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Advantage Gold Reviews: Pros, Cons, All the Details

As you begin researching investing in precious metals, you have likely realized the importance of working with a gold IRA company.

There are so many names in the industry that it can be confusing which one to choose, which is why research is so critical.

Advantage Gold LLC is a company that has a good rating on many consumer reviews sites, but does it measure up to its promises? Is this a company you can trust with your financial future?

In this Advantage Gold review, we want to give you inside information that will help you determine if this company is right for you. We will tell you everything there is to know about the services they offer.

From the Beginning: The History of Advantage Gold

Advantage Gold was opened for business in 2014 by the company's founder, Adam Baratta.

Baratta co-founded Advantage Gold with Kirill Zagalsky. The two continue to run the company today.

This wealth management firm calls itself “The Leader in Precious Metals IRA Rollovers.” This self-named title is because of their large IRA d epartment that focuses solely on helping investors convert their existing retirement account into a precious metals IRA.

Advantage Gold also seeks to educate the public on investing in precious metals. All it takes is an existing IRA to start investing in a gold IRA for retirement.

The company takes new investors through each stage in the process. They want their customers to succeed, and it shows.


Advantage Gold Management Team

There are two key players in the Gold Advantage lineup. Learning a little about each of these professionals will help you understand what to expect from the company.

Adam Baratta

Adam Baratta co-founded the company. Before opening Advantage Gold, Adam worked with another international dealer, serving as a Senior Account Executive.

Kirill Zagalasky

Kirill is another co-founder of the company. Like Adam, Kirill also started his career working with another international mint dealer.

He was also the Vice President of a world-renowned brokerage firm. You will often find Krill Zagalsky on networks like NBC, discussing the advantages of investing in precious metals IRAs.

Contact Information for Advantage Gold

Address:

12100 Wilshire Blvd. Suite #1450

Los Angeles, CA 90025

Phone: (310) 800-2473

Website: www.advantagegold.com

Consumer Ratings & Reviews

While it is important to know all the details about a company before you get on board, there is one thing most consumers are looking for when searching for a company for investing in physical precious metals.

You want to know about their reviews. Check out the information below.

Business Consumer Alliance

The BCA rating for Advantage Gold is AAA, with a five-star rating based on two customer reviews. The company has been a member since August 2014.

Advantage Gold's rating continues to stay at the very top. At five stars, this company appears to be making customers happy.

Better Business Bureau

The current BBB rating for the company is A+. The current star rating is 4.82 out of 5 stars.

One complaint has been filed against the Better Business Bureau within the last three years, though we could not pull up any information on this closed case. Their BBB rating is impressive at almost five stars.

Advantage Gold Pros & Cons

In addition to learning about the ratings and reviews of the company, you also need to learn about the pros and cons. We feel this information is essential to the Advantage Gold review, and for helping you decide if you should trust this company to handle your gold IRA account.

The following are the pros and cons we have discovered in our research:

Pros

Cons



Fees Charged By Advantage Gold

Before starting with Advantage Gold, you need to be aware of the fees charged by the company. Unfortunately, we had a difficult time finding fee information.

After careful research, we were able to discover the following information, though it is subject to change:

  • You will be charged a one-time account set-up fee of $50. The annual fee ranges from $100 to $250, based on your asset value.
  • Shipping charges on orders are variable.
  • Account termination fees range from $50 to $75.
  • Research fees range from $25 to $75 an hour.

If you bring $50,000 or more from an IRA rollover, your fees for the first year will be waived by Advantage Gold. The company also regularly runs promotions that help you save money on fees.

Your fees will also be determined by which custodian you choose, either Strata Trust Company or Equity Trust Company. Make sure you select wisely.


What to Expect From the Signup Process

When you decide to work with Advantage Gold, the process is fairly streamlined and easy to approach because they use Strata Trust Company and Equity Trust Company as their preferred IRA custodians.

Both Strata Trust Company and Equity Trust Company have been in operation for many years and are used by the top precious metals dealers in the United States. The following are the steps involved in signing up with Advantage Gold:

1. Fill out the Gold IRA account paperwork with Equity Trust Company or Strata Trust Company. Advantage Gold offers direct links to the paperwork. These forms are available through Adobe Sign, making them easy to fill out and sign.

2. You can also contact a representative to help open a gold IRA. They will be happy to answer any questions you may have.

3. Next, you will need to fund your gold IRA. You can fund the account by rolling over from an existing self-directed IRA, sending a check, or wiring the money from your bank.

4. Once your account has been funded, you can begin purchasing gold, silver, and other precious metals. An Advantage Gold representative will walk you through the process if you need assistance selecting IRS-approved Royal Canadian Mint Coins for your precious metals IRA accounts.


Gold IRA Custodianship & Storage

As we mentioned above, Advantage Gold works with two respected gold IRA custodians. Both Strata Trust Company and Equity Trust Company are good custodians to work with.

