Advantage Gold Reviews and Complaints: Are They Legit?

Hi there, welcome to my Advantage Gold review.

I’ve been working with and reviewing tech and finance firms for over 25 years.

So, I was surprised to see a new company making waves in the precious metals market.

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Although Advantage Gold is relatively new compared to other prominent investment partners in the business, it has impressively gained the trust and attention of numerous clients.

However, what factors contributed to the organization gaining recognition and familiarity? Is this gold IRA company really a dependable partner for investing in precious metals, or is it only another corporation with a staff of specialists who sound great but lack evidence to support their reputation?

My following Advantage Gold review will help you answer these questions.

I’ll go over their services, buyback program, reviews, complaints, and more. Apart from my personal perspective, I have shared the experiences of other reviewers as well.

This will help you make a well-informed decision regarding your investments.

The Best Gold IRA Companies In 2024

Before I get started with this review, I want to inform you that I have reviewed dozens of precious metal IRA companies over two decades, and I have curated a list of the top 6 gold IRA companies in 2024. I highly recommend reading this article before proceeding with an IRA transfer.

The #1 Best Gold IRA is Augusta Precious Metals, with its A+ rating from Better Business Bureau, hundreds of 5-star reviews, and lifetime account support. Read my review on Augusta Precious Metals, or visit the official Augusta website to learn more. 

About Advantage Gold

Advantage Gold was founded in 2014 by Adam Baratta, Larry Levin, and Kirill Zagalsky. Although the firm is relatively young, it leverages its extensive expertise to empower consumers to make well-informed investment choices.

Larry Levin possesses prior expertise in the field of S&P 500, while Kirill Zagalsky has gained professional experience at the US Mint in collaboration with Adam Baratta. The company’s attraction to investors lies in the founders’ aggregate experience, which has allowed them to create innovative solutions for precious metals investments that are customized to meet their customers’ specific requirements.

Advantage Gold has quickly become one of the top Gold IRA companies in the industry since its creation, boasting an A+ rating on the Better Business Bureau.

Based on my extensive experience in the precious metals market, I have seen multiple grounds that support the company’s status as a top investment partner to consider. This post will provide a comprehensive analysis of all these causes.

One important observation I made is that Advantage Gold has earned a strong reputation due to the founders’ recognition of the inherent uncertainty in ordinary investments, as well as the relatively low awareness among individuals regarding gold investment.

Driven by their extensive expertise and deep comprehension of assisting clients in making intelligent gold investments, they were inspired to establish Advantage Gold. Since the company’s inception, they have continually attracted investors by prioritizing client contacts and education.

Advantage Gold Products

You’ll find a large pool of investing options at Advantage Gold.

As their primary focus is on precious metals IRAs, their catalog mainly consists of IRA-eligible products.

Advantage Gold offers a variety of gold and silver products that are eligible for investment in a precious metals IRA. Here are some of the available products:

Gold Products

1. American Gold Eagle Bullion Coins: Popular and widely recognized, these coins are produced by the U.S. Mint.
2. American Gold Eagle Proof Coins: High-quality coins with a mirror-like finish, also from the U.S. Mint.
3. Canadian Gold Maple Leaf Coins: Known for their purity and security features, minted by the Royal Canadian Mint.
4. Great-Horned Owl Gold Bullion Coins: Featuring detailed wildlife designs, also from the Royal Canadian Mint.
5. Australian Kangaroo/Nugget Coins: Unique coins from the Perth Mint with annually changing designs.
6. Chinese Gold Panda Coins: Highly collectible coins from the Chinese Mint, known for their panda designs.
7. American Gold Buffalo Uncirculated Coins: Made of 24-karat gold, these coins are a U.S. Mint product.
8. Gold Bars and Rounds: Produced by NYMEX or COMEX-approved refineries.

Silver Products

1. American Silver Eagle Bullion Coins: The official silver bullion coin of the United States, known for its design and purity.
2. American Silver Eagle Proof Coins: Similar to the bullion version but with a higher quality finish.
3. Canadian Silver Maple Leaf Coins: Renowned for their purity and security features.
4. Austrian Silver Philharmonic Coins: Produced by the Austrian Mint, featuring orchestral instruments.
5. Australian Silver Kookaburra Coins: Known for their changing designs and high purity.
6. Chinese Silver Panda Coins: Collectible coins with annual panda designs.
7. Mexican Libertad Coins: Iconic coins featuring the Angel of Independence.
8. Canadian Wild Horse Bullion Coins: Featuring a design of the Canadian Wild Horse.
9. Moose, Great-Horned Owl, Woodland Caribou, Wolverine, and Bighorn Sheep Silver Bullion Coins: Various wildlife-themed coins from the Royal Canadian Mint.
10. Silver Bars and Rounds: Produced by NYMEX or COMEX-approved refineries.

