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Established in 2013, Allegiance Gold has built a strong presence in the precious metals industry. The company specializes in providing valuable assistance to customers in managing their retirement accounts and making informed decisions when selecting suitable metals for their investment portfolios.
At the helm of Allegiance Gold are its founders, Mark Naaman and Alex Ebkarian, with Mark assuming the role of CEO and Alex as COO. The company’s headquarters is in Woodland Hills, California, serving as the central hub for its operations.
With their years of experience and expertise in the precious metals business, Allegiance Gold is dedicated to guiding their customers towards securing a prosperous retirement by leveraging the potential of precious metals.
Their focus on customer satisfaction and tailored solutions sets them apart, making them a trusted partner for individuals looking to diversify their retirement assets with precious metals.
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- Products: Precious Metals
- Owner: Mark Naaman (CEO)
- Rating: 4.3/5
Background of the Company
Allegiance Gold, founded in 2013, is a trusted precious metals company based in West Hills, California. With a mission to help investors protect and diversify their wealth and retirement, Allegiance Gold has positioned itself as a leading provider in the industry.
As the self-proclaimed number-one trusted gold company, Allegiance Gold offers a wide range of investment-grade gold, platinum, silver and palladium coins and bars.
These products are carefully selected to meet the standards required for inclusion in a Precious Metals IRA, allowing investors to capitalize on the potential benefits of precious metals within their retirement accounts.
Allegiance Gold has partnered with renowned custodial service providers to ensure the secure custody of their clients’ precious metals holdings. Strata Trust Company and Goldstar Trust Company are among the trusted custodians they work with to facilitate the opening and management of self-directed IRAs.
Furthermore, Allegiance Gold offers convenient vault storage solutions through partnerships with industry leaders like Brinks Global and Delaware Depository. This allows investors to safely store their precious metals in highly secure and insured facilities.
Allegiance Gold provides products suitable for Precious Metals IRAs, allowing investors to seamlessly incorporate precious metals into their asset portfolios or retirement savings.
By offering a diverse range of IRA-approved precious metals, Allegiance Gold allows investors to diversify their investments and potentially safeguard their wealth for the long term.
Allegiance Gold’s management team comprises experienced professionals who bring expertise to drive the company’s success. Co-founded by Mark Naaman and Alex Ebkarian, they play key leadership roles within the organization.
Mark Naaman serves as the CEO of Allegiance Gold. With his wealth of knowledge and experience in the precious metals industry, he provides strategic guidance and oversees the company’s overall operations.
As a respected figure in the industry, Mark is committed to upholding Allegiance Gold’s reputation as a trusted provider of precious metals.
Alex Ebkarian, Allegiance Gold’s co-founder and Chief Operating Officer (COO), is responsible for client management and day-to-day operations. He holds a Bachelor of Science in finance from California State University, Northridge and has over 15 years of experience in financial services and investing.
Alex’s expertise lies in financing private equity organizations, venture-backed enterprises and start-up businesses. He leverages his extensive experience to ensure exceptional client service and facilitate the success of Allegiance Gold’s operations.
Working collaboratively, Mark Naaman and Alex Ebkarian form a dynamic management team that drives the company’s growth and positions Allegiance Gold as a reliable and customer-oriented provider in the precious metals industry.
Their combined expertise and dedication contribute to the overall success of the company and the satisfaction of its clients.
Allegiance Gold offers various precious metal products, including gold, silver, platinum and palladium coins and bars. With a focus on IRA-approved products, Allegiance Gold helps investors diversify their portfolios and safeguard their retirement assets. Here are some of the essential products offered by Allegiance Gold:
- Gold Coins: Allegiance Gold provides a range of IRA-approved gold coins, such as the Gold American Buffalo and Gold Canadian Gyrfalcon. These coins are recognized for their purity, quality and historical significance, making them attractive options for investors seeking to add gold to their precious metals portfolio.
- Silver Coins: Customers can access various silver coins, including the Canadian Maple Leaf and Silver American Buffalo, among others. These coins offer a tangible and easily tradable form of silver investment, with each coin representing a specific weight and purity.
- Platinum Coins: Allegiance Gold also offers platinum coins, such as the Platinum Canadian Maple Leaf and Platinum American Eagle. Platinum is a precious metal known for its rarity and industrial applications, making it an intriguing choice for investors looking to diversify their portfolio beyond gold and silver.
