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When it comes to your retirement, there are a lot of options to choose from when it comes to investment. One option that is often overlooked is investing in gold.
This may be due to a lack of understanding about what gold IRA investments are and how they work. In this blog post, we will take an in-depth look at Allegiance Gold and why investors should consider them for their retirement planning.
Before we get started with this review:
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Allegiance Gold Company Background and Information
Allegiance Gold’s mission is to help clients protect their hard-earned assets and plan for a comfortable retirement.
The company was founded in 2013 by Mark Naaman and Alex Ebkarian, who have over 50 years of combined experience in the precious metals industry.
Allegiance Gold is one of the leading companies in the United States when it comes to buying, selling, and storing gold and other precious metals.
They are headquartered in West Hills, California.
Allegiance Gold is a member of the Better Business Bureau and has an A+ rating.
They are also a member of the American Numismatic Association, the Professional Coin Grading Service, and the Industry Council for Tangible Assets.
Allegiance Gold offers a wide variety of products including gold, silver, platinum, and palladium coins and bars from mints all over the world.
The Allegiance Gold senior management team has over 50 years of combined experience in the precious metals industry.
Mark Naaman is the CEO and Co-Founder of Allegiance Gold. He has over 30 years of experience in the precious metals industry.
Prior to founding Allegiance Gold, he was the President of American Numismatic Rarities, one of the leading rare coin dealers in the United States.
Naaman is also a member of various professional organizations such as the Professional Numismatists Guild, the American Numismatic Association, and the Industry Council for Tangible Assets.
Alex Ebkarian is the COO and Co-Founder of Allegiance Gold. He has over 20 years of experience in the precious metals industry.
Ebkarian is a member of the Professional Coin Grading Service and has served on the Board of Directors for the American Numismatic Association.
Custodians and Storage
Allegiance Gold offers both segregated and non-segregated storage options for their clients’ precious metals.
Segregated storage means that your precious metals will be stored separately from other clients’ precious metals.
Non-segregated storage means that your precious metals will be stored together with other clients’ precious metals.
Allegiance Gold uses only Brinks depository for their storage needs. Brinks is one of the largest and most secure precious metals depositories in the world.
Allegiance Gold Products and Services
Allegiance Gold offers a variety of services for their clients. Some of these services include: IRA rollovers, transfers, and new account setup. They also offer gold bars and coins, as well as storage and shipping.
Some of their gold coins include the Australian Gold Marlin, Canadian Gold Maple Leaf, and American Gold Eagle.
Allegiance Gold also offers a learning center on their website. This is a great resource for investors who want to learn more about gold investing.
Precious Metals IRA
An IRA is an Individual Retirement Account that allows investors to save for retirement with certain tax advantages.
There are two types of IRAs: traditional and Roth.
With a traditional IRA, investors can deduct their contributions from their taxes.
With a Roth IRA, investors’ contributions are not deductible from their taxes, but their withdrawals are tax-free.
Allegiance Gold offers both traditional and Roth IRAs.
Investors can rollover their existing 401(k) or 403(b) into a gold IRA.
What is a Gold IRA?
A Gold IRA is an Individual Retirement Account that allows investors to hold physical gold in their retirement accounts.
Gold IRAs are a great way to diversify one’s portfolio and protect their retirement savings from inflation.
Some of the benefits include:
Diversification: Gold is not correlated with stocks and bonds, so it can help investors diversify their portfolios.
Inflation Protection: Gold has traditionally been a good hedge against inflation.
Tax Advantages: With a traditional IRA, investors can deduct their contributions from their taxes.
What is a Self-Directed IRA?
A self-directed IRA is an Individual Retirement Account that allows investors to hold a wide variety of assets in their retirement accounts.
Some of the assets that can be held in a self-directed IRA include:
Allegiance Gold offers self-directed IRAs so that investors can hold physical gold in their retirement accounts.
ETF vs. Physical Gold
An ETF is an Exchange Traded Fund that tracks the price of gold.
ETFs are a simple way to invest in gold without having to take physical possession of the metal.
However, there are some disadvantages to ETFs:
-They are subject to counter-party risk
-They can be traded at a premium or discount to the underlying price of gold
-They are not 100% backed by physical gold
Physical gold, on the other hand, does not have these disadvantages.
When you invest in physical gold, you take physical possession of the metal and you can store it in a secure location.
How to Fund a Gold IRA
The process of funding a gold IRA is simple.
First, investors will need to set up a self-directed IRA with a custodian.
Once the account is set up, they will need to choose a precious metals dealer and purchase the gold.
Finally, they will need to have the gold delivered to a depository for storage.
Allegiance Gold can help investors with all three steps of this process.
Frequently Asked Questions
What is the minimum investment?
There is no minimum investment with Allegiance Gold.
How long does it take to set up an account?
It usually takes about 48 hours to set up an account with Allegiance Gold.
How long does it take to rollover my 401(k)?
It usually takes about 30 days to rollover a 401(k).
How long does it take to receive my gold?
It usually takes about 14 days to receive your gold.
What is the process for selling my gold?
The process for selling your gold is simple. First, you will need to create a sell order on their website. Once your sell order is created, you will need to send your gold to Allegiance Gold. Once they receive your gold, they will process your payment and send it to you.
There are no fees to set up an account with Allegiance Gold. However, there are fees for storage and shipping.
The fees for storage depend on the type of storage you choose: private or segregated.
The fees for shipping depend on the type of shipping you choose: standard or overnight.
Pros and Cons
Some pros of investing with Allegiance Gold include: no account minimums, a variety of products and services, and a learning center.
Some cons of investing with Allegiance Gold include: fees for storage and shipping.
Why Invest with Allegiance Gold?
There are many reasons why you should invest with Allegiance Gold. Some of these reasons include: they offer a variety of products and services, they have no account minimums, and they offer a learning center.
Is Allegiance Gold A Scam?
No, Allegiance Gold is not a scam.
Allegiance Gold is a legitimate company that offers a variety of products and services to help you invest in gold.
They have been in business since 2013 and have helped hundreds of people invest in gold. If you are looking for a way to invest in gold, then Allegiance Gold can assist you.
In conclusion, if you are looking for a reliable and reputable gold company to invest with, then Allegiance Gold is worth considering. With over a decade of experience in the industry, they have a proven track record of providing customer service and delivering on their promises.
They offer a variety of products and services, they have no account minimums, and they offer a learning center. So if you're protecting your portfolio with gold, then Allegiance Gold can help.
Thanks for reading our Allegiance Gold review! We hope it was helpful in your decision-making process.
Allegiance Gold is worth considering but we do not recommend them.
They are not the best option for investors that are looking to convert the existing 401k or IRA into a Gold IRA and they are not a great option if you are looking to make cash purchase either, like the other gold companies we have written about.
You can get a Free Gold Investors Guide from our top gold and precious metals company recommendation by clicking the link above or you can read our article of the top companies we reviewed this year:
Or, if you like what you have read about Allegiance Gold, you can go to their website below: