USAGOLD Review: Scam Risk or Safe To Invest?

June 26, 2023

Investing in gold and silver has become increasingly popular in recent years as investors look for ways to diversify their portfolios and protect against economic uncertainty.

With so many companies offering gold investments, it can be difficult to know which ones are safe and reliable. One company that investors may be considering is USAGOLD.

With over 50 years of experience in the industry and a reputation for excellent customer service, USAGOLD appears to be a trustworthy option for those looking to invest in precious metals.

As the saying goes, 'all that glitters is not gold.' While there are certainly reputable companies out there, there are also those that engage in fraudulent behavior or fail to deliver on their promises.

This can be particularly concerning when it comes to investing large sums of money.

In this article, we will provide an objective review of USAGOLD and assess whether it is a safe company for gold investments and IRAs. We will examine the company's history, management team, storage options, products and services offered, online reviews, and more to help readers make informed decisions about whether or not USAGOLD is right for them.

Before we get started, investing your savings is a serious task. When it comes to adding precious metals to your portfolio, how do you know which companies to trust?

That is why we have researched every company in the industry and selected the very few with the highest customer service standards.

This way you can easily compare the best companies in the business, and choose one that fits your needs and investment goals.


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Brief Company History of USAGold

USAGOLD's growth from a Denver-based over-the-counter precious metals and fine art outlet to a nationally known and respected investment firm with a major online presence, all starting from humble beginnings in 1973, is an impressive feat that reflects the company's strong client-focus and adaptability to changing market conditions.

Following the end of the Bretton Woods system by President Richard Nixon in 1971, gold became an essential currency hedge for investors seeking to protect their portfolios against inflation.

USAGOLD recognized this trend early on and transitioned rapidly into an investment firm, Centennial Precious Metals, which focused strongly on clients seeking precious metals investments.

As one of the initial precious metals brokerages on the internet in 1997, Centennial Precious Metals gained distinction as a highly client-focused firm that offered top-quality services from order initiation to product delivery.

This led to its ownership of the URL and rebranding as USAGOLD, attaining domestic and global prominence.

The company has continued to expand over time with nearly 50 years in the gold industry under its belt. With its elite website offering advanced technology for analysis and commentary, live market pricing, charts, educational content, among others; thousands of investors have benefitted from using it.

Although there are limited customer reviews about USAGOLD available online due to confidentiality concerns surrounding precious metal transactions; their reputation as a highly rated gold company in the US with good business practices speaks volumes about their reliability.

It is safe to invest with them if you seek trustworthiness and superior market insight while making profitable precious metal investments.

Management Team at USAGOLD

The management team at the gold investment company has been a significant factor in its success and longevity in the industry, with founder Michael Kosares being a respected expert and author on the topic of gold investing.

He has provided valuable insights into the market and helped thousands of clients make profitable investments over the years.

Jonathan Kosares, Michael's son, joined the firm in 2002, adding another layer of expertise to USAGold. The father-son duo has worked hard to maintain USAGold's reputation as a trustworthy and reliable company.

They have a low turnover rate in staff, and their back-office staff has been with them for many years. This consistency helps build trust among clients who value stability when it comes to managing their investments.

The friendly, knowledgeable staff members can assist clients with well-informed answers to their queries about precious metals investing.

Ultimately, while there may be some concerns about scam risk when it comes to any investment opportunity, USAGold is generally considered a safe option for those looking to invest in gold or create an IRA focused on precious metals.

With an experienced management team at its helm that values customer satisfaction above all else, USAGold offers a professional approach to guiding clients towards making profitable investments that align with their financial goals.

USAGold Storage and Custodians

Like a fortress protecting its treasure, the Delaware Depository offers secure storage options for precious metals investors partnering with USAGold.

Both locations in Wilmington, Delaware and Seal Beach, California offer segregated or non-segregated gold storage choices that cater to the diverse needs of investors.

The depository facilities are insured through Lloyd's of London, a well-established international insurance company.

As an investor seeking to make profitable investments in precious metals, selecting a reliable custodian is crucial.

USAGold recognizes this need by partnering with Delaware Depository to provide safe and secure storage plans for clients' precious metals holdings.

With more than 50 years of experience in the industry and without a single complaint, USAGold is known for offering trustworthy services that prioritize customer satisfaction above all else.

USAGold's partnership with Delaware Depository provides top-notch storage and custodian services essential for any serious investor looking to make productive investments in precious metals. These services have been designed to meet the unique needs of various clients ranging from individuals to companies with diverse investment portfolios.

When considering investing in precious metals or opening an IRA account, it is wise to consider partnering with USAGold as they offer safe and secure depository storage plans that will help ensure you reap maximum profits from your investment portfolio while minimizing potential risks.

USAGOLD Products and Services

Investors seeking to diversify their portfolio with gold and silver assets can choose from various products in the USAGOLD inventory.

The company's selection includes IRA-approved coins and bars, historic U.S. gold coins, historic fractional gold coins, and collectibles.

Among the IRA-eligible products are American Gold Eagle, American Gold Buffalo, Canadian Gold Maple Leaf, Gold Austrian Philharmonic, and Gold Australian Kangaroo.

For silver investments, clients can choose Silver Canadian Maple Leaf, American Silver Eagle, and Silver Austrian Philharmonic.

USAGOLD offers a user-friendly Order Desk on its website that enables clients to purchase gold and silver investment assets at any time of the day or night.

The portal is password-protected for security purposes. However, it should be noted that USAGOLD does not offer palladium or platinum investments at present.

USAGOLD has garnered a positive reputation among investors seeking trustworthiness and reliability in precious metals investments for retirement portfolios.

With its extensive product selection and advanced technology for analysis and commentary on live market pricing charts along with educational content, clients receive professional guidance in making profitable investments without high-pressure tactics or strategies used by some companies in the industry.

How to Set Up a Gold IRA or 401(k) Rollover with USAGOLD

Establishing a precious metals IRA or 401(k) rollover can be a straightforward process with the assistance of knowledgeable staff members at USAGOLD, akin to navigating through familiar territory.

Clients can set up an account online or by phone and receive help from friendly staff members to complete the forms.

With self-directed plans, investors have the freedom to make their own investment choices and decisions while adding available options for investing, including precious metals.

USAGOLD offers a range of products and services for clients looking to invest in precious metals, including historic U.S. gold coins, historic fractional gold coins, varied collectibles, IRA-approved gold and silver bars and coins, as well as contemporary gold bullion coins.

USAGOLD partners with Delaware Depository for safe and secure depository storage plans.

The company also provides top-grade services from order initiation to product delivery with well-informed answers to clients' queries.

Incorporating physical gold assets into an individual retirement account (IRA) or 401(k) rollover can be a good investment strategy for those seeking alternative investments that offer protection against economic uncertainties.

Investors who are conservative and want to avoid risk may find it beneficial to purchase precious metals such as bullion and coins for their self-directed IRA opened via trusted firms like USAGOLD.

Setting up an account is neither costly nor time-consuming; clients can do so online or by phone with assistance from friendly staff members at any time.

USAGOLD Online Reviews

The Better Business Bureau website currently displays all positive reviews of USAGOLD, with an average rating of 5 out of 5 stars among 15 reviewers. 

These reviews indicate that clients are satisfied with the service and products offered by USAGOLD. The gold firm has a successful history and a stellar record for customer attention, service, and ultimate profitability.

Online reviews can be helpful in making investment decisions in the precious metals industry.

Reviews provide insights into the experiences of other investors who have worked with the company. While it is important to consider these reviews, investors should also conduct their own research before making any investment decisions.

During times of financial crisis or uncertainty, many investors turn to gold as a safe-haven asset. As such, companies like USAGOLD play an important role in helping individuals invest in physical gold and silver products.

It is important for investors to carefully evaluate their options and choose a reputable company based on their individual needs and goals.

Should You Invest in Gold and Silver with USAGOLD?

One notable fact is that during times of financial crisis or uncertainty, the demand for gold tends to increase as investors seek out safe-haven assets.

This has made gold investing an attractive option for many individuals looking to diversify their investment portfolio and protect against market volatility.

As a trusted precious metals dealer, USAGOLD offers a range of gold and silver products suitable for those interested in making such investments.

The firm also provides guidance on how to incorporate physical precious metals into retirement plans, such as IRAs.

It is important to note that while USAGOLD has a solid reputation in the industry and offers valuable financial advice, no investment is entirely risk-free.

Individuals should always conduct thorough research before making any investment decisions and consult with a financial advisor to ensure they are taking appropriate measures to manage their risk exposure.

How to Buy Gold with USAGOLD

To successfully purchase physical gold or silver products, investors must first gain a thorough understanding of their investment objectives and the amount of precious metals they wish to hold in their portfolio.

This involves determining the percentage of investments to allocate towards gold or silver coins or bullion.

USAGOLD recommends holding between 10 to 30 percent of investments in these precious metals for optimal portfolio diversification.

After establishing investment objectives and determining the amount of precious metals to invest, it is essential to align portfolio choices with these objectives.

USAGOLD offers a wide range of contemporary gold bullion coins and historical gold coins that play an essential role for investors seeking profitable precious metal investments.

The leading professionals at USAGOLD can guide clients through making ideal choices based on their investment goals.

USAGOLD provides an easy process for purchasing physical gold or silver products.

By consulting with one of their experts, investors can determine which type of product is best suited for their needs and receive assistance throughout the buying process.

With over 50 years in business and a reputation built on trustworthiness, reliability, superior market insight, and customer service excellence, USAGOLD is a safe choice for those looking to buy physical gold products.

How to Choose a Gold Company for Investment

In selecting a gold company for investment, it is crucial to consider factors such as:

  • The firm's track record in precious metals
  • Credentials and history
  • Willingness of staff to answer questions
  • Ability to accommodate timing
  • Client-focused approach
  • Website quality

A solid track record in precious metals indicates that the company has proven its reliability over time.

Credentials and history are also important since they represent a company's reputation and experience in the industry.

A willingness of staff to answer questions is essential because investors need guidance in making informed decisions about their investments.

Companies that can accommodate an investor's timing are also valuable since some transactions require prompt execution.

A client-focused approach is critical because investors need to feel confident that their interests are being taken into account during every step of the investment process.

Website quality is essential since it reflects a company's commitment to providing informative resources for investors.

To summarize, when choosing a gold company for investment or retirement plans such as IRAs or 401(k)s, investors should look for firms with:

  • A solid track record in precious metals
  • Strong credentials and history in the industry
  • A willingness of staff to answer questions promptly and effectively
  • An ability to accommodate timing requirements for transactions if needed
  • A client-focused approach where investors' interests are considered at every stage of the process
  • High-quality websites that provide informative resources on investing in precious metals.

By taking these factors into account carefully when choosing a gold company like USAGOLD for investment purposes or retirement planning needs will ensure that you invest with confidence.


After conducting a thorough review of USAGOLD, it can be concluded that the company is a safe and reliable option for gold investments and IRAs. 

With over 50 years of experience in the industry and a flawless track record with no complaints, USAGOLD has established itself as a respected and trustworthy company.

In addition to offering IRA-approved gold and silver bars and coins, historic U.S. gold coins, fractional gold coins, and collectibles, USAGOLD also partners with Delaware Depository for secure storage options.

Their advanced website technology provides customers with access to market analysis and commentary, live pricing updates, charts, educational content, and more.

While there may be some skepticism around investing in precious metals or choosing the right gold company for investment purposes, it is clear that USAGOLD stands out as a reputable option.

By providing exceptional customer service and high-quality products backed by decades of experience in the industry, investors can confidently choose USAGOLD as their trusted partner in their journey towards financial security through gold investment.

Crow Creek Mine Team

At Crowcreekmine, we provide research and analysis for people that want to take control of their financial future and protect the savings that they have.