First Gold Group Review 2023: Scam Risk or Safe?

Welcome to our comprehensive review of the First Gold Group, a rising star in the world of precious metals trading. In this snapshot, we will delve into the essential aspects that define this newer player in the industry, providing you with an insightful overview of what First Gold Group has to offer.

As the precious metals market continues to captivate investors seeking stability and diversification in their portfolios, it is crucial to explore emerging dealers like First Gold Group to assess their credibility, product offerings, customer service, and overall reputation.

Join us as we take a closer look at this promising precious metals dealer and what sets them apart in a market characterized by tradition and trust.

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Exploring First Gold Group

Are you curious about investing in precious metals and want a reliable dealer? Look no further than First Gold Group, also known as FGG. They’re based in sunny Los Angeles, CA, and their website is a treasure trove of information for investors like you.

FGG’s website is a breath of fresh air. It’s not just a place to buy metals; it’s a hub of knowledge. Investors can easily click on various products to see a picture and its current price.

Ever wondered about gold IRAs? FGG has your back. They provide valuable information on how to invest in precious metals for your retirement, offering a helping hand on your investment journey.

At the top of the homepage, you’ll find a nifty banner that shows real-time prices for metals in the marketplace. It’s like having a mini stock market ticker right on your screen. But here’s the deal – FGG is upfront about how prices can change with this ticker. So, stay on your toes!

Knowledge is power, and FGG knows it. Their blog is a goldmine of information (pun intended). You can learn about investing in precious metals, catch up on current financial news, and much more.

Investing can be confusing, especially if you’re new to precious metals. FGG has got your back with charts that show how metal values go up and down over time. It’s like having a crystal ball for your investments!

Shopping with FGG is as easy as pie. Just add the products you want to your cart and check out. But here’s a heads-up: some items have limited availability. So, don’t be surprised if you need to give FGG a quick call to seal the deal.

In a world where trust and transparency matter, First Gold Group shines as your go-to precious metals partner. Whether you’re a seasoned investor or just starting their informative website, real-time pricing, and educational resources make the journey smoother.

Getting to Know First Gold Group: Uncovering the People Behind the Business

FGG doesn’t spill all the beans when it comes to its founders. The Better Business Bureau tells us there’s a single owner listed, and that person incorporated the business in 2020. Now, it’s possible that this owner was doing their thing even before 2020, but there’s no clear info to confirm that.

On their website, FGG casually mentions that one of their co-owners and operators is a United States Armed Forces veteran. While that’s pretty cool, it doesn’t give us the full picture of who’s managing our physical precious metals investments.

About the “About Us” Page

If you’re like us and want to know more about the people handling your money, you might head to the “About Us” page on FGG’s website. But brace yourself—it’s more about customer service and selling precious metals IRA than introducing the team. If you’re craving details about the masterminds behind the scenes, it might be time to pick up the phone and ask.

FGG’s Social Media Presence

FGG is quite active on Facebook. They use it to spread the word about their business, sort of like a digital megaphone. What’s cool is that they often share helpful links to financial news, which can be a handy resource for investors. You might want to give them a follow to see how they interact with users.

Now, here’s an interesting tidbit: FGG has a little over 200 followers on Facebook. Some folks might raise an eyebrow at this because a more established dealer could have several thousand followers after a couple of years in business. But remember, follower count isn’t everything—quality matters more than quantity.

While they might keep some cards close to their chest, their active online presence and commitment to serving customers make them a player worth considering in the world of precious metals investment space. If you’re curious, don’t hesitate to reach out and learn more about the team steering the ship at First Gold Group.

Deciphering First Gold Group’s Pricing: What You Need to Know

One thing you’ll notice about FGG is their crystal-clear pricing. They don’t beat around the bush. Each item they sell comes with a price tag, and they even add specific details for some products. For instance, if you’re eyeing an expensive bar, they’ll let you know if it’s in limited supply.

Pricing History at Your Fingertips

FGG isn’t secretive about how their prices change over time. They offer charts so you can see how prices have danced around. It’s like having a backstage pass to check if your desired item is fairly priced. Remember, every dealer needs a little markup to keep the lights on, but FGG keeps it minimal for-profit purposes.

Unlike some places where you can haggle or make an offer, FGG’s prices are set in stone. There’s no negotiation dance, just clear-cut prices ready for your shopping cart.

Gold and other precious metals have their moves, and their value can change. So, here’s a tip: If you’re thinking of snagging a shiny piece, visit FGG’s website over a few different days and compare prices. If gold’s value takes a dip, that product might be less expensive than before—timing is everything.

Now, here’s a sweet deal: If you spend more than $199 at FGG, they toss in free shipping. Many of their products are priced above this value, which means you can enjoy a nice little bonus when you shop with them.

Exploring First Gold Group’s Array of Services and Precious Metal Products

FGG offers a dazzling array of precious metal IRAs. You can find not one, but two different types of gold coins and three flavors of gold bars. Whether you’re into silver coins or bars, they’ve got you covered.

Dive into a world of international treasures with gold and silver coins from mints around the globe. FGG showcases coins like American Eagles, Australian Silver Kangaroos, and more. It’s like taking a mini world tour through your precious metal investments.

Beyond Coins: Bars and Rounds

Many dealers stick to coins, but FGG takes it up a notch. They offer not only coins but also bars and rounds. So, you’ve got choices galore to suit your investment style.

Here’s something that’s not common in the precious metals game: FGG’s inventory boasts various purity levels. You can pick the level that suits you best. When it comes to variety, FGG steps up to the plate.

Investors take note! FGG has products in various weights. Maybe you can’t swing a whole ounce of gold, but a 1/10-ounce coin might fit the bill perfectly. It’s all about finding the right fit for your budget and goals.

ACCRUE: A Unique Service

Now, here’s a cool service you don’t see every day. FGG offers something called ACCRUE. It’s like a precious metals savings plan. You sign up for a subscription, starting as low as $25 a month. You keep adding money to your account until you’ve got enough to buy your chosen product.

ACCURE is ideal for investors who want to accumulate precious metals at their own pace. No need to rush. As soon as your account has enough to purchase that shiny coin you’ve been eyeing, it’s shipped right to your doorstep. It’s like having your stash of treasure building up over time.

FGG knows one size doesn’t fit all. They offer different subscription levels, with costs ranging from $25 to $100 a month. You pick the one that suits your goals and budget.

Demystifying Custodian Duties in Precious Metals IRAs with FGG

FGG offers precious metals IRAs on their website, just like many other dealers. It sounds pretty straightforward, right? Well, here’s where it gets a bit tricky.

When you visit FGG’s website, it might seem like they’re the ones offering the IRA. But if you click on the IRA sign-in or sign-up button, you’ll find yourself on a completely different website. Surprise! This website belongs to the GoldStar Trust Company.

Meet Your Custodian: GoldStar Trust Company

GoldStar Trust Company is the real custodian that FGG partners with for their precious metals IRAs. Now, this isn’t unusual in the world of self-directed IRAs. It’s pretty standard for dealers to work with separate custodians.

Here’s the deal: Because GoldStar is a different company, you, as an investor, need to do some homework about it. Check out their background, their services, and their reputation. Both FGG and GoldStar might not have the same business practices or ethics.

One thing that might raise eyebrows is the somewhat vague wording on FGG’s website regarding the custodian. It’s not as clear as it could be, which might turn off some investors who want everything crystal clear.

Here’s a twist: you always have the option of picking your custodian for your IRA. This person or entity can then handle the transfer of any precious metals you buy from FGG into your IRA for tax purposes.

In the grand scheme of things, it’s the custodian who does most of the heavy lifting when it comes to managing your IRA. FGG’s primary role is to sell the precious metals products for your IRA.

Working with First Gold Group

FGG doesn’t have a huge footprint on the internet. If you’re scouring the web for reviews, you might come across only a handful on Google. Now, one of those comments is from the company’s owner, which is a nice touch, but overall, the feedback is on the lean side.

When you’re looking to invest your hard-earned money, trust is crucial. And trust often comes from seeing positive comments and reviews from folks who’ve been there, done that. It’s kind of hard to put your trust in a company when you don’t see many happy customers singing their praises.

The BBB Mystery

Here’s another twist: FGG isn’t accredited by the Better Business Bureau (BBB). Now, in their defense, they’re still a relatively new business. Some companies take a few years to earn that accreditation badge.

So, what’s an investor to do with this info? Well, it’s always a good idea to dig deeper. While FGG might not have a ton of online reviews or that BBB stamp of approval, you can still reach out to them, ask questions, and gather as much info as you can.

Exploring the Pros and Cons of First Gold Group: What to Consider

When it comes to precious metals and investments, First Gold Group (FGG) has its share of advantages and disadvantages. Let’s take a closer look at what they bring to the table:


1. Transparent Pricing

FGG gets a gold star for clear and upfront pricing. You can see the prices right on their website, and they accept standard payment methods. Whether you prefer bank wires, credit cards, or even good old checks, FGG has you covered.

2. Accessibility

Communication is a breeze with FGG. They’re open to discussing self-directed IRAs and funding options. You can chat with them online, give them a call, or even use their texting phone number if that’s more your style. And if you’re not into talking, you can reach out via email or Facebook.

3. Unique Product Variety

FGG stands out with its diverse range of products. You’ll find items here that you might not stumble upon elsewhere. The selection can be quite attractive for investors looking for something a bit different.


1. Limited Product Verification

Here’s the catch: FGG provides general photos of their products, but you don’t get to see the actual item until it arrives at your doorstep. So, there’s a bit of a mystery when it comes to the product’s quality. It’s a bit like online shopping without reviews.

2. Industry Connections

One area where FGG falls short is in showcasing precious metals industry connections. You won’t find any associations with numismatic professionals or mentions in the media on their site. For some investors, these connections can be a sign of credibility and expertise.

3. Relatively New Player

FGG is relatively new in the game, which means it might lack the experience that some investors look for when it comes to managing funds. The world of precious metals can be complex, and some may prefer to trust established players with a track record.

First Gold Group Review: Final Thoughts

In a nutshell, First Gold Group (FGG) has its pros and cons. They’re pretty straightforward with pricing and offer diverse payment options, making it convenient for investors. Their unique product variety can catch your eye too.

But, there are some uncertainties. It’s hard to verify product quality since you can’t see it until it arrives. FGG’s lack of industry connections and being relatively new in the game might make some investors a bit cautious.

Ultimately, it comes down to what you value most in a precious metals dealer. If you’re okay with a bit of mystery and prefer unique products, FGG might be worth considering. Just do your homework and make an informed choice that fits your investment goals and comfort level.

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Tim Schmidt


Tim Schmidt is an Entrepreneur who has covered retirement investing since 2012. He started IRA Investing to share his expertise in using his Self-Directed IRA for alternative investments. His views on retirement investing have been highlighted in USA Today, Business Insider, Tech Times, and more. He invested with Goldco.