United Gold Direct Review

United Gold Direct Review

Disclaimer: We are reader supported.  We may be compensated from the links in this post, if you use products or services based on our expert recommendations. Please read our Advertising Disclosure.

United Gold Direct is a reputable precious metal dealer that offers gold, platinum, silver, palladium, and precious metal IRAs. The expert team at United Gold Direct doesn't charge any hidden fees or use high-pressure sales tactics to enlist customers.

Whether you want precious metals delivered directly to your doorstep, stored in a third-party depository, or a little of both, our expert team can help you with your needs.

If you opt for precious metal IRAs, you should note that precious metal IRAs should be stored in an IRS-approved depository.

Before we get started with this review:

We understand how difficult it is to pick a company that you can trust with your hard earned savings.  That's why we create informative and useful information to give you as much knowledge as possible to make the right decision.

We created a list of our highest recommended investment companies, to make comparing and choosing the company best suited to your needs as easy as possible.

Look to see if United Gold  Direct was selected to our "highest recommendation" list this year!

Or...

Get a FREE Gold Investing Kit from our #1 recommendation, by clicking the button below:

Learn How to Protect Your Wealth Today!

The United Gold Direct Buying Process


ugd homepage

You should work with an account executive assigned by the group when purchasing precious metals or setting up an IRA.

Their experts can help you decide what purchases or IRAs are right for you since they don't work on commissions and are prepared to walk that extra mile to satisfy the needs of the customer.

For example, the account executive assigned to you will help you decide whether to purchase precious metals, start a precious metal IRA, or roll over your 401(k).

Storage and Delivery Options


You can have your precious metals delivered to your doorstep or in a secured third-party facility when you choose United Gold Direct to buy precious metals. They use Delaware Depository to store your precious metals securely.

The depository offers physically segregated storage with adequate insurance for all your precious metals.

United Gold Direct uses registered and insured mail from United Parcel Service (UPS) and USPS for delivery purposes. You can track your delivery and need to place your signature upon collecting your package.

Your purchase could be subject to additional shipping costs since the delivery is fully insured.

Fees


United Gold Direct’s website offers very little cost information at the moment. Although the company says there are no hidden fees, they don't detail the fees on their website.

You may not know how much you have to pay for your package until you call the company. But you should remember that you may have to pay extra for shipping, insurance, custodial (precious metal IRAs), and storage fees.

There is a $1,500 minimum for every purchase you make. Your payment methods are somewhat limited with United Gold Direct since they accept only cashier’s checks, bank transfers, and personal checks up to $10,000.

Benefits of Buying from United Gold Direct


gold guide from ugd

Price is an important consideration when making any buying decision. United Gold Direct understands the importance of being highly competitive in all its pricing aspects as a direct distributor in the market.

The company always strives to offer its clients precious metals at discounted prices. UGD implements a very strict product purchasing procedure. They don't purchase or re-sell any substandard products.

United Gold Direct purchases only the highest quality products from trusted sources in the market. 

The non-commissioned account executives and on-staff numismatists at UGD are thoroughly trained and experienced in every aspect of delivering excellent customer service to every client.

The staff understands the customer's fear of making an informed buying decision without the proper knowledge. Some customers fear making a buying decision since they don't fully understand the process.

The account executives at UGD are specially trained and educated to impart the right knowledge to their clients in all aspects of owning precious metals.

The staff at UGD strives to maintain consistency in everything they do. They will deliver the best precious metals on the market at affordable prices. The company does it quickly and without compromise.

The experts at United Gold Direct are efficient in promptly processing client orders, packaging the products securely, and delivering them safely. Your package will arrive on time as promised.

All shipments are registered, insured, and shipped by the U.S. Post Office. UGD has a solid reputation, and they always strive for complete customer satisfaction while exercising high standards of ethics and morality in conducting business.

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 and worry-free retirement. 

a couple listening to a financial advisor

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.

United Gold Direct Precious Metals IRA


A variety of gold bullion coins have been approved for investing in IRAs since 1997.

Legal tender coins that are at least .995 fine are eligible for IRA investing, including:

  • Gold Canadian Maple Leafs
  • Proof Gold American Eagles
  • Gold American Eagles
  • Austrian Philharmonics
  • Gold American Buffalos

On the other hand, silver bullion and other precious metals are also widely accepted now.

Are you looking to roll over your Traditional, Roth, SEP IRA, or an old 401(k) from a former employer? If so, you can now call UGD to educate yourself on how to get started. A rollover is controlled primarily by the employer who set up your 401(k) plan.

If you are currently employed by the same company, there are certain exceptions to this rule with which the experts at UGD can work. The staff at UGD offers a free analysis of your current portfolio to make sure you qualify for a rollover to a precious metals IRA.

401k Rollovers


different options to buy from ugd

Rolling over your SEP, Traditional, or Roth IRA into a precious metal-backed IRA is quite simple. The term "rollover" refers to the process of rolling over your assets in a 401(k) plan when you leave employment.

There are zero penalties and zero tax involved in rolling over your funds to another qualified IRA plan within sixty days of your request.

In case you are no longer employed through the 401(k) plan you plan to roll over, you are eligible to roll over the assets into a silver IRA, gold IRA, or precious metal IRA.

If you are still employed with the company where your 401(k) plan is being held, it is more likely that you will be barred from moving the assets out of your employer's 401(k) plan unless you have a vested interest in the assets being held there.

