Preserve Gold Group Review

Preserve Gold Group Review

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Preserve Gold Group is involved in the gold and silver business and also sells platinum and palladium. When you do an online search related to buying gold, you're likely to see a reference to this company.

Many clients seem satisfied, but where does this company stand against the competition? Are you working with a legitimate company? 

We've taken a closer look at what everyone has to say about this company, good and bad. If you're considering using this company for your needs, here are some helpful facts.

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What is Preserve Gold Group?


preserve gold homepage

Preserve Gold Group is a leader in the precious metals investment world because of the options available. The precious metals include gold, silver, platinum, and palladium, available as coins and bars.

Unlike many other precious metals companies, this company also offers full-service IRAs.  This company is relatively new but has established a good reputation. This company was registered in the State of California in 2022.

This company is family-owned, with each manager heavily involved in the process. Clients doing business with this company have great assurance that their needs will be met with care. 

The company can easily handle IRA account rollovers. If you're in the U.S. and want to transfer to Preserve Gold Group from your current custodian, you're in good hands.

This company also educates investors, believing that a knowledgeable client will be happier in the long run. Clients who understand more about precious metals feel more comfortable investing in them, making education beneficial all around. 

Preserve Gold Group has been mentioned in articles that have appeared in Forbes.

About the Preserve Gold Founders


There is not much information available about the founders, Daniel Boston and Jennifer Good. Both owners serve as CEOs of the company.

Daniel and Jennifer have a combined 30 years of experience working in the precious metals investment industry. The owners' understanding of the market helps them use this knowledge in their daily dealings with clients.

The account representatives at this company have been hand-selected by the owners for courtesy, knowledge, and professionalism. Clients can trust that they are dealing with professionals at all times.

Preserve Gold's Pricing and Fees


There are fees associated with IRA products from Preserve Gold Group. Some of the fees are custodial and depository-related, which anyone taking out an IRA needs to keep in mind.

Preserve Gold Group works with Goldstar Trust Company and Horizon Trust Company for custodial services. Clients have the freedom to choose the depository where they store the precious metals.

The fees pay for the custodial services and the depository storage.  Only IRA customers need to think about these types of fees. There are no maintenance or storage fees involved with purchases made with non-retirement funds.

You might opt for storage at a depository anyway because of the better security that is available. 

Preserve Gold Group helps create consumer confidence by being transparent about their custodians.

Although clients may work with any custodian, Preserve Gold Group has the most robust partnerships with Goldstar Trust Company and Horizon Trust Company. These companies have excellent reputations in the industry and offer outstanding customer service. 

Depository storage fees will vary. Although every depository must adhere to IRS regulations, you may have flexibility in how you choose your options. Many prefer depositories close to home.

Others might prefer depositories in more tax-friendly states or even off-shore options.

Preserve Gold Group does not mention specific depositories that they work with. Getting an idea of your storage costs is a little difficult without knowing specific depositories. However, most investors would advise using depositories that charge fat fees.

Percentage-based charges can fluctuate depending on whether you segregate your metals. An average cost of around $200 is what many investors report paying. 

Custodian fees are in the $100-$250 range, depending on which fee structure the company uses. Some custodians might offer special pricing for Preserve Gold Group clients.

Your Preserve Gold Group representative is who you should go to with questions about budgeting for your annual fees. Your representative is the best point of contact for questions and concerns. 

Preserve Gold Group does not mention what fee is required to set up an account. Any such fees cover doing the initial paperwork and getting your custodial arrangements set up.

Any fees that you pay are relatively small when you consider how much work would be involved otherwise.  Preserve Gold Group does not mention a minimum purchase required to purchase precious metals or start an IRA.

However, most experts recommend a minimum of $25,000-$30,000 if you are doing an IRA rollover.  There is complex paperwork required with these types of transactions.

This company allows clients to sell their precious metals back at any time. There are no liquidation fees from these transactions, either. The company is committed to not taking advantage of client profits for its benefit.

