Advantage Gold Review
Protect Your Wealth By Diversifying In Precious Metals! Investing in precious metals through an IRA can be a wise decision if you want to make sure that your money keeps its value over time or if you’re going to hedge against inflation and the possibility of global financial instability.
Advantage Gold Review
The gold market has been a great way for investors to hedge against volatile markets and protect their assets. Many people have turned to the gold market as a safe haven in times of economic crisis. In fact, the World Gold Council estimates that the global demand for gold will reach a record high of 33 million ounces by 2021.
In addition to that, the recent tax reform bill has given investors new incentives to invest in gold through retirement accounts such as an Individual Retirement Account or a 401K plan.
The popularity of gold and its potential as an investment has led to many new gold-based companies offering services with various kinds of investment opportunities.
This review will cover the company Advantage Gold Gold IRA Company, which offers several different investment options related to buying and storing physical gold bars and other types of investments involving real estate, mining operations, and other ventures.
What is Advantage Gold IRA Company?
Advantage Gold is a company that offers a range of investment opportunities for investors looking to add gold to their investment portfolios. These investments can be done through an IRA, which is a special account designed for retirement savings. Unlike other types of IRAs, there are special rules that govern the types of investments that are allowed within an IRA account and the taxes that apply to those investments.
Who Is Advantage Gold?
Advantage Gold was founded in 2014 and is headquartered in Los Angeles, California. It has 35 employees, most of whom are specialists in precious metal IRAs and gold IRAs.
The team has a background in technology, finance, and real estate, along with experience in the gold industry. The company is one of the newest gold investment companies to enter the market and has quickly generated a following among investors looking to add gold to their portfolios.
Advantage Gold Review – Should You Buy Gold With An IRA?
The short answer is “yes”. Gold has historically been a great way to diversify your portfolio and protect against large swings in the stock market. While gold has experienced a small decline in its price in the past year, it remains one of the best long-term investments. You can buy gold through many different channels, including by purchasing gold bars and coins, investing in gold mining stocks, or buying real estate properties that have gold deposits. While you can buy gold bars and coins through a normal investment broker, the problem is that you will then have to store and secure the gold yourself. For many investors, this is a significant barrier to entry since storing gold bars and coins can be very costly and it requires a significant amount of space. An IRA is a great way to buy gold since you can keep the gold bars and coins in a safe and secure place that is not accessible to you until you are ready to sell or trade the gold.
Advantage Gold Fees to Look Out for
The fees for Advantage Gold are different depending on which custodian you choose, because Advantage Gold works with two custodians.
Advantage Gold charges are discussed in this article.
Consideration should be given to any fees that may affect your retirement savings when saving for retirement.
Let’s look at the fees associated with Advantage Gold’s Gold IRA accounts.
- Account Setup Fee: $50
- Variable Annual Maintenance Fee: $225 or more
- Segregated Precious Metals Storage: $150
- (or) Non-Segregated Precious Metals Storage: $100
- Account Setup Fee: $50
- Annual Maintenance Fee: $95 or more
- Segregated Precious Metals Storage: $150
- (or) Non-Segregated Precious Metals Storage: $100
- Advantage Gold requires at least a $25,000 minimum investment for IRA rollovers.
Advantage Gold Reviews
- Outstanding customer reviews
- Overall Rating 4/5
- A+ BBB Rating
- Average review rating 5/5 on Trustlink
How to Buy Physical Gold With an IRA?
In normal IRAs, you can only use paper assets like stocks and bonds. But, gold is different. It is a “precious metal,” which is a special category of assets that can be used in an IRA. Because gold is a precious metal, you can buy gold bars or coins inside an IRA. There are many ways to buy gold for an IRA. You can buy gold bars from a dealer or online gold exchange. You can also buy gold coins from a dealer. The easiest way to buy gold is to use a brokerage firm to buy gold coins or bars. Once you own the gold bars or coins, you will then want to store them in a safe place inside an IRA account. Many brokers offer gold IRA accounts where they will store your gold in a safe place.
Change IRA to Buy Physical Gold
One option is to change your existing IRA account to a gold IRA account. This may involve changing your broker and will require you to designate a new custodian to hold your IRA assets. You’ll need to check with your current IRA custodian to see if they offer gold IRAs. Another option is to open a new IRA account with a firm that specializes in gold IRAs. There are many different companies that offer gold IRAs. You can also find brokers that specialize in gold IRAs.
A Good Investment in Real Estate Or Mining With An IRA?
Many companies offer investments in real estate or mining operations through IRA accounts. There are advantages to each of these options. Real estate has been a great long-term investment and is likely to continue to rise in value despite the recent decline in the housing market. Mining operations can provide a great source of income since you are getting paid for the gold that is extracted from the ground. However, real estate and mining have one big downside – they are capital-intensive investments. This means you will have to put a large amount of money upfront to start the investment. This can be difficult when investing through a gold IRA account since you will have to pay taxes on any capital gains before you can access the money in the IRA.
Who Best For Advantage Gold?
Long-term investors should hold precious metals for at least three to five years, but preferably five to ten years, to maximize potential gains. Investors who don’t hold precious metals for this long won’t be able to recoup losses from fees and potential markups.
Who is suitable for Advantage Gold?
Precious metals should be diversified with by every investor, but Advantage Gold is specially suited to the following:
Advantage Gold has a dedicated program for educating first-time investors about the importance of precious metals and how they differ from other assets. This company is head and shoulders above the rest when it comes to educating newbies.
Advantage Gold suggests that investors hold precious metals for at least 3 to 5 years, but preferably 5 to 10 years to maximize potential gains. Investors who do not hold precious metals for this long will not be able to recoup losses from fees and potential markups.
Conclusion
This review covered the company Advantage Gold, which offers several different investment options related to buying and storing physical gold bars and other types of investments involving real estate, mining operations, and other ventures. The gold market has been a great way for investors to hedge against volatile markets and protect their assets. Many people have turned to the gold market as a safe haven in times of economic crisis. In fact, the World Gold Council estimates that the global demand for gold will reach a record high of 33 million ounces by 2021.
The Next Step
Protect Your Wealth By Diversifying In Precious Metals! Investing in precious metals through an IRA can be a wise decision if you want to make sure that your money keeps its value over time or if you’re going to hedge against inflation and the possibility of global financial instability.