Global Gold Investments is a precious metals dealer with a very limited product selection and poor online presence. Although they have been in the industry for a long time, they have too many red flags for modern investors.
Global Gold Investments is a company founded in 2006 and headquartered in Beverly Hills, California, with a corporate office in Las Vegas. The company operates as a precious metals broker and a Gold IRA company. Global Gold Investments offers a range of gold and silver coins that are eligible for inclusion in IRAs and collectables. They aim to cater to both retirement savers and investors.
The company appears to prioritize customer education in precious metals investing. They provide an extensive “Media Center” on their website with educational videos and a market news section with regular updates. Additionally, they offer a free “Investment Metals Guide” to the public.
Global Gold Investments primarily focuses on providing investment-grade silver and gold bullion.
They have partnered with Equity Trust Company, a renowned IRA custodian, to help clients set up Gold IRAs. Delaware Depository provides vault storage services.
While the company’s website emphasizes education and offers a free investment guide, it lacks specific information about the leadership team or associates working at the company.
Their focus is on coin investments, and there is no mention of gold or silver bars on the site. Global Gold Investments has been in business for over 17 years, which suggests they have experience in the precious metals industry. They are affiliated with reputable organizations such as the Numismatic Guaranty Corporation, the American Numismatic Association, and the Professional Coin Grading Service.
The company has been featured on prominent news stations like CNBC, Market Watch, Reuters, Daily Finance, and Yahoo! Finance. However, the website lacks specific statistics, gains, or losses, which could provide more transparency and insights into the company’s performance. As with any investment, it is always advisable to conduct thorough research and seek independent reviews or consult with a financial advisor before making any investment decisions.
People Behind Global Gold Investments:
The Global Gold Investments website lacks comprehensive information about its management team, additional details can be found on its LinkedIn page and on its BBB website. In terms of transparency, it is important to note that the Global Gold Investments website does not provide extensive details regarding its management team.
The lack of comprehensive information about the individuals leading the company can be a limitation in terms of transparency for potential investors or clients seeking a deeper understanding of the organization’s leadership structure.
To obtain more information about the management team, it may be helpful to explore alternative sources such as the company’s LinkedIn page and BBB page. These websites might provide additional insights into the key individuals involved in the management and operation of Global Gold Investments.
According to their LinkedIn profile, Mr. Jimmie West is Vice President and Co-Founder at Global Gold Investments. Additionally, Mr. Robert Mitchell is identified as the President of the company, while Ms. Michelle Jones serves as the Secretary. These individuals play key roles in the leadership and operation of Global Gold Investments, as stated on their LinkedIn profiles.
How to Invest in Global Gold Investments IRA?
Before starting any stages of investing in Global Gold Investments, we inform readers that on its website no proper guidance regarding IRA investment is given. These steps which are given below are usual steps while investing with any Gold IRA company.
Investing in a Global Gold Investments IRA involves setting up a self-directed Individual Retirement Account (IRA) and using it to invest in gold or gold-related assets.
While I would suggest you open a gold IRA account with a more specialized firm, I must share the basics involved in the process first:
Here’s a step-by-step guide to help you get started:
Research IRA Custodians: Find a reputable IRA custodian that offers self-directed IRAs with the option to invest in gold. Look for custodians that specialize in precious metals IRAs or have experience in facilitating gold investments.
Open a Self-Directed IRA: Once you’ve chosen a custodian, open a self-directed IRA account with them. This typically involves completing an application, providing identification documents, and funding the account with an initial contribution.
Fund Your IRA: After your account is set up, you must fund it. You can do this by either transferring funds from an existing IRA or rolling over funds from a 401(k) or other retirement account. The specific process will depend on your custodian’s guidelines.
Select a Global Gold Investments Provider: Research and select a reputable gold investment provider that offers access to global gold investments. Look for a provider with a track record of reliability, transparency, and competitive pricing.
Choose Your Gold Investments: Work with your chosen gold investment provider to select the specific gold investments you want to include in your IRA. This may consist of physical gold. Such as bullion or coins, gold-related assets like exchange-traded funds (ETFs), or mining stocks.
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.
Global Gold Investments Products:
Global Gold Investments specializes in offering a range of precious metal investment products. This includes gold, silver, palladium, and platinum coins. They are an authorized seller of coins provided by the United States Mint.
This includes popular options like the American Eagle and American Liberty coins. Investors have the convenience of simply making a phone call to order these coins and have them shipped directly to their homes.
For those looking to include precious metals in their retirement portfolios, Global Gold Investments offers options that are permitted to be held in a Gold IRA or a Silver IRA.
