Is United Gold Group a scam? Well... if you're asking that question, you'd be wise to research it well..
Fake bars. Fake coins. The list goes on. Who can you trust?
In this review, we'll be analyzing United Gold Group. Who are they? How are their products? Is United Gold Group a scam?
Well, grab a cup of coffee and let's dive in!
United Gold Group Company Information
Name: United Gold Group
President: Mr. Randy Kohl
Price: Varies
Rating: 3/5
What is United Gold Group?
United Gold Group (UGG) is a company that specializes in precious metals investments, particularly gold and silver.
They offer services such as buying, selling gold and silver coins, bars, and other precious metal products.
Additionally, they provide resources and guidance for individuals interested in investing in precious metals for wealth preservation or diversification purposes.
United Gold Group typically operates as a precious metals dealer and advisor, helping clients navigate the intricacies of investing in gold and silver.
It's important to conduct thorough research and due diligence before engaging with any precious metals dealer or investment firm.
While I was doing my research about the company, I found its website. I noticed that the URL indicates United Asset Group instead of United Gold Group.
Chances are they may be going through a rebranding.
Regarding its owner or founder, there is no information about them. However, I checked the company's BBB profile, and a Mr. Randy Kohl is listed as its president.
But another review online says that when they checked the BBB profile of United Gold Group they found out the president is actually David Bleeden who appears below in this video:
United Gold Group is a member of the National Coin & Bullion Association (ICTA), the industry watchdog that monitors precious metals companies.
Moreover, United Gold Group is one of the sponsors of Sound Money Defense League.
It advocates for state and federal sound money legislation and at the same time, provides people with the necessary information on this topic.
United Gold Group is also part of the Teddy Roosevelt / United Gold Wildlife Initiative, which advocates for environmental protection.
United Gold Group Products and Services
United Gold Group offers precious gold, silver, platinum, and palladium metals.
Moreover, clients can use IRA-eligible precious metals in their IRA accounts.
The company follows a spot gold price, which is the price at which the gold may be bought and sold.
However, it would be best to note that precious metal prices are constantly changing.
Apart from selling precious metals, United Gold Group has a buy-back policy, in which the company will buy back your precious metals at competitive prices.
Below are the other services that United Gold Group offers according to their website:
- Self-Directed IRA Administration Services
- Assistance with Required Minimum Distributions
- Precious Metals Vault Services
- Account Roll-overs & Transfers
- Beneficiary & Remainderman Designation
- Sale and Transfer of Precious Metals
- Retirement Trusts
To the new gold buyer out there, it is paramount that you are knowledgeable about the market.
Various companies out there do not only offer products but also education services.
One of the best companies that does that is Augusta Precious Metals!
Does United Gold Group offer IRAs?
Yes, United Gold Group is partnered with various custodian companies to offer clients self-directed IRA services, which include setting it up, transfer of funds, and the maintenance of the account.
The company's website only revealed Equity Institutional as its partner. Moreover, United Gold Group offers a range of IRA-eligible products.
IRA-eligible products
Since United Gold Group offers IRA services through its partner custodian, it is the one who will provide clients with the IRA-eligible precious metals for their clients.
As per the Internal Revenue Service (IRS), the following precious metals are accepted to be held in IRAs:
- Gold
- Australian Kangaroo/Nugget coins
- U.S. Buffalo Gold Uncirculated coins (no Proofs)
- British Britannia coins (.9999+)
- American Eagle coins(1)
- Austrian Philharmonic coins
- Chinese Panda Coins
- Canadian Maple Leaf coins
- Silver
- Royal Canadian Mint Eagle coins
- Chinese Silver Panda coins
- American Eagle coins(1)
- Mexican Libertad coins
- Australian Kookaburra and Koala coins
- Austrian Philharmonic coins
- Canadian Maple Leaf coins
- Platinum
- Canadian Maple Leaf coins
- American Eagle coins(1)
- Isle of Man Noble coins
- Australian Koala coins
How Does United Gold Group Work?
The process that the company revealed in its website is quite straightforward.
If you wish to benefit from their products and services, you simply need to contact them.
The website has a form that you can fill up with your details.
Customer support will get back to you and assist you.
Or if you prefer an alternative with loads of positive reviews, check out Augusta Precious Metals by clicking here!
Available Payment Options
United Gold Group only accepts two forms of payment: bank wires and personal checks and “electronic bill pay” checks.
Cash, bank checks, cashier checks and money orders are NOT accepted.
