- A+ BBB rating
- Price matching
- Person-first approach
- Risk-free transactions
- U.S investors only
- No buyback guarantee
If you are contemplating a precious metals IRA, is Allegiance Gold one of the companies you should consider?
Spoiler alert: yes! The company offers one of the widest selections of bullion coins for your IRA, as well as a purchase price match, ensuring you get the best price on your metals purchases, and a free metals bonus when you open a new account.
But as is common with precious metals dealers, the company is not transparent in its precious metals’ transactions fee structure.
Learn more in this Allegiance Gold review.
The Verdict for Allegiance Gold
I’ve given them a rating of 8 out of 10.
Allegiance Gold is a precious metals dealer offering precious metals IRAs through three different custodians. Though the metals are purchased through Allegiance Gold, they are held by the custodians.
Allegiance Gold has top ratings among the major third-party rating agencies, and one of the widest selections of precious metals available.
In our Allegiance Gold review I’ve considered the following criteria in evaluating this company:
Category | Rating (out of 10) |
---|---|
Product & Service Offerings | 9.5 |
Pricing & Fees | 8 |
Guarantees | 8 |
Customer Experience | 8 |
Storage & Security | 9.5 |
Account Setup & Maintenance | 8 |
Reputation & Reviews | 9.5 |
Overall Rating | 8 |
In this review of Allegiance Gold, I’ve followed GIC’s detailed criteria for evaluating the precious metals IRA company.
About Allegiance Gold
Based in Calabasas, California, Allegiance Gold is a precious metals dealer offering gold, silver, platinum, and palladium in both bar and coin form.
Coins are available in both bullion and numismatic versions. You can hold bullion coins and bars in a precious metals IRA.
Allegiance Gold offers the widest selection of IRA accounts, including traditional, Roth, SIMPLE, SEP, beneficiary, and minor IRAs.
Allegiance Gold has been in business since 2013 and has high ratings from customers on popular third-party rating platforms, such as the Better Business Bureau, Google, and Trustpilot.
In addition to IRA accounts, you can also purchase bullion and numismatic coins for personal possession.
Product & Service Offerings
Though Allegiance Gold offers precious metals for direct sale outside of a retirement account, the precious metals IRA is its primary offering.
Custom Precious Metals IRA
Referred to alternatively as the precious metals IRA and gold IRA, Allegiance Gold IRAs are available for traditional, Roth, SIMPLE, SEP, beneficiary, and minor IRA plans.
The minimum initial investment in an IRA is $10,000. That can be funded with cash (subject to IRS maximum contribution limits) or transfers from retirement accounts held elsewhere, such as an employer-sponsored retirement plan for another IRA.
Eligible precious metals include gold, silver, platinum, and palladium bullion.
Acceptable coins for IRAs include:
- American Eagle gold and silver coins
- Canadian Maple Leaf
- Mexican Libertad
- Australian Kangaroo
- Austrian Philharmonic
- Chinese Panda
- Australian Lunar series
- Credit Suisse
- US Buffalo bullion coins
Gold and silver bullion bars, ranging from 1 to 100 ounces, are also eligible.
Non-IRA Purchases
Allegiance Gold doesn’t devote much website space to purchases of precious metals outside of an IRA.
However, they do offer a wider variety of gold bullion coins, some of which may not be available for an IRA.
That includes numismatic gold and silver coins, like the $20 Saint-Gaudens Gold 1 ounce coin, the $20 Liberty Gold coin, and the Five Dollar Indian Head and Five Dollar Liberty coins.
Precious metals purchases outside an IRA can be paid for using a credit card, PayPal account, check, or bank wire.
If you use a check or bank wire, the funds will need to clear Allegiance Gold’s account before they will be eligible to make purchases.
Fees & Pricing
When you open a precious metals IRA with Allegiance Gold, you should expect to incur the following charges:
Setup fee for IRA | $50 (one-time, only for IRA account set-up, not cash purchases) |
Wire transfer fee | $25 |
Custodian administration fee | $75 < $100,000, $125 > $100,000 (annually) |
Storage fees | $100 for non-segregated or $140 for segregated per year |
- Price matching: Allegiance Gold will match a better price you find with a competing metals dealer.
- 3-day cancellation policy: When you purchase precious metals from Allegiance Gold, you can cancel the transaction within three days, with no questions asked.
Current Promotions
Allegiance Gold is offering the following promotion to new customers for the initial transaction:
- $500 in Free Metals for purchases of Metals of $50,000.00 to $99,999.99.
- $1,000 in Free Metals for purchases of Metals of $100,000.00 to $249,999.99.
- $2,500 in Free Metals for purchases of Metals of $250,000.00-$499,999.99
- $5,000 in Free Metals for purchases of Metals of $500,000.00 or more.
Guarantees
Allegiance Gold offers its buyback policy, but it does not guarantee that they will repurchase your precious metals.
