Welcome to an insightful exploration of a company where the timeless allure of precious metals converges with a faith-driven attitude. In this comprehensive Genesis Gold Group review, the focus is not just on the services offered by the company but on unraveling the essence of its principles.
This guide will look at the depth of its industry expertise and the unique blend of financial stewardship and wisdom. Discover the areas that make this business a distinct player in the precious metals arena.
But before we get started with this review, here is something important that you should know!
I realize that choosing a company to invest your life saving is an integral decision. Because of this, I do my best to ensure the validity of information mentioned in my articles! I do all of this to guarantee you pick the best financial choices for them.
After carrying out through research and reviewing dozens of companies, I created a list of various gold companies and their reviews. It should help you in deciding the company most suitable for you and your needs.
You can check this list to see if Genesis Gold Group is something I recommend!
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Table of Contents
- 1 Genesis Gold Group: A Brief Overview
- 2 What Makes Genesis Gold Group Stand Out?
- 3 Pros & Cons Of Genesis Gold Group
- 4 Who Should Consider Genesis Gold Group?
- 5 Genesis Gold IRA Service
- 6 Types Of Products Offered By Genesis Gold Group
- 7 Get Your Free Gold Guide
- 8 Genesis Gold Group Reviews, Ratings & Complaints
- 9 Conclusion
Genesis Gold Group: A Brief Overview
In the realm of wealth preservation through gold and silver, Genesis Gold Group stands as a beacon because of its services and faith. Drawing inspiration from biblical wisdom, the company believes that man-made currencies symbolize instability.
From a rich history of over 50 years of combined experience to a commitment to educating investors, this review will dissect every aspect that defines the essence of Genesis Gold Group.
The battle between paper money and gold and silver is the basis of the company’s principles, emphasizing the historical importance of these precious metals. The company tries to transcend traditional precious metals dealers.
Genesis Gold Group Members
In this section, you can look into the core leadership of Genesis Gold Group, shedding light on the individuals steering the company.
Each member plays a crucial role in shaping the company’s identity and impact:
1. Jonathan Rose – Chief Executive Officer
- Co-founder and CEO of Genesis Gold Group.
- He boasts over 20 years of experience in precious metals investments.
2. David Holland – Director of Philanthropy
- Oversees Genesis Gold Group’s charitable giving program.
- The company allocates a portion of its income to charity every month.
Open to customer recommendations for future donations.
3. Jacob Diaz – Chief Financial Officer
- Co founder and CFO of Genesis Gold Group.
- Brings several years of expertise as a senior broker.
- Holds a degree from Loyola Marymount University.
4. Brad Garrett – Chief Operating Officer
- Co founder and COO of Genesis Gold Group.
- Previously served as a senior account executive.
- Bachelor’s degree in business from Western Oregon University.
What Makes Genesis Gold Group Stand Out?
A company that cannot separate itself from its competition cannot last long. Here are all how this one can stand out from the crowd and make itself different.
- Biblical Wisdom And Financial Stewardship: Genesis Gold Group combined biblical principles with financial stewardship, and the company proudly wears its faith-based perspective on its sleeve. This approach is at the forefront of the company’s mission.
- Diverse Range Of Precious Metals: Genesis Gold Group ensures customers have various options to diversify and fortify their portfolios. There is also the inclusion of a free definitive gold guide.
- Educational Resources And Industry Comparisons: The company goes beyond transactions to educate potential investors. Its blog delves into insightful articles that aid customers in understanding various asset classes.
- Custodian And Depository Collaboration: This company facilitates the opening of self-directed IRAs for precious metals storage by collaborating with industry-leading custodians and depositories. This ensures the security and management of customers’ investments.
Pros & Cons Of Genesis Gold Group
While faith is a powerful tool, can it be used to run a business regarding precious metals? This young company certainly thinks this is why, and despite a low number of reviews across the board, the ones they can get show a good and positive outcome.
