Advantage Gold Review 2024 - Everything You Need to Know

Planning for retirement is crucial, and Individual Retirement Accounts (IRAs) offer valuable tax advantages to help you accumulate savings.? However, with various investment options available within IRAs, choosing the right path can be challenging.

Below, we will look into Advantage Gold, a company specializing in facilitating Gold IRA investments.? Through a comprehensive evaluation, we aim to help you decide if Advantage Gold aligns with your retirement goals and investment preferences.

We looked at more than 30 factors to make a complete review of Advantage Gold for 2024, highlighting Reviews, Complaints, Pros and Cons, Fees and everything you should know. Is it Legit or a Scam? Here is what we found:

P.S. See my #1 Recommended Gold & Silver IRA Solution here

Advantage Gold Review 2024

If you don’t want to go into all the details (although we insist, as this will provide you loads of information), here is a brief Breakdown

?Company Name: ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? Advantage Gold

Company Website: ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?https://www.advantagegold.com

Founded in:? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? 2014

Headquarters:? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?Los Angeles, CA

BBB Ratings:? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?AAA

Our overall Gold Retired Select Rating: 4.6/5

Our Recommendation:? ? ? ? ? ? ? ? ? ? ? ? ? YES

Advantage Gold's been around for over 10 years, so they're not exactly newbies in the world of gold IRAs. They've also got a good track record with the Better Business Bureau and positive reviews from customers, suggesting most customers are happy with their service. Plus, they focus on helping you invest in gold and silver specifically through IRAs, which can be a smart way to save for retirement because of the tax benefits.

Is Advantage Gold Legit?

The Short Answer is YES!

Advantage Gold offers a legitimate path to investing in physical precious metals through a Gold IRA.

They've established a positive reputation within the industry, reflected by strong ratings on platforms like TrustLink and TrustPilot.

Additionally, their status as a U.S. Mint-listed dealer reinforces their legitimacy.

Advantage Gold Pros and Cons

We Know that legitimacy alone doesn't guarantee suitability for your specific situation.

So, Here's a breakdown to help you decide:

Pros of Advantage Gold:

• Flexibility to open an account online without lengthy phone calls.
• Their status as a U.S. Mint-listed dealer ensures you're working with a reputable source for your precious metals.
• Many positive online reviews suggest Advantage Gold prioritizes customer satisfaction.
• They offer educational resources to help you make informed decisions about precious metals investing.
• Platinum and Palladium are available in addition to traditional gold and silver.
• The availability of a buyback program provides an avenue to? sell your precious metals back to Advantage Gold at market rates.

Cons of Advantage Gold

• ?While you can open an account online, you cannot directly purchase precious metals outside of an IRA through Advantage Gold's website. This might limit flexibility for some investors.
• The website might not provide readily available pricing information for precious metals.
• You may need to factor in Potential shipping and insurance costs associated with the delivery of your precious metals to your home storage in your cost.
• They appear to primarily focus on facilitating investments through Gold IRAs. Investors seeking to purchase precious metals outside of an IRA might need to look elsewhere.

**Discover my #1 Recommended Gold & Silver company (100% transparent)

Advantage Gold ratings and reviews

Better Business Bureau:

Advantage Gold maintains a strong reputation with the Better Business Bureau, holding an A+ rating (indicating a history of resolving customer complaints effectively) and garnering a positive customer review score of 4.84 out of 5 stars based on 83 reviews (as of April 26, 2024).

Other ratings

We not only looked at BBB Ratings for the Company but explored other rating platforms & Customer review sites?

And You don’t need to believe our word for it,

Each Rating below has been linked to the original website, so that you can see for yourself.

Here is a quick breakdown!

Business Consumer Alliance: ?Rating: AAA (where AAA is the maximum. Rating Explanation here) for Advantage Gold

Consumer Affairs: 5/5 Rating out of 445 Reviews for Advantage Gold?

