What is United Gold Group?United Gold Group Locations, Timings, Email, Phone, Services
United Gold Group is a precious metals firm in Los Angeles, California.
According to its About page, it is a company that offers a wide range of products and services to help customers properly diversify their investments.
United Gold Group is a member of the National Coin & Bullion Association (ICTA), an industry watchdog that monitors precious metals enterprises.
Furthermore, the company sponsors the Sound Money Defence League. It advocates for state and federal sound money legislation while providing customers with relevant information.
The company also claims to be a part of the Teddy Roosevelt / United Gold Wildlife Initiative, which promotes environmental protection.
In this article, we will look deeper into United Gold Group and investigate if the claims they have made are legit.
In addition, we’ll learn about United Gold Group’s product offerings, price, presence, and customer reviews to give you an in-depth understanding of what they have to offer and how the public considers their services and products.
- Address: 7083 Hollywood Blvd Los Angeles, CA 90028
- Phone: (800) 753-8534
- Email: Corporate@UnitedGoldGroup.com
- Website: www.unitedgoldgroup.com
People Behind United Gold Group: CEO, Owner, Co-Founders & MoreWho owns United Gold Group? What is the management team behind United Gold Group?
The company does not disclose any information about its owner and founder or any team members on its website. However, I checked the company’s BBB profile, and David Bleeden is listed as its president.
David Bleeden: President
After digging deeper on Casetext I found something shocking about him.
A customer named Kelly Crawford filed a class action lawsuit against David Bleeden.
Here’s a snippet of that lawsuit.
You may read more about it here.
Apart from that, there isn’t much information available about the people behind this company.
United Gold Group Products: Bullion Coins, Bars, And Rare CoinsAll products offered by United Gold Group
United Gold Group provides IRA services through its partner custodian, who will provide clients with IRA-eligible precious metals.
According to their website, the following precious metals can be purchased by customers:
Gold
- Australian Kangaroo
- U.S. Buffalo Gold Uncirculated coins
- British Britannia coins (.9999+)
- American Eagle coins(1)
- Austrian Philharmonic coins
- Chinese Panda Coins
- Canadian Maple Leaf coins
Silver
- Royal Canadian Mint Eagle coins
- Chinese Silver Panda coins
- American Eagle coins(1)
- Mexican Libertad coins
- Australian Kookaburra and Koala coins
- Austrian Philharmonic coins
- Canadian Maple Leaf coins
Platinum
- Canadian Maple Leaf coins
- American Eagle coins(1)
- Isle of Man Noble coins
- Australian Koala coins
The company follows the spot gold price, which is the price at which gold can be bought and sold. However, it is important to keep in mind that precious metal prices are always changing.
Apart from selling precious metals, the company has a buy-back program under which the company would buy back your precious metals at affordable prices.
Can You Invest in United Gold Group IRA?Do They Offer A Precious Metals IRA?
To invest in a precious metals IRA through United 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 United 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 United 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 this company 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.
United Gold Group Fees and Charges: Do they overcharge?What are their fees? Do they have hidden fees?
The website of United Gold Group does not disclose specific pricing information. Their “pricing” web page simply states that they aim for a profit of 2% to 25% for each transaction, which is decided by a variety of factors. If you call them, they claim to be open about their prices.
The $1,500 minimum purchase hurdle, however, is a big drawback for some and minor for others. In addition, options for payment are limited to wire transfers, electronic bill pay, or personal checks, with a personal check limit of $10,000. If you prefer to pay by personal check, the shipment process may be delayed because the check must clear before they can send the items.
It’s worth noting that United Gold Group’s lack of sufficient fee and charge disclosure could be a significant concern for potential customers.
United Gold Group Reviews and Complaints: BBB, Yelp, GoogleRead all the United Gold Group reviews & complaints on United Gold Group
At the time of this update (Sep 2023), the company had received only a few online reviews. When you search for precious metal companies, they usually appear on a few review websites.
Better Business Bureau (BBB)
One possible reason is that it is still relatively new to the scene. However, United Gold Group has a BBB rating, which is good. Also, it has been BBB accredited since 2021.
There are only 4 customer reviews on BBB, however, they received 2 customer complaints. The company has been in business for four years.
The majority of customers have given this company favourable responses, and they have appreciated their team and customer service.
Further, when it comes to complaints, customers have stated that they lost money while buying items. The customers have said that they paid for products but never received them from this company.
The company has received several unresolved complaints from customers. There are also several unresolved negative reviews on different platforms. Our #1 rated gold IRA company has ZERO unanswered complaints on BBB.
Yelp
United Gold Group has received 4.4 stars on Yelp, a well-known customer review platform. It’s worth noting that this rating is based on a small number of reviews, with only 7 customers providing feedback. While the rating is favorable, the small number of reviews indicates that it may not fully reflect the experiences of a larger customer base.
TrustLink
On TrustLink, the company has a 5/5 star rating based on 21 customer reviews and complaints. The majority of customers have shown their appreciation to the company by writing about their excellent experiences with their team, purchasing products, and overall good customer service.
Despite the fact that the company has received many positive reviews, it is crucial to remember that one client expressed frustration as well.
When you’re looking into a gold dealer, it’s best to check their reviews online. This way, you can verify how other people’s experiences went and make a well-informed decision.
Is United Gold Group Legit? Should You Invest With Them?Is United Gold Group a scam or legit? Are they worth it?
No, I don’t recommend investing with them.
Pros:
- BBB-accredited business
- Decent product catalog
Cons:
- Lack of transparency
- Limited online presence
I think you have many better options than this company.
United Gold Group is a reputable company that provides a diverse selection of precious metals products to investors and they have received positive reviews from customers.
However, this company has a number of issues, such as not being transparent about its members on its website, not disclosing sufficient details related to fees and charges, and no customer reviews on Trustpilot.
All of this suggests that you should look into other companies instead.
Before you make any final decision, I recommend checking out our top gold IRA providers.
There, you will find out what the industry’s best has to offer. Also, it will ensure you make an informed decision.
Or, you can check out the best gold dealer in your state below:
Each state has its regulations and rules, so we’ve sorted and found the best Gold IRA company for each state.
Find the best Gold IRA company in your state