Both companies have had customer complaints, so be mindful of what to expect. We will say that these companies are widely used in the industry and are 100% responsive to customer complaints.

You will also need to select a depository because the IRS does not allow you to take physical ownership of your precious metals. The depository of choice for Advantage Gold is the Delaware Depository. This is a depository many in the industry use for precious metals storage.

Advantage Gold Services

Now that you are learning more about Advantage Gold, it is time to delve into its services. Below, we will discuss how Advantage Gold helps its customers invest in a precious metals IRA.

When you first start investing in a precious metals IRA, you will need to research carefully and learn as much as possible. Investing in a gold IRA is not as simple as it may seem. Education is critical.

Advantage Gold offers many educational opportunities to help people understand how investing in a precious metal or a gold IRA works. Their substantial educational resources section proves very helpful to new and experienced investors alike. Here, you will learn about tax advantages and how to avoid penalties when investing in precious metals.

The Advantage Gold representatives also have extensive knowledge on the subject of precious metals IRAs. If you read any Advantage Gold review, you will discover many people have been happy with the entire process, including the educational opportunities available for gold-backed IRA.

Advantage Gold offers two custodian options, as we talked about above. Because they are partnered with these companies, the entire process of opening a precious metal IRA is easy.

They will help you determine which custodian is right for your needs. Advantage Gold's custodians are equipped to help manage your gold IRA retirement accounts as you seek to diversify your investment portfolio. Working closely with these companies helps Advantage Gold to extend IRA services to their customers.

Like many of the mint-listed dealer options available, Advantage Gold offers a favorable buyback program. When you retire, you may withdraw your precious metals from the de-vault location.

You can sell the gold to anyone you like, but Advantage Gold does make it very easy to sell. Account representatives will offer a fair market value. Once your gold coins and silver coins have been inspected, the company will send a payment for your coins.

The Advantage Gold management team is committed to providing a range of gold, silver, and other various precious metals.

On the website, you can scroll through the gold, silver, platinum, and palladium coins available for sale, including the American Eagle and other coins for your gold IRAs. These Advantage Gold products are just a few of the offerings for your gold IRA.

This mint-listed company will help you purchase gold, silver, and other coins approved by the American Numismatic Association. You can buy gold with confidence from Advantage Gold's wide selection.

We were not happy with the fact that there were no prices listed on the website. If you read any Advantage Gold reviews, you will find many investors are unhappy when they have to call for pricing.

It is important to note that you can buy gold and silver outside of precious metals IRAs. If you purchase palladium coins and other precious metals, they will ship them right to your door within two to three business days.

Although you can store your personal investment at home, you have to choose a depository for your retirement account. Advantage Gold does not recommend its customers store personal products at home due to the risks.

The entire process of purchasing gold from Advantage Gold's selection is seamless. You will have to call account representatives to help you make your purchase. They are also available to offer pricing for potential clients.



What Will You Find on the Website?

The Advantage Gold website is well-designed and easy to navigate. Here, you will find a substantial educational resources section that guides you in rolling over your self-directed IRA and starting to invest in precious metals.

You will also find contact information, such as the company's address, at Suite 1450 Los Angeles. Contact the senior brokers to get help with any questions you may have.

Advantage Gold Products for Precious Metals IRAs

Advantage Gold Products for Precious Metals IRAs (h2)

When investing in precious metals for your gold IRA, you need to be aware of the IRS rules that stipulate the types of coins you can purchase. The following are some of the gold and silver products Advantage Gold offers their gold IRA account customers:

  • Royal Canadian Mint Coins
  • Gold and Silver American Eagle coins
  • American Buffalo Coins
  • Gold Canadian Wolverine Coins
  • Gold Austrian Philharmonic Coins
  • Gold Canadian Polar Bear and Cub Coins
  • Gold Canadian Wild Horse Coins
  • Gold Canadian Great-Horned Owl Coins

Whether you want to purchase American Eagle coins or American Buffalo coins, this mint-listed dealer is qualified to help you feel confident when buying. Their top-notch sales team is well-educated on the IRS rules and which gold and silver bars and coins are qualified for a self-directed IRA.

Their gold products are offered at a fair spot price. You will find many coins highly prized by the American Numismatic Association. Advantage Gold's precious metal selection is vast.

Free Investment Guide

Advantage Gold also offers a free investment guide with no strings attached. You can claim your free report called the IRS Loophole Report.

This investment guide allows you to see benefits from the IRS rules by taking the proper steps to invest in gold IRAs. You will also learn about the Time Gold Investor Program.

Advantage Gold's insider report is easy to follow. You will also be given the Gold Contact information address in the report. You can order your report from 1450 Los Angeles, CA 90025 today. If you have further questions, the senior brokers are available to help.

Advantage Gold Educational Resources

We have briefly talked about the educational resources available on the website. Still, we wanted to give you more information so you will be prepared to visit the Advantage Gold website to get started.

