- 22 Apr 2023
- Bonds
- Precious Metals
- 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.
Gold has been a crucial resource in retirement planning for centuries. As a precious metal, it has a long history of withstanding economic fluctuations and preserving wealth. Many investors now recognize the importance of including gold in their investment portfolios to help ensure a comfortable retirement.
However, simply knowing that gold is a good investment is not enough. Having a solid understanding of how to invest in gold and working with a reputable company that can guide you through the process is crucial. By doing so, investors can take advantage of the unique benefits of gold, including diversification and a hedge against inflation.
When selecting a company to work with, it's important to consider factors such as reputation, customer service and pricing. A reputable company should offer a range of gold products and services, including IRA accounts and storage options.
Additionally, understanding market trends and fluctuations is key to making informed investment decisions and maximizing returns.
If you are looking to invest, only go with a trusted company!
>> Click Here To See Our Top 5 Recommended Precious Metals Investment Companies <<
Currently our #1 recommendation is offering up to $10,000 in free silver!
About the Company
Certified Gold Exchange (CGE) is a company that specializes in the buying and selling of precious metals, particularly gold. It was established in 1992 and is headquartered in Fort Worth, Texas. The company is a precious metals dealer, serving individual investors and institutional clients.
One notable aspect of Certified Gold Exchange is its BBB accreditation. However, it's important to note that the company's accreditation was revoked in 2022 due to failure to comply with BBB standards. Before this, Certified Gold Exchange had maintained an A rating with the BBB.
The management team of Certified Gold Exchange is led by President John Halloran, who has over 30 years of experience in the precious metals industry. The company is also a member of the Business Consumer Alliance (BCA) and other industry organizations.
Despite the BBB accreditation revocation, Certified Gold Exchange continues to operate and has a reputation for competitive prices and exceptional customer service. The company offers a range of gold products, including bullion coins and bars and other precious metals such as silver and platinum.
Management Team
The CGE has a strong management team dedicated to providing exceptional customer service and expertise in the precious metals industry. The team comprises industry veterans with years of experience in trading, finance and customer relations.
One of the key members of the management team is the President and CEO, John Halloran. With over three decades of experience in the precious metals industry, Halloran has been instrumental in the company's growth since its inception in 1992. He is known for his expertise in trading and the development of trading software that has become an industry standard.
The Chief Financial Officer (CFO) of CGE is Kenny Hansen, who has over 25 years of experience in finance and accounting. He oversees the financial and accounting operations of the company, including financial reporting, budgeting and forecasting.
The Chief Operating Officer (COO) of CGE is Yaneth Villalon, who has over 20 years of experience in the precious metals industry. Garcia oversees the company's daily operations, including inventory management, logistics and customer service.
Together, the management team of CGE is dedicated to providing the highest level of service to its customers and maintaining the company's reputation as a trusted and reliable source for precious metals investments.
Certified Gold Exchange Products
Certified Gold Exchange offers various precious metal products, including gold, silver, platinum and palladium coins and bars. These products come from government mints and private refineries, ensuring authenticity and quality.
Gold coins offered by Certified Gold Exchange include American Gold Eagles, South African Krugerrands, Canadian Maple Leafs and Austrian Philharmonics. The company also offers gold bars in various sizes, including one-ounce, ten-ounce and kilogram weights.
In addition to gold, Certified Gold Exchange offers a selection of silver coins and bars, including American Silver Eagles, Canadian Silver Maple Leafs and silver bars ranging from one ounce to one hundred ounces. The company also offers platinum and palladium coins and bars, including Canadian Platinum Maple Leafs and Australian Platinum Koalas.
Certified Gold Exchange also allows investors to purchase rare coins and numismatics such as pre-1933 U.S. gold coins and investment-grade certified coins. These coins are typically purchased by collectors and investors interested in their bullion content and historical value.
Custodian and Storage Options
Certified Gold Exchange does not offer storage options or act as a custodian for precious metals. Instead, the company focuses solely on providing clients access to various gold, silver, platinum and palladium bullion products.
Once clients purchase these products, they can store them themselves or work with a third-party storage provider. The company may offer recommendations for storage options upon request, but clients are ultimately responsible for making their arrangements.
It's important to note that if clients are looking to open a precious metals IRA with Certified Gold Exchange, they will need to work with an approved IRA custodian who can handle the storage of the metals in a secure, approved depository.
Certified Gold Exchange Fees and Minimum Investment
Certified Gold Exchange, Inc. charges a small fee for its services like any other purchase. The company requires a minimum investment of $10,000 and the exact fees associated with the purchase will be discussed with the firm's executive.
In addition to the purchase price, Certified Gold Exchange charges a storage fee to cover the cost of storing your gold or silver instruments. This fee varies depending on your purchase type and quantity of precious metals.
