Monetary Gold Review
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Gold IRAs have gained popularity as investors seek to safeguard their wealth against currency concerns and government deficits. In our monetary gold review, we have identified Monetary Gold as an A-rated company, making it a viable option for individuals looking to invest in precious metals.
Monetary Gold has established itself as a reputable provider in the industry. They offer a range of gold IRA options, allowing investors to diversify their portfolios with physical gold. With their A-rating, Monetary Gold demonstrates a commitment to transparency, reliability, and customer satisfaction.
Investing in a gold IRA with Monetary Gold provides potential benefits such as portfolio stability and a hedge against inflation. Gold has historically shown resilience during economic downturns, making it an attractive long-term investment option.
When considering a gold IRA, it is crucial to research and select a reputable company like Monetary Gold. Their A-rating indicates a solid track record and customer satisfaction, giving investors confidence in their investment choices.
Overall, Monetary Gold is a suitable option for individuals seeking to invest in precious metals through a gold IRA. Their A-rating, range of offerings, and reputation in the industry make them a reliable choice for investors looking to protect and grow their wealth.
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- They have received over 1,000 5-star ratings online
- They safeguard over $1 billion in retirement savings
- They have earned an AAA customer rating
- They have an A+ rating with BBB
- They have won Inc 500 award 5 times
- They were named the 2021 company of the year.
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Monetary Gold Products
Gold is a highly sought-after metal due to its rarity, inflation protection, liquidity, and investment value. Monetary Gold offers various options, including gold bullion (bars and coins), gold coins (with historical significance), Gold IRAs (retirement accounts backed by gold), numismatic coins (rare and collectible), fractional gold (smaller denominations), and secure gold storage solutions. These choices cater to different investor preferences and goals, providing opportunities for wealth preservation and long-term appreciation.
Silver is gaining popularity as an investment choice due to its increasing uses in manufacturing and technology, which is expected to drive its price up. Monetary Gold offers a range of silver investment options, including silver bullion (bars and coins), silver coins (including collectible and commemorative coins), and silver IRAs (retirement accounts backed by silver). These options allow investors to take advantage of the potential growth in the silver market and diversify their precious metals portfolio.
Platinum, a highly valuable precious metal, is approximately 30 times rarer than gold. Due to its rarity, many precious metals dealers do not offer it, making it an attractive choice for diversifying an investment portfolio. At Monetary Gold, investors can explore various platinum options, including platinum bars, platinum coins, and platinum IRAs. These options provide an opportunity to invest in the unique properties and potential growth of platinum, adding a valuable component to their precious metals holdings.
Metal prices are influenced by factors such as demand, scarcity, and mintage. It’s important to note that proof coins often have a higher premium due to their collectible value. Monetary Gold offers popular options like foreign coins and modern proof coins.
One notable aspect of Monetary Gold is its affordability, ensuring clients get great deals on silver and gold investments. The company frequently offers discounts and promotions, further benefiting customers.
Customer service is a priority for Monetary Gold, with friendly and knowledgeable staff available. They provide a 100% satisfaction guarantee and offer free consultations on bullion prices to help clients find the right products.
Clients can conveniently create an account on the website for online purchases, although buying from a physical location often yields better prices. Customers must present a valid photo ID for verification and complete a Background Check Request form for access to the facility, emphasizing security measures.
For selling precious metals back to Monetary Gold, visiting a physical location is recommended for an accurate assessment of the metal’s condition and value.
To make a purchase, customers can contact the call center or buy online. Monetary Gold offers platinum, palladium, silver, and gold coins backed by a trusted international bank. The purchasing process involves order placement, fund verification, and shipping, with products packed and shipped after payment verification.
Monetary Gold allows customers to place multiple orders simultaneously, including bulk orders and single items, catering to individual preferences. A Certificate of Authenticity is provided with each purchase, ensuring the purity and weight of the item and facilitating future sales without complications.
When it comes to home delivery of precious metals, customers value trusted and reliable delivery companies. Monetary Gold recognizes the importance of secure and accountable delivery, especially for IRA investors who prefer to directly control their assets.
While securely storing silver and gold can be challenging and costly, Monetary Gold allows clients to combine tax advantages with physical metal ownership. However, home delivery requires a private storage IRA account, which has specific conditions to consider for convenience and feasibility.
Physical ownership provides the advantage of complete control over purchased precious metals without interference from government, brokers, or middlemen. All deliveries from Monetary Gold are fully insured and require signatures, ensuring security. Private deliveries are available for a fee of $30, with shipping options including UPS, USPS, or FedEx.
Monetary Gold has competitive pricing for storage fees, charging $100 per year to insure and store approximately $100,000 of gold. Accounts exceeding $100,000 pay an additional $1 for every extra $1,000 of gold. Delaware, where Monetary Gold operates, has investor-friendly tax policies, exempting clients from state inventory tax, property tax, and state sales tax.
Delaware Depository Storage, operated by Delaware Depository, provides insured depository services for gold IRAs. The facility is backed by Lloyds of London, a renowned financial institution in the United Kingdom. With 24/7 monitoring and state-of-the-art security systems, the stored precious metals are kept safe and protected.
The reliable and secure storage options offered by Monetary Gold further enhance its reputation and credibility.
While the option of private storage for precious metals is available, Monetary Gold does not recommend it due to legal uncertainties. Currently, private storage of IRA silver, gold, and platinum falls into a legal gray area, as the IRS has neither disapproved nor approved it. Although the IRS currently allows it, regulatory changes could make private storage challenging in the future.
Monetary Gold cannot be held accountable for the decision to store metals privately, and therefore, the company does not advertise or recommend this option to its customers. It is advised to consult with an attorney or tax advisor before considering private storage.
However, if you choose private storage, Monetary Gold allows you to store your precious metals for a flat fee of $30. It is important to note that despite the risks, private storage offers the benefit of direct control over your assets.
Monetary Gold also offers free online workshops on a monthly basis. These workshops are open to investors, potential customers, and anyone interested in learning about precious metal investments and how the company operates. The workshops cover various topics such as central bank policies and inflation. Attending these workshops can help individuals familiarize themselves with precious metal investments and provide an opportunity to ask questions and learn about financial planning.
Monetary Gold’s website contains a blog, frequently asked questions, and videos from experts in the field. These resources cover topics like the impact of inflation on precious metals and how to add silver and gold to retirement accounts.
Pros & Cons of Monetary Gold
- Lowest opening investments at $5,000.
- Ability to purchase precious metals outright.
- Direct precious metal dealer, eliminating the need for intermediaries.
- Availability of private storage IRA options, although not recommended.
- Quick account opening process.
- Versatile gold IRA that can hold a variety of assets such as bonds, palladium, silver, stocks, platinum, and more.
- Wide selection of options including semi-numismatic coins, bullion, and certified-graded coins.
- Free shipping for first-time clients.
- Secure storage options available for precious metals.
- Excellent industry rating with 5-star reviews and an A+ rating from the Better Business Bureau.
- Limited palladium and platinum options compared to silver and gold coins.
- Private storage IRAs have various regulatory risks that may affect their feasibility.
- Prices are not listed online, requiring customers to inquire for current pricing.
- Not available on holidays and weekends, which may impact customer service accessibility during those times.
Is It a Scam?
Monetary Gold is considered a legitimate company in the precious metal industry. Here are some reasons supporting its legitimacy:
Established Reputation: Monetary Gold has been in business since 2000, demonstrating its longevity and experience in the industry.
Better Business Bureau (BBB) Rating: The company is registered with the BBB and holds an A+ rating, indicating its commitment to ethical business practices and customer satisfaction.
Positive Customer Reviews: Monetary Gold has received positive reviews online, with a five-star rating from satisfied customers. This positive feedback reflects the company’s trustworthiness and reliability.
Minimal Complaints: The company has a minimal number of ripoff complaints, suggesting a solid reputation and ethical conduct in its business operations.
Transparent and Responsive Customer Service: Monetary Gold is known for its knowledgeable and friendly staff who are readily available to provide information and address customer inquiries.
Off-Market Investments: Customers appreciate the company’s offerings of convenient off-market investments, adding to its credibility and attractiveness as a reputable precious metal provider.
Considering these factors, it can be concluded that Monetary Gold is a legitimate company operating in the precious metal industry with a strong reputation and a commitment to customer satisfaction.
In conclusion, Monetary Gold is highly recommended for individuals looking to invest in precious metals, particularly through a gold IRA. The company offers competitive pricing, a smooth onboarding process, and additional benefits such as free workshops and free shipping. The option for secure storage at Delaware Depository further enhances the convenience and safety of storing your precious metals. Monetary Gold’s knowledgeable staff can guide you on tax implications and help you make informed investment decisions. Overall, Monetary Gold is a reputable company that provides excellent services, competitive pricing, and valuable resources for precious metals investors.
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