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Gold Gate Capital, based in Los Angeles, stands as a beacon of trust and reliability in the realm of precious metal investments. Specializing in retirement solutions and IRAs, this firm builds its foundation on the enduring strength of silver and gold.
With over a decade of experience, Gold Gate Capital has cemented its position as one of the leading precious metal investment firms in the nation. Many investors have turned to this firm, seeking a secure and stable avenue for investing in silver and gold.
While the stock market often struggles during economic downturns, silver and gold continue to demonstrate resilience and growth.
Clients of Gold Gate Capital consistently rely on the firm's representatives for their valuable and honest guidance, fostering a relationship built on trust and expertise.
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What is a Self-Directed IRA?
Are you interested in diversifying your investments? Or would you like to secure your buying power or provide more protection for your retirement? Precious metals self-directed IRAs carry on growing in popularity, and for very good reasons.
A self-directed IRA account works like the traditional IRAs or 401(k)s. But rather than placing your wealth into bonds and stocks that fluctuate, these accounts will be backed by real precious metals such as gold, held in insured, and secure IRS-approved facilities.
If you need more information on a self-directed IRA, here is a brief overview that covers the basics. The self-directed IRA accounts offer two important benefits. These include more control and a wider range of investment opportunities.
As an account holder of a self-directed IRA, you get to make all the decisions on your investments. This includes how much and where to invest. In addition to more control, self-directed IRAs also offer more flexibility when it comes to your investments.
Here are some examples of the things you can invest in (and more):
A Reliable Track Record of Steady Performance
All precious metals are known as tangible products of value, which means they are not printed on empty promises. This is what makes the self-directed precious metal IRAs so powerful.
When a bond or the dollar value decreases, gold's value typically rises. Investing a percentage of your retirement portfolio into one or more precious metals could help to even your portfolio out as well as grow its overall worth as time goes by.
From the year 2007 to 2009, the stock market in the U.S. experienced one of the worst crashes of all time. Close to 60% of the citizens in America lost a percentage of or all of their savings in retirement. Even when the S&P 500 carried on crashing, the gold price rose.
During the recession that occurred between 2008 and 2012, silver also showed its ability to stand strong during an economic crisis, where the value shot up by almost 450%.
And the people that made the wise decision to invest in gold or silver were rewarded and safeguarded for this foresight.
No one can predict the way the global financial markets are going to behave with real certainty. But the latest fluctuations might be indicating that we are going into a Bear Market.
Speaking historically, every metal regarded as precious has provided a robust hedge when it comes to economic downturns. Moving your retirement savings into one of these precious metals IRAs might safeguard your funds against these risks.
What Are The Benefits Of Precious Metals IRAs?
It is a straightforward process to convert an eligible IRA, 401(k), or any other type of retirement account into IRAs that are backed by one or more precious metals.
Gold Gate Capital: How To Get Started
The first step to getting started with Gold Gate Capital is to consider how you are going to fund a self-directed precious metal IRA account. Gold Gate Capital suggests starting with a value of $10,000 (at the least).
Here is a list of the accounts that are eligible for a rollover:
It is also important that you are aware that like conventional IRAs, you are permitted to move any of your retirement accounts to a self-directed precious metals IRA without having to worry about tax penalties.
One of the specialists from Gold Gate Capital will help you through each step of the process when it comes to transferring your savings to a qualified, reputable custodian that deals with precious metals IRAs, like Equity Trust Company.
The custodian you have chosen will assist you with facilitating tax compliance, which will ensure that your investment is legal. Gold Gate Capital holds every custodian to the highest of standards, where they have received an A+ rating from the BBB (Better Business Bureau).
Your specialist from Gold Gate Capital will provide recommendations and information so that you can make an informed decision when it comes to your retirement timeline and goals.
There are currently four precious metals that have been approved for IRAs due to their proven track record for investments. This includes silver, gold, palladium, and platinum.
After your specialist has guided you through the required paperwork, they will assist you with closing the deal. The precious metals you have chosen are then sent to a trusted depository.
The custodian you have chosen will hold the responsibility for completing the transaction, handling the paperwork, and executing withdrawals.
They will also keep track of the accounts they are responsible for and make sure your precious metal assets remain where they need to be.
Storing Your Precious Metals at a Depository
Your specialist from Gold Gate Capital will discuss the storage options available to you.
This includes Delaware Depository, where precious metals can be insured to a maximum of $1 billion, or Brink's Global Service, which is the largest non-government, non-bank storage facility for precious metals globally.
Checking In on Your Investments
Even after you have completed your transaction your specialist at Gold Gate Capital will keep an open line of communication to offer you up-to-date buy-back quotes. These are quotes that are usually more accurate when compared to the statements that your custodian will be sending you.
It is advisable to not risk losing all your retirement savings by putting all your money into one account. Precious metal investments provide a safer approach when it comes to diversification. It can also act as a shield when it comes to stock market fluctuations, the unpredictability of the U.S. dollar value, and any other type of economic uncertainty.
Is Gold Gate Capital Considered a Scam?
Gold Gate Capital is a legitimate company. The Better Business Bureau has accredited this company meaning that the BBB has checked the company out and affirms that they are conducting legitimate business operations.
People have also submitted reviews about Gold Gate Capital on Trust Link. Many have them have mentioned that this firm provides excellent services.
Gold Gate Capital also works alongside Kingdom Trust to offer custodial services. Kingdom Trust is a firm with a positive reputation when it comes to providing professional custodial services.
Fees and Pricing with Gold Gate Capital
It helps to be aware of how much you can expect to pay for services and products. Unfortunately, Gold Gate Capital doesn't offer upfront information when it comes to the fees and pricing on its site.
You will only be able to find out about these prices and fees after contacting the company. Only once you roll over your IRA funds, will you be told about the prices and fees that you are going to be charged for the service of managing your funds.
Conclusion
Gold Gate Capital is not a scam, but we do not recommend them. They are not the best option for gold purchases and certainly not the best option for precious metal IRAs, like other companies we have covered.
Their primary service is precious metals IRAs which are designed to protect an investors savings, a goal that needs to be taken very seriously.
There is just not much information on their website to make an informed decision.
When it comes making important decisions about your financial safety, it's important to only work with the best companies with a stellar track record of customer service, like the one's we recommend through our research and feedback from our readers.
You can get a Free Gold Investors Guide from our top gold and precious metals company recommendation by clicking the link above 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 Gold Gate Capital, you can go to there 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.
