USAGold Review

USAGOLD Review: Scam Risk or Safe to Invest?

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USAGOLD stands out as one of the premier gold companies in the United States today, earning widespread acclaim for its impeccable reputation and exemplary business practices.

Over more than 50 years, USAGOLD has built a legacy of trustworthiness and professional reliability, achieving excellent reviews without a single complaint.

This stellar record speaks volumes about the company's dedication to maintaining the highest standards in the industry.

Investors seeking unparalleled reliability and exceptional market insight continue to be drawn to USAGOLD.

The company's experienced officers and staff are committed to offering personalized guidance that aligns perfectly with each customer's unique investment preferences and needs.

Before we get started with this review:

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Brief Company History of USAGold

homepage of usagold website

USAGOLD has grown from modest beginnings in 1973 to a nationally known and respected precious metals firm and online presence. The company was founded by Michael Kosares during the months after President Richard Nixon ended the Bretton Woods system.

This action initiated the era of fiat money, significantly raising the value of gold as a currency hedge in investment portfolios.  

During succeeding years, the company expanded from Denver-based over-the-counter precious metals and fine art outlet. It transitioned rapidly into an investment firm, Centennial Precious Metals, which was strongly client-focused. USAGOLD soon became a regional center for investors seeking gold and silver assets.   

In 1997, Centennial Precious Metals gained the distinction of being among the initial precious metals brokerages on the internet.

This led to the company’s ownership of the highly valued URL of Subsequently, Centennial rebranded as USAGOLD and attained domestic and global prominence.   

In 2002, Jonathan Kosares, Michael’s son, joined the firm. He had recently graduated cum laude with a degree in finance from the University of Notre Dame.

This gave USAGOLD the status of a successful family-owned business that was "multi-generationally" operated.  

USAGOLD is currently a vanguard company with and major presence, with nearly 50 years in the gold industry.

The firm maintains an elite, highly active website with the latest advanced technology for analysis and commentary, live market pricing, charts, educational content, and more. Thousands of investors benefit from using this website.

Management Team at USAGOLD

USAGold was founded in 1973 by Michael J. Kosares, the gold expert and author. In 1996, Kosares published The ABCs of Gold Investing – How To Protect and Build Your Wealth with Gold.

The first of three editions in multiple language translations, this book informed thousands of readers about the value and process of owning this precious metal as a private investor. 

USAGold Storage and Custodians

To ensure safe, secure depository storage plans, USAGold partners with the globally acclaimed Delaware Depository. This depository offers storage options in Wilmington, Delaware, and Seal Beach, California. 

These ultimate-quality depository facilities provide segregated or non-segregated gold storage choices. 

gold coins protected by a lock

Both facilities are well-insured through Lloyd’s of London, one of the longest-standing international insurance companies.

USAGOLD Products and Services

front and back of a gold coin

The USAGOLD inventory includes IRA-approved gold and silver bars and coins. Additional products are historic U.S. gold coins, historic fractional gold coins, and varied collectibles.   

Available selections among the IRA-eligible products are the American Gold Eagle, American Gold Buffalo, Canadian Gold Maple Leaf, Gold Austrian Philharmonic, and Gold Australian Kangaroo.   

Silver inventory products currently available include the Silver Canadian Maple Leaf, American Silver Eagle, and Silver Austrian Philharmonic. At present, there are no palladium or platinum investments available in the USAGOLD inventory.   

For the customer’s convenience, USAGOLD has established an Order Desk on the firm’s website. This portal is password-protected and enables clients to purchase gold and silver investment assets at any time, day or night. 

How to Set Up a Gold IRA or 401(k) Rollover with USAGOLD

Establishing a precious metals IRA or 401(k) with USAGOLD is neither costly nor time-consuming. A friendly, knowledgeable staff member can help you complete the forms to open your account.

You can set up an account online or by phone, as you like. The following questions and answers provide basic details of establishing your account:

  • Can I purchase physical gold assets for my Individual Retirement Account (IRA) or 401(k)?

Yes, you can purchase gold or other precious metals such as bullion and coins for a self-directed IRA that is opened via a trusted firm.

Self-directed plans enable you to make your own investment choices and decisions while adding available options for investing. These options include precious metals.

  • Is it possible for me to do a rollover from my current IRA or 401(k)?

Yes, the majority of USAGOLD precious metals retirement plans are established with a rollover. You are currently legally allowed to make transfers from your IRA and rollovers from qualifying retirement plans.

These qualifying plans include a 401(k), 401(a), 403(b), 457, Thrift Savings Plan (TSP), and annuities.

  • Is purchasing gold for my IRA or 401(k) a good investment?

The answer is a definite “yes” for any investor who is conservative and wants to avoid risk. Anyone who has concerns about the uncertain state of the economy and the well-being of the financial industry should heed this comment from Alan Greenspan, former Fed chairman: 

“Gold is a good place to put money these days given its value as a currency outside of the policies conducted by governments.” 

