USAGold Review

USAGold

Has stock market performance and overall volatility left you unimpressed lately? Is the volatility getting so bad that you’re currently trying to find a new and better way to invest your finances? You sound like the ideal candidate to begin buying silver, gold, and other precious metals as a valid alternative.

USAGold has been in business since 1973, selling bullion and coins for nearly 50 years. Are they the perfect company to choose for your precious metals investments? We will now take a deeper look at this organization to help you decide whether or not it’s the right group for you.

Information about USAGold

As mentioned, this precious metals company has nearly 50 years of being in business. This family owned and operated organization was first founded during the early 1970s and 1973. Today, it is still a business owned and operated by the same family members.

Their main goal and something they strive to achieve is to help their customers by providing the best customer service possible. They aren’t focused on delivering high-pressure sales tactics to their customers like a number of other precious metals organizations out there. The company has achieved solid growth throughout the years, yet they are still considered a small organization, which means they have enough staff to help each and every one of their customers by providing personal attention.

Throughout the years, USAGold has many industry related contacts as well as excellent relationships. It’s the relationships that help them provide precious metals to their customers at very competitive prices.

USAGold has an Online Order Desk that provides everyone with up-to-the-minute live prices and gives customers the opportunity to quickly and easily place orders at times that are convenient for them, during the night or day. Or if they prefer, customers have the opportunity to call USAGold on the phone to speak directly with a broker. These individuals will help them place in order, and they are very intelligent and highly knowledgeable individuals. In fact, each and every one of their brokers must have 10 years or more experience in the precious metals IRA industry to qualify for the position.

How to Begin Investing with USAGold

This company has improved their way to simplify the process when it comes to buying precious metals in an effort to help their customers. Once you figure out how much you intend to invest in gold and other precious metals, you can determine how much you’d allocate to your portfolio, and then the next step becomes easy. You decide how to invest by choosing the amount you’d like to purchase and bars, coins, or rounds. USAGold provides their customers with access to historical coins, gold bullion coins, and you have the opportunity to purchase one coin or another depending on your preferences.

After your investing decisions are made, you can contact them via phone to talk with one of their customer service representatives. They could lock in a live price, toe the current prices, and help you even complete your order.

Or if you prefer, you can also go online and visit the USAGold Online Order Desk. It’s open 24 hours a day and makes it easier than ever to place an order on the Internet. You’ll pay for your order via personal check or wire transfer.

Buying Gold

For investors who plan to add gold bars, gold coins, and gold rounds to their precious metals IRA portfolio, you can get started with USAGold because they provide their customers with an assortment of numerous precious metals to add it to their account. Their options include the following:

Gold Coins

  • Gold American Eagle coins
  • Gold American Buffalo coins
  • Gold South African Krugerrand coins
  • Gold Austrian Philharmonic coins
  • Gold Canadian Maple Leaf coins

Gold Bars

  • Gold 10 Troy ounce bars
  • Gold kilogram bars
  • Gold 1 Troy ounce bars

Buying Silver

Clients looking to fill their portfolio with silver investments like their favorite bars and coins definitely have the opportunity to do so as a client of USAGold. The options that you’ll have available to you to add it to your investment portfolio include the following:

Silver Coins

  • Silver American Eagle coins
  • Silver Austrian Philharmonic coins
  • Silver Canadian Maple leaf coins
  • Silver Chinese Panda coins
  • Silver Australian Koala coins

Silver Bars

  • Silver 100-ounce bar

Initiating a Precious Metals IRA Rollover

As an account holder of a precious metals IRA, you have the opportunity to invest in specific gold, silver, platinum, and palladium IRS approved investments to add them to your retirement portfolio. By purchasing these precious metals and holding them within your account, you have the option to now have a more diversified portfolio to help you fully prepare for your years of living in retirement bliss.

Do you currently have an existing 401(k) or IRA account? It’s more than possible that this account is IRA rollover eligible. You may or may not know for certain if this account meets eligibility requirements, and if this is the case, you should definitely contact the team at USAGold and fill them in on your situation. They will know exactly how to answer your question as to whether or not your IRA or 401(k) is rollover eligible.

You’ll gain access to two companies with a tremendous amount of trust when you begin working with USAGold. These companies can completely assist you with all aspects of the funds transfer process. Afterward, you can then begin working with the USAGold representative to pick the precious metals for your account from the IRA approved options that they currently have available to you as an investor.

