Gold Gate Capital is a company that connects customers to gold IRA options. They help customers navigate the paperwork process and bureaucracy required to invest in a gold IRA. As part of this, they well gold and silver products that are approved for use in an IRA. Not all gold and silver can be kept in an IRA, so it’s important to make sure that your purchases are compliant with federal regulations.
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About Gold Gate Capital
Gold Gate Capital was founded in 2008 and is based around a simple principle: gold investment is important if you want to weather economic volatility.
The company has worked with hundreds of clients over the past fifteen years. Their main focus is on converting part of people’s retirement funds into precious metals. When the stock market crashed in 2008, the price of gold skyrocketed. Gold is an asset that performs inversely to the stock market while retaining its value over time.
As part of their business plan, they have minimized overhead costs so they can sell their products at lower prices. This means that they don’t invest their money into ambitious ad campaigns, sponsorships, or endorsements. They run their operation like a small business despite their large reach.
Even though they don’t spend money on advertising, Gold Gate Capital has still been recognized in the industry. They have undergone rapid growth as new clients seek to diversify their retirement assets. Over $100 million worth of metals have been sold over the years. And in 2022, Inc magazine gave Gold Gate Capital the honor of being recognized as one of the fastest-growing small businesses in the US.
Gold Gate Capital has received testimonials from places like Forbes, Fox News, and Joel Osteen Ministries. Their website is home to a number of positive customer reviews. While onsite testimonials should always be taken with a grain of salt, Gold Gate Capital has similarly positive reviews on third party websites as well.
Like many of the other top gold IRA companies in the industry, Gold Gate Capital has a robust buyback program. They guarantee that they will buy back your metals for a fair price once you’re ready to liquidate your assets. That might happen decades in the future, or it might happen just a few weeks after purchase. No matter your reason for liquidation, they will buy your metals back.
There is also a free information kit available through the website. This kit has facts about precious metals, the economy, and the industry. You’ll be told the benefits and risks of investing in bullion for your IRA, the steps necessary to turn your IRA into precious metals, and information about how to get a maximum of $15,000 in free silver with your purchase.
Steps to Buy Gold
If you're interested in buying precious metals from Gold Gate Capital, the website has helpfully outlined how to do so. There's a number that you can call to get connected to a customer service representative. The company has a variety of products to choose from, and you can talk to someone about your specific portfolio needs.
If you decide to invest some of your retirement funds into a gold IRA, then you will need an IRA custodian. You will also need to store the precious metals at an accredited depository. But if you're buying precious metals for your individual portfolio, then there's a lot less paperwork. You can either have them stored in a secure depository or shipped directly to your home.
The first step in the process is to open an account with Gold Gate Capital. You'll receive an email that contains their standard agreement for all new customers. Once you sign it and send it back, you'll be connected to an expert in precious metals. This expert will find out about your individual financial needs and goals, then make suggestions about the best potential items to suit those goals.
You'll then add money to your account. This can be done either through a bank wire transfer or through mailing a check. If you're more comfortable mailing a check, the company will give you a prepaid label for shipping through FedEx. Just keep in mind that checks take longer to arrive and clear than bank wire transfers, so if you want a quick transaction, you should use the wire option.
When the funds are in your account, you can settle on the exact precious metals that you want. Maybe you have some in mind already, or maybe you want the guidance of your precious metals expert. Either way, they'll help guide you through the process.
If you're buying IRA-approved precious metals for your retirement account, those will be shipped directly to your chosen depository. If you're buying metals for your own portfolio, you'll have the option to open an account with a depository or have the package sent directly to you.
No matter what type of purchase you've made, all of the packages will ship for free with a full insurance policy. If any of the contents become lost or damage before you sign for the package, Gold Gate Capital will file an insurance claim. Then they'll either send you a refund or a replacement package, depending on how you decide to resolve the issue.
Gold Gate Capital only sells gold and silver, so you won't be able to invest in platinum or palladium here. But they have many of the most popular items that are used in gold IRAs. These items tend to retain their value well over time due to their desirability and authenticity.
Most of the products available in the product catalogue are eligible to keep in an IRA. However, a few are not. We can take a look at these, and then examine the IRA products by category.
