Preserve Gold Review 2024: Unmatched Buyback Program and Palladium Expertise
Best Buyback Program
Gold & Other Precious Metals
- No-fee buyback program
- Palladium experts
- Clear communication
- High minimum investment
- Limited product selection
- Undisclosed fees
Preserve Gold is one of our top choices for precious metals investing. It stands out among precious metal dealers for its no-fee buyback program, no liquidation fees, and expertise in palladium. The company provides a customer-centric experience and full transparency for potential investors.
For all its perks, Preserve Gold does have some drawbacks. These include fewer product offerings and potentially higher investment minimums compared to competitors. Here’s everything to know about what Preserve Gold has to offer, including its costs and customer feedback.
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What does Preserve Gold offer?
Preserve Gold caters to investors looking to diversify their retirement portfolios, as well as those seeking to invest in precious metals outside of their retirement funds. The company specializes in IRA-approved precious metals, including gold, silver, platinum, and palladium. Here are some of the main products it offers.
IRAs
Preserve Gold will set up your self-directed precious metals IRA so that you can begin holding physical precious metals as part of your retirement investments. The company works with a reputable custodian and depositories for IRS compliance. So, rest assured you will receive the tax savings as well as the long term benefits a precious metals IRA has to offer.
Eligible accounts for a precious metals IRA include:
- Traditional and Roth IRAs
- Traditional and Roth 401(k) plans
- Thrift savings plans (TSP)
- 403(b)
- 457(b)
- Simplified employee pension (SEP)
- Savings incentive match plans for employees (SIMPLE)
- Tax sheltered annuities (TSA)
Bars
Preserve Gold has a selection of 1 oz. bars available for purchase. These bars are sourced from reputable mints and are IRS-approved and ready to be added to your retirement account. A slight drawback is that these bars aren’t available to buy online and you’ll have to call to request pricing information.
Coins
Preserve Gold also stocks a variety of coins with popular options like the American Gold Eagle and Canadian Maple Leaf. These types of coins are brought by collectors and investors for their easy liquidity. Like the bars, you’ll have to call for pricing and to complete your purchase.
Buyback program
One of Preserve Gold’s standout features is its no-fee buyback program. Want to liquidate your investment? Sell back your metals to Preserve Gold, and there’ll be no liquidation fees. This is the peace of mind many look for when investing in precious metals.
How much does Preserve Gold cost?
Preserve Gold doesn’t publicly disclose its minimum investment requirements online. For specific details, you’ll need to contact the company directly. Most gold IRA companies have a minimum of $5,000 to $50,000.
We consulted with a representative directly and were told that its minimum investment requirement is $25,000 for an IRA and $30,000 in bullion to be eligible for the buyback program. Some competitors, like American Hartford Gold, have a $10,000 minimum for IRAs. Others, like Goldco, are slightly higher at $15,000 but are still more accessible for newer investors.
What do Preserve Gold customers say?
Many of the reviews on the most trusted review platforms applaud the patience and expertise of the Preserve Gold service representatives. Customers appreciated the company’s transparency, clear communication, and honest approach. Most reviewers say that they feel secure and confident in their decision to invest with Preserve Gold.
The ratings below highlight the company’s professionalism.
| Source | Rating | Number of reviews |
| Trustpilot | 4.8/5 | 68 |
| Better Business Bureau (BBB) | 4.9/5 | 46 |
| 4.8/5 | 46 |
Where does Preserve Gold store my precious metals?
IRS regulations require precious metals that are held in an IRA to be stored in an approved depository. Preserve Gold partners with trusted depositories like International Depository Services (IDS) and Delaware Depository for IRS compliance and to secure your investment. These depositories meet the strict IRS standards outlined in section code 408(m).
IRS-approved depositories are required to provide segregated storage, which means your metals are separated from others and must remain in their original form until they are either distributed or liquidated.
Can I see how my Preserve Gold investments are performing?
You can find your portfolio’s performance updates through Horizon Trust, Preserve Gold’s custodian. Log in to the Horizon Trust website to access the dashboard and real-time account information. The platform lets you easily track the value of precious metals with detailed charts and graphs.
As part of its commitment to customer service, Preserve Gold representatives also schedule portfolio review calls with its clients every 90 to 180 days. A combination of online data and personalized support puts your investment in full view.
How to open an account with Preserve Gold
Opening an account with Preserve Gold is simple. A service representative will guide you through the entire process.
- Initial call: Schedule a 15-minute call with a Preserve Gold representative to set up your account.
- Sign up: Receive your documents via email and electronically sign.
- Finalize and fund your account: It takes about seven business days to finalize and complete any rollovers. Once funded, Preserve Gold works with Horizon Trust to purchase metals for your account.
- Storage: Your metals are sent to your chosen depository within the Preserve Gold network.
How can I withdraw from my Preserve Gold account?
There are a few ways to withdraw from your Preserve Gold account and take possession of your assets:
- You can have your precious metals shipped securely to you.
- You can use the no-fee buyback policy and swap your precious metals into cash.
- If you are at least 72 years old, you must take required minimum distributions (RMDs) from your IRA.
Pros and cons of Preserve Gold
While Preserve Gold offers investors many benefits, and it’s a company we recommend, there are some disadvantages to know. Here are some pros and cons to help make a decision.
Pros
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No-fee buy back program
The program lets you liquidate your metals with no additional costs.
-
Palladium experts
Preserve Gold is highly regarded for its expertise in palladium, which is rare.
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Clear communication
You benefit from the company’s knowledgeable service representatives and their clear communication about services and pricing.
Cons
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High minimum investment
A $25,000 minimum for IRAs and $30,000 for buybacks makes Preserve Gold less accessible to smaller investors.
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Limited product selection
Preserve Gold has fewer products to offer compared to its competitors.
-
Undisclosed fees
You have to contact the company directly for more information which isn’t ideal if you are looking for online transparency.
Preserve Gold alternatives
If Preserve Gold’s higher minimums fail to meet your needs, you have other options—American Hartford Gold’s $10,000 minimum is a great option for small investors looking to get into a precious metals IRA.
Anthem Gold Group has attractive offers like free storage and account maintenance that appeals to new investors. Priority Gold is a good source for a precious metals IRA as well as collectible coins.
To learn more, visit our best gold IRA page and read our detailed reviews of each company. Also, check out our full list of reviewed personal finance companies to find the best alternatives.
How we rated Preserve Gold
We designed LendEDU’s editorial rating system 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.
We compared Preserve Gold to several gold IRA providers 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.
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