Allegiance Gold Review

Allegiance Gold review

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Allegiance Gold is a popular choice for people who want to invest in precious metals.

It offers a variety of investment options, allowing investors to diversify their portfolios and manage their risks using gold, silver, platinum, and palladium bars and coins in various sizes and denominations.

Before we get started, investing your savings is a serious task. When it comes to adding precious metals to your portfolio, how do you know which companies to trust?

That is why we have researched every company in the industry and selected the very few with the highest customer service standards.

This way you can easily compare the best companies in the business, and choose one that fits your needs and investment goals.

Read the list to see if Allegiance Gold LLC passed our strict customer service standards to become one of our top recommendations.

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About Allegiance Gold

Allegiance Gold was founded in 2013 in West Hills, California, by Mark Naaman and Alex Ebkarian. Their goal was to help investors defend their wealth and retirement savings by providing access to physical gold investments.

Allegiance Gold

Today, Allegiance Gold has grown significantly and is one of the leading providers of precious metals in the United States. The company offers an extensive selection of high-quality gold coins and bars in various sizes, as well as other types of precious metals such as silver, platinum, and palladium.

Allegiance Gold - Homepage

They also provide storage options for investors who want to keep their purchases safe and secure. The company itself doesn't have its own vaults, but they have collaborated with some of the most trusted storage companies in the country, i.e., Delaware Depository and Brinks Global Services.

In addition to its extensive selection of precious metals products, Allegiance Gold also strives to give customers an exceptional shopping experience by providing outstanding customer service and quick shipping times.

With its commitment to quality investments and customer satisfaction, the company has completed millions of dollars in precious metals transactions and has helped thousands of satisfied clients protect their wealth and retirements.

Allegiance Gold Services

The company takes pride in providing a safe, secure, and reliable way for customers to buy gold, silver, and other precious metals. They offer services such as gold IRA rollover, storage assistance, and asset diversification. Furthermore, they provide their customers with free investment guidebooks and educational resources for those new to investing in precious metals.

Allegiance Gold Custodians and Storage

To buy gold in whichever capacity, an investor requires a custodian, or rather a broker, to facilitate the purchase, sale, and delivery of precious metals. Allegiance Gold doesn't provide this service itself; instead, it has partnered with two of the finest custodians in the country, Strata Trust and Goldstar Trust, for their customers' convenience.

For those who prefer to store their gold in a secure location, Allegiance Gold offers segregated storage services to Brinks Global and Delaware Depositories. These facilities are equipped with the best asset protection systems, are fully insured, and are monitored 24/7.

How a Gold IRA Works

Precious metals IRAs work similarly to other forms of individual retirement accounts. It is self-directed, which means the owner has complete control over their investment and can move or withdraw funds as they please.

However, they may be some tax penalties if an investor withdraws their funds too early, usually before the age of 59 1/2.

What Is a Precious Metals IRA

Unlike normal IRAs based on stocks, bonds, and mutual funds, a precious metal IRA is supported by physical gold, silver, palladium, or platinum.

To create a gold IRA account, an investor must buy IRA-approved gold bars and coins from a reputable source, find safe storage for those metals, and then look for a broker to manage their account.

Gold IRAs enjoy similar tax advantages as traditional retirement accounts. Investors can defer tax on the value of their metals until they withdraw them.

Furthermore, with gold IRA accounts, investors can make a one-time transfer or rollover from an existing retirement account into a precious metal IRA without incurring any tax penalties.

Types of Gold IRA Accounts

Traditional gold IRA - A traditional gold IRA account is similar to a standard retirement plan such as a 401(k) or Roth IRA. It is funded with pre-tax dollars, and any capital gains are deferred until the investor withdraws them.

Roth gold IRA - A Roth gold IRA account differs from the traditional version in that it is funded with post-tax money, and all future earnings are tax-free. This type of account was created for those who want to save for their retirement but don't necessarily want to pay taxes on their returns.

Self-directed gold IRA - Self-directed IRAs allow investors to pick and choose what types of investments they want in their portfolio, including physical metals like gold, silver, platinum, and palladium, as well as stocks, bonds, real estate, and other assets.

Investors with self-directed gold IRAs have more control over their investments, but it also requires more responsibility to ensure that their investments stay compliant with the IRS. 

Gold IRA Funding

Cash Contributions

Investors can directly contribute cash to their gold IRA account to purchase precious metals. However, this is only allowed once they have reached the IRS's maximum contribution limit, which is currently set at $6,000 (or $7,000 for investors over 50 years) per year.

Transfer and Rollover Process

Investors who have an existing retirement plan can do an IRA-to-IRA transfer or a 401(k) rollover into their gold IRA. During this process, they will need to provide proof of ownership for their current investments as well as the accounts' custodian information.

It is important to note that any taxes associated with the transfer must be paid before completing the process.

