Last Updated on March 16, 2023 by George
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One of the most reputable and trustworthy precious metal investing companies is Gold Gate Capital, which is based in Los Angeles. This business specializes in IRAs and retirement products built on the dependable and durable foundation of silver and gold.
Gold Gate Capital was established more than ten years ago. One of the most prominent precious metal investment organizations in the country, many of its clients have picked it as a secure harbor for their silver and gold investments.
During economic downturns, the stock market will depreciate quickly while silver and gold will keep gaining.
Its devoted clients trust the representatives of Gold Gate Capital to offer honest guidance.
Before we get started with this review:
You know how challenging it is to choose a business you can entrust with your hard-earned savings. They create educational and helpful content, so you have all the knowledge you need to make the best choice.
Do you want to spread out your investment portfolio? Or would you like to protect your purchasing power or your retirement more? Self-directed IRAs for precious metals continue to gain popularity for excellent reasons.
Like standard IRAs or 401(k)s, self-directed IRA accounts function similarly. But instead of investing your money in volatile bonds and stocks, these accounts will be backed by genuine precious metals like gold and kept in safe, secure, IRS-approved facilities.
Here is a short introduction to a self-directed IRA in case you need further information. Two significant advantages to self-directed IRA accounts are more control and a more extensive selection of investing alternatives.
- Precious metals, including palladium, platinum, silver, and gold
- Real estate
- Corporate debt
- Private businesses and more
A Reliable Track Record of Steady Performance
Since precious metals are recognized as tangible goods with intrinsic value, they are not merely printed as promises. That is why self-directed precious metal IRAs are so effective.
Gold’s worth typically increases when a bond or the value of the dollar declines. Putting a portion of your retirement savings into one or more precious metals could help balance your portfolio and increase its value over time.
One of the worst stock market falls in history occurred in the U.S. from 2007 to 2009. Nearly 60% of Americans who had saved for retirement lost some or all of their money. Even while the S&P 500 continued to decline, the price of gold increased.
Silver showed its resilience during an economic crisis during the recession from 2008 to 2012 when the value increased by about 450%.
And those who had the insight to invest in gold or silver were rewarded and protected as a result.
The future behavior of the international financial markets cannot be predicted with any degree of precision. However, the most recent changes can signify that a bear market is about to start.
Historically, every commodity classified as precious has offered a solid hedge regarding economic downturns. Your retirement money may be protected from these risks if you move them into one of these precious metals IRAs.
What are the Benefits of Precious Metals IRAs?
- Your retirement investments will be better protected against market volatility with diversification.
- Investors benefit from keeping purchasing power thanks to the inverse relationship -between precious metals and the U.S. dollar.
- Future benefits are strongly influenced by sustained demand and a constrained supply.
The procedure of converting a qualifying IRA, 401(k), or another type of retirement account into an IRA secured by one or more precious metals is simple.
Gold Gate Capital: How to Get Started
To begin working with Gold Gate Capital, you must first decide how to pay for a self-directed precious metal IRA account. Gold Gate Capital advises starting with a $10,000 value (at the least).
The accounts that qualify for a rollover are listed below:
- Roth IRA
- Traditional IRA
- Eligible 401(k), 457, 403(b), or TSP
- Simple or SEP IRA
Furthermore, you should be aware that, similar to traditional IRAs, you can transfer any of your retirement funds to a self-directed precious metals IRA without incurring any tax repercussions.
You will be guided through each step of the procedure by a Gold Gate Capital specialist as you transfer your money to Equity Trust Company, a licensed, recognized custodian that deals with precious metals IRAs.
Your chosen custodian will aid you in streamlining tax compliance, ensuring that your investment is lawful. Gold Gate Capital has an A+ rating from the BBB because they hold all custodians to the highest standards (Better Business Bureau).
The precious metals you want to invest in should be chosen.
For you to make an informed choice on your retirement schedule and objectives, your Gold Gate Capital specialist will offer suggestions and information.
Due to their established track record as investments, four precious metals are currently permitted for IRAs. Silver, gold, palladium, and platinum fall within this category.
Complete the transaction
Your professional will help you with the deal closing after assisting you with the necessary documentation. The chosen precious metals are subsequently delivered to a reputable depository.
Your designated custodian will finalize the transaction, manage the paperwork, and carry out withdrawals.
Additionally, they will monitor the accounts they are in charge of and ensure that your precious metal valuables are kept where they should be.
Storing Your Precious Metals at a Depository
Your Gold Gate Capital expert will cover the storage options you have.
The largest non-government, non-bank storage facility for precious metals in the world is Brink’s Global Service, or the Delaware Depository, where precious metals can be insured up to a maximum of $1 billion.
Checking in on Your Investments
Even after your transaction is complete, your Gold Gate Capital professional will stay in touch to provide you with the most recent buy-back rates. Compared to the statements your custodian will send you, these quotes are typically more accurate.
It is advised against losing all your retirement funds by consolidating them into one account. When it comes to diversification, precious metal investments offer a safer option. It can also serve as a buffer against stock market swings, the volatility of the U.S. currency, and any other form of economic unpredictability.
Fees and Pricing with Gold Gate Capital
Knowing what you anticipate paying for goods and services might be helpful. Unfortunately, Gold Gate Capital’s website needs to provide up-front details on the costs and pricing.
Only after getting in touch with the business will you be able to learn about these costs and fees. You will know the costs and expenses associated with managing your assets after you’ve rolled over your IRA.
Is Gold Gate Capital Considered a Scam?
The business Gold Gate Capital is authentic. The Better Business Bureau has accredited this business, indicating that the BBB has investigated it and confirmed that it is running legal activities.
On Trust Link, reviews of Gold Gate Capital have also been left by customers. Many people have noted how excellent the services this company offers are.
Additionally, Gold Gate Capital collaborates with Kingdom Trust to provide custodial services. In terms of offering expert custodial services, Kingdom Trust is a business with a good reputation.
Final Thoughts – Gold Gate Capital Review
Even though Gold Gate Capital is not a fraud, we do not suggest them. Like other firms we have discussed, they are not the ideal choice for buying gold and are not the best choice for precious metal IRAs.
Their primary offering is precious metals IRAs, which are intended to safeguard an investor’s savings—an aim that demands careful consideration.
There isn’t enough information on their website to allow you to make an informed choice.
When making crucial decisions regarding your financial security, it’s vital to only work with the best organizations with a strong customer service track record, like the ones we recommend based on our research and reader comments.