Genesis Gold Group Reviews

Gold and other precious metal IRAs are an investment and carry risk. Consumers should be alert to claims that customers can make a lot of money in these or any investment with little risk. As with any investment, you can lose money and past performance is not a guarantee of future performance results. Consumers should also obtain a clear understanding of the fees associated with any investment before agreeing to invest.

Genesis Gold Group is a precious metals investment firm that allows clients to invest in physical gold, silver, platinum and palladium through self-directed IRAs. Traditional IRAs typically hold assets like stocks, bonds and mutual funds, but a self-directed IRA offers diversification by including gold in the form of coins, bars or bullion.

While Genesis Gold Group facilitates the process of investing in precious metals, it works with third-party custodians, such as Directed IRA and STRATA Trust, to manage the accounts and ensure regulatory compliance.

It also offers cash purchases of gold.

Here’s how setting up an account and funding it works with Genesis Gold Group:

1. Consultation and account setup: Clients start by discussing their investment goals with Genesis Gold Group, which helps them open a self-directed IRA for precious metals.
2. Choosing a custodian: The firm partners with custodians like Directed IRA and STRATA Trust to manage the IRAs and ensure compliance.
3. Funding the IRA: Clients fund their Gold IRA through cash contributions, transfers or rollovers from existing retirement accounts.
4. Purchasing precious metals: Genesis Gold Group assists clients in selecting and purchasing approved metals like gold and silver for their IRAs.
5. Storage solutions: The physical metals are stored in an IRS-approved depository (Delaware Depository), with logistics coordinated by Genesis Gold Group.
6. Ongoing Support: The firm provides educational resources and support to help clients make informed investment decisions.

Genesis Gold Group offers various precious metals for an IRA investment or for cash purchase. They include:

• Gold coins and bars
• Silver coins and bars
• Platinum coins
• Palladium coins

Coins are available in a variety of weights: One ounce, half-ounce, quarter-ounce and one-tenth.

Genesis Gold Group offers a flexible pricing structure for both cash transactions and self-directed IRAs. For an IRA, it charges a flat annual fee of $250, with an additional $95 for storage. It recommends setting up an IRA for investments beginning around $30,000 to $40,000, while cash transactions require a minimum of $10,000.

Purchase prices for precious metals depend on market factors. After setting up a cash account and locking in prices, wiring instructions are sent to the customer. Once the invoice is paid, metals are shipped discreetly and are fully insured until signed for.