Some of the items under the Silver Coins category cannot be kept in an IRA. The company's one-ounce silver rounds are not IRA-eligible. Silver rounds are made by private mints rather than sovereign government mints. So even if they meet the purity and weight standards outlined by the IRS, they are not eligible for an IRA.
There are also junk silver bags available for purchase. None of the coins in these bags are eligible for an IRA. The bags are filled with circulated coins that were minted prior to 1964. These coins are in very rough shape because of the decades they've spent in circulation. But they are also crafted with 90% silver.
People who enjoy collecting silver may like investing in junk silver bags. These coins are definitely not investment-grade bullion, but they are an easy way to own silver.
There are a number of silver coins and bars available that can be placed in an IRA. These include classics like American Eagles and Canadian Maple Leafs. There's also a silver Austrian Harmonic. For people who are interested in slightly rarer findings, there's a Silver Rose Crown Shield available. This uncirculated coin weighs 1.25 ounces and has a long history in the coin industry.
As for silver bars, Gold Gate Capital sources their bars from a variety of private mints and sovereign distributors. All of the bars meet the purity standards given by the IRS. You can choose from 10 ounces or 100 ounces.
There are a few more gold coins available than silver. In addition to the American Eagles and Canadian Maple Leafs, you have:
On the gold bar side, you can choose from a few different sizes. Like the silver, these bars are sourced from different manufacturers. You can get one ounce or ten ounce options.
There's also the Gold Valcambi Combibar. This is a one gram bar that has been stamped with a unique Combibar design.
Is Gold Gate Capital Legitimate?
Gold Gate Capital does appear to be legitimate. The company is fairly popular online, with positive customer reviews across multiple platforms. The consumer review site Birdeye gives them a 4.9 star rating with 112 reviews. On the Better Business Bureau website, they have a perfect 5-star rating with 18 customer reviews.
The BBB has accredited the business and given them an A+ rating. Only one complaint has been filed in the past three years. The text is no longer available online, which sometimes happens when a complaint is resolved to the customer’s satisfaction. They ask for it to be removed as part of their agreement with the company.
The customer reviews largely praise the customer service and the patience of the account representatives. Many people have praised their account rep by name, with some saying that they’ve worked with the same account rep for several years.
On Birdeye, customers have gone into detail about their positive experiences, saying that they’ve bought large amounts of silver over the course of several years and have never had a single complaint.
Gold Gate Capital has other strong credentials as well. They are on the Inc. 5000 list and are trusted by Trustlink and Google alike. They have been featured on networks and in publications like Fox News, Newsmax, Forbes, and Fortune.
Overall, you can be confident that this is a legitimate company with a strong background in customer service. Though they’re not the largest firm in the country, they have the credentials necessary for a solid performance. Since the vast majority of prior customers have been happy, you can be fairly confident in placing an order.
Pros & Cons of Gold Gate Capital
Overall, Gold Gate Capital is a positive company. They have clearly done a great deal of work to attract and maintain a loyal client base. Despite not spending money on flashy advertisements, they have been trusted by hundreds of customers. There are dozens of glowing reviews online, many of which name certain customer service representatives individually.
The company is growing rapidly in part because of its excellent customer service. Only one complaint has been logged with the BBB in three years, which has since been resolved. The client base all appear to be very satisfied with their experiences, and the company has a strong sense of integrity.
One potential drawback is that Gold Gate Capital doesn’t have a ton of information available through its website. The site explains gold IRAs, the products that they offer, and their credentials. But it doesn’t go as in-depth with articles and resources as some of the competition.
The buyback guarantee is excellent, as one of the most difficult parts of investing in precious metals is liquidating them for a fair price. With the buyback guarantee, you know that you don’t have to stress about finding a buyer. But there are other established gold IRA companies with similar buyback guarantees, some of which might have a slightly more streamlined process.
Even though Gold Gate Capital isn’t the most unique or well-established company we’ve reviewed, it is still very good. For a firm that’s growing this quickly, the management seems to be keeping up very well with the new demands of the larger business.
Don't forget to checkout our highest recommended precious metals investment companies if you want to move forward with an investment!