AmeriGold Review

Amerigold Review

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Boasting over 24 years in the precious metal industry and 100% customer satisfaction, AmeriGold is one of the leading gold and silver bullion dealers in the United States.


They also specialize in numismatic items such as certified coins, currency, and collectible items.

Before we get started:

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Opening a gold IRA can sound complicated, but it's really not.  


That is why we created a list of our most trustworthy investment companies, to make comparing and choosing the company best suited to your needs as easy as possible.

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Table of Contents

About AmeriGold


AmeriGold was founded in 1998 and is headquartered in metropolitan Denver, Colorado. They specialize in helping their clients diversify a portion of their portfolio into hard assets that are safer and proven to stand the test of time.


They offer a variety of products, such as gold, silver, and platinum bullion bars and coins, collectible coins, foreign currency, and more.

The company claims to sell at prices consistently better than its competitors. The reason for this is due to their ability to maintain low overhead, as they focus more on referrals and repeat orders from their satisfied customers.


About the Team


Greg McCoach is the founder and president of Amerigold. He is a history and entrepreneur student with over 40 years of experience in the financial world. He started his entrepreneurial journey with a print and mail operation company in Denver, Colorado, known as Preciosion Graphics, Inc., which he sold in 1998 after 15 years of a successful run.

Mr. Greg is known to have the unique ability to understand, analyze and predict future trends in the financial industry. In fact, on the about us page of AmeriGold, it's stated that in 2007 he was one of the first analysts to predict that gold would cost $1,000 per ounce.

Moreover, the company's team of highly qualified professionals treats investors as friends and family. Their commitment to excellent customer service has earned them an A+ rating from the Better Business Bureau.


AmeriGold's Website


AmeriGold has a website that they created mainly to educate their clients on precious metals and their markets, regardless of the stage they are in their investing journey. They don't use high-pressure sales tactics; instead, they seek to earn their client's trust by providing them with valuable information and resources.

The website also provides customers with a secure platform to call and buy or sell bullion, coins, currency, and other collectibles. They also show real-time pricing and feature a live chat service so that customers can get help as soon as possible with any questions or queries they may have.


AmeriGold Products


AmeriGold is a fully authorized dealer for various government-supplied bullion products, such as Maple Leaf coins, American Eagles, Austrian Philharmonics, etc. They are also authorized precious metals bar fabricators, meaning they can provide bars of gold, silver, and platinum in various sizes for investors.

If a client can't find a bullion or collectible they want on their website, they can give Amerigold's representative a call, and they will supply them with a quote and availability information. Moreover, they allow people to sell them their precious metals or other collectibles.


AmeriGold Services


AmeriGold gives their clients every assistance that they can in storing or growing their wealth using precious metals. From creating self-directed IRA accounts to providing a list of trusted custodians and bullion liquidity options for those wanting to sell their precious metals.

Furthermore, their website features an education center where customers can learn more about precious metals and how to use them for investing purposes. They also offer coin evaluations so that investors can get a good idea of the value of their collections.

AmeriGold Storage and Shipping


Currently, the company doesn't have any depositories to store their clients' products. However, they have collaborated with IRS-approved companies that offer secure storage options for gold and other precious metals, both in the U.S. and abroad.

When it comes to shipping, AmeriGold fully insures packages that are sent to clients with a third-party carrier. They commonly use FedEx, UPS, and U.S. Mail. Client's products take around 2 to 5 business days to arrive after they are processed.


AmeriGold Fees and Cost


Unfortunately, AmeriGold doesn't share any information about its fees and costs on its website. Moreover, it doesn't disclose custodian or shipping costs. If a client needs to know more about these fees, they should contact the company directly.

How to Buy Products From AmeriGold


  • Visit the company's website (https://amerigold.com) to get contact information - they've provided both phone and email addresses.
  • Speak to an AmeriGold representative about the products you'd like to purchase - they can provide pricing information, availability, and quotes on large orders
  • The company will get back to you using an email confirmation of your order, as well as a trade number that allows you to track your precious metals.
  • Make payment for products, either through a wire transfer or credit card (visa, MasterCard, and Express are accepted). You should do this within 48 hours of receiving the confirmation email.

