- 21 Jul 2021
- Greg Morrison
- Reviews
- Comments: 0
Disclaimer: Many or all of the companies listed here may provide compensation to us. This is how we maintain our free service for consumers. Compensation, along with hours of in-depth editorial research, determines where & how companies appear below.
Advantage Gold is one of the top precious metals specialists in the industry. They maintain a consistent client base by offering stellar customer service, educational resources, and low fees. In addition, you can take advantage of a variety of new customer promotions.
Overall, we recommend this company thanks to their great client reputation and overall transparency. We've taken a look at what they offer and who can benefit the most from their business model.
Important to mention before we go more in depth with this review!
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About Advantage Gold
Precious metals brokers have been around for decades, but Advantage Gold is a newcomer in the scene. Because the precious metals industry is so competitive, it's hard for newcomers to make a dent. But Advantage has quickly made itself a household name among dedicated investors.
The company has worked with thousands upon thousands of investors to help them diversify their portfolios. Because of the number of educational resources, it's a great choice for new investors who don't know much about the precious metals market.
Before you ever invest in any products, you'll learn what you need to know about the market. There's a purposeful focus on helping teach you about investing. That way, you can be confident in the decisions you're making, even if you move on from Advantage in the future.
Some of their information is available for free through their website. There is also a team of skilled experts who can answer all of your questions in real time. For a company that started in 2014, they have all the know-how of an industry leader who's been around for much longer.
The Los Angeles company takes on clients throughout the US. Their team has knowledge about IRA tax codes, different types of IRAs, benefits and risks of different investments, and how to react to changing market forces.
The Value of Precious Metals
Precious metals are a stable investment, unlike riskier ventures like cryptocurrency. They also behave in opposition to certain economic forces. The stock market and real estate market tend to correlate in terms of growth and loss. But when the stock market falls, precious metals increase in value.
You don't need to invest all of your retirement funds in precious metals. In fact, investment experts highly recommend not doing that. Instead, it's better to use precious metals as a small portion of your overall portfolio. That way, you have a cushion of stability if the stock market crashes.
The investment is one of practicality, for the most part. It gives you the security of knowing you'll be okay no matter which way the economy shifts. When you're living in retirement, you depend upon having enough wealth to live on. That means having assets that grow or remain stable instead of losing value.
Many investment experts recommend using precious metals to diversify your assets. They protect against inflation because their price increases as the value of the dollar decreases. You don't have to worry that the money you make today won't be worth anything by 2050.
The more you know about investing, the better off you'll be. That's why Advantage gives people the resources to craft their own profiles and make their own decisions.
Exclusive Gold IRA Accounts
Many precious metals brokers choose to offer a variety of different accounts. You can invest in gold for personal, business, or other reasons. But Advantage Gold focuses solely on self-directed gold IRAs. Since this niche is their only area of focus, all of their staff are experts in the field.
A self-directed IRA is different from a traditional IRA in that you have control over your investments. You need to pick your investments based on IRS regulations, but other than that, you're free to do whatever you want.
This makes it a good option for people who want more freedom and control in their portfolio. However, it can also be overwhelming for people who don't have a strong background in investing. Companies like Advantage Gold help streamline the technical process so you don't have to worry about anything.
There are also the same tax deferrals and advantages that you get with a traditional IRA. You won't have to pay income taxes on your contributions until you're ready to take dividends. However, you cannot remove funds without penalties until you're at least 59 and a half years old.
Once you reach a certain age, you will be required to take minimum distribution amounts from the account.
Who Advantage Gold Is Best For
No matter what kind of investor you are, it's a good idea to consider diversifying into precious metals. But there are some people that Advantage Gold is excellent for.
If you're a new investor, this company is one of the best choices for you. In fact, the company purposefully makes an effort to entice new investors by offering education and broadening your horizons. That makes the business much more accessible than a lot of more jargon-heavy investment companies.
The business model is also excellent for dedicated investors. It's important to plan for your future, regardless of what your current assets look like. The company encourages you to think about the long term when you invest, holding onto your assets for a minimum of a decade to see gains from inflation.
In fact, Advantage Gold emphasizes that this is not an investment to make if you enjoy quick, risky buys. This is a purchase you make for stability. You need to have patience. If you want to take risks for short-term outcomes, you should do it with other portions of your portfolio.
Customer Reviews
One of the most important aspects of evaluating any company is looking at client reviews. The company's website might sound wonderful, but reviews from customers will tell you what you can actually expect.
Third party watchdogs like TrustPilot and the Better Business Bureau keep track of customer reviews and grievances so that people can view them. We were pleased to discover that Advantage's reviews are consistently excellent across all platforms.
Clients praise the company's educational resources and helpful staff. They say that the company representatives really feel like they care about the well-being of the client. They also say that they trust the company to manage their wealth, and that they haven't been blindsided by the same hidden fees many companies have.
TrustPilot has over 900 reviews of the company from clients all over the US. When the average of those reviews is taken, the total score is 5 out of 5 stars. That's almost unheard of for a review pool of this size.