- Palladium Coins: Allegiance Gold offers the Palladium Canadian Maple Leaf for investors interested in palladium. Palladium is a lesser-known precious metal that has gained attention for its increasing industrial demand and limited supply, making it an intriguing investment option for those seeking diversification.
- Gold and Silver Bars: In addition to coins, Allegiance Gold provides gold and silver bars in various weights. These bars offer a cost-effective way to invest in larger quantities of precious metals, with each bar stamped with its weight and purity for authenticity and ease of trading.
Custodians and Storage
Allegiance Gold understands the importance of secure storage for precious metals in Self-Directed IRA accounts. Allegiance Gold has established partnerships with reputable custodians and storage facilities to ensure the safety and protection of clients’ assets. Here are the key details:
- Custodians: Allegiance Gold has collaborated with two prominent Self-Directed IRA precious metals custodians in the United States: Strata Trust Company and Goldstar Trust Company. These custodians specialize in providing safekeeping services for precious metals held within IRA accounts. They are well-established and trusted institutions in the industry, offering reliable custody solutions for investors.
- Storage Facilities: Once purchased through Allegiance Gold, precious metals are securely stored at Delaware Depository or Brinks Global facilities. These facilities are recognized as reputable and secure depositories for precious metals storage. They employ stringent security measures, including advanced surveillance systems, access controls and robust physical security protocols.
- High-Security and Insurance: The storage facilities utilized by Allegiance Gold ensure that clients’ precious metals are housed in high-security environments. These facilities have implemented comprehensive security measures to protect against loss, damage, theft and other risks. Additionally, all stored precious metals are fully insured, providing clients with peace of mind and financial protection in the unlikely event of unforeseen circumstances.
Pros of Allegiance Gold
- Extensive Range of Precious Metals: Allegiance Gold offers various gold, silver, platinum and palladium coins and bars. This vast selection allows investors to diversify their precious metals portfolio and choose products that align with their investment goals.
- Emphasis on IRA-Approved Products: Allegiance Gold strongly focuses on IRA-approved precious metals. Their products meet the Internal Revenue Service (IRS) criteria for inclusion in self-directed IRA accounts. Investors seeking to add precious metals to their IRA can confidently rely on Allegiance Gold to provide suitable options.
- Trusted Custodial Services: Allegiance Gold has partnered with reputable custodians, namely GoldStar Trust Company and Strata Trust Company, to provide custodial services for precious metals held within IRA accounts. These custodians specialize in handling self-directed IRAs and have a proven reliability and security track record.
- Secure Vault Storage: Allegiance Gold offers vault storage options through outstanding facilities such as Brinks Global and Delaware Depository. These storage facilities are equipped with advanced security measures, ensuring the safekeeping of clients’ precious metals. With vault storage, investors can have peace of mind knowing that their assets are protected in highly secure environments.
Cons of Allegiance Gold
- Lack of Pricing Information: One potential drawback of Allegiance Gold is the absence of product pricing on their website. Instead, interested individuals need to contact the company directly to obtain pricing details. While this allows for personalized assistance, it may be less convenient for those who prefer immediate access to pricing information.
How Gold IRA Works
A gold IRA, also known as a Precious Metals IRA or a Self-Directed IRA, allows individuals to include physical gold and other IRS-approved precious metals in their retirement savings. Here’s how a gold IRA works:
❑ Establishing a Self-Directed IRA
The first step is to open a Self-Directed IRA account with a qualified custodian specializing in handling precious metals investments. It’s essential to choose a reputable custodian that allows for the inclusion of physical gold and other approved metals in the IRA.
❑ Funding the IRA
Once the self-directed IRA is established, you can fund it by transferring or rolling over funds from an existing retirement account, such as a traditional IRA, 401(k) or other eligible plans. This process involves completing the necessary paperwork with your custodian to initiate the transfer or rollover.
❑ Selecting and Purchasing Precious Metals
With a funded gold IRA, you can choose the type and quantity of precious metals you wish to include in your portfolio. The IRS allows for investment-grade gold, silver, platinum and palladium coins and bars that meet certain purity and quality standards. Ensuring that the metals you select are IRS-approved to qualify in the gold IRA is essential.
❑ Storage and Custodianship
The purchased precious metals are typically stored in secure and insured vaults provided by approved storage partners. Your chosen custodian will facilitate the storage arrangements on your behalf, ensuring that your assets are safely held in a designated storage facility.
