Last Updated on April 17, 2024 by Ben
Fortress Gold Group
Fortress Gold Group is a leading precious metals company that has been in business for over a decade. They offer a wide range of gold and silver products, including coins, bars, and rounds. Their products are available for purchase online or through one of our many retail partners. They are dedicated to giving the highest quality products and services to their customers.
Fortress Gold Group Review: Can They be Trusted with Your Savings?
What is Fortress Gold Group?
Fortress Gold Group is a company based in California that deals with precious metals. It was founded in 1995 and then became a privately held corporation in 2007.
Moreover, the company specializes in the ownership of precious metals. But they are not getting any new customers right now.
This company was started in 1995 and did things with gold. They sell it to people to save money. Give information about the company and where it is located.
History
Fortress Gold Group started in 1995. It was incorporated in 2007. It is located in Sherman Oaks, California. The company also has alternate names like Market Holdings Inc. and Figure Eight Enterprises, according to the BBB listing.
Fortress Gold Group is a member of the American Numismatic Association and the Industry Council for Tangible Assets. They are also an authorized dealer of Numismatic Guaranty Corporation and the Professional Coin Graders Service. They are a company that specializes in converting retirement accounts into “Home Storage IRAs.” Many people have invested in their services, and the company has even made it onto Inc.’s exclusive ranking of businesses. The 500 list of the fastest-growing private companies in the United States includes Edmund C. Moy, who became Fortress Gold Group’s chief strategist in September 2014.
FGG was focused on precious metals and traditional metal IRA business from 1995 to 2015. However, it seems that the company changed its focus to LLC and Home Storage IRAs in recent years. In addition, FGG and its subsidiaries are now involved in business lending, real estate, and cryptocurrency.
Clients have said that the company is not responding to phone calls or emails. The company’s YouTube videos are unavailable. Fortress Gold Group is no longer an accredited business with the BBB.
Investing in Precious Metals
Fortress Gold Group allowed people to invest in precious metals. Unfortunately, their website is currently down, so it is difficult to find out more information about the products they offer. It is also difficult to determine whether they only offered gold and silver bullion or whether they also had the option to invest in platinum, palladium, or rare coins.
Is Fortress Gold Group a Scam?
It does not seem like Fortress Gold Group was a scam company. But now, their website is not working, and they are not accepting new customers; they do not recommend using them to purchase precious metals. Even if you wanted to, it does sound like you would be unable to.
Even if there is a company called Fortress Gold Group, we would still tell you to work with another company that deals with precious metals investments. Some people have had trouble getting through to a sales representative to buy something or to ask a question about their purchase. But many reviews for the company are positive.
Many other precious metals investment companies have received the Better Business Bureau’s accreditation. The company has not had this accreditation, and they also had a B- rating with the BBB (with an A+ as the highest possible rating). The BBB gave this company a poor rating because they didn’t respond to a customer complaint.
Fortress Gold Group only offered people the chance to invest in gold and silver. They did not offer people the chance to buy platinum or palladium, so you wouldn’t be able to diversify your portfolio as much as some other precious metal investment companies.
The website did not have any information about fees and commissions. This information is important for helping individuals choose the right company to work with. But the lack of transparency makes you wonder how much you will have to pay.
Fortress Gold Group did not have live chat services, unlike some other gold investment companies. You would only have been able to reach the company by phone or email, which are not always the most convenient options.
Gold IRA Setups
Even though Fortress Gold Group has not declared bankruptcy and seems to still be in business, the company has been unresponsive to client calls and inquiries over the last few months. Their website is not working, and they are not accepting new customers. People have been trying to reach them by phone, but no one is answering. Their email address is also not working.
Every precious metal investor needs to have a relationship with a dealer who can help them. You can switch gold dealers as many times as you like and it doesn’t cost anything to switch dealers. Any dealer can help you with your coins or Metal IRA, even though you may have bought the coins or opened the IRA with someone else.
- Physical Delivery
- Evaluations
- 401(k) Rollovers
- IRA Transfers
- IRA Distributions
- Liquidations
- IRA Custodian Selection
- LLC IRAs
How Does it Work?