The following are some of the educational resource topics available regarding precious metals. Advantage Gold continues to update its database with the latest news and information.

  • IRS rules and regulations for investing in precious metals
  • How to fund your Gold IRA
  • How to withdraw your precious metals from your IRA
  • Charts that reflect gold and national debt, market volatility, and much more
  • Retirement tools
  • Fees for 401K
  • Interview with Jim Rickards on the subject of investing in precious metals

What Makes Advantage Gold Stand Out From Its Competitors?

A few things make Advantage Gold stand out from the rest. One of the top reasons is that Advantage Gold has won the Trustlink award as the #1 gold IRA company for the last three years. The co-founders and vice president are quite proud of this distinction.

The co-founders of Advantage Gold also offer bonuses for new customers that companies do not always provide. The following are the bonuses offered by the co-founder:

1. If you bring at least $50,000 from your existing IRA, Advantage Gold will waive your fees for the first year.

2. The company will ship your items for free to your door if you buy at least $25,000 in precious metals. This only applies if you are purchasing metals to take physical possession and not through an IRA.

Who Is Advantage Gold Best For?

Advantage Gold is a company that is best for beginners new to investing in gold and other assets. Their top-notch educational opportunities are ideal for new investors. They invite potential clients to download their free investor report that details the facts about investing in American Eagle coins and other types.

If you have been considering diversifying your investment portfolio with other assets, like precious metals, Advantage Gold can help.

Do not think this company is only for new investors. They can also help experienced investors purchase silver and many other types of precious metals.

Types of IRA Accounts

If you are new to investing in IRAs, you must learn about the available types. If you have a gold IRA, you can invest in the following:

  • Exchange-traded funds
  • Gold mining stock
  • Precious metals funds
  • Precious metals commodities
 

Types of Gold IRAs

  • Traditional IRA – These retirement accounts are funded on a tax-deferred basis. You will only pay taxes on distributions.
  • Roth Gold IRAs – With this type of account, you pay taxes with each contribution. When you withdraw, you will not owe any taxes. Working closely with a tax expert is wise.
  • SEP Gold IRA – These are available to self-employed individuals and business owners. You can contribute to your own or employee's accounts.

If you would like help from a senior account executive, you can reach Advantage Gold at 12100 Wilshire Blvd. The co-founder has made it clear help is available from this company that received five stars from its customers.

How to Fund Your IRA Accounts

Once you have an account, you will need to fund your IRA. The following are some ways you can fund your precious metals IRAs:

  • You can roll over your funds from an existing account. You should contact your administrator to get started.
  • You can also withdraw your funds and deposit them into your new account. Be aware that you must deposit within 60 days or face IRS penalties.
  • You can also wire the money from your bank. Be aware there will be fees charged by your bank.


Differences Between Premium and Standard Coins for Your Precious Metals IRA

When you are new to investing in IRAs, you may wonder about the differences between premium and standard coins. Understanding the difference is critical before you get started.

Premium Coins

Premium coins are IRS-approved because they contain the proper purity level of precious metals. Although the Internal Revenue Service approves these coins, they are in limited quantities and often have a high markup. This may not be the best investment choice when pursuing a gold dealer with five stars.

Standard Coins & Gold and Silver Bars

Standard coins are your best option, including coins like the Gold American Eagle and the Austrian Philharmonic. The purity level of these coins is perfect for an IRA, and they are an ideal investment for anyone looking to diversify their investment portfolios.

FAQ About Advantage Gold

You must remember to research when deciding on a gold IRA company. Your research will give you the knowledge necessary for making the right decisions for your investment accounts.

While we have given you a lot of information about Advantage Gold and all it offers, you may have further questions. The following are some of the top questions new investors have about Advantage Gold and the entire process.

Advantage Gold is, without a doubt, a legitimate company. You can see by their BBB rating and Trustlink award that they are a trusted company. Although they have only been around since 2014, they have developed a solid reputation in the community.

Adam Baratta is the owner and co-founder of Advantage Gold. Interestingly enough, Adam Baratta was also an award-winning producer, screenwriter, and director. Now, he is highly passionate about gold investing.

Advantage Gold opened its doors in 2014. The company has been in business for around nine years. Although there are companies that have been open much longer, Advantage Gold is making strides to stand out from the rest.

You have a lot of options when it comes to investing in an IRA. You can choose between a traditional IRA, Roth, or SEP. In addition to choosing a type of IRA, you will also need to choose a company to help you along the way. We hope the information we have provided will guide you in your decision.


Our Final Verdict

We have researched many companies in the gold industry. We want you to know every detail of each company, no matter how good its rating may seem.

In our final assessment of Advantage Gold, we certainly feel they are a good company – but are they the best? In our opinion, there are better gold companies out there. We advise you to research carefully to find the right gold company for your investment needs.