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October 28, 2022

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

Welcome to my United Gold Group review!

United Gold Group may be the answer if you are seeking for a company that can help you trade precious metals; nevertheless, there is always a flip side to every coin.

In this post, I am going to focus on United Gold Group facts, such as what they have to offer, the benefits and drawbacks of their services, and more!

Without any further delay, let's move on to the review!

United Gold Group Quick Summary

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What Is United Gold Group?

UGG website

United Asset Group is a privately held, family-run firm that facilitates the purchase of precious metals, real estate, cryptocurrency, and other alternative investments for its clients.

According to United Gold Group, they are focused on providing solutions to the most pressing problems faced by their customers. What sets them apart is exactly what drives their success: their novel approach.

They offer a wide variety of options for people to use in order to realize their goals of diversity and security.

Furthermore, United Gold Group is committed to maintaining a high standard for the precious metals business and is therefore a member of the National Coin & Bullion Association (ICTA), the industry's inspector.

How Does United Gold Group Work?

You can plan your financial future anyway you like with tax-advantaged accounts like a self-directed IRA. Make a portfolio that's unique to you, one that gives you the flexibility to invest in both traditional and non-traditional assets while giving you the chance to pay less or no tax on your earnings.

You have total authority over a self-directed IRA. You are responsible for sourcing investments, conducting your own research, and supervising account operations. What United Gold Group does is process transactions, keep records, file taxes, and distribute funds.

You, as a customer, get to take use of Madison Trust Company's seasoned custodial services, as well as the safety and convenience of utilizing the depository of your choice for the precious metals in your individual retirement account. Texas, Delaware, Salt Lake City, New York City, and Los Angeles are all valid depositary states.

This is how you open an IRA account in United Gold Group:

  • Give them a call.

Simply dial (800) 753-8534 to speak with one of their IRA Product Specialists who will walk you through the application process.

  • Transfer funds to your account.

Your old IRA money can be moved to your new IRA within 3 business days. In most cases, your present custodian does not need to be contacted. Your new IRA will allow you to invest in gold, silver, or a combination of the two once it has been financed.

  • Purchase your desired gold and silver products.

Your precious metals that are suitable for an IRA can be safely held in one of the many IRA-approved vaults located across the US, such as the Delaware Depository Securities Corporation (DDSC) in Delaware and several Brinks depository vaults.

Products And Services Of United Gold Group

The United Gold Group offers a wide selection of precious metals for purchase, including gold, silver, platinum, and palladium, in the form of coins and bars of varying lengths and widths.

UGG gold
UGG silver
UGG platinum

They make an effort to keep their gross profit within a range of 2% to 25%, although this is dependent on a wide variety of criteria, such as availability, demand, quantity, selection, and denomination.

In addition to the sale of precious metals, United Gold Group also operates under a buy-back policy, according to which the company will purchase your precious metals from you at values that are comparable to the market.

According to the information provided on their website, the following are some of the additional services that United Gold Group provides:

  • Precious Metals Vault Services
  • Account Roll-overs & Transfers
  • Beneficiary & Remainderman Designation
  • Self-Directed IRA Administration Services
  • Assistance with Required Minimum Distributions
  • Sale and Transfer of Precious Metals
  • Retirement Trusts

Ratings And Reviews Of United Gold Group

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UGG bbb 1

What I Like About United Gold Group

  • Member of the ICTA

Membership in the NCBA (ICTA) is considered a huge plus because of the association's role as the industry watchdog, which includes fostering best practices among members and providing a learning environment for compliance with federal and state regulations for precious metals dealers.

  • Provides access to a broad catalog of goods and services

A broad catalog means they'll always have something to supply the needs of their potential customers. They have a lot of choices which will give you a lot of opportunities.

  • Accredited by the BBB, with a score of 5/5 and an A+ rating

This company has shown that they are willing to work to handle any customer concerns in a fair and expeditious manner, one of the requirements for BBB accreditation.

What I Don't Like About United Gold Group

  • Lack of online ratings and reviews

Purchase intent decreases when there aren't enough customer reviews to allay customers' concerns about the company's quality.

  • Just starting off in the industry

Many clients prefer to work with companies they are familiar with and have done business with frequently, which puts a young business like United Gold Group in jeopardy.

Is United Gold Group A Scam?

United Gold Group is not a scam. Yes, United Gold Group is a relatively new player in the market. However, there are currently no warning signs associated with this company.

Moreover, it is accredited by the Better Business Bureau in addition to being a member of the ICTA, both of which are respected organizations in the precious metals business. 

Final Thoughts

Because they have already established their standing in the market, it is likely that the vast majority of you will choose to work with businesses that have been operating in the industry for a significant amount of time.

As a result, you have every reason to feel confident in your gold purchases.

One of these businesses is called Augusta Precious Metals, and it has a fantastic reputation in the sector where it operates.

Customers who have a tax-deferred retirement account and want to invest in gold and silver can do so with Augusta Precious Metals.

The BBB and the BCA have both awarded Augusta Precious Metals their highest possible ratings, and customers have given the company rave evaluations for its gold IRA services on review sites like TrustLink.org.

Augusta is vested in enabling clients with the knowledge and tools to build a secure financial future through investment diversification.

Thank you for taking the time to read this review! Remember to make smart choices!

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Xenia Raye

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