Fairpoint Discount Gold Group Review: A Place to get an IRA?

Welcome to my Fairpoint Discount Gold Group Review!

So, do you want to learn a way to secure your savings?

Also, can this company help you with that?

If so, let's get to know them in this Fairpoint Discount Gold Group Review!

What is Fairpoint Discount Gold Group?

Fairpoint Gold Group (aka Fairpoint Discount Gold Group) commits to providing Gold & Silver at fair and honest prices, both for cash purchase and IRA investments.

“A Better Deal on Gold & Silver” is their motto. Also, they will speak plainly, tell you the truth, and make recommendations with your goals and objectives in mind.

Moreover, Fairpoint Gold Group is not here to give investment or tax advice. More so, they do not tell you how much to invest or what percent of your retirement or portfolio accounts to put into Gold. These are decisions for which you are responsible. After all, it’s your money.

They also provide a good body of expert opinion in the form of recommended books, videos and articles from some of the most respected authorities in the world, as to the benefits of Gold and how it can protect and bolster your investments. Thus, if these make sense to you, then you’re ready to buy precious metals.

Services of Fairpoint Discount Gold Group

About Gold

Gold has been a valuable and highly prized precious metal since long before the beginning of recorded history, widely used for coinage, jewelry and other arts. Also, when paper money was introduced it was typically a receipt redeemable for gold coin, in a monetary system known as the “Gold Standard.”

More so, this has more recently been replaced by the use of “Fiat Currency”, which is paper money backed only by a government’s promise to pay (whatever that means).

Furthermore, the total amount of Gold that has been mined in all of human history is estimated to be roughly 185,000 tons. Also, world consumption of new gold is about 50% in jewelry, 40% in investments and 10% in industry.

About Silver

Silver is a precious metal for thousands of years, for jewelry, trade and utensils. It is used as currency (silver coins) and has backed many monetary systems. Also, originally the British “Pound” represented the value of one “pound” of Sterling Silver.

Furthermore, as with other precious metals, silver coins and bullion are used as an investment to guard against inflation and currency devaluation. 

MODERN GOLD BULLION

The cheapest gold (and silver) that you can buy is modern bullion. More so, this is modern gold which includes gold & silver bars, ingots, and government “bullion coins” like Krugerrands, Canadian Maple Leafs, American Eagles etc.

Governments and private mints also make hundreds of millions of these types of assets each year. The value and performance of bullion is determined entirely by the melt value of the metal itself. There is no additional value.

SEMI-NUMISMATIC METALS 

A class of gold and silver coins that carries a “Premium” over the melt value is Semi-numismatic or Premium coins. 

These tend to be coins that are no longer being produced, so a finite number of them are all that’s available. Also, U.S. Gold coins before 1933 and Silver coins before 1964 are highly tangible investments.

GRADED COINS

Another type of Premium Gold & Silver coins are “Graded or Mint State coins.” Also, these are coins that have been inspected, evaluated and graded by a third party grading service.

More so, they are respective individual serial number and has a clear plastic case (about the size of a baseball card) which contains a hologram to insure authenticity. Furthermore, the case protects the coin and maintains its condition and value.

BULLION COINS

GOLD IRA

Unlike ETF’s or gold stocks, these are real metals that belong to you. Also, you can take distribution from your account at any time–just like with any other IRA investment, either in cash or in the form of the metals themselves.

More so, this is a lateral move so there are no penalties or tax consequences for transferring assets within an IRA. Your account has a third party custodian, who will provide you with quarterly statements; you can also check your account online.

Furthermore, there are several firms that can provide this function. Fairpoint can establish your gold IRA with any of them that you wish.

STEPS TO AN IRA

1. First, fill out an application to open your account. 
2. Second, transfer funds from your existing IRA into your trust account. 
3. Lastly, select the precious metals for your IRA.

Reviews and Ratings of Fairpoint Discount Gold Group

The company has very few reviews, here are some of it:

What I Like About Fairpoint Discount Gold Group

They Provide Great Information

Fairpoint Discount Gold Group will answer all your questions about precious metals and IRAs. More so, they will even help or assist you in setting up your own IRA account. 

Gold & Silver Products

On the other hand, the company offers precious metals recommendations and prices that are just right. 

What I Don't Like About Fairpoint Discount Gold Group

No Reviews and Ratings

Sadly, we will not see reviews and ratings for this company. They are also not accredited by different trusted websites.

No Product Catalog Available

More so, the company does not have a product catalog available both from their website and their 28-page investor kit.

Is Fairpoint Discount Gold Group a SCAM?

At Fairpoint they expect to earn your business and your trust. They price the metals in a respectful manner—much better than much of the retail gold industry. But it goes deeper…for all the right reasons.

More so, they will speak with you to answer your questions and explain the process of investing in precious metals. They will quickly determine if gold and silver is an option for you, and if you are interested.

However, they do not have existing reviews and ratings which can be a red flag for an investor.

Thus, be cautious with investing. 

Are they a scam? Probably not.

Final Thoughts

If you don't know which company is for you, I am recommending GOLDCO!

So, if you have an IRA, 401(k), 403(b), TSP, savings or similar tax-advantaged retirement account, a Goldco Specialist can help you protect those assets with a Precious Metals IRA.

Get to know them more by clicking below!