Since there are exceptions to this rule, you will benefit from a consultation with a financial expert to know what applies to you.   If you have an existing IRA, the term "transfer" applies to your situation.

If you already have an IRA with a credit union, bank, stock brokerage firm, or any other financial service provider, you can transfer it directly to a preferred trust company of United Gold Direct.

One option is to transfer the cash to the account or the securities themselves. But this option might not be always acceptable to the firm that's transferring your account.

What Gold is Approved for IRAs?


A limited number of proof coins are minted every year and some of them have been sold immediately after being issued. The Proof Gold American Eagle coin undergoes a detailed minting process with the use of special dyes.

The process involves feeding lustrous coin blanks manually into the press where they are struck multiple times for detailed coin images. The image will appear frosted above a mirror-like background.

Each Proof Coin has a dark blue velvet presentation case with the official U.S. Mint Certificate of Authenticity. It indicates the guarantee of the U.S. Government on the coin's gold content, purity, and weight.

Proof Gold Benefits


  • Measured historically to outperform gold bullion coins
  • Limited annual production compared to bullion coins
  • Reliability and proven track record against temporary downward market trends and volatility
  • Naturally valued for high-quality containment and collector appeal
  • Superior tax and privacy benefits when held outside of your retirement account

Gold Depository


Precious metal companies have re-assessed how they hold their physical precious metals and conduct their business activities due to unexpected developments affecting the market during the past years.

These companies are more concerned about the security, safety, competition, and profitability of their businesses.

Many investors and commercial entities have come to know the benefits of superior services offered by Delaware Depository Services Company (DDSC).

The company provides confidence and assurance that precious metals and other physical assets are safeguarded, processed cost-effectively, and delivered with the utmost care, competence, and accountability.

Benefits of Delaware Depository Services Company

  • Ideal alternative storage location to New York City
  • Reasonable prices
  • Experienced and effective depository management and staff
  • Efficient and fast deliveries around the globe via FedEx and the U.S. Postal Service - via insured armored carrier
  • Detailed confirmations of all assets received
  • Insured shipping and custody
  • Daily shipping confirmation and account activity

Why Invest in Gold?


More than 24% of the world’s financial assets involved gold and gold mining shares from 1920 to 1982. They make up less than 1% right now. The reason is that we are currently living in a fiat world that has gone insane. 

Although gold is real money, people have been brainwashed to believe that pieces of paper backed by nothing are real money. When people realize how fast fiat money has been debased, they will lose trust in fiat money and demand real money

Gold prices will have to rise to $30,000 per ounce for gold assets to make up 26% of the world's financial assets. On the other hand, the price should rise to $11,000 if non-gold assets were to fall by at least 2/3 in value.

Gold has been recognized as real money by people for thousands of years. The only exception has been the past few decades.

Central banks around the world are contemplating devaluing their currencies, and the current fiat currency experiment is going to end in a disaster before long. Gold is the ultimate safe asset.

It's being traded globally, easily liquid, durable, and finite in supply. It should be considered the purest form of wealth. Gold has outlasted and outperformed every paper currency that has been printed throughout the years.

Any government cannot manipulate it, and the federal reserve cannot print gold.

Precious metals have no board of directors, debts, or derivatives exposure. The best about precious metals is that they have zero counter-party risk. That is the reason why gold has easily survived every economy in history.

It has helped preserve investor purchase power for more than 5000 years.

The average lifespan of paper currency is supposed to be 85 years. The US Dollar is now existing on borrowed time. The dollar will become worthless over time, and one day it will become worthless.

A dollar bill is nothing more than a promise to pay. I.O.U. Dollars are printed while gold is minted.

During a global currency crisis, which one would you prefer to have?

Frequently Asked Questions


Who can purchase from United Gold Direct?

Anyone. The clients of UGD consist of dealers, collectors, brokerage houses, banks, private individuals, and investors. UGD is ready to fulfill all of your requirements whether you plan to buy large quantities or individual items.

Is there a minimum order with United Gold Direct?

The minimum order is $1,500 per transaction - regardless of the payment method. 

What percent of my portfolio should I invest in precious metals?

Experts recommend investing 10-20% of your savings in precious metals. It is important to diversify your portfolio.

Does United Gold Direct have any discounts for large quantity purchases?

Yes. The company calculates its prices based on high-volume large scale orders. But they are willing to extend additional discounts for large orders. 

Should I purchase silver, gold, palladium or platinum?

Diversification is important. A good mixture will strengthen your portfolio.

What Type of Investor is United Gold Direct best for?


The experts at UGD help first-time investors keep their portfolios healthy while investing intelligently.

Pros

  • Became accredited with the BBB in April 2022

Cons

  • Little transparency about the management and ongoing plans of the company
  • Some negative reviews from past customers
  • The website is old and not easy to use

Conclusion

United Gold Direct has been providing quality services to all its clients since 2006. But some issues make customers doubt the honesty of the company. There are some trust and credibility issues. 

The storage fees of the company are scaled even though it's an approved wholesaler of gold. Your storage fees will increase as your account value increases - which will hinder the value of your gold investments.

United Gold Direct is a decent company, they are not a scam, but they are not the best choice for individual gold purchases and definitely not the best option for investors that want to protect their wealth with a precious metals IRA.

There are much better options like the ones we recommend on our Top Recommended Gold Companies List.

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 investing companies. <<

Or, if you like what you have read about United Gold Direct, you can go to there website below: