Our Review of Allegiance Gold: A Solid Investment for Your IRA
- Goldcorp Inc. (GG) is a Canadian mining company that recently became publicly traded.
- The stock has been trading under the ticker GG for some time.
- In 2018, Allegiance Gold Corporation (ALG) acquired a 1,200-acre mining property in Nevada that already held 1 million ounces of proven and probable gold reserves.
Allegiance Gold Corporation (ALG) is an exploration-stage gold and silver mining company that recently became publicly traded. The company's stock has been trading under the ticker ALG for some time. In 2018, the company acquired a 1,200-acre mining property in Nevada that already held 1 million ounces of proven and probable gold reserves.
Company Overview
Allegiance Gold is a gold-backed peer-to-peer lending marketplace. The company was founded in 2016 and is based in Miami, Fla. Allegiance Gold is a gold-backed peer-to-peer lending marketplace. The company was founded in 2016 and is based in Miami, Fla.
Products Offered
Allegiance Gold offers self-directed IRAs, 401(k)s, and 403(b)s.
Fees
Allegiance offers two types of accounts: traditional and Roth. The fees associated with each are as follows:
$15,000 minimum: $50 annual maintenance fee.
$0-$15,000: $50 annual maintenance fee.
$15,000 or over: $50 annual maintenance fee.
Key Advisors
Allegiance Gold is owned and run by a team of financial experts who are firmly rooted in the precious metals industry. Their team is led by Chris Martenson, who has already achieved success and notoriety in the investment and financial arena. Chris is most well known for his YouTube channel, The Crash Course. The channel was launched in 2012 and has amassed more than 2.6 million subscribers and more than 1.2 billion video views on financial topics.
Also on the team is Brian Maher, who serves as the chief investment officer. Maher has a Master's Degree in economics from Pepperdine University. Maher's resume includes 15 years of investment experience, with the last 10 years spent teaching investors how to invest wisely.
Other members of the Allegiance team include Jason Burack, the director of portfolio management; David Clark, the chief operating officer; and Lisa Clark, the chief marketing officer.
Customer Service
Support is available at all hours by phone, email, or online chat.
Fees/Commissions
Allegiance Gold charges $0.75 per transaction, and $20 per month for account maintenance. There are no account minimums, and there's an annual fee of $100.
Trading and Funding Options
For funding, Allegiance Gold accepts cash, checks, and bank wires. You can fund your account via check or cash at any SunTrust branch nationwide, and via wire transfer. You can fund your account via check or cash at any SunTrust branch nationwide, and via wire transfer.
Available Funds
The Allegiance Gold Fund (ALTX) is a no-load fund, which means it has no front-end or back-end sales charges. However, it does have an 8.75% annual expense ratio, which is a bit higher than the average mutual fund.
Other funds include Allegiance Gold/Silver Fund (AGSSX), Allegiance Gold/Silver/Platinum Fund (AGPSX), and Allegiance Precious Metals Fund (AGPX). These funds have expense ratios in the range of 1.06% to 1.53%.