Here are all the things the company does right and the ones that could use some work:
- The company has a wide range of products across four different metals, which makes it great for diversity.
- This business is big on education and will guide you through every step regarding IRAs.
- Being members of corporations such as the NGC means that they have access to quality mints.
- Many of their profits are donated to charity to help the unfortunate.
- Prices are not visible on their website and require a phone call.
- They are not directly responsible for your IRA accounts, so you must worry about the custodian and their fees.
- There is no mention of shipping procedures on their website either; instead, they ask you to call them.
Who Should Consider Genesis Gold Group?
Genesis Gold Group’s services cater to a distinct set of investors. It provides them with unique advantages and tailored solutions.
Consider choosing Genesis Gold Group if you align with the following characteristics:
- Investors who resonate with a faith-based approach to precious metals investments.
- Those who prioritize the preservation of wealth for future generations.
- Individuals looking for alternatives to traditional investments.
- First-time buyers and investors.
- Investors with a desire to contribute to charitable causes
- People looking to diversify their portfolios with physical precious metals.
- Retirees looking to maximize control over their retirement assets.
Genesis Gold Group is specifically designed to meet the needs of investors who resonate with these characteristics, offering a unique blend of faith-based principles, educational resources, and secure investment options.
Genesis Gold IRA Service
Many investors want to open an IRA account; lucky for you, this company will help you. There are a few things that you should know regarding this service, specifically the company’s role in it. Additionally, for those new investors, you may be confused about what an IRA is.
All these concerns will be addressed below. For now, you should know that they work with various legitimate custodians.
What Is A Gold IRA?
The self directed IRA, called gold IRA, emerges as a strategic means to fortify your savings. This private account goes beyond conventional IRA limitations and incorporates physical precious metals.
Gold IRAs have steadily gained favor among investors as traditional dollar-backed investments lose value. Compliance with strict IRS regulations ensures that only precious metals of the highest fineness can be included in the gold IRA.
The Genesis Gold Group provides IRA-eligible products to its clients. Their dedicated team guides first-time buyers and experienced investors through an easy-to-follow process to set up their gold IRA. This will be explained further in the guide.
Purchasing precious metals within the gold IRA may render clients eligible for specific tax reductions. The gold IRA provides an alternative to traditional 401k.
How To Get Started A Gold IRA With The Company
When you want to set up a gold IRA with Genesis Gold Group, there are three easy steps you need to follow.
- Fill out the IRA application form, which you can do either electronically or by physical mail. Genesis Gold Group works with trusted self directed IRA custodians to move your gold IRA rollover forward. They have a team that can help you through the application process.
- If you have any existing funds, Genesis Gold Group will assist you in transferring them to your IRA. This process is tax and penalty-free for qualified retirement funds.
- The Genesis Gold Group team will help you buy precious metals like gold, silver, platinum, and palladium, which will be securely stored at the Delaware Depository.
It’s important to note that employer-sponsored accounts like 401(k) may have specific requirements for a tax-free transition, but most permit tax-free rollovers once you leave that employer.
Additionally, there are specific limits on how much you can contribute to IRA accounts, which vary based on age. Those under 50 can deposit up to $6,000 annually, while those 50 and older can deposit up to $7,000 per year.
Set Up Fees
Various trust custodian partners of Genesis Gold Group employ distinct fee structures for account setup, custodial responsibilities, and precious metals storage. This means there is no fixed price, and you must explore all options and weigh which one resonates with you.
Eligible Precious Metals
Clients can use their retirement funds to invest in an Individual Retirement Account (IRA) if they want to put their money into a gold IRA. To be eligible, the precious metals they choose must have a fineness of at least 0.995 or higher, which is equal to 24 karats.
These metals should also have been stamped by refiners approved by NYMEX or COMEX. Fortunately, the company sells a variety of these metals, so it shouldn’t be difficult to find them.
