Allegiance Gold Reviews – A Gold IRA Scam? (2023)

Allegiance Gold Reviews
Allegiance Gold
Allegiance Gold is a gold IRA company with an impressive product selection. They have a BBB accreditation as well. However, the company doesn't disclose crucial information and has higher markups than the industry standard.
Fees & Charges
Honesty & Transparency
Customer Service
Received many positive reviews online
Focus on client education
Lack of transparency
Higher markups and rates than others
Risk of hidden fees and charges
Limited information about the available storage options
Expert Score

What is Allegiance Gold? 

Allegiance Gold is a reputable precious metals dealer that specializes in providing clients with a range of investment options in physical gold, silver, platinum, and palladium products. The company was founded in 2013 and is headquartered in West Hills, California

It provides clients with an extensive inventory of IRA-eligible gold, silver, platinum, and palladium products, as well as a small assortment of silver and gold numismatic coins. Additionally, the company offers client assistance in opening self-directed IRAs through partnerships with well-known custodians.

One of Allegiance Gold’s main focuses is educating clients on all aspects of precious metals investment. The company has a free investment kit, an informative video library, and a “Learning Center” on its website to provide educational resources to clients. Overall, Allegiance Gold has a strong reputation for providing high-quality precious metals products and services, as well as educational resources to help clients make informed investment decisions.

People Behind Allegiance Gold:

The leadership team at Allegiance Gold includes experienced professionals with a deep understanding of the precious metals industry. Their team includes:

Mark Naaman – Co-founder and CEO: Mark Naaman has over 20 years of experience in the investment and financial services industry, and he is an Intuit ProAdvisor and tax-licensed professional. He serves as the President and CEO of MBA Financial & Accounting Solutions, one of the top ten accounting firms in greater Los Angeles. Naaman’s passion for collecting historical coins and his extensive experience in tax strategy inspired him to co-found Allegiance Gold.

Alex Ebkarian – Co-founder and COO: Alex Ebkarian has over 15 years of experience in the investment and financial services industry, with a focus on risk and investment management. He started his career at Smith Barney, assisting financial planners in advising high-net-worth individuals. Ebkarian is also an avid coin collector and has been building upon his inherited grandfather’s collection.

How to Invest in Allegiance Gold IRA?

To invest in an Allegiance Gold IRA, follow these steps:

  1. Open a self-directed IRA account: You will need to choose a custodian to hold your IRA account. Allegiance Gold has partnerships with several well-known IRA custodians and can assist you in setting up your account.
  1. Fund your account: You will need to fund your account with cash, a rollover from an existing IRA or 401(k), or a transfer from another retirement account.
  1. Choose your metals: Allegiance Gold offers a variety of gold, silver, platinum, and palladium products that are eligible for IRA investment. You can choose the products that best fit your investment goals and risk tolerance.
  1. Purchase your metals: Once you have chosen your metals, you can purchase them through Allegiance Gold. The metals will be stored in a secure depository, and you will receive regular statements on the status of your investment.
  1. Monitor and adjust: As with any investment, it is important to monitor the performance of your IRA and make adjustments as needed to meet your investment goals.

However, I don’t recommend opening an IRA with them. Why? Because there are plenty of better options available for you.

Opening a precious metals IRA is a major decision. That’s why I suggest checking out our top gold IRA providers list. There, you can find the best precious metals dealer of your state and choose accordingly.

Also, the list will help you understand what the industry’s best has to offer and what you might miss out on.

allegiance gold ira

Allegiance Gold Products:

Allegiance Gold offers a wide range of gold, silver, platinum, and palladium products for investment, including:

  1. Gold coins: Allegiance Gold offers a selection of popular gold coins, including American Gold Eagles, Canadian Gold Maple Leafs, South African Gold Krugerrands, and more.
  1. Silver coins: The company offers a variety of silver coins, including American Silver Eagles, Canadian Silver Maple Leafs, Austrian Silver Philharmonics, and more.
  1. Platinum coins: Allegiance Gold offers popular platinum coins such as American Platinum Eagles and Canadian Platinum Maple Leafs.
  1. Palladium coins: The company offers palladium coins such as Canadian Palladium Maple Leafs.
  1. Precious metal bars: Allegiance Gold offers a variety of precious metal bars from reputable refiners such as PAMP Suisse, Credit Suisse, and Johnson Matthey.
  1. IRA-eligible products: All of the above products are IRA-eligible, and the company offers assistance in setting up a Precious Metals IRA through its partnerships with IRA custodians.
  1. Numismatic coins: In addition to investment-grade coins and bars, Allegiance Gold also offers a small selection of rare and collectible numismatic coins for those interested in coin collecting.

Note that the availability of specific products may vary depending on current market conditions and inventory levels.

Allegiance Gold Fees and Charges:

Unfortunately, the company doesn’t disclose its fee-related information on its website. This can be quite disappointing for most investors because it increases the risk of “hidden fees”.

That’s why I recommend doing business with reputed gold dealers only. You can find out my top recommendations here.

Certainly, Allegiance Gold charges fees for the purchase and sale of precious metals. The fees depend on the specific products being bought or sold, as well as the amount of the transaction.

Some of the fees that may apply include:

  1. Spread: This is the difference between the buying and selling price of a particular precious metal. It varies depending on the product and the market conditions.
  1. Storage fees: Allegiance Gold offers storage for precious metals held in an IRA, and charges a fee for this service. The fee depends on the amount and type of metal being stored.
  1. Shipping fees: If you choose to have your metals delivered to you, Allegiance Gold will charge a shipping fee based on the weight and value of the shipment.
  1. IRA fees: If you choose to invest in precious metals through an IRA, there may be fees charged by the custodian that Allegiance Gold partners with.

