Today we review Genesis Gold Group for you. What is Genesis Gold Group? a scam or is their service legit? Is it for you or should you look into other alternatives instead? We look at Genesis Gold Group reviews found online as well and conclude how good of a quality they are!
Company: Genesis Gold Group
Owner: Jacob Diaz (Co-Founder) & Bradley Garrett (Senior Vice President)
Who is it for: Retirees, precious metals investors
Overall rating: 3.5 / 5
There are many scammers who will trick you into giving them your hard-earned cash.
They employ high-pressure sales techniques like calling you every day.
To avoid this, please do your own research before you decide what firm to invest with.
You can do this by checking the reviews and ratings independent 3rd party consumer protection agencies give them.
To discover which investment firm consumers rate the highest… who won’t bother you with pushy sales calls… and who you can trust to protect and grow your wealth… then take a look at the #1 Recommended Gold & Silver IRA Dealer on our top-5 list (works with ALL major custodians).
With that being said, let´s continue with the review on The Genesisgoldgroup.com!
What is Genesis Gold Group? Are its services as heavenly great as its name? This review will give you a detailed outline of this company and help you to understand how exactly you can benefit from what it has to offer. The main areas we are going to focus on about Genesis Gold Group include:
- What is Genesis Gold Group?
- How does it work?
- Which services does this company offer?
- What are the fees?
- Is it a genuine firm?
- Reviews & ratings from third party consumer protection agencies
- Are there better alternatives?
- The main advantages and disadvantages?
What is Genesis Gold Group?
Do you want to position yourself in order to secure your future by investing in precious metals? If yes, then Genesis Gold Group might be a platform for this. They are very new in this industry though, they opened up business in 2022, so only 1 year from now…
The Group claims to work based on the clues given in the bible about the instability of paper-based currency and how entirely depending on it can lead to rising conflicts on the earth. According to the bible’s teachings, Gold and Silver are the two most precious metals that are sent to us on earth to use as money.
Therefore, there is no reason to ignore the value of these precarious metals in our lives. Following these teachings, the Group believes in the faith-driven stewardship of Gold and silver and proclaims that investing in these precious metals is the best way to avoid these conflicts and live a satisfied life on earth.
The physical address of this company is:
9478 W Olympic Blvd, Suite 301,
Beverly Hills, CA, 90211
Let’s see how this group works.
How does it work?
To open a Gold IRA account with this group works in a pretty straight forward way, you just have to follow these simple steps below:
Firstly, you will have to fill out an IRA application form and you will be assigned a self-directed custodian for this process. The relevant mentor will thoroughly guide you on how to fill in all entries and which documents you have to attach along with this form.
Once the form is completed you will have to either mail it physically or sign it via DocuSign. You can choose any of these options as the team will provide you with full support in both cases.
In the second step, you will have to transfer the funds to the account. You can transfer all of your existing and qualified retirement funds into this account without paying any tax or penalty, one of the clear benefits with this method.
The Genesis Gold Group claims to give you full support during this stage as well and directs you to the present bank or custodian to transfer all funds.
In the third step, you will have to purchase precious metals like Gold, Silver, Platinum, and Palladium.
This can be overwhelming for you if you are new, however, do not worry, the team of experts from The Genesis Gold Group will guide you properly during the entire purchasing process.
All of these metals will be held at the Delaware depository supported by CME and ICE.
As mentioned, the products offered are gold, silver, platinum and palladium:
Genesis Gold Group Gold IRAs?
As mentioned, they do offer precious metals IRA services.
IRA refers to an Individual Retirement Account and the purpose of this account is to secure your retirement funds for a longer term.
The custodians they work with are
The group relies on two different companies in case of the fees for account setup, custodial responsibility, and storage of precious metals. However, no further information is available on the fees and pricing.
It is very important that you ALWAYS know exactly what fees you are going to have to pay before you move forward. There are so many nightmare horror stories to be found online about people getting “surprised” with so-called hidden fees that the person had no idea about before it was to late… So please make sure to double check this!
