- Gold Avenue is a self-directed IRA custodian and precious metals investment firm.
- The company offers several IRA and precious metals accounts, as well as self-directed IRA rollovers.
- In this article, we provide an in-depth review of Gold Avenue to help you decide whether it is the right self-directed IRA custodian for your needs.
Gold Avenue is a self-directed IRA custodian and precious metals investment firm. It has been in business since 2010 and is based in Atlanta, Georgia. The company offers several IRA and precious metals accounts, as well as self-directed IRA rollovers. In this article, we provide an in-depth review of Gold Avenue to help you decide whether it is the right self-directed IRA custodian for your needs.
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Gold Avenue
Gold Avenue offers investors the ability to invest in physical gold bullion, and it offers an IRA account. Gold is a tangible asset, and Gold Avenue offers investors the ability to buy gold coins, bars, and precious metals.
Gold Avenue recently revamped its IRA product, which includes the following account options:
Gold IRA account: This account allows investors to add precious metals to their IRA. The account investors can purchase gold bars, coins, and precious metals.
Precious metals IRA account: This account is similar to the Gold IRA account. However, investors cannot buy gold bullion bars and coins.
Gold IRA Rollover Account: Investors can add precious metals to their IRA accounts by transferring funds from an existing IRA. Investors can also transfer funds from a 401(k). The account allows investors to purchase precious metals, and Gold Avenue offers the following precious metals:
Gold bars
Gold coin
Platinum
Palladium
Rhodium
Silver
Bitcoin
Pros Explained
The Gold Avenue website indicates that its clients are “individuals, advisors, and corporations”, and that its services “are designed exclusively for IRA accounts.”
The Gold Avenue website provides detailed information about its IRA offerings, including:
An easy to follow list of precious metals ETFs, including their ticker symbols, market capitalization, and year-to-date capital gains.
An explanation of which precious metals are permissible to hold in an IRA.
A breakdown of what types of IRAs Gold Avenue accepts.
Fees associated with the IRA custodian.
Cons Explained
Gold Avenue’s website doesn’t provide much detail about its offerings. This is slightly concerning.
Price
This fund has a minimum fee of .65% and .75% for balances over $50,000 and $100,000, respectively.
Expense Ratio
This fund has an annual expense ratio of 2.54%.
Performance
This fund’s three-year annualized return is 6.21%.
Distributions
This fund pays out monthly dividends.
Top Holdings
(Source: Morningstar)
Available Investments
Gold Avenue offers three investment choices: Gold Bullions, Gold Bullions+Coin, and Gold Bullions+Coin+Token.
Gold Bullions
These investments are 100% physical gold bullion bars and coins. They can be purchased in increments of 1 gram, 10 gram, 1 kilogram, 10 kilogram, and 100 kilogram.
Gold Bullions+Coin
These investments are 100% physical gold bullion bars and coins, plus digital gold backed coins. This investment offers all the benefits of Gold Bullions, while also providing investors with exposure to precious metals-backed coins.
Gold Bullions+Coin+Token
These investments are 100% physical gold bullion bars and coins, plus digital gold-backed coins, plus tokenized precious metals-backed securities. This investment offers all the benefits of Gold Bullions, while also providing investors with exposure to precious metals-backed coins, as well as tokenized precious metals-backed securities.