When you purchase precious metals through Certified Gold Exchange, they will be shipped directly to you, fully insured and require your signature upon delivery. Alternatively, if you choose to store your precious metals with Certified Gold Exchange, Inc., you will be charged an annual storage fee of $175.
Pros & Cons of Certified Gold Exchange
Pros
Cons
Why Invest in Precious Metals?
For centuries, precious metals like gold and silver have been considered a haven for investors during economic turmoil. Unlike currency, which can lose value due to inflation, political instability or economic recession, precious metals maintain their value and appreciate over time.
In recent times, more and more investors have turned to precious metals to diversify their portfolios and protect their wealth. Here are the benefits of investing in precious metals.
What Is Gold IRA Rollover?
A gold IRA rollover transfers funds from an existing retirement account such as a 401(k) or traditional IRA, into a self-directed individual retirement account (IRA) that invests in gold and other precious metals.
The rollover process allows you to diversify your retirement portfolio by adding physical gold or other precious metals, which can help protect your wealth against market volatility and inflation.
The Internal Revenue Service (IRS) allows investors to roll over funds from a retirement account into a gold IRA tax-free as long as the funds are deposited into the new IRA within 60 days of withdrawal from the old account.
It is important to note that the gold must meet certain IRS requirements for purity, weight and minting and be held in an approved depository.
The gold IRA rollover process typically involves several steps. First, select a reputable precious metals dealer specializing in gold IRAs such as Certified Gold Exchange or Dillon Gage Metals.
Then, you will need to set up a self-directed IRA account with a custodian that allows for precious metals investments. The custodian will handle the rollover process and facilitate purchasing and storing the gold or other precious metals.
Once the gold IRA is established, you can purchase physical gold coins or bars or invest in other precious metals such as silver, platinum or palladium. The metals will be stored in an IRS-approved depository, which provides secure storage and insurance against loss or theft.
IRA-Approved Precious Metals
For precious metals to be considered IRA-eligible, the IRS has established certain requirements regarding their purity and weight. The metals must meet minimum fineness standards to ensure their value, authenticity and purity.
Gold must be a minimum of 99.5% pure or 24 karats. For silver, it must be a minimum of 99.9% pure. Platinum must have a fineness of 99.95% and palladium must have a fineness of 99.95%.
In terms of weight, gold, silver, platinum and palladium coins must be issued by a government mint and their weight must not fall below certain levels. For example, gold coins must have a weight of at least 1/10 of an ounce, while silver coins must have a weight of at least one ounce.
Bars and rounds are also allowed in IRA accounts but must meet certain weight requirements. Gold bars must be at least 99.5% pure and have a minimum weight of one ounce. Silver bars must be at least 99.9% pure and have a minimum weight of 100 ounces.
Platinum and palladium bars must have a minimum purity of 99.95% and a minimum weight of one ounce.
Not all coins and bars are eligible for IRA investment, so working with a reputable precious metals dealer like Certified Gold Exchange is crucial to ensure that the products being purchased meet the IRS requirements for inclusion in an IRA.
Storing Your Precious Metals
When you purchase precious metals, you must decide how to store them. There are two main types of storage options: segregated and commingled storage.
Segregated storage means that your precious metals are stored separately from other people's metals. This means you have a specific storage unit containing only your metals. The advantage of segregated storage is that it reduces the risk of loss or theft. Only your metals will be affected if something happens to the storage facility.
On the other hand, commingled storage means that your precious metals are stored with other people's metals in a shared storage unit. The advantage of commingled storage is that it is typically less expensive than segregated storage. However, the risk of loss or theft is higher because your metals are mixed with others.
It's important to note that some storage facilities offer both segregated and commingled storage options. This allows you to choose the option that works best for you based on your needs and budget.
When choosing a storage option, it's important to consider factors such as security, insurance and accessibility. You want to ensure your metals are stored securely with adequate insurance coverage for loss or damage. You also want to consider how easily you can access your metals should you need to sell or transfer them.
Selecting a Precious Metals Dealer
When selecting a precious metals dealer, there are several important factors that you should consider. These include:
Final Thoughts
Certified Gold Exchange has been a reputable and trustworthy precious metals dealer for over a decade. The company provides various precious metal products, including gold, silver, platinum and palladium. Their storage options are also a plus, with segregated and commingled storage available.
The company is also transparent about its fees and pricing, which is a definite advantage for investors. While the minimum investment amount may be high for some investors, the company's commitment to security and customer service offset this.
However, it's worth noting that the company's BBB accreditation was revoked in 2022, which may concern some investors. Additionally, there are other precious metals dealers that may offer more competitive pricing or a wider range of products.
While Certified Gold Exchange may not be the perfect fit for every investor, their commitment to transparency, security and customer service makes them a solid choice for those looking to invest in precious metals.
If you are looking to invest, don't forget to checkout our highest recommended companies!
>> Click Here To See Our Top 5 Recommended Precious Metals Investment Companies <<
Currently our #1 recommendation is offering up to $10,000 in free silver!