Regulations created by the IRS tell us that gold investments must contain 99.5% purity. Silver investments including bars and coins must have a purity level of 99.9%. A wide margin of the top silver and gold pieces for investment do meet the purity level criteria, which is great because they provide excellent additions to any precious metals portfolio.

Resources and News about Gold

If you’re new to the world of precious metals investing or you’ve been involved in this market for a while, the USAGold website’s “Gold News” section could certainly provide a lot of use and up-to-the-minute information. They include resources in this section like live prices, investing opinion blogs, daily market update, and the USAGold monthly newsletter.

In this section, it’s also possible to get up to date live daily silver and gold prices, and they even provide graphs and charts with historic prices for both of these precious metals.

USAGold Potential Red Flags

Now that we’ve learned a bit more about this company, you should consider the following prior to deciding if they are the best one to work with. It’s always wise to look at reviews from other customers beforehand.

During our research, we checked with the Better Business Bureau, Trustlink, the Business Consumer Alliance, and Trustpilot for reviews. They completely lack reviews and the only one raiding them was the BBB.

It’s hard to get a feeling about a company whether it’s good or bad without these ratings and reviews. With so many other precious metals companies available to work with online, it’s probably better choosing a known quantity over an unknown riskier proposition.

It’s up to you to make the decision yourself, but we’re somewhat hesitant to recommend USAGold because of their lack of reviews, so keep that in mind.

USAGold Scam: Yes or No?

Simply put, it’s impossible for us to actually call USAGold a scam company. They have been around for more than 50 years, which isn’t an easy task to accomplish. So, the likelihood that they are actually a scam is very slim to none because of their longevity in the business. And it looks like they provide services and offer products that they advertise on their site, which they wouldn’t spend money on advertising if they were scamming people.

So, with the utmost certainty we can tell you that USAGold isn’t a scam. But on the other hand, are they the top choice to use to set up a silver or gold IRA to buy precious metals? We aren’t 100% convinced that this is a fact.

For starters, like we mentioned earlier, there are very limited reviews about the company on the Internet. This doesn’t necessarily dictate that the company is performing poorly, but it doesn’t really inspire confidence either regarding their service. People like to talk about companies that they enjoy working with, and no one seems to be saying anything about USAGold whether it’s positive or negative. This seems like too big of a gamble when there are so many better companies out there with lots of positive reviews.

The next big drawback toward choosing USAGold is the company doesn’t actually act as a custodian for precious metals IRAs. They sell precious metals that are eligible for IRA accounts, but you have to have your own custodian and your own IRA account already set up to purchase precious metals from this company for your gold IRA.

Believe it or not, there are a number of precious metals companies in this industry that also handle IRA custodian duties. Choosing a company that is a one-stop shop and provides both of these services simplifies your life and eliminates potential unknowns. It’s a lot easier to see all of your fees in the bigger picture when dealing with one company that charges you for everything.

For those of you who are here because you would like to diversify your portfolio to an even further degree, you may not like USAGold as your final option as well. They do not offer palladium and platinum investments in the precious metal space as well, so you can only buy silver and gold bullion from them. This is limiting to say the least.

USAGold Pros

  • They have been in business for 48 years and counting and they do not have a negative reputation.
  • Customers can purchase gold or silver precious metals at any time of the day because their Online Order Desk is open 24/7.
  • They have a big selection of silver and gold bars and coins.

USAGold Cons

  • Online reviews about this company are sorely lacking and very limited at this point.
  • USAGold is not a full-service company and they do not act as an IRA custodian for their customers.
  • They do not sell palladium or platinum precious metals to their clientele.

Bottom Line

It’s very difficult to recommend USAGold to anyone looking to begin investing in precious metals like silver and gold. For starters, they are not IRA approved as a custodian which complicates matters somewhat. They have very few reviews about them online, which is suspect and potentially sketchy.

A good thing is that they’ve been in business for nearly 50 years, so that’s definitely a plus in their favor. But when you combine all this with the fact that there are many well-known precious metals companies out there right now with great reviews, choosing USAGold seems like a potentially dangerous proposition at best.

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About 

Kevin Lee is a former tech advisor who cut his teeth in Silicon Valley. He now spends his time sharing his passion for investing in diamonds and jewelry. You can reach Kevin for any comments by using this form.