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Are you on the search for the best precious metals investment company? Maybe you're looking to set up a Gold or Silver IRA, or perhaps you're looking to purchase some metals to hold as a personal investment. Regardless of your reasons for searching for a precious metals company, you definitely want to find one that is trustworthy, reputable, and that will provide you with excellent service.
Advantage Gold is one of the many precious metals investment companies out there. Keep reading to learn more about the company and the services they offer to decide if they're the fit you're looking for. We'll also share reviews from past customers and other review agencies to help you get an idea of how the company does business and whether you'd like to use them to begin investing in precious metals.
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About Advantage Gold
Advantage Gold was founded by Adam Baratta and Kirill Zagalsky in 2014. The pair used their knowledge and experience as working for a United States Mint listed dealer to form the company and offer their services helping others invest in gold, silver, platinum, and palladium through Precious Metals IRAs.
Advantage Gold's goal is to be the industry leader in helping clients with Precious Metals IRA rollovers. They employ a team of experts who can help individuals through the process and offer the information and answers they're looking for.
This company believes in helping educate their customers to ensure they're making the best financial decisions possible. They want to make sure individuals understand the process and are working as part of the team to help grow their wealth.
Advantage Gold pledges to work alongside their customers throughout the IRA setup process to make sure they understand what is going on and to address any questions or concerns they may have. They also promise to be available throughout the entire life of your IRA account, should you have any questions or like to make additional contributions to the account.
Gold IRAs
A Gold IRA is a type of Self-Directed IRA where you can hold gold, silver, and other precious metals rather than the traditional stocks and bonds. Gold IRAs, which are often referred to a Precious Metals IRAs, let individuals take advantage of the tax benefits the IRS offers for Individual Retirement Accounts.
In addition to benefitting from the tax breaks awarded to IRA holders, you can benefit from the investment in precious metals you'll be making. Precious metals have proven to be a good investment throughout history. They are highly coveted in many areas of the world, and when you are ready to sell your metals, finding a buyer will be easy.
Since the value of precious metals aren't tied to any one currency, they can also help you hedge against inflation. With the looming inflation, this is looking like an even better idea that it did just a short time ago.
When you invest in precious metals, you are also diversifying your portfolio. Rather than only investing in the stock market, investing some of your money in precious metals keeps your assets spread out and offers you protection against stock market volatility.
Consider what may happen if the stock market crashes right as you're ready to retire. Do you think you'd still be able to retire as planned? Would you have enough money to live without working?
When some of your money is invested in precious metals, however, you'll be less impacted by a market crash.
Many individuals also consider other investment options, such as real estate. Real estate can be a good investment, but if you are at the point that you need to quickly liquidate your investment for cash, it can be a very time-consuming process with real estate. With precious metals, you should be able to find a buyer and walk away with cash the same day!
If you're interested in setting up a Precious Metals IRA to enjoy all the benefits shared above, Advantage Gold can help you. They offer an experienced team of representatives who will work with you through each step of the process.
Advantage Gold pairs with IRA custodians from Strata Trust and Equity Institutional. If you're ready to open an IRA, just visit Advantage Gold's website and fill out the Self-Directed IRA application. Filling out the application only takes a few minutes online.
After your application is complete, you'll work with the IRA custodian to transfer funds from your existing retirement account or bank account to fund your new Precious Metals IRA. Then, you'll be able to choose which coins and bars you'd like to hold in your account.
IRA Approved Gold Coins
If you're looking to invest in gold, Advantage Gold has a large offering of IRA-approved coins. Many of the coins available through Advantage Gold aren't available through other gold dealers.
IRS regulations state that gold must be at least 99.5% pure in order to be held in an IRA. The coins listed below all meet this requirement, so you can add them to your new Gold IRA with Advantage Gold.
IRA Approved Silver Coins
Silver is another popular precious metal for IRAs. Silver is increasingly being used in manufacturing and technology, which indicate that a higher demand should continue to drive its value up.
Silver coins and bars must be at least 99.9% pure in order to be held in an IRA. Below are the various silver coins from advantage gold that meet this criteria.