**This particular small gold company is 100% transparent on fees
Again this is not really something that is clear on their website, they say they work with several custodians but they only mention 2, or more correct, they do not mention them but more correct show the logos of the two custodians:
Important to mention here:
Transparency is what you want from a company, so please do not settle for less. It can be a pretty annoying to having to call in and ask about every single thing instead of just finding the info clearly on a website.
Is Genesis Gold Group a scam or legit?
So, is Genesis Gold Group a scam or is it a legit dealer? Again, there is a clear read flag as it only got 1 year in business, doesn´t have to mean they are not to be trusted but it do raise some concerns.
Another concern of mine is that their fees are not clearly displayed on their website…
They got a real physical address though, and real owners… However, if they are your best bet out there is a whole other story.
Reading reviews on a particular company is one of the absolute best ways to figure out the quality. Is there any reviews to be found online about Genesis Gold Group? As always, we have looked mainly at what the most well-known and trusted, independent, third-party consumer protection agencies have to say. Below are the results we found:
Genesis Gold Group Reviews
BBB (Better Business Bureau)
Overall rating: 5 (from 31 reviews) click here for details (opens in new window)
Overall rating: N/A
BCA (Business consumer Alliance)
Overall rating: N/A
Overall rating: N/A
Overall rating: 5 (from 12 reviews) click here for details (opens in new window)
Conclusion from the reviews and ratings we found:
As you can clearly see above there isnt that much to be found, and that might not be that strange as they have only been in business for a short while. The reviews and ratings we did find though were mostly overall positive ones.
Alternatives to Genesis Gold Group?
Are there better alternatives? Well, I would without a doubt have to say yes to that question. There are more than just a handful of companies I would consider to look at before moving forward with any decisions. Remember, it is ALWAYS good to compare different alternatives, especially in this industry. There is no “best” as it will depend on your situation, your budget, etc.
On this page we have collected the 3 top alternatives (every budget covered)
Pros & cons of Genesis Gold Group
- Offer Platinum and Palladium on top of gold & silver
- Mostly positive reviews & ratings
- Fees not clear on their website
- Only about 1 year in business (since 2022)
Do you own or represent Genesis Gold Group?
If you are a representative, or associate of Genesis Gold Group and have found something not to be correct in this review please, feel free to tell us and I will make sure to update the info on this post. The easiest way to do it is in the comment section below or simply by sending us an e-mail to firstname.lastname@example.org.
Final words and verdict
Overall rating: 3.5 / 5
Ok, I think that sums up the overall view of this company pretty well for now. As always, we try to update our reviews as soon as anything new comes up, so will we do with this one. For now, I think that the average rating of 3,5 is a fair one, this can of course change to a higher or lower one in the future, when we (as mentioned) update the review if we get new reports and info.
The fact that this company is still very very young, together with the lack of info about fees and custodians on their website is what mostly brings our rating down. As always, the decision is up to you to make.
What I would recommend? You got this!
First of all, we can´t stress enough the importance of acting intelligent. Please make sure to ALWAYS do your own research and to compare different alternatives before you move forward.
You are a smart person, I know that as you have clearly started to do your research as you are reading this review.
So am absolutely sure that you will find the right company to do business with, one that suits your particular needs. Most importantly, one that you feel safe and comfortable with.
The absolute best I can recommend is actually a pretty small company, they do not think small though, everything about them are professional and transparent. They offer a lot of benefits, am talking about Augusta Precious Metals, they actullay educated their customers on what to look out for.
If you want to discover all about their service and why you might want to consider them, and what they got to offer to you:
I hope you found this short review on Genesis Gold Group to be helpful and that you now have a better understanding on what it is and if it´s a scam or not. If you have used any of their services then please share your experience in the comment section below as it can help others make better decisions to read more reviews about them. Also, if you got any questions about this I would be more than happy to answer them below!
Much success to you!
Michael, founder of Gold Retired