If you're looking for a good company with which to work when you want to set up your first precious metals IRA or even to buy metals for your own collection, you'll always want to look out for the best of the best. You need a company that's not only got what you need, but that will help you invest in a way that makes you feel comfortable and like a valued customer.
As you look at the various precious metals companies out there, you'll almost certainly run into Advantage Gold. We're going to look at how this company works, its services, and how real customers view the company to help you get a better idea of whether or not it's worth your time to look at Advantage Gold.
Important note before we begin:
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About Advantage Gold
Founded in 2014, Advantage Gold was created by a pair of individuals deeply tied to the world of gold. Adam Baratta and Kirill Zagalasky used their own experience with a major gold dealer to create a company that could help others invest in the precious metals world.
Advantage Gold specializes in precious metals IRA rollovers and seeks to be the industry leader in that particular niche. With expert staff on hand to work with their customers, they're one of the better sources of education and information for would-be investors.
In fact, the company does put a premium on education. The idea is that educated investors are better, so Advantage Gold goes out of its way to ensure that everyone who invests in them gets as much information about what they're doing as possible.
The company also ensures that its customers don't have to do all the work to set up an IRA alone. There's always someone available during the set-up process to answer questions and provide options, ensuring that the process is as painless as possible. Once the set-up is done, the company continues to provide support throughout the life of the account.
Gold IRA Overview
Gold IRAs are a specific sort of self-directed IRA that allows consumers to hold precious metals instead of more traditional types of investment products. These IRAs offer the same type of tax advantages as other IRAs but focus more heavily on non-traditional investments.
These products stand out because they allow consumers a chance to invest in something that's not tied to the stock market. Precious metals have a long history of being solid investments, with prices that not only tend to rise or stay stable but also with the ability to be quickly liquidated and transformed into cash.
There are several serious reasons to invest in precious metals, but one of the most common is that metals can protect your wealth against rising inflation. Since the metals aren't tied to a single currency, there's a much better chance that the regular course of inflation won't slowly chip away the value of your investments.
Inflation isn't the only concern that's addressed with precious metals, though. Many choose metals because doing so is an easy diversification method for a retirement portfolio. Since spreading your assets keeps your wealth safer, it simply makes sense to make use of this type of product.
Liquidating precious metals easily is also a significant factor for many investors. While many might choose to put their money in real estate because it likewise has some inherent value, and these investments tend to grow over time, most would note that it's not always easy to sell your real estate holdings when you need to do so. Selling your precious metals can be easy, though, which allows investors to know that having cash on hand is always a possibility.
Advantage Gold specializes in assisting its customers set up this type of IRA. Doing so allows consumers to enjoy the benefits of a precious metals IRA without requiring them to know how to set up one of these accounts. The company even works with well-known IRA custodians to ensure that everything customers need can be taken care of completely in a few easy steps.
Setting up an account is as easy as going online and filling in a form. After setting up the account, you can work with your custodian to transfer your money to a new IRA account either from your bank account or from an eligible retirement account. From there, you can start investing in precious metals.
1. IRA Approved Gold
If you're going to invest in gold, you must understand that not all gold is the same. One of Advantage Gold's real selling points is that it has a huge selection of coins that are valuable and approved for use in IRAs.
For a coin to be added to an IRA, it must meet certain specifications set up by the IRA. This means that the coins must be 99.5 percent pure gold - anything less doesn't work. Fortunately, this company does have a good selection of very popular coins that meet those requirements.
2. IRA Approved Silver
Gold isn't the only kind of metal that's popular in precious metals IRAs. Many people also invest in silver, as the metal is prevalent in the world of technology and industry. Still, there is also a much lower financial barrier to entry when investing in silver.
Not all silver coins are eligible for an IRA, though. The IRS requires that silver coins or bars be at least 99.9 percent pure silver to be deposited in an IRA. As such, it's important to note that Advantage Gold also has a great selection of coins that meet that level of purity.
3. IRA Approved Platinum
If you're looking at valuable metals, you have to take some time to look at platinum. Platinum is not only a scarce metal but one that's also very rare in the world of metals investing.
Not every gold company allows its customers to buy platinum coins, but Advantage Gold does have some in stock. Again, the IRS requires platinum coins to be at least 99.5 percent pure to be deposited in an IRA.
4. IRA Approved Palladium
Even palladium can be deposited in an IRA if you work with the right company. An incredibly rare metal that won't show up in the inventories of many great gold companies, this metal must be 99.95 percent pure to be held in an IRA.
Advantage Gold is one of the rare companies that does offer palladium coins that meet the IRS standards for IRA deposits.
Storage Considerations
One of the most significant rules that the IRS has about precious metals IRAs is that individuals can't store their metals in their own homes. Instead, the metals have to be stored at a depository that the IRS has approved. Fortunately, Advantage Gold does have relationships with two great depositories (Delaware Depository and Brinks Global), which does give its customers a pair of options as to where their coins will be stored.
It's critical to note that not all gold companies are the same, but not all depositories are either. Fortunately, almost everyone in the precious metals community trusts both of these locations, and both have excellent security. If you keep your metals in either of these locations, you'll know that your metals are safe.
You don't have to keep your metals in those depositories forever, though. Once you hit fifty-nine and a half, you can get disbursements from your depository. These can come in the form of the metals themselves or cash from the liquidation of your accounts. Both options have benefits and drawbacks, but it is essential to know that options will be available to you.
Resources for Investors
It's important to know that you're not on your own if you're investing in precious metals. Advantage Gold does have a 'Learning Center' on its website that is full of valuable resources. These resources should be examined by those looking for information about precious metals or IRAs, as they can tell you a fair bit about how the company works.
Are There Any Red Flags?
It's always good to look for signs that the company you want to work with might be hiding something. While you might not see everything that a company does wrong from the outside, looking for red flags will give you a sense of whether or not a company is up to no good. For most consumers, the easiest way to do this is by looking at reviews.
Reviews are great because they can give you a closer view of what other investors have gone through with the company. While there will always be unhappy people with a specific company, looking for patterns can tell you a good amount about how a company operates.
Summary of Key Features
The company makes setting up a new precious metals IRA or rolling over an existing retirement account into an IRA very easy.
The company's emphasis on education makes it easier to be a more intelligent investor.
Advantage Gold indeed does have a great selection of gold, silver, platinum, and palladium coins and bars.
The company works with two of the best depositories in the country, helping consumers feel safe having their metals in storage.
Their 'Learning Center' website section is full of beneficial information for new and experienced investors.
Pros and Cons
Pros
Cons
Final Verdict
Investing in precious metals is great several reasons. It works well as a tool for diversifying a portfolio, protecting wealth in eras of inflation, and even for providing an investment that can be easily liquidated.
While you might get the benefits of investing in precious metals when you work with Advantage Gold, this doesn't mean it's necessarily the best option for most investors.
Simply put, the company's tendency to hide its fee information makes it harder to trust than many more transparent companies that have been around longer. Trust is a significant factor in the investing world, and anything that hurts your trust really does matter.
Advantage Gold isn't a bad company, it just isn't the best. And any investor owes it to themselves to find the best company possible when looking to protect their wealth. There are thousands of dealers and this company certainly is in the top 10%, but they didn't make the top 5 list this year.
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Or you can visit Advantage Gold's website and see how they can help you. We hope you got most of your questions answered in this article.