Advantage Gold also offers platinum and palladium products, such as American Platinum Eagle Coins and Canadian Palladium Maple Leaf Coins, which are available for IRA investments.

These products provide a range of options for investors looking to diversify their retirement portfolios with physical precious metals, ensuring compliance with IRS requirements for purity and authenticity.

Advantage Gold Fees and Pricing

Although Advantage Gold’s website asserts that they offer transparent pricing, they refrain from disclosing any information publicly. There is a lack of specific instances or calculations on the potential expenses associated with transferring your investment to the company’s precious metal Individual Retirement Account (IRA).

Instead, you must initiate contact with the organization, and they will assign you a representative who will thereafter provide information regarding any fees associated with Advantage Gold and their services.

Best Highlights of Advantage Gold I Found

I found several qualities in Advantage Gold that made them stand out. While you may find several bullion dealers that offer gold IRAs, this company has focused heavily on client education to make things easier for everyone.

Additionally, I was glad to see their straightforward approach to gold IRAs.

Similar examples include Noble Gold Investments, Birch Gold Group and Goldco.

Easy IRA Rollovers

The primary product line of Advantage Gold consists of Individual Retirement Accounts (IRAs) that focus on gold and silver. Consequently, the organization offers exceptional customer support to all of its IRA customers. Indeed, their highly skilled experts, who have a proven history of success, are always prepared to help you with both immediate purchases and rollover requirements.

Gold IRA rollovers are the transfer of funds or assets from current retirement accounts to a gold Individual Retirement Account (IRA), which invests in actual gold or other certified precious metals. This approach enables individuals to diversify their retirement portfolios by include gold, which is recognized as a safe-haven asset and may protect against inflation and economic uncertainty.

Understanding the Gold IRA Rollover

A gold IRA is identical to a traditional and Roth IRA, except that it contains physical precious metals rather than paper assets such as equities or bonds. There are two main types of gold IRAs:

• Traditional Gold IRA: Contributions are tax-deductible, however, withdrawals during retirement are taxable.
• Roth Gold IRA: Contributions are made after taxes, but withdrawals throughout retirement are tax-free.

Eligibility for Gold IRA Rollovers

The eligibility for a gold IRA rollover is mostly determined by the sort of retirement account you currently own. Most retirement accounts qualify for a rollover into a gold IRA, including:

Types of retirement accounts include the following:

• Traditional IRAs
• Roth IRAs
• 401(k)s
• 403(b)s
• Thrift Savings Plans (TSPs)
• Simplified Employee Pension (SEP) IRAs
• Savings Incentive Match Plan for Employees (SIMPLE) IRAs

Types of Gold IRA Rollovers

There are two primary methods for performing a gold IRA rollover:

1. Direct Rollovers: This strategy entails transferring cash directly from your existing retirement account to your gold IRA without first paying you. Direct rollovers are simple and avoid tax withholding concerns because the funds are transmitted directly between custodians.
2. Indirect Rollovers: With this technique, you receive a dividend from your current retirement account, which you must transfer into your gold IRA within 60 days. Indirect rollovers allow you to act as a middleman in the transfer process. However, there is a key caveat: if the rollover is not completed within 60 days, the payout may be subject to taxes and penalties. In addition, your plan administrator may withhold 20% of the payout for taxes, which you must pay for out of pocket in order to complete the entire rollover amount.

Procedure for a Gold IRA Rollover

The gold IRA at Advantage Gold is quite simple. Nevertheless, as the IRS requires that precious metals in an IRA be held in an approved depository you’d need a custodian. The custodian will next assist with the rollover process, which involves fund transfers and the purchase of actual gold or other precious metals for the IRA.

Considerations

When considering a gold IRA rollover, you should speak with a financial advisor to fully understand the ramifications, including potential costs, tax concerns, and the suitability of gold assets for your retirement planning objectives.

Furthermore, not all retirement accounts or financial institutions provide gold IRAs, so you may need to establish a new account with a company that specializes in this type of investment.

