According to Inc., it is the highest ranking gold company and the third-fastest-growing company in Nevada. We recommend that you contact at least 2-3 different companies before making an investment decision. Do your due diligence and talk to your financial advisor to determine which allocation of your portfolio you would like to dedicate to precious metals. Gold and other precious metals don’t pay dividends and aren’t as easy to liquidate as stocks and bonds.
Make sure you fully understand the pros and cons of this asset class. Precious metals are an insurance policy against a collapse of the dollar and dollar investments such as stocks, bonds, and real estate. According to a recent review posted on TrustLink, Gold Alliance was rated as knowledgeable, informative, and friendly. The company offers its customers a choice of three IRA custodian banks: Equity Trust Company, Preferred Trust Company and GoldStar Trust Company.
In general, it can take around five business days for your precious metals account to be funded, which may be a bit longer than other companies. In line with the company’s mission to educate and inform the public about IRAs and precious metals, Gold Alliance offers a free guide to gold and silver investments. Gold Alliance’s preferred depository for IRA-approved precious metals is the Delaware Depository in Wilmington, Delaware. Companies like Gold Alliance tend to say that their prices are up to 33 percent higher than the market price.
This is primarily because physical gold and precious metals aren’t as susceptible to market volatilities. Some precious metals firms allow you to complete the entire process yourself, which can be confusing for new investors. Therefore, it is very welcome that Gold Alliance is offering this type of service. Products available under IRA approval include popular coins such as Silver Canadian Maple Leaf, Gold American Eagle, Platinum Canadian Maple Leaf, Silver American Eagle, and Gold Canadian Maple Leaf. You will be in constant communication with a Gold Alliance Capital company representative.
Buying coins through a reputable precious metals company such as Gold Alliance also protects you from common scams such as shaved coins or dipped silver and gold bars. You can start accepting distributions from a Gold IRA without being penalized as soon as you reach 59.5 years of age. However, there are enough companies that offer you the same services faster, more convenient and cheaper. If that’s the case, it’s best to talk to someone from Gold Alliance Capital so you can get the valuation you need.
You’ll need to speak with a Gold Alliance Capital representative again once your Gold IRA account is successfully opened.
