Anthem Gold Group Review 2024

Anthem Gold Group is a precious metals investment company based in Woodland Hills, California, specializing in gold, silver, platinum, and palladium products. The company helps clients diversify their investment portfolios by purchasing physical precious metals, either for personal ownership or through Precious Metals IRAs.

Key Services Offered by Anthem Gold Group:

Based on the information provided in the search results, here’s a table summarizing Anthem Gold Group’s products, unique features, fees, pricing, reviews, and ratings:

It’s important to note that Anthem Gold Group is a relatively new company, established in 2023, which explains the limited number of reviews available. The company appears to focus on customer education and personalized service, with a range of precious metal products suitable for both direct purchase and IRA investments.

Primary Services of Anthem Gold Group:

1. Precious Metals IRAs: Anthem Gold Group assists in setting up self-directed IRAs that allow investors to include physical gold, silver, platinum, or palladium in their retirement accounts. They work with custodians who are equipped to manage these types of IRAs and provide guidance on IRA rollovers from traditional retirement accounts like 401(k)s or Roth IRAs.
2. Direct Precious Metals Purchases: Clients can buy physical gold and other precious metals for personal investment. Anthem Gold Group offers various forms of bullion, including coins and bars from reputable mints, and helps with secure delivery or storage options.
3. Market Education: The company emphasizes investor education, providing resources and information about the benefits of investing in precious metals, especially as a hedge against inflation, economic downturns, or currency devaluation.
4. Buyback Program: Anthem Gold Group offers a buyback service where customers can sell their precious metals back to the company when they want to liquidate their investments.

The company markets itself to investors who are concerned about economic volatility and wish to protect their savings by diversifying into physical assets. Anthem Gold Group emphasizes transparency and personalized service to help investors make informed decisions.

Who are the People Behind Anthem Gold Group?

Executive Leadership

Anthem Gold Group appears to have a centralized leadership structure, with Jake Shulman serving as the primary executive. His roles within the organization are multifaceted:

• Owner: As the proprietor, Mr. Shulman likely holds the majority or sole ownership stake in the company.
• Principal: This title suggests he is the main decision-maker and possibly the founding member of the organization.
• Business Management Contact: This role indicates his direct involvement in the company’s operational aspects.
• Customer Contact: This designation implies he maintains a hands-on approach to client relations.

Organizational Structure

The company’s structure appears to be relatively lean, which is not uncommon for a nascent enterprise in the precious metals sector:

• Employee Count: With approximately 10 employees, Anthem Gold Group operates as a small business.
• Legal Structure: Registered as a Limited Liability Company (LLC), which is a common choice for small businesses due to its flexibility and tax advantages.

Company Background

Anthem Gold Group is a relatively new entrant in the precious metals market:

• Founding Date: Established on September 1, 2023
• BBB Accreditation: Obtained on October 26, 2023, indicating an early focus on establishing credibility

Analysis

The concentration of roles under Jake Shulman suggests a startup phase where the founder takes on multiple responsibilities. This is typical for new businesses in the precious metals sector, where personal reputation and direct client engagement are often prioritized.

The quick acquisition of BBB accreditation (less than two months after founding) demonstrates a proactive approach to building trust and credibility in a market where consumer confidence is paramount.

As a young company, Anthem Gold Group’s leadership structure may evolve as the business grows. It’s common for such organizations to expand their executive team and delegate responsibilities as they scale operations.

Anthem Gold Group presents as a nascent player in the precious metals market with a centralized leadership model. While this structure can allow for agile decision-making and a consistent vision, it may face challenges as the company grows. Investors and clients should monitor how the leadership adapts to manage potential growth and increased market presence.

What Products Does Anthem Gold Group offer?

Anthem Gold Group offers a variety of products focused on physical precious metals, including gold, silver, platinum, and palladium. Here’s a breakdown of the main products they provide:

1. Gold Products

• Gold Coins: Anthem Gold Group offers a range of popular, government-minted coins, including:
  • American Gold Eagle coins
  • Canadian Gold Maple Leaf coins
  • South African Krugerrand coins
  • Austrian Gold Philharmonic coins
• Gold Bars: Available in various weights, often produced by trusted mints like PAMP Suisse, Credit Suisse, and the Royal Canadian Mint.

2. Silver Products

• Silver Coins: Investors can purchase IRA-eligible silver coins, such as:
  • American Silver Eagles
  • Canadian Silver Maple Leafs
  • Austrian Silver Philharmonics
• Silver Bars: They offer silver bars of different weights and purities from well-known refiners.

3. Platinum and Palladium

• Platinum Coins and Bars: These include American Platinum Eagles and platinum bars.
• Palladium Coins and Bars: Anthem Gold Group also offers palladium for diversification purposes, often in the form of bars or coins from recognized mints.

4. Precious Metals IRAs

• Anthem Gold Group helps clients set up Precious Metals IRAs, which allow individuals to hold physical gold, silver, platinum, or palladium in their retirement accounts. They work with custodians to ensure that all products meet IRS standards for inclusion in IRAs.

5. Buyback Program

• The company provides a buyback service, allowing customers to sell their metals back to Anthem Gold Group at competitive prices.

These products aim to help investors hedge against inflation, market volatility, and currency devaluation. Anthem Gold Group also emphasizes investor education, offering resources to help clients make informed decisions regarding their precious metals investments.

Anthem Gold Group Fees:

Anthem Gold Group does not publish detailed fee schedules on its website, but typical fees associated with opening a Precious Metals IRA through the company include standard charges for setting up and maintaining an account. Here’s a breakdown of the general fees:

1. One-Time Setup Fee:

• $50 for setting up a self-directed IRA account.

1. Wire Transfer Fee:

• $30 for transferring funds into the IRA.

1. Annual Maintenance Fee:

• $125 per year for the administration of the IRA account.

1. Annual Storage Fee:

• $100 for the secure storage of precious metals in an IRS-approved depository.

Anthem Gold Group also advertises potential free storage for up to 10 years, depending on the amount invested, as well as free shipping for the metals. The specific conditions for qualifying for free storage are not detailed, so it’s recommended to speak with a representative for more clarity.

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Additionally, they claim to charge no fees for their Simple Re-Purchase Program, which allows investors to sell back their metals without extra costs.

It’s advisable to contact the company directly to confirm any specific fees and discuss potential promotions, as fees may vary based on the services used and the amount invested.

Anthem Gold Group Reviews:

Anthem Gold Group has received positive ratings across several review platforms, although it’s a relatively new company, founded in 2023.

1. Better Business Bureau (BBB): Anthem Gold Group has an A+ rating with the BBB. It is accredited and has earned strong reviews for its customer service. The average customer rating on the BBB platform is 5 out of 5 stars, based on feedback from clients who have highlighted their positive experiences with transparency and the ease of setting up IRAs.
2. Trustpilot: The company holds a 4.2 out of 5-star rating on Trustpilot, with reviews praising the professionalism of the staff and how simple they made the process of investing in gold.
3. Google Reviews: Anthem Gold Group has earned a 5/5 star rating on Google, indicating highly satisfied clients. Many customers commend the company for its excellent customer service and personalized investment strategies.

While the company has high ratings across platforms, it is important to note that the number of reviews is still relatively small due to the company being new.

Examples of Anthem Gold Group Reviews:

With his active attention to detail and adherence to current standards, Danny Desuse ensured that the journey through this process was a positive one. She never felt that she was just a client or another number. He understood and catered to the fact that she was a unique individual with her own set of values, aims, and goals, and she would, without hesitation, recommend Anthem Gold and Danny to anyone interested in investing in metals.

He spoke to a handful of companies before making the decision to choose Anthem to handle his investment. Their prices had been competitive, but above all, they had been chosen because the individual felt the most comfortable. They did not employ aggressive tactics and took the time to clarify the entire process while addressing all of their questions. He had limited knowledge about different investment strategies with gold beforehand, but they educated him further. He highly recommended speaking to them before making an investment with gold.

They called around and found that Anthem offered the best price on a buyback for their American Eagle proof set. They inherited them, so they did not really know what they were worth. After talking with the inventory specialist, he decided not to sell them as the specialist recommended holding them since gold was still going up. He greatly appreciated the honesty and information provided.

Are There Any Complaints Against Anthem Gold Group?

No.

I didn’t find any complaints against this gold IRA company. However, they have a robust customer support staff as evident in their online reviews.

Anthem Gold Group emphasizes providing strong customer support to resolve any complaints or issues that arise. Here’s how they typically handle customer complaints:

1. Responsive Customer Support

• Anthem Gold Group offers personalized customer service, with representatives readily available to address client concerns via phone, email, or chat. They focus on providing clear and prompt communication throughout the investment process.

2. Proactive Issue Resolution

• When complaints are raised, the company has a track record of resolving them by thoroughly explaining any issues, correcting misunderstandings, and offering practical solutions such as revisiting product selection or investment strategies. Anthem Gold Group has been commended for being patient and informative, ensuring that clients are comfortable with their decisions.

3. Simple Re-Purchase Program

• For customers seeking to sell back their metals, Anthem Gold Group offers a Simple Re-Purchase Program, which allows clients to liquidate their precious metals without additional fees. This can help resolve issues related to dissatisfaction with investments or market timing.

4. Transparency and Education

• Anthem Gold Group emphasizes transparency and investor education, which helps prevent potential complaints. They offer detailed explanations of fees, investment options, and market conditions. This proactive approach reduces the likelihood of misunderstandings that could lead to complaints.

5. Accreditation and Mediation

• As an accredited business with the Better Business Bureau (BBB), Anthem Gold Group follows BBB guidelines for resolving disputes. They respond to complaints through the BBB, aiming to achieve mutually satisfactory resolutions.

These approaches show that Anthem Gold Group prioritizes customer satisfaction by providing strong support and addressing issues quickly.

Does Anthem Gold Group Offer Gold IRA?

Yes, Anthem Gold Group offers Gold IRA services. They help clients set up self-directed IRAs that allow individuals to hold physical gold and other precious metals in their retirement accounts. This service includes guiding investors through the process of opening the IRA, funding it via a rollover from an existing retirement account, and purchasing eligible gold, silver, platinum, or palladium to be held within the IRA.

Custodian Partners:

Anthem Gold Group works with Equity Trust Company and STRATA Trust Company as custodians for their Precious Metals IRAs. These custodians are responsible for managing the administrative side of the IRA, ensuring compliance with IRS regulations for holding physical metals in a retirement account.

Storage Partners:

For the secure storage of precious metals, Anthem Gold Group partners with Delaware Depository, an IRS-approved facility known for its high-level security and insurance. They offer both segregated and commingled storage options, ensuring that investors’ precious metals are stored in a highly secure environment. Delaware Depository is a well-known storage provider in the industry, offering comprehensive insurance and protection for clients’ assets.

By working with these reputable custodians and storage providers, Anthem Gold Group ensures that its clients’ investments are safely managed and compliant with IRS regulations.

Some Interesting Gold Statistics:

1. Global demand:

• Total gold demand (including OTC investment) increased by 4% year-over-year to 1,258 tons in Q2 2024, the highest Q2 in the data series back to 2000 (Source).

1. Price performance:

• Gold prices surged by 12% year-to-date in 2024, outpacing most major asset classes.
• Gold reached an all-time intraday high of $2,265 per ounce on April 2, 2024 .
• As of September 13, 2024, the price of gold was $2,578.95 per ounce [Source].