Trust Pilot: ? 4.9/5 Rating out of 1628 Reviews for Advantage Gold??

TrustLink: 5/5 Rating out of 490 Reviews for Advantage Gold

Advantage Gold website

Advantage Gold website is: https://www.advantagegold.com/

Number of website visits per month: 152K (Source: SimilarWeb)

Get their free gold kit here

What is the Fees for Advantage Gold?

Although Advantage Gold provides a lot of information on the educational aspects, The Specific reference to how much a Gold IRA will cost is not mentioned.

However, based on the experience, and the recommended custodians of IRA, STRATA Trust, and Equity Institutional, we can assume the following fees that you may incur when you are converting your IRA to a Gold IRA

1) One-time account creation fees- $50-$150

2) Annual Administrative or Custodial fees- $50-$150

This may cover all management and administrative tasks related to your account, like maintain your records or processing your statements

3) Purchasing Cost- Flat Fee or a percentage of purchase price

This may be charged by some custodians whenever you buy or sell within your IRA.

4) Storage Cost- $175-$225 Yearly

As IRS requires that? All Gold must be stored at a safe approved depository.

Such depositories charge yearly fees.

5) Miscellaneous Cost- $25 wire transfer costs

These will only arise if you need your custodian to wire your funds to you or in circumstances when you need to wire a bullion or a coin to a depository.

6) Insurance- As per your depository

You can check with your agent; you can get it lumped in with your storage fees.?

Markup on Coins for Your IRA

If you are purchasing Coins for your IRA, Advantage Gold may charge you a markup of 2% to 7%

What is the Minimum Investment required for a gold IRA with Advantage Gold?

While no specific information is available on the website of Advantage Gold regarding minimum investment,

Our research shows that when investing in precious Metals with Advantage Gold, a minimum purchase of $10,000+ is required for new accounts.

For IRA rollovers, they recommend a minimum of $25,000+ to secure retirement funds effectively.

In any case, Its always best to discuss & Confirm this directly with the company.

Who owns Advantage Gold?

This is also another question that we get too often.

The answer is ,

Kirill Zagalsky!

A 2014 co-founder of Advantage Gold along with Adam Baratta & Larry Levin, Kirill drove the company to surpass $1 billion in sales within eight years. Credited by Forbes and Inc. 5000, he remains active in the industry, sharing his knowledge through educational podcasts and webinars.

Employees of Advantage Gold

The number of employees gives us an idea about how large the company is, differentiating small companies from well-established companies.

Number of employees at Advantage Gold

After checking on LinkedIn, We found Advantage Gold to have 37 Associated Members.? According to PitchBook, a platform that tracks company financials, Advantage Gold has approximately 36 employees.

This size suggests it's a smaller, more specialized company compared to some other gold IRA providers.

And this can be an advantage!

Smaller companies often have a more close-knit team, allowing for more personalized attention and customer service. You might be able to build a relationship with a dedicated representative who understands your specific needs.

With fewer layers of management, Advantage Gold is more agile and makes decisions quicker. This could be beneficial if you need prompt answers or have questions about your IRA.

What do these employees say?

Most of the time the employees know the best pros and cons of the company since they experienced and seen the ins and outs of the company.

Therefore, we went to Glassdoor to see the employees' reviews.

Here is what we found:? ?

Advantage Gold has a 3.9 rating from their former and current employees based on 10 number of reviews.

59% of them affirmed that they would recommend Advantage Gold to a friend.

Are there any Complaints against Advantage Gold?

As we discussed before, Advantage Gold maintains a high rating with the Better Business Bureau (BBB) .

This indicates a history of resolving customer complaints effectively & led to

ZERO Complaints in last 12 months on BBB!

So, as we did for reviews above, we looked at different platforms for complaints as well.

Here is a quick breakdown;?

