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Priority Gold is a precious metals company that provides a range of services to help clients invest in precious metals such as gold, silver, platinum, and palladium.
The company offers a variety of investment options for individuals who are looking to diversify their investment portfolio, including gold and silver IRAs, and provides clients with personalized guidance to help them make informed decisions.
Priority Gold has earned a reputation in the industry, making it a choice for those looking to invest in precious metals.
But is Priority Gold where you should invest your money? Keep reading to find out more.
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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About Priority Gold
Headquartered in Dallas, Texas, Priority Gold considers itself one of the most trusted precious metals dealers in the U.S. with a BBB A+ rating and an AAA rating with the Business Consumer Alliance.
Priority Gold specializes in providing precious metals investment services with advanced security and convenience for their clientele. When choosing Priority Gold, you'll get access to a team of metals experts who are committed to helping you streamline your purchase at competitive prices.
They also offer a quality selection to help you create a diverse portfolio that meets your financial needs.
Priority Gold offers a range of benefits like free storage for qualifying customers, a smooth IRA transfer, and a quick and easy purchasing process. According to the company, you can expect the highest standard of customer service with honesty, integrity, and professionalism.
Priority Gold Products
Priority Gold offers a great range of gold and silver on its website. The company doesn't have platinum or palladium at this time. But investors will find more than enough gold and silver to add to their collection or investment portfolio.
Here is a quick overview of some products you'll find:
Gold: South African Mint Gold Krugerrand, United States Mint Gold American Eagle Proof 4 Coin Set, United States Mint Gold U.S. BU Proof $5, United States Mint Gold American Buffalo 1 oz.
Silver: Royal Canadian Mint Silver Polar Bear, Royal Canadian Mint Silver Polar Bear & Cub, United States Mint Morgan Silver Dollar, United States Mint Silver America the Beautiful 5 oz, United States Mint Silver American Eagle 1 oz.
Precious Metals IRA
Priority Gold also offers IRA services for investors interested in an individual retirement account.
Investors can roll over their IRA into gold or silver, enabling them to achieve the same profits that they would gain by purchasing gold or silver directly.
There is a four-step process to setting up an IRA account with Priority Gold. According to the company, they are committed to providing the highest caliber of customer care when opening a precious metals IRA.
Priority Gold's IRA specialists will answer all of your questions, and work with your custodians to ensure you have a seamless transition.
The first step is to provide Priority Gold with your personal information, such as your name, email, phone number, and more.
The next step is to designate the beneficiary(s) that you would like to add to your account.
Next, you'll need to determine how you would like to fund your account.
You will receive instructions from Priority Gold on how to transfer funds.
Priority Gold doesn't provide detailed step-by-step instructions on opening a precious metals IRA. But, you can always call a representative if you're interested in more detailed instructions.
Partnered IRA Custodian
If you decide to open a precious metals IRA with Priority Gold, you'll also need a custodian. Priority Gold has partnered with Preferred Trust Company to provide custodial and administrative services for your IRA-owned precious metals investments.
Preferred Trust Company was founded in 2007 in Las Vegas, Nevada. They are a licensed Retail Trust Company that specializes in self-directed IRAs.
What makes Prefered Trust great is that its team is dedicated to providing personalized services to each account owner. The company is cross-trained and works seamlessly to provide fast and efficient responses to customers.
Note that Preferred Trust Company aligns with the rules and regulations created by the IRS and the guidelines set by the State of Nevada Financial Institutions Divisions.
Selling Your Precious Metals
Priority Gold offers assistance with selling your precious metals when you're ready. The company states that they are devoted to offering its clients access to the best precious metals products available in the market. Investors will find bullion bars, coins, investment-grade modern coins, and more.
Any precious metal product sold by Priority gold can be bought back or facilitated for sale. Priority Gold states that at least one of their buy-back options is offered on any product at any time and for any reason. The only stipulation is that the product must have been purchased from Priority Gold.
Payments are typically available to you within 72 hours of the sale of your products. Payments can be made to you directly via check.
Here are a few selling options that Priority Gold discusses on its website:
If you would like to accomplish the highest open market price, investors can consider selling their portfolios themselves. The Open Market Sale enables you to control the price at which you sell your precious metals. This option offers investors the highest maximum selling price.
Keep in mind that an open market sale will require more time and commitment for the investor. There are many auction outlets available, but investors will need to consider fees associated with using the auction services. Also, be prepared to facilitate the transaction on your own.