Does it have a buyback policy?
Yes, United Gold Group offers a buy-back policy only to its clients.
The company is willing to buy back the products you purchased.
To start, you need to contact United Gold Group. However, it would be best if you took note of IRS reporting requirements for specific products you sell.
United Gold Group Ratings & Reviews 2024 !
At the time of this update (February 2024), United Gold Group has still garnered relatively small reviews online.
Usually, if you search up precious metal companies, they would pop up in various review websites.
However, United Gold Group does not.
One possible reason is that maybe it is still new to the scene.
Nevertheless, United Gold Group has a BBB profile, which is good. Moreover, it is BBB accredited since 2021.
- BBB - 5/5 rating, A+ rating, based on three reviews and one customer complaint, BBB accredited since 2021.
United Gold Group Pros & Cons
Pros
- Offers a wide range of products and services
- ICTA member
- BBB accredited, with 5/5 rating and A+ rating
Cons
- Does not have much reviews online
- Still new to the industry (Here are some reputable alternatives)
Is United Gold Group a scam?
It is still relatively early to judge United Gold Group. However, there are currently no red flags about this company.
Also, it is a member of the ICTA and is BBB accredited, which are authoritative organizations in the precious metals industry. However, United Gold Group is relatively new to the industry.
Most of you would probably opt to go with companies in the industry for a long time because they have already built their reputation.
So, you should feel safe with your gold buys, if you don't mind.
One of these companies is Augusta Precious Metals, which is well-known in the industry.
In the end, it is still up to you. Are you willing to give the freshie company a chance?
Or do you want to avoid risks and go with veteran companies? Your choice.
Thank you for reading my United Gold Group review!
If you have any comments or questions, feel free to leave them below.
I read your review of United Gold Group and from your report, they appear not to be a scam. However, despite your not unfavorable report, I have just hung up with a representative of Global Refund Group, who researched United Gold Group and HER research reveals that UGG is indeed a SCAM, with lawsuits against them. She is emailing me her results . I did extensive research before dealing and buying $50,000.00 of metals from them based on your, BBB and several other sites that purported them to be legitimate with a good reputation! I ONLY hope that the items I purchased from them are genuine and I have not been scammed out of FIFTY THOUSAND DOLLARS!
Hi Michele, United Gold Group is not a scam but we are noticing lots of negative reviews recently and we will surely update this article with your review as well! Regal assets which is a similar company have closed, so we will look into this and I hope everything is going to be alright with your investment!
I read your review of United Gold Group and found it rather non- committal. I have a suspicion issue. In August, 2022, I called American Hartford & was immediately switched to an Alan Johnson with United Gold Group (who I had no knowledge of, but thought it must be a subsidiary of American.. I checked their ratings, complaints ( Not Reviews) the BBB which gave them an A+ rating. After doing what to me seemed due diligence, I consequently bought $50,000.00 worth of gold & silver products. Even at today's rates, I was outrageously overcharged, found, after extensive research frightenly bad reviews & will have to lug all of their product to be RE-ASSAYED. There should have been more Alert reviews than the "mealy-mouthed" ones I received from All of the sites I checked for verification before I did business with what I now know is a Charlatan Corporation, with questionable ethics. I TRIED & the "information" Never should have been so non-committal.
Hi Michele, Im very sorry about your negative experience with United Gold group, we have noticed that some other people are also complaining about United Gold Group, so we will be updating this review soon with new information about this company, thanks for your comments!
In August of last year, I called the number listed for AMERICAN HARTFORD and, without asking, was switched to UNITED GOLD GROUP. Assuming it was a subsidiary of AMERICAN, I proceeded too buy a total of $50,000 of gold & silver through Alan Johnson, who assured me, he was the manager.
With the scare of digital currency now being a threat , I just called AMERICAN and They did the SAME THING, except the name of the company substituted is NATIONAL GOLD GROUP! Does this suggest a SCAM OR A LEGITIMATE ENTERPRISE? I am 82 years of age, do my own research & manage my own finances. BUT I am stumped on this one,
If you could give me some feedback I would be very appreciative in not risking funds with a shady company. Thank you .
Hi Michele, this sounds sketchy for sure, I would wait it out and not invest anything with them for now because that seems like a red flag, we have reviewed different scams that keep changing their branding and keep linking to new sites, so I would not risk my money for now, we will look into it more and if there is anything we will get back to you!
HI again michele, if you read the other comments, it seems like the company is getting lots of negative reviews, please do not invest for now, thanks.