Today we take a look at Advantage Gold for you. What is Advantage Gold? A scam or a legit firm? Are there better alternatives out there? What does this company do better than others? These are some of the main questions this short review will focus on. Ok, here we go!
Company: Advantage Gold
Owner: Larry Levin (CEO)
IRA Minimum: $5,000
Direct Purchase Minimum: $5,000
Who is it for? People who want to invest in precious metals, retirees
Overall rating: (4.5 / 5)
What is Advantage Gold – Overview
Advantage Gold is, in short, a precious metal dealer that specializes in IRA rollovers. It is one of the industry leaders and got one of the absolute best reputations in the industry. Their experts will help you convert your existing IRA or eligible 401 (k) into gold, silver, or other precious metals. One of the main philosophies of the company is to educate you and enlighten you on all the options you got so you can make an informed decision yourself.
The physical address of the company is 12100 Wilshire Blvd. Suite #1450 Los Angeles, CA 90025
How does it work?
The website itself is an excellent source of information and educational material. If you, later on, decide to invest with the company, they will also aid in your further education and support you all the way. Below are some of the services offered to you:
- Education on your available options
- Help you set up your IRA account
- Contact your current custodian (or financial advisor) for you and fully process the transfer (or rollover)
- I will be there to support you all the way
- Offer you their buy-back policy if you would like to sell your metals in the future.
The products offered
First of all, the products are (as mentioned already) precious metals, they come in the form of:
The company recently started to offer its clients Bitcoin, Ethereum, and some of the other most established cryptocurrencies for its clients to invest in.
What makes AG Different?
The main thing I would say is their low IRA minimum purchase limit. You can purchase precious metals in an IRA through AG from as low as $5,000 while most other gold firms in the industry have much higher IRA minimum purchase limits. So AG can be a great chooice for “IRA first timers” and/or someone on a “tighter budget”.
The direct purchase minimum is also $5,000 with AG, they are not the lowest on that, my #1 recommended gold firm got a lower direct purchase limit with $3,5k.
Advantage Gold IRAs?
Yes, IRAs are the main thing of the company, and they got you covered here. As mentioned above, you can include the precious metals gold, silver, platinum, and palladium.
But also, as mentioned above, there is now the possibility to include Bitcoin and other cryptos in your IRA now also, something that might be worth looking into and maybe dedicate a small portion of your portfolio some room for.
What about the fees?
There is no info about this subject on the AG website.
P.S. One thing you want to be clear about before you sign anything is the fees. The last thing you want is getting surprised later on with so-called “hidden fees” as this is the absolute nr 1 area where people are getting scammed and ripped-off in this industry. It is full of reviews and testimonials online by people who have had terrible experiences from this, so make sure to know precisely what kind of fees are associated with setting up an account, no matter what company you decide to go with.
The storage offered
The storage options offered to you by AG is a third-party solution that is IRS-approved. The ones you got to choose between is Brink´s Global Services USA, Inc (Los Angeles and Salt Lake City) or Delaware Depository (Wilmington, DE)
How does the support work?
One thing that I always put a lot of weight on when it comes to the support system of a company is if they got a live chat function or not. Does AG got this?
No, they don´t offer a live chat, which is a small minus (at least in my book). The way you can contact them with your questions is either through e-mail or simply by calling them.
Is Advantage Gold a scam?
So, is Advantage gold a scam? No, of course not. It is not a scam. It got real owners and an actual physical address. It is a legit IRA custodian, and not only that, but it is also a great alternative. Their reviews and ratings from some of the most well-known and trusted independent third-party consumer protection agencies.
So let´s have a look at exactly that, shall we:
Advantage Gold Reviews & Ratings
Score: (4.7 / 5) (out of 29 reviews) click here for details (opens in new window)
Rating: (5 / 5) (based on 2 reviews) click here for details (opens in new window)
Overall rating: (4.9 / 5) (out of 1278 reviews) click here for details (opens in new window)
Overall rating: (4.9 / 5) (out of 470 reviews) – To read them, click here (opens in new window)
Rating: (5 / 5) (from 1 review) click here for details (opens in new window)
The conclusion from this:
As you can see, there are many reviews and testimonials available online on the company, and pretty much all of them are positive. Finding a custodian with a better rating and more reviews and testimonials will be hard.
If you want to look at a custodian with an even better reputation and overall score than AG, then click here
The pros and cons
It is always recommended to compare a company’s positive sides against their negative ones before making a decision. As always, we provide you with some obvious points on both sides of the spectrum to complete this job easier for you:
- Excellent reputation and online ratings
- Low IRA minimum purchase limit (starts at $5k)
- It offers an outstanding educational section
- Listed as a U.S. Mint dealer
- Fast delivery
- Not many years in business
- No info about fees on their website
Do you own or represent AG?
If you represent AG somehow or maybe are one of the owners and want to correct something, not in this review, please feel free to contact me, and I will update the review with the new (and/or correct) info. Leave a comment at the bottom of the review or send us an e-mail at firstname.lastname@example.org
Final words and verdict
Overall rating: (4.5 / 5)
Ok, I think this sums up the overall picture of this company pretty well. This is absolutely a legit company, and it is also an excellent choice for you if you are looking for an IRA custodian. The only negative thing I can think of about the company is that they might not be that experienced as they have only been in business for three years.
However, their educational material is excellent, and even if you choose to invest in another company, there is a lot of free stuff on their website that I would recommend that you can go through.
As always, the decision is up to you, and I will make it a bit harder for you by recommending you to have a look at my absolute #1 recommended IRA custodian before you decide.
I hope you found this short review on Advantage Gold to be helpful, and now you should also have a better understanding of what it is and if it is something for you or not. If you have used any of their services, share your experience in the comment section below, as it can help others. Also, if you got any other questions about this review, I will be more than happy to answer them below!
I wish you success!
Founder of: Gold Retired