Products and Services


two gold coins

The IRA services are among some of the most important that Preserve Gold Group offers. However, what other types of products can you acquire from this company? There are many product kinds available, including a precious metals investment guide.

This guide will help give you an idea of what to expect without any commitment.  This gold IRA investment guide covers all the essential information that you need to know about precious metals investing. 

Some of the important topics covered include precious metal types, how these metals protect against inflation, demand, and scarcity, and how metals can help you diversify your portfolio. 

The guide will give you an overview that will help you make an informed investing decision. Which other products are available for you to make an informed investment decision? The information provided is easy to understand and well-written.

Precious Metals IRAs


Precious metal IRAs are one of the most important product types that the company offers. The team members have extensive precious metals experience, which makes them suitable to offer advice about IRAs.

Direct Sales


Some investors prefer direct sales with personal funds over using a retirement account. This option is often preferable for those who have the right amount of savings. The company can advise you on which products are most suitable for your budget. 

Because direct sales lack the IRS regulations of IRAs, you can have the products shipped to your house. All packages containing precious metals are insured. However, a depository can help protect against theft. 

Preserve Gold Group offers several coins that meet IRA standards. These coins meet or exceed purity standards and originate from sovereign mints. 

Besides gold and silver, the Preserve Gold group also has some platinum and palladium coins. Some of the most popular coins include:

  • American Gold Eagle
  • American Gold Eagle Proof
  • Twin Gold Maples
  • Gold American Buffalo
  • Gold Maple Leaf
  • America the Beautiful Silver Series
  • Gold Bars
  • Silver Bars
  • Platinum Bars
  • Palladium Bars

Many Canadian coins are in high demand due to the new releases every year. American Eagles are also very popular because of their liquidity.

If you are interested in specific coins but unsure whether they are available, you might want to contact your representative. The representative will be able to get the coin for you if possible.

Custodial Options


Preserve Gold Group will work with any custodian that meets their vetting process. However, Goldstar Trust Company and Horizon Trust Company are preferred custodians.

These companies have solid reputations. They have fee structures that work well for most investors. 

Preserve Gold Group also has depositories that they prefer working with. These preferred depositories are Delaware Depository, International Depository Services, and Texas Precious Metals Depository.

Is Preserve Gold Group a Scam?


Preserve Gold Group is a legitimate company and not a scam. There are many positive reviews of this company available online. Consumer Affairs has given this site a 5 out of 5 rating. The company enjoys a 4.5 rating on Trustpilot with 13 reviews.

The Better Business Bureau (BBB) gives the company an A- rating, and customers give the company a 4.92 rating. 

The company has no history of complaints. However, it is helpful to keep this company being new in mind. The company's youth may account for a lack of complaints more than anything else.

An A- rating would indicate overall satisfaction from most customers.  The single 4-star review on the BBB website did not cite a reason for the less-perfect rating. This reviewer may have accidentally selected four stars instead of five.

Everything in the written review was positive. There are no widespread complaints on other websites, either.

Pros and Cons of Preserve Gold Group


Pros

  • Transparency about the custodians and depositories preferred
  • Offers precious metals coins in addition to IRAs
  • Mostly positive reviews say a lot about customer service

Cons

  • Necessary to fill out a form or call for pricing info
  • Little to no track record as this is a brand new company

Conclusion

Anyone who wants to invest with a precious metal IRA may consider using Preserve Gold Group. This company only uses the most qualified on its team. Their reputation is nearly flawless for such a new company. 

The only major complaint from most customers is that you must fill out a form or call for pricing. 

Preserve Gold Group is a reasonable precious metals dealer, but we do not recommend them.  When it comes to investing your hard earned money in a precious metals IRA, you want to go with an established, well-trusted company, not a start-up.

We think there are much better options for investors that we have written about extensively on this website.  Click on the link below to read the Best Gold IRA Companies that we have found through our research.

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. <<

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