The Gold Financial 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.

The Gold Financial Group, based in Simi Valley, California, was established in 2013 and has over 40 years of combined experience in precious metals. The company is primarily a precious metals dealer specializing in bullion coins, bars and ingots as well as numismatics (collectible coins).

The company also helps clients set up self-directed IRAs (SDIRAs) by working with custodial partners. The Gold Financial Group then acts as an intermediary to move and store approved precious metals into these accounts.

As a client, you can purchase precious metals and numismatics directly from the company’s website. After you choose a product, you’ll select “get a quote,” where you’ll be prompted to enter your name, email address, phone number and requested quantity. A representative will then contact you with the current list price.

When you confirm your order at this price, you’ll enter into a legally binding agreement and must submit your payment within a specified amount of time. This is typically 72 hours for a wire transfer and five days for other forms of payment, like check or money order. Your purchase can either be sent directly to you within 28 days, or you can request the company store your precious metals for an additional fee.

The Gold Financial Group sells precious metals online. In some cases, it will also buy back gold and silver from its clients, but this is on a case-by-case basis.

• Gold and silver: Physical gold and silver coins and bars are sold directly from the company. Both bullion and numismatic coins are available.
• Precious metals IRAs: Although the Gold Financial Group does not hold or manage IRAs, it does assist clients who wish to open one. These precious metal IRAs (also called gold IRAs) are a subset of a traditional IRA that allows IRS-approved precious metals to be invested. Clients can also transfer funds from an existing retirement account and roll them into a newly opened gold IRA.

The Gold Financial Group sets prices in real time based on fair market value, and when you receive a quote, it must be confirmed within three minutes to lock in the price. You then have a set period to send in payment, and if you fail to do so you may be charged a fee and your order may be canceled. In addition, you may encounter other costs, such as:

• Shipping: Customers must pay shipping charges for purchases under $199, but shipping insurance is covered by the company on all packages.
• IRA fees: Clients with gold IRAs may have to pay transaction, storage and management fees.
• Storage: The Gold Financial Group can arrange storage for your precious metals for an additional fee.
• State sales tax: Depending on the state you’re in, there may be sales tax that’s added to your order, though some states exclude bullion coins from this.

Yes, the Gold Financial Group is a legitimate company that’s been a precious metals dealer for over a decade. The company provides professional assistance setting up and maintaining gold IRAs, only works with IRS-approved depositories and offers competitive pricing on gold and silver. It also guarantees all its products for authenticity and offers a seven-day, money-back guarantee on all first purchases.