thing you want to do is call them. You want to ask them for their most recent quote. They won't include the cost of shipping in the quote. Any seller is required to pay for the shipping.
If you agree with the price they've quoted you, that would be your key to "lock in" the price with your representative. They will then cover your order in the market. Once you've gone ahead and locked in the price, you will get your purchase number.
2. P.O Number
At this point, you will have your purchase order number. They will then ask you to secure your precious metals to send them safely to their depository within 24 hours. They'll ask to send it via insured delivery.
You'll want to include your address, name, phone number, and more.
When your package arrives, it will be effectively matched up with your order number. They will then verify that everything is good. You can get the payment sent to you within 24 hours.
You can choose to accept the payment through a bank wire, standard mail, or an overnight payment.
Conclusion
AmeriGold specializes in the sale of all kinds of precious metals. These metals are deposited into your IRA. They also help you with setting up a self-directed precious metals IRA through different custodians.
They don't specify which custodians they recommend, but they do make a point that they will help you find the best one for your investment goals.
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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.
