• Home
  • |
  • Blog
  • |
  • Gold Alliance Review: An Investigation Into This Company!

October 14, 2022

Gold Alliance Review: An Investigation Into This Company!

Welcome to my review of Gold Alliance!

What is Gold Alliance? Well, for its part, Gold Alliance is a precious metal and gold company.

For them, it's all about getting individuals to put money into a retirement plan so they can get a tax break down the road.

Those who have a retirement account in the United States may invest in gold through an IRA.

But do you think they're the finest option for a gold IRA provider?

Is there anything you should look out for? To help you make an informed choice, we analyzed the company's products and services. Read further!

Gold Alliance Quick Summary

Gold-Alliance-New-logo

What Is Gold Alliance?

Gold Alliance website

In the market for investments in precious metals, Gold Alliance is widely considered to be among the most important companies. People who are interested in investing in precious metal IRAs are probably familiar with the name of the company thanks to its rapid rise over the past two decades.

This company is led by three geniuses of the industry: Joseph Sherman, Fred Abadi, and Kevin Troy. Joseph Sherman, among the founders of the company, currently serves as its CEO. More than 20 years of his professional life have been spent in the fields of private education, commodities trading, and financial services.

Kevin Troy is the Senior Portfolio Manager of the Gold Alliance management team in addition to being a co-founder of the organization. Fred Abadi, on the other hand, is Senior Portfolio Manager in addition to being the third co-founder.

The company provides customers with a diversified catalog that includes coins and bars of a variety of weights to choose from; although, the website of the company does not contain any information on the prices of these products. Customers can only inquire by contacting customer service representatives via the toll-free number provided.

Equity Trust Company, Preferred Trust Company, and GoldStar Trust Company are the three individual retirement account custodians that are available to the company's clients. Each of these organizations that provide custodial services is tailored to satisfy a certain set of customer requirements.

Gold Alliance has also secured the services of Delaware Depository, which is widely regarded as one of the best storage firms; by doing so, they can offer its customers a safe facility to store their gold investments.

This company's outstanding customer service and its educational content, which is aimed at teaching prospective clients on various issues pertaining to investment in precious metals, are two of the major reasons why they are favorable in the market.

Gold Alliance website 1

How Does It Work?

When you work with Gold Alliance, opening a gold IRA is a simple process but it might take a while, you will know why later on. Firstly, you will be required to pay an account fee in order to get your account set up.

1. You will need to make a phone call and speak with a representative of the company. After that, the representative will forward a job application to you. The process of providing the necessary information to complete the application will take approximately ten minutes, after which you will send it to the company using the prepaid envelope that has been provided.

2. After receiving your application, the company will take care of it right away. You can expect your account to be active in less than a day.

3. This is a more time-consuming and complicated process than other application methods such as emails. In contrast, there are additional providers of gold IRAs who give you the option to carry out the whole process either online or over the phone.

4. When the account has been completely activated, you will then have another conversation with your representative. They will assist you with rolling over funds from an existing retirement account if that is something you wish to do. 

5. In most cases, the account will be reimbursed after a period of about five business days. Again, this duration is slightly longer than what is offered by some of the services that are competing with it. This particular business might not be the right fit for you if you're seeking an easy and fast signup procedure.

6. The very last thing you need to do is select your investments in collaboration with your representative. You will gain an understanding of the benefits and drawbacks of several precious metals, as well as the potential for growth and the level of risk associated with each.

Gold Alliance steps

Gold Alliance Product And Services

Products

You can buy silver and gold bars and coins from Gold Alliance with different metal contents, all of which are IRA-approved. The gold American Eagle in quarter-ounce, half-ounce, and one-ounce sizes is a popular choice.

A gold bar can be bought in denominations of either 10 ounces or 1 ounce. Silver Round Sunshine, Silver Canadian Maple Leaf, and Silver American Eagle are all part of the silver offerings. Every one of these weighs exactly one ounce.

Furthermore, there are also 10-ounce and 100-ounce silver bars on the company market.

Gold Alliance carries a wide variety of high-quality precious metal coins for collectors.

Calling Gold Alliance will provide you with the most up-to-date pricing information for any of their products. Any item you're considering will have its price sent to you immediately.

Gold Alliance products 1
Gold Alliance products 2

Buyback

If you ever need cash for your precious metals, the company's buyback program will serve you really well. The fact that you can sell coins and bars from other companies only sweetens the deal.

In accordance with their policy, the company promises to buy back any precious metal product you've purchased from them with no hold-ups. However, they will have to check the things they buy from competitors very carefully before making an offer.

Also, remember that the buyback program is restricted to bars and coins.

Custodian And Storage Services

Gold Alliance has chosen Delaware Depository, located in Wilmington, as its go-to storage facility for precious metals that qualify for IRAs. The facility's class 3 vaults and cutting-edge security measures protect assets across more than 72,000 square feet.

Lloyds of London, one of the oldest insurance organizations, provides full coverage for the firm.