❑ Portfolio Management
As the owner of a gold IRA, you can manage your portfolio by buying or selling precious metals within the IRA. You can work with your custodian to make investment decisions and execute transactions as needed. It’s crucial to adhere to IRS regulations regarding contributions, withdrawals and any applicable taxes or penalties.
Reviews and Ratings
Allegiance Gold received positive star ratings from clients on consumer rating sites like TrustLink. These ratings typically indicate a high level of customer satisfaction and positive experiences with the company.
The company has built a solid online reputation and has a good track record of pleasing its customers. They were known for providing experienced advice and guidance to individuals interested in learning more about precious metals.
Positive feedback from satisfied clients highlighted the company’s expertise and helpfulness.
While specific details about complaints regarding Allegiance Gold are not provided, it’s mentioned that a customer reporting agency suggested that Allegiance Gold might not be a legitimate gold custodian.
However, assessing the validity or extent of these claims is challenging without further information. It’s important to note that companies sometimes face complaints or negative reviews and it’s advisable to conduct thorough research and due diligence before making investment decisions.
Types of Gold IRA Accounts
There are primarily three types of gold IRA accounts.
#1. Traditional Gold IRA
A Traditional gold IRA allows individuals to contribute pre-tax dollars into their IRA account. The contributions are typically tax-deductible, meaning they can be deducted from your taxable income in the year they are made.
The growth of investments within the Traditional gold IRA is tax-deferred, meaning you don’t pay taxes on the gains until you withdraw the funds during retirement. Withdrawals from a Traditional Gold IRA are subject to income tax based on your tax bracket at withdrawal time.
#2. Roth Gold IRA
A Roth gold IRA works differently from a Traditional gold IRA. With a Roth IRA, contributions are made with after-tax dollars, meaning you’ve already paid taxes on the money before contributing to the Roth Gold IRA.
The advantage of a Roth gold IRA is that qualified withdrawals are tax-free, including contributions and investment gains.
To be eligible for tax-free withdrawals, the account must meet specific requirements, such as a minimum five-year holding period and reaching the age of 59½. Unlike Traditional IRAs, Roth IRAs do not require mandatory minimum distributions (RMDs) during the account owner’s lifetime, allowing for potential longer-term growth.
#3. SEP Gold IRA
A SEP gold IRA stands for Simplified Employee Pension gold IRA. It is specifically designed for self-employed individuals and small business owners, including those who have employees.
SEP IRAs allow employers to contribute to their retirement accounts and the retirement accounts of their eligible employees.
Contributions made to a SEP gold IRA are typically tax-deductible for the employer and the investments within the account grow on a tax-deferred basis. Like Traditional IRAs, withdrawals from a SEP gold IRA are subject to income tax based on the individual’s tax bracket at the time of withdrawal.
Why Invest in a Gold IRA?
Investing in a gold IRA can provide several benefits and serve as a form of insurance for your retirement funds.
Gold has a long history of retaining its value over time. It has been used as a store of wealth for centuries and has proven to be a reliable asset during economic uncertainty. By including gold in your IRA, you can protect your retirement savings from market volatility, inflation and currency devaluation.
Diversifying your investment portfolio is essential for managing risk. Including gold in your IRA adds another layer of diversification beyond traditional stocks, bonds and mutual funds.
Gold has historically had a low correlation with other asset classes, meaning it can behave differently from stocks and bonds, providing a potential hedge against market downturns.
During times of economic turmoil or geopolitical instability, gold often serves as a safe-haven investment. When traditional financial markets experience volatility, gold tends to hold its value or even appreciate.
Having a portion of your retirement funds in a gold IRA can mitigate the negative impact of economic uncertainties on your overall portfolio.
Potential for Growth
While gold is often seen as a stable and conservative investment, it also has growth potential. Supply and demand dynamics, central bank policies and investor sentiment influence gold prices.
Gold prices can increase if these factors align favorably, leading to potential capital appreciation for your gold IRA.
Like traditional IRAs, gold IRAs can offer tax advantages. Depending on the type of IRA you choose, contributions may be tax-deductible and investment gains can grow tax-free or tax-deferred until you withdraw the funds during retirement.
It’s essential to consult with a financial advisor or tax professional to understand the specific tax implications of a gold IRA based on your circumstances.
