Is Reagan Gold Group A Scam? (Exposed!?) (Updated July 2023)

July 11, 2023

is reagan gold group a scam?

Hello and welcome to my 'Is Reagan Gold Group A Scam?' article.

(UPDATED JULY 2023)

'It is time for you to preserve your capital!'. This sentence will be the first to welcome you on their website. In this 'Is Reagan Gold Group A Scam?', article I will help you get a good grasp about this company.

Additionally, investing in gold and other precious metals will prove to be challenging for some. Hence, you need to be careful in choosing the most suitable bullion dealer for you!

Without further ado, let us get this 'Is Reagan Gold Group A Scam?' article started!

Reagan Gold Group Review Quick Summary

Name: Reagan Gold Group

Founder: Steve Francis

Account minimum: No information available

Price: Varies

Promotion: Referral Programs

Rating: 3.5/5

reagan-gold-group-logo

Reagan Gold Group - What Is It?

reagan-gold-group-website

The precious metals industry have been stirring quite a buzz in the recent years. Gold and silver, particularly, are becoming more popular to investors. Thus, the demand for it is gradually rising!

Logically, the number of dealers and sellers will also rise. Among the many bullion dealers in the industry, we will be talking about this one. The Los Angeles-based firm called Reagan Gold Group.

Naturally, this company is also able to do silver and gold IRAs! With this, any potential investors can readily create one in a process that is easy to follow.

By comparison, the TOP recommended precious metals firm, which is Goldco, also offer these products. Its capability to handle self-directed IRA is second to none!

How Does It Work?

Opening an IRA is as easy as slicing a cake nowadays. With this in mind, Reagan Gold Group utilizes three easy steps. Listed below is the process you should follow.

  1. Initiate - This step would require contacting a representative from their company. Next, you will be signing and accomplishing important documents
  2. Fund - After that, you need to put some cash on your account. Fortunately, you are given three choices. Either do a direct transfer, contribution, or rollover an existing IRA.
  3. Customize - Lastly, it is time to add some assets into your account. Luckily, these assets of yours will be stored in a secure depository. These are insured by the Lloyds of London.

Products and Services Offered

Naturally, as a bullion dealer, Reagan Gold Group has its inventory full of gold, silver, platinum, and palladium metals. Although, it must be said that their inventory does not display much of a variety.

Nevertheless, they offer precious metals that can be part of an IRA. Some of these coins and bars are IRS-approved. Which means that these items can be an asset for investing in an IRA.

Despite the quantity of offerings, Reagan Gold Group assures its clients that they will get whatever they want.

However, it is worth noting that IRS-approved coins and bars only apply to gold and silver. For platinum and palladium category, no such item qualifies as such.

The website provides various information about each product, however, the prices are not revealed immediately. Contacting Reagan Gold Group will enlighten you.

Prices and Fees

One of this company's weakest link is their transparency regarding the fees and prices of their products. Essentially, bullion dealers such as this one is expected to display their prices.

Although, a willing client an call them to inquire about their prices and fees. But, as with anything, it is crucial to have this information in the company's website. You do not want to fall under one scam now, wouldn't you?

Thus, working Goldco is encouraged. This company is known for practicing transparency to the highest degree. Moreover, they have discounts if transactions are done in bulk!

Price Guarantee Protection Program

Reagan Gold Group take pride in ensuring that their clients are provided with high quality service and financial peace of mind. That is why they started the Price Guarantee Protection Program.

According to the website, if a client bought a product whose selling price is lower after 14 business days since the date of the original purchase, he/she can contact the company and request for a reprice.

Furthermore, Reagan Gold Group will make it up to you by shipping additional metals at no additional costs.

This program is available for physical delivery orders, as well as self-directed precious metals.

Insured Shipping Program

This is a program designed to protect the products being shipped. Clients can rest well at night knowing that their orders are fully insured.

If ever something bad happens to your orders while they are being shipped, be it damaged, or lost, you can receive a 100% refund.

Referral Program

Reagan Gold Group stated that they recognize loyal clients and they want to give back to them. That is why they created the Referral Program.

To do this, you must refer friends to become clients of Reagan Gold Group. If they make a purchase of at least $2,500, you will receive a FREE 1 oz. Ronald Reagan Coin.

The coin will be directly shipped to you, with free shipping, of course.

Reagan Gold Group FAQs

Where are the precious metals stored?

Reagan Gold Group will store your precious metals with Delaware Depository, and are insured by Lloyd's of London. With an insurance policy that provides 100% protection, your precious metals will be safe and secured.

What precious metals are allowed in IRAs?

Gold, silver, platinum and palladium are all allowed in IRAs as long as they meet the following requirements: Gold 99.5%, Silver 99.9%, Platinum 99.95%, Palladium 99.95%

What is the minimum IRA investment?

With Reagan Gold Group, the minimum IRA investment is $5,000.

How long does the IRA process take?

Creating an account usually takes 24 to 48 hours. However, funding your account from your current custodian may take up to weeks.

Furthermore, cash contributions is a quicker way to fund your account.

Customer Ratings (July 2023 Update)

  • Better Business Bureau - Accredited since 2018, A+ rating, 5 out of 5 rating based on 5 customer reviews
  • Business Consumer Alliance - AAA rating, 5 out of 5 based on 24 reviews
  • Trustpilot - 4.7 out of 5 based on 24 reviews

Looking at it, Reagan Gold Group has very good ratings. Although they only received a few number of reviews, compared to other companies such as Goldco, which has thousands of reviews along with their excellent ratings.

Pros and Cons

Pros

  • Good selection of products
  • Offers IRA
  • Has fairly positive reviews and ratings
  • Availability of exclusives and guarantees
  • Shipping is insured

Cons

  • Essential details are locked behind account creation
  • No price information on its website
  • Not an e-commerce type of online platform
  • No information on the IRA Custodians they are working with
  • Website is lacking other essential features

Verdict and Final Words

To conclude this 'Is Reagan Gold Group A Scam?', let me just start by saying that it is a legit one. It has its own set of enticing products. Ultimately, this is a bullion dealer you can invest on.

Even so, this is a company that should be on your alternatives only. To explain, its transparency towards its products has a lot to improve. Not to mention, their products are also limited.

In addition, you have no means of inquiring about the information and price of an item, aside of course, asking them directly. But, some clients would prefer investing in a website that gives essential particulars.

Overall, would still put Goldco in front of this company. Not only would they give you great customer service, you can also expect nothing short of excellence!

As usual, I extend my gratitude to all of you for reading this 'Is Reagan Gold Group A Scam?' article. For comments and suggestions, do leave them in the appropriate section below.

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Anis is a digital marketing expert that enjoys writing blogs and helping people avoid scams online; he is passionate about investing in real estate and gold; in his free time, Anis loves playing football, going to the gym, and hanging out with friends.


By the way, if you are tired of scams and want to invest with a legit gold company, check out my 6 top legit gold IRA companies of 2024!

Anis

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