Capital Gold Group Review
Investing for retirement should always include vehicles that can help to provide protection of principal, as well as the opportunity for growth. By allocating space for gold and precious metals in your portfolio, you will be able to accomplish those things, as well as provide a hedge against future inflation – and, if you invest in metals through a self-directed IRA account, you can also get the added benefit of tax-deferral.
Before moving forward with this type of investment strategy, it is important that you ensure that the metals dealer you’re working through has a strong reputation in the industry – and that it is able to provide you with clear advice on how to accomplish your financial goals.
One industry leader that many investors have turned to over the past several years is Los Angeles based Capital Gold Group, Inc. This metals dealer, founded in 2003, offers gold and silver investments, as well as a precious metals IRA option.
In 2011, Capital Gold Group was voted among the fastest growing companies in the Inc. 5000 – with a three year growth record of 79%, and revenues of more than $44 million in the year 2010.
The company was also the very first precious metals dealer to be featured in Forbes magazine for 12 months, bringing the latest metals news, trends, forecasts to its viewers – both online and offline.
In 2015, the company launched the precious metals network – a comprehensive station that addresses frequently asked questions, as well as breaking news about metals. The company has also released several exclusive ebooks about metals and how to invest in these types of products.
Products Offered Through Capital Gold Group
Capital Gold Group provides a wide selection of gold and silver products, as well as platinum and palladium. These come in the form of bars, rounds, and coins. Some of the company’s top selling items include the following:
American Gold Eagle
American Silver Eagle
1 Ounce PAMP Suisse Palladium Bar
100 Ounce Johnson Matthey Silver Bar
1 Ounce Suisse Palladium Bar
Investors can purchase metals outright. They can also have the option to purchase via the Capital Gold Group’s Wealth Savings Program. This allows individuals to purchase based on a weekly or monthly plan, over a period of time, by paying monthly or weekly as versus in one lump sum.
Storage and Delivery of Metals Products
Customers of Capital Gold Group have the option to either keep their metals at home (or in a bank safe deposit box), or they can store them in a depository. If an investor opts to take possession of their metals, the items will be shipped from the company within 7 to 21 business days.
If, however, payment is made by check, shipment will be made within 29 business days after the check has been received, processed, and cleared. Items are shipped via U.S. Postal Service Registered Mail, or by Federal Express.
If a client has a Capital Gold Group Home Storage Gold IRA, they can invest in IRS-approved physical precious metals and have the metals delivered to their home. As the manager of their own IRA account, metals can be purchased using the IRA-LLC’s checking account. Kingdom Trust is used as the custodian for this IRA account.
How to Open a Precious Metals IRA Account
Capital Gold Group makes it easy to set up a precious metals IRA. With its Home Storage IRA LLC, the IRA account holder has the option to form a single-member limited liability company (LLC). This LLC can then designate a manager to manage its IRA proceeds. The proceeds will then be used for investing its funds into a precious metals portfolio.
Kingdom Trust, the IRA’s custodian, will transfer the proceeds of the IRA to the LLC IRA checking account. It is then that the precious metals may be purchased. Advisors from Capital Gold Group will discuss with investors which metals may be the best ones to purchase for their account, based on the investor’s specific goals, time horizon, and risk tolerance. The advisors will also help investors to understand which metals are and are not eligible to be placed within an IRA account.
Kingdom Trust charges a custodian fee of $25 for the account set up, and a $400 fee to set up the LLC. There is also a $100 account annual fee, and a $30 annual fee for the LLC’s registered agent.
Capital Gold Group Customer Service
The customer service reps from Capital Gold Group are available to assist investors with opening accounts – including IRA accounts – as well as with determining which metals may be best for their particular needs. Representatives are available via email, as well as through a toll-free telephone line.
In order to help customers and website visitors better understand gold and precious metals investing, individuals can download a free definitive gold guide by simply filling out a form with their name, email address, and phone number. Capital Gold Group will continue sending seven more eBooks for free, each week, via email after that. Consumers can also receive a free home storage IRA guide.
Although Capital Gold Group has not been an accredited company through the Better Business Bureau for very long (June 6, 2016), the company has been given a grade of A+ by the BBB. Over the past three years, Capital Gold Group has closed out three total complaint through the Better Business Bureau. Of these three complaints, two were focused on advertising / sales issues, and the other one had to do with problems with the company’s products and / or services. (Only one of these complaints occurred within the past year).
The company is also highly rated through the Business Consumer Alliance (BCA), with a AAA rating and 5-stars. Although two complaints have been filed through the BCA over the past three years, both have been 100 resolved.
Capital Gold Group is also rated a 9.2 out of 10 (Excellent) by TrustPilot, and has a 5-star rating here. This is based on 20 highly positive customer reviews that are posted from this industry entity.
The Bottom Line
Capital Gold Group can offer a great way to purchase metals – especially for newer investors and / or those who may not have a lot of money to invest, but want to put some money towards precious metals. That is because this company provides the Wealth Savings Program, which allows weekly or monthly payments for purchasing precious metals.
The company also has high ratings and very few complaints that have been filed through the industry agencies. Overall, Capital Gold Group could be a good option for those seeking a precious metals IRA.