What Is Gold Alliance Capital? (Another Scam?!) (Updated 2022)

March 15, 2022

What is Gold Alliance Capital

Welcome to my Gold Alliance Capital Review!

(UPDATED MARCH 2022)

Have you just recently found out about this precious metals firm and want to start opening an IRA account with it?

Well, hold on first and make sure that you are not walking into a trap and a scam!

Be sure to read this Gold Alliance Capital review and find out everything you need to know about it. Let's get started!

Gold Alliance Capital Review Quick Summary

Name: Gold Alliance Capital

Website: https://www.goldalliance.com/

CEO: Joseph Sherman

Rating: 4/5

What is Gold Alliance Capital logo

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What is Gold Alliance Capital?

What is Gold Alliance Capital website homepage

First things first, let's get to know this company. Gold Alliance Capital is the creation of a group of precious metals industry veterans who aim to help people with protecting and diversifying their investment portfolios.

Furthermore, this company believes that with physical precious metals such as gold and silver, investors can secure their investments from market volatility.

Since 2017, Gold Alliance Capital has been providing products and services to investors, assisting them in making the most out of their investments.

Gold Alliance Capital Products and Services

Gold Alliance Capital specializes in precious metal IRAs. With that, it offers gold and silver IRAs, as well as IRA-approved coins.

With precious metals in your IRA portfolio, rest assured that by the time you retirement comes, you are financially secured!

If you currently have other IRA types such as SIMPLE IRA, Traditional IRA, 401 (k), 457 (b), 403 (b), and SERP, no worries Gold Alliance Capital devised a quick and simple rollover process for you!

Gold Alliance Capital Costs

When you have decided to start a precious metals IRA account with Gold Alliance Capital, there are two main costs that you need to pay for: your account and the precious metals.

Opening an account will cost you $175 annually. This includes the storage of your precious metals, insurance, gives you access to your online account, and financial statements.

As for the precious metals costs, they may vary depending on your budget or investment. Usually, precious metals firms sell metals at a higher price compared to the current market value for them to gain profit.

Since Gold Alliance Capital does not have any information about the prices on its website, expect that you will be paying 17% to 33% more for your precious metals.

Morever, there is no minimum investment in Gold Alliance Capital but there is a maximum annual contribution limit every year.

However, this value tend to change every year. In the year 2019, investors below 50 years old could only contribute $6000 in their accounts while the ones over 50 years old could contribute up to $7000.

How to get started with Gold Alliance Capital?

The steps are shown below. To get started, you just need to contact Gold Alliance Capital and one of their specialists will help you throughout the whole process.

What is Gold Alliance Capital Opening an account step 1

You can also have a rollover process if ever you have existing IRA accounts. Basically, you can transfer your funds to your Gold Alliance Capital IRA account.

What is Gold Alliance Capital Opening an account step 2

When it is time for you to purchase gold, the specialists can help you out and even give you recommendations on which precious metals are good for your account.

Moreover, when you have purchased them, you will have the option to have them delivered to your house, or have them stored in Gold Alliance Capital's IRS-approved facility for FREE!

Also, this company guarantees you that you can sell back to them the precious metals you have purchased.

What is Gold Alliance Capital Opening an account step 3

Gold Alliance Capital Ratings

Gold Alliance Capital also received great ratings from a few websites. You can see them below.

What is Gold Alliance Capital Trustlink Rating
What is Gold Alliance Capital BCA Rating
What is Gold Alliance Capital BBB Rating

Gold Alliance Capital Pros and Cons

Pros

  • Free shipping and storage
  • Offers IRA
  • Privacy is important with them
  • They can buy back the metals you purchased
  • Affordable fees for your IRA account
  • Free gold and silver worth $7000 when making a qualified purchase

Cons

  • No price information on its website
  • Few ratings and reviews since it is still new

Is Gold Alliance Capital a scam? - Final Verdict

So far, there are no red flags of Gold Alliance Capital being a scam. With that, it is not a scam. Gold Alliance Capital is a legit precious metals firm that offers good products and services.

The only concern we have is how few ratings it has compared to other firms such as Goldco, which has a lot of good ratings. With that, we are assured that it is actually legit.

As time passes by, more information about Gold Alliance Capital will be disclosed and I shall make sure to update this review!

Thank you so much for reading my Gold Alliance Capital review! If you have any comments or questions, feel free to leave them below in the comments section!

Check out my other reviews here!

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