National Gold Group Review
A relative newcomer to the precious metals industry, National Gold Group buys and sells IRA-approved gold, silver, platinum, and palladium products. Its founders have a combined 25 years of experience in financial services and precious metals, which they’ve used to build a company that prioritizes customer education and trust. Rather than pushing specific investments, National Gold Group advisors consult with clients. Representatives offer personalized services at NGG offices in North Carolina, California, and Hawaii. Representatives also assist customers throughout the U.S.
Pros
- Ongoing customer support
- Physical offices in North Carolina, California, and Hawaii
- Buys and sells precious metals, including collectibles
Cons
- Limited fee and precious metal price information online
- $10,000 minimum investment
Gold and other precious metal IRAs are an investment and carry risk. Consumers should remain alert to claims that customers can make a lot of money in these or any investments with little risk. As with any investment, you can lose money. Past performance is not a guarantee of future performance results. Consumers should also gain a clear understanding of the fees associated with any investment before agreeing to invest.
National Gold Group Features
National Gold Group helps customers diversify their investment portfolios with precious metal IRAs. It sells IRS-approved gold, silver, platinum and palladium products and has a minimum investment of $10,000.
The company also buys precious metals. If/when you decide to liquidate your metals, National Gold Group representatives will help you take advantage of its no-fee buyback services.
- Metals: Gold, silver, platinum, and palladium bars and coins
- Minimum investment: $10,000
- Fees: Annual account maintenance
- Storage options: Texas Precious Metals Depository, Delaware Depository, Brink’s Global Services
IRS regulations require you to store precious metal IRAs at an approved depository, but National Gold Group also sells collectible coins you can store at home.
Starting a National Gold Group IRA
You can start the application to open a precious metals IRA on your own, but you must call the company to complete the application. Once your application is complete, a National Gold Group representative will contact your financial adviser or custodian and streamline the gold 401(k) rollover and transfer process.
When your account is funded, National Gold Group will help you select precious metals to place in your precious metal IRA.
National Gold Group Costs
National Gold Group’s new customer fees total $99 for the first year, but the company waives some of its fees if you make a larger investment. National Gold Group does not waive fees for accounts that invest in precious metal bars.
- One-year fee waiver: $25,000 investment
- Five-year fee waiver: $100,000 investment
Unlike other gold IRA companies and gold dealers, National Gold Group does not list individual precious metal pricing on its website. You must call a representative for more information about the items you want to invest in.
National Gold Group Customer Support
When you open a precious metals IRA with National Gold Group, you get ongoing support as long as the account exists. The company employs expert consultants who can help guide you toward the right investments for your financial situation. National Gold Group aims to educate investors through every step of the process to help ensure they make reasonable financial choices.
National Gold Group representatives will also work with your financial adviser or custodian to streamline the rollover or transfer process. If you decide to sell your investments later on, they’ll help you leverage the company’s no-fee buyback process to maximize your return on investments.
The company also maintains an updated blog that discusses commodities, inflation, precious metal prices, and government regulation news that could help inform your investment decisions.
National Gold Group Complaints
Though National Gold Group was only recently founded in 2021, its leaders have a combined 25 years of hands-on experience in finance and precious metals. The company advertises a dedication to customer service, and its reviews support this claim. National Gold Group has an A rating with the Better Business Bureau, and all of its 22 reviews are five stars. It also boasts five-star reviews on Trustpilot and Consumer Affairs. With an outstanding customer reputation, it’s tough to find complaints about National Gold Group.
National Gold Group FAQs
What metals does National Gold Group offer?
National Gold Group sells a wide selection of gold, silver, platinum, and palladium coins and bars. A snapshot of its inventory includes:
- American Gold Eagle coins
- Canadian Gold Maple Leaf coins
- American Silver Eagle proof coins
- Isle of Man Noble coins
- Canadian Palladium Maple Leaf coins
What are the typical National Gold Group fees?
Currently, National Gold Group provides limited fee information online beyond their standard $99 annual fees. The company waives these fees for larger deposits into an IRA. Customers should ask their representatives if their depository partners charge storage fees.
Can I keep my National Gold Group metals at home?
While you can keep precious metals at home, they may be best kept in an IRA-approved depository vault that protects your assets against loss or damage.
Where does National Gold Group store precious metals?
When funding a gold IRA, the IRS requires storing your assets in an approved depository. National Gold Group representatives will explain your storage options, which include safe, insured storage at U.S. facilities like Brink’s Global Services, the Texas Precious Metals Depository, and the Delaware Depository Service Company.
Does National Gold Group buy back coins?
Yes, National Gold Group offers a no-fee buyback commitment should you decide to liquidate your assets.
Conclusion
National Gold Group is a good resource if you’re looking for consultants to help guide you toward the right investments for your situation. It buys and sells IRA-approved precious metals, and representatives are available for ongoing support as long as you have an account. However, information about fees and pricing is limited on their website, so you must contact a representative to learn more and complete a gold IRA application.