Organization Rating Number of Reviews ComplaintsBetter

Business Bureau (BBB) 4.84/A+ 81 ZERO complaints in last 12 months

Business Consumer Alliance 5/AAA 2 ZERO complaints

Trustpilot 4.9/5 1627 5 reviews with 1 star

Consumer Affairs 5/5 445 ZERO reviews with 1 star

Advantage Gold compared?

Both Advantage Gold and Augusta Precious Metals are popular options, but how do they stack up?

? Augusta Precious Metals Advantage Gold

BBB Ratings 4.97 4.84

BBB reviews 107 81

Trust Pilot Ratings 4.7 4.9

Trust Pilot Reviews 30 1627

Consumer Affairs 5 4.9

Consumer Affairs 139 445

Glass Door Ratings 4.2 3.9

Glass Door Reviews 58 10

Minimum Investment $50.000 $25.000 for IRA

The Takeaway:

• Advantage Gold: Might be a good choice if you're starting with a smaller investment or have an existing IRA to roll over with a lower minimum. Their customer reviews are generally positive, though with less volume compared to Augusta.
• Augusta Precious Metals: A strong contender with a solid reputation across various platforms, but with a higher initial investment requirement. Their service might suit the high net worth individual better due to their higher minimum.

How to invest with Advantage Gold

(Start by claiming their FREE kit to understand every detail)

So,?

all this talk about Advantage Gold might have you wondering, 'How do I actually invest with them?' No worries, we've got you covered!

Investing in a gold IRA with Advantage Gold is pretty straightforward. Here's a quick rundown of the steps involved:"

Step 1: Research and Choose a Gold IRA Company:

Now, this step MUST be performed irrespective of the company you choose. See, Advantage Gold is one option, but thoroughly research them and compare them to other providers before deciding.

Step 2: Open an IRA Account:

You'll need to choose between a traditional IRA (tax-deferred growth) or a Roth IRA (tax-free growth on qualified distributions). Advantage Gold will guide you through this process.

Step 3: Fund Your IRA:

You can typically transfer funds from an existing IRA or contribute cash. You may have to consider Advantage Gold minimum investment requirements at this stage.

Step 4: Select Your Metals:

Advantage Gold not only specializes in gold and silver but also offers Platinum and Palladium for your precious metals IRA. You need to confirm the specific types and qualities available?

Step 5: Choose a Custodian:

The custodian is a third-party institution that stores your gold. Advantage Gold may help you set up a self-directed IRA with a reputed custodian like STRATA Trust company.

Free Info Kit: Request a free information kit from Advantage Gold to learn more about their process.

A Word of Advice from Gold Retired

Irrespective of whatever company you choose, throughout this process, be mindful of the following:

• Ask for a detailed breakdown of all fees associated with setting up, maintaining, and managing your IRA. These can include account setup fees, annual fees, storage fees, and transaction fees.
• Some gold IRA companies might be pushy during consultations. Do your research and feel comfortable asking questions before making any decisions.
• Consider other retirement investment options beyond gold IRAs to see if they better align with your goals.

Frequently Asked Questions

Is Advantage Gold a legitimate company?

Yes, Advantage Gold is a legitimate company established in 2014 that specializes in helping investors add physical gold and silver to their IRAs. They have an A+ rating from the Better Business Bureau and positive customer reviews on various platforms.

How do I get started with Advantage Gold?

You can visit their website or request a free information kit to learn more about their process. Remember to conduct your own research and due diligence before investing.

Does Advantage Gold offer other precious metals besides gold and silver?

Information about available precious metals isn't readily available on their website. It's best to contact Advantage Gold directly to confirm the specific types they offer.

Where is my gold stored with Advantage Gold?

The custodian you choose will store your gold. Advantage Gold might have preferred custodians, but ensure they are reputable and insured.

Can I sell my gold back to Advantage Gold?

Yes, Their Buyback program allows you to sell your assets back to advantage Gold at market rates..

How long has Advantage Gold been in business?

Adam Baratta, Larry Levin, and Kirill Zagalsky established Advantage Gold in 2014