Advantage Gold Gold IRA Review

by | Aug 25, 2020

Do you plan to invest in precious metals or convert your existing IRA or eligible 401(k) into a gold IRA?

Then you need to find a trustworthy gold IRA or precious metals investment company. You don’t want to lose your prized investment in this volatile economy. Advantage Gold is one of the leading precious metal investment companies you can partner within 2020.

While this California-based firm specializes in gold IRA, it can also deliver precious metals directly to your home. It holds an A+ rating from the Better Business Bureau (BBB) and received the Best of TrustLink award for three successive years, from 2016 to 2018.

Advantage Gold also holds a five-star rating from the Business Consumer Alliance. The company has received favorable reviews and recommendations from previous and existing investors as well. If you decide to partner with this firm for your precious metal investments, you can be confident that you are working with a reputable company.

Advantage Gold is ideal for beginning investors as they offer comprehensive education for gold IRAs and other investments. The company also offers a wide variety of IRA-approved coins and bullion. In this Advantage Gold review, we explore what the company has to offer so you can decide if it meets your investment needs.

Advantage Gold History and Background

Advantage Gold opened its doors to investors in June 2014. The founders, Adam Baratta and Kirill Zagalsky, worked for a national U.S. listed dealer as senior account executives before coming together to start Advantage Gold.

Both Zagalsky and Baratta have been featured in leading media outlets like Forbes and INC magazine, educating the world about gold IRAs and precious metals.

The custodian of Advantage Gold is Self Directed IRA Services, Inc. (SDIRA). SDIRA also works with several other leading precious metal companies and their gold IRAs. Advantage Gold offers IRA storage through either Brinks Global Services USA, Inc. or the Delaware Depository.

These firms offer reliable, secure, and well-monitored storage facilities. Advantage Gold also boasts transparent pricing, dependable customer support, and an excellent buyback program.

Advantage Gold Website

Advantage Gold has a user-friendly website containing helpful information geared toward educating investors.

At the gold IRA section, you’ll find valuable information about:

  • Gold IRA
  • Investing in gold
  • Various types of retirement accounts
  • IRS-approved gold and silver

If you’re looking for detailed information about IRAs, retirement tools, infographics, 401(k) fees, and investment resources, the Learning Center has you covered. You can also find several informative and inspiring videos on the website.

Advantage Gold Products & Services Offerings

Advantage Gold offers a wide range of products and services, including gold bullion and coins. The company also offers palladium, silver, and platinum. Let’s take a more in-depth look at the company’s offerings.

IRA-Approved Precious Metals

Advantage Gold’s core business is to convert IRA or eligible 401(k) into gold IRA and other precious metals to safeguard clients’ investments. The company offers a vast selection of IRA-approved metals and ensures compliance with applicable government requirements and regulations.

The firm has a wide variety of the United States and Royal Canadian mint bullion and coins. It is worth noting that Advantage Gold doesn’t deal with precious metals from other parts of the world.

Education and Training

If you are a beginner investor, you could benefit from Advantage Gold’s comprehensive training program. The firm’s highly trained and experienced account executives make sure every client receives valuable information. You want to know all the benefits and challenges of investing in gold IRA and precious metals so you can make an informed decision.

Buyback Program

Advantage Gold has a straightforward buyback policy. This policy allows you to sell back any precious metals you’ve bought through the company. The company may even offer a higher price for some coins than spot price at liquidation.

Efficient Customer Service

Advantage Gold understands that exceptional customer service is the backbone of any successful business. It has invested a significant portion of its resources in creating highly accessible and efficient customer service.

If you have any queries or concerns, the Advantage Gold customer support team will provide you with first-rate support. The customer support representatives are knowledgeable and experienced in all things related to gold IRAs and precious metals investments. So, you can be sure you’ll get the information you need to make the right investment decisions.

Advantage Gold IRA

A gold IRA is an Individual Retirement Account that keeps physical gold or other approved precious metals in custody for the IRA account owner’s benefit. It has all the features of a traditional IRA, but it holds physical bullion bars or coins instead of paper assets.

Advantage has a full-service gold IRA department with dedicated account executives. These executives work to help you understand the options available to you and set up your gold IRA account. Your personal account executive can also contact the current financial advisor or custodian and process the transfer or rollover on your behalf.

Opening an Advantage Gold IRA account is a straightforward process. It involves the following steps:

  • Applying for a self-directed IRA — Visit the Advantage Gold website to sign up for a self-directed IRA. Please fill in the required information on the Client and Shipping Agreement form. Make sure you review it before signing. Upload a copy of your latest retirement account statement and hit submit.
  • Application review — An investment professional will review your request and contact you to explain your options.
  • Processing the transfer or rollover — The team at Advantage Gold will communicate with your current investment company or custodian to process the IRA rollover or transfer on your behalf.
  • Setting up and funding the account — After a successful rollover or transfer, Advantage Gold will set up and fund your self-directed IRA account based on your needs.

Advantage Gold Pricing Info

Advantage Gold is transparent with all its fees. Before you sign up for any investment option, confirm all the costs and fees with an Advantage Gold account executive. The main fees include:

  • Account setup fee: $50.00
  • Annual storage fees: from $100.00 to $50.00
  • Annual  account fee: from $95.00 to $250.00

Advantage Gold FAQs

Here are some of the questions that most investors ask before opening an IRA account with Advantage Gold:

Is Advantage Gold legit?

Advantage Gold has been operating in the precious metals investment industry since 2014. While the company is less than ten years old, it has received the Best of TrustLink award for three consecutive years as the best company in the precious metals category. That means Advantage Gold is a legitimate firm.

Who is Advantage Gold best for?

Advantage Gold is ideal for first-time investors. It has a comprehensive training program dedicated to educating first-time investors on the benefits of investing in precious metals. This company also meets the needs of long-term investors. It advises investors to hold precious metals for at least five years to maximize potential gains.

Is it advisable to invest through Advantage Gold?

The client is Advantage Gold’s priority. The company listens to the client’s needs before making any suggestions. The client makes the final decision.

That means when you invest through Advantage Gold, you are in charge and completely aware of what you’re getting yourself into.

What is the minimum amount to set up an IRA Account?

While there’s no minimum investment amount to open an IRA account with Advantage Gold, it’s best to invest at least $5,000 because of the annual IRA custodial fees.

How do I fund my Gold IRA account?

You can fund your Advantage Gold IRA account via a rollover, a simple bank wire for Direct Delivery, or a new IRA contribution.

Is gold a liquid asset?

Gold is perhaps the most liquid asset in the world. This precious metal has had value for more than 6000 years and is one of the few assets you can take anywhere across the globe and liquidate.

It is acceptable across all currency pairs and holds universal value. You can sell investment-grade gold anywhere globally, so you don’t need the U.S. dollar if you have gold.

Does Advantage Gold have a buyback program?

Advantage Gold boasts one of the most straightforward buyback policies in the industry. They often offer a better value than their competitors when purchasing back precious metals from clients.

The firm believes that its clients deserve the best value. Instead of paying the spot price, Advantage Gold will always pay the prevailing market rate for every coin it buys back. The market rate is usually higher than the spot price.

Final Thoughts

Advantage Gold can be a reliable partner if you want to invest in precious metals or convert your regular IRA into a gold IRA. This firm is ideal for first-time investors as it offers comprehensive education on the importance of precious metals and how they are different from other investments.

The company specializes in gold IRAs and other IRS-approved precious metals. It has one of the best buyback policies. Customer support is also excellent.

If you’re interested in precious metals or opening a gold IRA, don’t hesitate to contact us!

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