Gold has demonstrated its ability to retain value over the long term. Unlike paper currencies that can be affected by inflation and lose purchasing power, gold has maintained its purchasing power throughout history.
By including gold in your IRA, you can preserve and grow your wealth over the long term, especially as gold has shown resilience during economic downturns.
One of the unique advantages of investing in a gold IRA is owning physical gold. Unlike intangible stocks or bonds, having tangible assets like gold provides a sense of security and ownership. You can physically hold and store your gold, giving you control over your investment.
Gold has historically acted as a hedge against various economic risks. In times of high inflation, economic crises or stock market downturns, gold has often maintained or increased its value.
Having a portion of your retirement funds in a gold IRA can offset the negative impact of these events on your overall portfolio.
Gold is a universally recognized and accepted form of value. It is traded and accepted worldwide, making it highly liquid. If needed, you can easily convert your gold holdings into cash or other assets, providing flexibility and accessibility in times of financial need.
Retirement Portfolio Protection
As you approach retirement, preserving and protecting your wealth becomes crucial. Including gold in your IRA can provide additional protection against potential market downturns or economic uncertainties that may arise closer to retirement.
Gold’s historical stability and ability to hold value can help safeguard your retirement funds.
Inflation erodes the purchasing power of fiat currencies over time. Gold has been considered an effective hedge against inflation, as its value tends to rise along with the cost of living. By investing in a gold IRA, you can safeguard your retirement savings from the erosion of inflation and maintain your purchasing power.
Gold IRAs can offer estate planning benefits by allowing you to designate beneficiaries for your precious metals holdings. This can help ensure a smooth transfer of your assets to your heirs, potentially avoiding probate and facilitating the distribution of wealth according to your wishes.
How Do You Withdraw from a Gold IRA?
Withdrawing funds from a gold IRA follows a similar process to withdrawing from a traditional IRA. Here’s a general overview of how you can withdraw from a gold IRA:
🏦 Understand the Rules
Familiarize yourself with the rules and regulations governing IRA withdrawals. Traditional IRAs are subject to specific requirements, such as minimum required distributions (MRDs) starting at age 72. Roth IRAs have different withdrawal rules, as contributions are made after tax.
🏦 Contact the IRA Custodian
Reach out to the custodian or financial institution that holds your gold IRA. Inform them of your intent to withdraw and inquire about their specific processes and requirements. They will provide you with the necessary paperwork and guidance.
🏦 Choose the Withdrawal Method
Decide how you want to receive your funds. You typically have several options, including:
- Cash Distribution: You can request a direct distribution from your gold IRA. The custodian will sell the gold assets in your account and provide you with the cash proceeds. Remember that selling the gold may incur transaction fees or potential taxes on any capital gains.
- In-Kind Distribution: Alternatively, you may take an in-kind distribution, where the physical gold is distributed to you directly. This means you will receive the actual gold coins or bars in your IRA. However, it’s important to note that the IRS has specific rules and restrictions around in-kind distributions and you may be subject to taxes and penalties depending on the value of the gold and your age.
🏦 Complete the Required Forms
Fill out the necessary withdrawal forms provided by your custodian. These forms typically require your account details, the amount or percentage you wish to withdraw and your preferred withdrawal method. Ensure that you provide accurate information to avoid any delays or issues.
🏦 Tax Considerations
Depending on the type of IRA and age, your gold IRA’s withdrawal may be subject to taxes. Traditional IRA withdrawals are taxable as ordinary income, while qualified distributions from Roth IRAs are usually tax-free. Consult with a financial advisor or tax professional to understand the specific tax implications based on your circumstances.
🏦 Follow the Custodian’s Process
Submit the completed withdrawal forms to your custodian, following their specified instructions. They will process your request and facilitate the withdrawal according to their procedures. The timeline for receiving your funds will depend on the custodian and the method you have chosen.
Diversifying your investments to include precious metals can provide several advantages for protecting your wealth and retirement funds. While Allegiance Gold has received positive ratings and is not considered a scam, there may be better choices for gold investments or gold IRAs when compared to other companies in the market.
When considering a gold investment or gold IRA, conducting thorough research and exploring multiple options is essential.
There are reputable companies with strong track records and a wide range of services tailored specifically for gold investments and gold IRAs. These companies may offer better customer support, competitive pricing, transparent processes and a broader selection of investment products.
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Before you are making an investment, make sure that you are choosing a trusted company to help you with your investment.