Hello. Welcome to my "What Is Fortress Gold Group?" review.
Have you just found out about Fortress Gold Group this summer, but you want to find out more about them? Well, you are in the right place, my friend.
I shall give you almost everything you need to know about them. What is Fortress Gold Group? Are they legit or a scam? Well, here are the answers...
Fortress Gold Group Review Quick Summary
Name: Fortress Gold Group
Founder: Not disclosed
Price: Varies depending on your investment
What is Fortress Gold Group?
Fortress Gold Group is a company based in California that mainly deals with precious metals. It was founded 1995 and then became a privately held corporation in the year 2007.
There are no available information on who the founder is and who are leading the management team of the company.
Moreover, it specializes in the ownership of precious metals. However, currently, Fortress Gold Group is not accepting any new customers.
UPDATE (2023): The company's website is no longer searchable. So we can assume that Fortress Gold Group is currently not in business.
Fortress Gold Group Products and Services
Fortress Gold Group mainly offers different kinds of precious metals, including IRA-eligible ones.
There are gold, silver, platinum and palladium, in the forms of bars or coins. As for the prices and fees, Fortress Gold Group does not provide any upfront information on its website.
Clients should contact the company to find out. Brinks takes care of the storage services for Fortress Gold Group. Depositories are available in 3 cities: Los Angeles, New York and Salt Lake City.
Unfortunately, Fortress Gold Group is not providing any IRA services since it is not an IRA custodian.
How to get started?
To get started with Fortress Gold Group, you will just have to contact them and notify that you are interested in availing their products and services.
One of their representatives will assist you until your needs are met.
Before the company's website shut down, Fortress Gold Group was also known to offer IRA services. Although they are not an IRA custodian, they can help you set up your IRA with a trusted IRA custodian.
Once that is done, Fortress Gold Group can provide you with IRA-eligible precious metal products for your account.
As per the IRS rules, investors cannot store their IRA precious metals at home. They are required to be stored in a secure depository that is also IRS-approved.
Fortress Gold Group was in partnership with Brinks Global Service, a renowned company for its good storage services.
Pricing and Fees
When the company's website was still operational, Fortress Gold Group still lacked the transparency to reveal the prices and fees of their products and services to their clients.
This proved to be a challenged to the customers since they did not have an easy time to compare prices between their precious metal company options.
Fortress Gold Group Ratings and Reviews
Fortress Gold Group has OK ratings although it does not appear to have the most impressive BBB profile. You can check for yourself below:
- BBB - 1 out 5 rating, B- rating based on 1 review, not BBB accredited
- BCA - AAA rating, no reviews
- Trustlink - 5 rating with 23 reviews
- Trustpilot - 1.4 rating with 39 reviews
Now, these ratings and reviews are not exactly something to be proud of. Further research found out that there were some complaints that should not even be ignored.
Like the one in BBB, in which the client lost a huge amount of money. As you can read it below.
Fortress Gold Group Pros and Cons
Is Fortress Gold Group a scam?
Let me conclude this review by giving my final verdict and answer to this question. Fortress Gold Group may not be a scam before since it did offer products. There were customers who expressed their satisfaction with their service.
However, with the shutdown of the company as well as some serious complaints, it is safe to say that you are better off with another company that is highly rated and recommended such as Goldco.
Thank you so much for reading my "What Is Fortress Gold Group?" review! If you have any comments or questions, feel free to leave them in the comments section. Make it a great 2023