Impressive Product Catalog

Advantage Gold offers a diverse selection of gold, silver, platinum, and palladium coins as investment possibilities for its clients. You have the option to invest in tangible assets or include your selected ones in a precious metals IRA account.

The company provides a diverse range of coins from several countries, with a particular emphasis on coins from the Royal Canadian Mint and the United States Mint. In my opinion, the ability to choose from a variety of investment options enables you to diversify and fortify your portfolio.

An enhanced portfolio is crucial for ensuring a secure financial future, a need in the current economic conditions.

The Advantage Gold IRA

Advantage Gold is committed to offering customers top-notch solutions for investing in precious metals through their IRA. However, it is important to take into account certain factors while considering investment possibilities. More precisely, the organization adheres to the directives of the Internal Revenue Agency (IRA) concerning the specific categories and quality levels of valuable metals that are permissible for inclusion in a gold Individual Retirement Account (IRA).

Rest assured, this does not restrict your investing choices for a retirement account. By choosing to invest in an IRA account with Advantage Gold, you can be confident that you will only get precious metals that are genuine and unadulterated.

Another favorable component of Advantage Gold is its emphasis on exceptional investment opportunities through an Individual Retirement Account (IRA) by carefully selecting reputable refiners and producers. Unlike other firms I have worked with in the past, Advantage Gold is forthcoming about the origin of their precious metals and guarantees the utmost quality of their products.

Prompt Delivery of Precious Metals

Advantage Gold prides themselves on having one of the fastest delivery speeds in the market. This is an additional commendable aspect that only a small number of companies prioritize. Advantage Gold’s delivery time for precious metals is impressively quick, ranging from just 2 to 3 days.

One of the primary factors that drives customers to select Advantage Gold for their investment requirements is its exceptional strength. In addition to their prompt delivery service, the company also provides affordable rates for insured delivery, ensuring the safe arrival of your belongings to your home. Consequently, there is no need for concern on your part.

Exclusive Buyback Program

Investment strategies may be modified over time in response to volatile market conditions and evolving financial objectives. Advantage Gold has the distinct advantage of allowing you to sell your assets back to the firm when necessary. Investors can conveniently sell their assets at market rates and make a swift exit from their current investments through the repurchase program.

Focus On Investor Education

Advantage Gold places a strong emphasis on client education. They provide various resources to help investors make informed decisions about precious metals investments. Here are the key points about their educational offerings:

Learning Center on Website:

Advantage Gold has a robust Learning Center on their website featuring various educational resources such as:

• Free Gold IRA Guide
• Information on IRAs, funding, and withdrawals
• Charts and tools to analyze precious metals markets
• Retirement planning tools
• Gold IRA infographics
• Educational videos from the company’s founders sharing investment insights

Focus on Client Interactions and Education:

The founders realized many people lacked knowledge about investing in gold, so they made client education a core part of Advantage Gold’s mission. Reviews highlight the company’s emphasis on educating customers throughout the investment process.

Market Analysis and Insights:

Advantage Gold provides market analysis and insights to empower investors to understand the best precious metals options based on their needs. Also, this includes sorting through complex information for clients.

Specialized Customer Service Team:

The company has a team of experts with decades of experience in the gold and silver industry. Moreover, they are available 24/7 to offer education, guidance on available options, and support throughout the account lifecycle.

Educational Materials:

Advantage Gold offers a variety of educational materials like free videos, workshops, webinars, retirement protection resources, and real-time market charts for investors.

In summary, client education through comprehensive learning resources, market insights, hands-on guidance from experienced professionals. Also, the key focus for Advantage Gold is to help investors navigate precious metals investments.

Best Gold IRA Companies I’ve Worked With Yet (In 2024)

If you’re seriously looking to invest in precious metals or open a gold IRA, these are the companies I believe you should go with. My experiences with all 3 of them have been excellent.

Augusta Precious Metals (Best for Investments Over $50,000)

Augusta Precious Metals ranks as the #1 gold IRA company in the US. And that’s for good reason.

They have some of the best product catalogs with gold, silver, platinum, and palladium products to offer. But the main highlight is their dedicated web conference and the added focus on client education.

Augusta has an A+ rating on BBB, 1000+ client testimonials, and has been awarded “Most Transparent Company” in 2023 by Investopedia.

No other company puts as much focus on educating their clients about the different aspects of gold IRAs as they do.

My own experience with them was amazing to say the least.