Owning gold within or outside of a retirement plan is a good investment today.

  • How does my current plan differ from a self-directed IRA or 401(k)?

Especially relative to tax treatment, all regulations that pertain to conventional retirement plans also pertain to self-directed plans. Typically, conventional plans disallow a diversification into physical gold. 

This is due to the unique circumstances that apply to owning precious metals: storage, insurance, and custodial needs.

In general, any client who is making retirement plans and desires to buy precious metals in physical form (coins, bullion), is required to open a new account. This account must have a trustee that permits self-directed retirement plans.

The client can then make a transfer of funds from their existing trustee to a new trustee that permits such specialized transactions. 

USAGOLD Online Reviews

USAGOLD has received many positive online reviews. For example, a satisfied client posted a review on the Better Business Bureau website stating that everyone at USAGOLD has been extremely helpful to him. 

The client was pleased to have been able to work over several years with his initial contact at this gold firm. He says that it has been instructive, profitable and a true pleasure to invest with USAGOLD for 16 years. 

The BBB website currently shows all positive reviews of USAGOLD. An average rating among 15 reviewers is 5 out of 5 Stars. 


  • Offers ultimate-quality gold and silver products as coins or bullion. 
  • Has a successful history and a stellar record for customer attention, service, and ultimate profitability.
  • This a good gold firm that helps clients arrange a rollover from a current IRA or 401(k).


  • Currently offers only physical gold and silver investment products
  • Current IRA-eligible products offered by this gold firm include assets from only one European country, Austria. 
  • Current IRA-eligible investments offered by USAGOLD do not include physical gold or silver products from South America. 

Should You Invest in Gold and Silver with USAGOLD?

Throughout its long history of top performance, USAGOLD has consistently attracted a specific quality of investors: those who seek high levels of trustworthiness, reliability, and market insight. 

This leading gold firm offers a top-caliber professional approach for the expert guidance of individual clients in making profitable precious metals investments.

man looking at a clipboard

Satisfied customers report excellent service from their initial contact with the firm through the final delivery of their investment products. This company values and addresses the customer’s best interests above all else.

No high-pressure tactics or strategies are ever used in client relations and investment transactions. There is very little turnover in the staff of USAGOLD. Members of the “back office” staff have been with the company for many years.

They are well-experienced in providing both new and existing clients with excellent services. This firm’s product fulfillment record is at the top of the industry, and the staff gives equal time to all clients’ needs.

You will find all aspects of the diverse services offered by USAGOLD to be top-grade.  From the initiation of your order through the careful shipment, tracking, and delivery of your products, the staff will ensure smooth, optimal services.

If you have questions at any stage of your investment process, a staff member can assist you will a full, well-informed answer to your query. 

How to Buy Gold with USAGOLD

Buying gold is a fairly simple process when you follow these easy steps: 

1. Know What You Want from Gold. 

By gaining a good understanding of what performance you desire from gold or silver as a portfolio investment, you can make the best choices for buying physical gold or silver products. 

If you want to hold gold investments in your IRA or roll over from your current 401(k) when buying these precious metals, the experts at USAGOLD are ready to assist you.

2. Determine the Amount of Gold or Silver to Invest. 

After obtaining advice from this firm’s experts, decide the percentage of your portfolio to be gold and silver coins or bullion.  

Many conventional investors who have optimistic market views devote at least 10 percent of their investment portfolios to gold or silver. USAGOLD experts recommend holding from 10 to 30 percent of investments in these precious metals in your portfolio.  

3. Align Portfolio Choices with Your Objectives. 

The overall volume of USAGOLD investment offerings is nearly evenly divided between contemporary gold bullion coins and historical gold coins. 

Each type plays an essential role for investors. The leading professionals at USAGOLD can guide you to making the ideal choices.

How to Choose a Gold Company for Investment

Some simple guidelines for helping you select the best gold and silver company for your investment objectives and ultimate goals include the following:

  • Select a firm with a solid track record in precious metals.
  • Choose a firm with strong credentials and well-respected history.
  • Choose a firm with a staff that is willing to spend time with you and answer your questions.
  • Select a company that will accommodate your timing.
  • Choose a client-focused firm committed to helping investors.
  • Select a company that will not divert your attention away from your investing objectives.
  • Choose a firm whose website you have explored and respect.


USAGOLD is among the oldest precious metals investment companies in the industry today. Founded in 1973 with headquarters in Denver, Colorado, this firm offers ultimate-quality gold and silver coins and bullion.  

These coins include historic fractional gold coins, historic U.S. gold coins, and varied collectibles.

The expert professionals at this gold firm are always pleased to provide you with information and advice concerning investing in physical gold and silver projects.

USAGOLD is an ok company, but we do not recommend them.  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.

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