Advantage Gold Review

Advantage Gold Review

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Choosing to put your money into a company's hands requires serious consideration. The benefits and drawbacks of the many gold IRA providers are diverse and dependent on the investor's specific needs and financial objectives.

Advantage Gold is the industry leader in gold Individual Retirement Accounts (IRAs). They provide several different types of bullion coins and make it easy to transfer funds from other types of IRAs to theirs. Advantage Gold is widely regarded as the go-to place to purchase either real precious metals or gold IRAs.

We're here to assist you in locating the most suitable IRA provider for your needs. If you want to know what sets Advantage Gold apart from the competition, read this review to learn about the company's history, products, legitimacy, services, fees and requirements.

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About Advantage Gold

Advantage Gold Review

Advantage Gold was founded in June 2014 by former senior account executives Adam Baratta and Kirill Zagalsky. It took a little while for the Los Angeles-based firm to establish itself as a frontrunner in providing safe and hassle-free precious metals IRAs.

Advantage Gold believes all customers should have the resources and information necessary to make well-informed financial choices. Advantage Gold's dedication to the precious metals industry is reflected in the company's comprehensive services, which include assisting clients with establishing precious metal IRAs, account rollovers and more.

Advantage Gold provides its customers with personalized, in-depth IRA guidance from highly trained professionals.

Advantage Gold's precious metals IRAs are held with STRATA Trust Company and Equity Trust Company, two of Advantage Gold's strategic partners. Brinks Global Services and Delaware Depository are two of the companies the firm partners with to keep your assets safe and secure.

Advantage Gold's First Time Gold Investor Program makes it easy for new investors to acquire all the necessary facts. Those working with customers provide them with in-depth instructions. Investing in precious metals can be daunting, but this company removes that barrier.

Investors will get knowledge on a wide range of subjects through the course. They can learn the advantages of investing in gold and other precious metals, explore the various investment vehicles available and set up a new or rollover an existing IRA into a gold IRA. Clients that transfer over at least $50,000 will enjoy a fee-free services in the first year.

Those who deposit $25,000 or more into their account immediately qualify for additional savings. Your precious metals will be transported fully insured at no cost when you make your first purchase and receive the delivery. You'll also benefit from the speedy turnaround time of two to three business days for shipping.

Is Advantage Gold a Legit Firm?

Advantage Gold Review

Advantage Gold is a reputable firm highly rated by numerous authoritative bodies. Advantage Gold has been accredited by the Better Business Bureau (BBB) since 2014 and has maintained an A+ rating. The company is proud of several testimonial scores:

  • 4.81 out of 5 stars on the BBB website
  • 4.9 out of 5 stars from over 750 reviews on the Trustpilot website
  • 5 out of 5 stars from about 500 reviews on the TrustLink website
  • 4.7 out of 5 stars on Facebook reviews

Advantage Gold is an official U.S. Mint-authorized dealer and a member of the American Numismatic Association.

You may rest assured in your investment with Advantage Gold because of its positive feedback, the numerous partnerships it has formed with prominent institutions in the business and the helpful resources it provides. An Advantage Gold account representative is always available to answer your inquiries and address your issues.

Is Advantage Gold Safe for Your Investments?

If anything should happen to your precious metals while in storage, Advantage Gold has partnered with various storage facilities that offer security and insurance for your valuables. If you opt to receive your premium coins via direct delivery and keep them in a secure location at home, you will need to arrange for your insurance.

No investing firm will ever promise your investment in precious metals will increase in value. If you want Advantage Gold to secure your retirement or tell you how much your gold assets will be worth, you will be sorely disappointed. Instead, the company's Buyback Program will pay you fair market value anytime you're ready to sell.

Advantage Gold Products

Advantage Gold Review

Advantage Gold has a large selection of gold, silver, platinum and palladium coins permitted for IRA contributions by the IRS, including coins from the Royal Canadian Mint and the United States, Australia and Mexico.