However, their minimum investment requirement is $50,000 which limits the number of people who can open a gold IRA with them. Still, if you have the budget, you shouldn’t look elsewhere.

Goldencrest Metals (Best for Gold Investments)

Run by an actual financial advisor, Goldencrest Metals is another reliable name in the gold IRA industry.

Although they seem new, the team behind the company has been in the finance sector for decades. You would be surprised to see the level of expertise and knowledge these guys have.

My interaction with them was eye-opening. I learned a lot about precious metals through Goldencrest Metals.

That’s why they are my 2nd best suggestion for those interested in gold IRAs.

Preserve Gold (Best Customer Support)

Preserve Gold is a well-established name in the precious metals industry now.

I have talked to several of their clients and all of them praise their excellent support staff. The level of attentiveness and care I noticed there was surprising.

Preserve Gold is one of the few companies that, I can say with confidence, are 100% client-focused.

You’d love to talk to them if you’re new to precious metals investing.

Advantage Gold Pros and Cons

Advantage Gold is a company that specializes in gold IRAs and other precious metals investments. Here are the pros and cons of using Advantage Gold based on the provided sources:

Pros of Advantage Gold

Reputation and Ratings:

• Advantage Gold has an A+ rating from the Better Business Bureau (BBB) and a 4.9/5.0 rating on Trustpilot, indicating high customer satisfaction and trustworthiness.
• The company is also accredited by the Business Consumer Alliance and has positive reviews on platforms like TrustLink and ConsumerAffairs.

Customer Service and Support:

• The company is known for its excellent customer service, with prompt responses to inquiries and knowledgeable staff who provide personalized assistance.
• Advantage Gold emphasizes customer education, offering resources to help investors understand gold investments better.

Competitive Pricing and Fees:

• Advantage Gold offers competitive pricing with no hidden fees or commissions. The cost of opening an account is $50, and annual custodial fees range from $100 to $200, which are relatively low compared to other providers.
• The company charges a fixed fee rather than a percentage of each transaction, which can save investors money in the long run.

Buyback Program:

• Advantage Gold offers a buyback program, allowing customers to sell their precious metals back to the company at the current market value without extra fees or commissions.

Variety of Payment Methods:

• The company accepts various payment methods, including checks, wire transfers, Bitcoin, debit cards, credit cards, and bank accounts, without charging extra fees for these payment methods.

Cons of Advantage Gold

Limited Selection of Coins:

• The selection of coins available through Advantage Gold is somewhat limited, which might not meet the needs of all investors.

Lack of Pricing Transparency:

• Some customers have raised concerns about the lack of transparency regarding pricing and fees on the company’s website. This has led to some investors being surprised by high markups after deciding to proceed with their investment.

Persistent Follow-Up:

• There have been complaints about the company’s persistent follow-up calls, which some customers found to be overly aggressive.

Delivery Delays:

• A few customers have reported delays in the delivery of their precious metals, which can be a concern for those needing timely access to their investments.

Website Lacks Information on Depositories:

• The company’s website does not provide detailed information about the depositories used for storing precious metals, which might be a concern for some investors.

In summary, Advantage Gold is a reputable company with strong customer service and competitive pricing.

Although they have a few cons, they aren’t that significant. The pros clearly outweigh the cons.

Advantage Gold Reviews and Complaints: What Do Others Say?

While I have shared my personal perspective on this company, I realize that you should also see other customers’ opinion.

This way, you can have a better idea of whether they are a reliable firm or not.

When I looked into Advantage Gold reviews, I found tons of praise for the company. Most of the clients are happy with their staff and education material.

Here are a few of them:

As you can see, Anna praises the company’s excellent customer support and follow-ups.

Similarly, the following reviewer says that she recommended the company their friends as well.

In the review below, Joe highlights how Advantage Gold excels at follow-ups.

And these are just a few examples.

I found hundreds of Advantage Gold reviews on Trustpilot, ConsumerAffairs and BBB. They certainly know how to keep their clients happy.

Conclusion

Advantage Gold, although being a newcomer in the precious metals industry, has achieved remarkable expansion. Given the company’s extensive array of commendable attributes, it is easy to ascertain the cause of this achievement.

Nevertheless, I recommend conducting comprehensive research and consulting with their team regarding their cost structure before to reaching a final conclusion. I believe that this comprehensive examination has assisted you in making a more knowledgeable financial selection that aligns with your specific needs.