Over at the Better Business Bureau, there are 25 more reviews. Once again, the company gets a total rating of 5 out of 5 stars. Clients state that they're extremely happy with their choice. Some also say that they moved to Advantage Gold after bad experiences with other brokers, and this experience has been worlds better.
On Trustlink, there are more than 500 trustworthy reviews. Once again, the company comes out on top with 5 out of 5 stars.
It's extremely rare for a company to serve this many clients with such consistent excellence. Sometimes it's difficult to find reviews for companies, especially ones as new as Advantage Gold. But they've chosen to back up their industry expertise with unmatched customer service.
Now, as you might expect, there has been the occasional quibble. If there was a complete 100 percent satisfaction rating across the board, we might be a little suspicious. But we've only found two client complaints. Both of the issues were fixed as soon as possible by the company.
This bodes well for your investment future. Even if you aren't satisfied with your experience, you can be confident that the Advantage team will do what they can do help you.
Two complaints in the past three years might be a red flag for a smaller company. But Advantage Gold has served hundreds of people. Judging by the reviews, there's been a customer satisfaction rating of more than 99 percent.
Praise for the Company
So what specific points have people made about what they like?
These are some of the notes that come up again and again:
People say that using Advantage Gold makes them feel like they have a financial advantage. They trust the specialists because they've been given the tools to make more confident investment decisions.
Unique Aspects of the Company
It takes more than amazing customer service to ascend to the top of the industry this quickly. How did Advantage Gold manage to carve out its own niche in this highly competitive field?
They leveraged aspects of their business that are unique to them. When you invest with them, you get access to resources and advantages that you can't find with other industry competitors.
Let's take a look at just a few of these unique aspects.
Secure Storage
Many gold IRA companies offer storage options. But Advantage Gold has more vault choices than a lot of the competition.
Gold IRAs are subject to strict IRS regulations regarding their storage and maintenance. You need to make sure that your assets are insured and kept in an approved facility.
Advantage Gold partners with Brinks to give people access to vaults in Los Angeles and Salt Lake City.
In addition, if you're closer to the East Coast, you might store your items at the Delaware Depository vault. Delaware Depository is one of the top safeguards for precious metals. They have been in business for over 200 years, and their vaults are always at the forefront of cutting-edge new security technology.
Approved Mint Dealer
While Advantage isn't the only company this applies to, it is a mark of trustworthiness and security.
They are listed on the list of reputable dealers published by the US Mint. That means that they've been verified as dealing in authentic US minted coins, so you don't need to worry you'll get a non-genuine product.
Education Center
The company's education center really goes above and beyond. It doesn't just create marketing materials - it teaches you the things you need to know about today's market. Whether you're an experienced business major or someone who barely knows what "investment" means, there's information that can help you.
In addition, the materials are adapted for a variety of different learning styles. Whether you're an auditory processor, visual learner, reader, or hands-on learner, there's something for you.
Just a few of the different resources include:
The materials focus mainly on how you can diversify your portfolio using precious metals. But they also teach you about basic investing jargon and market terms that beginners might be unfamiliar with.
No matter how new you are to the scene, the company wants you to feel welcome and confident. By using the educational resources, you get to stop feeling like a fish out of water right away.
Buyback Program
The best gold IRA specialists offer a buyback program when the time comes to liquidate your metals. That way, you get access to a steady cash flow without worrying about looking for a buyer.
This is advantageous because gold isn't always easy to sell. When people need to get money in an emergency, they often sell their precious metals for significantly less than they're worth. You don't have to worry that you'll lose your investment value when the time comes to liquidate.
Advantage Gold bases their buyback prices on the price of precious metals each day. You'll just fill out a form and email or fax it to them.
Once the email is received, the company will calculate the amount you're owed for the metals. They will remove the metals you're selling from your fault, and then they'll send the funds along. In some cases, you might have your money in as little as a day. It's an efficient process for those who sometimes need emergency funds.
Free Gold IRA Guide
One of the company's free materials is a gold IRA guide. You can download it for free from the website.
This guide gives you the highlights of all of their denser educational materials. You'll learn the basics of how precious metals can be used to stabilize your portfolio even when the market is uncertain.
There's also a section about the company history that's an interesting read.
Final Thoughts
Advantage Gold has only been in the business since 2014, but they've been giving the industry a run for its money. They've satisfied thousands of clients throughout the nation. Judging by the tone of their online reviews, their customer satisfaction rating is more than 99 percent.
The company has educational resources to help you feel confident in your own decisions. It's a great choice for people who want to open a gold IRA but who are new to investing. You'll learn everything you need to know about portfolio diversification, different precious metals, and how market trends impact your retirement.
Although we do think that Advantage Gold is a solid company, we believe that there are better companies out there to make your investment with.
You can get a free gold investment kit from our #1 recommended precious metals investment company above, or you can checkout our top 5 recommended companies below...
===> See our top 5 recommended companies here (for IRAs AND non IRAs)
Or, continue with Advantage Gold...
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