1. Investment demand:

• Bar and coin investment was 261 tons in Q2 2024, 5% lower year-over-year [Source].

1. Central bank buying:

• Central bank net gold buying was 183 tons in Q2 2024, 6% higher year-over-year.

1. Regional trends:

• The US consumed 136 tons of gold jewelry in 2023, 5% lower than in 2022 .
• Europe consumed 70 tons of gold jewelry in 2023, 3% less than the previous year .
• Turkey’s annual gold jewelry demand reached an eight-year high of 42 tons in 2023, registering a 14% year-over-year growth .

Advantages of a Gold IRA:

Tax Advantages

Gold IRAs offer significant tax benefits, aligning with traditional retirement account structures:

• Tax-Deferred Growth: Similar to traditional IRAs, gains within a gold IRA are not taxed until distribution, allowing for potentially greater compound growth over time.
• Contribution Deductibility: For traditional gold IRAs, contributions may be tax-deductible, reducing current taxable income.
• Roth Option: Roth gold IRAs provide tax-free growth and qualified withdrawals, offering tax diversification in retirement planning.

Portfolio Diversification

Incorporating physical precious metals into a retirement portfolio serves several strategic purposes:

• Asset Class Diversification: Gold provides exposure to an asset class that often behaves differently from stocks and bonds, potentially reducing overall portfolio volatility.
• Non-Correlation: Gold’s historical tendency to move independently of traditional financial markets can help mitigate systematic risk.

Economic Hedge

Gold IRAs can act as a hedge against various economic factors:

• Market Volatility: Gold often exhibits counter-cyclical behavior, potentially offsetting losses in other asset classes during market downturns.
• Currency Devaluation: As a global store of value, gold can protect purchasing power against currency fluctuations.
• Geopolitical Risk: In times of geopolitical uncertainty, gold often serves as a safe-haven asset.

Inflation Protection

Gold has historically maintained its value during inflationary periods, making it an effective tool for preserving purchasing power over long time horizons.

Investment Flexibility

The self-directed nature of gold IRAs offers several advantages:

• Greater Control: Investors can make specific decisions about the type and quantity of precious metals in their portfolio.
• Broader Investment Options: Beyond traditional securities, investors can hold tangible assets within their retirement account.

Physical Asset Ownership

Owning physical gold provides:

• Tangible Value: A concrete asset that exists outside of the financial system.
• No Counterparty Risk: Unlike paper gold or gold stocks, physical gold doesn’t rely on the performance of a company or financial institution.

Account Conversion Flexibility

Gold IRAs offer straightforward options for diversifying existing retirement accounts:

• Rollover Options: Funds from 401(k)s, traditional IRAs, and other qualified retirement accounts can often be rolled over into a gold IRA without tax implications.

Long-Term Growth Potential

While past performance doesn’t guarantee future results, gold has shown significant appreciation over extended periods, aligning well with the long-term nature of retirement planning.

Security Considerations

Gold IRAs provide a secure storage solution:

• IRS-Approved Depositories: Physical gold is stored in secure facilities that meet strict IRS requirements, ensuring the safety and integrity of the investment.

While gold IRAs offer numerous advantages, it’s crucial to consider them within the context of a comprehensive retirement strategy. Factors such as higher fees, storage costs, and the lack of dividend income should be weighed against these benefits. As with any investment decision, thorough due diligence and consideration of individual financial goals and risk tolerance are essential when evaluating the role of a gold IRA in a retirement portfolio.

Anthem Gold Group Review: Summary

Anthem Gold Group is focused on helping investors incorporate precious metals into their portfolios, particularly for retirement planning. They offer comprehensive services, including setting up Precious Metals IRAs and assisting with direct precious metal purchases and sales.

If you’re interested in this type of investment, it’s important to research their fees, customer reviews, and consult financial professionals before making any commitments.

Anthem Gold Group Review 2024

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