The 3-Step process designed by the company’s IRA Specialists
- Application
- Transfer of funds
- Allocation
The products and services offered.
- Gold Coins
- Silver Coins
- Silver & Gold IRA’s
If you choose Fortress Gold Group, they promise to provide the following:
- Having knowledge of the market activity and forecasts is important.
- The fastest metal shipment in the industry is 72 hours.
- The fastest way to retire is by converting your savings into retirement funds within four days.
- The company is completely dedicated to their clients’ success when it comes to their finances.
Fortress Gold Group partners with Brinks. You can choose any of the depositories in these cities to store your precious metals:
- Salt Lake City
- New York
- Los Angeles
Fees and Commissions
The website does not have information about the fees. They didn’t show how much money you would need to pay for their services. This lack of information makes it hard to compare companies when you are trying to decide whether or not to work with them.
Fortress Gold Group Ratings and Reviews
The BBB has rankings for companies. It doesn’t look like Fortress Gold Group is the best. You can check it below:
- BBB – C Rating, not BBB accredited, three complaints, no customer reviews
- BCA – AAA rating, no reviews
- Trustlink – 5 rating with 23 reviews
- Trustpilot – 4.6 rating with 37 reviews
Pros & Cons of Fortress Gold Group
Pros
- Has been in business for a very long time
- It offers a variety of precious metals
Cons
- Currently not accepting new customers
- The website is currently down
- Not much information on its website
- No IRA services
- Fewer people have given reviews about this company because not many people have used it.
Alternatives
Augusta Precious Metals
www.augustapreciousmetals.com
Star Rating
Augusta Precious Metals is a full-service family-operated precious metals IRA company. The firm, which has over five decades of experience in the precious metals business, is dedicated to assisting investors in achieving better savings and investments.
The service-oriented firm collaborates with investors to create wealth and guarantee a pleasant retirement with silver or gold IRAs. Augusta Precious Metals demonstrates its professionalism and care as a gold IRA business by attending industry organizations.
Augusta Precious Metals has an excellent reputation among investors and consumers. The Business Consumer Alliance AAA rating and the Better Business Bureau A+ approval are just two of its accolades. TrustLink gives it a 5.0-star rating. On social networks such as Facebook, many customers praise it.
American Hartford Gold
www.americanhartfordgold.com
Star Rating
A financial services provider based in Los Angeles, California, is American Hartford Gold, which provides precious metals investment services. It was founded in 2015 and is located in Los Angeles, California. The company sells a variety of IRA-approved bullion as well as collectible coins. In the catalog, gold, silver, and platinum items are available.
Customers can also open a Gold IRA with American Hartford Gold in three simple steps. In addition, retirement savers may use the firm’s easy-to-use online platform to create a Gold IRA. Customers have a choice of three depository companies for the safe storage of metals assets.
The firm has a strong dedication to educating its consumers. It contains a free Gold & Silver Information Guide, as well as an entire section dedicated to “Market News and Charts.” The aforementioned part offers a plethora of articles on a range of subjects – all with the goal of informing readers about precious metals investment.
Goldco
www.goldco.com
Star Rating
A Goldco self-directed gold and silver individual retirement account (IRA) is ideal for people seeking hands-off asset diversification. While these IRAs are restricted to a single asset class, they give investors the ability to hedge against paper assets by investing in precious metals.
You don’t have to spend time researching the market when deciding which investments to put in your precious metals IRA. Instead, choose from Goldco’s selection of gold and silver bullion and fund your account. Goldco’s precious metals IRAs work in the same way as standard and Roth IRAs, providing a tax-advantaged retirement savings vehicle for people who wish to invest.
Conclusion
Fortress Gold Group is a company that understands the power of gold and how to leverage it in order to provide security for its clients. With over two decades of experience, Fortress Gold Group has never failed to meet the needs of its customers. Whether you are looking for an investment in physical gold or want to ensure your assets with a tangible form of wealth, Fortress Gold Group is here to help.