Priority Gold: Helping Americans Diversify Their Retirement

Priority Gold is a precious metals dealer headquartered in Dallas, TX, with an additional office in Los Angeles, CA. They pride themselves on their commitment to customer excellence and offer transparent pricing, free shipping, and secure storage options to ensure that.

Priority Gold has established a strong reputation in the gold IRA industry, emphasizing their commitment to customer support and the availability of educational resources for investors.

When supporting customers with their precision metal investments, Priority Gold really places a focus on client education to ensure their customers know exactly what is happening with their Gold IRA. They also have first-class investor resources to benefit their client accounts too.

Proudly displayed on their websites are some of the accolades they have achieved in recent years, including:

• 2024 Precious Metals Dealer of the Year
• A+ Rating with the BBB
• AAA Rating with the Business Consumer Alliance
• 5-Star Rating from TrustLink

Pros

• Low minimum investment for you to get started with.
• They have really solid customer support, you you can get the assistance you need.
• They also offer free investor kits.

Cons

• There appears to be a lack of fee transparency online, so you’ll want to call ahead to check on the fees you should expect.
• There is no online application process.

Investing in gold and silver offers several advantages that can enhance your retirement portfolio and provide financial security.

Diversifying Your Retirement Portfolio

One of the primary benefits of investing in gold and silver is the ability to diversify your retirement portfolio. Physical precious metals act as a hedge against inflation and market volatility, providing a stable store of value during economic downturns. By including gold and silver in your retirement account, you can reduce the overall risk of your investment portfolio and protect your savings from market fluctuations.

Additionally, gold and silver have historically maintained their value over time, making them a reliable long-term investment. The tax benefits associated with Gold IRAs, such as tax-deferred growth and potential tax-free withdrawals with Roth IRAs, further enhance the appeal of investing in precious metals. Before making any investment decisions, it’s essential to conduct thorough research and consult with a financial advisor to ensure that a Gold IRA aligns with your retirement goals.

By following this structured approach, the new sections will seamlessly integrate into the existing article, providing valuable information while maintaining consistency in tone and style.

A Gold IRA, also known as a Precious Metal IRA, is a specialized type of individual retirement account that allows investors to hold physical gold and other approved precious metals as part of their retirement portfolio. Unlike traditional IRAs, which typically invest in stocks, bonds, and mutual funds, a Gold IRA provides the unique advantage of diversifying your retirement savings with tangible assets like gold coins and bullion. This type of account offers the same tax advantages and contribution limits as a traditional IRA, making it an attractive option for those looking to hedge against market volatility and inflation.

Definition of a Gold IRA

A Gold IRA is a self-directed individual retirement account that permits investors to hold physical gold, silver, platinum, and palladium. This type of IRA gives investors more control over their retirement investments, allowing them to diversify their portfolio with physical precious metals. By holding physical gold and other precious metals, investors can protect their retirement savings from economic uncertainties and market fluctuations.

How Gold IRAs Work

Gold IRAs operate similarly to traditional IRAs, with the key distinction being the ability to hold physical gold and other precious metals. To open a Gold IRA account, investors must work with a custodian or brokerage firm that specializes in self-directed IRAs. Once the account is set up, the custodian will purchase the physical gold on behalf of the investor and store it in a secure, IRS-approved depository. Investors can also choose to include other precious metals, such as silver and platinum, in their Gold IRA. This approach allows for a diversified investment strategy that can provide stability and growth potential over the long term.

Types of Gold IRAs

There are several types of Gold IRAs available to investors, each with its own set of benefits:

• Traditional Gold IRAs: These accounts are funded with pretax dollars, and the investments grow tax-deferred until withdrawals are made during retirement. This type of IRA is ideal for those looking to reduce their taxable income in the present while saving for the future.
• Roth Gold IRAs: Funded with after-tax dollars, Roth Gold IRAs offer tax-free withdrawals during retirement. This option is beneficial for investors who anticipate being in a higher tax bracket in the future, as it allows for tax-free growth and withdrawals.
• SEP Gold IRAs: Simplified Employee Pension (SEP) Gold IRAs are designed for small business owners and self-employed individuals. These accounts allow for higher contribution limits compared to traditional IRAs, making them an excellent choice for those looking to set aside significant funds for retirement.

Priority Gold deals in both gold and silver and offers precious metals IRAs to their customers, in the form of both Gold IRAs and Silver IRAs. Priority Gold offers a range of precious metals IRA options, including both Gold IRAs and Silver IRAs, to help customers diversify their retirement portfolios. In terms of the coins and bullion they sell, they deal in both gold and silver only, with no platinum or palladium on offer.