As was previously mentioned, Gold Alliance has established partnerships with three IRA custodians in order to facilitate service delivery which are:

1. GoldStar Trust Company

This is also among the best IRA custodians in the United States. Over 37.500 individual retirement accounts (IRAs) in all 50 states are managed by them.

2. Preferred Trust Company

Since its inception in 2007, this organization has rapidly expanded to become a top IRA custodian. Preferred Trust is well-known in the industry for its high level of service and low, all-encompassing rates.

3. Equity Trust Company

With over 30 years under their belt, this IRA custodian has shown to be one of the most reliable in the country. The firm oversees a $25 billion portfolio and has a physical presence in all 50 states.

Fees

No matter how much money you want to make, or how much you want to lose, the Gold Alliance's minimum investments will help you. With an IRA, you can begin investing with as little as $5 or as much as $10,000.

If you're strapped for cash, you'll be happy to know that the minimum investment amount for a non-IRA is merely $10,000. The minimum IRA contribution is $20,000. Additionally, an IRA can be opened with no out-of-pocket expense, but there is a $180 annual storage cost.

Plus, there are special offers available that can help you save money on your expenses at this company. For each individual retirement account (IRA) you establish, for example, you might save 5%.

Gold Alliance does not impose any charges on accounts that are not IRAs. Your purchased metals will be delivered to you safely and securely. In order to store metals outside of an IRA with them, you will need to spend $180 per year for storage and insurance.

Ratings And Reviews Of Gold Alliance

What I Like About Gold Alliance

  • BBB Accredited

Having a positive reputation validated by the Better Business Bureau (BBB) is a great way to get your foot in the door. Reviews from social media platforms are persuasive, but those from company review sites are more reliable. In addition, having BBB accreditation allows you to solicit positive feedback from clients by having them post reviews on the BBB website.

  • Unlimited customer support 

Gold Alliance is committed to serving their clients for the rest of their lives. Experts in the field of investments analyze a variety of investment vehicles and advise you on which ones would be most beneficial to your portfolio. Some of the services you will get are setting up an inheritance for precious metals, adding to your IRA by putting in more money, etc.

  • No secret charges

Investors can open self-directed IRA accounts with the company and allocate their funds to whichever metals they like. In addition, Gold Alliance does not charge any additional fees for transactions made in IRA accounts which is a bonus.

  • A wide variety of precious metals

Gold, silver, platinum, and palladium are just some of the precious metals that the Gold Alliance trades in. They have thus been able to provide investors with a wide range of investment opportunities.

What I Don't Like About Gold Alliance

  • The website does not list precious metal prices

The prices are an important part of customers’ decision making, a website with a list of products with no prices is very inconvenient for customers. I hope they make changes with to in the future. 

  • The application form must be mailed

Getting signed up with other precious metals companies is typically as easy as picking up the phone or going online to a company's website. This company, however, will send you an application via regular mail.

The application itself will simply take a few minutes to complete, but you will need to mail it back to the company thereafter.

Is Gold Alliance A Scam?

Gold Alliance IS NOT A SCAM. They're a company that facilitates precious metals investments both within and outside of retirement accounts. They will simplify the opening of your self-directed IRA by streamlining the procedure for you.

Their BBB page boasts an A+ rating and rave remarks from satisfied customers. They have resolved every single complaint that was filed over the past year.

However, there are a few issues that could arise from cooperating with this company

The price markup is a major negative. The annual maintenance rates are lower than the industry standard because the company pays for your storage, but the metals are marked up to 17-33%.

It could be wiser to deal with a company that earns money from service fees rather than the actual sale price of metals. That might end up saving you a lot of cash in the long term, depending on how much you're investing.

Final Thoughts

To sum up, this is not a bad business decision. It's also not some sort of elaborate hoax.

However, there are plenty of alternatives that can provide the same services at a lower cost and with greater ease and convenience for the customer. This is why we can't give our full endorsement to this company.

Instead, we highly suggest that you check our Augusta Precious Metals. 

All precious metals, including gold, silver, platinum, and palladium, are traded in and out of Augusta Precious Metal. You can also get cash for gold at their Augusta, GA store, or use their convenient automated phone or web platforms to list and sell your gold.

Do you want a gold IRA guide from Augusta? If you answered yes, this is your lucky day as they're offering a guide for free. Just click the button below!

Thank you for completing my Gold Alliance Review. I hope you are able to learn something from me!

Related Posts

United Gold Group Review: Where It Wins And Comes Up Short

United Gold Group Review: Where It Wins And Comes Up Short

Is Atkinsons Bullion A Scam? An Honest Review Of This Company

Is Atkinsons Bullion A Scam? An Honest Review Of This Company

New Direction IRA Review: A Real View of the Company!

New Direction IRA Review: A Real View of the Company!

Gold Alliance Review: An Investigation Into This Company!

Gold Alliance Review: An Investigation Into This Company!

Xenia Raye


Your Signature

Leave a Reply


Your email address will not be published. Required fields are marked

{"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}