If you would like to take the work off your hands, you can allow Priority Gold to sell your precious metals for you. Priority Gold states they will move your products to the front of the line and sell it to the market through their active trading floor.
A consignment sale means that your portfolio will be priced based on Priority Gold's current market ask price, minus 15%. This covers costs related to marketing, transactions, shipping, and insurance costs. Note that you will be responsible for the shipping and insurance fees required to deliver metals to Priority Gold's facility. But they will cover the remaining costs.
Priority Gold states that consignment sale is ideal for those interested in a reasonable value for their precious metals.
It's important to note that Consignment Sale is not inclusive to everyone. It is reserved for Priority Gold clients who have held their investment for a minimum of 60 months from the original date of sale. Additionally, this service is not available to those who have not purchased their portfolio items from Priority Gold originally.
The third option is ideal for investors who hold bullion metals and is interested in immediate liquidity for investment-grade and numismatic coins.
Priority Gold will buy back your metals at their current bid price. This is the quickest way to liquidate with zero fees or charges from Priority Gold. Keep in mind that you'll still be responsible for the shipping and insurance fees required to deliver your metals to Priority Gold's facility.
Priority Gold states that an immediate liquidation sale is also available for Investment Grade Coins and numismatic coins. However, this will typically yield a lower price than consignment sales and open market sales.
If you would like more information about Priority Gold's selling process, you can call them at 888-506-6439.
Priority Gold offers several resources to help investors make the best decisions for their financial future. Here are some resources you can find on the website:
Precious Metals Price Chart: See real-time prices and price history of gold, silver, platinum, and palladium.
Glossary of Gold: Learn about relevant terms and descriptions, such as spot price, mint, bullion, purity, and more.
Free Precious Metals IRA Guide: The precious metals guide touches on a variety of areas. For instance, investors can learn how gold and silver can protect your wealth and how it diversifies your retirement portfolio.
Overall, Priority Gold does not have many reviews when searching online. Luckily, the company seems to have built a positive reputation with some customers. Priority Gold mostly received five stars on the Better Business Bureau. Let's take a look at what some customers had to say:
One customer said that Priority Gold offered an exceptional experience. The customer said that Priority Gold worked diligently on a complicated account transfer. Even without any additional commitments from the customer, Priority Gold still advised the customer through a difficult resolution. The customer said they were able to save thousands of dollars as a result.
Another customer asserted that Priority Gold is a professional company and that the representatives were a pleasure to work with. The customer said they received their gold much quicker than anticipated, adding to their already great experience.
According to a different customer, Priority Gold was influential in them setting up their first precious metals IRA. Their customer service representative was committed to handling their needs and following up occasionally.
Pros and Cons of Priority Gold
Priority Gold has been in business since 2001 and has built a positive reputation with clients. The company has received nearly five stars across all available platforms, with most customers satisfied with their experience. This makes Priority Gold a trustworthy company that's a great option for all of your precious metals needs.
One of the things that stands out about Priority Gold is the company's commitment to customer care. Priority Gold states that they want to help investors fortify their wealth. They do this by offering a wealth of knowledge, quality products, and a team committed to helping investors along the way.
Based on reviews, Priority Gold has lived up to this mission and continues to deliver one of the best customer experiences.
Investors will find plenty of IRA-approved gold and silver in Priority Gold's inventory. This gives investors more flexibility to diversify their retirement portfolios.
One disadvantage is that most precious metals are in the form of coins. Investors interested in other forms like bars may have a hard time finding metals that match their needs.
Trustpilot is one of the most trusted platforms to get real feedback from customers. Unfortunately, Priority Gold does not have any reviews listed on Trustpilot. Compared to other precious metals companies that have active reviews on Trustpilot, this puts Priority Gold at a disadvantage.
Priority Gold does not provide information about fees. If you're interested in buying precious metals with Priority Gold, you will need to fill out the form on the website to request a quote. You can also call them to ask about a quote.
There is also no mention of fees associated with opening a precious metals IRA. You will need to contact Priority Gold directly to learn more about IRA fees.
Priority Gold: Final Thoughts
Priority Gold is a trusted precious metals dealer and IRA specialist based in Dallas, Texas. The company offers a variety of gold and silver and an excellent customer experience. If you're interested in buying precious metals or opening a precious metals IRA, Priority Gold is a great option to consider.
Remember to read our list of the Best Gold Investment Companies to work with, before investing your hard-earned savings!
Or, if you like what you read about Priority Gold, continue to their website below.