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Precious metals have been considered a valuable investment for centuries due to their rarity, durability, and intrinsic value. Many see these alternative assets, such as gold, silver, platinum, and palladium, as reliable and stable since they serve as a hedge against inflation and economic instability. This is proven by their long history of maintaining their value, and they are often viewed as a safe haven asset during times of uncertainty in the stock market or global economy. Additionally, they are tangible assets that you can hold in your possession, which can provide a sense of security and control over your assets.
Are you interested in investing in precious metals but don't know where to start? With so many companies out there claiming to be the best in the industry, it can be overwhelming to choose one to work with. That's where we come in. In this article, we'll be taking a closer look at USAGold, a company with almost 50 years of experience. We'll discuss the products and services they offer, as well as the pros and cons of working with them. By the end of this article, you'll have a better idea of whether USAGold is the right choice for your precious metals investment needs.
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What is USAGold?
USAGold has been in the precious metals investment business for far longer than many of its competitors, which is a testament to its reliability and trustworthiness. The company was founded in the 1970s as a family-owned business, and to this day, it remains one.
One of the things that set this company apart from its competitors is its commitment to providing top-quality customer service and making sure that its clients are satisfied with them. The company does not use high-pressure sales tactics, and its staff is dedicated to ensuring that each customer receives the personal attention they need. Even though the company has grown significantly since its founding nearly 50 years ago, it has maintained a staff size that allows it to provide personalized customer service to each client.
Over the years, the company has developed strong relationships and contacts within the precious metals industry. These enable them to offer highly competitive pricing on its products. It is also important to know that their Online Order Desk is available 24/7 and provides live pricing information, making it easier for clients to place orders at any time. Those who need assistance with placing their orders can always call and speak with one of their experienced brokers, making them a really appealing company to work with. Each broker has at least ten years of experience in the industry and is highly knowledgeable about the products and market trends. You can surely rely on them.
Also, it is committed to helping its clients make informed decisions, and it offers a wealth of educational resources to support this goal. You can check out their extensive library of articles and videos that cover a wide range of topics, from the basics of precious metals investing to advanced strategies. In addition, they also offer a complimentary information packet to new customers that include information about the company and the products it offers.
Their Products and Services
USAGold provides a wide range of options that suit the needs of different investors. Their variety of gold and silver products can cater to the needs of their clients as they offer bullion by different mints. These come in coins and bars, giving you the flexibility to choose the product that fits your goals. Continue reading below to know the advantages and disadvantages of these products
Gold Coins and Bars
The company offers coins of different sizes and denominations from various countries, including the American Eagle, Canadian Maple Leaf, South African Krugerrand, American Buffalo, and Austrian Philharmonic. These are globally recognized and highly liquid, making them an ideal investment for those who want to venture out into alternative assets.
In addition to coins, they also have bars ranging in size from 1 troy ounce to 1 kilo. These are produced by reputable refiners and come with a certificate of authenticity. They make an excellent choice for those looking to make a larger investment as they offer a lower premium over the spot price compared to coins.
Silver Coins and Bars
Aside from this, the company has silver coins for their clients, which include the same types as their gold counterparts. These coins are made from 99.9% pure silver and are a cost-effective way to add silver to your portfolio. Similarly, they also have silver bars ranging in size from 100 ounces to 1 kilo.
IRA Rollovers
Though they are not an IRA custodian, they still offer to assist clients in rollovers. This is because most of the retirement plans offered by the company start with an IRA rollover. By doing so, it allows investors to hold precious metals in their retirement accounts. This is really beneficial as you can transfer your funds from your existing IRA to your new precious metals account without incurring penalties. Also, with a rollover, you can diversify your portfolio with precious physical metals, and you can safeguard yourself against market volatility and inflation.
They work with two trust companies that can assist with transferring funds from an existing 401(k) or IRA. Once the funds are transferred, investors can work with a representative from the company to choose IRA-approved precious metals that they want to hold in their account.
Gold News and Resources
Their website also provides useful resources for investors, including a "Gold News" section, which includes the daily market report, live prices, market updates, opinion blogs on investing, and the company's monthly newsletter. This section also includes charts and graphs showing the historical prices for gold and silver, making it easier for investors to stay informed and make educated investment decisions.
Why Choose Them?
There are several reasons why many choose USAGold as their precious metals dealer of choice or why they are appealing to most clients.
Pros
Cons
How to Transact With USAGold
The company has made it easy for customers to transact with them, whether it's buying or selling precious metals. Here's a step-by-step guide on how to buy their products.
Buying From USAGold
Selling Your Assets
The selling process is just as easy when buying from them. Here's how.
Are They Legit?
USAGold is a legitimate company. But when considering investing in precious metals, it is important to conduct thorough research to ensure that you are working with a reputable company. Though they may seem like a trustworthy company, Take note that there are very few reviews on popular sites such as Trustpilot and TrustLink, which may make some hesitant to work with them.
Despite the limited reviews, it is not a scam and appears to offer the products and services advertised on its website. However, there are potential drawbacks to working with them, such as the fact that they are not an IRA custodian. If you are interested in setting up a gold or silver IRA, you will have to work with a separate custodian company to transfer funds from an existing retirement plan.
Additionally, the company only offers gold and silver bullion, which may not be suitable for those who are interested in diversifying their portfolio by investing in other precious metals such as platinum or palladium.
Based on the information provided in the article, USGold is legitimate. The company has been around for almost 50 years, and it is highly unlikely that a scam company would be able to stay in business for that long. However, the drawbacks we mentioned earlier could make it a less appealing option for some. Ultimately, the decision about whether or not to work with them is up to you and your unique financial goals and circumstances.
Should You Work With Them?
In conclusion, investing in precious metals is an excellent way to diversify your investment portfolio. However, it's crucial to do your research and choose a reputable and trustworthy company to work with. While USAGold has been around for almost 50 years and is not a scam, their limited reviews and lack of IRA custodian services may make them a risky choice for some investors.
After reviewing the information about the company, it's clear that this company may not be the best choice for investors. With limited online reviews and the need to work with a separate IRA custodian, there are too many unknowns and potential drawbacks to recommend them. Instead, we encourage you to research other highly-rated gold investment companies to find the best fit for your needs. By taking the time to do your due diligence, you can feel confident in your investment decisions and set yourself up for success in the long run.
Additionally, Weighing the pros and cons carefully and comparing the company with other highly-rated competitors before making your final decision is essential. Remember, investing in precious metals is a long-term investment, and choosing the right one to work with can make a significant difference in the success of your portfolio.
Although USAGold is a legitimate company, they have limited reviews which you should take as a warning sign. Since It is important to work with reputable companies that are known for their high customer satisfaction, we believe that there are better precious metals providers than them.
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