After making a successful purchase, AmeriGold will ship with a third-party carrier within 2 to 3 business days. You should note that the minimum transaction for buying precious metals with the company is $5,000.


Selling to AmeriGold


Investors can also sell their precious metals or collectibles to Amerigold. Just as with buying, the minimum amount that the company can purchase from an interested seller is $5,000 per order.

  • You will need to call the company and ask for their current quote on gold and silver.
  • You will then have to provide them with all the information about the product you wish to sell.
  • AmeriGold will issue a purchase order number for your transaction.
  • Send your securely packaged products to their depository within 24 hours via a registered and insured delivery company.
  • AmeriGold will review your products and information and then make payment within 24 hours using standard mail, overnight payment, or bank wire - whichever you prefer.

It's important to keep in mind that the quote the company will give you doesn't include shipping costs. That'll be on you. Also, your products must meet the purity levels specified by the company before they can be accepted.


AmeriGold's Precious Metal IRA


Besides selling and buying precious metals and collectibles, AmeriGold allows its clients to diversify their investment portfolio by opening a self-directed gold or silver IRA. This is just like any other IRA account but backed up with real gold or silver instead of paper currency.

The company has partnered with several trust companies and custodians where the IRA can be opened and managed. They haven't disclosed specific partners that they work with, so a serious client must call them first to find out.

Note that it is often easier for an investor to open a self-directed precious metals account when they already have an existing annuity, 457 or 401k account, TSP, or any other retirement plan. This is because they will simply need to roll over their funds to their new gold or silver IRA. On the other hand, investors who don't have any retirement plans can still open a precious metals IRA but will face additional paperwork and processes.


How to Open up an IRA With AmeriGold


Contact AmeriGold and tell one of their representatives that you'd like to open a precious metals IRA. They will give you a list of all the custodians that they work with and their respective fees, and any important information you should know about them.

They will then send you a form through your email that you'll fill out and send to your chosen custodian. From here, the custodian will start the process of preparing your account. They will coordinate with your current retirement plan holder to transfer your funds to your new self-directed IRA account.

This first step normally takes roughly two weeks and doesn't require much of your involvement. They will reach out to you with your new account number, which you can start funding.

Your AmeriGold's IRA consultant will talk to you about the precious metal options that you prefer to buy from them. They will lock the products you buy and send you a trade number. Then, they will send you another form known as the "Investment Direction Form," which tells your custodian what you want to do with your account. This form also stipulates that AmeriGold is the chosen dealer of your gold, silver, or platinum products.


Why Precious Metals


Gold, silver, platinum, and palladium are rare, extremely valuable, and useful metals that have been used as money by countries and civilizations for millennia. They remain impervious to the effects of inflation, making them an ideal hedge against economic downturns and uncertainties.

As per recent events, the dollar has been slowly losing its strength. Countries like China, Russia, India, etc., are moving away from using the dollar as the primary reserve currency. Therefore, storing wealth in physical gold and silver is an excellent way to protect your savings from the devaluation of the U.S. Dollar. Besides, gold and silver remain valuable in all parts of the world, and their prices are not affected by fractional reserve banking or other government policies.


The Legitimacy of AmeriGold: Pros and Cons


PROS

  • AmeriGold has been a trusted dealer and financial manager for over two decades. It was accredited by the Better Business Bureau a year after it was opened and has maintained an A+ rating ever since. In addition, it offers a wide variety of products and services for its clients, from gold and silver coins to investing in precious metals.

CONS

  • The downside, however, is that there is a minimum required transaction limit for all purchases and sales. Also, clients must call or email to get a quote, making it inconvenient for those who don't want to wait.

Conclusion


Investing in precious metals through AmeriGold is worth considering. They have built a good reputation over the years, practically growing through referrals and recommendations.


Still, clients must do their research and assess them, given how important this type of investment is.

Remember to read our list of the Best Gold Investment Companies to work with, before investing your hard-earned savings!

>> CLICK HERE to read our list of the Top Gold Investment Companies. <<

Or, if you like what you read about AmeriGold, continue to their website below.

Charles Turner


Hi, I'm Charles Turner, founder of Turner Investments.  I created Turner Investments to provide education and guidance to individuals interested in personal finance.

My goal is to make Turner Investments a valuable resource for anyone looking to learn more about personal finance and make smarter investment decisions.

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