IRA Approved Platinum Coins
Platinum is very rare and valuable. Many precious metals investment companies only offer gold and silver coins for their investors, but with Advantage Gold you can also invest in platinum. Platinum coins or bars are required to be at least 99.95% pure.
Here are the different IRA-approved platinum coins available through Advantage Gold.
IRA Approved Palladium Coins
Interested in investing in palladium? It is another rare precious metal that is not offered by every precious metals investment company. Palladium coins and bars must be at least 99.95% pure to meet the IRS requirements for being held in an IRA.
Advantage Gold offers Canadian Palladium Maple Leaf Coins for their investors who would like to hold palladium in their IRA.
Precious Metals IRA Storage
IRS regulations prohibit individuals from storing precious metals for an IRA in their home. They must be store in an IRS-approved depository. Advantage Gold works with the Delaware Depository and Brinks Global Services, and you can choose to have your metals stored in either of these locations.
Both of these storage facilities offer top-notch security and are highly trusted institutions where you'll be able to have confidence that your precious metals are protected and safe.
When you reach the age of 59 ½, you'll be eligible to begin taking disbursements from your IRA. At this point, you can choose to have the physical precious metals sent to you, or you can liquidate the coins in your account to receive cash. Both options offer the same tax implications, so it really comes down to whether you need the cash to afford bills and other purchases, or whether you'd like to save the physical coins and bars for a rainy day or to pass on to a loved one.
Resources for Investors
Individuals new to investing in precious metals, as well as those with some experience, will find the "Learning Center" on Advantage Gold's website very helpful. These resources include information about setting up an IRA, tools to help individuals prepare for retirement, charts and graphs on the value of gold and other precious metals, and videos to help individuals learn more about investing in precious metals.
Free Gold IRA Guide
Advantage Gold offers a free Gold IRA Guide through their website. This investment guide is designed to share important information for investors looking to hold precious metals in an IRA account. The guide includes helpful information about rolling over an existing retirement plan into an IRA as well as the different gold, silver, platinum, and palladium coins that you can add to your account.
If you're interested in receiving a free guide, all you need to do is enter your information on the website. Then, the guide will be available for a free download.
Are There Any Red Flags for Advantage Gold?
When looking into any company, it is important to be aware of red flags that may indicate shady business practices or poor customer service. Checking reviews from other customers and review agencies, like the Better Business Bureau and Business Consumer Alliance, can be an excellent resource in this regard.
Reading reviews can help you see the experience other individuals received when requesting similar products or services to what you're looking for. There's always bound to be a few individuals who are not happy regardless, but if you notice a pattern of negative reviews or many customers that site the same poor experience, it can be a sign that there is something wrong with the company.
We've compiled reviews from four top rating sites below. Read through these and consider them as you decide whether Advantage Gold is a company you'd like to work with.
Is Advantage Gold a Scam?
No, Advantage Gold is definitely not a scam. It is a real company that has been around for about seven years. Scam companies wouldn't receive an A+ rating from the Better Business Bureau or a Triple A rating from the Business Consumer Alliance.
However, just because Advantage Gold is a legitimate company, it may not be the right choice for you when it comes to set up a Precious Metals IRA or purchasing gold, silver, platinum, or palladium coins and bars.
There are a few reasons you may decide to go with a different gold investment company over Advantage Gold. First, while they are definitely not a scam, they don't have as much experience as some other gold companies. They have only been in business for about 7 years, whereas many other companies have at least 10 years of experience.
Another reason you may want to be leery about using Advantage Gold is because their website doesn't list the fees they charge for setting up and managing an IRA. Without seeing this information and being able to compare it against what other companies charge, you can't really assess whether Advantage Gold is on par with others.
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Final Verdict
Many financial experts recommend investing in gold, silver, and other precious metals to diversify a portfolio, hedge against inflation, and provide individuals with easy access to cash in the event of an emergency. Advantage Gold is one company that offers these services, but we think there are better options out there.
Between the fact that Advantage Gold isn't transparent about the fees the charge and that they haven't been in business as long as some other companies, we think you'd be better off choosing a different precious metals investment company.
Although we do think that Advantage Gold is a solid company, we believe that there are better companies out there to make your investment with.
Or you can get a free precious metals investment kit from our #1 recommended company right now!
Or, continue with Advantage Gold...