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Saving for retirement presents a significant challenge for every investor, especially given the inherent volatility of the stock market.
The cornerstone of effective retirement planning has always been maintaining a diverse portfolio. This often leads investors to explore alternatives beyond traditional paper assets like stocks and bonds.
Gold and silver, in the form of coins and bars, offer a reliable investment option for securing a stable retirement. One reputable dealer to consider is Gold Financial Group, a trusted name in the precious metals market.
As you plan for a comfortable future, understanding the value and benefits of such investments can be a crucial step toward financial security.
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 Gold Financial Group passed our strict customer service standards to become one of our top recommendations.
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Introducing the Gold Financial Group
The GFG is a precious metals dealer based out of Los Angeles, California. They sell a mixture of gold and silver products, including coins and bars. It appears that most of their sales occur over the phone. GFG's website advertises their phone number for most inquiries.
They do have a live chat and contact boxes to ask questions about the products. Pricing appears to be a quote over the phone as well. The products are clearly pictured and come with detailed descriptions, which is a helpful feature. Investors are welcome to ask as many questions as they like to make an investment decision.
Exploring GFG's Product Line
GFG advertises both gold and silver for sale. Click on their corresponding tabs, and investors see large images of each product. They'll see a mixture of coins from various countries along with precious metal bars. There are even unique items, such as silver bullets, to enhance any investor's collection.
Unfortunately, GFG doesn't appear to sell any other precious metals, such as palladium or platinum. Investors looking for basic investments, however, might appreciate the streamlined inventory. They don't have to sort through a lot of different items to find the right products.
Purchasing Products From GFG
GFG's inventory is beautifully detailed with both images and physical descriptions. Purchasing from GFG isn't like a standard retailer, however. There are no virtual carts on this website.
Investors navigate to their desired product and click on the "Get a Quote" button. A pop-up window appears where investors add their names, email addresses, and phone numbers. Presumably, a GFG representative will contact the investor in a reasonable amount of time afterward.
In addition, GFG advertises precious metals IRAs or Individual Retirement Accounts as well as corresponding storage. Inquiring about this product requires another call to the company.
Reselling Products Back to GFG
It's difficult to say if GFG buys back precious metals. There isn't a dedicated page for buyback services, which is typically an option with other precious metals businesses.
However, there is a mention of coin selling on the "Why Gold Financial Group" page. They advertise an evaluation of an investor's coins and they'll "provide alternative options for getting the best price."
Interested investors may want to call GFG about selling their precious metals back to them. There may be a protocol that isn't described on the website.
Pricing GFG's Products
It might frustrate investors that GFG doesn't have any pricing on its website. As visitors click around the site, they're simply met with attractive products and a phone number to call.
GFG doesn't even have a live ticker with updated precious metals pricing from the stock market. It appears that GFG wants every customer to call in for any information, which creates a feeling of commitment within the investor already.
Some rough pricing for products and gold IRA fees would be helpful for the average investor. Otherwise, investors might think twice about investing in this company.
Trusting in GFG
According to the Better Business Bureau, GFG has been in business for 10 years. Additionally, the company advertises its physical address. This fact isn't necessarily common for online precious metals dealers. However, it may be difficult to trust GFG entirely.
Their website is incredibly vague with no "About Us" page. There's no story about the founders or even a mission statement. The "FAQ" page is a completely white space.
If investors weren't aware that GFG has been in business for 10 years, they might mistake this website for being under construction as a new company. It may take some extra effort on GFG's part for investors to trust in them at this point.
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Advantages & Disadvantages of GFG
Investors who want a more hands-off approach will appreciate working with GFG. One phone call to the company and GFG will set up an investor with an order right away.
However, the pricing will be verbal. It may not be locked in until payment is received too. The website doesn't go into too much detail about prices and lock periods.
GFG's charts on precious metals history are easy to understand with a good look at real movement over time. In contrast, many of the articles on the website use fear tactics to sell precious metals. This fact might turn off some investors.
Storing Precious Metals
Investors might store their precious metals in safes at home, but they don't gain the tax incentives found in a gold IRA with this strategy. Ideally, investors should work with a gold IRA depository, such as Delaware Depository, to secure their precious metals.
To hold a valid gold IRA, investors must work with an account custodian to fund and purchase precious metals. These products might come from GFG or another dealer. With a validated payment method, the dealer ships the precious metals to the depository.
This facility secures the items until they're withdrawn or liquidated in retirement. Holding precious metals in a depository is the only way to receive tax benefits found in gold IRAs.
Knowing About Government Involvement
GFG operates out of the United States, which has varying tax rates based on an investor's location. Typically, the government isn't informed of gold purchases regularly.
This asset is legal to hold at home or secured in a gold IRA depository. Depending on the purchase type, there may be taxes charged now or when the gold is liquidated in the future.
Ideally, investors should verify any tax implications with their tax professionals before making a purchase. Precious metals are designed to enhance a retirement portfolio and not to burden the taxpayer with excess charges.
Exploring Minimum Amounts With GFG
Many precious metals dealers have minimum amounts for every order. It's unclear why these companies advertise these amounts, however. GFG is different because they advertise absolutely no minimums. There aren't any references to prices across the entire website.
Presumably, discussions about pricing and minimum amounts might occur on a phone call to the company. Curious investors may need to try this strategy to find out any information about the products, shipping, and other costs.
They do mention free shipping across their main header. It's difficult to say if free shipping applies to every purchase until investors dig deeper into the website. On their "Shipping and Insurance" page, investors discover that purchases over $10,000 are covered under free shipping. Otherwise, there appears to be a charge.
Looking Through Customer Reviews
For a company that's been in business for a decade, GFG has an incredibly small amount of reviews. The BBB only reflects a single review along with one other critique on Google. Both of these reviews are positive, which certainly reflects well on GFG.
It's heartening to see no complaints on the BBB. Consumers who have real issues with a company will use this platform to voice their concerns. In addition, GFG has an A+ rating with the BBB and has been accredited since 2018. These facts are solid markers of a business's reputation in its particular industry.
Benefiting From a Gold IRA
Investors should note that GFG doesn't offer custodial or account management for gold IRAs. They deal in precious metals and offer consultation services. However, opening a gold IRA with GFG's assistance provides investors with several benefits.
Gold and other precious metals aren't tied to the stock market. Historically, when the stock market experiences a downturn, gold rises in value.
Precious metals aren't subject to inflation and deflation like paper currency either. Gold and silver can be bought and sold as tangible assets.
Lastly, precious metals can be saved and passed down to future generations. This generational wealth can accumulate over time.
Deciding on Gold Financial Group's Products
Investors may want to consider other precious metals dealers in the industry. Although GFG appears to be a legitimate company, its online presence shrouds them in mystery. Their website has very little information about them or their products, for example. GFG's social media presence is also very spotty.
If investors want to try a purchase with GFG, using a small amount may be a good way to test out their services. When investors feel they have a good deal, they can invest even further. Currently, GFG doesn't have a transparent record with the public to warrant a big investment with them.
Mitigating risk when it comes to investments is always a challenge for investors. Create an overall gain throughout the years with precious metals as part of a diversified portfolio. Investors can see a difference in portfolio value in only a few years.
Remember to read out list of the Top Gold Companies to see if Gold Financial Group made the cut.
>> Click HERE to read our Best Precious Metals Investment Companies list <<
Or, if you like what you read about Gold Financial Group, you can visit their website below.
At Digital Financing Task Force, we provide research and analysis for people that want to take control of their financial future and protect the savings that they have.