It’s important to carefully review and understand the fees and charges associated with any precious metals investment before making a decision.

Allegiance Gold Reviews and Complaints:

  1. Better Business Bureau (BBB): On the Better Business Bureau website, Allegiance Gold has an A+ rating and a 5 out of 5-star rating based on customer reviews. There are only 6 customer reviews on the website, and most of them are positive, with customers praising the company’s excellent customer service, professionalism, and expertise.
  1. TrustLink: On TrustLink, Allegiance Gold has a 5 out of 5-star rating based on 44 customer reviews. Most of the reviews are positive, with customers praising the company’s customer service, expertise, and quick shipping.
allegiance gold review
  1. Yelp: On Yelp, Allegiance Gold has again 5 out of 5-star ratings based on only 1 customer review. The review is positive. The customer is praising the company’s knowledgeable and friendly staff, quick shipping, and competitive prices.
allegiance gold yelp
  1. Business Consumer Alliance (BCA): On BCA, Allegiance Gold has again 5 out of 5-star ratings based on only 3 customer reviews. The review is positive. There also customer praised the services of the company.


#1. Kevin R. had two great experiences working with Allegiance Gold. The company provided excellent and quick service. He appreciated the time they spent with him to understand the process and find the best prices for the products he chose.

Unlike other firms, this company did not pressure him into any products and respected his wishes immediately. When Kevin inquired about premium products, they provided a list for him to choose from. He ended up getting a mix of products that he believed were balanced and diversified enough for his investment goals.

#2. David T. praises Allegiance Gold, saying that he has nothing but good things to say about them. He had discussions with other gold firms but found that this company was superior in terms of quality of information, expertise, and professionalism. David felt that all four individuals he worked with were excellent in these regards. He diversified his IRA and was able to roll over a portion of his 401k into physical gold and silver.

#3. Roxanna S. recommends this company to anyone who wants to invest in gold or silver.

#4.  According to Lourice B., when it comes to buying gold, it is important to choose a trustworthy place. Allegiance Gold is the only company that she trusts after having a negative experience in the past. Lourice was fortunate to meet Alex. Who provided her with exceptional customer service and made her feel confident in her investment. She purchased a significant amount of gold bars and is satisfied with the quality and the investment.

#5. Mary H highly commends the professionalism, knowledge, and availability of Allegiance Gold’s staff. She notes that they are always willing to answer any questions and are great to work with.

allegiance gold reviews

#6. John G shares that he has had a positive experience with Allegiance Gold. He appreciates that he can always speak to Jim Bryan or Anthony about his needs and feels that they are good, honest people.

allegiance gold reviews

Additional Reviews You Must Read

#7. Emmanuel O had a fantastic experience with the Allegiance Gold team. He found them to be very knowledgeable and helpful. Emmanuel purchased gold and silver from them. The team guided him through the process to ensure that he made the best investment. He highly recommends Allegiance Gold to anyone looking for a reliable and trustworthy company.

allegiance gold reviews

#8. Elizabeth J shares that in light of recent market events, she decided to invest in gold and silver. However, after speaking with several dealers, she remained skeptical until she contacted Allegiance Gold. Upon reviewing their information, she scheduled a discussion and was impressed with the knowledge and genuineness of Zack and Alex. Elizabeth appreciated the education on the process and coins, which gave her confidence in her investment decision. She rarely writes reviews but wanted to share her wonderful experience and commend Allegiance Gold.

allegiance gold reviews

#9. Joseph M highly recommends this company, describing them as the best organization in the industry. From his initial conversation with the representative to order, fast shipping, discreet delivery of products, and the follow-up from the team, he was treated with 5-star service by the entire staff. He praises the amazing people in the organization and their understanding of their clients’ needs. Anyone looking for a company that values its clients should consider Allegiance Gold, according to Joseph M.

#10. According to Greg H, his experience with Allegiance Gold was excellent. He was impressed with their fast shipping, and the quality of the coins he received was top-notch. He also noted that their customer service was exceptional, and they went above and beyond to exceed his expectations. Greg was so impressed that he recommended Allegiance Gold to his family as well.

Is Allegiance Gold Legit? Should You Invest With Them?

While Allegiance Gold appears to be a legitimate company, I don’t recommend investing with them.

That’s simply because they are not the best option you can go for.

Certainly, the company has been in business since 2013 and has established a reputation for providing customers with high-quality precious metals investment products and services. The company is also a member of various industry associations, including the Industry Council for Tangible Assets (ICTA) and the American Numismatic Association (ANA).

However, the company has too many red flags.

They don’t disclose important information about their fees and charges. This increases your risk of facing hidden charges and other deceptive practices. Surely, their lack of transparency doesn’t instill confidence in me.


  • Received many positive reviews online
  • Focus on client education


  • Lack of transparency
  • Higher markups and rates than others
  • Risk of hidden fees and charges
  • Limited information about the available storage options

When choosing a precious metals dealer, you should always go with a reputed and reliable provider. To learn about the most reputed gold IRA companies, I recommend checking out my list of top gold IRA providers.

There, you can also find the best precious metals company in your state.

Have you dealt with Allegiance Gold? Let us know your experience in the comments!