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Late-night television often showcases advertisements from companies touting the benefits of precious metal investments. For those looking to diversify their portfolios with gold, silver, platinum, or palladium, it’s crucial to choose a reputable company with stellar customer reviews.
Opening a precious metal investment account requires setting up a self-directed IRA approved for precious metals, which operates under different regulations than traditional IRAs.
Navigating the IRS rules for Gold IRAs can be challenging. Partnering with a trustworthy company can ensure compliance and peace of mind. In-depth reviews of companies like Preserve Gold Group can guide you in making an informed decision.
Continue reading for our comprehensive review of Preserve Gold Group.
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 Preserve Gold Group passed our strict customer service standards to become one of our top recommendations.
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About Preserve Gold Group
Preserve Gold Group is a recent entry into the precious metal investment business, but the company's executives have a combined 30 years of industry experience.
Located in Woodland Hills, California, Preserve Gold Group offers gold, silver, platinum, and palladium for sale.
Investors can browse their selection of IRA-approved precious metals and set up a precious metals IRA. Preserve Gold offers a free investors guide to new clients.
Founded in July 2022, Preserve Gold Group strives to offer five-star customer service. They promise to act with integrity, fairness, transparency, quality, and consistency. The Preserve Gold Group experts focus on building relationships and educating customers so investors feel confident in their decisions.
About the Founders
Daniel Boston founded Preserve Gold Group in 2022. Before starting the company, Boston was a Senior Director at American Hartford Gold. Jennifer Good also is listed as an owner of Preserve Gold Group. There isn't much information about Preserve Gold Group's founders online, possibly because the company is new.
Pricing and Fees
Preserve Gold Group's online product catalog provides information about different IRA-approved and non-IRA precious metals. The catalog does not provide current prices.
If you want prices for particular products, you must contact the company or fill out the online form. On the company website, an interactive price chart lists historic and current prices for gold, silver, platinum, and palladium.
Preserve Gold Group also does not post a fee schedule on its website. They claim to offer full-price transparency for all costs and fees associated with their accounts, but the fees and costs are not available on their website.
They do offer free insured shipping for all purchases. The company does offer a no-fee buyback policy and price matching with competitors' prices. Unlike other precious metal sellers, the company offers a 24-hour cancellation policy.
Available Products and Services
Preserve Gold Group's website clearly labels products that are IRA approved. Customers may limit their search to IRA-approved precious metals. Investors can purchase popular products such as:
This is a brief list of IRA-approved precious metals offered by Preserve Gold Group. Buyers also may purchase non-IRA coins like the Liberty Head Double Eagle.
All IRA-approved purchases must be stored in an approved depository under the management of a precious metal custodian. Preserve Gold Group works with custodians and depositories that have been in the industry for decades.
Gold IRAs
If you already have a retirement plan, you might be wondering why you should open a Gold IRA. During economic crises like stock market slumps, rising inflation, or threats of government shutdowns, precious metals tend to remain stable or increase in value. If there is a political crisis like a war or a global pandemic, the value of your precious metal investments may climb.
Preserve Gold Group can help you set up and transfer funds into a precious metal IRA. The company's specialists can help you transfer or rollover your current retirement account into a Gold IRA.
If you have a conventional IRA, 401(k), 403(b), or tax-sheltered annuity, you may be able to transfer or roll over your account into a traditional or Roth Gold IRA. If you don't have a retirement account, you can open a new Gold IRA and fund it with a cash deposit.
When you set up a precious metal IRA, you'll need to choose an approved custodian to manage your investments. Investors also must store their precious metals in an approved depository or a safe deposit box in an FDIC-insured bank.
This brings up the question, "Is a gold IRA FDIC insured?" The answer is no, and that is a good thing because gold has intrinsic value, it has never gone to zero and it's value has lasted much longer than any government program like the FDIC.
To set up your Gold IRA through Preserve Gold Group, you'll need to contact one of their specialists. You will need to choose an approved custodian to manage the account. Preserve Gold Group works with Goldstar Trust Company and Horizon Trust Company for Gold IRA custodianship.
Once you select your custodian, you will pick a depository to store your precious metals. Preserve Gold Group works with Texas Precious Metals Depository, Delaware Depository, and International Depository Services.
Direct Sales
Preserve Gold Group offers direct sales of gold and other precious metals. You can have your purchases shipped directly to your chosen depository. Some investors prefer to have physical access to their investments.
If you prefer to take physical possession of your purchases, make sure you are following the IRS's regulations. Physical ownership can protect your investments against financial mismanagement, financial crimes, and other third-party risks.
Customers can start their purchases by browsing Preserve Gold Group's online product catalog. Then, fill out the online form or contact one of the company's wealth preservation specialists. The company's specialists will assess your goals and budget. They'll build a custom portfolio and recommend items to purchase.
Payment Methods
Preserve Gold Group accepts the following payment methods for purchases:
After your payment clears, the specialist will contact you with tracking numbers. All purchases are insured and shipped through UPS. Preserve Gold Group uses discrete labels. Your account specialist will contact you after you've received your purchase to ensure that you are satisfied.
Is Preserve Gold Group a Scam?
Preserve Gold Group is not a scam. The company received an A- rating from the Better Business Bureau. They have an average rating of 4.92 out of 5 stars on the BBB website.
Customer reviews mention their friendly service that helps new investors build their confidence and knowledge. Other reviews mention Preserve Gold Group's market knowledge and professionalism.
On the customer review site Trustpilot, Preserve Gold has an average rating of 4.6 out of 5. Customer reviews praise the company's 24-hour cancellation policy.
Reviews from new investors mention that Preserve Gold Group's employees were patient and thorough when educating new customers. One recent four-star review did not say anything negative about the company.
On the Trustpilot site, customers will find a promo code. This promo code offers up to $25,000.00 in free gold and silver plus free shipping with insurance on your first order.
Consumer Affairs gives Preserve Gold Group a five-star rating. With over 28 reviews, customers praise the company's excellent customer service and education. Investors also cite the three-day funding timeframe for IRAs.
Preserve Gold Group does not have any reviews on Yelp or Google. The company has two Facebook pages. Neither page has any customer reviews.
Our Rating
Pros & Cons of Preserve Gold Group
PROS
CONS
How to Contact Preserve Gold Group
Customers can reach specialists at Preserve Gold Group by calling their toll-free phone number. Specialists are available to answer questions from 7 a.m. to 6 p.m. Pacific Standard Time. Customers also may email them at info@preservegold.com.
Final Thoughts
Preserve Gold Group is a newer company that prioritizes investor education and customer service. Customer reviews indicate that Preserve Gold Group's wealth management specialists are skilled at working with new investors.
Many positive reviews cite the specialists' patience and professionalism. New investors may appreciate the 24-hour cancellation policy and the no-fee buyback policy.
Although Preserve Gold Group is a young company, its wealth management specialists work with custodians and depositories with a long history in the industry.
Preserve Gold Group's website is easy to navigate. The online product catalog features clear images of available products. However, customers need to contact Preserve Gold to obtain pricing information.
New investors may find the educational information and news articles on the website to be useful. The site also features a live pricing chart showing historic and current prices. A required minimum distribution calculator can help investors plan for retirement.
Remember to read out list of the Top Gold Companies to see if Preserve Gold Group made the cut.
>> Click HERE to read our Best Precious Metals Investment Companies list <<
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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.