In order to get your Gold IRA set up, Priority Gold works with reliable custodians, such as STRATA Trust Company. They also have a range of storage options via both Delaware Depository and Brinks. This gives you the peace of mind and security that your investment is safe and protected.

In this Buy Gold IRA Guide, we want to ensure that you choose the right provider for your investment. To help you, we’re now going to look into the fees that Priority Gold offers. At the time of publication, their website does not clearly list any setup or maintenance fees for their services.

In order to get a fair understanding of the fees you are likely to pay with Priority Gold, it’s important to call and enquire so you can check. While there does appear to be a lack of transparency here, they do offer free consultations for custom quotes.

While you are liaising with them, make sure to ask about any markups or spreads that may be applied to your investment. That way, you get total transparency and know that you’re working with one of the top-rated gold IRA companies.

Priority Gold certainly takes their customer care very seriously. With a number of outstanding accolades, it’s clear to see that they offer excellent customer service. Their education-first approach is also promising, as this will enable you to be well-informed with your precious metal purchases.

In terms of the best Gold IRA companies reviews, Priority Gold is also highly ranked. To demonstrate this, take a look at the ratings below given by real customers who have already done business with them.

BBB Rating: A+ (based on over 50 reviews)

Trustpilot: Rated ‘Great’ with 4.1 stars

Some of their standout testimonials from customers are:

‘Priority Gold helped me understand the markets, and personally walked me through the purchasing process. The IRA department was extremely helpful with helping me with the paperwork and the precious metals specialists helped me choose the best product for my portfolio. Overall I would recommend Priority Gold's services as I plan to use them for my precious metal needs in the future.’

‘Excellent customer service!! Very knowledgeable, very personable, very responsive. Priority Gold, everyone I spoke to from the receptionists to Jim & Dave were they absolute best. (10 out of 10 rating). I moved all my business to Priority Gold from the previous company due to the previous companies failure in every category when I dealt with them plus after checking out other companies!’

‘Priority Gold gets 5 stars!!! This company worked diligently on a complicated account transfer, on my behalf. In the process, certain issues arose which precluded this transfer in an efficient or cost-effective manner. Without receiving any benefit from me (no account transfer, no resultant fees, etc.), they advised me through a difficult resolution which ultimately saved me thousands of dollars. They did this for no benefit whatsoever to Priority Gold. Who does that? Priority Gold did that.’

Here, you can see that Priority Gold stands out as knowledgeable and helpful from the Gold IRA companies' reviews they’re receiving!

If you’re considering opening an account with Priority Gold, it’s important to make sure that you fully understand the process. To get started, they recommend that you call up and request your free guide or kit. This will provide you with a wealth of background information before you begin. You can then speak with one of their precious metals specialists to help you open your account and get started.

It’s also important to note that they don’t offer an online application, so bear that in mind. However, they do offer support if you’re looking to do an IRA rollover, so this will be useful should you wish to make any transfers from any qualifying retirement accounts you already have.

To make sure that your Gold IRA investment is safe and protected, Priority Gold partners with leading insured depositories such as Brinks and Delaware Depository. The secure depositories they work with are all government-approved facilities to ensure that your physical precious metals are stored securely and are compliant.

They also make sure that you choose the right IRS-approved custodian, such as STRATA Trust, for example. This ensures that your account is compliant with all tax regulations.

You can also rest assured that your precious metals are all fully insured during both transit and storage. Priority Gold knows that it’s important for your retirement funds to be protected, so this is of the utmost importance to them.

When you’re looking at Gold IRA companies' reviews, one of the things you might be on the lookout for is the promotions or offers that are currently available. While this may be subject to change, Priority Gold is currently offering “Up to $10,000 in free silver” with a qualifying investment. However, when looking for your Gold IRA provider of choice, make sure to call ahead to check on what the current promotions and offers are.

As one of the top-rated gold IRA companies, Priority Gold also offers free gold and silver investor guides to its customers. This allows you to be fully educated and informed before making any precious metal purchases. With the emphasis that Priority Gold places on customer excellence and education, you will be in good hands – their reviews speak for themselves.

So what’s our final verdict? When looking at the top-rated gold IRA companies, Priority Gold certainly comes out strong.

Is Priority Gold a good fit? We believe so! Receiving the Precious Metals Dealer of the Year for 2024 really shows their commitment to their customers and the work they do. They are also rated highly among the BBB, Business Consumer Alliance, and TrustLink.

Best for: First-time Gold IRA investors who value personalized service and education.