Gold Trust Precious Metals Gold IRAs Review

Gold Trust Precious Metals offers customers who are saving for retirement and other investors the opportunity to diversify their holdings. Customers can convert all or part of their traditional retirement savings accounts, including 401Ks, IRAS, 403ba, into IRS-approved precious metal accounts. They can also purchase precious metals and hold them outside one of these accounts, though doing so does not afford the same tax-savings benefits. Gold Trust Precious Metals sells gold, silver, platinum, and palladium bars and coins. 

We give the company credit for offering a somewhat more balanced viewpoint on their site than some other precious metal investment companies. Many sites try to convince customers to convert all of their assets to precious metals, but Gold Trust Precious Metals allows that maintaining investments in stocks and other traditional investment vehicles is advisable. They support the concept of diversification.

Through a series of articles published on their site, the company also offers a range of viewpoints on which precious metals to invest it. Interestingly, since their company name includes the word "gold", there are several articles that suggest, at least for the time being, silver and platinum are better invesment choices than gold. They advise rather strongly against investing in palladiium. They also point out that while purchasing gold coins is popular—it's a way to buy just a small amount of gold—that coins are not the most efficient way to purchase precious metals, due to the built-in manufacturing costs. 

What concerns us about Gold Trust Precious Metals is the relative dearth of information they provide customers who are just "shopping around" for a gold investment company. Their FAQ section is very general and tells you nothing about Gold Trust's own services or business practices. They don't, for example, tell you anything about the fees they charge. They don't say whether your gold purchases will be held in IRS-approved facilities or whether your investment is insured. In order to learn more about Gold Trust Precious Metals, you must get on a phone call with one of their sales representatives. Like nearly every other gold IRA company, they advertise a "free gold kit," but when we requested one and provided an email address, no kit was delivered. In addition, Gold Trust Precious Metals' privacy policy states that once you provide your contact information via their website, the company may sell it to their affiliates. That opens customers up to a lot of intrusive marketing activity. All of this makes comparing Gold Trust Precious Metals against its competitors a challenging proposition.