Here is an example of eligible gold coins:
- American Eagle
- Canadian Maple Leaf
- British Britannia
- Austrian Philharmonic
Securing physical metals in a high-security and insured storage facility adds peace of mind. It also increases the security and accessibility of your metals. By doing business with this company, you can have title ownership options for segregated or nonsegregated storage.
Genesis Gold Group facilitates necessary liquidations on top of Required Minimum Distributions. Another thing to note is that you can also choose their partnered storage facility, Delaware Depository. This facility is the nation’s most trusted and secure depository backed by major exchanges.
Types Of Products Offered By Genesis Gold Group
Like most companies, you will find that Genesis Gold Group has a good array of precious metals available in 4 base metals.
This section will show you the products that you can get your hands on as well as the categories that they are available in:
- Gold Coins & Bars: The most available and sought-after precious metal in terms of investment.
- Silver Coins & Bars: The next best precious metal to look for when getting into precious metals.
- Platinum Coins: A rare precious metal great for expanding your precious metal portfolio.
- Palladium Coins: Yet another great metal for the further diversification of your assets.
All these metals and their specific products can be found on the company’s website, but you must keep track of their prices by asking company representatives.
Get Your Free Gold Guide
The company extends an IRA Kit that is meticulously designed to empower investors. It serves as an invaluable resource that provides clear insights and actionable steps.
Here are the main benefits for which you should check out the kit:
1. Educational Resources
- In-depth guides and educational materials on the intricacies of gold IRAs.
Comprehensive explanations of IRS regulations.
2. Step by Step Instructions
- Clear and concise instructions for starting a gold IRA setup process.
Break down the three seamless steps to establish a Genesis Gold IRA.
3. Custodian Partnership Information
- Insightful details about trusted custodian partners.
Information on how these custodians facilitate funds transfer and rollovers.
4. Precious Metals Portfolio Insights
- Guidance on crafting a diversified precious metals portfolio.
Specifics on the eligibility criteria for precious metals.
5. Storage and Security Highlights
- Information on secure storage facilities.
Details on segregated and nonsegregated storage options.
6. Tax Implications and Benefits
- A breakdown of tax implications.
- Insights into potential tax reductions.
By having this kit, you can gain a comprehensive understanding of gold IRAs and precious metals investments, empowering you to make informed decisions. Newer investors can gain simplified instructions and access information about reputable custodians.
You can also learn to strategically allocate funds and about diversification insights for a balanced portfolio. This is all while understanding secure storage options and various tax implications.
Genesis Gold Group Reviews, Ratings & Complaints
With an impeccable A+ rating from the Better Business Bureau and various other sites, Genesis Gold Group has also been getting a lot of good word of mouth regarding reviews. This is most visible on the BBB website, where 31 people have given full 5-star reviews.
While customer reviews are low for this company, virtually all are positive, and none have raised any complaints. The only complaints are the ones raised by various websites that have been mentioned above.
As this exploration winds down and this Genesis Gold Group review draws close, it becomes abundantly clear that Genesis Gold Group is in a league of its own. In light of the comprehensive insights unveiled in this review, the recommendation comes with genuine enthusiasm.
Genesis Gold Group is a commendable choice mostly due to its commitment to integrity and the educational resources offered. It earns a resounding endorsement, and readers are encouraged to consider the company for their precious metal endeavors.
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Martin Thomas, the owner of Quadra FNX Mining, is a true gold investment aficionado. With decades of experience and a wealth of knowledge, he is the go-to source for anyone navigating the vast world of precious metals. Martin has dedicated decades of his life to understanding the intricacies of the precious metals market and the best strategies for maximizing returns. His expertise in this field is unmatched, and his commitment to helping others make informed investment decisions is unwavering. With him as your guide, you’ll gain a deeper understanding of the gold market and learn how to make smart investment choices that will benefit you for years. With his guidance and wisdom, you will never have to worry about taking the wrong investment step again. Learn more about Martin.