Examples of options allowed in a Gold IRA include the Gold American Buffalo, Gold American Eagle, and Gold Canadian Maple Leaf coins. Similarly, options permitted in a Silver IRA include the Silver American Eagle and the Silver Canadian Maple Leaf coins.
Investors interested in exploring these options would need to talk with a Global Gold Investments specialist. To discuss the details and intricacies of the portfolio review process, which can be conducted over the phone.
Global Gold Investments Fees and Charges:
Global Gold Investments distinguishes itself from other precious metals companies by not listing prices on its website. Instead, their pricing pages provide information on the factors that determine the value of gold, silver, platinum, and palladium.
These factors include metal purity, coin rarity, and subjective elements that influence overall pricing. This lack of transparency regarding specific prices can come as a surprise to investors who are accustomed to other websites that regularly update their prices, providing a general cost for each product.
On Global Gold Investment’s website, each coin displayed is accompanied by a button that directs investors to the “contact us” page. This approach may not be appreciated by investors who prefer conducting research on potential investments before engaging with specialists.
Certainly, this lack of transparency might bug most investors.
Furthermore, there is no information available on their website regarding their fees. This is a huge red flag because it increases your chances of facing “hidden charges”. Those hidden charges can eat away at your savings at a rapid pace.
Transparency is a major trust factor which you shouldn’t ignore.
On the Better Business Bureau website, Global Gold Investments has an A+ rating. There they have only 6 customer reviews. They have been in the industry for 17 years. This business is also BBB accredited on the Better Business Bureau website.
Some Reviews provided by their customers on BBB are given below:
#1. Ray D recently became a customer of Global Gold Investments after being intrigued by their radio advertisement on the Steve Show. Prompted by his curiosity, Ray decided to reach out to GGI to gather more information.
Fortunately, he had the opportunity to speak with Jim. He was the representative who proved to be meticulous and thorough in addressing Ray’s concerns.
Jim’s patience and comprehensive responses helped alleviate Ray’s initial hesitation about investing in gold and silver. As a result of his positive experience, Ray wholeheartedly recommends GGI to anyone interested in metal investments.
#2. Frances R shares her experience of being new to buying precious metals and the initial anxiety it brought. However, she expresses her gratitude towards Jimmy W. for his dedication, patience, and time in helping her and her husband understand the process.
His support made them feel more confident about their decision to invest in precious metals. Jimmy W. was readily available to answer their numerous questions, addressing any concerns they had, and ensuring their comfort throughout the purchasing process.
Frances highlights that they never felt rushed or pressured into making quick decisions. They eagerly anticipate maintaining their ongoing relationship with Global Gold and Jimmy W.
#3. Amy M, a newcomer to precious metals, expresses immense satisfaction with JW’s guidance and support. JW assisted Amy in converting his 401k into gold a few months ago and is currently helping him expand his precious metals investments.
Amy feels secure and confident under JW’s care and appreciates his availability to answer questions. JW’s upbeat and supportive personality, without being pushy, has made the experience enjoyable for Amy. He eagerly anticipates working with JW in the future and is grateful for having found him.
Some More Reviews:
#1. Andrew C shares his recent experience of purchasing 1oz American Eagle gold coins from Jimmie W., emphasizing the seamless, efficient, and trustworthy nature of the entire process. Jimmie W. demonstrated extensive knowledge and kindness throughout the transaction.
The gold coins arrived promptly as promised, and Andrew was pleased with the competitive pricing. He enthusiastically recommends Jimmie W. as the top choice for anyone seeking to purchase gold, recognizing him as the best in the field.
#2. Marie M, a new customer of Global Gold, shares a high recommendation for Jim, who provided excellent service and showed genuine care and concern for her future.
She expresses her intention to continue investing with Global Gold Investments, considering it an excellent choice for her financial endeavours.
Marie believes that this company will contribute to the growth of her future income. She is enthusiastic about recommending Global Gold Investments to her family and friends.
Is Global Gold Investments Legit? Should You Invest With Them?
No, I don’t think you should invest with them.
A+ rating on BBB
Focus on client education
Lack of transparency
Limited product selection
No fee-related information available
Global Gold Investments has been operational for over two decades. However, some of their aspects raise concerns regarding its legitimacy. The scarcity of reviews, considering its long history, is questionable and might indicate a lack of customer feedback or limited online presence.
Transparency is another area where GGI falls short. The company does not provide clear information about its management team or founder, making it difficult for potential customers to assess their credentials or track records.
Moreover, In terms of fees and charges, it does not provide exact details to customers when it comes to buying gold or silver coins.
So, while I would say Global Gold Investments is a prominent gold IRA provider, they are certainly not the best.