Fairpoint Discount Gold Group Review (2022) (New IRA Scam?)

Hello and welcome to my 'Fairpoint Discount Gold Group Review' article!

IRA is becoming a go-to financial activity for many investors. With that, this 'Fairpoint Discount Gold Group Review' will give you pointers and information about this firm.

Logically speaking, you are keen not to fall to any financial traps and scams, right? If so, being meticulous and cautious will help you become a more savvy investor.

Is this firm the best for you? Or is this a new way to phish and scam you of your precious thousand bucks? These are just the questions you need to have the answers first before choosing to invest.

Without further ado, let us start this 'Fairpoint Discount Gold Group Review'!

Fairpoint Discount Gold Group Review Quick Summary

What is Fairpoint Discount Gold Group?

Fairpoint Discount Gold Group (also known as Fairpoint Gold Group) is a gold IRA firm stationed at California. Additionally, they have claims about being a bullion dealer.

To start, we will be pointing out to their company mantra, 'we work for you, you don't work for us. Pretty neat of a mantra if I must say. True to their words, they give valuable recommendations on what assets to invest on.

Consequently, they have images of certain gold and silver coins and bullions in their website. Although, they have no clickable buttons or pages for these items.

Moreover, they also operate and facilitate gold IRAs as well as gold storage. Accordingly, they have partnerships with Delaware Depository for safekeeping of your precious metals.

On the contrary, I have not seen any news about platinum and palladium coins. If you are looking for these metals, I suggest looking and conducting business with Goldco. 

Products and Services Offered

Frankly speaking, the products and services being talked about in their online platforms have no necessary information available. True, they have claims about it but no hard data is presented.

But, let us say that they have these products laid out for you once you have reached out to their representatives. Their products are mostly gold and silver products.

As seen above, these are some of the coins they have for you. Unfortunately, they also have limited kinds of these. Also, some of these are non IRS-approved coins, which means they cannot be under any IRA.

The full list of products in their inventory are the following:

• $10 Indian Gold Coin
• American Silver Eagle
• American Gold Eagle 1 oz
• Morgan Silver Dollar

As you can see, they have ridiculously few types of coins available. Now, we will just be giving them the benefit of the doubt and assume that they have more.

Nevertheless, this must give you an idea on how limited your choices will be. Should you conduct business with them, inquire if they have more options for you. I will be updating this post if news about their inventory becomes available.

For now, with the information on hand, it is safe to say that you need to look at another precious metals firm. I heartily recommend Goldco, since their inventory is unmatched. 

In a similar fashion, little to news is present with regards to their IRA services. However, a simple 'how-to-start' can be read in their online platform. More on this in the succeeding sections.

How Does It Work?

Firstly, if you are opting to open a gold or silver IRA, you need to fill out an application. Alternatively, you can create one on their website (as shown in the picture below), or have the firm fill out one for you.

Next, you need to put funds on your account. Fortunately, you can also do rollovers if you have another IRA present. This process is responsible for liquidating and transferring any assets you have.

Lastly, you will be adding precious metals on your account. As stated, this will be under the security of Delaware Depository.

Prices and Fees

As of now, it is virtually impossible to list and give out their prices and fees. Regardless, I will be updating this post if ever information about this is open to the public, and not only through phone calls.

Meanwhile, I suggest at investing in a company that displays a high level of transparency. Goldco is my top gold IRA firm for being transparent and open to their clients!

Scams and fraudulent activities are rampant, even in the precious metals industry. It does not pay being cautious and looking for better alternatives and options.

Customer Ratings and Reviews

• Better Business Bureau - not accredited, A+ rating
• Business Consumer Alliance - no reviews, A rating
• Trustlink - no ratings available but has a dedicated page

As per the links above, there is essentially ZERO reviews available for this company. It is undeniable, however, that they have ratings for which I do not know how they manage to get.

Invest in a company that has immaculate reviews. Furthermore, it will give you a peace of mind if it is reviewed at least a thousand times. So what are you waiting for? Invest in Goldco today!

Pros and Cons

The Verdict!

To conclude, this 'Fairpoint Discount Gold Group Review' will point out to the fact that this firm is not recommended. Although not being a scam, it is well below expectations.

First, they have no product inventory catalog. The essential information regarding their prices and descriptions are also absent. Nevertheless, they claim that they have these products.

Second, they have no ratings and reviews available. Now, this speaks volume on how it performs as a firm. Without this, its credibility nosedives at great lengths.

To summarize, although not a scam, this company is not good for potential investors. Bullion dealers are everywhere, therefore, it is essential to be careful.

Thus, looking at alternatives such as Goldco is the best move. 

Thank you for reading this  'Fairpoint Discount Gold Group Review'! articles of mine. As usual, any comments and suggestions can be written in the appropriate section below.