Getting Started with Priority Gold
To open a precious metals IRA with Priority Gold, investors must meet a minimum investment requirement of $20,000. The process begins with a consultation with a specialist, who will guide you in opening a self-directed IRA. Once the account setup is complete, Priority Gold assists in transferring or rolling over funds from your current 401(k) or traditional IRA into the new account.
After funding your account, you can choose from a variety of IRS-approved gold and silver options. These specialists go beyond typical sales roles—they act as advisors who work with you to ensure your portfolio aligns with your long-term financial goals. Importantly, not all precious metals qualify for IRA inclusion; collectibles or graded coins are generally not permitted under IRS rules. As of now, Priority Gold offers 18 IRA-eligible metal products available for selection.
For those more interested in purchasing physical metals outside of an IRA, Priority Gold provides online access to its inventory of gold and silver. Although prices are not listed directly on the site, investors can choose a desired investment range (e.g., $10,000 to $100,000) before adding items to their order.
While platinum and palladium are available through the company, they’re not displayed online. Interested investors can inquire directly for availability. If opting for physical possession rather than IRA storage, buyers can choose to have their metals shipped to a secure depository, safety deposit box, or their home—though secure storage remains strongly advised for valuable assets.
Buy-Back and Liquidation Services
When the time comes to liquidate your assets, Priority Gold offers a streamlined process. Investors can choose to sell directly back to the company at the current wholesale bid rate, allowing for fast and straightforward transactions.
Alternatively, those holding Investment Grade or Numismatic products for at least five years can take advantage of Priority Gold’s consignment service. In this model, the company helps you locate a buyer and facilitates the sale on your behalf. For this premium service, an 18% commission fee is applied. This option may be especially attractive to those seeking to maximize returns.
Fee Structure and Storage Costs
While Priority Gold itself doesn’t charge fees for gold or silver purchases, the associated trust company imposes some basic charges:
- One-time account setup fee: $50
- Annual custodial fee: $125
- Storage fees: Range from $100 to $175 per year (covered for first year if investment exceeds $50,000)
- Transaction/processing fee: Up to $40, depending on sale or shipping requests
Although product pricing isn’t published online, the Priority Gold website features a real-time pricing chart for gold, silver, and other metals. This resource allows investors to track price trends and compare metal values against benchmarks like the S&P 500, oil, and the U.S. dollar—an invaluable tool for making informed investment choices.
Customer Support and Accessibility
Priority Gold offers multiple avenues for customer support. Assistance is available via phone and email during normal business hours:
- Phone: 888-506-6439 (Available Monday–Friday, 8 a.m. to 6 p.m. CST)
- Email: info@prioritygold.com
Additionally, users can complete an online contact form to request follow-up. The company prides itself on swift response times—calls are typically answered within a minute. The website itself is rich with educational resources, including glossaries, articles, guides, blogs, and market tools to help you stay informed.