Account Setup and Maintenance Fees

Allegiance Gold does not charge any setup fees for opening an account, nor do they charge any annual or maintenance fees. Nonetheless, investors should be aware that custodians may charge a fee for setting up and managing their accounts.

Why Gold?

Gold has always proven itself to be a highly valuable asset for centuries, and gold investments are no different. Today, people prefer it because:

Why Gold - Learning Center

It's Low Risk

Investors don't require any complicated strategies or analysis to invest in gold. All it takes is to buy and hold it for years as it gains against paper money or use it as collateral for additional investments. 

It's Liquid

It is easy to buy and sell gold without incurring much cost or effort. Investors can use gold as a currency in many countries and even pay bills with it.

It Preserves Wealth

Gold has proven itself to be an effective way to preserve wealth over time by retaining its value despite inflation or market turbulence. It has historically been a great hedge against currency devaluation, making it an attractive option for retirement planning.

It's Diversifying

Adding gold to an investment portfolio helps diversify and balance it, allowing for greater returns with less risk. Even when an investor's company fails or stocks crash, they can still rely on the security of their gold investments as a backup. 

Considerations When Investing in Precious Metals

When an investor decides to invest in precious metals in whichever capacity, they must find the best strategy that supports their investment goals. Some of the main considerations to keep in mind when investing in gold include:

Tax Implications

The IRS usually taxes dividends from gold investments as ordinary income. An investor will pay the same rate on gold investments as they would for any other type of income. The rate depends on their income level, whether they are single or married, and their filing status.

Storage Costs

When investing in physical gold, investors must consider the storage costs associated with it. Most self-directed gold IRAs require that the metal be stored at an approved third-party depository or insured vault facility. These facilities often charge annual fees of $100 or more, depending on the size of one's account. 

Finding the Right Custodian

When investing in precious metals through an IRA, investors need to find a trustworthy and reliable custodian who will ensure that transactions are compliant with IRS regulations.

Fortunately, Allegiance Gold has partnered with some of the most respected and reliable custodians in the industry. Investors can rest assured that their retirement funds are safe and secure with Allegiance Gold's partners.

Allegiance Gold LLC - Finding the Right Custodian

Tips for Improving the Chances of Success

Know the type of metal to buy

Allegiance gold offers four different types of precious metals – gold, silver, platinum, and palladium. Investors should familiarize themselves with the different characteristics and attributes of each metal to make an informed decision about which type is most suitable for their investment goals.

For example, gold may be seen as a safer investment and better suited to long-term investment strategies because of its stability and low volatility in comparison to other metals. On the other hand, silver may be better suited for short-term investments because it tends to appreciate quickly in response to market changes.

Palladium and platinum may require a larger investment but could be more profitable in the long run, depending on market conditions. They are highly used in the automotive and medical industries, which are rapidly growing.

Know the right time to buy

Investors should also pay attention to market trends and news to identify the best moments for buying and selling gold. Surges in demand or supply, political unrest, economic uncertainty, inflation levels, and currency exchange rates are just some of the variables that can influence gold prices and determine the right moment to buy or sell it.

Choose an Allocated Account

An allocated account gives investors greater control over their investments by allowing them to hold individual bars of metal in their own name.

This provides extra security and allows for easier transferability, making it more attractive than an unallocated account where the gold is held with other investors' metals in one large pool.

Develop a Diversified Portfolio

Diversifying your investments can reduce risk while maximizing returns. Many investors choose to diversify their portfolios by including other asset classes such as stocks, bonds, and real estate in addition to gold for a more balanced approach. Also, investing in different types of precious metals at the same time could provide even more protection against fluctuations in the market.

Consistently Track and Analyze Investments

It's essential for an investor to consistently track their precious metal investments and analyze their performance to ensure that they are achieving their desired results.

Regularly reviewing performance can help identify potential problems, such as a lack of diversity in the portfolio or an excessive amount of gold investment exposure. Tracking investments also allows investors to take advantage of market opportunities as they arise, which could potentially increase returns.

Drawbacks of Investing in Precious Metals

Investing in precious metals may be low-risk; however, that may come at the cost of slow or stagnant growth. As a result, investors may not be able to generate large returns over the short term when compared to stocks and other asset classes.

Also, the cost of getting started and maintaining investment in gold can be quite high due to storage fees, transaction costs, and taxes. Moreover, certain investors might be hesitant to invest in physical metals due to the difficulty of selling these assets quickly as compared with stocks or ETFs.

Conclusion

Investing in precious metals, such as gold, can be a highly rewarding and profitable endeavor. However, it is important to carefully consider the advantages and disadvantages before taking action.

Companies like Allegiance Gold offer investors a safe and secure way to achieve their financial goals by providing access to high-quality precious metals, information, and all the necessary tools for success.

Remember to read out list of the Top Gold Companies to see if Allegiance Gold LLC made the cut.

>> Click HERE to read our Best Gold IRA Companies list <<

Or, if you like what you read about Allegiance Gold LLC, you can visit their website below.

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