Hello! Welcome to my Gold Gate Capital review!
(POST UPDATED JULY 2023)
If you are looking for a firm to get precious metals from and came across Gold Gate Capital, you better finish reading this review first...
What is Gold Gate Capital? Is it legit or a scam? Here are the answers.
Gold Gate Capital Review Quick Summary
Name: Gold Gate Capital
CEO: Chris Seebert
Price: Varies depending on your investments
Rating: 4/5
What is Gold Gate Capital?
Gold Gate Capital is a precious metals firm and dealer that also offers Gold IRA services, just like Goldco.
It was created in 2008 by a group of precious metals professionals and veterans. Their main goal was to help investors and families protect their investments against economic uncertainties, the volatile stock market, as well as the rising inflation.
Moreover, Gold Gate Capital aims to help people in diversifying their investment portfolios, making sure to maximize fruits of their its clients' hardwork.
Since then, the company has been providing excellent products and services to investors. It claims to have sold over $100 million worth of precious metals since 2008.
Furthermore, Gold Gate Capital states that their prices are relatively lower since they don't spend a lot of their money on big budget marketing ads or pay celebrities to endorse their company.
Gold Gate Capital was recognized by Inc. 5000 as one of the fastest growing companies in 2022.
Gold Gate Capital Products and Services
Based on Gold Gate Capital's website, there are 3 products and services that investors can avail.
- Gold IRA
- Buying Precious Metals
- Selling Precious Metals
Gold Gate Capital fully understands the importance of precious metals in an investor's portfolio. Gold, especially, has always maintained its value.
In fact, precious metals saved countless of businesses, companies, and investors from market volatility and provides inflationary protection.
Because of this, Gold Gate Capital aims to provide high quality precious metals to investors. Moreover, it is one of the firms that offer Gold IRA accounts!
Gold Gate Capital offers gold and silver products, both in coins and in bars. Unfortunately, do not have any platinum and palladium products. Nevertheless, their product catalog is still extensive. The following are the featured products, which are also IRA-eligible:
- American Gold Eagle
- Silver American Eagle
- Gold Canadian Maple Leaf
- Silver Austrian Silver Philharmonic
- Gold Rose Crown Shield
- Silver Rose Crown Shield
You can also sell your precious metals to Gold Gate Capital if ever you want to liquidate them.
How does it work?
Unlike most precious metal companies, Gold Gate Capital conduct all of its services through the phone or email. Clients cannot order online on their website.
Like I said, Gold Gate Capital offers IRA services. Having an IRA is very advantageous since it offers a great protection from economic uncertainties. Well, how do you get started?
First and foremost, you must consider how you will be funding your precious metals IRA, which is also considered a self-directed IRA. Gold Gate Capital always recommends its clients to start with a minimum of $10,000 investment.
Furthermore, Gold Gate Capital's IRA services includes IRA rollover. This is when you can transfer funds from your traditional IRAs to your precious metal IRAs. The following accounts are eligible for a rollover:
- Traditional IRA
- Roth IRA
- Simple or SEP IRA
- Eligible 401(k), 457, 403(b), or TSP
Also, take note that rollovers are done without worrying about tax penalties.
Starting an IRA account
With this, you can start creating your account by calling Gold Gate Capital. A representative will happily assist you throughout the whole process, including tax compliance, which is important in making sure that your investments are legal.
Since Gold Gate Capital is not an IRA custodian, they will help you find the best one for you. And don't worry, the precious metal experts in the company will also guide you. Once you have found one, you can start opening your IRA account and fund it.
Choosing precious metals
After that, you are ready to choose the IRA-eligible precious metals from Gold Gate Capital. The precious metal experts will assist you in choosing the right ones for your investment portfolio, designed to achieve your investment goals.
Completing the purchase
Once you have finalized the products, and purchased them, the precious metals will be delivered to trusted storage depository to keep them safe.
You can choose the depository you prefer, but Gold Gate Capital recommends Delaware Depository and Brinks Global Service. Both are one of the largest depositories in the world.
Take note that your IRA custodian has the responsibility to handle transactions and paperwork of your IRA. If you need to keep track of your precious metals, you need to discuss that with your chosen IRA custodian.
Guides and Educational Resources
Education is power, especially in the investment landscape. You need to be equipped with the necessary information you need to make the best decisions for your investment portfolio.
Gold Gate Capital recognizes this need, hence they have provided the Gold and Silver Info Kit and the 2023 Investment Guide.
The info kit provides information on why you should open an IRA and how it can help you.
Whereas the 2023 Investment Guide is an eBook that explains the importance of investment diversification, gold investments, rollovers and many more.
Both kit and guide are free. You only need to provide some basic personal information on Gold Gate Capital's website.
Gold Gate Capital Prices and Fees
Being able to know how much you will be paying for the products and services is very helpful so that you can prepare.
Unfortunately, Gold Gate Capital does not provide any upfront information about the prices and fees on its websites.
You will only know by the time you contact the company.
Ratings and Reviews (July 2023 Update!)
Gold Gate Capital has impressive ratings and reviews. However, for now, there are only two websites, Trustlink and BBB where you can find these reviews. You can see them below.
For a company that has been around for a long time, Gold Gate Capital seems to only have a few ratings and reviews, compared to others.
Is Gold Gate Capital a scam?
No, Gold Gate Capital is not a scam. It is a legit precious metals dealer and firm. Moreover, it has excellent reviews and ratings.
Gold Gate Capital is also BBB accredited. So far, there are no negative reviews about it. Its clients really trust them. So, rest assured that you are safe with them.
Pros and Cons
Pros
Cons
Final Verdict
Let me conclude this Gold Gate Capital review with my final verdict. Overall, it is a great and legit precious metals company.
If you do plan to invest in precious metals, you can surely trust them. The only concern I have towards Gold Gate Capital is the transparency of the prices and fees and that it has a few ratings and reviews considering it has been in the industry for a long time.
Looking for an alternative company? Check out the top recommended precious metals firm today below!
Thank you so much for reading my "What Is Gold Gate Capital?" review! If you have comments or questions, leave them in the comments section!