The policy states the following:
“You can request to sell back any metals that you bought from us at any time. We will evaluate your request and may decide to purchase the metals. We do not guarantee that we will make an offer to purchase. If we make an offer to purchase any metals, our offer will be based on our determination of business conditions, and the current and projected market value for the item(s).”
Customer Experience
Allegiance Gold customer contact is available by phone at (844)790-9191, Monday through Thursday, 7:00 AM to 5:00 PM, and Friday, 7:00 AM to 4:00 PM, Pacific time.
You can also contact the company by email at [email protected] .
The website does offer FAQs and an adequate amount of educational resources to help investors better understand the risks, rewards, and intricacies of investing in precious metals.
Storage & Security
Like most precious metals IRA companies, Allegiance Gold does not take custody of the metals held in your account.
Instead, your metals are held in storage with one of three precious metals depositories, one of which is Delaware Depository, based in Wilmington, Delaware.
The others are STRATA Trust Company and International Depository Services, which has storage facilities in Delaware, Texas, and Canada.
Using the depositories, the custodian will provide quarterly physical statements that list your holdings.
The metals held in a precious metal IRA are required to be held by a custodian in this manner.
All three custodians offer 100% insurance against all loss, damage, theft, or other liability.
They maintain high security storage facilities and a $1 billion insurance policy through Lloyd’s of London.
Account Setup & Maintenance
Setting up an Allegiance Gold precious metals IRA is a three-step process:
- Open an IRA account with one of the three IRA custodians Allegiance Gold works with, using either a paper application or the individual custodian’s online portal. You will need to present a valid state issued driver’s license, passport, or military ID which must include a government-issued photo ID.
- Fund your account, which can also be accomplished by rolling over funds from other retirement accounts, such as an IRA, 401(k), 403(b), or TSP. (There are no taxes or penalties when you do a direct rollover of retirement assets from one plan to an Allegiance Gold IRA.) You can also fund your account making annual IRA contributions, by wire or by check
- Provide investment direction for the type of investments you wish to hold in your IRA. If you have determined that direction, the IRA custodian will execute the transactions for you.
Reviews & Reputation
Allegiance Gold enjoys highly favorable ratings among various third-party sources:
- Better Business Bureau: A+, the highest rating given.
- Trustpilot: 4.8 out of five stars among 72 reviews.
- Google listing: 4.9 out of five stars among 63 reviews.
- TrustLink: 5.0 out of five stars among 50 reviews.
Allegiance Gold Alternatives & Competitors
If Allegiance Gold doesn’t seem like a good fit for you, check out competitors, including the following:
Our Rating:
4.8
|
Our Rating:
4.5
|
Our Rating:
4.2
|
Minimum for IRA transfers:
$25,000
|
Minimum for IRA transfers:
$2,000
|
Minimum for IRA transfers:
$10,000
|
Goldco
Like Allegiance Gold, Goldco has top ratings from third-party rating services, including the BBB. It also offers its Highest BuyBack Guarantee, as well as a silver bonus of up to 10% of the amount of limited mintage coins purchased for a precious metals IRA.
Goldco requires a $25,000 minimum initial investment for a precious metals IRA. The drawback with Goldco is that they offer a more limited coin selection than Allegiance Gold.
Request Goldco’s free gold & silver kit
Noble Gold Investments
Noble Gold Investments offers gold, silver, platinum and palladium bullion for your IRA. It also enjoys an A+ rating from the Better Business Bureau, but has more limited gold and silver options than its major competitors.
They also limit custodial options to a single provider, IDS. The minimum required to open an IRA account is $20,000.
Request Noble’s free gold guide
Birch Gold Group
Birch Gold Group offers numismatic coins for non-retirement accounts, as well as bullion coins and bars for IRAs. The company has an A+ rating from the Better Business Bureau and has been in business since 2003.
Birch Gold offers a precious metals bonus of up to $10,000, as well as one of the smallest minimum initial IRA investments in the industry, at $10,000.
Request Birch’s free gold info kit
Is Allegiance Gold a good company?
Based on the many precious metals investments offered by the company, as well as its uniform top ratings from the Better Business Bureau and other third-party rating services, Allegiance Gold appears to be one of the better providers in the precious metals IRA space.
Who are the founders of Allegiance Gold?
The co-founders of Allegiance Gold are Mark Naaman, who currently serves as CEO, and Alex Ebkarian, who currently serves as Chief Operating Officer (COO).
Does Allegiance Gold have any pending lawsuits or complaints?
We conducted a web search using the words “lawsuit” and “scam”, and no actions or reports turned up against Allegiance Gold as of the date of this review.
Where is Allegiance Gold located?
Allegiance Gold is located at the following address: Allegiance Gold, LLC 27001 Agoura Rd. Suite 200 Calabasas, CA 91301
Allegiance Gold
Allegiance Gold, a long-tenured Gold IRA company, has earned the highest trust ratings in the precious metals industry.
Product Brand: Allegiance Gold
4