What is Genesis Gold Group?Genesis Gold Group Locations, Timings, Email, Phone, Services
Genesis Gold Group is a company that sells gold, silver, platinum, and palladium coins. They also provide gold and silver bars for sale. The company offers IRA services to investors who want to invest in a self-directed IRA to hold precious metals.
To secure and manage your money, the firm claims to collaborate with industry-leading custodians and depositories.
The first thing people will notice when they visit the Genesis Gold Group website is the company’s faith-based approach to precious metals investments. The company’s belief that gold and silver investing is Biblically rooted appears prominently on its website.
Genesis Gold Group claims that it educates new investors on various investing alternatives. Articles on the website’s blog compare alternative investments such as Bitcoin to precious metals.
These articles could help customers understand different asset types before starting a Gold IRA.
The company also claims to have more than 50 years of combined experience in the precious metals industry and offers gold and silver experts to walk you through protecting and growing your assets with a Genesis Gold IRA.
Address: 9478 W Olympic Blvd #301, Beverly Hills, CA 90212, United States
Phone: +1 800-200-4653
People Behind Genesis Gold Group: CEO, Owner, Co-Founders & MoreWho owns Genesis Gold Group? What is the management team behind Genesis Gold Group?
On its website, the company provides no information about its owner, CEO, or any other team members. However, after digging deeper, I discovered the following information via BBB or other sources:
Jonathan Rose: Chief Executive Officer
Jonathan Rose is the co-founder and CEO of Genesis Gold Group. Rose claims to have over 20 years of experience in the precious metals investment market. He founded Genesis Gold in 2022, leveraging his industry skills.
Jacob Diaz: Chief Financial Officer
Jacob Diaz is the co-founder and CFO of Genesis Gold Group. He has several years of expertise as a senior broker in a precious metals firm. Further, he attended Loyola Marymount University in Los Angeles and I also found his Instagram handle but it’s a private account.
Brad Garrett: Chief Operating Officer
Brad Garrett is the co-founder and COO. Garrett was a senior account executive at another precious metals firm before co-founding the company with Rose and Diaz. Garrett holds a bachelor’s degree in business from Western Oregon University.
David Holland: Director of Philanthropy
David Holland is in charge of the company’s charitable giving programme. Every month, the company claims to give a portion of its income to charity. Customers can recommend charities for future donations.
Genesis Gold Group Products: Bullion Coins, Bars, And Rare CoinsAll products offered by Genesis Gold Group
The company’s website lists a variety of different products for investors. Gold coins and bars, silver coins and bars, platinum coins, and palladium coins are all available.
Here’s a closer look at what Genesis Gold Group has to offer:
Gold Coins and Bars
American Buffalo Gold, American Eagle Gold, Austrian Philharmonic Gold, British Britannia Gold Coins, Canadian Maple Leaf, and other options are available.
Silver Coins and Bars
If you’re looking for silver coins, the company also offer the American Eagle Silver Coins, Australian Kookaburra, Austrian Vienna Philharmonic Silver Coins, British Britannia Silver Coins, British Queens Beasts Silver Coins, and Canadian Maple Leaf Silver Coins.
Platinum products include American Eagle Platinum Coins, Australian Koala Platinum Coins, British Queens Beast Platinum Coins, Canadian Maple Leaf Platinum Coins, and Isle of Man Noble Platinum Coins.
Genesis Gold provides palladium coins such as the American Eagle Palladium Coins and the Canadian Maple Leafe Palladium Coins.
Overall, Genesis Gold Group offers an array of gold that is IRA-eligible.
Beware of Gold IRA scams. Recently several scams have been charged by the authorities. Companies such as Regal Assets, Safeguard Metals and Red Rock Secured defrauded hundreds of retirees like you and me. I strongly suggest you learn how to identify gold IRA scams. You can request a free guide using the button below:
Can You Invest in Genesis Gold Group IRA?Do They Offer A Precious Metals IRA?
To invest in a precious metals IRA through Genesis Gold Group, here are the general steps:
Open a Self-Directed IRA
Select an IRA company that handles opening precious metals IRA accounts and fill out an application. You can work with Genesis Gold Group to recommend an IRA company and provide the necessary paperwork. However, I don’t recommend doing so.