By allowing Advantage Gold to store your gold and other precious metals in their insured and safe vaults, you can avoid the hassle and potential loss associated with shipping and keeping such valuables on your own. Here are the various precious metal products that are available from this vendor:

Gold IRA-Eligible Coins

You can select from one of Advantage Gold's 12 gold coins. For your convenience, IRA contributions can be made with various coin weights. This list of options includes:

  • Gold Canadian Great-Horned Owl
  • Gold Canadian Woodland Caribou
  • Gold Canadian Maple Leaf
  • Gold American Eagle Proofs
  • American Buffalo
  • Gold Canadian Wild Horse
  • Gold Canadian Wolverine
  • Gold American Eagle
  • Gold Canadian Polar Bear and Cub
  • Gold Austrian Philharmonic
  • Gold Canadian Bighorn Sheep
  • American Buffalo Proofs

Silver IRA-Eligible Coins

Advantage Gold also provides nine distinct IRA-accepted silver coins in a range of weights for those interested in silver IRAs. They include:

  • Silver American Eagle Proofs
  • Silver Canadian Wild Horse
  • Silver Canadian Wolverine
  • Silver Canadian Woodland Caribou
  • Silver Canadian Polar Bear and Cub
  • Silver Canadian Maple Leaf
  • Silver Canadian Bighorn Sheep
  • Silver Canadian Great-Horned Owl
  • Silver Austrian Philharmonic
  • Mexican Libertad
  • Silver American Eagle

Platinum IRA-Eligible Coins

While gold and silver bars are often considered, a few other metals can be beneficial additions to an IRA. If you go with Advantage Gold, you can choose six different platinum IRA-accepted coin options.

  • Platinum Australian Humpback Whale
  • Platinum American Eagle
  • Platinum Australian Leopard Seal
  • Platinum American Eagle Proofs
  • Platinum Canadian Maple Leaf
  • Platinum Australian Emperor Penguin
  • Palladium IRA-Eligible Coins

You could invest in palladium coins instead of gold, silver, platinum or other precious metals. Palladium Canadian Maple Leaves are available from Advantage Gold for IRA investments.

Services Offered by Advantage Gold

Advantage Gold Review

Educating oneself on the complexities of the stock market, paper assets and precious metal IRA rollovers is more complex. Advantage Gold is committed to providing its customers with the knowledge and tools they need to make well-informed financial choices. The organization offers several services such as the Buyback Program, to simplify things for each customer.

Training and Education Resources

Investors should do their homework before converting their existing IRA into gold. Advantage Gold offers a program tailored to first-time gold investors, including a free gold IRA handbook that details everything from the rollover process to investing in precious metals IRAs to buying premium coins.

Choosing the best self-directed IRA for your needs requires, for instance, familiarity with how federal income taxes and deductions vary depending on your retirement account.

You can trust the advice of the Advantage Gold professionals because they have extensive knowledge and years of experience as account executives. To help you weigh the possible rewards against the dangers involved in investing, your agent will offer you a list of pros, disadvantages, challenges and benefits.

Precious Metals Storage

Advantage Gold Review

The Internal Revenue Service prohibits IRA holders from keeping precious metals in private residences. An IRA investment must be kept in a depository approved by the IRS.

Two third-party vendors in good standing with the IRS offer storage for the corporation. The vaulting services provided by Brinks Global Services and Delaware Depository are state-of-the-art with respect to safety, insurance and scalability. The annual cost of a vault can range from $100 to $150, depending on whether it is segregated.

Buyback Program

The Advantage Gold Buyback Program is one of our more exciting bonus features. It's natural to have questions about your retirement savings distribution after forming a gold IRA and making precious metals purchases.

You can sell the precious metals elsewhere if you like, but Advantage Gold's Buyback Program streamlines and maximizes your return on the transaction.

Advantage Gold guarantees to pay you the current market price for your precious metals when ready to sell. The company may occasionally increase its bids on rare or otherwise desirable coins.

Precious Metals Delivery

Direct bullion sales are available through Advantage Gold; however these can't be put into an IRA. You can diversify your holdings or expand your collection by purchasing coins. Free shipping, insurance and quick turnaround times are all options offered by the organization. Your shipment should arrive within two to three business days. You need to fulfill a few requirements to be eligible for these benefits.

Advantage Gold IRA

Advantage Gold Review

An individual retirement account (IRA) is an investment account that can help you save tax-deferred money until you reach retirement age. IRAs can be funded using various assets including precious metals, not just cash.

Gold IRA specialists at Advantage Gold will explain everything in detail to give you confidence in your investment. Whether you're seeking advice or administrative assistance with your self-directed IRA, STRATA Trust Company or Equity Trust Company are two excellent options.

There are numerous retirement account options, each with benefits and prerequisites for tax deductibility. As we'll see in the following section, Advantage Gold's rollover method makes it possible to convert most existing retirement plans, including Traditional and Roth IRAs, SEPs, Simple IRAs, 401(k), 403(b) and Tax Sheltered Annuity plans, into a gold IRA.

How Does a Gold IRA Work?

