With a rocky economy, traditional investments can often lead to big losses. That is why many investors are turning towards alternative investments like precious metals, which can maintain their worth during volatile economic periods. While precious metals are a great option, you do need to have some knowledge of this type of investing and finding a good broker is a large part of this.
If you’re looking to diversify your retirement account, you will likely do a web search for precious metals brokers and you’ll come across many different companies. Finding the right one can seem daunting, which is why we continue to review the various companies that are out there.
Today we are going to do a United Gold Direct Review to help you make the decision if this company is the right precious metals broker for you.
United Gold Direct Background
United Gold Direct has been in existence for over 25 years. Unfortunately, there is not a lot of information about the brains behind the business, but they consistently get positive reviews and are seen as a reliable IRA investment company.
According to their website, United Gold Direct holds memberships with several industry organizations, including:
- The Industry Council on Tangible Assets (ICTA)
- The Professional Coin Grading Service (PCGS)
- The American Numismatic Association (ANA)
- Numismatic Guaranty Corporation (NGC)
The employees at United Gold Direct are experts in precious metals and IRA accounts and they provide clients with extensive education, which allows them to make the best decisions for their financial situation.
United Gold Direct Website
The United Gold Direct website is easy to use and very new investor friendly. Every heading is clearly labeled, and includes the following:
- Precious metals IRA
- 401(k) Rollover
- Approved Coin
- Gold Storage
United Gold Direct Products
United Gold Direct offers customers a variety of services and products, including:
- Education-Employees have extensive knowledge of the precious metals industry and they are happy to share this information. This helps customers to make the best decisions for their investment portfolio.
- Asset Rollover-United Gold Direct can help you to transfer your assets into a more secure IRA account. While they are known as a precious metals dealer, they can absolutely help you to rollover your pre-existing 401(k) into something more secure, including working as a middleman between the banks and credit unions and trust companies.
- Bullion-You can purchase bullion directly from the United Gold Direct website. You can have your purchases either sent directly to your home or to the Delaware Depository.
- Payment options-You can pay for your purchases in one of a few convenient methods, including cashiers checks, wire transfers, and personal checks up to $10,000.
United Gold Direct IRA
A gold IRA works similarly to a traditional IRA, except that you will be dealing in alternative investment options like precious metals. Each investor will be assigned an account executive who is an expert in precious metals and their value.
United Gold Direct account agents will direct customers through the entire investing process, but the website does not disclose what that involves.
United Gold Direct Pricing
United Gold Direct is very transparent with their pricing. One great thing about this company is that their employees do not have to work to earn a commission, which means that you are getting a fair price for your gold IRA account. The listed costs are as follows:
- Initial Setup Fee = $75+ (The price increases depending on what assets you roll over into your account.)
- Annual Admin Costs = $95
- Annual Storage Rates = $100 – $250 (Dependent on the amount of bullion you are storing)
- Minimum Purchase Amount = $5,000
United Gold Direct FAQ’s
- Is United Gold Direct legitimate?
Yes, United Gold Direct is a legitimate company with over 25 years in the industry. They do keep their cards close to their chest, so it isn’t super easy to find background information on them, but they are definitely a legit company.
- Who is United Gold Direct a good choice for?
Because of the lack of information surrounding United Gold Direct, completely new investors may want to look elsewhere, only because investing can be daunting. However, taking a chance with them can be a good thing, especially with their business model and education.
- What is the minimum investment?
To invest with United Gold Review, you will need to have a minimum of $5,000 to open an IRA account.
- Does United Gold Direct have a buyback program?
No, unfortunately United Gold Direct does not have a buyback program.
Final Verdict: Is it Worth Investing with United Gold Direct?
The lack of reviews and company information online does offer up some pause to customers looking at United Gold Direct for their precious metals investment needs. However, we do feel that United Gold Direct is a reliable and safe choice for investors who may have a little bit more experience in the investment world.
Of course, with any decisions on your investments, you should consider your own individual needs and budget before you slap down any of your precious money.