Fund Your IRA
Once you have selected an IRA company, you can move your funds into your new IRA account. You can work with the IRA company representative to transfer or rollover funds into the new account.
Select a Precious Metals Dealer
One of the forms you need to fill out along the way is typically called a Buy Direction Letter. This is where you list the precious metals dealer you have selected, such as Genesis Gold Group.
Decide Which Precious Metals to Purchase
You can choose to invest in gold, silver, platinum, or palladium for your IRA. There are some restrictions regarding fineness requirements and allowable coin types, so it’s important to get guidance from Genesis Gold Group in this area.
Place Your Order
Once the funds are available in your IRA account, you can call them to place your order for the desired precious metals.
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 in 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.
Genesis Gold Group Fees and Charges: Do they overcharge?What are their fees? Do they have hidden fees?
The Genesis Gold Group website does not include information about its fees and charges. This could be one of the company’s drawbacks. Potential clients may be concerned about the lack of fee transparency. It is especially a problem for those who appreciate clarity and wish to make informed judgements.
Understanding the costs involved with an investment or working with an IRA service provider is critical. Having precise information about fees allows investors to analyse the potential influence on their returns. Also, it helps them in evaluating the whole value proposition provided by the organisation.
In a business where trust, openness, and accountability are essential, the lack of fee information on the website may cause some investors to be concerned.
All gold IRA companies are NOT the same. We’ve done the hardwork for you and found the most transparent gold IRA company with the highest rating by customers.
Genesis Gold Group Reviews and Complaints: BBB, Yelp, GoogleRead all the Genesis Gold Group reviews & complaints on Genesis Gold Group
Better Business Bureau (BBB)
On the Better Business Bureau website, which provides the public with information on businesses and charities, Based on 30 customer reviews, Genesis Gold Group received A- and 5/5 star ratings.
According to the BBB, the company has only been in business for one year, which may be a short time to be an established and experienced company in the precious metals industry. In addition, the company is BBB accredited, and there have been no customer complaints.
It is important to note that the company received only positive ratings from customers on BBB.
Here’s a quick rundown of what customers had to say about working with this company:
According to one customer, everyone they met at Genesis Gold Group was polite and professional. Any inquiries they had were quickly addressed. As a result, the customer felt secure in their decision to work with them.
Another customer stated that the company was an excellent choice for their needs. For the first time, the company was incredibly influential in assisting people in making selections about precious metals.
In their review, the customer also mentioned that the representative they worked with was simple to talk to.
Another customer stated that this company was quite helpful in converting their 401(k) from equities and bonds to silver coins on deposit. They appreciated the team’s patience in explaining each step and answering countless questions along the road.
The company has no rating and no customer reviews on Trustpilot, which is considered one of the most reliable business-consumer rating platforms.
However, after researching Genesis Gold Group reviews on Trustpilot, I discovered that the company makes false claims about having a combined 50+ years of experience in the precious metals industry, despite the fact that BBB has revealed that they have only been in the industry for one year. Making false claims to customers could be one of this company’s major flaws.
Again, the company has not received enough customer reviews on Google, but the good news is that they have received 5/5 stars based on a total of 2 reviews from customers.
Lastly, the company has received no ratings or customer reviews on the Yelp platform or any other rating sites. The reason for the low number of customer reviews or responses could be due to the lack of experience in this field. Because they are new to this industry, it is likely that they have not received a sufficient number of feedback from clients.
Is Genesis Gold Group Legit? Should You Invest With Them?Is Genesis Gold Group a scam or legit? Are they worth it?
No, I don’t recommend investing with them.
Offer a wide range of products
Lack of transparency
Limited online presence
Not too many customer reviews
Making suspicious claims
I think you have many better options than the Genesis Gold Group.
Genesis Gold Group is a reputable company that provides a diverse selection of precious metals products and IRA services.
However, this company has a number of major issues, such as not being transparent about their business years, not disclosing fees and charges, no customer reviews on Trustpilot or Yelp, and not offering sufficient information about their team members, including the CEO and founder.
All of this suggests that you should look into other companies instead.