Up to $15,000 in bonus metals
Pros
- Complimentary storage on eligible orders
- High ratings from both consumer and business platforms
- Access to historical comparisons of precious metal prices
- Competitive and transparent buy-back policy
Cons
- Higher minimum investment threshold
- Absence of pricing on website
Priority Gold has been aiding both novice and experienced investors in making prudent and informed purchases of precious metals since 2015. With specialists boasting over 20 years of combined experience, the company excels in facilitating gold IRA rollovers into both gold and silver, in collaboration with Preferred Trust Company for custody services.
Despite being a relatively new player in the gold IRA industry, Priority Gold has garnered a strong rating on both consumer and business websites. Engage with a specialist to discuss your investment objectives, and the dedicated team will assist you in diversifying your portfolio with gold and other precious metals.
Investing with Priority Gold
To initiate a self-directed gold IRA, a minimum investment of $20,000 is required. Reach out to Priority Gold and consult with a specialist who will assist you every step of the way. They will detail your investment choices and aid in completing your IRA custodial account application. Following that, your designated specialist will facilitate the funding of your precious metals IRA through a 401(k) to IRA rollover.
Following that, you’ll proceed to select your preferred metals and initiate the order for the gold and silver assets of your choice. Priority Gold’s specialists are financial professionals, not mere sellers. They collaborate with you to pinpoint assets that align most effectively with your investment objectives, empowering you to retain control over your investment decisions.
When acquiring gold or silver for your IRA, you have various options available. Nonetheless, it’s crucial to ensure that the metals you select comply with specific IRS regulations. Collectible or rare coins, such as graded or certified ones, are ineligible for inclusion in a precious metals IRA. As of the publication of this review, Priority Gold offers 18 IRA-eligible products online to facilitate the funding of your IRA.
If you’re interested in purchasing physical metals, Premier Gold provides a listing of its gold and silver inventory online. However, prices are not displayed upfront. Instead, you’ll need to select an investment amount ranging from $10,000 to $100,000 before adding the desired metal to your cart.
Priority Gold has confirmed that they offer platinum and palladium products as well, although these are not listed online. If you opt to take physical possession of your metals instead of funding an IRA, you’ll need to decide whether to have them shipped to a bank safety deposit box, or a secure storage depository, or your address for storage in your home safe. Regardless of your choice, it’s essential to store your precious metals securely and properly.
Buy Back Policy
Priority Gold simplifies and makes the process of liquidating your precious metals both easy and cost-effective. The company provides two options for selling part or all of your investment portfolio. For quick transactions, Priority Gold can repurchase your metals at the prevailing wholesale bid price. Alternatively, if you wish to maximize profits, especially on Investment Grade and Numismatic products held for 60 months or longer, you can opt for the consignment process. Under this process, you sell your products to Priority, which then secures another buyer on your behalf. Priority Gold charges an 18% fee for this service.
Fees
The trust company imposes an initial setup fee of $50 along with an annual fee of $125. However, if you roll over a minimum of $50,000 from your IRA account to precious metals, Priority Gold will cover your first year of storage fees, ranging from $100 to $175, as well as administration fees. Additionally, the trust company may apply processing fees, up to $40, if you opt to ship or sell your investments.
Priority Gold refrains from publishing its gold or silver prices online. Nevertheless, their website features a real-time price chart for precious metals. This tool allows you to compare the current price of gold with respect to the U.S. dollar, S&P 500, oil, or Dow Jones, facilitating informed decision-making.
Customer Support
Priority Gold provides support via phone and email. Phone assistance is available from 8 a.m. to 6 p.m. CST, Monday to Friday.
Phone: 888-506-6439
Email: info@prioritygold.com
Additionally, you can utilize an online form to reach out to the company. Accessing support is hassle-free, as I was connected over the phone in less than a minute. The company’s website offers a plethora of useful resources, such as a glossary, a blog, price charts for precious metals, links to investment information, guides, and additional informative content.
Consumer Rating
Priority Gold stands out as one of the nation’s leading precious metals dealers, earning accolades such as an A+ rating with the Better Business Bureau and a remarkable 4.7-star rating, which is among the highest in the industry. With only two listed complaints, both resolved satisfactorily, the company demonstrates a commitment to customer satisfaction. Additionally, Priority Gold holds an AAA rating from Business Consumer Alliances and garners a stellar 5-star rating on Trustlink, further underscoring its reputation for excellence.
Bottomline
Priority Gold caters primarily to individuals seeking to diversify their portfolios by incorporating precious metals investments into their IRAs. It’s an ideal choice for customers with a modest budget, as the minimum investment requirement is only $10,000.
Priority Gold is also an excellent option for individuals interested in expanding their knowledge of investing in precious metals. The company prioritizes educating customers about the advantages of investing in these assets, rather than solely focusing on sales.
Moreover, it’s a favorable choice for consumers seeking to sell gold and silver, as Priority Gold provides various avenues to cash out investments. These options encompass selling on the open market, utilizing consignment services, and opting for immediate liquidation.