Gold IRA Expert assistance in setting up a gold IRA No IRA rollover fees Opportunity for free storage, insurance and maintenance for up to 10 years 24-hour risk free guarantee Free shipping Simple Re-Purchase Program to liquidate gold Limited information on website Need to talk to a representative for pricing Only in business for one […]
The post Anthem Gold Group Review appeared first on LendEDU.
Best for no rollover fees
When you’re ready to diversify your investments with precious metals, Anthem Gold Group makes the process easy. The company was founded with the goal of offering gold, silver, and platinum products at competitive prices. It can also help you set up a gold IRA.
Anthem Gold Group began operations in Woodland Hills, California, in 2023. Since then, it has garnered numerous five-star reviews. The company promises expert guidance and world-class customer service. In this Anthem Gold Group review, we’ll take a closer look at what the company has to offer.
Table of Contents Skip to Section
You can purchase precious metals such as coins and bars from Anthem Gold Group, but many investors prefer the tax benefits of a gold IRA. At Anthem Gold Group, you’ll take a simple three-step process to open one of these retirement accounts.
Throughout this process, you’ll need to make several decisions, including:
When you open your account with Anthem Gold Group, you’ll purchase precious metals from its inventory. Once you have an established self-directed IRA, you can make future contributions from other gold dealers if you’d like.
It is common for gold IRA companies to charge an initial setup fee for the creation of your account plus ongoing annual service fees for its administration.
Anthem Gold Group doesn’t share a fee schedule online, but it advertises 100% free rollovers to move money from your current IRA to your new gold IRA. That comes with free storage for up to 10 years for qualified accounts. The number of free years depends on the amount you invest in the IRA.
According to an account manager for the company, the custodian and the depository assess all fees associated with gold IRAs set up through Anthem Gold Group. Anthem Gold Group does not charge any IRA fees. If a customer qualifies for free storage, the dealer will send a reimbursement check or provide an account credit for the amount paid to the custodian and depository.
Here’s how the fees break down for the first year:
| Cost | Details |
| One-time setup fee | $50 |
| Wire transfer fee | $30 |
| Annual maintenance fee | $125 |
| Annual storage fee | $100 |
The annual maintenance and storage fees are flat, regardless of your account’s value.
Anthem will also ship your metals for free, and it offers a Simple Re-Purchase Program that can make it easy to liquidate your gold when you’re ready to cash out. Anthem Gold Group states it charges no fees to use the program.
Of course, you’ll pay for the precious metals. With market prices for precious metals fluctuating on a daily basis, you’ll need to contact Anthem Gold Group to get pricing information on the items that interest you.
Anthem Gold Group doesn’t store metals, but it provides complimentary shipping to the Delaware Depository.
A depository is an IRS-approved facility that securely holds your precious metals until you would like to take distribution from your IRA. Depositories typically have enhanced security, and most carry significant insurance to protect against losses because of theft or natural disasters.
Popular depositories include the following:
Most depositories offer two storage options:
Segregated storage is more expensive than commingled storage, but some people prefer to know their gold is stored separately.
Once you’ve opened a gold IRA through Anthem Gold Group, you should get quarterly statements from Equity Trust. These could be mailed, sent electronically, or accessed online.
Each custodian’s statement may be formatted differently, but Equity Trust includes the following sections, among others:
The asset summary will list the value of your precious metals based on the current spot price, also known as the melt value. When you look at your first statement, don’t be surprised if this amount is less than you paid for your precious metals. Gold dealers add a premium—or markup—to their products, which the statement won’t show.
The spot price represents the value of your gold at a particular moment and isn’t necessarily the same as the price you’ll be able to charge when selling your gold in the future.
You can monitor your investment’s performance between statements by watching the daily spot prices for gold and precious metals online. Anthem Gold Group provides pricing and historical charts on its website, making it easy to see how much precious metals are worth today and where their prices are trending.
IRAs are subject to government rules. While you can make a withdrawal from a gold IRA at any time, you could lose tax benefits or even pay a penalty if you take a distribution too early.
Generally speaking, you must wait until age 59½ to make a penalty-free withdrawal from an IRA. Distributions taken before then may be subject to regular income tax plus a 10% penalty.
Once you reach age 59½, you can make withdrawals from your account as you’d like without fear of a penalty. If you have a traditional IRA, the value of your distribution will be subject to income tax. If you have a Roth account, withdrawals are tax-free.
You can use Anthem Gold Group’s Simple Re-Purchase Program to cash out your metals. You also have the option to make a withdrawal by taking physical possession of your gold, silver, platinum or palladium. In that case, the depository will ship the metals to you.
Anthem Gold Group has a robust selection of precious metals, which makes setting up a gold IRA easy. Along with an IRA account, the company offers benefits, such as free storage for up to 10 years and free shipping. Plus, liquidating your gold can be an easy process with the Anthem Simple Re-Purchase Program.
Still, this is a newer company with a short track record of success. Plus, it offers limited information on its website, so you’ll need to call for pricing details.
Overall, here’s what we consider to be the Anthem Gold Group’s pros and cons.
Pros
Expert assistance in setting up a gold IRA
No IRA rollover fees
Opportunity for free storage, insurance, and maintenance for up to 10 years
24-hour risk-free guarantee
Free shipping
Simple Re-Purchase Program to liquidate gold
Cons
Limited information on the website
Need to talk to a representative about pricing
Only in business since 2023
Although a new business, Anthem Gold Group is registered in California and accredited with the Better Business Bureau (BBB), earning an A-minus rating there.
So far, Anthem Gold Group has proven popular with customers and garnered numerous five-star reviews. Here are its current ratings on major review sites.
| Source | Customer rating | Number of reviews |
| Trustpilot | 4.6/5 | 22 |
| 5/5 | 45 | |
| Better Business Bureau | 5/5 | 30 |
Customers cite Anthem Gold Group’s excellent customer service. Some reviews also note that the company’s prices were better than those found elsewhere. As of this writing, no reviewers have left negative reviews for Anthem Gold Group.
LendEDU’s editorial rating system is designed to help readers find companies that offer the best Gold IRAs. Our system awards higher ratings to companies with affordable solutions, positive customer reviews, and online transparency of benefits and terms.
Anthem Gold Group was compared to several gold IRA companies, using hundreds of data points from company websites, public disclosures, customer reviews, and direct communication with company representatives. We weighted, scored, and combined each factor to produce a final editorial rating. This rating is expressed on a scale from 1 to 5, with 5 being the highest possible score. Our take is represented in our rating and best-for designation, recapped below.
| Product | Best for | LendEDU rating |
| Anthem Gold Group IRA | No rollover fees | 4.6/5 |
The post Anthem Gold Group Review appeared first on LendEDU.