Funding an IRA often entails investing in equities, bonds or currency. IRAs for gold and other precious metals function uniquely. You can convert a portion of your existing IRA into physical precious metals.

Advantage Gold recommends its customers invest in gold bullion even though other choices are available. Advantage Gold provides a gold IRA Guide for those interested in precious metals investment and wanting to increase their potential for financial gain. You may learn more about IRA rollovers by reading the accompanying guide.

Finding out how to prevent paying more costs and taxes is also possible. The benefits of holding gold as a store of value are also discussed. Inflation and the fluctuating stock market are two constant dangers.

Investing in gold is a good idea to safeguard your wealth. Another topic covered is a diversified portfolio and why you need one. It's risky to keep all of your money in paper assets.

All those interested in signing up as Advantage Gold customers will be given a wealth of information. An expert in precious metals will be there to help you out right away.

Opening an Account with Advantage Gold

Advantage Gold Review

It's easy to sign up for an Advantage Gold account. During the enrollment process for Advantage Gold, you will have access to helpful resources and information at every turn.

Both STRATA Trust Corporation and Equity Trust provide precious metals IRAs. Advantage Gold's website features sign-up buttons for each provider should you be interested in opening a gold IRA with them. You'll be sent to an Adobe Sign registration page if you click the link. You may create an account and begin using Adobe Sign immediately.

Call their support team if you'd rather apply for an Advantage Gold IRA over the phone than online. An IRA custodian can help you set up a self-directed retirement account.

You can roll over the funds into your new IRA if you already have a retirement account. But, when you transfer or roll over funds, you add liquid assets to your account that can be used to buy standard bullion coins, bars or other precious metals.

Advantage Gold Required Minimum Investment

There is no lower limit on how much you may invest with Advantage Gold, so it's a good option for novice and seasoned traders. To cover the costs of opening an IRA, several experts advise putting away at least $5,000.

Depending on your income, debts and retirement goals, your financial advisor can help you come up with a fair initial investment and future contribution plan.

When making a rollover investment from an existing account, Advantage Gold may impose a minimum rollover investment. You should check with an agent about the minimum amount needed to transfer funds, which may be as high as $25,000.

Advantage Gold IRA Fees

Your precious metal IRA provider typically charges account administration and custodial services. Costs can change significantly based on which custodian you go with. Yet, the following can add to your total expenses:

Direct Expenses

When opening an account, you'll have to front money for direct investment fees. Upon opening an account at either STRATA Trust or Equity Trust, you'll have to fork over $50. You will be charged again if you sign up for multiple accounts.

Operating Expenses

Your precious metals will also incur storage costs. You should expect insurance and security costs associated with your precious metals investment to be rolled into the operating costs. When deciding on a storage solution, you usually have two choices:

Have your precious metals be segregated from other investors in a separate vault for maximum safety. STRATA and Equity's annual fee for segregated storage is $150.

A non-segregated account stores your precious metals in the same vault as those of other investors. Both STRATA and Equity charge $100 annually for non-segregated storage.

Portfolio Management Fees

An annual cost is often associated with managing your account with most custodial services. Each year, STRATA charges a fee of $95. Maintenance fees for an Equity Trust Company account range from about $225 to more than $225 per year. If you need more specifics on your investment, a custodial agent is the best person to ask.

For the first year of opening a gold or precious metals IRA, there is no annual fee if you roll over more than $50,000 from another retirement account. If you deposit at least $25,000, you might get a bonus.

Hidden Costs

In addition to the above fees, other expenses may be involved, depending on your current account status or the goods and services you desire to acquire.

When you sign up for an account and meet with your representative, they will provide a detailed breakdown of the costs. Your agent will use your investment objectives and market knowledge to negotiate fair prices. According to numerous customer evaluations, Advantage Gold has some of the lowest fees of any precious metal IRA provider.

Final Thoughts

Advantage Gold may be a good choice if you're a novice investor or need to learn more about investing in precious metals. The company's dedication to educating its customers is its strongest suit.

In addition, a wide variety of coins meet the standards of the United States and Canadian mints. Yet, this company is relatively new and has a short track record. You'd feel better at ease hiring an organization that has been around for a while and received numerous positive customer ratings.

Although Advantage Gold is a respectable business, we cannot endorse it. Our research has shown that there are superior investment opportunities available. They are not a scam but compared to other companies, there are better gold investments or IRA options.

Our highest-rated companies are the best places to consider for a precious metals IRA or gold IRA. They generally charge lower fees and fewer hidden costs than the industry's newcomers. They also tend to have a better reputation.

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