Priority Gold is a precious metals dealer with relatively low experience. They lack transparency and fail to disclose any information regarding their fees and charges. Also, their product selection is quite limited compared to other gold dealers.
What is Priority Gold?Priority Gold Locations, Timings, Email, Phone, Services
Priority Gold is one of the most recognized precious metals dealers in the United States. It specifically provides precious metals investing opportunities to its clientele. They claim to do so with the utmost security and ease.
Their team makes it simple for customers to purchase gold and silver metals at reasonable prices. Furthermore, they assist consumers in selecting the appropriate precious metals portfolios or IRAs and meeting their financial objectives.
Its inventory includes rare coins, silver and gold IRA-certified bullion coins, and a 10oz IRA-verified silver bar. However, Priority Gold does not currently provide any palladium or platinum goods. Also, the company offers a quick and simple precious metals buying process. Customers can take advantage of free storage for eligible Gold and Silver IRAs as well as a simple IRA transfer.
People Behind Priority Gold: CEO, Co-Founders & MoreWho owns Priority Gold? What is the management team behind Priority Gold?
Priority Gold has a website and a LinkedIn page, however, they do not disclose any information on their executive team. Only the names of two employees are available on the Internet. This is odd because potential clients would want to know who is in charge of the company before doing business with them.
Lack of transparency is a huge red flag and doesn’t make a company seem trustworthy.
Mike Anderson is a Director of Operations at Priority Gold. As a Director of operations, he provides strategic vision, leadership, planning as well as direction with regard to the organization’s operations. He has been in this industry for over 10 years now and he lives in the United States, California.
Gregory Gaussa: Manager
Gregory Gaussa is a Manager at Priority Gold. He claims to help people with wealth preservation, protection and diversification with physical Gold winning mindset. Gregory has 14 years of Sales and Retention experience. He has been at Priority Gold since 2020.
Priority Gold Products: Bullion Coins, Bars, And Rare CoinsAll products offered by Priority Gold
Priority Gold’s investment offerings include gold and silver coins eligible for IRAs, as well as unusual coins for collectors. A 10-ounce silver bar has also been approved for IRAs. Coins made of silver and gold include:
Gold American Eagle
Gold American Buffalo
Gold Austrian Philharmonic
Gold Canadian Maple Leaf
Silver American Eagle
Silver Canadian Maple Leaf
Silver Canadian Gyrfalcon
Priority Gold allows individuals to invest their retirement savings in gold and silver. These metals may help to protect them from inflation as well as diversify their portfolio. This can help them keep their savings safe if the stock market falls.
Priority Gold claims to have a solid plan in place to meet its short as well as long-term goals. They can assist you in finding a new precious metals IRA account by transferring your old 401(k) or IRA. They will also aid you in locating the ideal precious metals for you and ensuring that the purchase meets your goals.
According to Priority Gold, its precious metals professionals are well-versed in the products and procedures required to accomplish a transaction. They also guarantee to provide competitive pricing and service to help consumers choose the best metals for their needs.
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The company says they advise customers on how to diversify their portfolio with precious metals. They also say they listen to people and want them to feel more in control of their decisions. Priority Gold guarantees that it understands the entire procedure from start to finish and will make the transition to a Precious Metals IRA simple for you. They currently do not have any gold or platinum investments.
How to Invest in Priority Gold IRA?Step-by-step guide for investing in Priority Gold IRA
Time needed: 15 days
To invest in a precious metals IRA through Priority Gold, 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 Priority Gold 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 Priority Gold.
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 Priority Gold 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.
Priority Gold Fees and Charges: Do they overcharge?What are their fees? Do they have hidden fees?
Priority Gold’s website does not include information about its fees and charges. This could be one of the company’s biggest drawbacks. Potential clients may be concerned about the lack of fee transparency. It is especially unsafe for those who appreciate clarity and wish to make informed decisions.
Understanding the costs involved with an investment or working with a financial service provider is critical. Having precise information regarding fees allows investors to analyse the potential influence on their returns.
In a business where trust, openness, and accountability are critical, the lack of fee information on the website may cause some investors to be concerned. Clients may wonder why fee information is not readily available and whether there are any hidden prices or unexpected charges associated with using Priority Gold’s services.
Companies like Augusta charge ZERO fees for up to 10 years and allow you to choose your own gold & silver. Priority Gold on the other hand provides fewer options.
Priority Gold Reviews and Ratings: BBB, TrustLink, and BCA
To further enhance this Priority Gold Review, we have added the company’s online reviews and ratings below:
Better Business Bureau (BBB):
On the Better Business Bureau website, Priority Gold has A+ ratings based on 10 customer reviews. They are since 8 years in the industry. A total of 1 complaints have been closed in the last 3 years. This business is also BBB accredited on Better Business Bureau website.
Priority Gold has a 5.0-star rating on TrustLink based on multiple customer reviews and complaints. There are 24 customer reviews in all, with the majority of them being favorable, with people praising the company’s exceptional customer service, professionalism, and also expertise.
Business Consumer Alliance (BCA):
Priority Gold has received a AAA rating on the Business Consumer Alliance (BCA) based on numerous customer reviews. There is a total of 35 customer reviews. The company is also a Member of the Business Consumer Alliance (BCA).
When browsing online, there aren’t many Priority Gold reviews available. Fortunately, the company seems to have a positive reputation among specific customers.
According to one customer, this company provided them with an amazing experience. The consumer stated that they worked hard on a challenging account transfer. Even without any more commitments from the customer, the gold IRA company guided the customer through a challenging settlement. As a result, the customer claims to have saved thousands of dollars.
Another client stated that it is a proficient company with pleasant staff. The customer stated that they received their gold considerably faster than expected, adding to their already positive experience.
According to another customer, this company was instrumental in establishing their first precious metals IRA. Their customer care agent was dedicated to handling their needs and occasionally following up.
Is Priority Gold Legit? Should You Invest With Them?Is Priority Gold a scam or legit? Are they worth it?
No, I don’t think you should invest with them.
A+ rating on BBB
Focus on client education
No platinum and palladium products
Most of their catalogue only consists of coins
No live chat
Limited online presence
Lack of transparency
While Priority Gold is clearly not a scam, it has plenty of red flags. Still, it is BBB-accredited and received plenty of positive ratings and customer reviews online. This would not be possible if it were a scam.
However, the lack of information about the CEO and founder on its website and other platforms throws into doubt the company’s transparency. The website of Priority Gold also provides no information about its fees and charges. This could be one of the company’s most serious flaws.
I suggest you check out our top gold IRA providers. That way, you can get an idea of what the industry’s best has to offer.
Alternatively, you can find the best gold IRA company of your state below: