Identifying the right company is the key to making the most out of your investment in precious metals. This review will help you to learn more about Gold Alliance and whether they are the right choice for your investment needs.
What is Gold Alliance?
Established in 2017, Gold Alliance has a team of veteran experts with a combined experience of more than 85 years in offering investment advice to precious metals investors. These professionals help clients choose the right precious metals for their retirement investment.
Unlike conventional investment companies, Gold Alliance specializes in gold, silver, and other precious metals. They guide clients through the simple process of creating a gold IRA wherein the investor receives physical gold bullion bars.
Before we continue...
We have worked very hard to review, research and reveal the most important pieces of information that investors need to know before investing their money. We have been able to narrow a list down to the top 5 gold IRA companies.
Gold Alliance complaints
Gold Alliance has received positive reviews and feedback from independent websites and customers.
- BCA Rating: AAA
- BCA Complaints: 0
- BBB Rating: A+
- BBB Complaints: 5 complaints closed in last 3 years
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What services does Gold Alliance offer?
Gold Alliance specializes in gold IRAs. A gold IRA refers to a self-directed investment since it uses alternative investments not applicable to a traditional IRA. Investment in a gold IRA has no tax penalty or consequence.
Gold Alliance also provides direct delivery purchase of gold and silver. USPS and FedEx deliver the purchases to investors or their preferred depository. Gold Alliance provides lifetime support through a dedicated portfolio management team.
The portfolio management team provides several other support services including rebalancing of the portfolio due to economic changes, any additional contribution to the IRA, assistance in paperwork related to purchasing and storage of metals, and aiding in the buyback process, among others.
Investors are updated with the latest developments related to gold IRA through email, videos, and educational articles provided by Gold Allianc.
What does Gold Alliance offer that its competitors don’t?
Gold Alliance strives to achieve 100% customer satisfaction. They provide a 100% money-back guarantee to investors who are not satisfied with their services within the first 7 days.
Their team of professional experts provides valuable tips and advice on the type of metal to invest in along with its buy-back program.
There is no hard selling with Gold Alliance as they maintain complete transparency by disclosing all the rights and obligations of its clients in the user agreement.
The option of investing in a diversified portfolio makes Gold Alliance the perfect platform for investing in precious metals.
Investing in Gold Alliance costs an investor $180 every year. This annual cost includes storage cost, access to statements online, and account maintenance.
This is relatively lower compare to other competitors since the cost is inclusive of the maintenance and storage of the precious metals that come with your account.
Since the rate of precious metals varies every day, the cost of investment will also vary. Prospective investors need to call the support team to know the prevailing price.
One of the potential drawbacks is the marked-up price. Gold Alliance claims to include a 33 percent markup on the prevailing market rate.
Apart from the cost of the metals and the account maintenance fee, there are no hidden charges associated with Gold Alliance services.
Can I trust Gold Alliance?
To date, there are no red flags marking Gold Alliance as a scam. It offers everything that is required to make a safe investment for an IRA account. Moreover, the company is BBB-accredited with an A+ rating.
Rest assured that your investment is legit with Gold Alliance. However, you still need to consider other factors before making an investment decision such as the price of precious metals and the application process, among others.
Pros & Cons
A Gold Alliance Capital account representative will help you select the right precious metals based on your investment goal. This will include parameters such as insurance, growth, risk reduction, or privacy.
Gold Alliance Capital must store your precious metals with an approved storage facility that meets the IRS guidelines. It has storage depositories in Utah, California, New York, and Delaware.
Gold Alliance Capital features an attractive buy-back program. If any investor wants to sell precious metals acquired from Gold Alliance Capital, they will buy these back at the prevailing market rate. Although Gold Alliance Capital cannot guarantee any buy-back according to law, there has been no refusal to date.
Gold Alliance Capital engages different vault companies for storing their precious metals. For investors in California or Delaware, they use Delaware Depository. For investors in Salt Lake City, California, and New York, they engage the services of Brinks.